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Page 1
                                          2024
                                    LAPORAN TAHUNAN
                                       ANNUAL REPORT




PENGEMBANGAN BISNIS BERKELANJUTAN
   MELALUI INOVASI DAN HILIRISASI
      Sustainable Business Development
   through Innovation and Downstreaming
Page 2
      PT Sawit Sumbermas Sarana Tbk.




Sanggahan dan
Batasan Tanggung Jawab
                       Disclaimer and Limitation of Responsibility


Laporan Tahunan 2024 PT Sawit Sumbermas Sarana Tbk (yang selanjutnya disebut “SSMS”
atau “Perseroan”) ini disusun untuk memenuhi ketentuan pelaporan hasil kinerja Perseroan
pada periode 1 Januari 2024 sampai dengan 31 Desember 2024 kepada regulator dan pemangku
kepentingan. Laporan Tahunan ini antara lain disusun berdasarkan Peraturan Otoritas Jasa
Keuangan No. 29/POJK.04/2016 tentang Laporan Tahunan Emiten atau Perusahaan Publik dengan
muatan konten sesuai Surat Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021 tentang Bentuk
dan Isi Laporan Tahunan Emiten atau Perusahaan Publik dan kriteria Annual Report Award.


Laporan Tahunan ini memuat pernyataan terkait tujuan, kebijakan, rencana, strategi, serta hasil
operasi dan keuangan yang disusun berdasarkan data faktual yang dapat dipertanggungjawabkan
kebenarannya. Selain itu, Laporan Tahunan ini juga menyajikan informasi terkait proyeksi kerja
Perseroan di tahun selanjutnya yang disusun berdasarkan pernyataan-pernyataan prospektif dan
berbagai asumsi mengenai kondisi mendatang Perseroan, serta lingkungan bisnis yang terkait, di
mana perkembangan aktual secara material dapat berbeda dari yang dilaporkan. Oleh karena itu,
Perseroan mengimbau agar pemangku kepentingan dapat menggunakan informasi tersebut secara
bijak dalam pengambilan keputusan.



The 2024 Annual Report of PT Sawit Sumbermas Sarana Tbk (hereinafter referred to as “SSMS” or
“the Company”) was prepared to meet the reporting requirements of the Company’s performances
for the period of January 1, 2024 to December 31, 2024 to the regulator and stakeholders. This Annual
Report has been prepared based on Financial Services Authority Regulation No. 29/POJK.04/2016 on
Annual Reports of Issuers or Public Companies with content in accordance with Financial Services
Authority Circular Letter No. 16/SEOJK.04/2021 concerning the Form and Content of the Issuers or
Public Companies Annual Reports and Annual Report Award criteria.


This Annual Report contains statements related to objectives, policies, plans, strategies, and results
of operations and finance compiled based on factual-accountable data. In addition, this Annual
Report also presents information regarding Company’s work projections for the following year which
are prepared based on prospective statements and various assumptions regarding the Company’s
future conditions, as well as the related business environment, where actual developments may differ
materially from those reported. Therefore, the Company urges stakeholders to use the information
with discretion in their decision making.




 ii
Page 3
2024            Laporan Tahunan
                Annual Report




PENGEMBANGAN BISNIS BERKELANJUTAN
MELALUI INOVASI DAN HILIRISASI
Sustainable Business Developmentthrough
Innovation and Downstreaming

                                  PT Sawit Sumbermas Sarana Tbk terus memperkuat daya saing dan
                                  menciptakan nilai tambah bagi industri kelapa sawit melalui inovasi dan
                                  hilirisasi. Perseroan berupaya meningkatkan efisiensi operasional dengan
                                  mengadopsi teknologi modern serta menerapkan praktik ramah lingkungan
                                  guna memastikan keberlanjutan bisnis jangka panjang. Inovasi ini tidak
                                  hanya mendukung peningkatan produktivitas tetapi juga memungkinkan
                                  pengembangan produk bernilai tambah yang lebih kompetitif di pasar nasional
                                  maupun internasional.


                                  Sebagai bagian dari strategi hilirisasi, Perseroan mendorong transformasi
                                  dari sekadar menghasilkan bahan mentah menjadi produsen produk olahan
                                  dengan nilai jual lebih tinggi. Konsolidasi terhadap PT Citra Borneo Utama Tbk
                                  (CBUT) dengan meningkatkan kepemilikan sahamnya menjadi langkah strategis
                                  dalam memperkuat lini bisnis hilir, meningkatkan efisiensi rantai pasok,
                                  serta memperluas jangkauan pasar. Melalui upaya ini, Perseroan tidak hanya
                                  mengokohkan posisi sebagai pemimpin industri kelapa sawit yang bertanggung
                                  jawab dan berdaya saing tinggi, tetapi juga berkontribusi pada percepatan
                                  hilirisasi industri kelapa sawit yang selaras dengan kebijakan pemerintah. Dengan
                                  pendekatan ini, Perseroan turut mendorong pertumbuhan ekonomi yang inklusif
                                  dan berkelanjutan.


                                  PT Sawit Sumbermas Sarana Tbk continues to strengthen its competitiveness
                                  and create added value for the palm oil industry through innovation and
                                  downstreaming. The company strives to improve operational efficiency with
                                  the adoption of modern technology and applying environmentally friendly
                                  practices to ensure the long-term business sustainability. This innovation
                                  not only supports increased productivity but also enables the development
                                  of added-value products that are more competitive in both the domestic and
                                  international markets.


                                  As a part of its downstream strategy, the company is driving the transformation
                                  from just a producer of raw materials into the producer of processed products
                                  with higher selling value. The consolidation of PT Citra Borneo Utama Tbk
                                  (CBUT) by increasing its share ownership is a strategic move to strengthen
                                  the downstream business, enhance supply chain efficiency, and expand market
                                  reach. With these efforts, the company not only bolsters its position as a
                                  responsible and highly competitive leader in the palm oil industry, but also
                                  contributes in accelerating the downstreaming of palm oil industry, which is
                                  align with government policies. With this approach, the Company contributes
                                  in fostering an inclusive and sustainable economic growth.




2024 Annual Report                                                                                             1
Page 4
    PT Sawit Sumbermas Sarana Tbk.




Kesinambungan Tema
                                                                                                  Theme Continuity



2023                             Integrasi Berkelanjutan Antara Hulu dan Hilir untuk Pertumbuhan Bisnis yang Tangguh
                                 Continuous Integration Between Upstream and Downstream for Resilient Business Growth

                                 Kelapa sawit merupakan industri yang                As a potential industry and one of the national
                                 potensial dan merupakan salah satu industri         strategic industries, the Indonesian palm oil
                                 strategis nasional. Industri sawit Indonesia        industry plays an important role in improving
                                 berperan     penting    pada    peningkatan         the economy through continuously increasing
                                 perekonomian dengan kinerja perdagangan             trade performance, and becoming a multiplier
                                 yang terus meningkat, dan industri ini juga         effect involving many business actors from
                                 melibatkan banyak pelaku usaha dari berbagai        various economic groups.
                                 kelompok ekonomi.

                                 Melalui pengelolaan bisnis yang berkelanjutan,      Through sustainable business management,
                                 Perseroan memperkokoh strategi bisnisnya            the Company strengthens its business strategy
                                 dengan memperkuat industri yang terintegrasi,       by strengthening integrated industries. In
                                 upaya ini akan membantu dan meningkatkan            this way, the Company can help and increase
                                 pertumbuhan perekonomian daerah dan                 regional and national economic growth. This
                                 nasional. Hal itu ditandai dengan rencana Aksi      was marked by completing the Company’s
                                 Korporasi Perseroan pada tahun ini yaitu debt       Corporate Action this year through a debt
                                 equity swap perusahaan afiliasi yang terintegrasi   equity swap of an affiliated company that
                                 hilirisasi fraksinasi kelapa sawit.                 integrated downstream palm oil fractionation.

                                 Sejalan dengan program pemerintah melalui           In line with the government’s program
                                 hilirisasi industri kelapa sawit, yang dimaknai     through the downstreaming of the palm oil
                                 sebagai upaya strategis meningkatkan nilai          industry, which is interpreted as a strategic
                                 tambah komoditas kelapa sawit melalui proses        effort to increase the added value of palm oil
                                 pengolahan agar menjadi produk turunan              commodities through processing so that they
                                 yang memiliki nilai jual lebih tinggi. Untuk itu,   become derivative products that have a higher
                                 Perseroan memperkokoh dengan integrasi              selling value. For this reason, the Company
                                 yang kuat menjadikan Perseroan semakin              strengthens its strong integration, making the
                                 berkembang pesat dan kuat, sehingga dapat           Company grow rapidly and stronger, so that it
                                 mengembangkan potensi dan perekonomian              can develop regional potential and economy
                                 daerah secara langsung.                             directly.




2022                             Mendukung Ketahanan Pangan Nasional Melalui Bisnis yang Berkelanjutan
                                 Supporting National Food Security Through Sustainable Business


                                 Di tengah beratnya tantangan perekonomian           Amidst the severe economic challenges
                                 di sepanjang tahun 2022, Perseroan tetap            throughout 2022, the Company remained
                                 resilien, mampu beradaptasi dengan meraih           resilient, and able to adapt by achieving
                                 kinerja yang positif. Pencapaian tersebut tidak     positive performance. This achievement
                                 lepas dari strategi dan kebijakan strategis         cannot be separated from the strategic
                                 yang diterapkan pada periode-periode                strategies and policies implemented in
                                 sebelumnya, sehingga Perseroan mampu                previous periods so that the Company is
                                 mengantisipasi setiap tantangan yang ada,           able to anticipate every challenge, optimize
                                 mengoptimalkan potensi yang dimiliki, dan           its potential, and deliver the Company to
                                 mengantarkan Perseroan pada pencapaian              achieve the targets set at the beginning of
                                 target yang telah ditetapkan di awal tahun.         the year. One strategy that continues to be
                                 Salah satu strategi yang terus dilakukan            carried out on an ongoing basis is the research
                                 secara berkesinambungan adalah penelitian           and development of plantation technology.
                                 dan pengembangan teknologi perkebunan.              This step is aimed at improving gardening
                                 Langkah ini ditujukan untuk memperbaiki             practices in order to produce the best products
                                 praktik    berkebun      agar    menghasilkan       in the future.
                                 produk-produk terbaik pada masa mendatang.




2                                                                                                                Laporan Tahunan 2024
Page 5
 Bersinergi Meningkatkan Potensi Bisnis Berkelanjutan
 Synergize to Empower Sustainable Business Potential                                                 2021
 Di tahun 2021, pandemi Covid-19 masih           In 2021, the Covid-19 pandemic had severe
 memengaruhi kondisi perekonomian dan            impacts on economic and industrial conditions
 industri secara global dan nasional, termasuk   globally and nationally, including the palm
 di dalamnya industri kelapa sawit. Menghadapi   oil industry. To address these challenges,
 tantangan tersebut, SSMS memperkuat sinergi     SSMS strengthens synergies between Group
 antar Entitas Grup, mengimplementasikan         Entities, implements strategic measures,
 langkah-langkah strategis, mengembangkan        develops innovation, and also prioritizes the
 inovasi, dan juga mengedepankan penerapan       implementation of appropriate and consistent
 protokol kesehatan yang tepat dan konsisten     health protocols to support the sustainability of
 guna mendukung keberlanjutan bisnis inti         the Company’s core business and strengthen
 Perseroan serta memperkuat struktur keuangan    the Company’s financial structure in line with
 Perseroan sejalan dengan komitmen SSMS          SSMS’s commitment to continue to grow and
 untuk senantiasa bertumbuh dan memberikan       provide positive value to shareholders and
 nilai yang positif kepada para Pemegang Saham   stakeholders.
 dan pemangku kepentingan.




 Memperkuat Ketahanan untuk Bisnis Kelapa Sawit yang Berkelanjutan
 Building Business Resilience through a Sustainable Palm Oil                                         2020
 Di tengah tantangan akibat pandemi global       During challenges due to the global Covid-19
 Covid-19, PT Sawit Sumbermas Sarana Tbk         pandemic, PT Sawit Sumbermas Sarana Tbk
 (SSMS) senantiasa memperkuat komitmen           (SSMS)      continues   to   strengthen    its
 untuk terus tumbuh berkelanjutan yang           commitment        to  continue    sustainable
 diwujudkan melalui peningkatan penerapan        growth, which is realized through improving
 sistem      pengendalian    internal  untuk     the implementation of internal control
 memastikan seluruh pelaporan perusahaan         systems to ensure that all company reporting
 telah sesuai dengan ketentuan yang berlaku.     is applicable regulations. The adequacy of
 Kecukupan sistem pengendalian internal ini      this internal control system is not only part
 tidak hanya menjadi bagian dari pelaksanaan     of implementing best practices but also
 best practices, namun juga memfasilitasi        facilitates the Company to operate efficiently
 Perseroan untuk beroperasi secara efisien       and effectively to increase competitiveness
 dan efektif sehingga dapat meningkatkan daya    and optimize business opportunities during a
 saing dan mengoptimalkan peluang bisnis di      pandemic.
 tengah pandemi.




 Nyata Membangun Negeri Melalui Inovasi dan Optimalisasi Bisnis Berkelanjutan
 Developing the Nation Through Innovation and Optimization of Sustainable Business                   2019
 PT Sawit Sumbermas Sarana Tbk (SSMS)            PT Sawit Sumbermas Sarana Tbk (SSMS)
 bertekad untuk berbakti kepada Bangsa           has been determined to serve the Indonesian
 Indonesia dengan segenap kemampuan dan          nation with all its capabilities and advantages
 kelebihan yang dimilikinya sejak Perseroan      since    the      Company’s       establishment.
 berdiri. Sehingga, hal ini menjadi keyakinan    Thus, this is a belief for the Company to
 bagi Perseroan untuk terus mewujudkan           continue to realize its commitment to caring
 komitmen kepedulian pada sesama serta           for others and work on every business
 mengerjakan setiap proses bisnisnya secara      process in a sustainable manner. This is what
 berkelanjutan. Hal tersebut yang menjadikan     makes SSMS increasingly gain the trust of
 SSMS semakin mendapat kepercayaan dari          stakeholders and become part of the growth of
 para pemangku kepentingan dan menjadi           sustainable development of plantation areas in
 bagian dari pertumbuhan pembangunan             Indonesia to date.
 berkelanjutan kawasan perkebunan di
 Indonesia hingga saat ini.




2024 Annual Report                                                                                      3
Page 6
     PT Sawit Sumbermas Sarana Tbk.




Model Bisnis dan Rantai Nilai Perusahaan
                                            Company Business Model and Value Chain

SSMS mengelola 23 perkebunan kelapa sawit dengan total                SSMS manages 23 palm oil estates with a total production of
produksi hampir 1,56 juta metrik ton TBS pada tahun 2024              nearly 1.56 million metric tons of FFB in 2024 and more than
dan lebih dari 461,41 ribu metrik ton CPO. Produksi tersebut          461.41 thousand metric tons of CPO. The production was
didukung oleh tambahan 440 ribu metrik ton TBS yang diperoleh         supported by an additional of 440 thousand metric tons of FFB
dari sumber independen. Setelah meningkatkan kepemilikan              sourced from independent sources. After increasing its share
saham atas PT Citra Borneo Utama Tbk (CBUT), Entitas Anak             ownership in PT Citra Borneo Utama Tbk (CBUT), SSMS’s
SSMS, CPO yang dihasilkan langsung diproses oleh CBUT                 Subsidiary ensures that the CPO produced is directly processed
menjadi berbagai produk turunan kelapa sawit.                         by CBUT into various palm oil derivative products.

                                                                                      Own          Managed Plantations    Independent /
                                                                                   Plantations         (Plasma)              3rd party



                                           OIL PALM PLANTATIONS



Upstream
• Oil Palm plantation cultivation          Fresh Fruit Bunches (FFB)
• Harvesting of fresh fruit
  bunch
• Research & Development to
  improve productivity/yield                 Internal production: ~2 mil MT of FFB
• FFB milling and PK crushing
• Refineries for production
  of primary CPO and PK
  products
                                           MILL




                                                                                                 Palm
                                           Crude Palm Oil
                                                                                                 Kernel




                                             Internal production: ~500k MT of CPO

                                                                                                 PALM
                                           REFINERIES /
                                                                                                 KERNEL
Midstream                                  FRACTIONATION
                                                                                                 CRUSHING
                                           PLANTS
                                                                                                 PLANT
• Further processing of CPO
  primary products into
  intermediate/final products
                                           Bulk CPO Products                                     Bulk PK Products
• Trading arm for sale of final                                                                  • Palm kernel oil
                                           • RBD palm oil
  consumer products                                                                              • Palm kernel expeller
                                           • RBD palm olein
                                           • RBD palm sterin
                                           • Palm fatty acid distillate (PFAD)


        Refinery Capacity: ~850k
        MT of CPO                          Blended/Specialty Products*                           End Consumer Products*

                                                       • Edible oils
                                                       • Oleochemicals
*Presently not produced by CBUT/                       • Biodiesel
downstream business                                                                              Food and     Beauty and   Home care/
                                                                                                 Nutrition   Personal Care industrials




 4                                                                                                                  Laporan Tahunan 2024
Page 7
Pencapaian SSMS di Tahun 2024
                                                                                   SSMS Achievements in 2024




                     Penjualan                                    Total Aset                                    Total Ekuitas
                          Sales                                Total Assets                                         Total Equity

         Rp
             10,52                 triliun
                                   trillion
                                                         Rp
                                                            11,76            triliun
                                                                             trillion                           2,89
                                                                                                               Rp               triliun
                                                                                                                                trillion

        (   1,70% year on year (YoY))                          (    0,39% YoY)                                      (   45,30% YoY)




                 Laba Usaha                             Laba Per Saham Dasar
              Operating Profit                          Basic Earnings Per Share


            Rp
               1,77               triliun
                                  trillion
                                                              Rp
                                                                   86,04
                 (       47,97% YoY)                          (    59,99% YoY)




         Laba Tahun Berjalan
            Profit for the Year


       Rp
            844,69                     miliar
                                       billion

                 (       62,97% YoY)




                     Total Produksi Tandan Buah Segar (TBS)
                     Total Fresh Fruit Bunches (FFB) Production


                     1.696.867                   MT

                     (     7,94%YoY)




                     Total Produksi CPO
                     Total CPO Production                     461.414                   MT   (   11,06% YoY)




                     Total Produksi Hilir
                     Total Downstream Production              815.742                   MT   (   47,70% YoY)




2024 Annual Report                                                                                                                         5
Page 8
     PT Sawit Sumbermas Sarana Tbk.




Momentum Bisnis SSMS
                                                                                  SSMS Business Momentum

SSMS telah memperluas bisnis hulu dengan peningkatan                    SSMS has expanded its upstream business with consistent
produktivitas dan efisiensi operasional yang konsisten. Saat            increase in productivity and operational efficiency. Currently,
ini, Perseroan tengah memperkuat unit bisnis hilir melalui              the Company strengthening its downstream business units
restrukturisasi strategis, termasuk pengembangan produk                 through strategic restructuring, as well as developing
turunan bernilai tambah. Langkah ini bertujuan untuk                    the value-added derivative products. This initiative aims to cement
mengokohkan posisi sebagai pemain terkemuka di sektor                   the position as a leading player in the integrated plantation sector
perkebunan terintegrasi di Indonesia, sekaligus mendukung               in Indonesia, while also supporting the government’s downstream
program hilirisasi pemerintah dan keberlanjutan operasional.            program and operational sustainability.


Program hilirisasi memberikan kontribusi nyata terhadap                 The downstream program provides a tangible contribution to
perekonomian nasional. Inisiatif ini tidak hanya mendukung              the national economy. This initiative not only supports
keberlanjutan operasional, tetapi juga menciptakan lapangan             operational sustainability but also significantly creates job
kerja secara signifikan, sehingga memperkuat dampak positif             opportunities, thereby strengthening SSMS’ positive impact on
SSMS bagi masyarakat.                                                   the community.



     2013                                                                   2023
     Penawaran Umum Perdana                                                 • Pembayaran penuh obligasi global sesuai tanggal jatuh tempo.
     Melakukan penawaran umum perdana saham (initial public offering/       • Konsolidasi terhadap CBUT dengan meningkatkan kepemilikan
     IPO) di Bursa Efek Indonesia pada 12 Desember 2013.                      saham, menempatkan Perseroan sebagai Pemegang Saham
     Initial Public Offering                                                  Mayoritas.
     Carried out the Initial Public Offering (IPO) on Indonesia Stock       • Perkebunan dan PKS di segmen hulu sepenuhnya (100%)
     Exchange (IDX) on December 12, 2013.                                     terakreditasi Roundtable on Sustainable Palm Oil (RSPO) dan
                                                                              Indonesian Sustainable Palm Oil (ISPO).
                                                                            • Full payment of global bond at its maturity.
                                                                            • Consolidation of CBUT through increased share ownership,
                                                                              positioning the Company as the majority shareholder.
     2004                                                                   • Upstream Estates and POM fully (100%) accredited by
                                                                              Roundtable on Sustainable Palm Oil (RSPO) and Indonesian
     Entitas Anak                                                             Sustainable Palm Oil (ISPO).
     Mendirikan Entitas Anak, PT Kalimantan Sawit Abadi (KSA),
     pada 25 Maret 2004, di Pangkalan Bun, Kalimantan Tengah.
     Subsidiary
                                                                            2022
     Established a Subsidiary, PT Kalimantan Sawit Abadi (KSA),             Penandatanganan perjanjian dengan Bank Sindikasi untuk membeli
     on March 25, 2004, in Pangkalan Bun, Central Kalimantan.               kembali (buy back) sebagian obligasi global (global bond).
                                                                            Agreement signing with Syndicated Bank to buyback a portion of
                                                                            the global bond.


     1999                                                                   2018
     Entitas Anak                                                           Penerbitan Obligasi Global
     Mendirikan Entitas Anak, PT Mitra Mendawai Sejahtera (MMS), pada       Menerbitkan obligasi global sebesar USD300 juta dan mendirikan
     6 Mei 1999 di Pangkalan Bun, Kalimantan Tengah.                        Entitas Anak, SSMS Plantation International Pte Ltd, terkait
                                                                            penerbitan obligasi tersebut.
     Subsidiary
     Established a Subsidiary, PT Mitra Mendawai Sejahtera (MMS), on        Global Bond Issuance
     May 6, 1999, in Pangkalan Bun, Central Kalimantan.                     Issued US$300 million global bond and established a subsidiary,
                                                                            SSMS Plantation International Pte.Ltd., in relation to the bond
                                                                            issuance.


                                                                            2015
     1995                                                                   Merger dan Akuisisi
     Penggabungan                                                           Mengakuisisi 4 perkebunan, yaitu PT Menteng Kencana Mas,
     Didirikan pada 22 November 1995, SSMS di Pangkalan Bun,                PT Mirza Pratama Putra, PT Tanjung Sawit Abadi, dan
     Kalimantan Tengah.                                                     PT Sawit Multi Utama.
     Establishment                                                          M&A
     SSMS was established on November 22, 1995 in Pangkalan Bun,            Acquired 4 plantations: PT Menteng Kencana Mas,
     Central Kalimantan.                                                    PT Mirza Pratama Putra, PT Tanjung Sawit Abadi, and
                                                                            PT Sawit Multi Utama.




 6                                                                                                                     Laporan Tahunan 2024
Page 9
Keunggulan Kompetitif SSMS
                                                                                      SSMS Competitive Advantages


                                                           Komitmen Keberlanjutan dan
                                                            Environmental, Social, and                             Lokasi Strategis dengan
         Integrasi Hulu dan Hilir
                                                                Government (ESG)                                      Efisiensi Logistik
         Upstream and Downstream
                Integration                                 Sustainability Commitment and                     Strategic Locations with Logistics
                                                              Environmental, Social, and                                  Efficiency
                                                                  Government (ESG)

Konsolidasi terhadap PT Citra Borneo Utama Tbk           SSMS telah mendapatkan sertifikasi 100% RSPO       Perkebunan SSMS terletak dalam radius 60
(CBUT) dengan meningkatkan kepemilikan saham             dan ISPO, yang mencerminkan operasional            km dari pabrik utama, memastikan efisiensi
telah menjadikan SSMS terintegrasi sepenuhnya            ramah     lingkungan    dan    berkelanjutan.      logistik yang signifikan. Lokasi strategis ini
dari hulu ke hilir. Produk kelapa sawit diolah menjadi   Selain itu, Perseroan berkontribusi dalam          mengurangi biaya operasional dan mendukung
turunan bernilai tambah, seperti Refined Bleached
                                                         konservasi dengan rehabilitasi 41 orangutan        margin tinggi untuk keberlanjutan bisnis.
Deodorized Palm Oil (RBDPO), Palm Olein, dan Crude
Palm Kernel Oil (CPKO) dengan kapasitas refinery         di Pulau Salat serta pengelolaan limbah dan        SSMS plantations are located within 60 km
sebesar 2.500 ton per hari. Integrasi ini menciptakan    energi terbarukan. Langkah ini mendukung           radius of the mills, ensuring significant logistics
efisiensi operasional dan mendukung daya saing di        kepercayaan pemangku kepentingan sekaligus         efficiency. These strategic locations reduce
pasar global.                                            melindungi lingkungan.                             operational costs and enables high margins for
The consolidation of PT Citra Borneo Utama Tbk           SSMS has acquired 100% RSPO and ISPO               business sustainability.
(CBUT) through increased share ownership has             certifications, reflecting its environmentally
enabled SSMS to achieve full integration from            friendly     and     sustainable    operations.
upstream to downstream. Palm oil products are
                                                         The Company also contributes to conservation
processed into value-added derivatives such as
Refined Bleached Deodorized Palm Oil (RBDPO),            by rehabilitating 41 orangutans on Salat Island,
Palm Olein, and Crude Palm Kernel Oil (CPKO),            as well as managing waste and renewable
armed with refinery capacity of 2,500 tons per day.      energy. Such measures boost stakeholders’
This integration created operational efficiencies and    trust while protecting the environment.
support the global market competitiveness.




        Pertumbuhan Produksi                                  Kontribusi Sosial dan
      yang Didukung oleh Potensi                           Hubungan dengan Komunitas                                 Tim Manajemen yang
    Tanaman Muda dan Lahan Baru                                      Lokal                                             Berpengalaman
     Production Growth Supported by                               Social Contribution and                      Experienced Management Team
         Potential Young Plants                                   Relationship with Local
         and New Plots of Land                                         Communities


  Profil tanaman muda yang dimiliki SSMS                 Investasi sosial SSMS mencapai     Rp23,83         Kepemimpinan perusahaan didukung oleh
  berpotensi menghasilkan produktivitas tinggi           miliar pada 2024, mencakup 911 kegiatan            tim manajemen dan dewan komisaris yang
  dalam jangka panjang. Selain itu, luas lahan           dengan penerima manfaat sebanyak 47 desa           berpengalaman luas di industri kelapa sawit.
  belum tertanam yang signifikan memberikan              dan 616.128 individu. Hubungan baik dengan         Kepemimpinan mereka berperan dalam
                                                         masyarakat setempat mendukung kelancaran
  peluang ekspansi dan peningkatan hasil                                                                    mendorong pertumbuhan dan inovasi SSMS di
                                                         operasional perusahaan dan memperkuat
  produksi di masa depan.                                keberlanjutan hubungan komunitas.                  pasar global.
  SSMS's young plant profile has long term               In 2024, SSMS social investment amounted to        The company's leadership is backed by
  high-productivity potentials. Also, significant        Rp23.83 billion, covering 911 activities with      experienced management team and board of
  unplanted land area provides future expansion          47 villages and 616,128 individuals listed as      commissioners with broad experience in palm
  opportunities and production growth.                   beneficiaries. Good relationships with local       oil industry. Their leadership plays a role in
                                                         communities support the company’s smooth           driving SSMS' growth and innovation forward in
                                                         operation and solidify a continuous community      the global market.
                                                         relationships.




2024 Annual Report                                                                                                                                           7
Page 10
      PT Sawit Sumbermas Sarana Tbk.




Daftar Isi
                                                                                                              Table of Content

 ii     Sanggahan dan Batasan Tanggung Jawab           4   Model Bisnis dan Rantai Nilai Perusahaan    6   Momentum Bisnis SSMS
        Disclaimer and Limitation of Responsibility        Company Business Model and                      SSMS Business Momentum
                                                           Value Chain
 1      Tema Laporan Tahunan                                                                           7   Keunggulan Kompetitif SSMS
        Annual Report Theme                            5   Pencapaian SSMS di Tahun 2024                   SSMS Competitive Advantages
                                                           SSMS Achievements in 2024
 2      Kesinambungan Tema
        Theme Continuity




 Kilas Kinerja 2024 / 2024 Performance Highlights                                                                                            01
12      Ikhtisar Kinerja Keuangan                     19   Aksi Korporasi dan                         19   Informasi Sumber Pendanaan Lainnya
        Financial Performance Highlights                   Aktivitas Perdagangan Saham                     Information on Other Funding Sources
                                                           Corporate Actions and
16      Ikhtisar Operasional                                                                          20   Kilas Peristiwa 2024
                                                           Stock Trading Activities
        Operational Highlights                                                                             2024 Event Highlights
18      Ikhtisar Saham                                19   Ikhtisar Obligasi, Sukuk, atau
                                                                                                      22   Penghargaan dan Sertifikasi
                                                           Obligasi Konversi
        Share Highlights                                                                                   Awards and Certifications
                                                           Bond, Sukuk, or Convertible Bond
                                                           Highlights




 Laporan Manajemen / Management Report                                                                                                       02
35      Laporan Dewan Komisaris                       41   Laporan Direksi                            48   Tanggung Jawab Laporan Tahunan
        Board of Commissioners Report                      Board of Directors Report                       Annual Report Responsibility




 Profil Perusahaan / Company Profile                                                                                                         03
52      Informasi dan Data Perusahaan                 67   Profil Dewan Komisaris                     88   Profil Entitas Anak dan Entitas Asosiasi
        Company Information and Data                       Profile of Board of Commissioners               Profiles of Subsidiaries and Associated
                                                                                                           Entities
54      Riwayat Singkat Perusahaan                    75   Profil Direksi
        Brief History of the Company                       Profile of Board of Directors              90   Kronologi Pencatatan Saham
                                                                                                           Chronology of Share Listing
56      Visi dan Misi Perusahaan                      81   Informasi Pemegang Saham
        Company Vision and Mission                         Shareholders Information                   91   Kronologi Obligasi dan Efek Lainnya
                                                                                                           Chronology of Bond and Other Securities
57      Nilai-Nilai Perusahaan                        84   Informasi Pemegang Saham Utama
        Corporate Values                                   dan/atau Pengendali                        92   Informasi Kantor Akuntan Publik
                                                           Information of Major and/or Controlling         Public Accounting Firm Information
58      Bidang Usaha
                                                           Shareholders
        Line of Business                                                                              93   Lembaga/Profesi Penunjang Pasar
60      Wilayah Operasional                           86   Struktur Grup Perusahaan                        Modal
                                                           Company’s Group Structure                       Capital Market Supporting Institutions/
        Operational Area
                                                                                                           Professions
63      Keanggotaan Asosiasi                          87   Informasi Entitas Anak dan/atau Entitas
        Association Membership
                                                           Asosiasi                                   94   Informasi Website Perseroan
                                                           Information on Subsidiary and/or                Information on the Company Website
64      Struktur Organisasi                                Associated Entity
        Organizational Structure




 Analisis dan Pembahasan Manajemen / Management Discussion and Analysis                                                                      04
98      Tinjauan Perekonomian dan Industri            101 Aspek Pemasaran                             105 Tinjauan Operasi per Segmen Usaha
        Overview of the Economy and Industry               Marketing Aspect                                Operating Review by Business Segment
100 Strategi Bisnis                                   102 Prospek Usaha                               113 Tinjauan Keuangan
        Business Strategy                                  Business Prospect                               Financial Review




 8                                                                                                                            Laporan Tahunan 2024
Page 11
118 Kemampuan Membayar Utang dan                124 Informasi dan Fakta Material yang Terjadi   126 Informasi Transaksi Material yang
      Tingkat Kolektibilitas Piutang                  setelah Tanggal Laporan Akuntan                Mengandung Benturan Kepentingan
      Ability to Pay Debt and Receivable              Material Information and Facts                 dan/atau Transaksi dengan Pihak
      Collectability Rate                             that Occurred after the Date of the            Afiliasi/Pihak Berelasi
120 Struktur Modal dan Kebijakan                      Accountant’s Report                            Information on Material Transactions
      Manajemen atas Struktur Modal             124 Tinjauan Keuangan Lainnya                        Containing Conflicts of Interest and/
      Capital Structure and Management                Other Financial Reviews                        or Transactions with Affiliated Parties/
      Policy on Capital Structure                                                                    Related Parties
                                                126 Informasi Material Mengenai Investasi,
121 Ikatan yang Material untuk Investasi              Ekspansi, Divestasi, Penggabungan         129 Perubahan Peraturan Perundang-
      Barang Modal                                    Usaha, Akuisisi, dan/atau                      Undangan yang Berpengaruh Signifikan
      Material Commitment for Capital Goods           Restrukturisasi Utang/Modal                    terhadap Perusahaan
      Investment                                      Material Information Regarding                 Changes to Laws and Regulations with
                                                      Investment, Expansion, Divestment,             a Significant Impact on the Company
121 Realisasi Investasi Barang Modal
      Realization of Capital Goods Investment         Merger, Acquisition, and/or Debt/         131 Perubahan Kebijakan Akuntansi dan
                                                      Capital Restructuring                          Dampaknya terhadap Perusahaan
122 Perbandingan antara Target dengan                                                                Changes in Accounting Policies and
      Realisasi                                                                                      Their Impact on the Company
      Comparison between Target and
      Realization                                                                               131 Informasi Kelangsungan Usaha
                                                                                                     Business Continuity Information



  Aspek Pendukung Operasional / Operational Support Aspects                                                                            05
134 Sumber Daya Manusia                         143 Teknologi Informasi
      Human Resources                                 Information Technology



  Tata Kelola Perusahaan / Corporate Governance                                                                                        06
148 Penerapan Tata Kelola Perusahaan            217 Sistem Pengendalian Internal                235 Akses Informasi dan Data Perusahaan
      yang Baik                                       Internal Control System                        Access to Company’s Information and
      Implementation of Good Corporate          220 Manajemen Risiko                                 Data
      Governance                                      Risk Management                           236 Penerapan Aspek dan Prinsip Tata
154 Rapat Umum Pemegang Saham                   225 Perkara Hukum                                    Kelola Perusahaan Sesuai Ketentuan
      General Meeting of Shareholders                 Legal Cases                                    Otoritas Jasa Keuangan
162 Dewan Komisaris                                                                                  Implementation of Aspects and
                                                225 Sanksi Administratif                             Principles of Corporate Governance
      Board of Commissioners                          Administrative Sanctions                       According to Financial Services
173 Direksi                                     226 Kode Etik                                        Authority
      Board of Directors                              Code of Conduct
                                                                                                240 Penerapan Aspek dan Prinsip Tata
181 Transparansi Informasi mengenai             227 Sistem Pelaporan Pelanggaran                     Kelola Perusahaan Sesuai Ketentuan
      Dewan Komisaris dan Direksi                     Whistleblowing System                          Pedoman Umum Governansi Korporat
      Information Transparency Regarding                                                             Indonesia
      the Board of Commissioners and Board      229 Pengadaan Barang dan Jasa
                                                      Procurement of Goods and Services              Implementation of Corporate
      of Directors                                                                                   Governance Aspects and Principles
184 Komite-Komite Penunjang Dewan               230 Kebijakan Anti-Korupsi                           Following the Provisions of Indonesian
      Komisaris                                       Anti-Corruption Policies
                                                                                                     General Guidelines for Corporate
      Supporting Committees of Board of         232 Pengendalian Gratifikasi                         Governance
      Commissioners                                   Gratification Control
                                                                                                261 Pernyataan dan Praktik Bad Corporate
196 Sekretaris Perusahaan                       234 Pencegahan Transaksi Orang Dalam                 Governance
    Corporate Secretary                               Prevention of Insider Transaction              Statement and Practice of Bad
201 Divisi Keberlanjutan                        234 Kebijakan Management and Employees’              Corporate Governance
      Sustainability Division                         Stock Option Plan
                                                      Policy of Management and Employees’
205 Audit Internal
      Internal Audit                                  Stock Option Plan



  Tanggung Jawab Sosial dan Lingkungan Perusahaan /
  Corporate Social and Environmental Responsibility Aspects                                                                            07
                                                                                                301 Laporan Keuangan Konsolidasian
266 Komitmen Pelaksanaan Tanggung Jawab         268 Program TJSL 2024                                PT Sawit Sumbermas Sarana Tbk dan
      Sosial dan Lingkungan Perusahaan                2024 SER Program
                                                                                                     Entitas Anak Tanggal 31 Desember 2024
      Corporate Social and Environmental
                                                283 Referensi Laporan Tahunan SEOJK                  Consolidated Financial Statements of
      Responsibility Commitment
                                                      No. 16/SEOJK.04/2021                           PT Sawit Sumbermas Sarana Tbk and
267 Visi dan Misi TJSL                                Annual Report Reference SEOJK                  Subsidiaries as of December 31, 2024
      SER Vision and Mission                          No. 16/SEOJK.04/2021
267 Kriteria Pelaksanaan TJSL
      Criteria for SER Implementation




2024 Annual Report                                                                                                                          9
Page 12
10   Laporan Tahunan 2024
Page 13
                       Kilas Kinerja
                               2024
                     2024 Performance Highlights

                                  Sepanjang tahun 2024, SSMS mencatatkan laba
                             tahun berjalan sebesar Rp845 miliar, mencerminkan
                                 efisiensi operasional dan strategi ekspansi yang
                                sukses. Keberhasilan ini menunjukkan komitmen
                              SSMS dalam mencapai pertumbuhan berkelanjutan
                                          dan memperkuat posisi di pasar global.

                                  Throughout 2024, SSMS recorded a net profit of
                               Rp845 billion, reflecting operational efficiency and
                               a successful expansion strategy. This achievement
                                demonstrates SSMS's commitment to sustainable
                                          growth and strengthening its position in
                                                                the global market.




2024 Annual Report                                                              11
Page 14
  PT Sawit Sumbermas Sarana Tbk.




Ikhtisar Kinerja Keuangan
                                                                         Financial Performance Highlights


Laporan Posisi Keuangan Konsolidasian
Consolidated Statement of Financial Position

                                                                     (dalam miliar Rupiah, kecuali dinyatakan lain / in billions of Rupiah, unless otherwise stated)


                                                                                                                          Pertumbuhan / Growth
                   Uraian                                                                                                      2024-2023
                 Description
                                                     2024                2023                    2022*
                                                                                                                        Nominal
                                                                                                                                                      %
                                                                                                                        Amount

Aset Lancar / Current Assets                           5.232              5.028                    4.639                      204                     4,06

Aset Tidak Lancar / Non-Current Assets                 6.533              6.782                    6.498                    (250)                    (3,68)

Total Aset / Total Assets                            11.765             11.810                   11.137                       (46)                   (0,39)

Liabilitas Jangka Pendek /
                                                       4.716              4.755                    4.172                      (39)                   (0,82)
Current Liabilities

Liabilitas Jangka Panjang /
                                                       4.158              5.066                    4.920                     (908)                 (17,93)
Non-Current Liabilities

Total Liabilitas / Total Liabilities                   8.874              9.820                    9.092                    (947)                   (9,64)

Total Ekuitas / Total Equity                           2.891              1.990                    2.045                      901                    45,28

Ekuitas yang Dapat Diatribusikan kepada: / Equity Attributable to:

  Pemilik Entitas Induk – Neto /
                                                       2.628              1.751                    2.006                      878                    50,15
  Owners of the Parent Entity - Net

  Kepentingan Non-Pengendali /
                                                         263                239                        38                       24                   10,04
  Non-Controlling Interests




Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
Consolidated Statement of Profit or Loss and Other Comprehensive Income

                                                                     (dalam miliar Rupiah, kecuali dinyatakan lain / in billions of Rupiah, unless otherwise stated)


                                                                                                                          Pertumbuhan / Growth
                   Uraian                                                                                                      2024-2023
                 Description
                                                     2024                2023                    2022*
                                                                                                                        Nominal
                                                                                                                                                      %
                                                                                                                        Amount

Pendapatan dari Kontrak dengan Pelanggan /
                                                      10.522             10.703                   11.240                      (182)                   (1,70)
Revenue from Contracts with Customers

Beban Pokok Penjualan / Cost of Sales                (7.242)             (7.904)                 (6.936)                      (662)                   (8,38)

Laba Bruto / Gross Profit                              3.280              2.799                    4.304                       481                    17,17

Laba Usaha / Operating Profit                          1.770              1.196                    2.626                       574                    47,99

Laba Sebelum Pajak Penghasilan Badan /
                                                       1.226                552                    1.965                       674                   122,10
Profit Before Corporate Income Tax

Pajak Penghasilan Badan /
                                                       (381)               (208)                    (490)                      173                    83,17
Corporate Income Tax

Laba Tahun Berjalan setelah Efek
Penyesuaian Proforma / Profit for the Year               845                344                    1.475                       501                   145,64
after Effect of Proforma Adjustment




12                                                                                                                                      Laporan Tahunan 2024
Page 15
                                                                                                                                      Kilas Kinerja 2024
                                                                                                                             2024 Performance Highlight




                                                                                                                             Pertumbuhan / Growth
                       Uraian                                                                                                     2024-2023
                     Description
                                                      2024                  2023                    2022   *

                                                                                                                           Nominal
                                                                                                                                                         %
                                                                                                                           Amount

 Efek Penyesuaian Proforma* /
                                                            -                  174                      373                      (174)                (100,00)
 Effect of Proforma Adjustment*

 Laba Tahun Berjalan Sebelum Efek
 Penyesuaian Proforma / Profit for the Year               845                  518                    1.848                       326                    63,13
 Before Effect of Proforma Adjustment

 Penghasilan Komprehensif Lain setelah Pajak /
                                                           59                    (3)                      18                        62               2.066,67
 Other Comprehensive Income, Net of Tax

 Total Laba Komprehensif Tahun Berjalan /
                                                          904                  516                    1.866                       388                    75,19
 Total Comprehensive Income for The Year

 Efek Penyesuaian Proforma atas
 Penghasilan (Rugi) Komprehensif Lain* /
                                                            -                    11                     (43)                      (11)                (100,00)
 Effect of Proforma Adjustment from Other
 Comprehensive Income (Loss)*

 Total Laba Komprehensif Tahun Berjalan
 setelah Penyesuaian Proforma /
                                                          904                  527                    1.823                       377                    71,54
 Total Comprehensive Income for the Year
 after Proforma Adjustment

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

      Pemilik Entitas Induk /
                                                          820                  512                    1.837                       307                    59,99
      Owners of the Parent Entity

      Kepentingan Non-Pengendali /
                                                           25                     6                       11                        19                  316,67
      Non-Controlling Interests

 Laba Komprehensif Tahun Berjalan yang Dapat Diatribusikan kepada: / Comprehensive Income for the Year Attributable to:

      Pemilik Entitas Induk /
                                                          873                  521                    1.814                       352                    67,56
      Owners of the Parent Entity

      Kepentingan Non-Pengendali /
                                                           31                     6                        9                        25                  416,67
      Non-Controlling Interests

 Laba per Saham (Nilai Penuh) /
                                                        86,04                53,78                   192,90                     32,26                    59,99
 Earnings per Share (Full Amount)

 *)
      Terdapat penyajian kembali / restatement




Laporan Arus Kas
Statements of Cash Flows

                                                                        (dalam miliar Rupiah, kecuali dinyatakan lain / in billions of Rupiah, unless otherwise stated)


                                                                                                                             Pertumbuhan / Growth
                       Uraian                                                                                                     2024-2023
                     Description
                                                      2024                 2023*                    2022*
                                                                                                                           Nominal
                                                                                                                                                         %
                                                                                                                           Amount

 Arus Kas dari Aktivitas Operasi /
                                                          607                  624                    2.442                      (17)                     (2,72)
 Cash Flows from Operating Activities

 Arus Kas dari Aktivitas Investasi /
                                                          465               (1.451)                    (710)                   1.916                     132,03
 Cash Flows from Investing Activities

 Arus Kas dari Aktivitas Pendanaan /
                                                      (1.238)                  258                  (1.912)                  (1.496)                   (580,21)
 Cash Flows from Financing Activities

 Kenaikan (Penurunan) Neto Kas dan Setara
 Kas / Net Increase (Decrease) in Cash and              (167)                 (569)                    (180)                    (402)                   (70,65)
 Cash Equivalents




2024 Annual Report                                                                                                                                                 13
Page 16
          PT Sawit Sumbermas Sarana Tbk.




                                                                                                    Pertumbuhan / Growth
                           Uraian                                                                        2024-2023
                         Description
                                                           2024                2023*      2022*
                                                                                                   Nominal
                                                                                                                      %
                                                                                                   Amount

     Dampak Neto Perubahan Nilai Tukar
     atas Kas dan Setara Kas / Net Impact of
                                                              110               (0,9)          2      110           12.222,22
     Exchange Rate Changes on Cash and Cash
     Equivalents

     Kas dan Setara Kas Awal Tahun /
                                                            1.237               1.807      1.985     (570)            (31,52)
     Cash and Bank at Beginning of the Year

     Kas dan Setara Kas Akhir Tahun /
                                                            1.180               1.237      1.807      (57)             (4,61)
     Cash and Bank at End of the Year

     *)
          Terdapat penyajian kembali / restatement




Rasio-Rasio Keuangan Penting
Significant Financial Ratios

                                           Uraian                                Satuan
                                                                                          2024      2023            2022*
                                         Description                              Unit

     Rasio Likuiditas / Liquidity Ratio

     Rasio Lancar / Current Ratio                                                   %     110,95    105,75            111,18

     Rasio Solvabilitas / Solvability Ratio

     Rasio Liabilitas terhadap Total Aset / Debt to Asset Ratio (DAR)               %      75,42     83,15             81,64

     Rasio Liabilitas terhadap Ekuitas / Debt to Equity Ratio (DER)                 %     306,90    493,50            444,72

     Rasio Profitabilitas / Profitability Ratio

     Rasio Margin Laba Kotor / Gross Profit Margin (GPM)                            %      31,17     26,15             38,29

     Rasio Margin Laba Usaha / Operating Profit Margin (OPM)                        %      16,82     11,18             23,36

     Margin Laba Bersih / Net Profit Margin (NPM)                                   %       8,03      4,84             16,44

     Rasio Laba (Rugi) terhadap Total Aset / Return on Assets (ROA)                 %       7,18      4,39             16,59

     Rasio Laba (Rugi) terhadap Ekuitas / Return on Equity (ROE)                    %      29,21     26,05             90,39

     Rasio Laba (Rugi) terhadap Pendapatan/Penjualan / Return on Sales (ROS)        %       8,03      4,84             16,44

*)
     Terdapat penyajian kembali / restatement




     14                                                                                                      Laporan Tahunan 2024
Page 17
                                                                                                               Kilas Kinerja 2024
                                                                                                      2024 Performance Highlight




Grafik Kinerja Keuangan
                                                                               Financial Performance Chart


Pendapatan dari Kontrak dengan Pelanggan                                  Laba Tahun Berjalan setelah Efek Penyesuaian Proforma
Revenue from Contracts with Customers                                     Profit for the Year after Effect of Proforma Adjustment
                              (dalam miliar Rupiah / in billion Rupiah)                                (dalam miliar Rupiah / in billion Rupiah)



                                                      11.240                                                                    1.475

                     10.522       10.703


                                                                                              845


                                                                                                             344




                     2024          2023                2022                                  2024           2023                2022



Laba Bruto                                                                Laba per Saham Dasar
Gross Profit                                                              Basic Earnings per Share
                              (dalam miliar Rupiah / in billion Rupiah)                                (dalam miliar Rupiah / in billion Rupiah)



                                                       4.304                                                                   192,90


                     3.280

                                  2.799
                                                                                             86,04
                                                                                                           53,78




                     2024          2023                2022                                  2024           2023                2022



Aset                                                                      Rasio Lancar
Assets                                                                    Current Ratio
                              (dalam miliar Rupiah / in billion Rupiah)                                                        (dalam % / in %)




                     11.765       11.810              11.137


                                                                                            110,95                             111,18
                                                                                                           105,75




                     2024          2023                2022                                  2024           2023                2022




2024 Annual Report                                                                                                                         15
Page 18
   PT Sawit Sumbermas Sarana Tbk.




Liabilitas                                                                      Rasio Liabilitas terhadap Ekuitas
Liabilities                                                                     Debt to Equity Ratio
                                    (dalam miliar Rupiah / in billion Rupiah)                                                      (dalam % / in %)




                                        9.820
                                                             9.092
                       8.874                                                                                       493,50
                                                                                                                                   444,72

                                                                                                    306,90




                        2024             2023                2022                                       2024        2023            2022



Ekuitas                                                                         Rasio Liabilitas terhadap Aset
Equity                                                                          Debt to Asset Ratio
                                    (dalam miliar Rupiah / in billion Rupiah)                                                      (dalam % / in %)



                       2.891

                                                             2.045
                                        1.990




                                                                                                                    83,15
                                                                                                                                    81,64
                                                                                                    75,42




                        2024             2023                2022                                       2024        2023            2022




Ikhtisar Operasional
                                                                                                Operational Highlights

                               Uraian                                           Satuan
                                                                                             2024               2023               2022*
                             Description                                         Unit

 Volume Produksi / Production Volume

 Tandan Buah Segar / Fresh Fruit Bunches

   Tandan Buah Segar dari Perkebunan Inti /
                                                                                 MT         1.562.446          1.723.170           1.862.561
   Fresh Fruit Bunches from Nucleus Estate

   Tandan Buah Segar dari Perkebunan Plasma /
                                                                                 MT          134.421              94.226              82.960
   Fresh Fruit Bunches from Plasma Estate

   Tandan Buah Segar dari Pihak Ketiga /
                                                                                 MT          488.647            571.063             439.293
   Fresh Fruit Bunches from Third Party

 Total Produksi TBS / Total FFB Productions                                      MT        2.185.514           2.388.459           2.384.814

 Total TBS Olah di Pabrik / Total Processed FFB at the Mills                     MT        2.118.160           2.345.131           2.278.821




16                                                                                                                          Laporan Tahunan 2024
Page 19
                                                                                          Kilas Kinerja 2024
                                                                                 2024 Performance Highlight




                                   Uraian               Satuan
                                                                    2024         2023               2022*
                                 Description             Unit

  Produk Hulu / Upstream Products

   Minyak Kelapa Sawit / Crude Palm Oil                   MT         461.414      518.819             508.094

   Inti Sawit / Palm Kernel                               MT          89.833       99.082              97.019

   Minyak Inti Sawit / Palm Kernel Oil                    MT          20.388       22.327              18.726

 Total Produksi Hulu / Total Upstream Productions         MT        571.635      640.228             623.839

 Produk Hilir / Downstream Products

  RBDPO (Refined Bleached Deodorized Palm Oil)            MT         387.833      746.929             548.556

  RBDP Olein (Refined Bleached Deodorized Palm Olein)     MT         296.405      586.965             400.987

  RBDPS (Refined Bleached Deodorized Palm Stearin)        MT          67.660      137.134              93.109

  PFAD (Palm Fatty Acid Distillate)                       MT          14.659       29.323              27.364

  CPKO (Crude Palm Kernel Oil)                            MT          21.099       24.998              30.765

  PKE (Palm Kernel Expeller)                              MT          28.086       34.448              41.560

 Total Produksi Hilir / Total Downstream Productions      MT        815.742     1.559.797          1.142.341

 Total Produksi / Total Productions                       MT       1.387.377    2.200.025          1.766.180

 Penjualan Produk / Product Sales

 Minyak Kelapa Sawit / Crude Palm Oil                     MT         273.898       24.935              97.519

 Inti Sawit / Palm Kernel                                 MT           1.000        2.997               1.000

 Tandan Buah Segar / Fresh Fruit Bunches                  MT          54.939       43.755             106.341

 RBDPO (Refined Bleached Deodorized Palm Oil)             MT          23.844       23.282              70.532

 RBDP Olein (Refined Bleached Deodorized Palm Olein)      MT         298.372      570.918             384.912

 RBDPS (Refined Bleached Deodorized Palm Stearin)         MT          64.351      142.907              78.851

 PFAD (Palm Fatty Acid Distillate)                        MT          16.061       33.178              26.879

 CPKO (Crude Palm Kernel Oil)                             MT          42.746       48.148              48.244

 PKE (Palm Kernel Expeller)                               MT          28.343       31.772              45.268

 Pillow Pack                                              MT           2.778        1.516               2.787

 Total Penjualan / Total Sales                            MT        806.332      923.408             862.333

 Penjualan / Sales

 Minyak Kelapa Sawit / Crude Palm Oil                   Rp-Juta    3.902.436      330.690           1.324.453

 Inti Sawit / Palm Kernel                               Rp-Juta       10.850       14.908               5.118

 Minyak Inti Sawit / Palm Kernel Oil                    Rp-Juta      775.361      551.908            858.553

 Tandan Buah Segar / Fresh Fruit Bunches                Rp-Juta      154.851      103.152            228.084

 RBDPO (Refined Bleached Deodorized Palm Oil)           Rp-Juta      303.443      293.213           1.274.898

 RBDP Olein (Refined Bleached Deodorized Palm Olein)    Rp-Juta    4.234.383    7.296.891           5.886.001

 RBDPS (Refined Bleached Deodorized Palm Stearin)       Rp-Juta      861.487    1.702.665           1.203.918

 PFAD (Palm Fatty Acid Distillate)                      Rp-Juta      207.172      346.266            387.885

 PKE (Palm Kernel Expeller)                             Rp-Juta       41.568       48.683              57.606

 Pillow Pack                                            Rp-Juta       30.099       15.036              40.703

 Total Penjualan / Total Sales                          Rp-Juta   10.521.650   10.703.412         11.240.219




2024 Annual Report                                                                                              17
Page 20
                             PT Sawit Sumbermas Sarana Tbk.




     Ikhtisar Saham
                                                                                                                                                            Share Highlights

     Informasi Kinerja Saham                                                                                              Stock Performance Information

     Saham Perseroan dengan kode “SSMS” diperdagangkan di                                                                 The Company stocks are traded with ticker code “SSMS” on
     Bursa Efek Indonesia dan memiliki 9.525.000.000 lembar                                                               the Indonesia Stock Exchange with a total of 9,525,000,000
     saham. Pada tahun 2024, saham mencatat harga tertinggi                                                               shares. In 2024, the stock recorded its highest price of Rp1,305
     sebesar Rp1.305,- per lembar dan terendah Rp965,- per lembar.                                                        per share and its lowest of Rp965 per share.


     Harga, Volume, Nilai dan Kapitalisasi Saham
     Share Price, Volume, Value and Capitalization
                                                                                                             Pergerakan Harga Saham
                                                       Jumlah Saham                                           Shares Price Movement                                                  Jumlah
                                                                           Kapitalisasi                                                                         Volume
                                                          Beredar                                                                                                                  Saham yang
                                                                             Pasar            Harga              Harga              Harga        Harga        Perdagangan
                                                         Number of                                                                                                               Diperdagangkan
                                 Periode                                     Market         Pembukaan          Tertinggi           Terendah    Penutupan        Trading
                                                        Outstanding                                                                                                                Total Traded
                                 Period                                   Capitalization     Opening            Highest             Lowest      Closing         Volume
                                                          Shares                                                                                                                      Shares
                                                                                              Price              Price               Price       Price

                                                          Saham             Rp-Juta                                                                                 Saham             Rp-Juta
                                                                                                 Rp                  Rp              Rp             Rp
                                                          Shares           Rp-Million                                                                               Shares           Rp-Million

                                                                                                               2024

                    Triwulan I
                                                        9.525.000.000       10.287.000          1.085               1.175           1.020          1.040          574.045.500            619.969
                    Quarter I
                    Triwulan II
                                                        9.525.000.000        9.870.281          1.045               1.110             965          1.025          490.004.500            507.767
                    Quarter II
                    Triwulan III
                                                        9.525.000.000       10.298.906          1.030               1.175           1.025          1.095          606.659.300            655.950
                    Quarter III
                    Triwulan IV
                                                        9.525.000.000       11.465.719          1.215               1.305             995          1.300          560.151.300            674.282
                    Quarter IV

                                                                                                               2023

                    Triwulan I
                                                        9.525.000.000       15.775.781          1.625               1.750           1.560          1.690          649.241.600          1.149.838
                    Quarter I
                    Triwulan II
                                                        9.525.000.000       13.049.250          1.525               1.535           1.210          1.210          540.023.000            739.832
                    Quarter II
                    Triwulan III
                                                        9.525.000.000       11.430.000          1.230               1.275           1.110          1.185          576.311.900            691.574
                    Quarter III
                    Triwulan IV
                                                        9.525.000.000        9.608.344          1.000               1.055             935          1.045          570.832.100            575.827
                    Quarter IV


     Grafik Pergerakan Saham
     Share Movement Chart

                                         800.000.000                                                                                                                             1.800
Volume Pedagangan Saham (Lembar Saham)




                                         700.000.000                                                                                                                             1.600
      Share Trading Volume (Shares)




                                                                                                                                                                                 1.400
                                         600.000.000
                                                                                                                                                                                               Harga Penutupan (Rp)




                                                                                                                                                                                 1.200
                                                                                                                                                                                                Closing Price (Rp)




                                         500.000.000
                                                                                                                                                                                 1.000
                                         400.000.000
                                                                                                                                                                                 800
                                         300.000.000
                                                                                                                                                                                 600
                                         200.000.000
                                                                                                                                                                                 400

                                         100.000.000                                                                                                                             200

                                                   -                                                                                                                             -
                                                         Triwulan I     Triwulan II   Triwulan III    Triwulan IV     Triwulan I     Triwulan II   Triwulan III    Triwulan IV
                                                                                  2023                                                         2024




            18                                                                                                                                                               Laporan Tahunan 2024
Page 21
                                                                                                              Kilas Kinerja 2024
                                                                                                     2024 Performance Highlight




Aksi Korporasi dan
Aktivitas Perdagangan Saham
                                       Corporate Actions and Stock Trading Activities


Sepanjang tahun 2024, Perseroan tidak melaksanakan aksi            Throughout 2024, the Company performed no corporate action,
korporasi, seperti pemecahan saham, penggabungan saham,            such as stock split, reverse stock, stock dividend, bonus
dividen saham, saham bonus, perubahan nilai nominal saham,         stock, change in shares’ par value, or issuance of convertible
atau penerbitan efek konversi. Selain itu, perdagangan saham       securities. Also, Company’s stocks received no sanction on
Perseroan di Bursa Efek Indonesia bebas dari sanksi, seperti       the Indonesia Stock Exchange, such as temporary suspension
penghentian sementara (suspension) atau penghapusan                or delisting.
pencatatan saham (delisting).




Ikhtisar Obligasi,
Sukuk, atau Obligasi Konversi
                                              Bond, Sukuk, or Convertible Bond Highlights


Pada tahun 2024, Perseroan tidak menerbitkan obligasi, sukuk,      In 2024, the Company issued no bond, sukuk, or convertible
atau obligasi konversi. Obligasi global senilai USD300 juta yang   bond. The US$300 million global bond issued by a Subsidiary,
diterbitkan oleh Entitas Anak, SSMS Plantation Holding Pte Ltd,    SSMS Plantation Holding Pte Ltd, on January 24, 2018, with a
pada 24 Januari 2018, dengan tenor 5 tahun dan bunga 7,75%,        5 years tenor and 7.75% interest, have been fully paid off in early
telah dilunasi sepenuhnya pada awal tahun 2023, sesuai jadwal      2023, in line with its maturity.
jatuh tempo.




Informasi Sumber Pendanaan Lainnya
                                                         Information on Other Funding Sources

Pada tahun 2024, SSMS tidak memperoleh pendanaan                   In 2024, SSMS obtained no additional funding from any parties.
tambahan dari pihak mana pun. Oleh karena itu, tidak terdapat      Thus, there is no information regarding the amount or other
informasi terkait jumlah atau sumber pendanaan lain yang           funding sources that can be presented in this Annual Report.
dapat disajikan dalam Laporan Tahunan ini.




2024 Annual Report                                                                                                                 19
Page 22
   PT Sawit Sumbermas Sarana Tbk.




Kilas Peristiwa 2024
                                                                                                   2024 Event Highlights

                                                Rapat Koordinasi (Rakor) Kerja Sustainability Corporate CBI Group /
 17 Januari / January 2024                      CBI Group Coordination Meeting (Rakor) Corporate Sustainability Work

                                                Sustainability Corporate Citra Borneo Indah        The Corporate Sustainability of Citra Borneo
                                                Group (CBI Group) menggelar Rapat Koordinasi       Indah Group (CBI Group) held a Coordination
                                                (Rakor) di Abdul Rasyid Tower. Kegiatan            Meeting (Rakor) at Abdul Rasyid Tower.
                                                rakor dilaksanakan dalam rangka evaluasi           The meeting was held to evaluate the 2023
                                                kinerja Sustainability tahun 2023 dengan           Sustainability with the theme of Strengthening
                                                tema Strengthening Sustainable Downstream.         Sustainable Downstream. The meeting was
                                                Kegiatan rakor dihadiri Tim Sustainability         attended by Sustainability Team of various
                                                dari berbagai unit bisnis mulai dari sektor        business units, from Plantation, Shipping,
                                                Perkebunan, Perkapalan, Properti serta             Property, to Refinery and Industrial Estate.
                                                Refinery dan Kawasan Industri.




Peringati Hari Bumi, Petani Mandiri SSMS Tanam Pohon Buah Lokal /
SSMS Independent Farmers Commemorate Earth Day with Local Fruit Tree Planting                       22 April 2024
Memperingati Hari Bumi, Tim ICS RSPO Badan      In celebration of Earth Day, the RSPO ICS Team
Usaha Milik Desa (BUMDes BMJ) Berkah Mulya      of the Village-Owned Enterprise (BUMDes)
Jaya yang merupakan petani mandiri binaan       Berkah Mulya Jaya (BMJ), consisting of
SSMS melakukan penanaman pohon buah lokal       SSMS’ independent foster farmers, carried
di wilayah sempadan sungai yang terletak di     out a local fruit tree planting activity along
Sungai Sahara, Desa Mekar Mulya, Kecamatan      the river bank area located on the Sahara
Sematu Jaya, Kabupaten Lamandau.                River, Mekar Mulya Village, Sematu Jaya
                                                District, Lamandau Regency.




                                                Kelompok Pekebun Swadaya Binaan SSMS dan Ecogreen Berikan Pelatihan BMP
  24 April 2024                                 untuk Anggota Baru / SSMS-Fostered Independent Farmers and Ecogreen Provide
                                                BMP Training for New Members

                                                Perkebunan swadaya binaan SSMS dan Ecogreen        SSMS        and     Ecogreen      Oleochemicals’
                                                Oleochemicals yang mengikuti sertifikasi RSPO      independent foster farmers, participating in
                                                melalui BUMDes Berkah Mulya Jaya (BMJ)             RSPO certification through BUMDes Berkah
                                                mendapatkan pelatihan Best Management              Mulya Jaya (BMJ), received Best Management
                                                Practice (BMP) dari Tim ICS RSPO BMJ.              Practice (BMP) training from the RSPO ICS
                                                Pelatihan yang diselenggarakan selama              Team of BMJ. The 2 day training, held at Bina
                                                2 hari di Aula Desa Bina Bakti dan Purwareja       Bakti and Purwareja Village Halls, focused on
                                                ini berfokus pada pengelolaan panen dan pasca      harvest and post-harvest management, weed
                                                panen, pengendalian gulma, serta pemupukan.        control, and fertilization. To enhance the quality
                                                Untuk meningkatkan kualitas pelatihan,             of the training, BMJ invited trainers from SSMS’
                                                BUMDes BMJ menghadirkan trainer dari               Sulung Research Station (SRS).
                                                Sulung Research Station (SRS) SSMS.




RUPS Tahunan dan RUPS Luar Biasa PT Sawit Sumbermas Sarana Tbk /
Annual GMS and Extraordinary GMS PT Sawit Sumbermas Sarana Tbk                                      25 April 2024
Rapat Umum Pemegang Saham Tahunan               The Annual General Meeting of Shareholders
(RUPS Tahunan) dan RUPS Luar Biasa              (AGMS) and Extraordinary General Meeting
diselenggarakan di Financial Hall, Graha CIMB   of Shareholders held at Financial Hall, Graha
Niaga dan dihadiri oleh Pemegang Saham yang     CIMB Niaga and attended by Shareholders
namanya tercatat dalam Daftar Pemegang          whose names are registered in the Company's
Saham Perseroan di Biro Administrasi Efek       List of Shareholders at the Stock Administration
(BAE) PT Datindo Entrycom pada tanggal          Bureau (BAE) PT Datindo Entrycom on
2 April 2024.                                   April 2, 2024.




20                                                                                                                          Laporan Tahunan 2024
Page 23
                                                                                                                                    Kilas Kinerja 2024
                                                                                                                           2024 Performance Highlight




                                                        SSMS Terima Kunjungan Wantannas RI /
 15 Mei / May 2024                                      SSMS Receives a Visit from Wantannas RI

                                                        SSMS menerima kunjungan Tim Dewan                      SSMS hosted a visit from Indonesian National
                                                        Ketahanan      Nasional     (Wantannas)   RI,          Resilience Council (Wantannas RI) to evaluate
                                                        dalam rangka meninjau strategi mitigasi                the strategies for mitigating forest and land
                                                        kesiapsiagaan kebakaran hutan dan lahan                fire preparedness at the SSMS Training and
                                                        (Karhutla) di Kantor Training and Development          Development (T&D) Office.
                                                        (T&D) SSMS.




SSMS Meraih Penghargaan Gold pada Bisnis Indonesia Corporate Social Responsibility
Awards 2024 / SSMS Wins Gold Award at the 2024 Bisnis Indonesia Corporate Social
Responsibility Awards
                                                                                                                27 Juni / June 2024
SSMS meraih penghargaan kategori Gold pada              SSMS won the Gold category at the 2024 Bisnis
Bisnis Indonesia Corporate Social Responsibility        Indonesia Corporate Social Responsibility
Awards (BISRA) 2024 atas keberhasilannya                Awards      (BISRA)     for  the     successful
menjalankan       program     corporate  social         implementation of its superior corporate
responsibility (CSR) unggulan berbasis kearifan         social responsibility (CSR) program based on
lokal untuk meningkatkan kesejahteraan                  local wisdom to improve community welfare.
masyarakat. Pengakuan ini menegaskan                    This recognition affirms SSMS’ commitment to
komitmen SSMS terhadap tanggung jawab                   innovative and sustainable social responsibility.
sosial yang inovatif dan berkelanjutan.




                                                        Pulau Salat Kedatangan Penghuni Baru 2 Individu Orangutan /
   2 Oktober / October 2024                             Salat Island Welcomes 2 New Orangutans

                                                        Perseroan bersama Yayasan Borneo Orangutan             The Company and Borneo Orangutan Survival
                                                        Survival (BOSF) memindahkan 2 orangutan                Foundation (BOSF) relocated 2 rehabilitated
                                                        yang telah direhabilitasi ke Pulau Badak Besar,        orangutans to Badak Besar Island, part of the
                                                        bagian dari Gugusan Pulau Salat, sebagai               Salat Island Archipelago, the final stage prior
                                                        tahap akhir sebelum dilepasliarkan. Dengan             to their release into the wild. With similar
                                                        ekosistem mirip habitat asli, Pulau Salat kini         ecosystem to the natural habitat, Salat Island
                                                        menampung 41 orangutan dan menjadi area                now houses 41 orangutans and is a 2,000
                                                        konservasi seluas 2.000 hektar yang dikelola           hectares conservation area jointly managed by
                                                        bersama Perseroan dan BOSF.                            the Company and BOSF.




Tim Inovator SSMS Boyong Medali Pada Ajang TKMPN XXVIII 2024 /
SSMS Innovation Teams Bring Home Medals at the 28th TKMPN 2024                                                  2-6 Desember / December 2024
SSMS kembali mengikuti Konvensi Inovasi Temu            SSMS once again participated in the 28th National
Karya Mutu dan Produktivitas Nasional (TKMPN)           Quality and Productivity Convention (TKMPN) 2024,
XXVIII tahun 2024 yang berlangsung di Bali Nusa         held at the Bali Nusa Dua Convention Center.
Dua Convention Center. Ajang ini diikuti oleh           The event was attended by 2,445 participants, 230
2.445 peserta, 230 perusahaan, dan 620 tim dari         companies, and 620 teams from various sectors.
berbagai sektor. Tahun ini, TKMPN mengusung             This year, TKMPN carried the theme “Realizing a
tema "Mewujudkan Generasi Emas melalui Green            Golden Generation through Green Innovation and
Innovation dan Productivity." SSMS mengirimkan          Productivity." SSMS sent four innovation teams, all
4 tim inovasi yang berhasil meraih penghargaan:         of whom successfully earned awards:
• Tim ISH Connect (Divisi Sustainability) -             • ISH Connect Team (Sustainability Division) –
    Platinum melalui inovasi “Mempercepat Sistem           Platinum through the innovation of “Accelerating
    Perkembangan Organisasi dan Traceability”;             Organizational Development Systems and
                                                           Traceability”;
• Tim Si-Kepo (Estate Plantation Division) - Platinum   • Si-Kepo (Estate Plantation Division) - Platinum
  melalui inovasi “Meningkatkan Produktivitas              through the innovation of “Improving Productivity
  dalam Digitasi dan Penentuan Kesehatan Pokok             in Digitization and Determination of Principal
  Menggunakan Artificial Intelligent (AI)”;                Health Using Artificial Intelligent (AI)”;
• Tim Smart Think (Sungai Kuning Mill) - Gold           • Smart Think Team (Sungai Kuning Mill) – Gold
  melalui inovasi “Meningkatkan Efisiensi dan              through the innovation of “Improving Efficiency
  Efektivitas Grading”; serta                              and Effectiveness in Grading”; and
• Tim Enviro (Research & Development) - Gold            • Enviro Team (Research & Development) – Gold
  melalui inovasi “Meningkatkan Kapasitas Tanah            through the innovation of “Enhancing Soil
  dan Meretasi Air di Tanah Berpasir”.                     Capacity and Water Retention in Sandy Soils.”




2024 Annual Report                                                                                                                                       21
Page 24
  PT Sawit Sumbermas Sarana Tbk.




Penghargaan dan Sertifikasi
                                                                                     Awards and Certifications


Penghargaan / Awards




                               01                                       02                                03




 01
        Penghargaan Gold - Program Ekonomi Berbasis Kearifan Lokal Masyarakat Pada Ajang Bisnis Indonesia Corporate
        Social Responsibility Awards (BISRA) 2024 / Gold Award – Local Wisdom-Based Community Economic Program
        Bisnis Indonesia Corporate Social Responsibility Awards (BISRA) 2024


         Tanggal Perolehan    27 Juni 2024                                     Award Date            June 27, 2024
         Penyelenggara        Harian Bisnis Indonesia                          Organizer             Bisnis Indonesia Daily
         Penerima             PT Sawit Sumbermas Sarana Tbk (SSMS)             Recipient             PT Sawit Sumbermas Sarana Tbk (SSMS)




 02
        Penghargaan Platinum - Inovasi Meningkatkan Produktivitas dalam Digitasi dan Penentuan Kesehatan Pokok Menggunakan
        Artificial Intelligent (AI) Pada Ajang Temu Karya Mutu dan Produktivitas Nasional (TKMPN) XXVIII 2024 / Platinum Award -
        Innovation to Improve Productivity in Digitizing and Determining Basic Health Using Artificial Intelligent (AI) at the 2024 XXVIII
        National Quality and Productivity Meeting (TKMPN)


         Tanggal Perolehan    2-6 Desember 2024                                Award Date            December 2–6, 2024
         Penyelenggara        Asosiasi Manajemen Mutu dan                      Organizer             Indonesian Association for Quality and
                              Produktivitas Indonesia (AMMPI) dan                                    Productivity Management (AMMPI) and
                              PT Wahana Kendali Mutu                                                 PT Wahana Kendali Mutu Awarded
         Penerima             Tim Si-Kepo (Estate Plantation Division)         Recipient             Si-Kepo Team (Estate Plantation Division,
                              SSMS                                                                   SSMS)




 03
        Penghargaan Platinum - Inovasi Mempercepat Sistem Perkembangan Organisasi dan Traceability Pada Ajang Temu Karya
        Mutu dan Produktivitas Nasional (TKMPN) XXVIII 2024 / Penghargaan Platinum - Inovasi Mempercepat Sistem Perkembangan
        Organisasi dan Traceability Pada Ajang Temu Karya Mutu dan Produktivitas Nasional (TKMPN) XXVIII 2024


         Tanggal Perolehan    2-6 Desember 2024                                Award Date            December 2–6, 2024
         Penyelenggara        Asosiasi Manajemen Mutu dan                      Organizer             Indonesian Association for Quality and
                              Produktivitas Indonesia (AMMPI) dan                                    Productivity Management (AMMPI) and
                              PT Wahana Kendali Mutu                                                 PT Wahana Kendali Mutu Awarded
         Penerima             Tim ISH Connect (Divisi Sustainability)          Recipient             ISH Connect Team (Sustainability Division,
                              SSMS                                                                   SSMS)




22                                                                                                                        Laporan Tahunan 2024
Page 25
                                                                                                                   Kilas Kinerja 2024
                                                                                                          2024 Performance Highlight




                                                 04                                      05




  04
         Penghargaan Gold - Inovasi Meningkatkan Efisiensi dan Efektivitas Grading Pada Ajang Temu Karya Mutu dan Produktivitas
         Nasional (TKMPN) XXVIII 2024 / Gold Award – Innovation to Enhance Grading Efficiency and Effectiveness at the 28th National
         Quality and Productivity Convention (TKMPN) 2024


           Tanggal Perolehan   2-6 Desember 2024                             Award Date           December 2–6, 2024
           Penyelenggara       Asosiasi Manajemen Mutu dan                   Organizer            Indonesian Association for Quality and
                               Produktivitas Indonesia (AMMPI) dan                                Productivity Management (AMMPI) and
                               PT Wahana Kendali Mutu                                             PT Wahana Kendali Mutu Awarded
           Penerima            Tim Smart Think (Sungai Kuning Mill)          Recipient            Smart Think Team (Sungai Kuning Mill)
                               SSMS                                                               SSMS




  05
          Penghargaan Gold - Inovasi Meningkatkan Kapasitas Tanah dan Meretasi Air di Tanah Berpasir Pada Ajang Temu Karya Mutu
          dan Produktivitas Nasional (TKMPN) XXVIII 2024 / Gold Award - Innovation in Improving Soil Capacity and Water Retention in
          Sandy Soil at the XXVIII National Quality and Productivity Meeting 2024


           Tanggal Perolehan   2-6 Desember 2024                             Award Date           December 2–6, 2024
           Penyelenggara       Asosiasi Manajemen Mutu dan Produktivitas     Organizer            Indonesian Association for Quality and
                               Indonesia (AMMPI) dan PT Wahana Kendali                            Productivity Management (AMMPI) and
                               Mutu                                                               PT Wahana Kendali Mutu Awarded
           Penerima            Tim Enviro (Research & Development)           Recipient            Enviro Team (Research & Development)
                               SSMS                                                               SSMS




2024 Annual Report                                                                                                                         23
Page 26
  PT Sawit Sumbermas Sarana Tbk.




Sertifikasi / Certifications

                                                                                                                                                                                                                                                                                                                                                                                                                                        CERTIFICATE
     Certificate Number: SGS-RSPO/PC18-00015                                                                                                                                                          Certificate Number: SGS-RSPO/PC18-00017
                                                                                                                                                                                                                                                                                                                                                                                                                                CU-RSPO SCC-873703
     ID18/04407                                                                                                                                                                                       ID18/04574                                                                                                                                                          Based on an audit according to the requirements stated in the RSPO Supply Chain Certification Systems, version February
                                                                                                                                                                                                                                                                                                                                                                          2020 and a signed contract, Control Union (Malaysia) Sdn Bhd herewith certifies that the facility(s) listed below are found
                                                                                                                                                                                                                                                                                                                                                                           to be in compliance with the RSPO Supply Chain Certification Standard, version February 2020 This guarantees that the
     PT. Sawit Sumbermas Sarana - Sulung Mill                                                                                                                                                         PT. Kalimantan Sawit Abadi - Natai Baru Mill
                                                                                                                                                                                                                                                                                                                                                                           criteria for processing RSPO certified palm oil products through one or more of the supply chain models as stated in the
                                                                                                                                                                                                                                                                                                                                                                                                           RSPO Supply Chain Certification Systems have been met.
     RSPO Membership Number: NA
     RSPO Registered Parent Company: PT Sawit Sumbermas Sarana                                                                                                                                                                                                                                                                                                                     Name certified company                                         PT MITRA MENDAWAI SEJATI – SUAYAP KERNEL CRUSHING PLANT
     RSPO Number Parent Company: 1-0111-07-000-00                                                                                                                                                     RSPO Membership Number: 1-0111-07-000-00                                                                                                                                     Full address certified company                                 DESA UMPANG, KECAMATAN ARUT SELATAN, KABUPATEN
                                                                                                                                                                                                      RSPO Registered Parent Company: PT. Sawit Sumbermas Sarana                                                                                                                                                                                  KOTAWARINGIN BARAT, PROVINCE OF KALIMANTAN TENGAH,
                                                                                                                                                                                                                                                                                                                                                                                                                                                  INDONESIA.
                                                                                                                                                                                                                                                                                                                                                                                   RSPO number (if applicable)                                    -
     Address:
     Sulung Village, Arut Selatan Sub-district, Kotawaringin Barat District, Kalimantan Tengah Province – Indonesia.                                                                                  Address:                                                                                                                                                                     Other sites certified                                              yes    no
                                                                                                                                                                                                      Natai Baru Village, Arut Selatan Sub-district, Kotawaringin Barat District, Kalimantan Tengah Province 74361 – Indonesia                                                     RSPO registered parent company (if                             PT Sawit Sumbermas Sarana Tbk
                                                                                                                                                                                                                                                                                                                                                                                   applicable)
     has been assessed and certified as meeting the requirements of
                                                                                                                                                                                                      has been assessed and certified as meeting the requirements of                                                                                                               RSPO member number parent company                              1-0111-07-000-00
     Indonesia National Interpretation of RSPO Principles
                                                                                                                                                                                                      Indonesia National Interpretation of RSPO Principles
     and Criteria for Sustainable Palm Oil Production 2018                                                                                                                                                                                                                                                                                                                        Scope of Certification
                                                                                                                                                                                                      and Criteria for Sustainable Palm Oil Production 2018                                                                                                                       Receiving and processing RSPO certified PK and sales of RSPO certified CPKO and PKE under module C (mass balance)
     [20 April 2020]
                                                                                                                                                                                                      [20 April 2020]
                                                                                                                                                                                                                                                                                                                                                                                    Certificate Start Date                     15/11/2022
                                                                                                                                                                                                                                                                                                                                                                                    Certificate Expiration Date                14/11/2027
     This guarantees that the criteria for processing RSPO certified oil palm products with the supply chain models of
                                                                                                                                                                                                      This guarantees that the criteria for processing RSPO certified oil palm products with the supply chain models of                                                             Date of first RSPO certification           15/11/2017
     Mass Balance as stated in the RSPO Supply Chain Certification System have been met.
                                                                                                                                                                                                      Mass Balance as stated in the RSPO Principles and Criteria System have been met.                                                                                              Certificate number                          CU-RSPO SCC-873703
                                                                                                                                                                                                                                                                                                                                                                                    Supply chain model                                Identity Preserved (IP)
                                                                                                                                                                                                                                                                                                                                                                                                                                      Segregated (SG)
                                                                                                                                                                                                      This certificate is valid from 06 December 2023 until 05 December 2028 and remains valid subject to satisfactory surveillance audits.                                                                                           Mass Balance (MB)
     This certificate is valid from 19 March 2023 until 18 March 2028 and remains valid subject to satisfactory surveillance audits.                                                                  Issue 02. Certified since 06 December 2018
     Issue 1. Certified since 19 March 2013                                                                                                                                                           Date of Certificate Issue: 19 January 2024
     Date of Certificate Issue: 17 May 2023                                                                                                                                                           Certified activities performed by additional sites are listed on subsequent pages                                                                                             Authorised signatory name                                                                  Issued by
     Certified activities performed by additional sites are listed on subsequent pages                                                                                                                                                                                                                                                                                              Dayangku Mazrianah                                                                         Control Union (Malaysia) Sdn Bhd
                                                                                                                                                                                                                                                                                                                                                                                    Date of issue: 08-12-2022                                                                  B-3-1 Block B, Pusat Perniagaan Prima Klang,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Jalan Kota/KS 1,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                               41000 Klang,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Selangor,
                                                                                                                                                                                                                                                                                                                                                                                    On behalf of the Managing Director                                                         MALAYSIA
                                                                                                                                                                                                                                                                                                                                                                                    Authorised signature                                                                       0060-3-33771600/1700/1277
                                                                                                                                                                                                      Authorised by                                                                                                                                                                                                                                                            certifications@controlunion.com
     Authorised by                                                                                                                                                                                    Waras Putri Andrianti
                                                                                                                                                                                                      KN Director
     Waras Andrianti
     PT SGS Indonesia                                                                                                                                                                                 PT SGS Indonesia                                                                                                                                                     Control Union (Malaysia) Sdn Bhd is accredited by Assurance Services International for certification against voluntary sustainability standards for scope
     The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia                                                                                         The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia                                                             of RSPO Supply Chain Certification on 05-11-2014 (ASI-ACC-069). This certificate including the annex remains the property of Control Union (Malaysia)
     t +6221 2978 0600 - www.sgs.com                                                                                                                                                                  t +6221 2978 0600 - www.sgs.com                                                                                                                                      Sdn Bhd and can be withdrawn in case of terminations as mentioned in the licensee contract, or in case changes or deviations of the above-mentioned
                                                                                                                                                                                                                                                                                                                                                                                   ata occur. The licensee is obliged to inform Control Union (Malaysia) Sdn Bhd immediately of any changes in the above mentioned data.
                                                                                                                                                                                                                                                                                                                                                                                                                                 Only an original and signed certificate is valid.




     This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and                                     This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will
     will be considered as a copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms                                              be considered as a copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and
     and Conditions | SGS. Attention is drawn to he limitation of liability, indemnification and jurisdictional clauses contained therein. This document is                                           Conditions | SGS. Attention is drawn to the limitation of liability, indemnification and jurisdictional clauses contained therein. This document is copyright
     copyright protected and any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful.                                                         protected and any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful.

     Page 1 / 2                                                                                                                                                                                       Page 1 / 2                                                                                                                                                          Certificate version: C873703CU-RSPO SCC-01.2022                                                                                   RSPO 8-0025-06-100-00




                                                                                      01                                                                                         02                                                                                                    03                                                                                                                                                     04                                                                                           05




 01 ROUNDTABLE OF SUSTAINABLE PALM OIL (RSPO)
                                                          Penerbit                                                                                                  PT SGS Indonesia                                                                                                                                                                    Issuer                                                    PT SGS Indonesia
                                                          Lingkup                                                                                                   Pabrik Pengolahan Kelapa Sawit Sulung                                                                                                                                               Scope                                                     Sulung Palm Oil Processing Plant
                                                                                                                                                                    (PT Sawit Sumbermas Sarana Tbk)                                                                                                                                                                                                               (PT Sawit Sumbermas Sarana Tbk)
                                                          Masa Berlaku                                                                                              19 Maret 2023-18 Maret 2028                                                                                                                                                         Validity Period                                           March 19, 2023-March 18, 2028




 02 ROUNDTABLE OF SUSTAINABLE PALM OIL (RSPO)
                                                          Penerbit                                                                                                  PT Mutu Agung Lestari                                                                                                                                                               Issuer                                                    PT Mutu Agung Lestari
                                                          Lingkup                                                                                                   Pabrik Pengolahan Kelapa Sawit Selangkun                                                                                                                                            Scope                                                     Selangkun Palm Oil Processing Plant
                                                                                                                                                                    (PT Sawit Sumbermas Sarana Tbk)                                                                                                                                                                                                               (PT Sawit Sumbermas Sarana Tbk)
                                                          Masa Berlaku                                                                                              7 Januari 2022-6 Januari 2027                                                                                                                                                       Validity Period                                           January 7, 2022-January 6, 2027




 03 ROUNDTABLE OF SUSTAINABLE PALM OIL (RSPO)
                                                          Penerbit                                                                                                  PT SGS Indonesia                                                                                                                                                                    Issuer                                                    PT SGS Indonesia
                                                          Lingkup                                                                                                   Pabrik Pengolahan Kelapa Sawit Natai                                                                                                                                                Scope                                                     Natai Baru Palm Oil Processing Plant
                                                                                                                                                                    Baru (PT Kalimantan Sawit Abadi)                                                                                                                                                                                                              (PT Kalimantan Sawit Abadi)
                                                          Masa Berlaku                                                                                              6 Desember 2018-19 Januari 2024                                                                                                                                                     Validity Period                                           December 6, 2018-January 19, 2024




 04 ROUNDTABLE OF SUSTAINABLE PALM OIL (RSPO)
                                                          Penerbit                                                                                                  PT Control Union                                                                                                                                                                    Issuer                                                    PT Control Union
                                                          Lingkup                                                                                                   Pabrik Pengolahan Kelapa Inti Sawit                                                                                                                                                 Scope                                                     Suayap Palm Kernel Oil Processing Plant
                                                                                                                                                                    (PKO) Suayap (PT Mitra Mendawai Sejati)                                                                                                                                                                                                       (PT Mitra Mendawai Sejati)
                                                          Masa Berlaku                                                                                              15 November 2022-14 November 2027                                                                                                                                                   Validity Period                                           November 15, 2022-November 14, 2027




 05 ROUNDTABLE OF SUSTAINABLE PALM OIL (RSPO)
                                                          Penerbit                                                                                                  PT SGS Indonesia                                                                                                                                                                    Issuer                                                    PT SGS Indonesia
                                                          Lingkup                                                                                                   Pabrik Pengolahan Kelapa Sawit Nanga                                                                                                                                                Scope                                                     Nanga Kiu Palm Oil Processing Plant
                                                                                                                                                                    Kiu (PT Sawit Multi Utama)                                                                                                                                                                                                                    (PT Sawit Multi Utama)
                                                          Masa Berlaku                                                                                              23 Juni 2020-22 Juni 2025                                                                                                                                                           Validity Period                                           June 23, 2020-June 22, 2025




24                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Laporan Tahunan 2024
Page 27
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Kilas Kinerja 2024
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       2024 Performance Highlight




     Certificate Number: SGS-RSPO/PC20-00031                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Certificate Number: SGS-RSPO/PC24-00051
     ID20/0000007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ID24/00000162

     PT Tanjung Sawit Abadi - Malata Mill                                                                                                                                                               Certificate of Registration                                                                                                                                              Certificate of Registration
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             ASOSIASI PETANI KELAPA SAWIT MANDIRI
     RSPO Registered Parent Company: PT Sawit Sumbermas Sarana                                                                                                                                                                                                                                                                                                                   PRODUCTION AND MANAGEMENT SYSTEM
     RSPO Membership Number: 1-0111-07-000-00                                                                                                                                                           PRODUCTION AND MANAGEMENT SYSTEM
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             RSPO Membership Number: 1-0279-19-000-00
                                                                                                                                                                                                                                                                                                                                                                                 This is to certify that
     Address:
                                                                                                                                                                                                        This is to certify that
     Nanga Koring Village, Bulik Timur Subdistrict, Lamandau District, Central Kalimantan Province, 74163 Indonesia                                                                                                                                                                                                                                                             Company Name                                             PT. Menteng Kencana Mas                                                                                             Address:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Kadipi Atas Village, Pangkalan Lada Sub Districts, Kotawaringin Barat Regency, Kalimantan Tengah Province - Indonesia
                                                                                                                                                                                                       Company Name                                             PT Mirza Pratama Putra                                                                                          Management Unit Name                                     Kanamit Mill
     has been assessed and certified as meeting the requirements of                                                                                                                                    Management Unit Name                                     Sumber Cahaya Palm Oil Mill                                                                                     Management Unit Location                                 Kanamit Village, Maliku District, Pulang Pisau Regency, 73564,
     Indonesia National Interpretation of RSPO Principles                                                                                                                                              Management Unit Location                                 Desa Sumber Cahaya, Kecamatan Belantikan Raya, Kebupaten Lamandau,                                                                                                       Kalimantan Tengah Province, Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             has been assessed and certified as meeting the requirements of
                                                                                                                                                                                                                                                                74663 Kalimantan Tengah, Indonesia.                                                                             RSPO Registered Parent Company                           PT Sawit Sumbermas Sarana
     and Criteria for Sustainable Palm Oil Production 2018                                                                                                                                             RSPO Registered Parent Company                           PT Sawit Sumbermas Sarana, Tbk                                                                                  RSPO Membership number                                   1-0111-07-000-00                                                                                                    RSPO INDEPENDENT SMALLHOLDER STANDARD (Milestone B)
     [20 April 2020]                                                                                                                                                                                   RSPO Membership number                                   1-0111-07-000-00                                                                                                                                                                                                                                                                             INDONESIA NATIONAL INTERPRETATION For the Production of
                                                                                                                                                                                                                                                                                                                                                                                 Certificate Number                                      RSPO 793972                                                                                                         Sustainable Palm Oil 2020 Endorsed by the RSPO Board of
                                                                                                                                                                                                        Certificate Number                                      RSPO 759455
     This guarantees that the criteria for processing RSPO certified oil palm products with the supply chain models of                                                                                                                                                                                                                                                           Operates a Production and Management System which complies with the requirements of Indonesia National Interpretation 2020 of                                               Governors on 14 February 2022
     Mass Balance as stated in the RSPO Principles and Criteria Certification System have been met.                                                                                                                                                                                                                                                                              RSPO P&C for Sustainable Palm Oil Production 2018 ; with supply chain Mass Balance for the following scope:
                                                                                                                                                                                                        Operates a Production and Management System which complies with the requirements of Indonesia National Interpretation 2020 of
                                                                                                                                                                                                        RSPO P&C for Sustainable Palm Oil Production 2018 ; with supply chain Mass Balance module for the following scope:                                                                             Production of Sustainable Crude Palm Oil (CPO) and Palm Kernel (PK)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             This guarantees that the criteria for processing RSPO certified oil palm products with the supply chain
     This certificate is valid from 25 June 2020 until 24 June 2025 and remains valid subject to satisfactory surveillance audits.                                                                                            Production of Sustainable Crude Palm Oil (CPO) and Palm Kernel (PK)                                                                                This certificate is in force until further notice, provided that the licensee mentioned in this certificate continues meeting the RSPO                                      models of Identity Preserved as stated in the RSPO Independent Smallholder Standard 2020 have
     Issue 1. Certified since 25 June 2020                                                                                                                                                                                                                                                                                                                                       P&C and certification requirements and the conditions as laid down in the licensee contract with BSI Services Malaysia Sdn. Bhd.
     Date of Certificate Issue: 13 September 2023                                                                                                                                                       This certificate is in force until further notice, provided that the licensee mentioned in this certificate continues meeting the RSPO                                   Based on the annual inspections that BSI Services Malaysia Sdn. Bhd. shall conduct this certificate is updated and kept in force.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             been met
                                                                                                                                                                                                        P&C and certification requirements and the conditions as laid down in the licensee contract with BSI Services Malaysia Sdn. Bhd.
                                                                                                                                                                                                        Based on the annual inspections that BSI Services Malaysia Sdn. Bhd. shall conduct this certificate is updated and kept in force.                                             Issued by                                    BSI Services Malaysia Sdn. Bhd.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             This certificate is valid from 22 October 2024 until 21 October 2029 and remains valid subject to satisfactory surveillance audit
                                                                                                                                                                                                             Issued by                                    BSI Services Malaysia Sdn. Bhd.
                                                                                                                                                                                                                                                                                                                                                                                      Authorised Signature on Behalf                                                                                                                                         Issue 02. Certified since 22 October 2019
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Date of Certificate Issue: 20 November 2024
                                                                                                                                                                                                                                                                                                                                                                                      of BSI
                                                                                                                                                                                                             Authorised Signature on Behalf                                                                                                                                                                                                                                                                                                                  Certified activities performed by additional sites are listed on subsequent pages
                                                                                                                                                                                                             of BSI                                                                                                                                                                   Authorised Signatory Name                    Evelyn Chye, Managing Director
     Authorised by
     Waras Andrianti                                                                                                                                                                                                                                      Todd Redwood, Global Food and Retail Supply Chain Operations and
                                                                                                                                                                                                             Authorised Signatory Name
                                                                                                                                                                                                                                                          Compliance Director
     KN Director
                                                                                                                                                                                                                                                                                                                                                                                 Original Registration Date: 24/06/2024                                                     Effective Date: 24/06/2024
     PT SGS Indonesia                                                                                                                                                                                   Original Registration Date: 10/08/2023                                                     Effective Date: 10/08/2023                                                    Latest Revision Date: 24/06/2024                                                           Expiry Date: 23/06/2029
     The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia                                                                                                                                                                                                                                                                                                                                                                                                                                                Authorised by
     t +6221 2978 0600 - www.sgs.com                                                                                                                                                                    Latest Revision Date: 10/08/2023                                                           Expiry Date: 09/08/2028                                                                                                                                                                                                                                   Waras Putri Andrianti
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             PT SGS Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             t +6221 2978 0600 - www.sgs.com


                                                                                                                                                                                                                                                                                                                                                                                  8-0159-15-100-00

                                                                                                                                                                                                        8-0159-15-100-00


                                                                                                                                                                                                                                                                                                                                                                              This certificate was issued electronically, remains the property of BSI Services Malaysia Sdn. Bhd. and is bound by the conditions of contract.
                                                                                                                                                                                                     This certificate was issued electronically, remains the property of BSI Services Malaysia Sdn. Bhd. and is bound by the conditions of contract.                          Printed copies can be validated by calling telephone +603 9212 9638. Further clarifications regarding the scope of this certificate and the applicability of RSPO
                                                                                                                                                                                                     Printed copies can be validated by calling telephone +603 9212 9638. Further clarifications regarding the scope of this certificate and the applicability of RSPO        Principle & Criteria: 2018 requirements may be obtained by consulting the organization. This certificate is valid only if the provided original copies are in complete
                                                                                                                                                                                                     Principle & Criteria: 2018 requirements may be obtained by consulting the organization. This certificate is valid only if the provided original copies are in complete   set. The British Standards Institution is incorporated by Royal Charter. BSI Services Malaysia Sdn. Bhd. Suite 29.01 Level 29, The Gardens North Tower, Mid Valley
     This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and                                    set. The British Standards Institution is incorporated by Royal Charter. BSI Services Malaysia Sdn. Bhd. Suite 29.01 Level 29, The Gardens North Tower, Mid Valley       City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia, Member of the BSI Group of Companies
     will be considered as a copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms                                             City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia, Member of the BSI Group of Companies                                                                            BSI Services Malaysia Sdn. Bhd. is ISO/IEC 17021-1 and ISO/IEC 17065 accredited; and RSPO Accredited (ASI-ACC-67) since 31/10/2014.
     and Conditions | SGS. Attention is drawn to the limitation of liability, indemnification and jurisdictional clauses contained therein. This document is                                         BSI Services Malaysia Sdn. Bhd. is ISO/IEC 17021-1 and ISO/IEC 17065 accredited; and RSPO Accredited (ASI-ACC-67) since 31/10/2014.                                      PF506 Revision 15 (May 2024)
     copyright protected and any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful.                                                                                                                                                                                                                                                                                                                                                                               Page 1 of 2                      This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be considered as copy.
                                                                                                                                                                                                     PF506 Revision 13 (Jul 2022)                                                                                                                  Page 1 of 2                                                                                                                                                                                               This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions | SGS. Attention is drawn to the limitation of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized alteration, forgery or falsification of the content or
     Page 1 / 2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              appearance of this document is unlawful.




                                                                                      06                                                                                         07                                                                                            08                                                                                                                                                                       09                                                                                                                                                                                               10




  06 ROUNDTABLE OF SUSTAINABLE PALM OIL (RSPO)
                                                                Penerbit                                                                                            PT SGS Indonesia                                                                                                                                                      Issuer                                                                               PT SGS Indonesia
                                                                Lingkup                                                                                             Pabrik Pengolahan Kelapa Sawit Malata                                                                                                                                 Scope                                                                                Malata Palm Oil Processing Plant
                                                                                                                                                                    (PT Tanjung Sawit Abadi)                                                                                                                                                                                                                                   (PT Tanjung Sawit Abadi)
                                                                Masa Berlaku                                                                                        25 Juni 2020-24 Juni 2025                                                                                                                                             Validity Period                                                                      June 25, 2020-June 24, 2025




  07 ROUNDTABLE OF SUSTAINABLE PALM OIL (RSPO)
                                                                Penerbit                                                                                            PT Mutu Agung Lestari                                                                                                                                                 Issuer                                                                               PT Mutu Agung Lestari
                                                                Lingkup                                                                                             Pabrik Pengolahan Kelapa Sawit Suayap                                                                                                                                 Scope                                                                                Suayap Palm Oil Processing Plant
                                                                                                                                                                    (PT Mitra Mendawai Sejati)                                                                                                                                                                                                                                 (PT Mitra Mendawai Sejati)
                                                                Masa Berlaku                                                                                        16 Februari 2016-26 Oktober 2026                                                                                                                                      Validity Period                                                                      February 16, 2016-October 26, 2026




  08 ROUNDTABLE OF SUSTAINABLE PALM OIL (RSPO)
                                                                Penerbit                                                                                            PT BSI Indonesia                                                                                                                                                      Issuer                                                                               PT BSI Indonesia
                                                                Lingkup                                                                                             Pabrik Pengolahan Kelapa Sawit Sumber                                                                                                                                 Scope                                                                                Sumber Cahaya Palm Oil Processing
                                                                                                                                                                    Cahaya (PT Menteng Kencana Mas)                                                                                                                                                                                                                            Plant (PT Menteng Kencana Mas)
                                                                Masa Berlaku                                                                                        10 Agustus 2023-9 Agustus 2028                                                                                                                                        Validity Period                                                                      August 10, 2023-August 9, 2028




  09 ROUNDTABLE OF SUSTAINABLE PALM OIL (RSPO)
                                                                Penerbit                                                                                            PT BSI Indonesia                                                                                                                                                      Issuer                                                                               PT BSI Indonesia
                                                                Lingkup                                                                                             Pabrik Pengolahan Kelapa Sawit Kanamit                                                                                                                                Scope                                                                                Kanamit Palm Oil Processing Plant
                                                                                                                                                                    (PT Menteng Kencana Mas)                                                                                                                                                                                                                                   (PT Menteng Kencana Mas)
                                                                Masa Berlaku                                                                                        24 Juni 2024-23 Juni 2029                                                                                                                                             Validity Period                                                                      June 24, 2023-June 23, 2029




  10 RSPO INDEPENDENT SMALLHOLDER
                                                                Penerbit                                                                                            PT SGS Indonesia                                                                                                                                                      Issuer                                                                               PT SGS Indonesia
                                                                Lingkup                                                                                             Perkebunan Kelapa Sawit Petani Swadaya                                                                                                                                Scope                                                                                Independent Smallholder of Palm Oil Plantations
                                                                                                                                                                    di Asosiasi Petani Kelapa Sawit Mandiri                                                                                                                                                                                                                    in Independent Palm Oil Farmers Association
                                                                Masa Berlaku                                                                                        22 Oktober 2024-21 Oktober 2029                                                                                                                                       Validity Period                                                                      October 22, 2024-October 21, 2029




2024 Annual Report                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       25
Page 28
 PT Sawit Sumbermas Sarana Tbk.




       Certificate Number: SGS-RSPO/PC24-00050                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          SERTIFIKAT ISPO
       ID24/00000264
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Sertifikat ini diberikan kepada :
       BUM Desa Berkah Mulya Jaya Mekar Mulya
       RSPO Membership Number: 1-0434-23-000-00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   PT SAWIT SUMBERMAS SARANA
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Alamat :
       Address:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Head Office                 :   Jl. H. Udan Said No 47 Pangkalan Bun, Kelurahan Baru,
       Mekar Mulya Village, Sematu Jaya Subdistrict, Lamandau District, Kalimantan Tengah Province, Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Provinsi Kalimantan Tengah 74113
       has been assessed and certified as meeting the requirements of                                                                                                                                                                                                                                                                                                                                                                                                                                                               Site Office                 : Desa Sulung dan Desa Natai Baru, Rangda, Rungun
       RSPO INDEPENDENT SMALLHOLDER STANDARD                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Kondang,    Kecamatan        Arut   Selatan,  Kabupaten
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Kotawaringin Barat, Provinsi Kalimantan Tengah
       (Milestone B) INDONESIA NATIONAL INTERPRETATION
       For the Production of Sustainable Palm Oil 2020 Endorsed by
       the RSPO Board of Governors On 14 February 2022
                                                                                                                                                                                                                                                               SERTIFIKATISPO                                                                                                                                           SERTIFIKATISPO                                                                                            Telah dilakukan penilaian dan dinyatakan memenuhi persyaratan dalam
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Peraturan Menteri Pertanian Nomor 38 Tahun 2020 Tentang Penyelenggaraan
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Sertifikasi Perkebunan Kelapa Sawit berkelanjutan Indonesia (ISPO) –
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Lampiran I

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Unit yang disertifikasi :
       This guarantees that the criteria for processing RSPO certified oil palm products with the supply
       chain models of Identity Preserved as stated in the RSPO Independent Smallholder Standard                                                                                                                                                                                                                                                                                                                                                                                                                                   Kebun             : 8 (Delapan) Kebun PT Sawit Sumbermas Sarana Seluas
       2020 have been met                                                                                                                                                                                                                                            Sertifikat ini diberikan kepada                                                                                                                           Sertifikat ini diberikan kepada                                                                                         16.984,82 Ha di Desa Sulung, Desa Kondang, Desa Rungun,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Desa Rangda dan Desa Natai Baru, Kecamatan Arut Selatan,
                                                                                                                                                                                                                                                            PT. SAWIT MULTI UTAMA                                                                                                                                  PT. TANJUNG SAWIT ABADI                                                                                                             Kabupaten Kotawaringin Barat, Provinsi Kalimantan Tengah
       This certificate is valid from 14 July 2023 until 13 July 2028 and remains valid subject to satisfactory surveillance audits.
       Issue 01. Certified since 14 July 2023
                                                                                                                                                                                                                                                                                 Alamat Kantor Pusat :                                                                                                                                    Alamat Kantor Pusat :                                                                    Pabrik            : 2 (Dua) Pabrik dengan Kapasitas 90 Ton TBS/Jam di Desa Sulung
       Date of Certificate Issue: 26 September 2024                                                                                                                                                                             Jalan Haji Udan Said. No. 47, Kec. Arut Selatan Kabupaten Kotawaringin Barat, Provinsi Kalimantan Tengah, Indonesia                                       Jalan Haji Udan Said. No. 47, Kec. Arut Selatan Kabupaten Kotawaringin Barat, Provinsi Kalimantan Tengah, Indonesia                                          dan Desa Rangda, Kecamatan Arut Selatan, Kabupaten
       Certified activities performed by additional sites are listed on subsequent pages
                                                                                                                                                                                                                                      Telah Memenuhi Peraturan Menteri Pertanian Nomor 11/Permentan/OT.140/3/2015                                                                                Telah Memenuhi Peraturan Menteri Pertanian Nomor 11/Permentan/OT.140/3/2015                                                                           Kotawaringin Barat, Provinsi Kalimantan Tengah
                                                                                                                                                                                                                                                                           Tentang                                                                                                                                                    Tentang
                                                                                                                                                                                                                               Sistem Sertifikasi Kelapa Sawit Berkelanjutan Indonesia (Indonesian Sustainable Palm Oil/ISPO)                                                             Sistem Sertifikasi Kelapa Sawit Berkelanjutan Indonesia (Indonesian Sustainable Palm Oil/ISPO)                                           Model Rantai Pasok : Massbalance
                                                                                                                                                                                                                                                           Melalui Skema Penilaian Sertifikasi Mutu                                                                                                                   Melalui Skema Penilaian Sertifikasi Mutu
                                                                                                                                                                                                                                                                            Unit yang disertifikasi:                                                                                                                                  Unit yang disertifikasi:
       Authorised by                                                                                                                                                                                                                        Kebun: Estate Nanga Kiu, Estate Merambang, Estate Sepondam & Estate Batu Tunggal                                                                                       Kebun: Estate Malata, Estate Nanuah & Estate Sungai Bulik
       Waras Andrianti                                                                                                                                                                                                                                        Pabrik: Pabrik Minyak Kelapa Sawit Nanga Kiu                                                                                                                 Pabrik: Pabrik Minyak Kelapa Sawit Malata                                                               Tanggal Penerbitan Sertifikat : 15 Desember 2022                               Nomor Sertifikat : SPO.22042.TSI
       PT SGS Indonesia                                                                                                                                                                                         Desa Nangakoring, Desa Sungkup, Desa Sepondam, Desa Pedongatan, Desa Merambang, Kec. Bulik Timur & Kec. Mentobi Raya, Kab. Lamandau, Provinsi                      Desa Sungkup, Desa Malata, Desa Nanuah, Desa Topalang, Desa Batu Ampar, Kec. Bulik Timur & Kec. Mentobi Raya, Kab. Lamandau,
       The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia                                                                                                                                                        Kalimantan Tengah, Indonesia                                                                                                                                                                                                                                Tanggal Berakhir Sertifikat                 : 14 Desember 2027
       t +6221 2978 0600 - www.sgs.com                                                                                                                                                                                                                                                                                                                                                                                           Provinsi Kalimantan Tengah, Indonesia

                                                                                                                                                                                                                                                                                                                            Nomor Sertifikat         : SGS-ID-ISPO-0041
                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Nomor Sertifikat        : SGS-ID-ISPO-0042
                                                                                                                                                                                                                                                                                                                            Ditetapkan Tanggal       : 12 Agustus 2020                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Ditetapkan Tanggal       : 12 Agustus 2020
                                                                                                                                                                                                                                                                                                                          Berakhir Tanggal         : 11 Agustus 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Berakhir Tanggal         : 11 Agustus 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                                                                           : SGS-ID-ISPO-0033                                                                                                         
                                                                                                                                                                                                                                                                                    JOHNNY KOE                                                                                                                                                                                       : SGS-ID-ISPO-0033                               Nungky Awang Chandra
                                                                                                                                                                                                                                                                                                                                                                                                                                              JOHNNY KOE
                                                                                                                                                                                                                                                                        Certification Business Enhancement Manager              Ditetapkan Tanggal                                                                                Certification Business Enhancement Manager                                                               Direktur Utama
                                                                                                                                                                                                                                                                                      PT. SGS Indonesia                                                                                                                                         PT. SGS Indonesia                        Ditetapkan Tanggal
                                                                                                                                                                                                                                                         The Garden Center 2nd Floor, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia                                                                              The Garden Center 2nd Floor, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
                                                                                                                                                                                                                                                                        Tel. +6221 29780600; Fax. +6221 29780678                : 12 Agustus 2020                                                                                 Tel. +6221 29780600; Fax. +6221 29780678                                                         Sertifikat dapat diperiksa secara online : 021-74775110 atau www.tsicertification.com atau Email : info@tsicertification.co.id
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         : 12 Agustus 2020
                                                                                                                                                                                                                                                                                      LS-P&K-007-ISPO                                                                                                                                           LS-P&K-007-ISPO                                                                    PT TSI Sertifikasi Internasional – Ad Premiere, Lantai 16 Jl. TB Simatupang Nomor 5, Kelurahan Ragunan, Kecamatan Pasar

                                                                                                                                                                                                                                                                                                                           Berakhir Tanggal                                                                                                                                                                                                                              Minggu, Jakarta Selatan 12550, DKI Jakarta
       This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be considered as copy.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Berakhir Tanggal
       This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions | SGS. Attention is drawn to the limitation of
                                                                                                                                                                                                               www.SGS.co.id                                                                                                               WHEN YOU NEED TO BE SURE       www.SGS.co.id                                                                                                              WHEN YOU NEED TO BE SURE        1/3                                                                                                              F-CM-14 Rev.4
       liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized alteration, forgery or falsification of the content or
                                                                                                                                                                                                                                                                                                                            : 11 Agustus 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     : 11 Agustus 2025
       appearance of this document is unlawful.                                                                                                                                                                                                                                                                             
       This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be considered as a copy.




                                                                                                    11                                                                                                                                                                              12                                                                                                                                                        13                                                                                                                                                  14




 11 RSPO INDEPENDENT SMALLHOLDER
             Penerbit                                                                                                                                                                               PT SGS Indonesia                                                                                                                                                              Issuer                                                                                              PT SGS Indonesia
             Lingkup                                                                                                                                                                                Perkebunan Kelapa Sawit Pekebun                                                                                                                                               Scope                                                                                               Independent Smallholder of Palm Oil
                                                                                                                                                                                                    Swadaya di Bumdes Berkah Mulya Jaya                                                                                                                                                                                                                                               Plantations in Bumders Berkah Mulya Jaya
             Masa Berlaku                                                                                                                                                                           14 Juli 2023-13 Juli 2028                                                                                                                                                     Validity Period                                                                                     July 14, 2023-July 13, 2028




 12 INDONESIA SUSTAINABLE PALM OIL (ISPO) INTI
             Penerbit                                                                                                                                                                               PT SGS Indonesia                                                                                                                                                              Issuer                                                                                              PT SGS Indonesia
             Lingkup                                                                                                                                                                                PT Sawit Multi Utama (SMU)                                                                                                                                                    Scope                                                                                               PT Sawit Multi Utama (SMU)
             Masa Berlaku                                                                                                                                                                           12 Agustus 2020-11 Agustus 2025                                                                                                                                               Validity Period                                                                                     August 12, 2020-August 11, 2025




 13 INDONESIA SUSTAINABLE PALM OIL (ISPO) INTI
             Penerbit                                                                                                                                                                               PT SGS Indonesia                                                                                                                                                              Issuer                                                                                              PT SGS Indonesia
             Lingkup                                                                                                                                                                                PT Tanjung Sawit Abadi (TSA)                                                                                                                                                  Scope                                                                                               PT Tanjung Sawit Abadi (TSA)
             Masa Berlaku                                                                                                                                                                           12 Agustus 2020-11 Agustus 2025                                                                                                                                               Validity Period                                                                                     August 12, 2020-August 11, 2025




 14 INDONESIA SUSTAINABLE PALM OIL (ISPO) INTI
             Penerbit                                                                                                                                                                               PT TSI Sertifikasi Internasional                                                                                                                                              Issuer                                                                                              PT TSI Sertifikasi Internasional
             Lingkup                                                                                                                                                                                PT Sawit Sumbermas Sarana Tbk                                                                                                                                                 Scope                                                                                               PT Sawit Sumbermas Sarana Tbk
             Masa Berlaku                                                                                                                                                                           15 Desember 2022-14 Desember 2027                                                                                                                                             Validity Period                                                                                     December 15, 2022-December 14, 2027




26                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Laporan Tahunan 2024
Page 29
                                                                                                                                                                                                                                                                                                                                Kilas Kinerja 2024
                                                                                                                                                                                                                                                                                                                       2024 Performance Highlight




                                SERTIFIKAT ISPO                                                                                                                       SERTIFIKAT ISPO
                                                   Sertifikat ini diberikan kepada :                                                                                                     Sertifikat ini diberikan kepada :


                   PT KALIMANTAN SAWIT ABADI                                                                                                             PT MITRA MENDAWAI SEJATI
            Alamat :
                                                                                                                                                  Alamat :
            Head Office                 : Jl. H. Udan Said No 47 Pangkalan Bun, Kelurahan Baru,
                                                                                                                                                  Head Office                 :   Jl. H. Udan Said No 47 Pangkalan Bun, Kelurahan Baru,
                                          Kecamatan      Arut Selatan, Kabupaten Kotawaringin Barat
                                                                                                                                                                                  Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat
                                          Provinsi Kalimantan Tengah 74113
                                                                                                                                                                                  Provinsi Kalimantan Tengah 74113
            Site Office                 : Desa Natai Baru Kecamatan Arut Selatan dan Desa Rungun
                                                                                                                                                  Site Office                 :   Desa Umpang, Kecamatan Arut Selatan, Kabupaten
                                          Kecamatan Kotawaringin Lama, Kabupaten Kotawaringin
                                                                                                                                                                                  Kotawaringin Barat, Propinsi Kalimantan Tengah
                                          Barat, Provinsi Kalimantan Tengah
                                                                                                                                                  Telah dilakukan penilaian dan dinyatakan memenuhi persyaratan dalam
            Telah dilakukan penilaian dan dinyatakan memenuhi persyaratan dalam                                                                   Peraturan Menteri Pertanian Nomor 38 Tahun 2020 Tentang Penyelenggaraan
            Peraturan Menteri Pertanian Nomor 38 Tahun 2020 Tentang Penyelenggaraan                                                               Sertifikasi Perkebunan Kelapa Sawit berkelanjutan Indonesia (ISPO) –
            Sertifikasi Perkebunan Kelapa Sawit berkelanjutan Indonesia (ISPO) –                                                                  Lampiran I
            Lampiran I
                                                                                                                                                 Unit yang disertifikasi :
           Unit yang disertifikasi :
                                                                                                                                                 Kebun             : 2 (Dua) Kebun PT Mitra Mendawai Sejati seluas 8.921,38 Ha
           Kebun             : 2 (Dua) Kebun PT Kalimantan Sawit Abadi seluas 4.442,76 Ha                                                                            di Desa Umpang, Kecamatan Arut Selatan, Kabupaten
                              di Desa Natai Baru, Kecamatan Arut Selatan dan Desa Rungun,                                                                            Kotawaringin Barat, Provinsi Kalimantan Tengah
                               Kecamatan Kotawaringin Lama, Kabupaten Kotawaringin Barat,
                              Provinsi Kalimantan Tengah                                                                                         Pabrik            : 1 (Satu) Pabrik dengan Kapasitas 60 Ton TBS/Jam di Desa Umpang,
                                                                                                                                                                     Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat, Provinsi
           Pabrik            : 1 (Satu) Pabrik dengan Kapasitas 90 Ton TBS/Jam di Desa Natai Baru,                                                                   Kalimantan Tengah
                               Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat, Provinsi
                               Kalimantan Tengah                                                                                                 Model Rantai Pasok : Massbalance

           Model Rantai Pasok : Mass Balance

                                                                                                                                                 Tanggal Penerbitan Sertifikat : 15 Desember 2022                               Nomor Sertifikat : SPO.22041.TSI
           Tanggal Penerbitan Sertifikat : 15 Desember 2022                               Nomor Sertifikat : SPO.22040.TSI
                                                                                                                                                 Tanggal Berakhir Sertifikat                 : 14 Desember 2027
           Tanggal Berakhir Sertifikat                 : 14 Desember 2027




              Nungky Awang Chandra                                                                                                                  Nungky Awang Chandra
                   Direktur Utama                                                                                                                        Direktur Utama

           Sertifikat dapat diperiksa secara online : 021-74775110 atau www.tsicertification.com atau Email : info@tsicertification.co.id        Sertifikat dapat diperiksa secara online : 021-74775110 atau www.tsicertification.com atau Email : info@tsicertification.co.id
           PT TSI Sertifikasi Internasional – Ad Premiere, Lantai 16 Jl. TB Simatupang Nomor 5, Kelurahan Ragunan, Kecamatan Pasar               PT TSI Sertifikasi Internasional – Ad Premiere, Lantai 16 Jl. TB Simatupang Nomor 5, Kelurahan Ragunan, Kecamatan Pasar
                                                   Minggu, Jakarta Selatan 12550, DKI Jakarta                                                                                            Minggu, Jakarta Selatan 12550, DKI Jakarta

             1/2                                                                                                              F-CM-14 Rev.4        1/2                                                                                                              F-CM-14 Rev.4




                                                                          15                                                                                                                                    16                                                                            17                                 18




  15 INDONESIA SUSTAINABLE PALM OIL (ISPO) INTI
           Penerbit                                                                                                             PT TSI Sertifikasi Internasional                                                                                                                    Issuer            PT TSI Sertifikasi Internasional
           Lingkup                                                                                                              PT Kalimantan Sawit Abadi (KSA)                                                                                                                     Scope             PT Kalimantan Sawit Abadi (KSA)
           Masa Berlaku                                                                                                         15 Desember 2022-14 Desember 2027                                                                                                                   Validity Period   December 15, 2022-December 14, 2027




  16 INDONESIA SUSTAINABLE PALM OIL (ISPO) INTI
           Penerbit                                                                                                             PT TSI Sertifikasi Internasional                                                                                                                    Issuer            PT TSI Sertifikasi Internasional
           Lingkup                                                                                                              PT Mitra Mendawai Sejati (MMS)                                                                                                                      Scope             PT Mitra Mendawai Sejati (MMS)
           Masa Berlaku                                                                                                         15 Desember 2022-14 Desember 2027                                                                                                                   Validity Period   December 15, 2022-December 14, 2027




  17 INDONESIA SUSTAINABLE PALM OIL (ISPO) PLASMA
           Penerbit                                                                                                             PT TSI Sertifikasi Internasional                                                                                                                    Issuer            PT TSI Sertifikasi Internasional
           Lingkup                                                                                                              Koperasi Jasa Kondang Maju Bersama                                                                                                                  Scope             Kondang Maju Bersama Service Cooperative
                                                                                                                                (Kebun Plasma PT Kalimantan Sawit Abadi)                                                                                                                              (PT Kalimantan Sawit Abadi Plasma Plantation)
           Masa Berlaku                                                                                                         19 September 2024-18 September 2029                                                                                                                 Validity Period   September 19, 2024-September 18, 2029




  18 INDONESIA SUSTAINABLE PALM OIL (ISPO) PLASMA
           Penerbit                                                                                                             PT TSI Sertifikasi Internasional                                                                                                                    Issuer            PT TSI Sertifikasi Internasional
           Lingkup                                                                                                              Koperasi Jasa Nuangan Kasuma Jaya                                                                                                                   Scope             Nuangan Kasuma Jaya Service Cooperative
                                                                                                                                (Kebun Plasma PT Mirza Pratama Putra)                                                                                                                                 (PT Mirza Pratama Putra Plasma Plantation)
           Masa Berlaku                                                                                                         10 Desember 2024-9 Desember 2029                                                                                                                    Validity Period   December 10, 2024-December 9, 2029




2024 Annual Report                                                                                                                                                                                                                                                                                                                                    27
Page 30
 PT Sawit Sumbermas Sarana Tbk.




                                                                                                                                                                                                                                                                                                                                                                                                                                            REGISTRATION
                           Certificate of Registration                                                                                                            Certificate of Registration                                                                                                             Certificate of Registration
                                                                                                                                                                                                                                                                                                                                                                                                                                             CERTIFICATE
                                        (Environmental Management System)                                                                                                      (Quality Management System)                                                                                         (Occupational Health & Safety Management System)                                                                                                  This is to certify that the Human Rights Management System of

                                QFS MANAGEMENT SYSTEMS LLP                                                                                                    QFS MANAGEMENT SYSTEMS LLP                                                                                                                   QFS MANAGEMENT SYSTEMS LLP
                     This is to Certify that the Environmental Management System of
                                                                                                                                                                                                                                                                                                                                                                                                                                                               PT Sawit Sumbermas Sarana Tbk.
                                                                                                                                                  This is to Certify that the Quality Management System of                                                                             This is to Certify that the Occupational Health & Safety Management System of
                      PT SAWIT SUMBERMAS SARANA, TBK                                                                                                       PT SAWIT SUMBERMAS SARANA, TBK                                                                                                            PT SAWIT SUMBERMAS SARANA, TBK                                                                                                                                      has been assessed by PT AJA Sertifikasi Indonesia
                   JL. H. UDAN SAID NO. 47, KEL. BARU, KEC. ARUT SELATAN, KAB.                                                                                                                                                                                                                                                                                                                                                                                                  and registered against the requirements of
                                                                                                                                                        JL. H. UDAN SAID NO. 47, KEL. BARU, KEC. ARUT SELATAN, KAB.                                                                                JL. H. UDAN SAID NO. 47, KEL. BARU, KEC. ARUT SELATAN, KAB.
                  KOTAWARINGIN BARAT - KALIMANTAN TENGAH, INDONESIA 74113                                                                              KOTAWARINGIN BARAT - KALIMANTAN TENGAH, INDONESIA 74113                                                                                    KOTAWARINGIN BARAT - KALIMANTAN TENGAH, INDONESIA 74113
         is in accordance with the requirement of the Environmental Management System Standard detailed below                                                                                                                                                                         is in accordance with the requirement of the Occupational Management System Standard detailed below
                                                                                                                                               Has been found to be of the Quality Management System Standard                                                                                                                                                                                                                    BUSINESS AND HUMAN RIGHTS INTERNATIONAL
                                              ISO 14001:2015                                                                                                                                                                                                                                                                    ISO 45001:2018                                                                                   STANDARDS FOR CERTIFICATION (BHRISC 2011)
                                                                                                                                                                                      ISO 9001:2015
          This certificate is valid for the following product or service range                                                                                                                                                                                                           This certificate is valid for the following product or service range                                                                                                                       endorsed by FIHRRST on April 6, 2015
                    MANUFACTURING AND SUPPLY OF CRUDE, KERNEL PALM OIL & RELATED                                                               This certificate is valid for the following product or service range                                                                                 MANUFACTURING AND SUPPLY OF CRUDE, KERNEL PALM OIL & RELATED
                                       SUPPORTING FACILITIES.                                                                                                                                                                                                                                                         SUPPORTING FACILITIES.
                                                            IAF Code: 03 & 35                                                                            SUPPLY OF OIL PALM, CRUDE AND KERNEL PALM OIL MILLS AND RELATED                                                                                                                   IAF Code: 03 & 35
                                                                                                                                                                              SUPPORTING FACILITIES.
          Certificate Number: SCC/INT/2310PA/3095                                      Current Issue Date: 17.09.2024                                                                            IAF Code: 29 & 35                                                                      Certificate Number: SCC/INT/2310PA/3096                                                                                                                       AJA/18/BHRISC/0002                                                                       26th September 2018
                                                                                                                                                                                                                                                                                                                                                                       Current Issue Date: 17.09.2024
                                                                                                                                                                                                                                                                                                                                                                                                                                                               Certificate No.                                                          Date of Original Registration
          Initial Date of Certification: 13.10.2023                             Re-certification Due on: 12.10.2026                             Certificate Number: SCC/INT/2310PA/3094                                        Current Issue Date: 17.09.2024                           Initial Date of Certification: 13.10.2023                              Re-certification Due on: 12.10.2026

                                                                                                                                                Initial Date of Certification: 13.10.2023                              Re-certification Due on: 12.10.2026
          2nd Surveillance Audit Due Date: 12.09.2025                                                                                                                                                                                                                                   2nd Surveillance Audit Due Date: 12.09.2025                                                                                                                    25th September 2024                                                                     25th September 2021
          Date of Expiry: 12.10.2025                                                                                                            2nd Surveillance Audit Due Date: 12.09.2025                                                                                             Date of Expiry: 12.10.2025                                                                                                                                               Date of Expiry                                                                Date of Re-Registration

                                                                                                                                                Date of Expiry: 12.10.2025

                                                                                                                    SCC Accredited                                                                                                                         SCC Accredited                                                                                                                           SCC Accredited
                                                                                                                     CB-MS 08073                                                                                                                            CB-MS 08073                                                                                                                              CB-MS 08073
          Director:                              Date: 17.09.2024                                                                               Director:                              Date: 17.09.2024                                                                                 Director:                               Date: 17.09.2024
         The validity of certificate is subject to regular surveillance audit on or before above mentioned dates and its only valid            The validity of certificate is subject to regular surveillance audit on or before above mentioned dates and its only valid               The validity of certificate is subject to regular surveillance audit on or before above mentioned dates and its only valid
         after successful surveillance with continuation letter issued by QFS. It is issued subject to the continued availability of           after successful surveillance with continuation letter issued by QFS. It is issued subject to the continued availability of              after successful surveillance with continuation letter issued by QFS. It is issued subject to the continued availability of
         access at any time and without notice to the above named organization's premises for the purpose of assessment                        access at any time and without notice to the above named organization's premises for the purpose of assessment                           access at any time and without notice to the above named organization's premises for the purpose of assessment
         and surveillance regarding the standard named above and QFS terms and conditions.                                                     and surveillance regarding the standard named above and QFS terms and conditions.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Lillian Kallman
                                                                                                                                                                                                                                                                                        and surveillance regarding the standard named above and QFS terms and conditions.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Director

                                                                            QFS MANAGEMENT SYSTEMS LLP                                                                                                            QFS MANAGEMENT SYSTEMS LLP                                                                                                               QFS MANAGEMENT SYSTEMS LLP
                                                                                                A-27/H, Sector-16, Noida-201301, U.P., India                                                                                           A-27/H, Sector-16, Noida-201301, U.P., India                                                                                             A-27/H, Sector-16, Noida-201301, U.P., India
                                                                                                                     www.qfscerts.com                                                                                                                        www.qfscerts.com                                                                                                                         www.qfscerts.com
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               The partial reproduction of this document is not permitted.
                                                                                                                                                                                                                                                                                                                                                                                                                               This certificate is the property of PT AJA Sertifikasi Indonesia and must be returned on request to the address: Jl. Majapahit No. 10, Petojo Selatan, Jakarta Pusat 10160 – Indonesia
                                                                                                            email: admin@qfscerts.com                                                                                                               email: admin@qfscerts.com                                                                                                                email: admin@qfscerts.com

                    Accredited by Standards Council of Canada
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            www.ajaindonesia.com



                                     55 METCALFE STREET, SUITE 600, OTTAWA, ON K1P 6L5 CANADA
                                                                                                                                                          Accredited by Standards Council of Canada                                                                                                Accredited by Standards Council of Canada
                                                                                                                                                                           55 METCALFE STREET, SUITE 600, OTTAWA, ON K1P 6L5 CANADA




                                                              19                                                                                                                                    20                                                                                                                                       21                                                                                                                                                              22




 19 ISO 14001:2015 ((SISTEM MANAJEMEN LINGKUNGAN / ENVIRONMENTAL MANAGEMENT SYSTEM))
        Penerbit                                                                                                    QFS Management System LLP                                                                                                                                         Issuer                                                                                                        QFS Management System LLP
        Lingkup                                                                                                     Perkebunan Kelapa Sawit, Pabrik Minyak                                                                                                                            Scope                                                                                                         Palm Oil Plantations, Palm Oil Mills,
                                                                                                                    Sawit, dan Pengolahan Biji Sawit serta                                                                                                                                                                                                                                          and Palm Kernel Processing and Other
                                                                                                                    Fasilitas Pendukung Lainnya:                                                                                                                                                                                                                                                    Supporting Facilities:
                                                                                                                    PT Sawit Sumbermas Sarana Tbk                                                                                                                                                                                                                                                   PT Sawit Sumbermas Sarana Tbk
        Masa Berlaku                                                                                                13 Oktober 2023-12 Oktober 2025                                                                                                                                   Validity Period                                                                                               October 13, 2023-October 12, 2025




 20 ISO 9001:2015 (SISTEM MANAJEMEN MUTU/ QUALITY MANAGEMENT SYSTEM)
        Penerbit                                                                                                    QFS Management System LLP                                                                                                                                         Issuer                                                                                                       QFS Management System LLP
        Lingkup                                                                                                     PT Sawit Sumbermas Sarana Tbk                                                                                                                                     Scope                                                                                                        PT Sawit Sumbermas Sarana Tbk
        Masa Berlaku                                                                                                13 Oktober 2023-12 Oktober 2025                                                                                                                                   Validity Period                                                                                              October 13, 2023-October 12, 2025




 21 ISO 45001: 2018 (SISTEM MANAJEMEN KESEHATAN DAN KESEHATAN KERJA / OCCUPATIONAL HEALTH
    AND SAFETY MANAGEMENT SYSTEM)


        Penerbit                                                                                                    QFS Management System LLP                                                                                                                                         Issuer                                                                                                       QFS Management System LLP
        Lingkup                                                                                                     PT Sawit Sumbermas Sarana Tbk                                                                                                                                     Scope                                                                                                        PT Sawit Sumbermas Sarana Tbk
        Masa Berlaku                                                                                                13 Oktober 2023-12 Oktober 2025                                                                                                                                   Validity Period                                                                                              October 13, 2023-October 12, 2025




 22 SERTIFIKASI BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION (BHRISC) 2011
    (HAK ASASI MANUSIA) / BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION
       (BHRISC) 2011 CERTIFICATION (HUMAN RIGHTS)

        Penerbit                                                                                                    PT AJA Sertifikasi Indonesia                                                                                                                                      Issuer                                                                                                        PT AJA Sertifikasi Indonesia
        Lingkup                                                                                                     PT Sawit Sumbermas Sarana Tbk                                                                                                                                     Scope                                                                                                         PT Sawit Sumbermas Sarana Tbk
        Masa Berlaku                                                                                                25 September 2021-25 September 2024                                                                                                                               Validity Period                                                                                               September 25, 2021-September 25, 2024




28                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Laporan Tahunan 2024
Page 31
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Kilas Kinerja 2024
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                2024 Performance Highlight




                        REGISTRATION                                                                                                                                                                             REGISTRATION                                                                                                                                                                                 REGISTRATION                                                                                                                                                                                  REGISTRATION
                         CERTIFICATE                                                                                                                                                                              CERTIFICATE                                                                                                                                                                                  CERTIFICATE                                                                                                                                                                                   CERTIFICATE
                                                                                                                                                                                                                                                                                                                                                                                                                      This is to certify that the Human Rights Management System of                                                                                                                                 This is to certify that the Human Rights Management System of
                                 This is to certify that the Human Rights Management System of                                                                                                                            This is to certify that the Human Rights Management System of


                                                       PT Kalimantan Sawit Abadi                                                                                                                                                                  PT Mitra Mendawai Sejati                                                                                                                                                                  PT. Menteng Kencana Mas                                                                                                                                                                           PT. Mirza Pratama Putra

                                                     has been assessed by PT AJA Sertifikasi Indonesia                                                                                                                                        has been assessed by PT AJA Sertifikasi Indonesia                                                                                                                                           has been assessed by PT AJA Sertifikasi Indonesia                                                                                                                                             has been assessed by PT AJA Sertifikasi Indonesia

                                                            and registered against the requirements of                                                                                                                                               and registered against the requirements of                                                                                                                                                  and registered against the requirements of                                                                                                                                                    and registered against the requirements of




             BUSINESS AND HUMAN RIGHTS INTERNATIONAL                                                                                                                                                  BUSINESS AND HUMAN RIGHTS INTERNATIONAL                                                                                                                                                      BUSINESS AND HUMAN RIGHTS INTERNATIONAL                                                                                                                                                       BUSINESS AND HUMAN RIGHTS INTERNATIONAL
             STANDARDS FOR CERTIFICATION (BHRISC 2011)                                                                                                                                                STANDARDS FORCERTIFICATION (BHRISC 2011)                                                                                                                                                     STANDARDS FOR CERTIFICATION (BHRISC 2011)                                                                                                                                                     STANDARDS FOR CERTIFICATION (BHRISC 2011)

                                                                endorsed by FIHRRST on April 6, 2015                                                                                                                                                     endorsed by FIHRRST on April 6, 2015                                                                                                                                                        endorsed by FIHRRST on April 6, 2015                                                                                                                                                          endorsed by FIHRRST on April 6, 2015




                                  AJA/18/BHRISC/0003                                                                       26th September 2018                                                                             AJA/18/BHRISC/0004                                                                       26th September 2018                                                                                 AJA/22/BHRISC/0005                                                                         25th August 2022                                                                                   AJA/22/BHRISC/0006                                                                         25th August 2022
                                           Certificate No.                                                          Date of Original Registration                                                                                   Certificate No.                                                          Date of Original Registration                                                                                       Certificate No.                                                         Date of Original Registration                                                                                         Certificate No.                                                         Date of Original Registration



                                   25th September 2024                                                                     25th September 2021                                                                              25th September 2024                                                                     25th September 2021                                                                                      24th August 2025                                                                                     N.A                                                                                      24th August 2025                                                                                     N.A
                                             Date of Expiry                                                                Date of Re-Registration                                                                                    Date of Expiry                                                                Date of Re-Registration
                                                                                                                                                                                                                                                                                                                                                                                                                                  Date of Expiry                                                               Date of Re-Registration                                                                                          Date of Expiry                                                               Date of Re-Registration




                                                                                            Lillian Kallman                                                                                                                                                                          Lillian Kallman
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Lillian Kallman                                                                                                                                                                               Lillian Kallman
                                                                                                 Director                                                                                                                                                                                 Director
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Director                                                                                                                                                                                      Director

                                                                           The partial reproduction of this document is not permitted.                                                                                                                              The partial reproduction of this document is not permitted.                                                                                                                                  The partial reproduction of this document is not permitted.                                                                                                                                   The partial reproduction of this document is not permitted.
           This certificate is the property of PT AJA Sertifikasi Indonesia and must be returned on request to the address: Jl. Majapahit No. 10, Petojo Selatan, Jakarta Pusat 10160 – Indonesia   This certificate is the property of PT AJA Sertifikasi Indonesia and must be returned on request to the address: Jl. Majapahit No. 10, Petojo Selatan, Jakarta Pusat 10160 – Indonesia   This certificate is the property of PT AJA Sertifikasi Indonesia and must be returned on request to the address: Jl. Daan Mogot Raya No. 119, Komplek Ruko Aldiron, Blok A17-18, Duri Kepa,   This certificate is the property of PT AJA Sertifikasi Indonesia and must be returned on request to the address: Jl. Daan Mogot Raya No. 119, Komplek Ruko Aldiron, Blok A17-18, Duri Kepa,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Kebon Jeruk, Jakarta Barat, DKI Jakarta 11510 - Indonesia                                                                                                                                     Kebon Jeruk, Jakarta Barat, DKI Jakarta 11510 - Indonesia
                                                                                        www.ajaindonesia.com                                                                                                                                                                     www.ajaindonesia.com
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             www.ajaindonesia.com                                                                                                                                                                          www.ajaindonesia.com




                                                                                         23                                                                                                                                                                                       24                                                                                                                                                                                           25                                                                                                                                                                                            26




  23 SERTIFIKASI BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION (BHRISC) 2011
     (HAK ASASI MANUSIA) / BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION
         (BHRISC) 2011 CERTIFICATION (HUMAN RIGHTS)

           Penerbit                                                                                                                                             PT AJA Sertifikasi Indonesia                                                                                                                                                                                                  Issuer                                                                                                                                             PT AJA Sertifikasi Indonesia
           Lingkup                                                                                                                                              PT Kalimantan Sawit Abadi (KSA)                                                                                                                                                                                               Scope                                                                                                                                              PT Kalimantan Sawit Abadi (KSA)
           Masa Berlaku                                                                                                                                         25 September 2021-25 September 2024                                                                                                                                                                                           Validity Period                                                                                                                                    September 25, 2021-September 25, 2024




  24 SERTIFIKASI BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION (BHRISC) 2011
     (HAK ASASI MANUSIA) / BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION
         (BHRISC) 2011 CERTIFICATION (HUMAN RIGHTS)

           Penerbit                                                                                                                                             PT AJA Sertifikasi Indonesia                                                                                                                                                                                                  Issuer                                                                                                                                             PT AJA Sertifikasi Indonesia
           Lingkup                                                                                                                                              PT Mitra Mendawai Sejati (MMS)                                                                                                                                                                                                Scope                                                                                                                                              PT Mitra Mendawai Sejati (MMS)
           Masa Berlaku                                                                                                                                         25 September 2021-25 September 2024                                                                                                                                                                                           Validity Period                                                                                                                                    September 25, 2021-September 25, 2024




  25 SERTIFIKASI BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION (BHRISC) 2011
     (HAK ASASI MANUSIA) / BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION
         (BHRISC) 2011 CERTIFICATION (HUMAN RIGHTS)

           Penerbit                                                                                                                                             PT AJA Sertifikasi Indonesia                                                                                                                                                                                                  Issuer                                                                                                                                             PT AJA Sertifikasi Indonesia
           Lingkup                                                                                                                                              PT Menteng Kencana Mas (MKM)                                                                                                                                                                                                  Scope                                                                                                                                              PT Menteng Kencana Mas (MKM)
           Masa Berlaku                                                                                                                                         25 Agustus 2022-24 Agustus 2025                                                                                                                                                                                               Validity Period                                                                                                                                    August 25, 2022-August 24, 2025




  26 SERTIFIKASI BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION (BHRISC) 2011
     (HAK ASASI MANUSIA) / BUSINESS AND HUMAN RIGHTS INTERNATIONAL STANDARDS FOR CERTIFICATION
         (BHRISC) 2011 CERTIFICATION (HUMAN RIGHTS)

           Penerbit                                                                                                                                             PT AJA Sertifikasi Indonesia                                                                                                                                                                                                  Issuer                                                                                                                                             PT AJA Sertifikasi Indonesia
           Lingkup                                                                                                                                              PT Mirza Pratama Putra (MPP)                                                                                                                                                                                                  Scope                                                                                                                                              PT Mirza Pratama Putra (MPP)
           Masa Berlaku                                                                                                                                         25 Agustus 2022-24 Agustus 2025                                                                                                                                                                                               Validity Period                                                                                                                                    August 25, 2022-August 24, 2025




2024 Annual Report                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       29
Page 32
 PT Sawit Sumbermas Sarana Tbk.




                                                         Certificate                                                                                                                   Certificate                                                                                                                    Certificate                                                                                                                   Certificate
                                                     according to the                                                                                                              according to the                                                                                                               according to the                                                                                                              according to the
                                             Renewable Energy Directive (RED II)                                                                                           Renewable Energy Directive (RED II)                                                                                            Renewable Energy Directive (RED II)                                                                                           Renewable Energy Directive (RED II)
         (Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources (recast))                              (Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources (recast))                               (Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources (recast))                              (Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources (recast))

                          Certificate Number: EU-ISCC-Cert-ID218-20240015                                                                               Certificate Number: EU-ISCC-Cert-ID218-20240018                                                                                Certificate Number: EU-ISCC-Cert-ID218-20240013                                                                               Certificate Number: EU-ISCC-Cert-ID218-20240016
                                        PT Intertek Utama Services                                                                                                    PT Intertek Utama Services                                                                                                     PT Intertek Utama Services                                                                                                    PT Intertek Utama Services
           Graha Iskandarsyah 4th floor. Jl. Iskandarsyah Raya, Jakarta Selatan No. 66 C, 12160,                                         Graha Iskandarsyah 4th floor. Jl. Iskandarsyah Raya, Jakarta Selatan No. 66 C, 12160,                                          Graha Iskandarsyah 4th floor. Jl. Iskandarsyah Raya, Jakarta Selatan No. 66 C, 12160,                                         Graha Iskandarsyah 4th floor. Jl. Iskandarsyah Raya, Jakarta Selatan No. 66 C, 12160,
                                              Jakarta, Indonesia                                                                                                            Jakarta, Indonesia                                                                                                             Jakarta, Indonesia                                                                                                            Jakarta, Indonesia
                                                                certifies that                                                                                                                certifies that                                                                                                                 certifies that                                                                                                                certifies that
                                        PT Kalimantan Sawit Abadi                                                                                                       PT Menteng Kencana Mas                                                                                                      PT Mirza Pratama Putra                                                                                                           PT Sawit Multi Utama
              Desa Natai Baru, Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat - 74113                                                           Desa Kanamit, Kecamatan Maliku, Kabupaten Pulang Pisau, 74871                                                        Desa Sumber Cahaya, Kecamatan Belantikan Raya, Kabupaten Lamandau - 74663                                                           Desa Pedongatan, Kecamatan Bulik Timur, Kabupaten Lamandau-74163
                                Pangkalan Bun, Provinsi Kalimantan Tengah                                                                                        Provinsi Kalimantan Tengah, Indonesia                                                                                    Pangkalan Bun, Provinsi Kalimantan Tengah                                                                                               Provinsi Kalimantan Tengah
                                                Indonesia                                                                                                                                                                                                                                                 Indonesia                                                                                                                        Indonesia
                                                                                                                                                               complies with the requirements of the certification system
                                 complies with the requirements of the certification system                                                                                            ISCC EU                                                                                                complies with the requirements of the certification system                                                                    complies with the requirements of the certification system
                                                         ISCC EU                                                                                               (International Sustainability and Carbon Certification)                                                                                                ISCC EU                                                                                                                       ISCC EU
                                 (International Sustainability and Carbon Certification)                                                                                  and the requirements of the RED II.                                                                                 (International Sustainability and Carbon Certification)                                                                       (International Sustainability and Carbon Certification)
                                            and the requirements of the RED II.                                                                                                                                                                                                                          and the requirements of the RED II.                                                                                           and the requirements of the RED II.
                                                                                                                                                                                          Place of the audit
                                                            Place of the audit                                                           (if different from the legal address of the system user as stated above; only applicable for traders and traders with                                                           Place of the audit                                                                                                            Place of the audit
           (if different from the legal address of the system user as stated above; only applicable for traders and traders with                                                               storage):                                                                (if different from the legal address of the system user as stated above; only applicable for traders and traders with         (if different from the legal address of the system user as stated above; only applicable for traders and traders with
                                                                 storage):                                                                                                                                                                                                                                                    storage):                                                                                                                     storage):
                                                                                                                                                                                                    n.a.
                                                                      n.a.                                                                                                                                                                                                                                                         n.a.                                                                                                                          n.a.
                                                                                                                                                               This certificate is valid from 10.01.2024 to 09.01.2025.
                                 This certificate is valid from 10.01.2024 to 09.01.2025.                                                                                                                                                                                                     This certificate is valid from 10.01.2024 to 09.01.2025.                                                                      This certificate is valid from 10.01.2024 to 09.01.2025.
                                                                                                                                                                          The site of the system user is certified as:
                                            The site of the system user is certified as:                                                                                                Point of Origin                                                                                                  The site of the system user is certified as:                                                                                  The site of the system user is certified as:
                                                          Point of Origin                                                                                                                                                                                                                                              Point of Origin                                                                                                               Point of Origin



                                                                                                                                              Jakarta, 10.01.2024
                Jakarta, 10.01.2024                                                                                                                                                                                                                                          Jakarta, 10.01.2024                                                                                                           Jakarta, 10.01.2024
                                                                                                                                            Place and date of issue                                                    Stamp, Signature of issuing party
              Place and date of issue                                                    Stamp, Signature of issuing party                                                                                                                                                 Place and date of issue                                                    Stamp, Signature of issuing party                  Place and date of issue                                                    Stamp, Signature of issuing party


                                 The issuing Certification Body is responsible for the accuracy of this document.                                              The issuing Certification Body is responsible for the accuracy of this document.                                               The issuing Certification Body is responsible for the accuracy of this document.                                              The issuing Certification Body is responsible for the accuracy of this document.
                                                          Version / Date: 1 / 10.01.2024                                                                                                Version / Date: 1 / 10.01.2024                                                                                                 Version / Date: 1 / 10.01.2024                                                                                                Version / Date: 1 / 10.01.2024



                                                                                                                         Page 1 of 2                                                                                                                   Page 1 of 2                                                                                                                    Page 1 of 2                                                                                                                   Page 1 of 2




                                                               27                                                                                                                            28                                                                                                                             29                                                                                                                            30




 27 INTERNATIONAL SUSTAINABILITY AND CARBON CERTIFICATION (ISCC EU)
        Penerbit                                                                                                    PT Intertek Utama Services                                                                                                                       Issuer                                                                                                      PT Intertek Utama Services
        Lingkup                                                                                                     PT Kalimantan Sawit Abadi (KSA)                                                                                                                  Scope                                                                                                       PT Kalimantan Sawit Abadi (KSA)
        Masa Berlaku                                                                                                10 Januari 2024-9 Januari 2025                                                                                                                   Validity Period                                                                                             January 10, 2024-January 9, 2025




 28 INTERNATIONAL SUSTAINABILITY AND CARBON CERTIFICATION (ISCC EU)
        Penerbit                                                                                                    PT Intertek Utama Services                                                                                                                       Issuer                                                                                                      PT Intertek Utama Services
        Lingkup                                                                                                     PT Menteng Kencana Mas (MKM)                                                                                                                     Scope                                                                                                       PT Menteng Kencana Mas (MKM)
        Masa Berlaku                                                                                                10 Januari 2024-9 Januari 2025                                                                                                                   Validity Period                                                                                             January 10, 2024-January 9, 2025




 29 INTERNATIONAL SUSTAINABILITY AND CARBON CERTIFICATION (ISCC EU)
        Penerbit                                                                                                    PT Intertek Utama Services                                                                                                                       Issuer                                                                                                      PT Intertek Utama Services
        Lingkup                                                                                                     PT Mirza Pratama Putra (MPP)                                                                                                                     Scope                                                                                                       PT Mirza Pratama Putra (MPP)
        Masa Berlaku                                                                                                10 Januari 2024-9 Januari 2025                                                                                                                   Validity Period                                                                                             January 10, 2024-January 9, 2025




 30 INTERNATIONAL SUSTAINABILITY AND CARBON CERTIFICATION (ISCC EU)
        Penerbit                                                                                                    PT Intertek Utama Services                                                                                                                       Issuer                                                                                                      PT Intertek Utama Services
        Lingkup                                                                                                     PT Sawit Multi Utama (SMU)                                                                                                                       Scope                                                                                                       PT Sawit Multi Utama (SMU)
        Masa Berlaku                                                                                                10 Januari 2024-9 Januari 2025                                                                                                                   Validity Period                                                                                             January 10, 2024-January 9, 2025




30                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Laporan Tahunan 2024
Page 33
                                                                                                                                                                                                                                                                                                                                                                                                                Kilas Kinerja 2024
                                                                                                                                                                                                                                                                                                                                                                                                       2024 Performance Highlight




                                                            Certificate                                                                                                                   Certificate                                                                                                                    Certificate                                                                                                                   Certificate
                                                        according to the                                                                                                              according to the                                                                                                               according to the                                                                                                              according to the
                                                Renewable Energy Directive (RED II)                                                                                           Renewable Energy Directive (RED II)                                                                                            Renewable Energy Directive (RED II)                                                                                           Renewable Energy Directive (RED II)
            (Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources (recast))                              (Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources (recast))                               (Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources (recast))                              (Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources (recast))

                             Certificate Number: EU-ISCC-Cert-ID218-20240017                                                                               Certificate Number: EU-ISCC-Cert-ID218-20240014                                                                                Certificate Number: EU-ISCC-Cert-ID218-20240019                                                                               Certificate Number: EU-ISCC-Cert-ID218-20240032
                                           PT Intertek Utama Services                                                                                                    PT Intertek Utama Services                                                                                                     PT Intertek Utama Services                                                                                                    PT Intertek Utama Services
              Graha Iskandarsyah 4th floor. Jl. Iskandarsyah Raya, Jakarta Selatan No. 66 C, 12160,                                         Graha Iskandarsyah 4th floor. Jl. Iskandarsyah Raya, Jakarta Selatan No. 66 C, 12160,                                          Graha Iskandarsyah 4th floor. Jl. Iskandarsyah Raya, Jakarta Selatan No. 66 C, 12160,                                         Graha Iskandarsyah 4th floor. Jl. Iskandarsyah Raya, Jakarta Selatan No. 66 C, 12160,
                                                 Jakarta, Indonesia                                                                                                            Jakarta, Indonesia                                                                                                             Jakarta, Indonesia                                                                                                            Jakarta, Indonesia
                                                                   certifies that                                                                                                                certifies that                                                                                                                 certifies that                                                                                                                certifies that
                                         PT Sawit Sumbermas Sarana                                                                                                          PT Tanjung Sawit Abadi                                                                                                      PT Mitra Mendawai Sejati                                                                                                     PT Sawit Sumbermas Sarana
                   Desa Rangda, Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat, 74117                                                           Desa Melata, Kecamatan Menthobi Raya, Kabupaten Lamandau, 74164                                                                Desa Umpang, Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat                                                         Desa Sulung, Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat-74117
                                    Provinsi Kalimantan Tengah, Indonesia                                                                                            Provinsi Kalimantan Tengah, Indonesia                                                                                         74117-Kalimantan Tengah, Indonesia                                                                                           Provinsi Kalimantan Tengah, Indonesia

                                    complies with the requirements of the certification system                                                                    complies with the requirements of the certification system                                                                     complies with the requirements of the certification system                                                                    complies with the requirements of the certification system
                                                            ISCC EU                                                                                                                       ISCC EU                                                                                                                        ISCC EU                                                                                                                       ISCC EU
                                    (International Sustainability and Carbon Certification)                                                                       (International Sustainability and Carbon Certification)                                                                        (International Sustainability and Carbon Certification)                                                                       (International Sustainability and Carbon Certification)
                                               and the requirements of the RED II.                                                                                           and the requirements of the RED II.                                                                                            and the requirements of the RED II.                                                                                           and the requirements of the RED II.

                                                               Place of the audit                                                                                                            Place of the audit                                                                                                             Place of the audit                                                                                                            Place of the audit
              (if different from the legal address of the system user as stated above; only applicable for traders and traders with         (if different from the legal address of the system user as stated above; only applicable for traders and traders with          (if different from the legal address of the system user as stated above; only applicable for traders and traders with         (if different from the legal address of the system user as stated above; only applicable for traders and traders with
                                                                    storage):                                                                                                                     storage):                                                                                                                      storage):                                                                                                                     storage):

                                                                         n.a.                                                                                                                          n.a.                                                                                                                           n.a.                                                                                                                          n.a.

                                    This certificate is valid from 10.01.2024 to 09.01.2025.                                                                      This certificate is valid from 10.01.2024 to 09.01.2025.                                                                       This certificate is valid from 12.01.2024 to 11.01.2025.                                                                      This certificate is valid from 15.01.2024 to 14.01.2025.

                                               The site of the system user is certified as:                                                                                  The site of the system user is certified as:                                                                                   The site of the system user is certified as:                                                                                  The site of the system user is certified as:
                                                             Point of Origin                                                                                                               Point of Origin                                                                                                                Point of Origin                                                                                                               Point of Origin
                                                                                                                                                                                                                                                                                                                                                                                                                                                     Trader with Storage

                                                                                                                                                                                                                                                                                Jakarta, 12.01.2024

                   Jakarta, 10.01.2024                                                                                                           Jakarta, 10.01.2024                                                                                                          Place and date of issue                                                    Stamp, Signature of issuing party
                                                                                                                                                                                                                                                                                                                                                                                                              Jakarta, 15.01.2024
                 Place and date of issue                                                    Stamp, Signature of issuing party                  Place and date of issue                                                    Stamp, Signature of issuing party
                                                                                                                                                                                                                                                                                                                                                                                                            Place and date of issue                                                    Stamp, Signature of issuing party


                                    The issuing Certification Body is responsible for the accuracy of this document.                                              The issuing Certification Body is responsible for the accuracy of this document.                                               The issuing Certification Body is responsible for the accuracy of this document.                                              The issuing Certification Body is responsible for the accuracy of this document.
                                                             Version / Date: 1 / 10.01.2024                                                                                                Version / Date: 1 / 10.01.2024                                                                                                 Version / Date: 1 / 12.01.2024                                                                                                Version / Date: 1 / 15.01.2024



                                                                                                                            Page 1 of 2                                                                                                                   Page 1 of 2                                                                                                                    Page 1 of 2                                                                                                                   Page 1 of 2




                                                                  31                                                                                                                            32                                                                                                                             33                                                                                                                            34




  31 INTERNATIONAL SUSTAINABILITY AND CARBON CERTIFICATION (ISCC EU)
           Penerbit                                                                                                    PT Intertek Utama Services                                                                                                                       Issuer                                                                                                      PT Intertek Utama Services
           Lingkup                                                                                                     PT Sawit Sumbermas Sarana Tbk (SSMS)                                                                                                             Scope                                                                                                       PT Sawit Sumbermas Sarana Tbk (SSMS)
           Masa Berlaku                                                                                                10 Januari 2024-9 Januari 2025                                                                                                                   Validity Period                                                                                             January 10, 2024-January 9, 2025




  32 INTERNATIONAL SUSTAINABILITY AND CARBON CERTIFICATION (ISCC EU)
           Penerbit                                                                                                    PT Intertek Utama Services                                                                                                                       Issuer                                                                                                      PT Intertek Utama Services
           Lingkup                                                                                                     PT Tanjung Sawit Abadi (TSA)                                                                                                                     Scope                                                                                                       PT Tanjung Sawit Abadi (TSA)
           Masa Berlaku                                                                                                10 Januari 2024-9 Januari 2025                                                                                                                   Validity Period                                                                                             January 10, 2024-January 9, 2025




  33 INTERNATIONAL SUSTAINABILITY AND CARBON CERTIFICATION (ISCC EU)
           Penerbit                                                                                                    PT Intertek Utama Services                                                                                                                       Issuer                                                                                                      PT Intertek Utama Services
           Lingkup                                                                                                     PT Mitra Mendawai Sejati (MMS)                                                                                                                   Scope                                                                                                       PT Mitra Mendawai Sejati (MMS)
           Masa Berlaku                                                                                                12 Januari 2024-11 Januari 2025                                                                                                                  Validity Period                                                                                             January 12, 2024-January 11, 2025




  34 INTERNATIONAL SUSTAINABILITY AND CARBON CERTIFICATION (ISCC EU)
           Penerbit                                                                                                    PT Intertek Utama Services                                                                                                                       Issuer                                                                                                      PT Intertek Utama Services
           Lingkup                                                                                                     PT Sawit Sumbermas Sarana Tbk (SSMS)                                                                                                             Scope                                                                                                       PT Sawit Sumbermas Sarana Tbk (SSMS)
           Masa Berlaku                                                                                                15 Januari 2024-14 Januari 2025                                                                                                                  Validity Period                                                                                             January 15, 2024-January 14, 2025




2024 Annual Report                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   31
Page 34
32   Laporan Tahunan 2024
Page 35
                        Laporan
                     Manajemen
                          Management Report

                      Perseroan mencatat kinerja solid pada tahun 2024 dengan
                       mempertahankan daya saing di tengah tantangan industri
                              dan ekonomi global. Strategi optimalisasi produksi,
                           efisiensi operasional, serta penguatan tata kelola dan
                            keberlanjutan berkontribusi pada pertumbuhan yang
                            berkelanjutan dan peningkatan profitabilitas. Dewan
                               Komisaris mengapresiasi efektivitas strategi yang
                      dijalankan Direksi serta mendorong inovasi, produktivitas,
                          dan keberlanjutan guna memperkuat posisi Perseroan
                                         sebagai pemimpin industri kelapa sawit.

                                The Company recorded solid performance in 2024,
                        maintaining its competitiveness amid industry and global
                          economic challenges. Strategies focused on production
                      optimization, operational efficiency, and the reinforcement
                      of governance and sustainability contributed to sustainable
                                                 growth and improved profitability.
                      The Board of Commissioners appreciates the effectiveness
                          of the strategies implemented by the Board of Directors
                              and encourages continuous innovation, productivity,
                          and sustainability to strengthen the Company's position
                                       as a leading player in the palm oil industry.




2024 Annual Report                                                               33
Page 36
   PT Sawit Sumbermas Sarana Tbk.




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


Puji dan syukur kami panjatkan ke hadirat Tuhan Yang            We extend our praise and gratitude to God Almighty for His blessings
Maha Esa atas segala rahmat dan karunia-Nya, sehingga           and grace, which have enabled PT Sawit Sumbermas Sarana Tbk
PT Sawit Sumbermas Sarana Tbk dapat melalui tahun 2024          to successfully conclude the year of 2024 with solid achievements
dengan pencapaian yang solid di tengah dinamika industri        amid the continuously evolving industry landscape. On behalf of
yang terus berkembang. Atas nama Dewan Komisaris izinkan        the Board of Commissioners, allow me to present the report and
saya menyampaikan laporan dan pertanggung jawaban atas          accountability for the supervision of the Company throughout 2024.
pengawasan Perseroan sepanjang tahun 2024.
                                                                The Board of Commissioners appreciates the solid performance
Dewan Komisaris mengapresiasi kinerja solid yang berhasil       achieved by the Company amidst industry challenges during
dicapai oleh Perseroan di tengah tantangan industri sepanjang   the year. Although the palm oil industry encountered various
tahun. Meskipun industri kelapa sawit menghadapi berbagai       dynamics, including unfavorable weather conditions and
dinamika, termasuk kondisi iklim yang kurang mendukung dan      declining production, the Company managed to maintain
penurunan produksi, Perseroan tetap mampu mempertahankan        sustainable growth. We believe these achievements reflect the
pertumbuhan yang berkelanjutan. Kami melihat pencapaian ini     effectiveness of the strategies implemented by the Board of




34                                                                                                           Laporan Tahunan 2024
Page 37
                                                                                                        Laporan Manajemen
                                                                                                        Management Report




                                                                      Laporan
                                                                       Dewan
                                                                     Komisaris
                                                  Board of Commissioners
                                                                  Report



                                                                     Prof. Dr. Ir. Bungaran Saragih
                                                                     Komisaris Utama / President Commissioner




menunjukkan efektivitas strategi yang dijalankan Direksi serta   Directors, as well as the Company's resilience in optimizing
ketangguhan Perseroan dalam mengoptimalkan peluang yang          available opportunities.
tersedia.


Adapun hasil pengawasan kami atas operasional Perseroan          Below, we present our supervisory report on the Company's
yang dijalankan Direksi sepanjang tahun 2024 kami uraikan        operations as carried out by the Board of Directors throughout
sebagai berikut.                                                 2024.



Kondisi Ekonomi dan Industri                                     Economic and Industry Conditions in
Tahun 2024                                                       2024

Tahun 2024 merupakan tahun yang penuh dinamika bagi              The year 2024 has been a period of significant dynamics for
perekonomian global dan industri kelapa sawit. Ketidakpastian    both the global economy and the palm oil industry. Geopolitical
geopolitik serta perubahan kebijakan ekonomi dunia masih         uncertainties and shifts in global economic policies remain
menjadi faktor utama yang memengaruhi stabilitas pasar.          key factors affecting market stability. Global economic growth
Pertumbuhan ekonomi global diperkirakan mencapai 3,2%,           is estimated to reach 3.2%, while Indonesia continued to
sementara Indonesia tetap menunjukkan ketahanan dengan           demonstrate resilience with a growth of 5.03%, supported




2024 Annual Report                                                                                                          35
Page 38
   PT Sawit Sumbermas Sarana Tbk.




pertumbuhan sebesar 5,03%, yang didukung oleh permintaan           by strong domestic demand. In line with this, we have also
domestik yang kuat. Sejalan dengan itu, kami juga mencermati       observed developments in the vegetable oil industry, where
perkembangan industri minyak nabati, di mana produksi              rapeseed oil and sunflower oil production are projected to
rapeseed oil dan sunflower oil diprediksi menurun, sementara       decline, while soya oil production is expected to increase.
soya oil meningkat, dengan total produksi edible oil global naik   Overall, global edible oil production is set to grow by 4
4 juta metrik ton, meskipun permintaan tumbuh lebih cepat          million metric tons, although demand is rising even faster at
sebesar 6,5 juta metrik ton. Hal ini kami lihat sebagai faktor     6.5 million metric tons. We see this as a key factor keeping prices
utama yang memengaruhi harga tetap tinggi dan menjadi              elevated, creating a momentum of opportunity for the palm oil
momentum peluang bagi industri kelapa sawit untuk terus            industry to continue its growth. Meanwhile, in Indonesia, palm
berkembang. Sementara di Indonesia, produksi kelapa sawit          oil production is projected to increase through more optimized
diproyeksikan meningkat dengan pengelolaan lahan dan pohon         land and crop management, providing opportunities for industry
yang lebih optimal, memberikan ruang bagi pelaku industri,         players, including the Company, to strengthen competitiveness
termasuk Perseroan, untuk memperkuat daya saing dan                and capitalize on favorable price trends.
memanfaatkan tren harga yang menguntungkan.



Pengawasan terhadap Perumusan dan                                  Supervision of Strategy Formulation and
Implementasi Strategi                                              Implementation

Mencermati dinamika dan tantangan industri yang terus              In response to the ongoing dynamics and challenges within the
berkembang, Dewan Komisaris telah menjalankan fungsi               industry, The Board of Commissioners has actively carried out its
pengawasan secara aktif terhadap perumusan dan implementasi        supervisory function over the formulation and implementation of
strategi yang dijalankan oleh Direksi sepanjang tahun 2024. Kami   strategies executed by the Board of Directors throughout 2024.
menilai bahwa Direksi telah mengambil langkah-langkah strategis    We believe that the Board of Directors has taken appropriate
yang baik dalam mengoptimalkan peluang dari kenaikan harga CPO     strategic steps to optimize opportunities from the increase in
serta meningkatkan efisiensi operasional guna mempertahankan       CPO prices and improve operational efficiency to maintain solid
kinerja yang solid. Kami juga mendukung upaya Direksi dalam        performance. We also support the Board of Directors’ efforts to
memperkuat sistem tata kelola dan pengendalian internal sebagai    strengthen governance systems and internal controls as part
langkah untuk memastikan efektivitas strategi yang diterapkan.     of ensuring the effectiveness of the strategies implemented.
Selain itu, kami mengapresiasi inisiatif Direksi dalam mendorong   In addition, we appreciate the initiatives taken by the Board of
produktivitas, termasuk melalui mekanisasi dan otomatisasi         Directors to boost productivity, including the introduction of
di sektor perkebunan yang telah memberikan dampak positif          mechanization and automation in the plantation sector, which
terhadap efisiensi. Namun, untuk mempertahankan daya saing         have delivered positive impacts on efficiency. However, to maintain
di tengah dinamika industri, kami mendorong Direksi untuk terus    competitiveness amid industry dynamics, We encourage the Board
berinovasi dalam pengelolaan perkebunan termasuk optimalisasi      of Directors to continue innovating in plantation management,
pabrik kelapa sawit untuk meningkatkan produksi, memperluas        including the optimization of palm oil mills to increase production,
jangkauan pasar, serta memperkuat aspek keberlanjutan sebagai      expanding market reach, and reinforcing sustainability as an
bagian dari strategi jangka panjang Perseroan.                     integral part of the Company’s long-term strategy.



Fungsi Pengawasan dan Hubungan Kerja                               Supervisory Function and Working
dengan Direksi                                                     Relationship with the Board of Directors

Sebagai bagian dari tugas pengawasan yang telah dilakukan          As part of the supervisory duties carried out by the Board of
oleh Dewan Komisaris sepanjang tahun 2024, kami secara             Commissioners throughout 2024, we have actively provided
aktif memberikan arahan dan masukan kepada Direksi guna            direction and input to the Board of Directors to ensure
memastikan strategi Perseroan berjalan efektif dan selaras         the Company’s strategies run effectively and are aligned with
untuk tujuan jangka panjang. Hal ini dilakukan melalui rapat       long-term objectives. This has been carried out through regular
gabungan yang diadakan secara berkala, di mana kami                joint meetings, where we share strategic insights, evaluate
menyampaikan pandangan strategis, mengevaluasi pencapaian,         performance achievements, and offer suggestions for necessary
serta memberikan masukan untuk perbaikan yang diperlukan.          improvements. In addition, more intensive communication has
Selain itu, komunikasi yang lebih intensif juga dilakukan          been maintained through direct discussions with the Board
melalui diskusi langsung dengan Direksi terkait berbagai           of Directors on various operational and strategic matters,
aspek operasional dan strategis, sehingga memungkinkan             enabling faster and more measured decision-making. Through
pengambilan keputusan yang lebih cepat dan terukur. Dengan         this approach, we ensure that every policy implemented
pendekatan ini, kami memastikan bahwa setiap kebijakan             is not only focused on achieving annual targets but also




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yang diterapkan tidak hanya berorientasi pada pencapaian         supports sustainable growth and strengthens the Company's
target tahunan, tetapi juga mendukung pertumbuhan yang           competitiveness within the palm oil industry.
berkelanjutan serta memperkuat daya saing Perseroan di
industri kelapa sawit.



Pandangan terhadap Kinerja Direksi                               View on the Board of Directors’
atas Pengelolaan Perusahaan                                      Performance in Managing the Company

Berdasarkan hasil pengawasan yang dilakukan, kami                Based on the results of our supervision, we are of the opinion
memandang bahwa Direksi telah menjalankan tugasnya               that the Board of Directors has carried out its duties effectively
dengan baik dalam menghadapi berbagai tantangan ekonomi          in addressing various economic and industry challenges
dan industri sepanjang tahun 2024. Di tengah ketidakpastian      throughout the year of 2024. Amid global macroeconomic
makroekonomi global serta fluktuasi harga komoditas,             uncertainties and commodity price fluctuations, the Company
Perseroan mampu menunjukkan ketahanan dan adaptabilitas          has demonstrated strong resilience and adaptability.
yang baik. Keberhasilan dalam memanfaatkan momentum              The successful capitalization on the rise in CPO prices has
kenaikan harga CPO menjadi faktor utama yang mendorong           been a key factor driving increased profitability, despite a
peningkatan profitabilitas, meskipun produksi mengalami          decline in production due to weather-related factors. Through
penurunan akibat faktor cuaca. Dengan strategi yang              well-executed strategies, the Company has not only overcome
tepat, Perseroan tidak hanya mampu mengatasi tantangan           operational challenges but also improved cost efficiency
operasional, tetapi juga berhasil meningkatkan efisiensi biaya   and optimized its supply chain, allowing it to maintain strong
serta mengoptimalkan rantai pasok, sehingga kinerja keuangan     financial performance and stable net profit growth.
tetap kuat dan pertumbuhan laba bersih tetap terjaga.


Kami juga mengapresiasi langkah Direksi dalam penguatan          We also appreciate the steps taken by the Board of Directors
strategi dari hulu hingga hilir guna memperkuat daya             in strengthening strategies from upstream to downstream in
saing. Selain itu, salah satu aspek yang menjadi perhatian       order to enhance competitiveness. In addition, another aspect
kami adalah perkembangan kinerja Entitas Anak, yaitu             of our concern is the about the performance development of a
PT Citra Borneo Utama Tbk (CBUT), yang baru dikonsolidasikan     Subsidiary, namely PT Citra Borneo Utama Tbk (CBUT), which
ke dalam SSMS melalui peningkatan kepemilikan saham. Di          has just recently consolidated into SSMS via an increase in share
tengah kondisi industri yang cukup menantang, CBUT tetap         ownership. Despite a challenging industry landscape, CBUT has
mampu mencatatkan kinerja yang positif, yang tentunya patut      continued to deliver positive results, which we believe deserve
diapresiasi. Ke depan, kami berharap CBUT dapat semakin          recognition. Looking ahead, We hope that CBUT can further
meningkatkan kontribusinya melalui optimalisasi kapasitas        increase its contribution through the optimization of production
produksi dan meningkatkan penjualan melalui pemasaran yang       capacity and improve sales through better marketing.
lebih baik. Dengan pencapaian yang telah diraih, kami optimis    With the achievements that have been made, we are optimistic
bahwa dengan strategi yang lebih kuat dan pelaksanaan yang       that with stronger strategies and better execution, the Company
lebih baik, Perseroan dapat mempertahankan pertumbuhan           will be able to maintain sustainable growth and continue
yang berkelanjutan serta terus memperkuat posisi sebagai         reinforcing its position as a leader in the palm oil industry.
pemimpin di industri kelapa sawit.



Pandangan terhadap Prospek Usaha                                 View on Business Prospects

Memandang ke depan, berdasarkan perkembangan industri            Looking ahead, based on industry developments and global
dan proyeksi ekonomi global, Dewan Komisaris optimis bahwa       economic projections, The Board of Commissioners is optimistic
prospek usaha Perseroan di tahun 2025 tetap positif, didukung    that the Company's business prospects in 2025 will remain
oleh permintaan minyak nabati yang terus meningkat dan           positive, supported by the increasing demand for vegetable oil
ketidakseimbangan pasokan yang menjaga harga CPO tetap           and the supply imbalance that keeps CPO prices competitive.
kompetitif. Perseroan memiliki peluang untuk melampaui           The Company has the opportunity to surpass industry growth
pertumbuhan industri (beat the market) melalui peningkatan       (beat the market) through productivity improvements, and
produktivitas, serta pemanfaatan teknologi dalam proses          the adoption of technology in its operational processes.
operasional. Kami juga mendukung inisiatif strategis Direksi     We also support the strategic initiatives of the Board of
dalam memperkuat corporate culture yang akan diterapkan          Directors to strengthen the corporate culture, which is expected
untuk meningkatkan efisiensi dan efektivitas kerja di seluruh    to enhance efficiency and effectiveness across all business
lini usaha. Dengan telah disetujuinya anggaran tahun             lines. With the approval of the 2025 budget, we hope that every




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2025, kami berharap setiap strategi yang dirancang dapat             planned strategy can be implemented optimally to strengthen
diimplementasikan secara optimal guna memperkuat daya                the Company's competitiveness in the palm oil industry and
saing Perseroan di industri kelapa sawit serta menciptakan           create long-term value for all stakeholders.
nilai jangka panjang bagi seluruh pemangku kepentingan.



Pandangan Tentang Penerapan Tata                                     View on the Implementation of Corporate
Kelola Perusahaan                                                    Governance

Para pemangku kepentingan mempunyai harapan besar                    Stakeholders have high expectations for the Company to
Perseroan dapat memberikan hasil yang terbaik dan                    deliver the best and sustainable results. We observe that
berkelanjutan. Kami melihat bahwa penerapan tata kelola              the implementation of good corporate governance ("GCG")
perusahaan yang baik (good corporate governance/”GCG”) di            within the Company continues to be strengthened in line with
Perseroan terus diperkuat seiring dengan dinamika bisnis dan         business dynamics and the increasingly complex demands
tuntutan industri yang semakin kompleks. Kami mendukung              of the industry. We fully support more active management
sepenuhnya keterlibatan manajemen yang lebih aktif, termasuk         involvement, including through regular forums between the
melalui forum rutin antara Direksi dengan karyawan, telah            Board of Directors and employees, which have fostered greater
menciptakan transparansi dan komunikasi yang lebih efektif           transparency and more effective communication in the decision-
dalam proses pengambilan keputusan. Selain itu, kami juga            making process. In addition, we encourage the Company to
mendorong Perseroan untuk terus meningkatkan sistem                  continuously enhance its internal control systems and risk
pengendalian internal dan manajemen risiko, termasuk upaya           management, including operational safety measure to prevent
pengamanan operasional untuk mencegah potensi fraud. Kami            potential fraud. We also appreciate the Company's initiatives in
juga mengapresiasi langkah Perseroan dalam memperbarui               updating its corporate values as part of its workplace culture
nilai-nilai perusahaan sebagai bagian dari transformasi budaya       transformation, which is expected to further reinforce the
kerja, yang diharapkan dapat semakin memperkuat fondasi              foundation of good governance while promoting integrity and
tata kelola serta meningkatkan integritas dan profesionalisme        professionalism across all levels of the organization.
seluruh insan Perseroan.



Pandangan atas Komitmen terhadap                                     View on Sustainability Commitment
Keberlanjutan

Sejalan dengan konsistensi penerapan GCG, kami juga                  In line with the consistent implementation of GCG, we
mengapresiasi komitmen Perseroan terhadap keberlanjutan              also appreciate the Company's ongoing commitment to
yang terus diperkuat melalui berbagai inisiatif dalam                sustainability, which continues to be reinforced through
menyeimbangkan antara kinerja ekonomi, sosial, dan                   various initiatives aimed at balancing economic, social, and
lingkungan. Kami mendukung sepenuhnya komitmen tersebut              environmental performance. We fully support this commitment
dengan mendorong Perseroan untuk mengimplementasikan                 by encouraging the Company to implement strategic measures,
berbagai langkah strategis, termasuk pengelolaan lingkungan          including more responsible environmental management,
yang lebih bertanggung jawab, efisiensi energi, serta optimalisasi   energy efficiency, and the optimization of fertilizer use.
penggunaan pupuk. Selain itu, inisiatif pemberdayaan                 In addition, community empowerment initiatives and efforts
masyarakat dan peningkatan kesejahteraan karyawan juga               to improve employee welfare continue to be carried out in
terus dilakukan, sejalan dengan nilai-nilai keberlanjutan yang       alignment with the sustainability values embedded in the
diterapkan dalam operasional bisnis. Kami berharap komitmen          Company's operations. We hope this commitment will continue
ini dapat terus diperkuat melalui inovasi dan kebijakan yang         to be strengthened through innovation and policies that support
mendukung praktik bisnis yang lebih bertanggung jawab,               more responsible business practices, ensuring long-term
guna memastikan pertumbuhan jangka panjang yang selaras              growth that aligns with sustainability principles while creating
dengan prinsip keberlanjutan serta memberikan nilai bagi             value for all stakeholders.
seluruh pemangku kepentingan.




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Perubahan Susunan Dewan Komisaris                                Changes in the Composition of the Board
                                                                 of Commissioners

Pada tahun 2024, komposisi Dewan Komisaris Perseroan tidak       In 2024, there were no changes in the composition of the
mengalami perubahan. Adapun komposisi Dewan Komisaris            Company's Board of Commissioners. The current composition
yang menjabat saat ini meliputi:                                 of the Board of Commissioners is as follows:
Komisaris Utama		       : Prof. Dr. Ir. Bungaran Saragih;        President Commissioner : Prof. Dr. Ir. Bungaran Saragih;
Komisaris Independen : Hoesen; serta; dan                        Independent Commissioner : Hoesen; and
Komisaris				           : Ir. Rimbun Situmorang.                 Commissioner 				         : Ir. Rimbun Situmorang.



Apresiasi                                                        Appreciation

Menutup penyampaian laporan ini, Dewan Komisaris                 In closing this report, The Board of Commissioners appreciates
mengapresiasi dan memberikan penghargaan atas komitmen           and expresses gratitude for the commitment and hard work
dan kerja keras seluruh jajaran Direksi serta karyawan yang      of all members of the Board of Directors and employees who
telah menjalankan strategi Perseroan dengan penuh dedikasi.      have executed the Company's strategies with full dedication.
Berkat sinergi yang kuat di seluruh lini usaha, Perseroan        Thanks to strong synergy across all business lines, the Company
mampu mempertahankan pertumbuhan yang berkelanjutan              has been able to maintain sustainable growth and deliver
serta mencatatkan kinerja yang memuaskan, meskipun               satisfying performance, despite the various challenges faced by
dihadapkan pada berbagai tantangan industri. Kami juga           the industry. We also extend our gratitude to the Shareholders
menyampaikan terima kasih kepada para Pemegang Saham dan         and stakeholders for their trust and continued support of
pemangku kepentingan atas kepercayaan dan dukungan yang          the Company. We are confident that with solid collaboration
telah diberikan kepada Perseroan. Kami optimis bahwa dengan      and a strong commitment to sustainability, the Company will
kerja sama yang solid serta komitmen terhadap keberlanjutan,     continue to grow and deliver optimal value to all stakeholders in
Perseroan akan terus berkembang dan memberikan nilai             the future.
tambah yang optimal bagi seluruh pemangku kepentingan di
masa mendatang.




                                                   Jakarta, 27 Maret 2025
                                                   Jakarta, March 27, 2025




                                              Prof. Dr. Ir. Bungaran Saragih
                                                     Komisaris Utama
                                                  President Commissioner




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


Puji dan syukur kami panjatkan ke hadirat Tuhan Yang Maha       We extend our highest praise and gratitude to God
Esa atas rahmat dan karunia-Nya, yang telah memungkinkan        Almighty for His blessings and grace, This has enabled
PT Sawit Sumbermas Sarana Tbk dapat melalui tahun 2024          PT Sawit Sumbermas Sarana Tbk to successfully navigate 2024
dengan capaian yang membanggakan.                               with remarkable achievements.


Bersama Laporan Tahunan ini, perkenankan saya mewakili          Along with this Annual Report, please allow me to represent
Direksi SSMS menyampaikan perjalanan kinerja perusahaan         the Board of Directors of SSMS in presenting the Company's
selama tahun 2024. Di tengah tantangan ekonomi dan industri     performance journey throughout 2024. Amid the evolving
kelapa sawit yang berkembang sepanjang tahun, Perseroan         economic challenges and developments within the palm oil
mampu mempertahankan kinerja yang baik dalam produktivitas      industry throughout the year, the Company has managed
dan daya saing. Berbagai langkah strategis yang diterapkan      to maintain solid performance in both productivity and
telah menghasilkan pencapaian positif, pada aspek operasional   competitiveness. The various strategic initiatives implemented
maupun finansial. Selain itu, kami juga sangat bangga bahwa     have resulted in positive outcomes, both in operational and
Perseroan dapat mempertahankan status pencapaian 100%           financial aspects. In addition, we are also very proud that




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                                                                               Laporan
                                                                                Direksi
                                                                    Board of Directors
                                                                                Report




                                                                                                      Jap Hartono
                                                                               Direktur Utama / President Director




sertifikasi RSPO dan ISPO, menjadikannya sebagai “the one and   the Company has maintained its 100% RSPO and ISPO
only” perusahaan kelapa sawit yang sepenuhnya tersertifikasi    certification status, making it the one and only fully certified
di industri ini. Keberhasilan ini mencerminkan komitmen kuat    palm oil company in the industry. This milestone reflects the
Perseroan dalam menjalankan praktik bisnis yang bertanggung     Company's strong commitment to responsible and sustainable
jawab dan berkelanjutan, sejalan dengan standar internasional   business practices in line with prevailing international
yang berlaku.                                                   standards.


Perjalanan Perseroan dalam meraih pencapaian tersebut           A brief overview of the Company's journey in achieving these
secara ringkas kami sampaikan sebagai berikut.                  milestones is presented as follows.



Tinjauan Makroekonomi                                           Macroeconomic Overview

Perekonomian global sepanjang tahun 2024 terus dibayangi        The global economy throughout 2024 continued to be
oleh peristiwa dalam dinamika geopolitik nasional dan global,   overshadowed by events in the national and global geopolitical
serta perubahan kebijakan ekonomi di berbagai negara.           dynamics, as well as changes in economic policies across
                                                                various countries.




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Dalam kondisi ini, pertumbuhan ekonomi global diproyeksikan          Under these conditions, global economic growth is projected
mencapai 3,2%, sedikit melambat dibandingkan tahun sebelumnya        to reach 3.2%, slightly slowing from 3.3% in the previous year.
sebesar 3,3%. Di tengah ketidakpastian global, Indonesia mampu       Amid global uncertainties, Indonesia demonstrated strong
menunjukkan ketahanan ekonomi yang kuat dengan pertumbuhan           economic resilience, recording growth of 5.03%, slightly lower
sebesar 5,03%, sedikit lebih rendah dari 5,05% pada tahun 2023.      than 5.05% in 2023. This stability reflects the effectiveness of
Stabilitas ini mencerminkan efektivitas kebijakan ekonomi nasional   national economic policies in maintaining public purchasing
dalam menjaga daya beli masyarakat serta mempertahankan              power and sustaining export performance despite fluctuations
kinerja ekspor di tengah fluktuasi pasar global.                     in global markets.


Sejalan dengan dinamika ini, industri minyak kelapa sawit            In line with these dynamics, the crude palm oil (CPO) industry
(CPO) juga menghadapi berbagai tantangan pada tahun                  also faced several challenges in 2024, including unfavorable
2024, termasuk kondisi iklim yang tidak menguntungkan                climate conditions that led to a decline in national production
yang menyebabkan penurunan volume produksi nasional.                 volumes. However, this decrease in supply was offset by higher
Namun, penurunan pasokan ini diimbangi oleh harga yang               prices that remained at elevated levels, providing opportunities
tetap tinggi, memberikan peluang bagi pelaku industri untuk          for industry players to maintain profitability. Most important in
mempertahankan profitabilitas. Yang terpenting bagi SSMS             SSMS ability to maintain low cost of production and being one
adalah kemampuannya dalam menjaga biaya produksi tetap               of the low cost producers. Based on insights from various palm
rendah dan menjadi salah satu produsen berbiaya rendah.              oil industry conferences, Indonesia's palm oil production is
Berdasarkan wawasan dari berbagai konferensi industri kelapa         estimated to have declined by approximately 2 million metric
sawit, produksi kelapa sawit Indonesia diperkirakan menurun          tons compared to the previous year. Nevertheless, the increase
sekitar 2 juta metrik ton dibandingkan tahun sebelumnya.             in CPO prices has helped stabilize industry revenues while
Meskipun demikian, kenaikan harga CPO telah membantu                 supporting the competitiveness of businesses within the sector.
menstabilkan pendapatan industri serta mendukung daya saing
bisnis di sektor ini.



Tujuan Strategi                                                      Strategic Objectives

Di tengah berbagai tantangan ekonomi yang dinamis sepanjang          Amidst these dynamic economic challenges throughout the
tahun, Perseroan juga menghadapi dampak dari berbagai                year, the Company also faced the impact of industry- related
tantangan industri, termasuk penurunan produksi yang                 challenges, including a decline in production caused by weather
disebabkan oleh faktor cuaca serta berbagai kebijakan yang           factors and various policies issued by both central and regional
dikeluarkan oleh pemerintah pusat dan daerah. Meskipun               governments. Although production experienced a decrease,
produksi mengalami penurunan, dampaknya lebih terkendali             the impact was more controlled compared to the industry as a
dibandingkan dengan industri secara keseluruhan. Hal ini             whole. This was thanks to well-planned and real-time strategies
berkat strategi yang terencana dengan baik dan diterapkan            formulated by the Board of Directors, who were directly present
secara real-time oleh Direksi, yang hadir langsung di lapangan       in the field to ensure faster and more accurate decision-making.
untuk memastikan pengambilan keputusan yang lebih cepat              Namely, cost internal control efficiency.
dan akurat, terutama dalam efisiensi pengendalian biaya
internal.


Salah satu langkah strategis utama yang diterapkan adalah            One key strategic measure implemented was the optimization
optimalisasi manajemen pemupukan. Meskipun penggunaan                of fertilizer management. Although fertilizer usage increased,
pupuk meningkat, penerapannya dilakukan dengan perhitungan           However, the implementation was more carefully calculated
yang lebih cermat melalui penyesuaian berdasarkan kondisi            through adjustments based on seasonal conditions and
musim dan kebutuhan tanaman. Pengadaan tepat waktu dan               crop requirements. Just in time procurement and inventory
manajemen inventaris juga menjadi bagian dari strategi ini.          management. In this process, the Company adopted a
Dalam prosesnya, Perseroan mengadopsi kombinasi pupuk                combination of commercial fertilizer, organic fertilizer, and
komersial, pupuk organik, dan pupuk hayati, yang tidak hanya         bio fertilizer, which not only maintains soil fertility but also
menjaga kesuburan tanah tetapi juga meningkatkan efisiensi           enhances cost efficiency and long-term sustainability.
biaya serta keberlanjutan jangka panjang.


Di bidang teknologi, Perseroan terus meningkatkan dan                In the area of technology, the Company continues to upgrade and
memperkuat sistemnya untuk meningkatkan efisiensi                    strengthen its systems to enhance operational efficiency and
operasional dan transparansi. Salah satu contohnya adalah            transparency. One example is the development of an accounting
pengembangan sistem akuntansi guna memastikan pencatatan             system to ensure more accurate and integrated financial




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keuangan yang lebih akurat dan terintegrasi, sementara               records, while the internal control system has been reinforced
sistem pengendalian internal diperkuat dengan pengawasan             with stricter supervision to minimize fraud risks. Additionally,
yang lebih ketat untuk meminimalkan risiko kecurangan.               the development of the Human Resource Information System
Selain itu, pengembangan Human Resource Information System           (HRIS) and technology-based plantation management systems
(HRIS) dan sistem manajemen perkebunan berbasis teknologi            enables workforce optimization and more effective real-time
memungkinkan optimalisasi tenaga kerja serta pemantauan              operational monitoring. In terms of human resources, the
operasional secara real-time yang lebih efektif. Di bidang sumber    Company carries out various considerations in the recruitment
daya manusia, Perseroan mempertimbangkan berbagai aspek              process. Prioritizing the utilization of existing employees is the
dalam proses rekrutmen. Pemanfaatan karyawan yang sudah              main focus to ensure productivity remains maintained without
ada menjadi fokus utama untuk memastikan produktivitas tetap         increasing operational costs. We are very focus on retraining
terjaga tanpa meningkatkan biaya operasional. Kami sangat            and continues higher education for our performing employees.
fokus untuk terus memberikan pelatihan serta pendidikan
lanjutan bagi karyawan yang berprestasi.


Sebagai bagian dari transformasi organisasi, Perseroan juga          As part of its organizational transformation, the Company
memperkuat nilai-nilai perusahaan sebagai landasan budaya            has also reinforced its corporate values as the foundation
kerja yang lebih solid dan mudah diimplementasikan. Nilai-           for a stronger and more easily implemented work culture.
nilai ini dirangkum dalam 4 prinsip utama, yaitu highly efficient,   These values are summarized into four core principles:
highly productive, zero fraud, dan zero work accident.               highly efficient, highly productive, zero fraud, and zero work
Penyederhanaan nilai-nilai ini bertujuan agar seluruh insan          accident. The simplification of these values aims to provide
Perseroan memiliki panduan yang jelas dalam menjalankan              clear guidance for all employees in carrying out their duties
tugas dan tanggung jawabnya, sekaligus mendorong                     and responsibilities, while also fostering a more professional,
terciptanya budaya kerja yang lebih profesional, transparan, dan     transparent, and sustainability-oriented work culture. With a
berorientasi pada keberlanjutan. Dengan strategi yang semakin        more focused strategy and a stronger corporate culture, the
terarah serta budaya perusahaan yang semakin kuat, Perseroan         Company is optimistic about its ability to continue growing and
optimis dapat terus bertumbuh dan mempertahankan posisi              maintaining its position in the industry. This growth will be driven
di industri. Pertumbuhan ini akan dicapai melalui pendekatan         through both organic and inorganic approaches, by increasing
growth organic maupun inorganic, baik dengan meningkatkan            plantation productivity and operational efficiency, as well as
produktivitas perkebunan dan efisiensi operasional maupun            through strategic expansion, including planned acquisitions in
melalui ekspansi strategis, termasuk rencana akuisisi di sektor      promising sectors.
yang potensial.



Peran Direksi dalam Perumusan dan                                    Board of Directors’ Role in Strategy
Implementasi Strategi                                                Formulation and Implementation

Direksi memainkan peran kunci dalam perumusan dan                    The Board of Directors plays a vital role in the formulation
implementasi strategi guna memastikan keberlanjutan                  and implementation of strategies to ensure the Company’s
pertumbuhan dan daya saing Perseroan. Salah satu fokus               sustainable growth and competitiveness. One of the Board of
utama Direksi adalah memastikan bahwa pola pikir strategis           Directors' key priorities is to ensure that strategic thinking and
serta nilai-nilai perusahaan dapat diterjemahkan dengan baik         corporate values are clearly communicated and well understood
dan dipahami oleh seluruh jajaran, mulai dari general manager,       across all levels of the organization, from general managers
manajer, hingga staf. Dengan komunikasi yang efektif, nilai-nilai    and managers to staff. Through effective communication, these
ini diinternalisasikan dalam budaya kerja sehari-hari, sehingga      values are embedded into the daily work culture, enabling every
setiap individu di Perseroan dapat berkontribusi secara optimal      individual within the Company to contribute optimally toward
dalam mencapai tujuan bersama.                                       achieving shared goals.


Untuk memastikan keberhasilan pelaksanaan strategi, Direksi          To ensure the successful execution of strategies, the Board of
secara rutin mengadakan rapat koordinasi dan evaluasi untuk          Directors regularly holds coordination and evaluation meetings
memantau implementasi strategi di seluruh lini bisnis. Rapat         to monitor strategy implementation across all business
ini berfungsi sebagai forum penting untuk mengidentifikasi           lines. This meeting serves as an important forum to identify
tantangan, menyesuaikan kebijakan jika diperlukan, serta             challenges, adjust policies if necessary, and ensure that all
memastikan bahwa semua unit kerja bergerak ke arah yang              work units move in the same direction. With a robust monitoring
sama. Dengan sistem pemantauan yang kuat dan evaluasi yang           system and continuous evaluations, the Board of Directors is
berkelanjutan, Direksi dapat mengambil keputusan yang lebih          able to make more responsive and strategic decisions, ensuring
responsif dan strategis, sehingga transformasi yang berjalan         that the ongoing transformation delivers a positive impact




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   PT Sawit Sumbermas Sarana Tbk.




memberikan dampak positif bagi pertumbuhan Perusahaan               on the Company’s growth and operational efficiency. Every
dan efisiensi operasional. Setiap Direktur dan Kepala Unit          directors and head of business unit have their own weekly and
Bisnis juga mengadakan rapat mingguan dan bulanan untuk             monthly meeting to follow up.
menindaklanjuti perkembangan serta memastikan strategi
berjalan sesuai rencana.



Tinjauan Kinerja                                                    Performance Review

Atas berbagai implementasi strategi yang dijalankan secara          Through the consistent implementation of various strategies,
konsisten, Perseroan berhasil mencatatkan kinerja yang              the Company successfully recorded solid performance
solid sepanjang tahun 2024. Dari sisi operasional, total            throughout 2024. In terms of operations, total fresh
produksi tandan buah segar dari perkebunan inti mencapai            fruit bunches production from nucleus estates reached
1,56 juta metrik ton atau 84,84% dari target. Untuk menjaga         1.56 million metric tons or 84.84% of the target. To maintain
produktivitas perkebunan, Perseroan juga meningkatkan               plantation productivity, the Company increased fertilizer
penggunaan pupuk lebih dari 10% dibandingkan tahun                  usage by more than 10% compared to the previous year. This
sebelumnya. Peningkatan ini dilakukan secara terukur dan            increase was carefully measured and adjusted according to
disesuaikan dengan siklus pertumbuhan tanaman guna                  the crop growth cycle to ensure optimal long-term harvest
memastikan hasil panen yang optimal dalam jangka panjang.           results. The continued execution of this strategy remains a key
Keberlanjutan strategi ini menjadi faktor penting dalam             factor in maintaining production stability and strengthening
menjaga stabilitas produksi serta memperkuat daya saing             the Company's competitiveness in the palm oil industry.
Perseroan di industri kelapa sawit yang kompetitif.


Dari sisi profitabilitas, Perseroan berhasil mencatatkan kinerja    In terms of profitability, the Company achieved satisfying
keuangan yang memuaskan dengan pertumbuhan pendapatan               financial performance, with revenue growth exceeding the
yang berada di atas rata-rata industri. Pendapatan Perseroan        industry average. The Company’s revenue decrease by 1.70%
menurun 1,70% menjadi Rp10,52 triliun atau 46,37% dari target,      to Rp10.52 trillion or 46.37% of the target, while net profit rose
sementara laba bersih tercatat meningkat 63,13% menjadi             by 63.13% to Rp845 billion or 55.22% of the target. Despite the
Rp845 miliar atau 55,22% dari target. Meskipun produksi             decline in production, the increase in CPO prices throughout the
mengalami penurunan, kenaikan harga CPO sepanjang                   year was the main factor supporting profitability growth. This
tahun menjadi faktor utama yang menopang profitabilitas.            success reflects the effectiveness of the Company’s operational
Keberhasilan ini mencerminkan efektivitas strategi operasional      strategies and cost management in navigating industry
dan pengelolaan biaya yang diterapkan Perseroan dalam               dynamics.
menghadapi dinamika industri.


Perseroan juga memberikan perhatian khusus pada produksi            The Company also placed special focus on downstream
di sektor hilir, terutama pada Entitas Anak CBUT, yang              production, particularly within its newly acquired Subsidiary,
baru dikonsolidasikan ke dalam SSMS melalui peningkatan             CBUT. Despite challenging industry conditions, CBUT was still
kepemilikan saham. Di tengah kondisi industri yang penuh            able to deliver a positive contribution to the Company’s overall
tantangan, CBUT tetap mampu memberikan kontribusi                   performance. We highly appreciate this achievement and look
positif terhadap kinerja Perseroan. Oleh karena itu, kami           forward to CBUT’s continued improvement in delivering greater
mengapresiasi pencapaian ini dan berharap CBUT dapat terus          added value in the future.
meningkatkan performanya guna memberikan nilai tambah
lebih besar di masa mendatang.



Penerapan Tata Kelola Perusahaan                                    Implementation of Corporate Governance

Pencapaian kinerja solid di tahun 2024 juga tidak terlepas          The achievement of solid performance in 2024 is also closely
dari konsistensi Perseroan dalam menerapkan tata kelola             linked to the Company’s consistent implementation of
perusahaan yang baik (GCG) guna memastikan transparansi,            good corporate governance (GCG) to ensure transparency,
akuntabilitas, serta efektivitas dalam seluruh aspek operasional.   accountability, and effectiveness across all operational aspects.
Salah satu langkah utama yang diterapkan adalah peningkatan         One of the key initiatives was enhancing the involvement
keterlibatan Top Manajemen dalam berbagai proses bisnis dan         of Top Management in various business processes and
pengambilan keputusan. Untuk memastikan komunikasi yang             decision-making. To maintain open communication and




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terbuka dan menyelaraskan visi Perseroan di seluruh level        align the Company’s vision across all organizational levels,
organisasi, Perseroan mengadakan forum pertemuan berkala         regular forums were held between the Board of Directors and
antara Direksi dan karyawan. Melalui weekly CEO, weekly CFO,     employees. Through weekly CEO, CFO, and COO meetings, the
dan weekly COO, Direksi secara langsung berinteraksi dengan      Board of Directors directly interacts with all operational teams.
seluruh tim operasional.


Sebagai bagian dari tata kelola yang lebih ketat, Perseroan      As part of stricter governance, the Company has also
juga telah memperkuat sistem keamanan operasionalnya             strengthened its operational security systems to prevent
untuk mencegah potensi kecurangan dengan memperkuat              potential fraud by strengthening a more structured risk
departemen dan sistem manajemen risiko yang lebih terstruktur    management department and system to identify risks, analyze,
guna mengidentifikasi, menganalisis, serta mengurangi risiko     and mitigate potential risks in the Company's operations.
dalam operasional perusahaan. Selain itu, Perseroan telah        Moreover, the Company has refreshed its corporate values as
menyegarkan kembali nilai-nilai korporasi sebagai bagian dari    part of its work culture transformation. These values serve
transformasi budaya kerja. Nilai-nilai ini menjadi dasar dalam   as the foundation for building a more resilient organization,
membangun organisasi yang lebih tangguh, produktif, dan          productive, and highly principled organization. With stronger
berintegritas tinggi. Dengan pengendalian internal yang lebih    internal controls, more comprehensive risk management, and a
kuat, manajemen risiko yang lebih komprehensif, serta budaya     work culture aligned with sustainability principles, the Company
kerja yang selaras dengan prinsip keberlanjutan, Perseroan       is confident in its ability to establish more robust governance
yakin dapat membangun tata kelola yang lebih solid untuk         to support long-term growth and deliver added value to all
mendukung pertumbuhan jangka panjang dan memberikan              stakeholders.
nilai tambah bagi seluruh pemangku kepentingan.



Komitmen terhadap Keberlanjutan                                  Commitment to Sustainability

Sejalan dengan konsistensi penerapan GCG, komitmen terhadap      In line with the consistent implementation of GCG, the Company
aspek-aspek keberlanjutan juga menjadi fokus Perseroan           also places a strong focus on sustainability as part of its
dalam menjalankan operasional kelapa sawit yang bertanggung      commitment to responsible palm oil operations. The Company
jawab. Perseroan berkomitmen untuk menciptakan dampak            is dedicated to creating lasting positive impacts for stakeholders
positif yang berkelanjutan bagi pemangku kepentingan dan         and communities through various Social and Environmental
masyarakat melalui berbagai inisiatif berbasis Tanggung Jawab    Responsibility (SER) initiatives. This commitment is realized by
Sosial dan Lingkungan (TJSL). Komitmen ini diwujudkan dengan     balancing economic, social, and environmental performance,
menyeimbangkan kinerja ekonomi, sosial, dan lingkungan,          aligned with the achievement of the Sustainable Development
sejalan dengan pencapaian Tujuan Pembangunan Berkelanjutan       Goals (SDGs), which are integrated into 6 main pillars, namely
(TPB) yang terintegrasi ke dalam 6 pilar utama, yaitu sosial     socio-cultural, education, health, environmental conservation,
budaya, pendidikan, kesehatan, pelestarian lingkungan hidup,     infrastructure, and community empowerment.
infrastruktur, dan pemberdayaan masyarakat.


Sepanjang tahun 2024, Perseroan telah mengalokasikan Rp23,83     Throughout 2024, the Company allocated Rp23.83 billion to
miliar untuk mendukung berbagai inisiatif keberlanjutan dengan   support various sustainability initiatives, delivering a total of 911
total 911 kegiatan, yang memberikan manfaat bagi 47 desa dan     programs that benefited 47 villages and 616,128 individuals. Key
616.128 individu. Program utama yang dilaksanakan meliputi       programs implemented included the distribution of basic food
distribusi bantuan bahan pokok, beasiswa pendidikan, layanan     assistance, educational scholarships, free healthcare services,
kesehatan gratis, normalisasi sungai, penanaman pohon, serta     river normalization, tree planting, and the development
pengembangan dan perbaikan infrastruktur desa. Ke depan,         and improvement of village infrastructure. Moving forward,
Perseroan akan terus memperkuat komitmen keberlanjutannya        the Company will continue to strengthen its sustainability
dengan mengembangkan strategi yang lebih inovatif dan berfokus   commitment by developing more innovative strategies with
pada dampak jangka panjang. Dengan mengintegrasikan prinsip      a long-term impact focus. By implementing sustainability
keberlanjutan ke dalam strategi bisnisnya, Perseroan yakin       principles into its business strategy, the Company is confident
dapat terus menciptakan nilai bagi masyarakat, lingkungan, dan   in its ability to continuously create value for communities, the
para pemangku kepentingan, sekaligus memperkuat posisinya        environment, and stakeholders, while reinforcing its position as
sebagai perusahaan yang bertanggung jawab. Dengan demikian,      a responsible company. Therefore, this making SSMS the one
SSMS menjadi satu-satunya perusahaan di Indonesia yang 100%      and only 100% RSPO company in Indonesia.
bersertifikat RSPO.




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   PT Sawit Sumbermas Sarana Tbk.




Pandangan ke Depan                                                   Outlook

Memasuki tahun 2025, Perseroan optimis terhadap prospek              Entering 2025, the Company remains optimistic about
industri kelapa sawit yang diproyeksikan akan mengalami              the prospects of the palm oil industry, which is projected to
pertumbuhan positif. Berdasarkan analisis yang disampaikan           experience positive growth. Based on insights shared in various
dalam berbagai forum industri, termasuk Indonesian Palm              industry forums, including the Indonesian Palm Oil Conference
Oil Conference (IPOC), permintaan minyak nabati global               (IPOC), global demand for vegetable oils is expected to rise.
diperkirakan akan meningkat. Produksi rapeseed oil (rap oil)         Production of rapeseed oil (rap oil) and sunflower oil (sun oil)
dan sunflower oil (sun oil) diproyeksikan mengalami penurunan,       is forecasted to decline, while soya oil is projected to increase.
sementara soya oil diprediksi mengalami kenaikan. Secara             Overall, global vegetable oil production is expected to increase
keseluruhan, produksi minyak nabati dunia diperkirakan               and exceed supply. This imbalance between supply and demand
meningkat dan melebihi pasokan. Ketidakseimbangan antara             is expected to keep palm oil prices high, creating opportunities
penawaran dan permintaan ini akan menjaga harga minyak               for industry players to optimize their performance.
sawit tetap tinggi, menciptakan peluang bagi pelaku industri
untuk mengoptimalkan kinerjanya.


Dalam menghadapi prospek industri yang positif ini, Perseroan        In response to this positive industry outlook, the Company has
telah menyiapkan strategi untuk meningkatkan produksi secara         prepared strategies to optimize production growth. The main
lebih optimal. Fokus utama diarahkan pada pengelolaan lahan          focus is on improving land and crop management, with attention
dan pohon yang lebih berkualitas, dengan memperhatikan               to the harvest cycle to maximize production yields with a high
siklus panen untuk memaksimalkan hasil produksi dengan               average OER. With the right strategies in place, the Company is
rata-rata rendeman yang tinggi. Dengan strategi yang tepat,          confident it can beat the market in 2025 by achieving production
Perseroan optimis dapat beat the market di tahun 2025,               growth above the industry average. Operationally, the Company
dengan pertumbuhan produksi yang lebih tinggi dibandingkan           continues to improve the management of its security systems as
rata-rata industri. Dari sisi operasional, Perseroan terus           part of its preventive measures. With the use of this integrated
meningkatkan pengelolaan sistem keamanan sebagai bagian              system, supervision and control over assets and the supply chain
dari sistem pencegahan tindakan. Dengan penggunaan sistem            can be carried out more effectively. Additionally, the Company
yang terintegrasi ini dapat memudahkan pengawasan, kontrol           is advancing mechanization and automation in fertilization
terhadap aset dan rantai pasok dapat dilakukan dengan lebih          processes to enhance work efficiency and effectiveness. One of
efektif. Selain itu, penerapan mekanisasi dan otomatisasi dalam      the latest initiatives includes the use of drones for fertilization in
proses pemupukan terus dikembangkan untuk meningkatkan               areas with higher and uneven terrain, ensuring more even and
efisiensi dan efektivitas kerja. Salah satu inisiatif terbaru yang   optimal fertilizer distribution.
diterapkan adalah penggunaan drone untuk pemupukan di area
dengan kontur yang lebih tinggi dan bergelombang, memastikan
distribusi pupuk yang lebih merata dan optimal.


Untuk memperluas cakupan bisnis dan meningkatkan daya                To expand its business scope and enhance competitiveness, the
saing, Perusahaan telah merencanakan akuisisi sebuah                 Company has prepared plans to acquire a plantation company
perusahaan perkebunan pada tahun 2025 guna memperluas                in 2025, aiming to broaden its potential business sectors.
potensi sektor usahanya. Akuisisi ini merupakan bagian dari          This acquisition is part of the Company's long-term growth
strategi pertumbuhan jangka panjang Perusahaan untuk                 strategy to strengthen the supply chain, increase product
memperkuat rantai pasok, meningkatkan nilai produk, dan              value, and expand market share. With these strategies in place,
memperluas pangsa pasar. Dengan strategi ini, Perusahaan             the Company is optimistic about sustaining its growth and
optimis dapat terus mempertahankan pertumbuhan                       maintaining its position as a highly competitive leader in the
berkelanjutan serta posisinya sebagai pemimpin yang kompetitif       palm oil industry.
di industri kelapa sawit.



Perubahan Susunan Direksi                                            Changes in the Composition of the Board
                                                                     of Directors

Pada tahun 2024, Perseroan mengalami perubahan dalam                 In 2024, the Company underwent changes in the composition
susunan Direksi sebagai bagian dari dinamika kepemimpinan            of the Board of Directors as part of leadership dynamics and
dan strategi penguatan manajemen. Perseroan menerima                 efforts to strengthen management. The Company accepted
pengunduran diri Bapak Nasarudin bin Nasir dari jabatannya           the resignation of Mr. Nasarudin bin Nasir from his position
sebagai Direktur Utama, serta Bapak Jap Hartono dan                  as President Director, as well as Mr. Jap Hartono and




46                                                                                                                  Laporan Tahunan 2024
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                                                                                                            Laporan Manajemen
                                                                                                            Management Report




Bapak Syafril Harahap dari posisi sebagai Direktur. Sebagai         Mr. Syafril Harahap from their positions as Director. Following
tindak lanjut atas perubahan ini, Perseroan telah mengangkat        these changes, the Company appointed Mr. Jap Hartono as
Bapak Jap Hartono sebagai Direktur Utama dan Bapak Akhmad           President Director and Mr. Akhmad Faisyal as Director of the
Faisyal sebagai Direktur Perseroan. Dengan demikian, susunan        Company. Therefore, the composition of the Board of Directors
Direksi Perseroan menjadi:                                          is as follows:
Direktur Utama		    : Jap Hartono; serta                            President Director		   : Jap Hartono; and
Direktur			         : Akhmad Faisyal.                               Director				           : Akhmad Faisyal.



Penutup                                                             Closing

Akhir kata, atas pencapaian yang telah ditorehkan sepanjang         In closing, for the achievements recorded throughout 2024,
tahun 2024, Direksi menyampaikan apresiasi dan terima kasih         the Board of Directors expresses its highest appreciation and
yang sebesar-besarnya kepada seluruh elemen perusahaan              gratitude to all elements of the Company for their dedication,
atas dedikasi, kerja keras, dan kekompakan yang telah               hard work, and unity demonstrated throughout 2024.
ditunjukkan sepanjang tahun 2024.


Berkat dari kenaikan harga CPO dan sinergi yang kuat di seluruh     The increase in CPO prices and strong synergy across
lini usaha, telah memberikan dampak positif bagi kinerja            all business lines have had a positive impact on financial
keuangan. Perseroan berhasil mencatatkan pertumbuhan                performance. The Company successfully recorded growth
dibandingkan tahun sebelumnya. Direksi juga menyampaikan            compared to the previous year. The Board of Directors also
terima kasih kepada Dewan Komisaris atas nasihat, arahan, dan       extends its gratitude to the Board of Commissioners for
pengawasannya, serta kepada Pemegang Saham dan seluruh              their advice, their guidance and supervision, as well as to
pemangku kepentingan atas kepercayaan dan dukungan yang             the Shareholders and all stakeholders for the trust and support
diberikan kepada Perseroan. Dengan fondasi bisnis yang              given to the Company. With a stronger business foundation,
semakin kuat, strategi yang terarah, dan budaya kerja yang          clear strategies, and a solid work culture, we are optimistic that
solid, kami optimis bahwa Perseroan akan terus tumbuh secara        the Company will continue to grow sustainably and maintain its
berkelanjutan dan mempertahankan posisi sebagai pemimpin            position as a leading player in the palm oil industry.
industri kelapa sawit.




                                                     Jakarta, 27 Maret 2025
                                                     Jakarta, March 27, 2025




                                                          Jap Hartono
                                                         Direktur Utama
                                                        President Director




2024 Annual Report                                                                                                                47
Page 50
   PT Sawit Sumbermas Sarana Tbk.




Tanggung Jawab Laporan Tahunan
                                                                Annual Report Responsibility


                         SURAT PERNYATAAN DEWAN KOMISARIS
                 TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2024
                          PT SAWIT SUMBERMAS SARANA TBK
               STATEMENT OF RESPONSIBILITY OF BOARD OF COMMISSIONERS
                           FOR THE 2024 ANNUAL REPORT OF
                          PT SAWIT SUMBERMAS SARANA TBK


Kami, yang bertanda tangan di bawah ini, menyatakan               We, the undersigned, hereby declare that the 2024
bahwa     semua    informasi   dalam   Laporan    Tahunan         Annual Report of PT Sawit Sumbermas Sarana Tbk has
PT Sawit Sumbermas Sarana Tbk tahun 2024 telah dimuat             already contained a complete information and we shall be fully
secara lengkap dan bertanggung jawab penuh atas kebenaran         responsible for the correctness of the Company’s Annual Report
isi Laporan Tahunan Perseroan.                                    content.

Demikian pernyataan ini dibuat dengan sebenarnya.                 This statement is hereby made in all truthfulness.



                                                    Jakarta, 27 Maret 2025
                                                    Jakarta, March 27, 2025



                                                 Dewan Komisaris
                                              Board of Commissioners




                                              Prof. Dr. Ir. Bungaran Saragih
                                                       Komisaris Utama
                                                    President Commissioner




                          Hoesen                                                    Ir. Rimbun Situmorang
                    Komisaris Independen                                                    Komisaris
                 Independent Commissioner                                                 Commissioner




48                                                                                                           Laporan Tahunan 2024
Page 51
                                 SURAT PERNYATAAN DIREKSI
                     TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2024
                              PT SAWIT SUMBERMAS SARANA TBK
                      STATEMENT OF RESPONSIBILITY OF BOARD OF DIRECTORS
                               FOR THE 2024 ANNUAL REPORT OF
                              PT SAWIT SUMBERMAS SARANA TBK


Kami, yang bertanda tangan di bawah ini, menyatakan               We, the undersigned, hereby declare that the 2024
bahwa     semua    informasi   dalam   Laporan    Tahunan         Annual Report of PT Sawit Sumbermas Sarana Tbk has
PT Sawit Sumbermas Sarana Tbk tahun 2024 telah dimuat             already contained a complete information and we shall be fully
secara lengkap dan bertanggung jawab penuh atas kebenaran         responsible for the correctness of the Company’s Annual Report
isi Laporan Tahunan Perseroan.                                    content.


Demikian pernyataan ini dibuat dengan sebenarnya.                 This statement is hereby made in all truthfulness.



                                                    Jakarta, 27 Maret 2025
                                                    Jakarta, March 27, 2025



                                                         Direksi
                                                    Board of Directors




                        Jap Hartono                                                     Akhmad Faisyal
                       Direktur Utama                                                        Direktur
                      President Director                                                     Director




2024 Annual Report                                                                                                          49
Page 52
50   Laporan Tahunan 2024
Page 53
                           Profil
                     Perusahaan
                                Company Profile

                                SSMS unggul sebagai produsen kelapa sawit
                            terintegrasi dengan kapasitas besar, fokus pada
                       keberlanjutan, dan pengembangan energi terbarukan
                               melalui Pembangkit Listrik Tenaga Biomassa
                                                                   (PLTBM).

                           SSMS excels as a large-capacity integrated palm
                           oil producer, that focus on sustainability and the
                             development of renewable energy through the
                                             Biomass Power Plant (PLTBM).




2024 Annual Report                                                        51
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 PT Sawit Sumbermas Sarana Tbk.




Informasi dan Data Perusahaan
                                                                  Company Information and Data




      Nama Perusahaan
      Company Name
      PT Sawit Sumbermas Sarana Tbk*
      * Perseroan belum pernah melakukan perubahan nama. /
        The Company never changed its name.




      Bidang Usaha                                                    Dasar Hukum Pendirian
      Nature of Business                                              Legal Basis of Establishment
      Pembudidayaan kelapa sawit mencakup penanaman,                  Akta Pendirian No. 51 tanggal 22 November 1995 yang
      pemanenan, dan pengolahan tandan buah segar (TBS)               dibuat di hadapan Enimaya Agoes Suwarko, SH, Notaris
      menjadi minyak kelapa sawit (CPO), inti sawit (PK),             di Jakarta yang dinyatakan kembali berdasarkan akta
      minyak inti sawit (CPKO), serta produk turunannya,              tanggal 1 Juli 1996 yang dibuat oleh Notaris Pengganti
      termasuk kegiatan penjualan, pemasaran, dan                     Nadi Krida Yomantara SH, Notaris di Jakarta, dan telah
      pendistribusian produk.                                         mendapatkan pengesahan dari Kementerian Hukum
      Palm oil cultivation, including planting, harvesting            dan Hak Asasi Manusia Republik Indonesia dengan
      and processing of fresh fruit bunches (FFB) into crude          Surat Keputusan No. C2-8176.HT.01.01.Th.96 tanggal
      palm oil (CPO), palm kernel (PK), crude palm kernel oil         26 Juli 1996, serta selanjutnya diumumkan dalam
      (CPKO), and its derivatives, as well as sales, marketing,       Berita Negara Republik Indonesia No. 839, Tambahan
      and distribution of products.                                   No. 36 tanggal 22 Februari 2011.
                                                                      Deed of Establishment No. 51 dated November
                                                                      22, 1995 made before Enimaya Agoes Suwarko, SH,
                                                                      Notary in Jakarta and restated based on the Deed dated
      Tanggal Pendirian                                               July 1, 1996 made by Replacement Notary Nadi Krida
      Date of Establishment
                                                                      Yomantara SH, Notary in Jakarta, and approved by the
      22 November 1995
                                                                      Ministry of Law and Human Rights of the Republic of
      November 22, 1995
                                                                      Indonesia under Decree No. C2-8176.HT.01.01.Th.96
                                                                      dated July 26, 1996, and subsequently published
      Status dan Bentuk Badan Hukum                                   in the Republic of Indonesia State of Gazette
      Status and Form of Legal Entity                                 No. 839, Supplement No. 36 dated February 22, 2011.
      Perusahaan Terbatas (PT) dan Perusahaan Terbuka
      Limited Liability Company (PT) and Public Company
                                                                      Jumlah Karyawan
                                                                      Number of Employees
      Modal Dasar                                                     15.766 karyawan / employees
      Authorized Capital                                              (Perseroan dan Entitas Anak / the Company and Subsidiary)
      Rp3.210.000.000.000,- atau 32.100.000.000 lembar saham          4.134 karyawan / employees
      Rp3,210,000,000,000 or 32,100,000,000 shares                    (Perseroan / the Company)



      Modal Ditempatkan dan Disetor Penuh                             Kepemilikan Saham
      Issued and Fully Paid-in Capital                                Share Ownership
      Rp952.500.000.000,- atau 9.525.000.000 lembar saham             • PT Citra Borneo Indah					             : 62,296%
      Rp952,500,000,000,- or 9,525,000,000 shares                     • PT Putra Borneo Agro Lestari				       : 8,057%
                                                                      • Masyarakat (masing-masing di bawah 5%) : 29,647%
                                                                        Public (each below 5%)




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        Pencatatan Saham                                         Kode Saham
        Share Listing                                            Ticker Code
        12 Desember 2013 di Bursa Efek Jakarta, saat ini telah   SSMS
        berubah nama menjadi Bursa Efek Indonesia.
        December 12, 2013 on the Jakarta Stock Exchange,
                                                                 Alamat Kantor Pusat
        currently changed to Indonesia Stock Exchange.
                                                                 Head Office Address
                                                                 Jl. H. Udan Said No. 47 Pangkalan Bun
                                                                 Kalimantan Tengah 74113
                                                                 T : (+62-532) 21297
        Produk Usaha
        Products                                                 F : (+62-532) 21396
        • Tandan Buah Segar / Fresh Fruit Bunches                W : www.ssms.co.id
        • Minyak Kelapa Sawit / Crude Palm Oil                   E : corporate@ssms.co.id
        • Inti Sawit / Palm Kernel
        • Minyak Inti Sawit / Crude Palm Kernel Oil
                                                                 Kontak Perseroan
        • Refined Bleached Deodorized Palm Oil (RBDPO)
                                                                 Company’s Contact
        • Refined Bleached Deodorized Palm Olein (RBDP Olein)
                                                                 Head of Corporate Secretary
        • Refined Bleached Deodorized Palm Stearin (RBDPS)
                                                                 Deni Agustinus Damayanto
        • Palm Fatty Acid Distillate (PFAD)
                                                                 Jakarta Representative Office
        • Palm Kernel Expeller (PKE)
                                                                 Equity Tower Lt. 43 Suite C-D
                                                                 Jl. Jend. Sudirman Kav. 52-53 SCBD Lot 9
                                                                 Jakarta 12190, Indonesia
        Jaringan Usaha
        Business Network                                         T : (+62-21) 2903 5401
                                                                 F : (+62-21) 2903 5405
        1 Kantor Pusat, 1 Kantor Representatif,
                                                                 E : corporate@ssms.co.id
        23 Perkebunan Kelapa Sawit, 8 Pabrik Kelapa Sawit,
        2 Pabrik Biogas, 1 Pabrik Bio-CNG, 1 Pabrik Pemurnian,
        1 Pabrik Fraksinasi, dan 2 Pabrik Kernel Crushing.
        1 Head Office, 1 Representative Office,
        23 Palm Oil Plantations, 8 Palm Oil Mills,
        2 Biogas Plants, 1 Bio-CNG Plant, 1 Refinery Plant,
        1 Fractionation Plant, and 2 Kernel Crushing Plant.




        Entitas Anak
        Subsidiaries
        •   PT Mitra Mendawai Sejati (MMS)
        •   PT Kalimantan Sawit Abadi (KSA)
        •   PT Mirza Pratama Putra (MPP)
        •   PT Sawit Multi Utama (SMU)
        •   PT Tanjung Sawit Abadi (TSA)
        •   PT Menteng Kencana Mas (MKM)
        •   SSMS Plantation Holding (SPH)
        •   SSMS Plantation International (SPI)
        •   Sawit Sumbermas International (SSI)
        •   PT Citra Borneo Utama Tbk (CBUT)




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   PT Sawit Sumbermas Sarana Tbk.




Riwayat Singkat Perusahaan
                                                                        Brief History of the Company



PT Sawit Sumbermas Sarana Tbk (SSMS) didirikan pada              PT Sawit Sumbermas Sarana Tbk (SSMS) was established in 1995
tahun 1995 dan mulai beroperasi secara komersial di sektor       and started its commercial operations in the palm oil plantation
perkebunan dan pengolahan minyak kelapa sawit pada tahun         and processing sector in 2005. Based in Central Kalimantan,
2005. Berbasis di Kalimantan Tengah, SSMS mengoperasikan         SSMS is operating mills with production capacity of 540 metric
pabrik dengan kapasitas produksi mencapai 540 metrik ton         tons of FFB per hour, establishing itself as one of the leading
TBS per jam, menjadikannya salah satu produsen kelapa sawit      palm oil producers in Indonesia. In 2013, SSMS took one step
terkemuka di Indonesia. Pada tahun 2013, SSMS melangkah          further by listing its shares on the Indonesia Stock Exchange
lebih jauh dengan mencatatkan saham di Bursa Efek Indonesia      through an Initial Public Offering (IPO), marking an important
melalui Penawaran Umum Perdana (Initial Public Offering/IPO),    milestones in strengthening its capital base and expansion of its
yang menjadi tonggak penting dalam memperkuat permodalan         business scale.
dan memperluas skala usaha.


SSMS terus memperkuat posisi sebagai perusahaan                  SSMS continues to strengthen its position as an
kelapa sawit terintegrasi. Pada tahun 2018, melalui              integrated palm oil company. In 2018, through its
Entitas Anak, PT Mitra Mendawai Sejahtera (MMS) dan              Subsidiaries, PT Mitra Mendawai Sejahtera (MMS) and
PT Kalimantan Sawit Abadi (KSA), SSMS memperluas jangkauan       PT Kalimantan Sawit Abadi (KSA), SSMS expand its business into
ke sektor energi terbarukan dengan membangun Pembangkit          renewable energy sector by constructing 1.5 MW Biomass Power
Listrik Tenaga Biomassa (PLTBM) berkapasitas 1,5 MW yang         Plant (PLTBM) that utilizes palm oil waste. The environmentally-
memanfaatkan limbah sawit. Listrik ramah lingkungan ini          friendly electricity supplies the mills operation, employee
mendukung operasional pabrik, pemukiman karyawan, serta          housing, as well as communities surrounding the operational
masyarakat sekitar area operasional. Selanjutnya, pada 19        areas. Then, on December 19, 2023, SSMS has consolidated
Desember 2023, SSMS melakukan konsolidasi terhadap               PT Citra Borneo Utama Tbk (CBUT) by increasing its share
PT Citra Borneo Utama Tbk (CBUT) dengan meningkatkan             ownership, thereby strengthening business integration from
kepemilikan sahamnya, sehingga memperkuat integrasi bisnis       upstream to downstream in the palm oil industry. SSMS currently
dari hulu ke hilir dalam industri kelapa sawit. Saat ini, SSMS   manages 23 palm oil plantations, 8 palm oil mills, and various
mengelola 23 perkebunan kelapa sawit, 8 pabrik kelapa sawit,     bio-energy and refinery facilities via 10 Subsidiaries.
dan berbagai fasilitas bioenergi dan pemurnian melalui 10
Entitas Anak.


Ke depannya, SSMS berkomitmen untuk memperluas                   Going forward, SSMS is committed to expand plantation areas,
area perkebunan, meningkatkan kapasitas produksi, dan            increasing production capacity, and enhancing its expansion in
memperkuat ekspansi di sektor energi terbarukan. Perseroan       renewable energy sector. The Company will continue to pursue
akan terus mendorong inovasi dan efisiensi sebagai bagian        innovation and efficiency as part of its sustainable growth
dari strategi pertumbuhan berkelanjutan. Dengan fokus pada       strategy. Focusing on business integration and implementation
integrasi bisnis dan penerapan prinsip keberlanjutan, SSMS       of sustainability principle, SSMS is poised to become a world-
optimis dapat menjadi perusahaan agribisnis berkelas dunia       class agribusiness company that delivers positive impact to the
yang memberikan dampak positif bagi masyarakat, lingkungan,      community, environment, and national economy.
dan perekonomian nasional.




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Visi dan Misi Perusahaan
                                                                  Company Vision and Mission




 Visi                                 Menjadi Perusahaan Perkebunan Kelas Dunia.
Vision                                     To Become a World-Class Plantation Company.




Misi                              •   Membangun bisnis perkebunan secara profesional.
                                      To build a professional plantation business.
Mission                           •   Meningkatkan nilai tambah bagi seluruh pemangku kepentingan.
                                      To add value for all stakeholders.

                                  •   Melaksanakan prinsip tata kelola perusahaan yang sempurna.
                                      To implement best practices of corporate governance.
                                  •   Menggunakan teknologi maju ramah lingkungan.
                                      To use environmentally-friendly advanced technology.

                                  •   Mengembangkan sumber daya manusia dan potensi daerah dalam
                                      semangat kemitraan.
                                      To develop human resources and local potential in a spirit of partnership.




                                  Dewan Komisaris dan Direksi telah mengkaji Visi dan Misi Perseroan untuk memastikan
                                  relevansinya dengan kondisi bisnis terkini. Berdasarkan hasil kajian, Visi dan Misi tersebut
                                  dinilai masih relevan, sehingga tidak memerlukan perubahan maupun penambahan.

                                  The Board of Commissioners and Board of Directors have reviewed the Company Vision
                                  and Mission to ensure its relevance to current business conditions. Based on the review,
                                  the Vision and Mission are deemed relevant, requiring no changes or additions.




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Nilai-Nilai Perusahaan
                                                                                                    Corporate Values

Komitmen Perseroan terhadap tata kelola berkelanjutan                    The Company’s commitment to sustainable governance is
diwujudkan melalui penerapan nilai-nilai perusahaan yang                 realized through the implementation of corporate values, which
dirancang untuk mendukung prinsip-prinsip keberlanjutan.                 were designed to support the sustainability principles. With
Melalui langkah ini, Perseroan berupaya berkontribusi pada               this measure, the Company strives to contribute in achieving
pencapaian Tujuan Pembangunan Berkelanjutan (Sustainable                 the Sustainable Development Goals (SDGs), as summarized in
Development Goals/SDGs), yang dirangkum dalam 3 Moto                     the 3 Company Mottos as follows.
Perseroan berikut.




                  Profit                                        People                                         Planet
    Berpartisipasi dalam pengembangan             Bertanggung jawab untuk memberikan             Memegang teguh komitmen untuk
    energi baru dan terbarukan (new and           perlindungan terhadap kualitas produk          menjalankan      usahanya      dengan
    renewable energy) seraya mendorong            maupun kepuasan konsumen melalui               mengedepankan          prinsip-prinsip
    inovasi yang mendukung peningkatan            kegiatan operasi yang berwawasan               keberlanjutan melalui pengembangan
    produktivitas serta terwujudnya bisnis        lingkungan      dan      berlandaskan          hubungan yang harmonis dengan
    sawit yang berkelanjutan.                     komitmen untuk menjaga kesehatan               masyarakat dan lingkungan sekitar.
    Participating in the development of           dan keselamatan di lingkungan kerja.
                                                                                                 Upholding     the    commitment       to
    new and renewable energy while                Responsible for providing assurance            conduct its business by promoting
    encouraging innovations that support          of product quality and customer                the principles of sustainability through
    productivity improvement and the              satisfaction through operations that are       the development of harmonious
    realization of a sustainable palm oil         environmentally sound and based on             relationships with the community and
    business.                                     a commitment to maintain health and            the surrounding environment.
                                                  safety in the work environment.




Moto tersebut dijabarkan lebih lanjut melalui nilai-nilai                These mottos are further elaborated in the following corporate
perusahaan berikut.                                                      values.




        Care for the                         Care for the                     Care for the                    Care for the
         Company                               People                         Environment                   Nation, Indonesia




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Bidang Usaha
                                                                                                      Line of Business


Kegiatan Usaha Berdasarkan Anggaran                                  Business Activity Based on Articles of
Dasar                                                                Association

Ruang lingkup kegiatan usaha Perseroan, sebagaimana                  As stated in Article 3 of the Company’s latest Articles of
tercantum dalam Pasal 3 Anggaran Dasar Terakhir, mencakup            Association, the Company’s activities include the fields of
bidang pertanian, kehutanan, perikanan, industri pengolahan,         agriculture, forestry, fishery, manufacturing industry, electricity
pengadaan listrik, serta perdagangan.                                supply, and trading.



Kegiatan Usaha yang Dijalankan pada                                  Business Activities in the Financial Year
Tahun Buku

Maksud dan tujuan dalam Anggaran Dasar diwujudkan melalui            Throughout 2024, following aims and objectives stated in
kegiatan usaha Perseroan sepanjang tahun 2024 sebagai                the Articles of Association, the Company carried out
berikut.                                                             the following.
1. Melaksanakan kegiatan usaha di bidang pertanian,                  1. Carrying out business activities in the fields of agriculture,
    kehutanan dan perikanan, yaitu perkebunan buah kelapa                forestry, and fishery, namely palm oil plantation, including
    sawit, mencakup usaha perkebunan mulai dari kegiatan                 plantation businesses ranging from land processing,
    pengolahan lahan, penyemaian, pembibitan, penanaman,                 seeding, planting, maintenance and harvesting of palm oil
    pemeliharaan dan pemanenan buah kelapa sawit, termasuk               fruits, as well as the nursery and seeding activities of palm
    kegiatan pembibitan dan pembenihan tanaman buah kelapa               oil fruits.
    sawit.
2. Melaksanakan kegiatan usaha di bidang industri                    2. Carrying out business activities in the processing industry,
    pengolahan, yaitu industri minyak mentah kelapa sawit               namely the crude palm oil industry, including business of
    (crude palm oil), mencakup usaha pengolahan kelapa sawit            processing palm oil into crude palm oil (CPO) that require
    menjadi minyak mentah yang masih perlu diolah lebih                 further process and this product is usually used by other
    lanjut dan biasanya produk ini dipakai oleh industri lain.          industries.
3. Melaksanakan kegiatan usaha di bidang pengadaan listrik,          3. Carrying out business activities in the field of electricity
    yaitu pembangkitan tenaga listrik, mencakup usaha                   supply, namely electricity generation, including electricity
    pembangkitan tenaga listrik dan pengoperasian fasilitas             generation business and operating plant facilities to
    pembangkit yang menghasilkan energi listrik, seperti                generate electricity, such as hydropower (hydroelectric),
    tenaga air (hidroelektrik), batu bara, gas (turbin gas), bahan      coal, gas (gas turbine), fuel oil, diesel and other renewable
    bakar minyak, diesel dan energi yang dapat diperbarui,              energy, solar, wind, ocean currents, geothermal (thermal
    tenaga surya, angin, arus laut, panas bumi (energi termal),         energy), nuclear power and others.
    tenaga nuklir dan lain-lain.
4. Melaksanakan kegiatan usaha di bidang perdagangan,                4. Carrying out business activities in the trade sector,
    antara lain:                                                        including:
    a. Perdagangan besar buah yang mengandung minyak,                   a. Wholesale of fruit containing oil, including wholesale
         mencakup usaha perdagangan besar hasil pertanian                   trade of agricultural products of fruit containing oil,
         tanaman buah yang mengandung minyak, seperti                       such as coconut and palm oil, including wholesale trade
         kelapa dan kelapa sawit termasuk perdagangan besar                 of fruit seeds containing oil; and
         bibit buah yang mengandung minyak; dan
    b. Perdagangan besar minyak dan lemak nabati,                        b. Wholesale trade of vegetable oils and fats, including
         mencakup usaha perdagangan besar minyak dan                        margarine.
         lemak nabati, termasuk margarin.




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Produk dan Jasa yang Ditawarkan                                                Products and Services

Kelompok Usaha Perseroan menjalankan 1 segmen usaha                            The Company’s Business Group conducted 1 primary business
utama, yaitu pengelolaan perkebunan kelapa sawit, dengan                       segment, namely the management of palm oil plantations, with
pemasaran produk yang terpusat di wilayah Kalimantan Tengah.                   its product marketing centered in Central Kalimantan area.
Sejak memulai operasi komersial pada tahun 2005, Perseroan                     Since its commercial operations in 2005, both the Company
bersama Entitas Anak terus berupaya mengembangkan                              and its subsidiaries continue to develop palm oil plantations
perkebunan dan pabrik kelapa sawit. Selain itu, Perseroan                      and palm oil mills. In addition, the Company is committed to
berkomitmen untuk mendorong inovasi dalam menghasilkan                         encourage product innovation in producing various palm oil
berbagai produk kelapa sawit, antara lain:                                     products, such as:


                                     Tandan buah segar (TBS) adalah hasil utama dari perkebunan kelapa sawit. Perseroan mengolah seluruh TBS
                                     yang dihasilkan dari perkebunan milik sendiri di pabrik kelapa sawit (PKS), serta TBS yang dibeli dari petani lokal
 Tandan Buah Segar (TBS)             di sekitar PKS, guna memenuhi kapasitas produksi sekaligus meningkatkan kesejahteraan petani setempat.
 Fresh Fruit Bunch (FFB)             FFB is palm oil plantation’s primary product. The Company processes all FFB produced from its own palm oil
                                     plantations in the palm oil mills (PKS), along with the FFB purchased from plantations owned by local farmers
                                     close to the PKS, to meet the production capacity and improve the welfare of local farmers.
                                     Produk utama Perseroan adalah minyak kelapa sawit atau crude palm oil (CPO). Sebagai salah satu produsen
                                     CPO swasta terbesar di Kalimantan Tengah, Perseroan memproduksi CPO dari TBS yang dihasilkan oleh 23
                                     kebun kelapa sawit melalui 8 PKS di area operasional perkebunan Perseroan. CPO diekstraksi dari mesocarp,
 Minyak Kelapa Sawit atau Crude
                                     yaitu bagian daging buah kelapa sawit.
 Palm Oil (CPO)
                                     The Company’s primary product is crude palm oil (CPO). As one of the largest private CPO producers in Central
 Crude Palm Oil (CPO)
                                     Kalimantan, the Company produces CPO from FFB harvested from 23 palm oil plantations in 8 PKS located
                                     within Company’s palm oil plantations operational areas. CPO is extracted from the mesocarp, a fleshy portion
                                     of the palm oil fruit.
                                     Selama proses produksi CPO, Perseroan juga menghasilkan inti sawit (palm kernel/PK) dari biji kelapa sawit
 Inti Sawit atau Palm Kernel (PK)    yang dikumpulkan. PK ini kemudian diekstraksi menjadi minyak inti sawit atau palm kernel oil (PKO).
 Palm Kernel (PK)                    Throughout the CPO production process, the Company also produces palm kernel (PK) from the palm seeds
                                     collected. The PK will later be extracted into palm kernel oil (PKO).
                                     Perseroan memiliki kemampuan untuk memproduksi CPKO yang diekstrak dari biji kelapa sawit atau inti
                                     sawit. Proses ini dilakukan melalui ekstraksi mekanis dari kernel yang telah dikeringkan di pabrik kelapa sawit,
 Minyak Inti Sawit atau Crude
                                     menggunakan metode vakum parsial untuk mengurangi kadar asam lemak bebas dalam minyak mentah.
 Palm Kernel Oil (CPKO)
                                     The Company can produce CPKO, which is extracted from palm kernel seeds or palm kernel. This process
 Crude Palm Kernel Oil (CPKO)
                                     involved a mechanical extraction of kernels dried in palm oil mills, using partial vacuum process to lower the
                                     free fatty acid content in the crude oil.
                                     RBDPO adalah CPO yang telah melalui proses pemutihan, penghilangan asam lemak bebas, dan penghilangan
 Refined Bleached Deodorized         aroma tidak sedap. RBDPO dapat diolah lebih lanjut menjadi produk Olein dan Stearin.
 Palm Oil (RBDPO)                    RBDPO is a CPO that has undergone a bleaching process, removal of free fatty acids and unpleasant odor.
                                     RBDPO can be further processed into Olein and Stearin products.
                                     Olein merupakan fraksi cair yang dihasilkan dari proses fraksinasi RBDPO setelah kristalisasi pada suhu
                                     terkontrol. Olein memiliki ketahanan oksidasi yang baik, umur simpan yang lama, serta tidak memiliki rasa atau
 Refined Bleached Deodorized         aroma. Cairan keemasan bening ini merupakan produk akhir minyak goreng.
 Palm Olein (RBDP Olein)             Olein is the liquid fraction generated from the RBDPO fractionation process after crystallization at controlled
                                     temperatures. Olein has good oxidation resistance, long shelf-life, as well as tasteless and odorless. This clear
                                     golden liquid is the end product of cooking oil.
                                     Stearin adalah fraksi padat yang dihasilkan dari fraksinasi RBDPO setelah kristalisasi pada suhu terkontrol.
                                     Stearin berfungsi sebagai komponen lemak padat alami dalam produk, seperti shortening, margarin, dan mi
 Refined Bleached Deodorized         instan.
 Palm Stearin (RBDPS)                Stearin is a solid fraction generated from the RBDPO fractionation process after crystallization at controlled
                                     temperatures. Stearin functions as natural solid fat component for products, such as shortening, margarine
                                     and instant noodles.
                                     PFAD adalah produk sampingan dari proses pemurnian CPO yang mengandung asam lemak bebas, komponen
                                     karotenoid, dan senyawa volatil lainnya. PFAD memiliki aroma khas dan digunakan sebagai bahan baku
                                     oleokimia, biofuel, dan sabun kalsium.
 Palm Fatty Acid Distillate (PFAD)
                                     PFAD is CPO refinery process by-product containing free fatty acids, carotenoid components, and other volatile
                                     compounds. PFAD has a distinctive aroma and used as a raw material to produce oleochemicals, biofuels, and
                                     calcium soap.
                                     PKE adalah produk sampingan yang dihasilkan dari proses penghancuran dan penyerapan minyak inti sawit.
                                     Berbentuk serbuk, PKE banyak dimanfaatkan sebagai pakan ternak karena kandungan protein kasarnya yang
 Palm Kernel Expeller (PKE)          tinggi.
                                     PKE is a by-product from the process of crushing and absorbing palm kernel oil. In its powder form, PKE is
                                     widely used as animal feed due to its high crude protein content.




2024 Annual Report                                                                                                                                   59
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     PT Sawit Sumbermas Sarana Tbk.




Wilayah Operasional
                                                                                                          Operational Area


                         Singapura
                         Singapore
                              3




                                          Kalimantan Tengah
                                          Central Kalimantan

 2     12




       Total Luas Lahan Dikelola                  Jumlah Petani Plasma yang Menjadi Mitra
                                                                                                          Potensi Minyak dalam TBS
           (Inti Dan Plasma)                                    Perusahaan
                                                                                                              Fat Content in FFB
Total Managed Area (Nucleus and Plasma)            Number of Independent Smallholders


              115.571
              Hektare / Hectares
                                                                 5.883
                                                                Orang / Farmers
                                                                                                                  5,3
                                                                                                                   Ton/Ha


         Hektar Luas Lahan Lainnya                 Total Kapasitas Pengolahan Kelapa Sawit                Perkebunan Kelapa Sawit
                 Other Area                          Total Palm Oil Processing Capacity                      Palm Oil Plantation



              33.040
              Hektare / Hectares
                                                                    540
                                                                    MT Ton/H
                                                                                                                   23
                                                                                                      Jumlah Estate / Total Estate

  Luas Lahan Perseroan Memperoleh                     Luas Lahan Ditanami Kelapa Sawit                 Pabrik Kelapa Sawit (PKS)
        Hak Guna Usaha (HGU)                               Menghasilkan (Mature)                          Bersertifikat RSPO
      Land with Cultivation Rights                             Mature Area                            RSPO Certified Palm Oil Mill


              54.714
              Hektare / Hectares
                                                               81.604
                                                               Hektare / Hectares
                                                                                                                     8
                                                                                                                    Unit

 Luas Lahan Perkebunan Petani Plasma              Luas Lahan Ditanami Kelapa Sawit Belum
                                                                                                          Pabrik Kelapa Sawit (PKS)
     yang Menjadi Mitra Perusahaan                       Menghasilkan (Immature)
                                                                                                             Palm Oil Mill (POM)
 Total Area of Independent Smallholders                       Immature Area


              22.347
              Hektare / Hectares
                                                                 1.031
                                                               Hektare / Hectares
                                                                                                                     8
                                                                                                                    Unit

Pabrik Biogas             Pabrik Bio-CNG               Pabrik Pemurnian              Pabrik Fraksinasi             Pabrik Kernel Crushing
Biogas Plants             Bio-CNG Plant                  Refinery Plant             Fractionation Plant            Kernel Crushing Plant


        2
       Unit
                                   1
                                   Unit
                                                                1
                                                               Unit
                                                                                             1
                                                                                             Unit
                                                                                                                            2
                                                                                                                            Unit




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                                                                                                                         Kantor Pusat
                                                                                                                         Head Office

                                                                                                                         Kantor Perwakilan
                                                                       8                                                 Representative Office
                          9                                                                                              Perkebunan
                                                                                                                         Estate

                                                                                                                         Pabrik
                                                                                                                         Mill

                          6                                                                                              Kilang Minyak
                                                                                                                         Refinery

                                                                                                                         Pabrik Fraksinasi
                                                                                                                         Fractionation Plant

               10                                                                                                        Pelabuhan
                                                                                                                         Port




               7




                                                                                                  5



          1         11    13       14

                                                                       4




   No                Tipe / Type                   Rincian / Details                             Lokasi / Location

 Upstream & Midstream - SSMS
          HO                            Kantor Pusat                       Pangkalan Bun, Kalimantan Tengah
    1
          HO                            Head Office                        Pangkalan Bun, Central Kalimantan
          Kantor                        Kantor Perwakilan                  SCBD, Jakarta
    2
          Office                        Representative Office              SCBD, Jakarta
          Kantor                        Kantor Perdagangan                 Singapura
    3
          Office                        Trading Office                     Singapore
                                        MMS
          Perkebunan                                                       Kotawaringin Barat, Kalimantan Tengah
    4                                   2 perkebunan + pabrik
          Estate                                                           West Kotawaringin, Central Kalimantan
                                        2 estates + mill
                                        MKM
          Perkebunan                                                       Pulau Pisau, Kalimantan Tengah
    5                                   3 perkebunan + pabrik
          Estate                                                           Pulang Pisau, Central Kalimantan
                                        3 estates + mill
                                        MPP
          Perkebunan                                                       Lamandau, Kalimantan Tengah
    6                                   1 perkebunan + pabrik
          Estate                                                           Lamandau, Central Kalimantan
                                        1 estate + mill
                                        KSA
          Perkebunan                                                       Kotawaringin Barat, Kalimantan Tengah
    7                                   2 perkebunan + pabrik
          Estate                                                           West Kotawaringin, Central Kalimantan
                                        2 estates + mill
                                        TSA
          Perkebunan                                                       Lamandau, Kalimantan Tengah
    8                                   3 perkebunan + pabrik
          Estate                                                           Lamandau, Central Kalimantan
                                        3 estates + mill
                                        SMU
          Perkebunan                                                       Lamandau, Kalimantan Tengah
    9                                   5 perkebunan + pabrik
          Estate                                                           Lamandau, Central Kalimantan
                                        5 estates + mill
                                        SSMS
          Perkebunan                                                       Kotawaringin Barat, Kalimantan Tengah
   10                                   7 perkebunan + 2 pabrik
          Estate                                                           West Kotawaringin, Central Kalimantan
                                        7 estates + 2 mills
 Downstream - CBUT
          HO                            Kantor Pusat                       Pangkalan Bun, Kalimantan Tengah
   11
          HO                            Head Office                        Pangkalan Bun, Central Kalimantan
          Kantor                        Kantor Perwakilan                  SCBD, Jakarta
   12
          Office                        Representative Office              SCBD, Jakarta
          Pabrik                        Kilang Minyak                      Pangkalan Bun, Kalimantan Tengah
   13
          Plant                         Refinery                           Pangkalan Bun, Central Kalimantan
          Pabrik                        Pabrik Fraksinasi                  Pangkalan Bun, Kalimantan Tengah
   14
          Plant                         Fractionation Plant                Pangkalan Bun, Central Kalimantan




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  PT Sawit Sumbermas Sarana Tbk.




Lahan Kelapa Sawit yang Telah Memperoleh Hak Guna Usaha
Land with Cultivation Rights

            Luas Lahan
 Entitas     (Hektar)                                      Lokasi                                               Masa Berlaku
 Entity        Area                                       Location                                              Validity Period
            (Hectares)

                            Arut Utara, Kabupaten Kotawaringin Barat /                             24 September 2039 dan 24 September 2042 /
  SSS         16.984,83
                            North Arut, West Kotawaringin Regency                                  September 24, 2039 and September 24, 2042

                            Natai Baru, Rungun, Kabupaten Kotawaringin Barat /
  KSA          5.727,29                                                                             24 September 2042 / September 24, 2042
                            Natai Baru, Rungun, West Kotawaringin Regency

                            Umpang, Runtu, Kabupaten Kotawaringin Barat /                             24 September 2042 dan 19 Juli 2057 /
  MMS         10.036,14
                            Umpang, Runtu, West Kotawaringin Regency                                  September 24, 2042 and July 19, 2057

                            Nanga Koring, Sungkup, Melata, Nanuah, Topalan, Lamandau /
  TSA          6.412,21                                                                                    29 Mei 2052 / May 29, 2052
                            Nanga Koring, Sungkup, Melata, Nanuah, Topalan, Lamandau

                            Pedongatan, Nanga Koring, Toka, Sepondam, Merambang, Batu Tunggal,
  SMU          8.959,97     Lamandau / Pedongatan, Nanga Koring, Toka, Sepondam, Merambang,                29 Mei 2052 / May 29, 2052
                            Batu Tunggal, Lamandau

  MKM          2.634,98     Pulang Pisau / Pulang Pisau                                             21 September 2053 / September 21, 2053

  MPP          3.416,99     Lamandau / Lamandau                                                       9 September 2056 / September 9, 2056




Fasilitas Pabrik
Plant Facilities

                          Nama                                  Tahun Berdiri                          Kapasitas Produksi
                          Name                              Year of Establishment                      Production Capacity

 Pabrik Kelapa Sawit (PKS) / Palm Oil Mill (POM)

  PKS Selangkun                                                          2013                         60 ton/jam / 60 tons/hour

  PKS Malata                                                             2013                         60 ton/jam / 60 tons/hour

  PKS Nanga Kiu                                                          2015                         75 ton/jam / 75 tons/hour

  PKS Sulung                                                             2016                         90 ton/jam / 90 tons/hour

  PKS Natai Baru                                                         2009                         60 ton/jam / 60 tons/hour

  PKS Suayap                                                             2011                         60 ton/jam / 60 tons/hour

  PKS Sumber Cahaya                                                      2019                         60 ton/jam / 60 tons/hour

  PKS Kanamit                                                            2019                         75 ton/jam / 75 tons/hour

 Pabrik Inti Sawit / Palm Kernel Mill

  KCP Suayap                                                             2011                         10 ton/jam / 10 tons/hour

 Pabrik Biogas / Biogas Plants

  Pabrik Biogas Suayap / Suayap Biogas Plant                             2018                                  1,5 MW

  Pabrik Biogas Natai Baru / Natai Baru Biogas Plant                     2023                                  1,5 MW

  Pabrik Bio-CNG Natai Baru / Natai Baru Bio-CNG Plant                   2023                      4.800 Nm3/hari / 4,800 Nm3/day

                                                                                             2.500 MT/hari atau 850.000 MT/tahun /
  Pabrik Pemurnian / Refinery Plant
                                                                                                2,500 MT/day or 850,000 MT/year

                                                                                             2.500 MT/hari atau 850.000 MT/tahun /
  Pabrik Fraksinasi / Fractionation Plant
                                                                                                2,500 MT/day or 850,000 MT/year

                                                                                                 600 MT/hari atau 192.000 MT/tahun /
  Pabrik Kernel Crushing / Kernel Crushing Plant
                                                                                                   600 MT/day or 192,000 MT/year




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Keanggotaan Asosiasi
                                                           Association Membership


                            Nama Organisasi                        Sifat Keanggotaan
                           Organization Name                      Nature of Membership

  Perhimpunan Mikrobiologi Indonesia (PERMI) /
                                                               Anggota Biasa / Regular Member
  Indonesian Society for Microbiology (PERMI)

  Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI) /
                                                               Anggota Biasa / Regular Member
  Indonesian Palm Oil Association (IPOA)

  Asosiasi Petani Kelapa Sawit Mandiri (APKSM)            Pendamping Asosiasi / Associate Companion

  Roundtable Sustainable Palm Oil (RSPO)                       Anggota Biasa / Regular Member

  Indonesian Sustainable Palm Oil (ISPO)                       Anggota Biasa / Regular Member

  Filantropi                                                   Anggota Biasa / Regular Member

  Task Force (Substantif) RSPO dari Indonesia Growers /
                                                               Anggota Biasa / Regular Member
  Task Force (Substantive) RSPO from Indonesia Growers




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   PT Sawit Sumbermas Sarana Tbk.




Struktur Organisasi
                                                                                                   Organizational Structure


Struktur     Organisasi     Perseroan       disusun    dengan
mempertimbangkan perkembangan bisnis dan kebutuhan
organisasi di masa depan. Dewan Komisaris dan Direksi telah
mengkaji serta menyetujui struktur ini, sebagaimana tercantum
dalam Surat Keputusan No. F-HRDGA.GN-001 tanggal
31 Desember 2024.
                                                                                                        Komite Nominasi dan Remunerasi
Company’s Organizational Structure has been prepared by                                              Nomination and Remuneration Committee
considering future business development and organizational
needs. This structure have been reviewed and approved by
the Board of Commissioners and the Board of Directors,
as stated in Decree No. F-HRDGA.GN-001 dated
December 31, 2024.




                                                                              Wakil Presiden Keuangan
                                                                               Vice President Finance

                                                                                    Jahja Tanudjaja A.




        Audit Internal &
      Manajemen Resiko                  Pemasaran dan Penjualan     Keuangan Perusahaan                     Perpajakan          Sosial & Kemitraan
     Internal Audit & Risk                Sales and Marketing        Corporate Finance                       Taxation          Social & Partnership
         Management

       Anjar Widiarso                        Roshan C. Valautham    Arie Raymond Pardosi                Sukardi A. Karim            Bobby Lawi




                                                                    Hubungan Perbankan &
 Kantor Perwakilan Jakarta               Manajemen Rantai Pasok          Pemerintah               Penjamin Risiko Perusahaan       Kontrol Mutu
Jakarta Representative Office           Supply Chain Management        Government &                Corporate Risk Assurance       Quality Control
                                                                      Banking Relation

     Sunggu Situmorang                        Ernis Desidistrisna    Sunggu Situmorang               Abner Herdian P. Putra        Dennis Irawan
                                                                                                                                   Andri Mursalim
                                                                                                                               M. Kiky Yudha Nugraha




                        Teknologi Informasi                                          Pengawas Keuangan
                      Information Technology                                         Financial Controller


                             Untung Efendi                                        Adrianus Herianto Kaban




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         Rapat Umum Pemegang Saham
        General Meeting of Shareholders




                Dewan Komisaris                                                                                 Komite Audit
             Board of Commissioners                                                                            Audit Committee




                Direktur Utama
  President Director & Chief Executive Officer

                         Jap Hartono




                    Direktur                                                                                                    Group Head Corporate
        Director & Chief Operating Officer                                                                                        Secretary & Legal

                        Akhmad Faisyal                                                                                       Deni Agustinus Damayanto


                                                                                                                                Corporate Communication


                                                                                                                                      Investor Relation
  Kepala Perkebunan                            SDM & Pelayanan Perusahaan
  Head of Plantation                             HR & Corporate Services
                                                                                                                                      Corporate Legal
        Purnomo                                       Hendri Ratoe Bachtiar
                                                                                                                                   Corporate Secretary




     Teknik Upstream                     SDM & Pelayanan                       Medis        Penelitian & Pengembangan            Divisi Perkebunan
    Upstream Technical                    HR & Services                       Medical        Research & Development           Estate Plantation Division


      M. Join Zulfian                    Rachmad Hidayat                 Muchlis Yusuf          Fizrul Indra Lubis              Ade Irawan Harahap




                                       Tanggung Jawab Sosial
    Perkebunan Regional                     Perusahaan                  Legal & Perijinan         Keberlanjutan
    Regional Plantation                   Corporate Social               Legal & License          Sustainability
                                           Responsibility

        Regional I                         Miran Suhardi                Johan Gunawan          Henky Satrio Wibowo
   Halasan R. Napitupulu
        Regional II
         Sariyanto
       Regional III
      Adam Silvanus
                                                                                                               Penasehat Perkebunan
                                                                                                                 Plantation Advisor


                                                                                                                 Yasin Suhartono
                                                                                                                Kartua Situmorang
                                                                                                            Devadas K. P. Sankaran Nair
                                                                                                               Sethupathy Ponniah
                                                                                                                  Ahmad Tarmizi
                                                                                                              M. Ratha Bin Abdullah




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Profil Dewan Komisaris
                                             Profile of Board of Commissioners




              Hoesen            Prof. Dr. Ir. Bungaran Saragih   Ir. Rimbun Situmorang
        Komisaris Independen            Komisaris Utama                 Komisaris
     Independent Commissioner        President Commissioner           Commissioner




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   PT Sawit Sumbermas Sarana Tbk.




                                             Prof. Dr. Ir. Bungaran Saragih
                                             Komisaris Utama
                                             President Commissioner


                                             Warga Negara Indonesia, berusia 79 tahun, berdomisili di Jakarta, Indonesia.
                                             Indonesian Citizen, 79 years old, domiciled in Jakarta, Indonesia.




      Periode Jabatan                     Riwayat Penunjukan
      Term of Office                      Appointment History
2023-2028, Periode ke-3
                                    Menjabat sebagai Komisaris Utama Perseroan sejak 12 Agustus 2013 berdasarkan
2023-2028, 3rd Period
                                    Akta Keputusan Rapat tanggal 12 Agustus 2013 untuk periode kerja 2013-2018.
                                    Pengangkatannya diperpanjang melalui Akta Keputusan Rapat tanggal 22 Oktober 2018
      Keahlian                      untuk periode kerja 2018-2023, dan diangkat kembali untuk ketiga kalinya pada tanggal
      Expertise                     5 Desember 2023 untuk periode 2023-2028.
                                    Serving as the Company’s President Commissioner since August 12, 2013, based on
Ilmu Pertanian dan Ekonomi.
                                    the Deed of Meeting Resolution dated August 12, 2013, for the 2013–2018 working
Agriculture and Economics.
                                    period. His appointment was extended with the Deed of Meeting Resolution dated
                                    October 22, 2018 for the 2018-2023 working period, and reappointed for the third times
                                    on December 5, 2023 for the 2023-2028 working period.




                                          Riwayat Pendidikan
                                          Education History
                                    •   Doktor bidang Philosophy on Economics, North Carolina State University (1980);
                                    •   Magister Ekonomi dengan bidang minor Statistik, Departemen Ekonomi dan Bisnis,
                                        North Carolina State University (1977); serta
                                    •   Sarjana Ekonomi Pertanian, Fakultas Pertanian, Institut Pertanian Bogor (1971).
                                    •   Doctor of Philosophy on Economics, North Carolina State University (1980);
                                    •   Master of Economics with a minor in Statistics, Department of Economics and
                                        Business, North Carolina State University (1977); and
                                    •   Bachelor of Agricultural Economics, Faculty of Agriculture, Institut Pertanian Bogor
                                        (1971).




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       Hubungan Afiliasi
       Affiliation
Tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, serta Pemegang Saham Utama dan Pengendali.
Has no affiliation with the Board of Commissioners, Board of Directors, as well as the Major and Controlling Shareholders.


       Kepemilikan Saham
       Shareholding
Tidak memiliki saham di Perseroan, baik langsung maupun tidak langsung.
Has no share in the Company, both directly or indirectly.




       Rangkap Jabatan
       Concurrent Position
•   Komisaris Utama PT Palma Serasih Tbk (sejak 2021);               •   President Commissioner of PT Palma Serasih Tbk
                                                                         (since 2021);
•   Advisor PT East West Seed Indonesia (sejak 2015);                •   Advisor of PT East West Seed Indonesia (since 2015);
•   Chairman Agribusiness Strategy Policy Institute                  •   Chairman of Agribusiness Strategy Policy Institute
    (sejak 2014); serta                                                  (since 2014); and
•   Chairman Borneo Orang Utan Fondation (sejak 2008).               •   Chairman of Borneo Orang Utan Fondation (since 2008).




       Pengalaman Kerja
       Work Experience
Berkarier selama lebih dari 45 tahun di industri perkebunan          45+ years of career in palm oil industry and served in various
kelapa sawit dan menduduki berbagai jabatan, antara lain:            positions, such as:
• Komisaris Utama PT Pupuk Indonesia (Juni 2015-Juni 2020);          • President Commissioner of PT Pupuk Indonesia (June 2015-
                                                                         June 2020);
•   Komisaris PT Rea Kaltim Plantations (2007);                      • Commissioner of PT Rea Kaltim Plantations (2007);
•   Ketua Dewan Pembina Borneo Orangutan Survival                    • Chairman of Trustees of Borneo Orangutan Survival
    Foundation (2006);                                                   Foundation (2006);
•   Penasihat PT Japfa Comfeed Indonesia Tbk (2006);                 • Advisor of PT Japfa Comfeed Indonesia Tbk (2006);
•   Ketua Dewan Gubernur International Fund for Agricultural         • Chairman of Governing Council of International Fund for
    Development;                                                         Agricultural Development;
•   Menteri Pertanian Republik Indonesia (2001-2004); serta          • Minister of Agriculture of Republic of Indonesia (2001-
                                                                         2004); and
•   Menteri Pertanian dan Kehutanan Republik Indonesia               • Minister of Agriculture and Forestry of Republic of Indonesia
    (2000-2001).                                                         (2000-2001).




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                                             Hoesen
                                             Komisaris Independen
                                             Independent Commissioner


                                             Warga Negara Indonesia, berusia 58 tahun, berdomisili di Jakarta, Indonesia.
                                             Indonesian Citizen, 58 years old, domiciled in Jakarta, Indonesia.




      Periode Jabatan                     Riwayat Penunjukan
      Term of Office                      Appointment History
2022-2027, Periode ke-1
                                    Menjabat sebagai Komisaris Independen Perseroan untuk pertama kalinya sejak
2022-2027, 1st Period
                                    30 September 2022 berdasarkan Akta Keputusan Rapat No. 64 tanggal 30 September 2022
                                    untuk periode kerja 2022-2027.
      Keahlian                      Serving as the Company’s Independent Commissioner for the first time since September
      Expertise                     30, 2022, based on the Deed of Meeting Resolutions No. 64 dated September 30, 2022,
                                    for the 2022–2027 working period.
Ilmu Pertanian dan Ekonomi.
Agriculture and Economics.


                                          Riwayat Pendidikan
                                          Education History
                                    •   Master Manajemen Keuangan, Universitas Pelita Harapan, Jakarta; serta
                                    •   Sarjana Pertanian, Universitas Padjajaran (1990).
                                    •   Master in Financial Management, Universitas Pelita Harapan, Jakarta; and
                                    •   Bachelor of Agriculture, Universitas Padjajaran (1990).




                                          Rangkap Jabatan
                                          Concurrent Position
                                    •   Komisaris Independen PT Samudera Indonesia Tbk (sejak 2023);
                                    •   Komisaris Utama merangkap Komisaris Independen dan Anggota Komite Audit
                                        PT Mandiri Sekuritas (sejak 2023);
                                    •   Komisaris Utama PT Kliring Penjaminan Efek Indonesia (sejak 2023);
                                    •   Ketua Komite Audit Perseroan (sejak 2022); serta
                                    •   Ketua Komite Nominasi dan Remunerasi Perseroan (sejak 2024).
                                    •   Independent Commissioner of PT Samudera Indonesia Tbk (since 2023);
                                    •   President Commissioner, Independent Commissioner, and Audit Committee Member of
                                        PT Mandiri Sekuritas (since 2023);
                                    •   President Commissioner of PT Kliring Penjaminan Efek Indonesia (since 2023);
                                    •   Chairman of the Company’s Audit Committee (since 2022); and
                                    •   Chairman of the Company’s Nomination and Remuneration Committee (since 2024).




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       Hubungan Afiliasi
       Affiliation
Tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, serta Pemegang Saham Utama dan Pengendali.
Has no affiliation with the Board of Commissioners, Board of Directors, as well as the Major and Controlling Shareholders.


       Kepemilikan Saham
       Shareholding
Tidak memiliki saham di Perseroan, baik langsung maupun tidak langsung.
Has no share in the Company, both directly or indirectly.




       Pengalaman Kerja
       Work Experience
Berkarier selama lebih dari 30 tahun di industri keuangan, dan       30+ years of career in financial industry, and served in various
menduduki berbagai jabatan, antara lain:                             positions, such as:
• Kepala Eksekutif Pengawas Pasar Modal merangkap                    • Executive Head of Capital Market Supervisor and Board
   Anggota Dewan Komisioner Pasar Modal Otoritas Jasa                    of Commissioners of Capital Market Member, Financial
   Keuangan (2017-2022);                                                 Services Authority (2017-2022);
• Komisaris PT Danareksa Capital (2015-2017);                        • Commissioner of PT Danareksa Capital (2015-2017);
• Komisaris PT Danareksa Investment Management                       • Commissioner of PT Danareksa Investment Management
   (2015-2017);                                                          (2015-2017);
• Direktur PT Danareksa (Persero) (2015-2017);                       • Director of PT Danareksa (Persero) (2015-2017);
• Direktur Penilaian Perusahaan PT Bursa Efek Indonesia              • Director of Corporate Valuation of PT Bursa Efek Indonesia
   (2012-2015);                                                          (2012-2015);
• Direktur Utama PT Kliring Penjaminan Efek Indonesia                • President Director of PT Kliring Penjaminan Efek Indonesia
   (2009-2012); serta                                                    (2009-2012); and
• Direktur PT Kliring Penjaminan Efek Indonesia (2006-2009).         • Director of PT Kliring Penjaminan Efek Indonesia (2006-2009).




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   PT Sawit Sumbermas Sarana Tbk.




                                             Ir. Rimbun Situmorang
                                             Komisaris
                                             Commissioner

                                             Warga Negara Indonesia, berusia 57 tahun, berdomisili di Pangkalan Bun,
                                             Kalimantan Tengah, Indonesia.
                                             Indonesian Citizen, 57 years old, domiciled in Pangkalan Bun,
                                             Central Kalimantan, Indonesia.




      Periode Jabatan                     Riwayat Penunjukan
      Term of Office                      Appointment History
2021-2026, Periode ke-2
                                    Menjabat sebagai Komisaris Perseroan untuk pertama kalinya berdasarkan Akta
2021-2026, 2nd Period
                                    Keputusan Rapat No. 22 tanggal 31 Agustus 2016 untuk periode kerja 2016-2021. Beliau
                                    diangkat kembali berdasarkan Akta Keputusan Rapat No. 55 tanggal 28 Mei 2021 untuk
      Keahlian                      periode kerja 2021-2026.
      Expertise                     Serving as the Company’s Commissioner for the first time based on the Deed of Meeting
                                    Resolutions No. 22 dated August 31, 2016, for the 2016–2021 working period. He was
Ilmu Pertanian dan Ekonomi.
                                    reappointed based on the Deed of Meeting Resolutions No. 55 dated May 28, 2021, for
Agriculture and Economics.
                                    the 2021–2026 working period.




                                          Riwayat Pendidikan
                                          Education History
                                    •   Magister Manajemen, Sekolah Tinggi PPM Manajemen; serta
                                    •   Sarjana Teknik, Institut Teknologi Tumpal Dorianus Pardede (1989).
                                    •   Master of Management, Sekolah Tinggi PPM Manajemen; and
                                    •   Bachelor of Engineering, Institut Teknologi Tumpal Dorianus Pardede (1989).




                                          Rangkap Jabatan
                                          Concurrent Position
                                    •   Direktur PT Pelayaran Lingga Marintama; serta
                                    •   Komisaris Utama PT BPR Lingga Sejahtera.
                                    •   Director of PT Pelayaran Lingga Marintama; and
                                    •   President Commissioner of PT BPR Lingga Sejahtera.




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       Hubungan Afiliasi
       Affiliation
Tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, serta Pemegang Saham Utama dan Pengendali.
Has no affiliation with the Board of Commissioners, Board of Directors, as well as the Major and Controlling Shareholders.


       Kepemilikan Saham
       Shareholding
Tidak memiliki saham di Perseroan, baik langsung maupun tidak langsung.
Has no share in the Company, both directly or indirectly.




       Pengalaman Kerja
       Work Experience
Berkarier selama lebih dari 30 tahun di industri perkebunan          30+ years of career in palm oil industry and served in various
kelapa sawit, dan menduduki berbagai jabatan, antara lain:           positions, such as::
• Direktur PT Pesona Citra Propertindo (2019-2023);                  • Director of PT Pesona Citra Propertindo (2019-2023);
• Direktur Utama PT Citra Kencanamas Abadi (2017-2022);              • President Director of PT Citra Kencanamas Abadi (2017-2022);
• Direktur Utama PT Citra Borneo Chemical (2016-2022);               • President Director of PT Citra Borneo Chemical (2016-2022);
• Komisaris Utama PT Citra Borneo Utama (2013-2022);                 • President Commissioner of PT Citra Borneo Utama
                                                                         (2013-2022);
•   Direktur Utama PT Surya Borneo Industri (2013-2021);             • President Director of PT Surya Borneo Industri (2013-2021);
•   Direktur Utama PT Sawit Sumbermas Sarana (2013-2016);            • President Director of PT Sawit Sumbermas Sarana (2013-2016);
•   Direktur Utama PT Citra Borneo Indah (2011-2022);                • President Director of PT Citra Borneo Indah (2011-2022);
•   Komisaris Utama PT Pelayaran Senggora (2011-2017);               • President Commissioner of PT Pelayaran Senggora (2011-2017);
•   Komisaris Utama PT Kalimantan Sawit Abadi (2011-2013);           • President Commissioner of PT Kalimantan Sawit Abadi
                                                                         (2011-2013);
•   Direktur PT Ahmad Saleh Perkasa (2009-2011);                     • Director of PT Ahmad Saleh Perkasa (2009-2011);
•   Komisaris PT Sawit Multi Utama (2009-2011);                      • Commissioner of PT Sawit Multi Utama (2009-2011);
•   Direktur Utama PT Tanjung Sawit Abadi (2005-2011);               • President Director of PT Tanjung Sawit Abadi (2005-2011);
•   Direktur PT Sawit Mandiri Lestari (2005-2007);                   • Director of PT Sawit Mandiri Lestari (2005-2007);
•   Direktur PT Sawit Multi Utama (2005-2007);                       • Director of PT Sawit Multi Utama (2005-2007);
•   Direktur PT Citra Borneo Indah (2005-2007);                      • Director of PT Citra Borneo Indah (2005-2007);
•   Direktur PT Kalimantan Sawit Abadi (2005-2007);                  • Director of PT Kalimantan Sawit Abadi (2005-2007);
•   Direktur PT Sawit Sumbermas Sarana (2005-2007);                  • Director of PT Sawit Sumbermas Sarana (2005-2007);
•   Direktur PT Tanjung Sawit Abadi (2005-2007);                     • Director of PT Tanjung Sawit Abadi (2005-2007);
•   Direktur PT Mitra Mendawai Sejati (2005-2007);                   • Director of PT Mitra Mendawai Sejati (2005-2007);
•   Direktur Utama PT Tanjung Sawit Abadi (2003-2005);               • President Director of PT Tanjung Sawit Abadi (2003-2005);
•   Komisaris PT Citra Borneo Indah (2000-2003);                     • Commissioner of PT Citra Borneo Indah (2000-2003);
•   Marketing Manager PT Mendawai Putra (1997-1999);                 • Marketing Manager of PT Mendawai Putra (1997-1999);
•   Head of Commerce PT Barito Putra Nirwana (1994-1997);            • Head of Commerce of PT Barito Putra Nirwana (1994-1997);
•   Forestry & Shipping Staff PT Rimba Karya Kalimantan              • Forestry & Shipping Staff of PT Rimba Karya Kalimantan
    (1992-1994); serta                                                   (1992-1994); and
•   Staf PT Tanjung Lingga (1991-1992).                              • Staff of PT Tanjung Lingga (1991-1992).




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Perubahan Komposisi                                          Change in Board of
Anggota Dewan Komisaris                                      Commissioners Composition

Tidak terdapat perubahan komposisi anggota Dewan Komisaris   There was no changes in Board of Commissioners composition
selama tahun 2023 hingga Laporan Tahunan ini diterbitkan.    throughout 2023 until the publication of this Annual Report.




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                                                             Profil Perusahaan
                                                               Company Profile




Profil Direksi
                                          Profile of Board of Directors




                     Jap Hartono            Akhmad Faisyal
                      Direktur Utama            Direktur
                     President Director         Director




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   PT Sawit Sumbermas Sarana Tbk.




                                                Jap Hartono
                                                Direktur Utama
                                                President Director

                                                Warga Negara Indonesia, berusia 53 tahun, berdomisili di Pangkalan Bun,
                                                Kalimantan Tengah, Indonesia.
                                                Indonesian Citizen, 53 years old, domiciled in Pangkalan Bun,
                                                Central Kalimantan, Indonesia.




      Periode Jabatan                        Riwayat Penunjukan
      Term of Office                         Appointment History
2024-2029, Periode ke-1
                                       Menjabat sebagai Direktur Utama Perseroan untuk pertama kalinya berdasarkan
2024-2029, 1st Period
                                       Akta Keputusan Rapat No. 62 tanggal 25 April 2024 untuk periode kerja 2024-2029.
                                       Serving as President Director of the Company for the first time based on the Deed of
      Keahlian                         Meeting Resolutions No. 62 dated April 25, 2024, for the 2024–2029 working period.
      Expertise
Administrasi Bisnis dan Keuangan.
Business Administration and Finance.         Tugas dan Tanggung Jawab
                                             Duties and Responsibilities

                                       Bertanggung jawab atas seluruh aktivitas Perusahaan dan berperan sebagai koordinator
                                       atas seluruh pelaksanaan fungsi, tugas dan tanggung jawab di jajaran Direksi.
                                       Responsible for all Company activities and coordinates all implementation of functions,
                                       duties, and responsibilities of the Board of Directors.




                                             Riwayat Pendidikan
                                             Education History
                                       •   Master of Business Administration, Boston University, USA (1995); serta
                                       •   Sarjana bidang Administrasi Bisnis, Finance College of Business Administration,
                                           The University of Texas AT Austin, USA (1992).
                                       •   Master of Business Administration, Boston University, USA (1995); and
                                       •   Bachelor of Business Administration, Finance College of Business Administration,
                                           The University of Texas AT Austin, USA (1992).




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                                                                                                                Company Profile




       Hubungan Afiliasi
       Affiliation
Tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, serta Pemegang Saham Utama dan Pengendali.
Has no affiliation with the Board of Commissioners, Board of Directors, as well as the Major and Controlling Shareholders.


       Kepemilikan Saham
       Shareholding
Tidak memiliki saham di Perseroan, baik langsung maupun tidak langsung.
Has no share in the Company, both directly or indirectly.




       Rangkap Jabatan
       Concurrent Position
Tidak memiliki rangkap jabatan sebagai Dewan Komisaris,              Holds no concurrent position as Board of Commissioners,
Direksi, atau jabatannya lainnya di perusahaan atau institusi        Board of Directors, or other positions in other companies or
lainnya.                                                             institutions.




       Pengalaman Kerja
       Work Experience
•   Direktur/Chief Financial Officer Perseroan (2021-2024);          •   Chief Financial Officer of the Company (2021-2024);
•   Direktur Keuangan PT Kencana Agri Ltd Indonesia                  •   Chief Financial Officer of PT Kencana Agri Ltd Indonesia
    (2017-2019);                                                         (2017-2019);
•   Deputy President Director dan President Director                 •   Deputy President Director and President Director of
    PT Intan Baruprama Finance Tbk (2012-2017);                          PT Intan Baruprama Finance Tbk (2012-2017);
•   Direktur Bank ICB Bumiputera Tbk (2009-2012);                    •   Director of Bank ICB Bumiputera Tbk (2009-2012);
•   Treasure Raja Garuda Mas Group (2008);                           •   Treasure of Raja Garuda Mas Group (2008);
•   Direktur UBS Wealth Management Singapore (2006-2008);            •   Director of UBS Wealth Management Singapore (2006-2008);
•   Vice President ABN AMRO Indonesia (1999-2006); serta             •   Vice President ABN AMRO Indonesia (1999-2006); and
•   Assistant Banking dan Manager Corporate Banking                  •   Assistant Banking and Manager Corporate Banking American
    American Express Bank Jakarta (1995-1999).                           Express Bank Jakarta (1995-1999).




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   PT Sawit Sumbermas Sarana Tbk.




                                              Akhmad Faisyal
                                              Direktur
                                              Director

                                              Warga Negara Indonesia, berusia 42 tahun, berdomisili di Pangkalan Bun,
                                              Kalimantan Tengah, Indonesia.
                                              Indonesian Citizen, 42 years old, domiciled in Pangkalan Bun,
                                              Central Kalimantan, Indonesia.




      Periode Jabatan                      Riwayat Penunjukan
      Term of Office                       Appointment History
2024-2029, Periode ke-1
                                     Menjabat sebagai Direktur Perseroan untuk pertama kalinya berdasarkan
2024-2029, 1st Period
                                     Akta Keputusan Rapat No. 62 tanggal 25 April 2024 untuk periode kerja 2024-2029.
                                     Serving as Director of the Company for the first time based on the Deed of Meeting
      Keahlian                       Resolutions No. 62 dated April 25, 2024, for the 2024–2029 working period.
      Expertise
Teknik Agraria dan Hukum.
Agricultural Engineering and Legal         Tugas dan Tanggung Jawab
(law).                                     Duties and Responsibilities

                                     Bertanggung jawab atas seluruh aktivitas Perseroan dan berperan sebagai koordinator
                                     atas seluruh pelaksanaan fungsi, tugas, dan tanggung jawab operasional Perseroan.
                                     Responsible for all activities of the Company and serves as the coordinator of all
                                     operational functions, duties and responsibilities of the Company.




                                           Riwayat Pendidikan
                                           Education History
                                     •   Magister Hukum, Universitas Islam Sultan Agung (2017); serta
                                     •   Sarjana Teknik Agraria, Universitas Diponegoro (2003).
                                     •   Master of Law, Universitas Islam Sultan Agung (2017); and
                                     •   Bachelor of Agricultural Engineering, Universitas Diponegoro (2003).




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                                                                                                                Company Profile




       Hubungan Afiliasi
       Affiliation
Tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, serta Pemegang Saham Utama dan Pengendali.
Has no affiliation with the Board of Commissioners, Board of Directors, as well as the Major and Controlling Shareholders.


       Kepemilikan Saham
       Shareholding
Tidak memiliki saham di Perseroan, baik langsung maupun tidak langsung.
Has no share in the Company, both directly or indirectly.




       Rangkap Jabatan
       Concurrent Position
Chief Operating Officer Perseroan (sejak Januari 2024).              Chief Operating Officer of the Company (since January 2024).




       Pengalaman Kerja
       Work Experience
•   Regional Head 1, Regional Head 2 Perseroan (2020-2023);          •   Regional Head 1, Regional Head 2 of the Company
                                                                         (2020-2023);
•   Group Manager PT Menteng Kencana Mas (2018-2021);                •   Group Manager of PT Menteng Kencana Mas (2018-2021);
•   Estate Manager PT Tanjung Sawit Abadi (2015-2018);               •   Estate Manager of PT Tanjung Sawit Abadi (2015-2018);
•   Asisten Kepala PT Tanjung Sawit Abadi (2010-2015);               •   Head Assistant of PT Tanjung Sawit Abadi (2010-2015);
•   Asisten Kebun PT Mitra Mendawai (2007-2010); serta               •   Estate Assistant of PT Mitra Mendawai (2007-2010); and
•   Legal Staff Perseroan (2006-2007).                               •   Legal Staff of the Company (2006-2007).




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Perubahan Komposisi Anggota Direksi                            Change in Board Of Directors Composition

Pada RUPS Luar Biasa yang diselenggarakan pada 25 April        At the Extraordinary GMS held on April 25, 2024,
2024, Pemegang Saham menyetujui perubahan komposisi            the shareholders approved the change in the Company’s Board
Direksi Perseroan. Dalam rapat tersebut, Perseroan menerima    of Directors composition. In the meeting, the Company accepted
pengunduran diri Bapak Nasarudin bin Nasir sebagai Direktur    the resignation of Mr. Nasarudin bin Nasir as the President
Utama, serta Bapak Jap Hartono dan Bapak Syafril Harahap       Director, as well as Mr. Jap Hartono and Mr. Syafril Harahap as
sebagai Direktur. Pengunduran diri ini berlaku efektif sejak   Directors. These resignations were deemed as effective since
ditutupnya rapat.                                              the closing of the meeting.


Sebagai tindak lanjut, rapat menyetujui pengangkatan Bapak     As a follow-up action, the meeting approved the appointment
Jap Hartono sebagai Direktur Utama dan Bapak Akhmad Faisyal    of Mr. Jap Hartono as the Company’s President Director and
sebagai Direktur Perseroan. Masa jabatan keduanya berlaku      Mr. Akhmad Faisyal as the Director. They will serve the term of
hingga RUPS Tahunan tahun 2029, dengan tetap memberikan        office until the 2029 Annual GMS, while maintaining the rights
hak kepada pemegang saham untuk memberhentikan sewaktu-        of GMS to dismiss them at any time in line with applicable
waktu sesuai ketentuan yang berlaku.                           regulations


Dengan demikian, susunan Direksi Perseroan per akhir tahun     Thus, the composition of the Company’s Board of Directors as of
2024 menjadi sebagai berikut.                                  end of 2024 is as follows.
Direktur Utama : Jap Hartono                                   President Director : Jap Hartono
Direktur		     : Akhmad Faisyal                                Director			           : Akhmad Faisyal


Perubahan ini diharapkan dapat memperkuat struktur             It is expected that this change will be able to strengthen
kepemimpinan Perseroan dan mendukung strategi bisnis           the Company’s leadership structure and supporting
dalam mencapai pertumbuhan berkelanjutan.                       the business strategy to achieve a sustainable growth.




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                                                                                                                    Company Profile




Informasi Pemegang Saham
                                                                                    Shareholders Information


Kepemilikan Saham Perseroan
Company’s Share Ownership

                                      Kepemilikan Saham Awal Tahun                          Kepemilikan Saham Akhir Tahun
                                    Share Ownership at Beginning of Year                    Share Ownership at End of Year

           Uraian               Jumlah Saham                          Persentase    Jumlah 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 (Share)                            (%)       Shares (Share)                             (%)

 Modal Dasar /
                                 32.100.000.000   3.210.000.000.000                   32.100.000.000   3.210.000.000.000
 Authorized Capital

 Komposisi Pemegang Saham >5% / Composition of Shareholders >5%

 PT Citra Borneo Indah            5.833.317.100    583.331.710.000       61,242        5.933.726.800     593.372.680.000       62,296

 PT Putra Borneo Agro Lestari      915.499.308      91.549.930.800        9,612          767.401.044      76.740.104.400        8,057

 Komposisi Pemegang Saham <5% / Composition of Shareholders <5%

 Masyarakat (masing-masing
 di bawah 5%) / Public (each      2.776.183.592    277.618.359.200       29,146        2.823.872.156     282.387.215.600       29,647
 below 5%)

 Total                           9.525.000.000     952.500.000.000      100,000        9.525.000.000    952.500.000.000       100,000




Komposisi Pemegang Saham oleh                                           Composition of Shareholders by Board of
Dewan Komisaris dan Direksi                                             Commissioners and Board of Directors

Kebijakan Pengungkapan Informasi                                        Information Disclosure Policy
Perseroan memastikan bahwa setiap anggota Dewan                         The Company ensures that every member of the Board of
Komisaris dan Direksi melaporkan kepemilikan atau perubahan             Commissioners and Board of Directors reports their share
kepemilikan saham mereka dalam waktu 3 hari kerja setelah               ownership or any change of ownership within 3 working days
transaksi, sesuai dengan Peraturan Otoritas Jasa Keuangan No.           following the transaction, in line with Financial Services
4 Tahun 2024. Perseroan kemudian bertanggung jawab untuk                Authority Regulation No. 4 of 2024. Further, the Company is
menyampaikan laporan tersebut kepada Otoritas Jasa Keuangan             responsible to submit the report to Financial Services Authority
dalam waktu 5 hari kerja. Sepanjang tahun 2024, Perseroan               within 5 working days. Throughout 2024, the Company routinely
secara rutin mengirimkan laporan bulanan terkait kepemilikan            submit the monthly report of share ownership by the Board
saham Dewan Komisaris dan Direksi melalui e-reporting kepada            of Commissioners and Board of Directors via e-reporting to
Otoritas Jasa Keuangan dan Bursa Efek Indonesia.                        the Financial Services Authority and Indonesia Stock Exchange.




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Pengungkapan Kepemilikan Saham                                                Share Ownership Disclosure
Informasi mengenai kepemilikan saham oleh Dewan Komisaris                     Information on share ownership by the Board of Commissioners
dan Direksi, diungkapkan sebagai berikut.                                     and Board of Directors, is disclosed as follows.


                                       Kepemilikan Saham Awal Tahun                                Kepemilikan Saham Akhir Tahun
                                     Share Ownership at Beginning of Year                          Share Ownership at End of Year
                                                           Kepemilikan Tidak                                            Kepemilikan Tidak
                           Kepemilikan Langsung                                        Kepemilikan Langsung
                                                                Langsung                                                     Langsung
                             Direct Ownership                                            Direct Ownership
     Nama dan                                              Indirect Ownership                                           Indirect Ownership
      Jabatan
     Name and               Jumlah                        Jumlah                        Jumlah                        Jumlah
      Position              Saham        Persentase       Saham         Persentase      Saham        Persentase       Saham      Persentase
                           (Lembar       Kepemilikan     (Lembar        Kepemilikan    (Lembar       Kepemilikan     (Lembar     Kepemilikan
                            Saham)        Ownership       Saham)         Ownership      Saham)        Ownership       Saham)      Ownership
                            Number       Percentage       Number        Percentage      Number       Percentage       Number     Percentage
                           of Shares         (%)         of Shares          (%)        of Shares         (%)         of Shares       (%)
                            (Share)                       (Share)                       (Share)                       (Share)

 Dewan Komisaris / Board of Commissioners
 Bungaran Saragih
 Komisaris Utama             Nihil           Nihil         Nihil           Nihil         Nihil           Nihil          Nihil         Nihil
 President                    Nil             Nil           Nil             Nil           Nil             Nil            Nil           Nil
 Commissioner
 Hoesen
 Komisaris
                             Nihil           Nihil          Nihil          Nihil         Nihil           Nihil          Nihil         Nihil
 Independen
                              Nil             Nil            Nil            Nil           Nil             Nil            Nil           Nil
 Independent
 Commissioner
 Rimbun
 Situmorang                  Nihil            Nihil         Nihil          Nihil         Nihil           Nihil          Nihil         Nihil
 Komisaris                    Nil              Nil           Nil            Nil           Nil             Nil            Nil           Nil
 Commissioner
 Direksi / Board of Directors
 Jap Hartono
                             Nihil            Nihil         Nihil          Nihil         Nihil           Nihil          Nihil         Nihil
 Direktur Utama
                              Nil              Nil           Nil            Nil           Nil             Nil            Nil           Nil
 President Director
 Akhmad Faisyal
                             Nihil            Nihil         Nihil          Nihil         Nihil           Nihil          Nihil         Nihil
 Direktur
                              Nil              Nil           Nil            Nil           Nil             Nil            Nil           Nil
 Director
                             Nihil           Nihil         Nihil           Nihil         Nihil           Nihil          Nihil         Nihil
 Total
                              Nil             Nil           Nil             Nil           Nil             Nil            Nil           Nil


Berdasarkan tabel tersebut, tidak terdapat anggota Dewan                      Based on the table, no member of the Company’s Board
Komisaris dan/atau Direksi Perseroan yang memiliki saham di                   of Commissioners and/or Board of Directors own share in
Emiten atau Perusahaan Publik, baik secara langsung maupun                    the Issuer or Public Company, either directly or indirectly.
tidak langsung.


Komposisi Pemegang Saham Berdasarkan Kepemilikan Lokal dan Asing
Composition of Shareholders Based on Local and Foreign Ownership

                                             Kepemilikan Saham Awal Tahun                            Kepemilikan Saham Akhir Tahun
                                           Share Ownership at Beginning of Year                      Share Ownership at End of Year

 Status Pemegang Saham                  Jumlah         Jumlah Saham        Persentase       Jumlah           Jumlah Saham        Persentase
   Shareholders Status                 Pemegang           (Lembar          Kepemilikan     Pemegang             (Lembar          Kepemilikan
                                         Saham             Saham)           Ownership        Saham               Saham)           Ownership
                                       Number of         Number of         Percentage      Number of           Number of         Percentage
                                      Shareholders     Shares (Share)          (%)        Shareholders       Shares (Share)          (%)

 Kepemilikan Lokal / Local Ownership

 Individu / Individual                    3.452            83.297.300          0,875             3.152             77.089.641         0,809

 Institusi / Institution




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                                        Kepemilikan Saham Awal Tahun                           Kepemilikan Saham Akhir Tahun
                                      Share Ownership at Beginning of Year                     Share Ownership at End of Year

 Status Pemegang Saham            Jumlah        Jumlah Saham       Persentase         Jumlah          Jumlah Saham         Persentase
   Shareholders Status           Pemegang          (Lembar         Kepemilikan       Pemegang            (Lembar           Kepemilikan
                                   Saham            Saham)          Ownership          Saham              Saham)            Ownership
                                 Number of        Number of        Percentage        Number of          Number of          Percentage
                                Shareholders    Shares (Share)         (%)          Shareholders      Shares (Share)           (%)

    Perseroan Terbatas /
                                           30     7.734.951.113          81,207                30         7.435.984.260          78,068
    Limited Liability Company

    Bank                                    1        63.694.270           0,669                 1           63.694.270            0,669

    Asuransi / Insurance                    4            66.432           0,001                 2              128.200            0,001

    Reksadana / Mutual Fund                20        66.170.716           0,695                20           73.284.242            0,769

    Sub Total                        3.507        7.948.179.831          83,455          3.205            7.650.180.613          80,317

  Kepemilikan Asing / Foreign Ownership

  Individu / Individual                     9          605.600            0,006                 9              605.600            0,006

  Institusi / Institution                  96     1.576.214.569          16,548                93         1.874.213.787          19,677

  Sub Total                            105        1.576.820.169          16,555               102         1.874.819.387          19,683

  Total                              3.612        9.525.000.000         100,000          3.307            9.525.000.000         100,000




10 Pemegang Saham Terbesar
10 Largest Shareholders

                                                                                  Kepemilikan
                   Pemegang Saham                     Jumlah Saham
                                                                                   Ownership                          Status
                     Shareholders                    Number of Shares
                                                                                      (%)

                                                                                                      Pengendali
 PT Citra Borneo Indah                                  5.933.726.800                62,296
                                                                                                      Controlling
                                                                                                      Pemegang Saham Non-Pengendali
 PT Putra Borneo Agro Lestari                             767.401.044                 8,057
                                                                                                      Non-Controlling Shareholder
                                                                                                      Badan Usaha Asing
 CGS-CIMB Securities (Singapore) Pte Ltd                   85.787.000                 0,901
                                                                                                      Foreign Business Entity
                                                                                                      Badan Usaha Asing
 JPMCB NA RE - Blackrock INST TR CO N A I                  25.916.300                 0,272
                                                                                                      Foreign Business Entity
                                                                                                      Badan Usaha Asing
 Citibank New York S/A Emerging Markets C                  24.438.100                 0,257
                                                                                                      Foreign Business Entity
                                                                                                      Reksadana
 Reksa Dana Sucorinvest Premium Fund                       15.987.100                 0,168
                                                                                                      Mutual Fund
                                                                                                      Reksadana
 Reksa Dana Treasure Saham Mantap                          14.755.400                 0,155
                                                                                                      Mutual Fund
                                                                                                      Badan Usaha Asing
 HSBC Bank PLC S/A Abu Dhabi Investment A                  12.974.972                 0,136
                                                                                                      Foreign Business Entity
                                                                                                      Reksadana
 Reksa Dana Indeks BNP Paribas Sri-Kehati                  11.161.700                 0,117
                                                                                                      Mutual Fund
 Masyarakat di Bawah 5%
                                                        2.632.851.584                27,641           -
 Public Below 5%




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   PT Sawit Sumbermas Sarana Tbk.




Informasi Pemegang Saham Utama
dan/atau Pengendali
                                                                                       Information of Major and/or
                                                                                          Controlling Shareholders



     Monica Putri      Ernis Desidistrisna                                                                Jemmy Adriyanor      Jery Borneo Putra



                                             10%                                                    60%

                              10%                                                                              40%
                                                   PT Prima Sawit                PT Mandiri Indah
               90%                                                                                                              40%
                                                      Borneo                         Lestari




                                                                                                      PT Putra Borneo Agro
               90%    PT Agro Citra Mandiri           48,77%          0,01%          48,76%                                     60%
                                                                                                             Lestari



                             1,23%                                                                         1,22%


                                                               PT Citra Borneo Indah
                                                                                                                               0,01%


                                                                     62,296%



     Masyarakat /
                            29,647%                                                                   8,057%
       Public




Berdasarkan bagan tersebut, Pemegang Saham Utama dan                          Based on the chart, the Major and Controlling Shareholders
Pengendali Perseroan adalah PT Citra Borneo Indah (CBI),                      of the Company is PT Citra Borneo Indah (CBI), incorporated
yang didirikan oleh Haji Abdul Rasyid AS, dengan kepemilikan                  by Haji Abdul Rasyid AS, with 62.296% share ownership. CBI
saham sebesar 62,296%. CBI telah menjadi Pemegang Saham                       has been the Major and Controlling Shareholders since 2017,
Utama dan Pengendali sejak tahun 2017, setelah melakukan                      following the transaction to transfer 2,600,000,000 shares from
transaksi pengalihan saham sebanyak 2.600.000.000 lembar                      PT Mandiri Indah Lestari and PT Prima Sawit Borneo. Each of
dari PT Mandiri Indah Lestari dan PT Prima Sawit Borneo.                      the company transferred 1,300,000,000 shares, respectively,
Masing-masing perusahaan mengalihkan 1.300.000.000 lembar                     with a total transaction value of Rp1,937,000,000,-. This transfer
saham, dengan total nilai transaksi sebesar Rp1.937.000.000,-.                of shares was recorded in Deed No. 18 dated October 16, 2017,
Pengalihan saham ini dicatat dalam Akta No. 18 tanggal 16                     made by Notary Citra Buana Tungga, SH, MKn. This Deed was
Oktober 2017, yang dibuat oleh Notaris Citra Buana Tungga, SH,                approved by Ministry of Law and Human Rights through Decree
MKn. Akta tersebut telah disahkan oleh Kementerian Hukum                      No. AHU-0021410.AH.01.02.Tahun2017 on the same date.
dan HAM melalui Surat Keputusan No. AHU-0021410.AH.01.02.                     This decision was made effective as of September 30, 2018.
Tahun 2017 pada tanggal yang sama. Keputusan ini mulai
berlaku efektif sejak 30 September 2018.


Sementara itu, pemegang manfaat utama (ultimate                               Meanwhile, the ultimate beneficial owner of the Company as of
beneficial owner) Perseroan per 31 Desember 2024 adalah                       December 31, 2024 is Mr. Jery Borneo Putra.
Bapak Jery Borneo Putra.




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Informasi lebih lanjut mengenai CBI diungkapkan sebagai berikut.
Further information on CBI is disclosed as follows.


                                                        PT Citra Borneo Indah (CBI)

                      Jl. H. Udan Said No. 47 Pangkalan Bun
  Alamat
                      Kalimantan Tengah 74113
  Address
                      T : (+62-532) 21297

                      • PT Prima Sawit Borneo             : 48,77%
                      • PT Mandiri Indah Lestari          : 46,76%
  Kepemilikan Saham   • PT Agro Citra Mandiri             : 1,23%
  Share Ownership     • PT Putra Borneo Agro Lestari      : 1,22%
                      • Jemmy Adriyanor		                 : 0,01%
                      • Jery Borneo Putra		               : 0,01%

                      Dewan Komisaris / Board of Commissioners
                      Komisaris			                   : Sunggu Situmorang
                      Commissioner

                      Direksi / Board of Directors
  Kepengurusan
                      Direktur Utama		                    : Jery Borneo Putra
  Management
                      President Director
                      Direktur			                         : Elvin Iswandy
                      Director
                      Direktur			                         : Hendri Ratoe Bachtiar
                      Director

                      PT Citra Borneo Indah (CBI) didirikan pada 6 Mei 1999 di Pangkalan Bun, Kalimantan Tengah. Pendirian perusahaan ini
                      didasarkan pada Akta No. 5 tanggal 6 Mei 1999 dan telah mendapat pengesahan dari Direktorat Jenderal Hukum dan
                      Perundang-Undangan Departemen Kehakiman Republik Indonesia melalui Surat Keputusan Menteri Kehakiman Republik
                      Indonesia No. C-1549.17.HT.01.01.TH.99 pada tanggal 19 Agustus 1999.

                      Seiring dengan perkembangannya, CBI telah bertransformasi menjadi grup perusahaan besar yang memiliki jaringan usaha
                      yang kuat dan terdiversifikasi dalam 5 segmen industri, yaitu:
                      1. Perkebunan Kelapa Sawit;
                      2. Hilirisasi Industri Kelapa Sawit;
                      3. Kawasan Industri dan Pembangkit Tenaga Listrik;
                      4. Angkutan Laut; serta
                      5. Peternakan.

                      Seluruh segmen usaha CBI dikelola melalui Entitas Anak yang beroperasi di bawah naungan grup, dengan fokus pada
                      penerapan prinsip bisnis berkelanjutan dalam setiap aktivitas operasionalnya. CBI menempatkan kesejahteraan masyarakat
                      dan pelestarian lingkungan sebagai prioritas utama, sejalan dengan kontribusinya dalam mendorong pertumbuhan ekonomi
                      nasional, khususnya di Kalimantan Tengah. Komitmen ini diwujudkan melalui penciptaan lapangan pekerjaan yang signifikan
                      dan pengembangan berbagai sektor industri yang terintegrasi. Sebagai bagian dari visinya untuk menjadi perusahaan
                      perkebunan kelas dunia, CBI terus memperluas jaringan dan berinovasi, memastikan keberlanjutan dan daya saing yang
  Profil Singkat
                      tinggi di tengah dinamika industri global.
  Brief Profile
                      PT Citra Borneo Indah (CBI) was established on May 6, 1999 in Pangkalan Bun, Central Kalimantan. The company was
                      established with Deed No. 5, dated May 6, 1999 and approved by the Directorate General of Law and Legislation of
                      Ministry of Justice of the Republic of Indonesia through Decree of Minister of Justice of the Republic of Indonesia
                      No.C-1549.17. HT.01.01.TH.99 dated August 19, 1999.

                      CBI has developed into a large group of companies, with strong business network diversified in 5 industrial segments:
                      1. Palm Oil Plantations;
                      2. Downstream Palm Oil Industry;
                      3. Industrial Estate and Power Plants;
                      4. Sea Transportation; and
                      5. Farming.

                      All CBI’s business segments are managed by Subsidiaries operating under the group, that focus on implementing
                      the sustainable business principles in every operational activities. CBI prioritizes community welfare and environmental
                      preservation, in line with its contribution to drive the national economy, particularly in Central Kalimantan. This commitment
                      is realized through significant jobs creation and development of various integrated industrial sectors. As part of its vision to
                      become a world-class plantation company, CBI continues expanding its network and innovating, ensuring sustainability and
                      high competitiveness amidst the global industry dynamics.




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Struktur Grup Perusahaan
                                                                      Company’s Group Structure


                            PT PUTRA BORNEO         PT CITRA BORNEO
                                                                         Masyarakat / Public
                              AGRO LESTARI               INDAH
                                  8,057%                 62,296%              29,647%




       99%                        78,2%                   99%                   100%                 100%

                     4%                       4%

PT MITRA MENDAWAI           PT CITRA BORNEO         PT KALIMANTAN        SSMS PLANTATION        SSMS SUMBERMAS
                                                                                               INTERNATIONAL PTE
      SEJATI                   UTAMA TBK             SAWIT ABADI         HOLDINGS PTE LTD             LTD




                             PT SAWIT MULTI
               1%                                  99%
                                 UTAMA




                           PT TANJUNG SAWIT
               1%                                  99%
                                 ABADI




                           PT MIRZA PRATAMA
               99%                                 1%
                                 PUTRA




                              PT MENTENG
               99%                                 1%
                             KENCANA MAS




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Informasi Entitas Anak dan/atau
Entitas Asosiasi
                                                                      Information on Subsidiary and/or
                                                                                      Associated Entity


Hingga 31 Desember 2024, Perseroan memiliki 5 Entitas                    AS of December 31, 2024, the Company has 5 Direct Subsidiaries,
Anak dengan Kepemilikan Langsung, 5 Entitas Anak dengan                  5 Indirect Subsidiaries, and 2 Associated Entities.
Kepemilikan Tidak Langsung, dan 2 Entitas Asosiasi.


                                                                                                            Jumlah Aset
                                                                        Tahun          Kepemilikan
                                                                                                             (Rp-Juta)
                      Bidang                                         Beroperasi         Ownership                                 Status
                                                 Tahun Berdiri                                              Total Assets
     Nama             Usaha        Domisili                           Komersial            (%)                                    Operasi
                                                    Year of                                                 (Rp-Million)
     Name             Line of      Domicile                            Year of                                                   Operation
                                                 Establishment
                     Business                                        Commercial                                                   Status
                                                                      Operation       2024       2023     2024        2023


 Entitas Anak Kepemilikan Langsung / Direct Subsidiaries

 PT Kalimantan   Perkebunan      Kotawaringin
 Sawit Abadi     dan pabrik      Barat
 (KSA)           kelapa sawit    West                                                                                            Beroperasi
                                                       2004              2005              99%    99%    5.389.196   4.951.871
                 Palm oil        Kotawaringin                                                                                    Operating
                 plantations
                 and mill

 PT Mitra        Perkebunan      Kotawaringin
 Mendawai        dan pabrik      Barat
 Sejati (MMS)    kelapa sawit    West
                 dan inti        Kotawaringin
                 Palm oil                                                                                                        Beroperasi
                                                       1996              2008              99%    99%    3.581.021   3.603.462
                 plantations                                                                                                     Operating
                 and mill
                 and kernel
                 crushing
                 plant

 SSMS            Perusahaan      Singapore
 Plantation      jasa
 Holding Pte     pendukung
                                                                                                                                 Beroperasi
 Ltd (SPH)       bisnis                                2017              2018          100%      100%    1.490.323   1.878.296
                                                                                                                                 Operating
                 Business
                 support
                 service

 Sawit           Penjual         Singapore
 Sumbermas       produk kelapa
 International   sawit                                                                                                           Beroperasi
                                                       2018              2018          100%      100%          15          15
 Pte Ltd (SSI)   Wholesaler                                                                                                      Operating
                 of palm oil
                 products

 PT Citra        Pertanian,      Kotawaringin
 Borneo Utama    industri, dan   Barat
 Tbk (CBUT)      perdagangan     West                                                                                            Beroperasi
                                                       2013              2018         78,2%      78,2%   4.200.322   4.336.194
                 Agriculture,    Kotawaringin                                                                                    Operating
                 industry, and
                 trading

 Entitas Anak Kepemilikan Tidak Langsung Melalui KSA / Indirect Subsidiaries through KSA

 PT Tanjung      Perkebunan      Kotawaringin
 Sawit Abadi     dan pabrik      Barat
 (TSA)           kelapa sawit    West                                                                                            Beroperasi
                                                       2004              2012              99%    99%    2.272.956   2.074.383
                 Palm oil        Kotawaringin                                                                                    Operating
                 plantations
                 and mill




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                                                                                                                      Jumlah Aset
                                                                              Tahun            Kepemilikan
                                                                                                                       (Rp-Juta)
                    Bidang                                                 Beroperasi           Ownership                                    Status
                                                      Tahun Berdiri                                                   Total Assets
     Nama           Usaha           Domisili                                Komersial              (%)                                       Operasi
                                                         Year of                                                      (Rp-Million)
     Name           Line of         Domicile                                 Year of                                                        Operation
                                                      Establishment
                   Business                                                Commercial                                                        Status
                                                                            Operation         2024      2023        2024         2023


PT Sawit Multi   Perkebunan        Kotawaringin
Utama (SMU)      dan pabrik        Barat
                 kelapa sawit      West                                                                                                     Beroperasi
                                                            2005                2012            99%       99%     1.969.508    1.707.597
                 Palm oil          Kotawaringin                                                                                             Operating
                 plantations
                 and mill

Entitas Anak Kepemilikan Tidak Langsung Melalui MMS / Indirect Subsidiaries through MMS

PT Mirza         Perkebunan        Lamandau
Pratama Putra    kelapa sawit                                                                                                               Beroperasi
                                                            2004                2011            99%       99%       838.932      724.200
(MPP)            Palm oil                                                                                                                   Operating
                 plantations

PT Menteng       Perkebunan        Pulang Pisau
Kencana Mas      kelapa sawit                                                                                                               Beroperasi
                                                            2005                2010            99%       99%     1.382.874    1.382.367
(MKM)            Palm oil                                                                                                                   Operating
                 plantations

Entitas Anak Kepemilikan Tidak Langsung Melalui SPH / Indirect Subsidiaries through SPH

SSMS             Jasa              Singapore
Plantation       Konsultasi
Singapore        dan
                                                                                                                                            Beroperasi
International    Perdagangan                                2017                2018            99%       99%     1.519.816    1.928.002
                                                                                                                                            Operating
Pte Ltd (SPI)    Consultancy
                 and Trading
                 Services

Entitas Asosiasi / Associated Entities

PT Surya         Industri dan      Kotawaringin
Borneo           perdagangan       Barat                                                                                                    Beroperasi
                                                            2013                2018            49%       49%       955.875    1.035.551
Industri (SBI)   Industry and      West                                                                                                     Operating
                 trading           Kotawaringin




Profil Entitas Anak dan Entitas Asosiasi
                                               Profiles of Subsidiaries and Associated Entities


Entitas Anak / Subsidiaries
                                                          PT KALIMANTAN SAWIT ABADI (KSA)

Jl. H. Udan Said No. 47                  Didirikan pada 25 Maret 2004, Perseroan memiliki 99% saham KSA. KSA mulai beroperasi secara komersial
Pangkalan Bun, Kalimantan Tengah         pada tahun 2005 dengan fokus utama pada pengelolaan perkebunan seluas 6.785,28 hektar dan pabrik kelapa
Indonesia 74113                          sawit berkapasitas produksi 60 metrik ton tandan buah segar (TBS) per jam. Pada tahun 2024, Entitas Anak ini
T : (+62-532) 21297                      mengelola aset senilai Rp5.389 miliar.
                                         Established on March 25, 2004, the Company owns 99% of KSA shares. KSA started its of commercial operations
                                         in 2005 with primary focus on palm oil plantation management of 6,785.28 ha and palm oil mill with production
                                         capacity of 60 metric tons of Fresh Fruit Bunches (FFB) per hour. In 2024, this Subsidiary managed total assets
                                         of Rp5,389 billion.




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                                                     PT MITRA MENDAWAI SEJATI (MMS)

 Jl. H. Udan Said No. 47            Didirikan pada 6 Mei 1999, Perseroan memiliki 99% saham di MMS. MMS mulai beroperasi secara komersial
 Pangkalan Bun, Kalimantan Tengah   pada tahun 2008 dengan fokus utama pada pengelolaan perkebunan seluas 10.347,18 hektar, pabrik kelapa
 Indonesia 74113                    sawit berkapasitas produksi 60 metrik ton TBS per jam, dan pengolahan inti sawit sebesar 200 metrik ton/hari
 T : (+62-532) 21297                di Kotawaringin Barat. Pada tahun 2024, MMS mengelola aset senilai Rp3.581 miliar.
                                    Established on May 6, 1999, the Company owns 99% of MMS shares. MMS started its of commercial operations
                                    in 2008 with primary focus on palm oil plantation management of 10,347.18 ha, palm oil mill with production
                                    capacity of 60 metric tons of FFB per hour, and palm kernel mill of 200 metric tons/day in West Kotawaringin.
                                    In 2024, MMS managed total assets of Rp3,581 billion.

                                                 SSMS PLANTATION HOLDING PTE LTD (SPH)

 One Marina Boulevard #28-00,       SPH didirikan oleh Perseroan pada 12 Juli 2017 untuk mendukung ekspansi ke pasar global. Perseroan
 Singapura 018989                   sepenuhnya (100%) memiliki saham SPH, yang berbasis di Singapura. SPH juga didirikan untuk mendukung
                                    penerbitan obligasi sebesar US$300 juta di Singapore Exchange Securities Trading Ltd (SGX) pada 24 Januari
                                    2018 dan mulai beroperasi secara komersial pada tahun yang sama. Pada tahun 2024, SPH mengelola aset
                                    senilai Rp1.490 miliar.
                                    The Company established SPH on July 12, 2017, to support expansion into the capital market. The Company fully
                                    owned (100%) SPH shares, based in Singapore. SPH was also founded to support US$300 million Bond issuance
                                    on Singapore Exchange Securities Trading Ltd (SGX) on January 24, 2018 and started its commercial operations
                                    in the same year. In 2024, SPH managed total assets of Rp1,490 billion.

                                             SAWIT SUMBERMAS INTERNATIONAL PTE LTD (SSI)

 8 Eu Tong Sen Street #21-95,       Pada 31 Desember 2018, Perseroan mendirikan Sawit Sumbermas International Pte Ltd (SSI) untuk mendukung
 The Central, Singapura 059818      kegiatan grup perusahaan, khususnya dalam penjualan kelapa sawit. Pada tahun 2024, SSI mengelola aset
                                    senilai Rp0,015 miliar.
                                    On December 31, 2018, the Company established Sawit Sumbermas International Pte. Ltd. (SSI) to support its
                                    business, particularly in palm oil trading. In 2024, SSI managed total assets of Rp0.015 billion.

                                                    PT CITRA BORNEO UTAMA TBK (CBUT)

 ASDP/Pelabuhan Roro Tempenek       Perseroan meningkatkan kepemilikan sahamnya sebesar 13% saham PT Citra Borneo Utama Tbk (CBUT)
 Kel. Kumai Hulu, Kec. Kumai        senilai Rp600.000.000,- berdasarkan Akta Perjanjian Notaris No. 74 oleh Dr. Tintin Surtini, SH, MH, MKn pada
 Kab. Kotawaringin Barat            29 Desember 2020. Pada tahun 2023, Perseroan menyetujui penyelesaian sebagian utang PT Citra Borneo Indah
 T : (+62-532) 21297                (CBI) melalui pengalihan saham CBI di CBUT kepada Perseroan. Dengan demikian, total kepemilikan saham
                                    Perseroan di CBUT mencapai 78,22%, yang terdiri dari 70,22% saham yang dimiliki langsung, 4% tidak langsung
                                    melalui KSA, dan 4% tidak langsung melalui MMS. CBUT, yang bergerak di bidang pengolahan minyak kelapa
                                    sawit, mulai beroperasi secara komersial pada tahun 2018. Hingga akhir tahun 2024, Perseroan memiliki
                                    70,22% saham CBUT dengan nilai aset yang dikelola sebesar Rp4.200 miliar.
                                    The Company has increased its shareholding in PT Citra Borneo Utama Tbk (CBUT) by 13% for Rp600,000,000
                                    under Notarial Deed No. 74 made by Notary Dr. Tintin Surtini, S.H, MH, Mkn on December 29, 2020. In 2023, the
                                    Company approved partial debt settlement of PT Citra Borneo Indah (CBI) through transfer of CBI shares in CBUT to
                                    the Company. Thus, the Company’s total share ownership in CBUT is 78.22% where 70.22% share owned
                                    directly, 4% share owned indirectly via KSA, and 4% share owned indirectly via MMS. CBUT, engaging in palm oil
                                    processing, started its commercial operations in 2018. As of end of 2024, the Company owns 70.22% of CBUT
                                    shares and managed total assets of Rp4,200 billion.

                                                       PT TANJUNG SAWIT ABADI (TSA)

 Jl. H. Udan Said No. 47            TSA didirikan pada 2 Desember 2003 dan mulai beroperasi secara komersial pada tahun 2012. TSA bergerak
 Pangkalan Bun, Kalimantan Tengah   di bidang pengelolaan perkebunan seluas 14.483,56 hektar dan memiliki pabrik kelapa sawit dengan kapasitas
 Indonesia 74113                    produksi 60 metrik ton TBS per jam. Perseroan mengakuisisi 99% saham TSA pada tahun 2015. Pada akhir
 T : (+62-532) 21297                tahun 2024, TSA mengelola aset senilai Rp2.273 miliar.
                                    TSA was established on December 2, 2003 and started commercial operations in 2012. TSA manages 14,483.56
                                    ha palm oil plantation, a palm oil mill with production capacity of 60 metric tons of FFB per hour. The Company
                                    acquired 99% of TSA shares in 2015. As of end of 2024, TSA managed total assets of Rp2,273 billion.

                                                        PT SAWIT MULTI UTAMA (SMU)

 Jl. H. Udan Said No. 47            SMU didirikan pada 16 Februari 2004 dan diakuisisi oleh Perseroan pada tahun 2015 dengan kepemilikan
 Pangkalan Bun, Kalimantan Tengah   99% saham. SMU mulai beroperasi secara komersial pada tahun 2012 dan bergerak di bidang pengelolaan
 Indonesia 74113                    perkebunan seluas 16.343,62 hektar, serta memiliki pabrik kelapa sawit dengan kapasitas produksi 75 metrik
 T : (+62-532) 21297                ton TBS per jam. Pada tahun 2024, SMU mengelola aset senilai Rp1.970 miliar.
                                    SMU was established on February 16, 2004 and acquired by the Company in 2015 with 99% of share ownership.
                                    SMU started its commercial operations in 2012 and manages 16,343.62 ha palm oil plantation, a palm oil mill
                                    with production capacity of 75 metric tons of FFB per hour. In 2024, SMU managed total assets of Rp1,970 billion.




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                                                      PT MIRZA PRATAMA PUTRA (MPP)

 Jl. Pakunegara RT. 04 Lt. 2        Pada tahun 2015, Perseroan mengakuisisi 99% saham MPP. MPP didirikan pada 9 Juni 2004 dan bergerak di
 Kec. Arut Selatan                  bidang pengelolaan perkebunan kelapa sawit seluas 6.114,46 hektar, serta memiliki pabrik dengan kapasitas
 Kab. Kotawaringin Barat,           produksi 60 metrik ton TBS per jam. MPP mulai beroperasi secara komersial pada tahun 2011. Pada tahun 2024,
 Kalimantan Tengah                  MPP mengelola aset senilai Rp839 miliar.
 T : (+62-532) 21297                In 2015, the Company acquired 99% of MPP shares. MPP was established on June 9, 2004 and manages 6,114.46
                                    ha palm oil plantation, a palm oil mill with production capacity of 60 metric tons of FFB per hour. MPP started
                                    its commercial operations in 2011. In 2024, MPP managed total assets of Rp839 billion.

                                                     PT MENTENG KENCANA MAS (MKM)

 Jl. Pakunegara RT. 04 Lt. 2        MKM, yang didirikan pada 15 November 2005, fokus pada pengelolaan perkebunan kelapa sawit dengan luas
 Kec. Arut Selatan,                 lahan mencapai 16.402,18 hektar serta pabrik berkapasitas produksi 60 metrik ton TBS per jam. Operasi
 Kab. Kotawaringin Barat,           komersial MKM dimulai pada tahun 2010, dan pada tahun 2015, Perseroan secara tidak langsung mengakuisisi
 Kalimantan Tengah                  99% saham perusahaan ini. Hingga tahun 2024, MKM mengelola aset dengan nilai mencapai Rp1.383 miliar.
 T : (+62-532) 21297                Established on November 15, 2005, MKM manages 16,402.18 ha of palm oil plantation, a palm oil mill with
                                    production capacity of 60 metric tons of FFB per hour. MKM started commercial operations in 2010 and in 2015
                                    the Company has indirectly acquired 99% ownership of the company. As of 2024, MKM managed total assets of
                                    Rp1,383 billion.

                                              SSMS PLANTATION INTERNASIONAL PTE LTD (SPI)

 One Marina Boulevard #28- 00,      Perseroan mendirikan SPI pada 12 Juli 2017 di Singapura dengan kepemilikan penuh (100%) untuk
 Singapura 018989                   mengembangkan layanan konsultasi dan perdagangan. Perusahaan ini memulai kegiatan komersialnya pada
                                    tahun 2018. Hingga tahun 2024, SPI tercatat mengelola aset dengan nilai sebesar Rp1.520 miliar.
                                    The Company established SPI in Singapore on July 12, 2017, with full ownership (100%) to develop
                                    the consultancy and trading services. SPI started its commercial operations in 2018. As of 2024, SPI recorded
                                    total assets of Rp1,520 billion under its management.



Entitas Asosiasi / Associated Entities
                                                       PT SURYA BORNEO INDAH (SBI)

 Jl. H. Udan Said No. 47            Pada 14 Agustus 2019, Perseroan memperoleh 49% saham di PT Surya Borneo Industri (SBI) melalui konversi
 Kel. Baru, Kec. Arut Selatan       pinjaman dan piutang senilai Rp739.301.579. SBI, yang bergerak dalam industri dan perdagangan, telah
 Kabupaten Kotawaringin Barat       memulai operasionalnya sejak tahun 2018. Hingga akhir tahun 2024, Perseroan memegang 49% saham SBI
 T : (+62-532) 21297                dan perusahaan ini mengelola aset dengan nilai Rp956 miliar.
                                    On August 14, 2019, the Company acquired 49% of PT Surya Borneo Industri (SBI) shares through conversion
                                    of loans and receivables of Rp739,301,579. Started its commercial operations in 2018, SBI engaged in industry
                                    and trading. As of end of 2024, the Company holds 49% SBI shares and it managed total assets of Rp956 billion.




Kronologi Pencatatan Saham
                                                                                     Chronology of Share Listing

Perseroan melaksanakan Penawaran Umum Perdana                              The Company conducted an Initial Public Offering (IPO)
Saham (Initial Public Offering/IPO) setelah memperoleh Surat               after obtaining an Effective Statement from Board of
Pernyataan Efektif dari Dewan Komisioner Otoritas Jasa                     Commissioners of the Financial Services Authority (OJK)
Keuangan (OJK) melalui Surat No. S-393/D.04/2013. Dalam                    through Letter No. S-393/D.04/2013. In the IPO, the Company
pelaksanaan IPO, Perseroan menawarkan 1.500.000.000 saham                  offered 1,500,000,000 common shares or equivalent to
biasa atau setara dengan 15,7% dari modal ditempatkan dan                  15.7% of the issued and fully paid-in capital, at a nominal
disetor penuh, dengan nilai nominal Rp100,- per lembar dan                 value of Rp100 per share and an exercise price of Rp670
harga pelaksanaan Rp670,- per lembar. Dari total saham                     per share. Of the total shares offered, 150,000,000 shares
yang dilepas, 150.000.000 saham dialokasikan untuk Program                 are allocated for Employee Stock Allocation Program. It
Alokasi Saham Karyawan (Employee Stock Allocation Program).                was stipulated in the Decree of the Board of Directors
Ketentuan ini tertuang dalam Surat Keputusan Direksi                       No.    Dir.Kom/IPOESA/001/VIII/2013      dated    September
No. Dir.Kom/IPOESA/001/VIII/2013 tanggal 19 September 2013.                19, 2013. On December 12, 2013, all of the Company shares
Pada 12 Desember 2013, seluruh saham Perseroan resmi                       have been officially listed in the Indonesia Stock Exchange,




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tercatat di Bursa Efek Indonesia, dengan jumlah pemegang                      with a total number of shareholders more than 1,200
saham melebihi 1.200 orang. Kronologi pelaksanaan IPO                         individuals. The chronology of IPO is explained as follows.
diuraikan sebagai berikut.


                                                                  Nilai                           Jumlah Saham           Jumlah Saham
                                                                                   Harga
       Tanggal                                                   Nominal                            Diterbitkan             Beredar
                               Tindakan Korporasi                                Penawaran
     Pencatatan                                                  Nominal                         (Lembar Saham)         (Lembar Saham)
                                Corporate Action                                 Offer Price
     Listing Date                                                 Value                          Number of Issued     Number of Outstanding
                                                                                    (Rp)
                                                                   (Rp)                           Shares (Share)         Shares (Share)

                       Sebelum IPO
 -                                                                        -             -                         -         8.025.000.000
                       Before IPO

 3-5 Desember 2013     Penawaran Umum Perdana
                                                                     100             670              1.500.000.000                     -
 December 3-5, 2013    Initial Public Offering

 12 Desember 2013      Pencatatan Saham di Bursa Efek Jakarta
                                                                          -             -             1.500.000.000         9.525.000.000
 December 12, 2013     Share Listing on Jakarta Stock Exchange




Kronologi Obligasi dan Efek Lainnya
                                                       Chronology of Bond and Other Securities

Perseroan, melalui Entitas Anak, SSMS Plantation Holding Pte                  The Company, through a subsidiary, SSMS Plantation Holding
Ltd, menerbitkan obligasi global senilai US$300 juta dengan                   Pte. Ltd., issued a global bond of US$300 million with 7.75%
tingkat bunga 7,75% dan tenor 5 tahun. Obligasi ini resmi                     interest rate and 5 years tenor. The bond were officially listed
terdaftar di The Singapore Exchange (SGX) pada 24 Januari 2018                on The Singapore Exchange Securities Trading Ltd (SGX) on
dan mengalami oversubscription. Dalam proses penerbitan, The                  January 24, 2018 and was oversubscribed. In the issuance
Bank of New York Mellon Cabang London bertindak sebagai                       process, The Bank of New York Mellon London Branch acted as
wali amanat. Sebagian besar dana hasil penerbitan obligasi                    the trustee. Most of the proceed from the issuance of the bond
digunakan untuk melunasi utang bank, sementara 3,4% (setara                   was used to pay off the bank debt, while 3.4% (equal to US$10
dengan US$10 juta) dialokasikan untuk mendanai berbagai                       million) was allocated to finance various Company sustainability
program keberlanjutan Perseroan.                                              programs.


Pada tahun 2022, Perseroan melakukan buyback sebagian                         In 2022, the Company conducted partial buyback of its bond and
obligasi, dan pada tahun 2023, seluruh obligasi global                        in 2023, all of the US$300 million global bond issued in 2018 has
senilai US$300 juta yang diterbitkan pada 2018 telah dilunasi                 been fully paid off.
sepenuhnya.




Kronologi Penerbitan Obligasi Global
Global Bond Issuance Chronology


                               Uraian Kegiatan                                                      Total              Tanggal Pelaksanaan
                               List of Activities                                           (dalam US$) / (in US$)     Implementation Date

 Masa Penawaran Obligasi                                                                                                  23 Januari 2018
                                                                                                   300.000.000
 Bond Booking Period                                                                                                      January 23, 2018

 Pencatatan Obligasi di SGX                                                                                               24 Januari 2018
                                                                                                   300.000.000
 Bond Listing in SGX                                                                                                      January 24, 2018

 Pembayaran Suku Bunga I ke Bank of New York Mellon Cabang New York                                                         23 Juli 2018
                                                                                                    11.625.000
 Payment of Interest Rate I to Bank of New York Mellon, New York Branch                                                     July 23, 2018




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   PT Sawit Sumbermas Sarana Tbk.




                                 Uraian Kegiatan                                                    Total                    Tanggal Pelaksanaan
                                 List of Activities                                         (dalam US$) / (in US$)           Implementation Date

 Pembayaran Suku Bunga II ke Bank of New York Mellon Cabang New York                                                             23 Januari 2019
                                                                                                    11.625.000
 Payment of Interest Rate II to Bank of New York Mellon, New York Branch                                                         January 23, 2019

 Pembayaran Suku Bunga III ke Bank of New York Mellon Cabang New York                                                              23 Juli 2019
                                                                                                    11.625.000
 Payment of Interest Rate III to Bank of New York Mellon, New York Branch                                                          July 23, 2019

 Pembelian Kembali Obligasi Global                                                                                                 14 Juli 2022
                                                                                                   233.752.500
 Global Bond Buyback                                                                                                               July 14, 2022

 Pelunasan Obligasi Global Senilai US$300 juta atau setara Rp4,5 triliun                                                         23 Januari 2023
                                                                                                    40.275.000
 Paid off Global Bond Worth US$300 million or Equal to Rp4.5 trillion                                                            January 23, 2023




Informasi Kantor Akuntan Publik
                                                                      Public Accounting Firm Information


Berdasarkan hasil RUPS Tahunan yang diselenggarakan                           Based on the Company’s Annual GMS, held on April 25, 2024,
pada 25 April 2024 dan atas rekomendasi dari Dewan                            and recommendation from the Board of Commissioner,
Komisaris, Perseroan menunjuk Kantor Akuntan Publik (KAP)                     the Company appointed Public Accounting Firm (KAP)
Purwantono, Sungkoro & Surja sebagai auditor untuk Laporan                    Purwantono, Sungkoro & Surja to audit the Consolidated
Keuangan Konsolidasian tahun buku 2024. Akuntan Publik yang                   Financial Statements for the 2024 Financial Year. The Public
bertanggung jawab dalam audit ini adalah Agung Purwanto.                      Accountant in charge of this audit is Agung Purwanto. The scope
Lingkup jasa yang diberikan oleh KAP tersebut terbatas pada                   of services provided by the KAP is limited to audit Company’s
audit Laporan Keuangan Konsolidasian Perseroan untuk tahun                    Consolidated Financial Statements for the 2024 Financial Year,
buku 2024, tanpa adanya pemberian jasa lain di luar audit                     without provision of other services outside the audit. Following
tersebut. Berikut adalah daftar KAP yang telah mengaudit                      are list of KAP’s that audited the Company’s Consolidated
Laporan Keuangan Konsolidasian Perseroan dalam enam                           Financial Statements in the last six years.
tahun terakhir.


  Tahun                       Kantor Akuntan Publik                              Akuntan Publik
                              Public Accounting Firm                            Public Accountant                                          Biaya
   Buku                                                                                                                Opini
                                                                                                                                            Fee
 Financial      Nama Kantor Akuntan Publik                 No. Izin                              No. Izin             Opinion
                                                                               Auditor                                                      (Rp)
   Year        Name of Public Accounting Firm            License No.                           License No.

                                                                                                                 Wajar dalam semua
              Purwantono, Sungkoro & Surj                                                                        hal yang material
     2024                                               603/KM.1/2015       Agung Purwanto        AP.0687                               4.000.000.000
              (Ernst & Young Indonesia)                                                                          Fair in all material
                                                                                                                 respects

                                                                                                                 Wajar dalam semua
              Purwantono, Sungkoro & Surja                                                                       hal yang material
     2023                                               603/KM.1/2015       Agung Purwanto        AP.0687                               3.850.000.000
              (Ernst & Young Indonesia)                                                                          Fair in all material
                                                                                                                 respects

                                                                                                                 Wajar dalam semua
              Purwantono, Sungkoro & Surja                                                                       hal yang material
     2022                                               603/KM.1/2015       Agung Purwanto        AP.0687                               3.700.000.000
              (Ernst & Young Indonesia)                                                                          Fair in all material
                                                                                                                 respects

                                                                                                                 Wajar dalam semua
              Purwantono, Sungkoro & Surja                                                                       hal yang material
     2021                                               603/KM.1/2015       Agung Purwanto        AP.0687                               3.200.000.000
              (Ernst & Young Indonesia)                                                                          Fair in all material
                                                                                                                 respects

                                                                                                                 Wajar dalam semua
              Purwantono, Sungkoro & Surja                                                                       hal yang material
     2020                                               603/KM.1/2015        Deden Riyadi         AP.0692                               3.600.000.000
              (Ernst & Young Indonesia)                                                                          Fair in all material
                                                                                                                 respects




92                                                                                                                              Laporan Tahunan 2024
Page 95
                                                                                                                     Profil Perusahaan
                                                                                                                       Company Profile




Lembaga/Profesi Penunjang Pasar Modal
                                   Capital Market Supporting Institutions/Professions


 Akuntan Publik dan Kantor Akuntan Publik /                               Pengawas Pasar Modal / Capital Market Supervisor
 Public Accountant and Public Accounting Firm
                                                                          Nama Perusahaan        Otoritas Jasa Keuangan
 Nama Perusahaan         Purwantono, Sungkoro & Surja (Ernst &            Company Name           Financial Services Authority
 Company Name            Young Indonesia)
                                                                          Alamat                 Gedung Soemitro Djojohadikusumo/
 Alamat                  Gedung Indonesia Stock Exchange/                 Address                Soemitro Djojohadikusumo Building
 Address                 Indonesia Stock Exchange Building, Tower                                Jl. Lapangan Banteng Timur 2-4
                         II, Lt. 7                                                               Jakarta 10710
                         Jl. Jenderal Sudirman kav. 52-53
                         Jakarta Selatan 12190 Indonesia                  Jasa yang Diberikan    Sebagai regulator yang melakukan
                                                                          Services Provided      pengawasan dan menerbitkan peraturan
 Jasa yang Diberikan     Mengaudit Laporan Keuangan Konsolidasian                                terkait pasar modal
 Services Provided       Perseroan untuk tahun buku 2024                                         As regulator who supervises and issues the
                         Audit the Company’s Consolidated Financial                              capital market related regulation
                         Statements for the 2024 Financial Year
                                                                          Biaya
                                                                                                 Rp150.000.000,-
 Biaya                                                                    Fee
                         Rp4.000.000.000,-
 Fee
                                                                          Periode Penugasan
                                                                                                 2024
 Periode Penugasan                                                        Assignment Period
                         2024
 Assignment Period


                                                                          Bursa Efek Indonesia / Indonesia Stock Exchange
 Jasa Kustodian Saham / Stock Custodian Services
                                                                          Nama Perusahaan
                                                                                                 PT Bursa Efek Indonesia
 Nama Perusahaan                                                          Company Name
                         PT Kustodian Sentral Efek Indonesia
 Company Name
                                                                          Alamat                 Gedung Bursa Efek Indonesia/Indonesian
 Alamat                  Gedung Bursa Efek Indonesia/Indonesia            Address                Stock Exchange Building, Tower 1
 Address                 Stock Exchange Building, Tower 1, Lt. 5                                 Jl. Jenderal Sudirman Kav. 52-53
                         Jl. Jenderal Sudirman kav. 52-53                                        Jakarta 12190, Indonesia
                         Jakarta Selatan 12190 Indonesia
                                                                          Jasa yang Diberikan    Menyediakan infrastruktur perdagangan
 Jasa yang Diberikan     Jasa Penyimpanan Saham/Bank Kustodian            Services Provided      dan pencatatan efek
 Services Provided       Stock Custody Services/Custodian Bank                                   Providing trading infrastructure and
                                                                                                 securities listing
 Biaya
                         Rp11.000.000,-
 Fee                                                                      Biaya
                                                                                                 Rp277.500.000,-
                                                                          Fee
 Periode Penugasan
                         2024
 Assignment Period                                                        Periode Penugasan
                                                                                                 2024
                                                                          Assignment Period


 Biro Administrasi Efek / Stock Administration Bureau

 Nama Perusahaan
                         PT Datindo Entryco
 Company Name

 Alamat                  Jl. Hayam Wuruk No. 28
 Address                 Jakarta 10120, Indonesia
                         T : +62 21 350 8077
                         F : +62 21 350 8078
                         E : dm@datindo.com

 Jasa yang Diberikan     Jasa Administrasi Saham Pasar Sekunder,
 Services Provided       berupa pencatatan Daftar Pemegang Saham
                         dan pencatatan atas perubahan-perubahan
                         pada Daftar Pemegang Saham atas nama
                         perusahaan yang tercatat di Bursa Efek
                         Indonesia
                         Secondary Market Stock Administration
                         Services, in the form of recording the list of
                         Shareholders and recording changes to the
                         list of Shareholders on behalf of companies
                         listed on the Indonesia Stock Exchange

 Biaya
                         Rp43.600.000,-
 Fee

 Periode Penugasan
                         2024
 Assignment Period




2024 Annual Report                                                                                                                       93
Page 96
   PT Sawit Sumbermas Sarana Tbk.




Informasi pada Situs Web Perseroan
                                                               Information on the Company Website


Perseroan memastikan kepatuhan terhadap Peraturan Otoritas                 The Company ensures compliance with the Financial Services
Jasa Keuangan No. 8/POJK.04/2015 tentang Situs Web Emiten                  Authority Regulation No. 8/POJK.04/2015 on Website of Issuer
atau Perusahaan Publik dengan menyediakan situs web resmi                  or Public Company with an official website www.ssms.co.id.
di www.ssms.co.id. Situs ini memuat informasi yang terbaru,                This website has the latest, accurate and trusted information
akurat, dan terpercaya serta dapat diakses oleh seluruh                    and is accessible by all stakeholders. Available in bilingual
pemangku kepentingan. Disajikan dalam format bilingual, situs              format, this website supports information disclosure and meets
web ini mendukung keterbukaan informasi dan memenuhi                       the needs of shareholders as well as other stakeholders in a
kebutuhan pemegang saham serta pemangku kepentingan                        transparent and sustainable manner.
lainnya secara transparan dan berkesinambungan.


                   Cakupan Informasi                           Ketersediaan                              Keterangan
                   Information Scope                            Availability                             Description

 Informasi Pemegang Saham sampai dengan pemilik akhir
 individu.                                                                     Informasi ini tersedia pada laman Tentang Kami > Struktur Kami.
 Shareholders Information up to the individual ultimate                        This Information is available on the Who We Are tab > Our Structure.
 beneficial owner.

                                                                               Informasi ini tersedia pada laman More > Tata Kelola > Dokumen
 Isi Kode Etik.                                                                Perusahaan > Kode Etik Perusahaan.
 Content of the Code of Conduct.                                               This Information is available on the More tab > Governance >
                                                                               Company Documents > Company Code of Conduct.

 Informasi Rapat Umum Pemegang Saham (RUPS) paling
 kurang meliputi bahan mata acara yang dibahas dalam
 RUPS, ringkasan risalah RUPS, dan informasi tanggal
 penting yaitu tanggal pengumuman RUPS, tanggal
 pemanggilan RUPS, tanggal RUPS, serta tanggal ringkasan
                                                                               Informasi ini tersedia pada laman More > RUPS > Keputusan RUPS.
 risalah RUPS diumumkan.
                                                                               This Information is available on the More tab > RUPS > RUPS
 Information regarding General Meeting of Shareholders
                                                                               Result.
 (GMS) to include at least meeting agenda discussed in
 the GMS, summary of GMS minutes, and information on
 important dates, namely the date of GMS announcement,
 date of GMS invitation, date of GMS, and date of summary of
 GMS minutes announced.

                                                                               Informasi ini tersedia pada laman Hubungan Investor > Pernyataan
 Laporan Keuangan Tahunan terpisah (5 tahun terakhir).                         Keuangan.
 Individual Financial Statements (last 5 years).                               This information is available on the Investor Relations tab >
                                                                               Financial Statement.

 Profil Dewan Komisaris dan Direksi.                                           Informasi ini tersedia pada laman More > Manajemen.
 Profile of Board of Commissioners and Board of Directors.                     This Information is available on the More tab > Management.

 Piagam/Charter Dewan Komisaris, Direksi, Komite-komite,
                                                                               Informasi ini tersedia pada laman More > Tata Kelola > Charter.
 dan Unit Audit Internal.
                                                                               This Information is available on the More tab > Governance >
 Charter of the Board of Commissioners, Board of Directors,
                                                                               Charter.
 Committees, and Internal Audit Unit.




94                                                                                                                           Laporan Tahunan 2024
Page 97
                     Profil Perusahaan
                       Company Profile




2024 Annual Report                       95
Page 98
96   Laporan Tahunan 2024
Page 99
                      Analisis dan
                     Pembahasan
                      Manajemen
                      Management Discussion
                              and Analysis
                                    Perseroan berhasil menjaga ketahanan
                            operasional di tengah fluktuasi ekonomi global
                           dan tantangan industri melalui strategi efisiensi
                                   dan optimalisasi rantai pasok. Di tengah
                              kondisi yang menantang, Perseroan mencatat
                              penurunan produksi, namun tetap fokus pada
                                 penguatan daya saing melalui diversifikasi
                              produk dan pengembangan sektor hilir, serta
                             terus menjaga keberlanjutan bisnis di industri
                                                              kelapa sawit.

                                    The Company maintained its operational
                             resilience amidst global economic fluctuations
                                   and industry challenges by implementing
                           strategies focused on efficiency and supply chain
                           optimization. Despite a decline in production, the
                               Company remained focused on strengthening
                            competitiveness through product diversification
                            and downstream development, while continuing
                            to uphold business sustainability in the palm oil
                                                                    industry.




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      PT Sawit Sumbermas Sarana Tbk.




Tinjauan Perekonomian dan Industri
                                                                    Overview of the Economy and Industry


Analisis Kondisi Perekonomian Global                                           Analysis of Global and National
dan Nasional                                                                   Economic Conditions

Sepanjang tahun 2024, ekonomi global menghadapi dinamika                       Throughout 2024, the global economy faced increased
dengan ketidakpastian yang meningkat. Pertumbuhan ekonomi                      uncertainty. Global economic growth was recorded at 3.2%
global tercatat sebesar 3,2% pada tahun 2024. Meskipun                         in 2024. Nevertheless, the global economy continues to face
demikian, perekonomian global masih menghadapi tantangan                       challenges such as geopolitical tensions, climate change, debt
seperti ketegangan geopolitik, perubahan iklim, tekanan utang                  pressures in developing countries, and rising protectionism,
di negara berkembang, dan peningkatan proteksionisme yang                      which may constrain global economic growth potential. ASEAN
dapat menekan potensi pertumbuhan ekonomi global. ASEAN                        demonstrated stronger resilience, while Europe and the
menunjukkan ketahanan yang lebih baik, sementara Eropa                         United States experienced slowdowns due to political risks
dan Amerika Serikat menghadapi perlambatan akibat risiko                       and protectionist measures. China faced pressure from weak
politik dan proteksionisme. Tiongkok mengalami tekanan dari                    domestic demand and a property crisis, while India continued to
lemahnya permintaan domestik dan krisis properti, sementara                    grow, albeit at a slower pace due to food inflation[¹].
India tetap tumbuh meski melambat karena inflasi pangan[¹].


Aktivitas manufaktur global sempat mengalami kontraksi                         Global manufacturing activity experienced contraction for four
selama empat bulan berturut-turut, namun kembali ke ambang                     consecutive months but returned to the expansion threshold at
ekspansi pada level 50 di bulan November 2024. Eropa dan                       a level of 50 in November 2024. Europe and the United States
Amerika Serikat masih mengalami kontraksi yang dipicu oleh                     remained in contraction, driven by weak new orders due to
lemahnya tingkat pesanan baru akibat permintaan global yang                    low global demand. Toward the end of the year, most global
rendah. Menjelang akhir tahun, sebagian besar komoditas                        commodity prices, except for crude palm oil (CPO), tended to
global, kecuali minyak kelapa sawit (crude palm oil/CPO),                      weaken across the energy, food, and mining sectors[²].
cenderung mengalami pelemahan, baik pada komoditas di
sektor energi, pangan, maupun tambang[²].


Di tengah berbagai dinamika tersebut, perekonomian Indonesia                   Amid these dynamics, Indonesia’s economy showed resilience
menunjukkan daya tahan dengan pertumbuhan sebesar 5,03%                        with growth of 5.03% in 2024. This achievement was supported by
pada tahun 2024. Capaian ini didorong oleh permintaan domestik                 strong domestic demand, stable prices, increased investment,
yang kuat, stabilitas harga, peningkatan investasi, dan kinerja                and improved export performance[³]. Export performance
ekspor yang membaik[³]. Kinerja ekspor melanjutkan tren                        continued its upward trend through November 2024, driven
peningkatan hingga November 2024, terutama didorong oleh                       primarily by a 2.7% year-on-year increase in oil and gas exports
kenaikan ekspor migas sebesar 2,7% (year-on-year, FOB, USD) dan                (FOB, USD) and a 9.5% year-on-year increase in non-oil and gas
ekspor nonmigas sebesar 9,5% (year-on-year, FOB, USD) [²].                     exports (FOB, USD) [²].


Peningkatan ekspor nonmigas ditopang oleh beberapa                             The increase in non-oil and gas exports was supported by
komoditas utama, seperti minyak kelapa sawit olahan (refined                   several key commodities, such as refined palm oil, iron and
palm oil), besi dan baja (terutama feronikel), nikel beserta                   steel (mainly ferronickel), nickel and its derivatives, machinery
turunannya, mesin dan perlengkapan elektrik, serta alas kaki[²].               and electrical equipment, as well as footwear[²]. Throughout
Selama tahun 2024, inflasi juga terkendali dalam rentang                       2024, inflation remained under control within the range of
2,5±1%, nilai tukar rupiah terjaga, dan Neraca Pembayaran                      2.5±1%, the rupiah exchange rate was stable, and Indonesia’s
Indonesia (NPI) mencatatkan surplus[¹]. Selain itu, sektor-                    Balance of Payments (BoP) recorded a surplus[¹]. In addition,
sektor utama seperti industri pengolahan, perdagangan,                         key sectors such as manufacturing, trade, construction, and
konstruksi, dan pariwisata terus berkembang[³].                                tourism continued to grow[³].


Sumber:                                                                        Sources:
[1]
      Laporan Perekonomian Indonesia 2024 – Bank Indonesia.                    [1]
                                                                                     Indonesia Economic Report 2024 – Bank Indonesia.
[2]
      Tinjauan Ekonomi, Keuangan, & Fiskal Edisi IV Tahun 2024 – Kementerian   [2]
                                                                                     Economic, Financial, and Fiscal Review Edition IV 2024 – Ministry of Finance of
      Keuangan Republik Indonesia.                                                   the Republic of Indonesia.
[3]
      Laporan Pertumbuhan Ekonomi Indonesia Triwulan IV-2024 – Badan Pusat     [3]
                                                                                     Indonesia Economic Growth Report Quarter IV-2024 – Statistics Indonesia.
      Statistik.




  98                                                                                                                                      Laporan Tahunan 2024
Page 101
                                                                                            Analisis dan Pembahasan Manajemen
                                                                                             Management Discussion and Analysis




Analisis Industri Kelapa Sawit dan Posisi                          Analysis of the Palm Oil Industry and
Perseroan di Industri                                              the Company’s Position in the Industry

Kelapa sawit tetap menjadi salah satu komoditas ekspor utama       Palm oil remains one of Indonesia’s key export commodities,
Indonesia, memainkan peran penting dalam perekonomian              playing a significant role in the national economy. As of September
nasional. Hingga September 2024, kinerja ekspor non-migas          2024, Indonesia’s non-oil and gas export performance reached
Indonesia mencapai USD181,14 miliar, dengan ekspor lemak           USD181.14 billion, with exports of animal/vegetable fats and
dan minyak hewani/nabati, yang didominasi oleh produk              oils—dominated by palm oil derivative products—contributing
turunan kelapa sawit, menyumbang USD14,43 miliar[¹].               USD14.43 billion[¹].


Pada tahun 2024, harga minyak sawit mentah (CPO) mengalami         In 2024, crude palm oil (CPO) prices experienced fluctuations.
fluktuasi. Hingga Desember 2024, Harga Referensi (HR) CPO          As of December 2024, the CPO Reference Price (HR) showed
menunjukkan tren peningkatan, menjauhi ambang batas                an upward trend, moving away from the threshold of USD680
USD680 per metrik ton. Peningkatan HR CPO ini dipengaruhi          per metric ton. This increase in the CPO Reference Price was
oleh berbagai faktor, termasuk peningkatan permintaan dari         driven by various factors, including rising demand from India,
India, Eropa, dan Amerika Utara, yang tidak diimbangi oleh         Europe, and North America, which was not matched by global
produksi global. Selain itu, penurunan produksi, kebijakan         production. In addition, lower production levels, temporary
larangan sementara ekspor CPO dari beberapa negara                 export bans from several producing countries, increased
produsen, peningkatan konsumsi domestik di Malaysia, serta         domestic consumption in Malaysia, and the weakening of the
pelemahan mata uang ringgit turut berkontribusi terhadap           ringgit also contributed to the increase in the CPO Reference
kenaikan HR CPO[¹].                                                Price[¹].


Data dari Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)        Data from the Indonesian Palm Oil Association (GAPKI) indicated
menunjukkan bahwa pada Oktober 2024, produksi CPO dan              that in October 2024, Indonesia’s CPO and PKO production
PKO Indonesia mencapai 4,84 juta ton, meningkat 9,69%              reached 4.84 million tons, an increase of 9.69% compared to
dibandingkan produksi bulan sebelumnya sebesar 4,42 juta ton.      the previous month’s production of 4.42 million tons. Domestic
Konsumsi dalam negeri juga naik menjadi 2,08 juta ton dari 1,99    consumption also rose to 2.08 million tons from 1.99 million
juta ton pada bulan September 2024. Sementara itu, ekspor          tons in September 2024. Meanwhile, exports increased from
meningkat dari 2,26 juta ton pada September menjadi 2,89 juta      2.26 million tons in September to 2.89 million tons in October
ton pada Oktober 2024[²].                                          2024[²].


Perseroan berkomitmen untuk memperkuat perannya dalam              The Company is committed to strengthen its role in the national
industri kelapa sawit nasional, meskipun menghadapi tantangan      palm oil industry albeit facing the global economic challenge
ekonomi global dan fluktuasi harga. Strategi utama meliputi        and price fluctuation. The main strategies include production
peningkatan produksi, melakukan efisiensi operasional tanpa        increase, conducting operational efficiency without lowering
mengurangi pemeliharaan tanaman, dan pengembangan produk           plants’ maintenance and development of palm oil derivative
turunan sawit untuk memperluas pangsa pasar domestik dan           products to expand domestic and international market share.
internasional. Harmonisasi hilirisasi menjadi kunci keberhasilan   Harmonization of the downstream is the key to success and
dan kolaborasi strategis dengan mitra industri juga terus          we keep improving the strategic collaboration with industrial
ditingkatkan guna memperkokoh posisi Perseroan di pasar global.    partners to bolster the Company position in the global market.




2024 Annual Report                                                                                                                99
Page 102
   PT Sawit Sumbermas Sarana Tbk.




Strategi Bisnis
                                                                                               Business Strategy


Sebagai produsen utama minyak sawit, Perseroan                     As a leading palm oil producer, the Company is utilizing
memanfaatkan posisi strategis Indonesia sebagai salah satu         the strategic position that Indonesia has as one of the largest
pemasok terbesar minyak sawit global untuk mengoptimalkan          global palm oil suppliers to optimize production, from CPO
produksi, mulai dari pengolahan CPO hingga produk turunan          processing to the production of value-added derivative
bernilai tambah. Pada tahun 2024, Perseroan memperkuat             products. In 2024, the Company strengthened its position in
posisinya di industri kelapa sawit dengan mengintegrasikan         the palm oil industry with by integrating the upstream and
operasional hulu dan hilir dalam satu kawasan strategis, yang      downstream operations within one strategic area, allowing
memungkinkan optimalisasi rantai pasok, efisiensi logistik,        better optimization of its supply chain, logistics efficiency, and
serta pengelolaan biaya operasional yang lebih terkendali.         more-controlled operational cost management.


Keunggulan ini berkontribusi pada peningkatan efisiensi dan        All of these advantages contribute to increased efficiency and
ketahanan operasional Perseroan, sehingga dapat menjaga            operational resilience of the Company, enabling it to maintain
profitabilitas meskipun di tengah volatilitas pasar dan            profitability amidst the market volatility and global economic
ketidakpastian ekonomi global. Dengan pendekatan bisnis yang       uncertainties. With an agile and adaptive business approach, the
agile dan adaptif, Perseroan berhasil mempertahankan kinerja       Company managed to maintain a stable financial performance
keuangan yang stabil serta pertumbuhan pendapatan yang             and consistent growth of revenue.
konsisten.


Sebagai bagian dari komitmen terhadap keberlanjutan,               As part of its sustainability commitment, the Company
Perseroan terus berinvestasi dalam inisiatif ESG, termasuk         continuously investing in ESG initiatives, including maintaining
mempertahankan sertifikasi Roundtable on Sustainable Palm Oil      both the Roundtable on Sustainable Palm Oil (RSPO) and
(RSPO) dan Indonesian Sustainable Palm Oil (ISPO), yang telah      Indonesian Sustainable Palm Oil (ISPO) certifications, which
100% diterapkan di seluruh perkebunan dan pabrik. Selain           have been 100% received for all estates and mills. The Company
itu, Perseroan terus mengembangkan program konservasi,             also continuous to develop its conservation programs, including
termasuk inisiatif pelestarian di Pulau Salat, yang memberikan     the preservation initiatives on Salat Island, providing tangible
kontribusi nyata terhadap kelestarian flora dan fauna setempat.    contributions to the preservation of local flora and fauna.
Upaya ini tidak hanya memperkuat reputasi Perseroan di             This effort not only strengthen Company's global reputation but
mata global, tetapi juga memperkuat kepercayaan pemangku           also enhance stakeholder trust in the sustainability practices it
kepentingan terhadap praktik keberlanjutan yang diterapkan.        implement.


Ke depan, Perseroan akan terus memperkuat integrasi                Going forward, the Company will keep improving its operational
operasional serta meningkatkan produktivitas melalui               integration and productivity by optimizing the digital technology,
optimalisasi teknologi digital, otomatisasi proses produksi, dan   automation of production process, and innovative research in
riset inovatif dalam praktik pertanian berkelanjutan. Dengan       sustainable agricultural practices. With the commitment to
komitmen terhadap efisiensi dan keberlanjutan, Perseroan           efficiency and sustainability, the Company will also strengthen
juga akan memperkuat kemitraan strategis guna mendukung            the strategic partnerships to support conservation and ensure
konservasi serta memastikan pasokan minyak sawit yang              the supply of environmentally friendly palm oil with global
ramah lingkungan dan berdaya saing global.                         competitiveness.




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Aspek Pemasaran
                                                                                             Marketing Aspect




Strategi Pemasaran                                               Marketing Strategy

Sebagai perusahaan terpadu, sebagian besar penjualan CPO         As an integrated company, most of the Company’s CPO sales
Perseroan ditujukan kepada PT Citra Borneo Utama Tbk (CBUT)      is directed to PT Citra Borneo Utama Tbk (CBUT) as part of
sebagai bagian dari strategi integrasi hilir. Sebagian kecil     its downstream integration strategy. The remaining smaller
lainnya dijual kepada pembeli lokal dan internasional (ekspor)   portion is sold to local and international buyers (exports) for
untuk produk dari unit hulu dan hilir. Strategi ini memastikan   the products from both upstream and downstream units.
kesinambungan pasokan serta meningkatkan efisiensi               This strategy ensures a continuous supply and improves
operasional, yang pada akhirnya memperkuat daya saing dan        operational efficiency, that eventually strengthen Company’s
profitabilitas Perseroan.                                        competitiveness and profitability.


Seiring meningkatnya konsumsi minyak nabati, terutama di         With the increasing consumption of vegetable oils, particularly
industri biodiesel dan pangan, permintaan global terhadap CPO    in the biodiesel and food industries, the global demand for
dan produk turunannya tetap stabil. Perseroan memanfaatkan       CPO and its derivative products remains stable. The Company
peluang ini dengan memperkuat pemasaran produk hilir melalui     is capitalizing this opportunity by strengthening the marketing
CBUT, baik di pasar domestik maupun global, guna mendukung       of its downstream products via CBUT, both for the domestic
ekspansi dan meningkatkan investasi pada produk turunan          and global markets, to support the expansion and increase
minyak kelapa sawit berkualitas premium, seperti RBDPO,          investment in premium quality palm oil derivative products,
olein, stearin, CPKO, dan PKE. Diversifikasi ini memungkinkan    such as RBDPO, olein, stearin, CPKO, and PKE. Having this
Perseroan menjangkau lebih banyak sektor, termasuk industri      diversification has allows the Company to reach into more
makanan, kosmetik, dan energi terbarukan.                        sectors, including the food, cosmetics, and renewable energy
                                                                 industries.


Ke depan, Perseroan akan terus memperluas pangsa pasar           Going forward, the Company will keep on expanding its
dengan memperkuat jaringan distribusi, meningkatkan              market share by strengthening its distribution network,
efisiensi operasional, serta mengembangkan produk inovatif       improving the operational efficiency, and developing innovative
berbasis teknologi. Langkah ini diharapkan dapat mendukung       technology-based products. These measures are expected to
pertumbuhan berkelanjutan dan meningkatkan daya saing            support sustainable growth and improve the competitiveness of
produk Perseroan di tingkat global.                              Company’s products at the global level.




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   PT Sawit Sumbermas Sarana Tbk.




Prospek Usaha
                                                                                              Business Prospect




Prospek Perekonomian Indonesia                                    Indonesian Economic Outlook for 2025
Tahun 2025

Pertumbuhan ekonomi global pada tahun 2025 diproyeksikan          Global economic growth in 2025 is projected to remain stagnant
stagnan di kisaran 3,2%. Meskipun demikian, perekonomian          at around 3.2%. Nevertheless, Indonesia's economy is expected
Indonesia diharapkan tetap tumbuh solid di atas 5%, dengan        to maintain solid growth above 5%, with the government
pemerintah menargetkan pertumbuhan ekonomi mencapai               targeting economic growth of 5.2% in 2025. Synergy between
5,2% pada tahun 2025. Sinergi antara kebijakan fiskal, moneter,   fiscal, monetary, and financial sector policies will continue to be
dan sektor keuangan akan terus diperkuat untuk mengatasi          strengthened to address global risks and create opportunities
risiko global dan menciptakan peluang guna meningkatkan           to improve public welfare.
kesejahteraan masyarakat.


Bank Indonesia mengarahkan kebijakan moneter tahun 2025           Bank Indonesia will consistently direct its monetary policy
secara konsisten untuk memastikan inflasi terkendali dalam        in 2025 to ensure inflation remains under control within the
sasaran 2,5±1%, dengan tetap mendukung pertumbuhan                target range of 2.5±1%, while still supporting economic growth.
ekonomi. Kebijakan moneter tahun 2025 akan fokus pada 4           The 2025 monetary policy will focus on four key instruments to
instrumen utama untuk mendukung stabilitas dan pertumbuhan        support stability and economic growth:
ekonomi:
1. Suku bunga: Pendekatan yang bersifat forward looking           1. Interest rate policy: A forward-looking and pre-emptive
    dan pre-emptive akan diterapkan untuk mencapai sasaran           approach will be implemented to achieve the inflation target
    inflasi, sembari mendukung pertumbuhan ekonomi;                  while supporting economic growth;




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2. Stabilisasi nilai tukar Rupiah: Upaya ini dilakukan untuk                   2. Rupiah exchange rate stabilization: This effort aims to
   mencapai sasaran inflasi dan menjaga stabilitas eksternal;                     meet the inflation target and maintain external stability;
3. Operasi moneter pro-pasar: Langkah ini bertujuan                            3. Pro-market monetary operations: This measure is intended
   memperkuat transmisi kebijakan dan stabilitas pasar; serta                     to strengthen policy transmission and market stability; and
4. Pengelolaan cadangan devisa: Menjaga cadangan devisa                        4. Foreign exchange reserve management: Maintaining
   guna mendukung stabilitas nilai tukar dan pembayaran                           reserves to support exchange rate stability and external debt
   utang luar negeri, dengan koordinasi intensif bersama                          payments, through close coordination with the Government
   Pemerintah dan Komite Stabilitas Sistem Keuangan (KSSK).                       and the Financial System Stability Committee (KSSK).


Selain itu, Bank Indonesia akan terus memperkuat kebijakan                     In addition, Bank Indonesia will continue to strengthen its
makroprudensial yang akomodatif pada tahun 2025 untuk                          accommodative macroprudential policy in 2025 to support
mendukung pertumbuhan ekonomi berkelanjutan.                                   sustainable economic growth.


Sumber:                                                                        Sources:
[1]
      Tinjauan Ekonomi, Keuangan, & Fiskal Edisi IV Tahun 2024 – Kementerian   [1]
                                                                                     Economic, Financial, and Fiscal Review Edition IV 2024 – Ministry of Finance of
      Keuangan Republik Indonesia.                                                   the Republic of Indonesia.
[2]
      Laporan Perekonomian Indonesia 2024 – Bank Indonesia.                    [2]
                                                                                     Indonesia Economic Report 2024 – Bank Indonesia.




Prospek Industri Sawit 2025                                                    Palm Oil Industry Prospect for 2025

Industri kelapa sawit Indonesia pada tahun 2025 diproyeksikan                  Indonesia’s palm oil industry in 2025 is projected to face
menghadapi sejumlah tantangan dan peluang yang signifikan.                     several significant challenges and opportunities. Although the
Meskipun luas lahan perkebunan sawit terus berkembang,                         total plantation area continues to expand, production growth
pertumbuhan produksi tidak sebanding akibat rendahnya                          remains limited due to low productivity, particularly from aging
produktivitas, terutama dari tanaman yang belum diremajakan.                   trees that have not yet undergone replanting. Accelerating the
Percepatan program peremajaan sawit rakyat menjadi kunci                       smallholder palm oil replanting program is key to improving
untuk meningkatkan produktivitas dan memenuhi permintaan                       productivity and meeting both domestic and export demand.
domestik serta ekspor. Pemerintah diharapkan mempercepat                       The government is expected to expedite replanting efforts and
peremajaan sawit dan hilirisasi industri guna meningkatkan                     downstream industrial development to boost productivity[¹].
produktivitas[¹].


Pemerintah Indonesia berencana mengimplementasikan penuh                       The Indonesian government plans to fully implement the B40
program biodiesel B40 pada Maret 2025, yang mencampurkan                       biodiesel program in March 2025, which involves blending 40%
40% bahan bakar berbasis minyak sawit. Langkah ini                             palm oil-based fuel. This initiative aims to reduce reliance on
bertujuan mengurangi ketergantungan pada impor solar dan                       diesel imports and increase domestic palm oil absorption.
meningkatkan penyerapan minyak sawit domestik. Namun,                          However, its implementation may affect the availability of palm
implementasi ini dapat memengaruhi ketersediaan minyak                         oil for export and potentially drive up global CPO prices[²].
sawit untuk ekspor dan berpotensi meningkatkan harga CPO di
pasar global[²].


Industri sawit Indonesia juga harus menghadapi tantangan dari                  Indonesia's palm oil industry must also address challenges
kebijakan global, seperti European Union Deforestation Regulation              from global policies, such as the European Union Deforestation
(EUDR), yang memerlukan ketertelusuran dan keberlanjutan                       Regulation (EUDR), which requires traceability and sustainability
dalam rantai pasokan sawit. Regulasi ini dapat berdampak                       within the palm oil supply chain. This regulation could negatively
negatif pada ekspor minyak sawit Indonesia ke Uni Eropa,                       impact Indonesia’s palm oil exports to the European Union, even
meskipun pasar tersebut bukan yang utama. Oleh karena itu,                     though it is not the main export market. Therefore, enhancing
peningkatan standar keberlanjutan dan ketertelusuran menjadi                   sustainability standards and traceability is crucial to maintaining
penting untuk mempertahankan akses ke pasar Eropa[³].                          access to the European market[³].


Untuk mengurangi ketergantungan pada ekspor CPO mentah                         To reduce dependency on crude palm oil (CPO) exports and
dan meningkatkan nilai tambah, hilirisasi dan diversifikasi                    increase added value, downstream processing and product
produk sawit menjadi langkah strategis yang sangat diperlukan.                 diversification are strategic priorities. Improving human
Peningkatan keterampilan sumber daya manusia serta                             resource capabilities and advancing palm oil processing




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      PT Sawit Sumbermas Sarana Tbk.




pengembangan teknologi pengolahan sawit akan memberikan                           technology will provide greater added value for Indonesia and
nilai tambah yang lebih besar bagi Indonesia dan menjaga daya                     help maintain competitiveness in the global market[¹].
saing di pasar global[¹].


Sumber:                                                                           Sources:
[1]
      Tantangan Meningkatkan Produksi Sawit Tahun 2025. Sawit Indonesia,          [1]
                                                                                        Challenges in Increasing Palm Oil Production in 2025. Sawit Indonesia,
      Desember 2024.                                                                    December 2024.
[2]
      Indonesia expects to reach full implementation of B40 biodiesel in March.   [2]
                                                                                        Indonesia Expects to Reach Full Implementation of B40 Biodiesel in March.
      Reuters, 14 Februari 2025.                                                        Reuters, February 14, 2025.
[3]
      Kebijakan EUDR dan Pengaruhnya Bagi Komoditas Ekspor Indonesia. FEM IPB,    [3]
                                                                                        EUDR Policy and Its Impact on Indonesia's Export Commodities. FEM IPB,
      2024.                                                                             2024.




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Tinjauan Operasi per Segmen Usaha
                                                                                 Operating Review by Business Segment


Sejak meningkatkan kepemilikan saham di CBUT, Perseroan                                              Since increasing share ownership in CBUT, the Company
menjalankan kegiatan operasional dari hulu ke hilir melalui                                          has operated an integrated business across two segments,
2 segmen, yaitu upstream dan downstream. Segmen upstream                                             namely upstream and downstream. The upstream
mencakup pengelolaan perkebunan kelapa sawit dan                                                     segment covers the management of palm oil plantations
penjualan produknya di Kalimantan Tengah. Sementara itu,                                             and the sale of related products in Central Kalimantan.
segmen downstream berfokus pada penjualan minyak nabati                                              Meanwhile, the downstream segment focuses on the
untuk pasar lokal dan ekspor. Seluruh kegiatan operasional                                           sale of vegetable oil for both local and export markets.
Perseroan berlokasi di Kalimantan Tengah, dengan perkebunan                                          All of the Company’s operations are located in Central
kelapa sawit tersebar di Kotawaringin Barat, Lamandau, dan                                           Kalimantan, with palm oil plantations spread across
Pulang Pisau, serta pabrik refinery yang beroperasi di Kumai,                                        Kotawaringin Barat, Lamandau, and Pulang Pisau, and a
Kotawaringin Barat.                                                                                  refinery plant operating in Kumai, Kotawaringin Barat.


                                                                                                           Perkebunan Kelapa Sawit
               UPSTREAM                                                                                      Palm Oil Plantation

  • Budidaya perkebunan Kelapa Sawit
                                                                                                            Perkebunan yang Dikelola
                                                 'Internal Productions:




  • Panen Tandan Buah Segar (TBS)                                            Perkebunan Sendiri                                              Independen/Pihak Ketiga
                                                    -2 mil MT of FFB




                                                                                                                   (Plasma)
  • Penelitian dan Pengembangan untuk                                          Own Plantation                                                Independent/Third-Party
    peningkatan produktivitas/yield                                                                        Managed Plantation (Plasma)
  • Palm Oil Plantation Cultivation  
  • Fresh Fruit Bunch (FFB) Harvesting  
  • Research and Development to Improve
    Productivity/Yield  
                                                                                                            Tandan Buah Segar (TBS)
                                                                                                            Fresh Fruit Bunches (FFB)




               UPSTREAM                                                                                               Pabrik
                                                 Internal production:




                                                                                                                     Factory
                                                   -500K MT of CPO




  • Penggilingan TBS dan penghancuran PK
  • Pengilangan untuk produksi produk CPO
    dan PK
  • FFB Milling and PK Crushing                                              Minyak Sawit Mentah                                                     Inti Sawit
  • Refining for CPO and PK Production                                       Crude Palm Oil (CPO)                                                Palm Kernel (PK)




              MIDSTREAM                                                       Pabrik Pengilangan/                                              Pabrik Penghancuran
                                                                                  Fraksionasi                                                       Inti Sawit
                                                                          Refinery/ Fractionation Plant                                        Kernel Crushing Plant
  • Pengolahan lebih lanjut CPO menjadi
                                                 Refinery Capacity:
                                                 -850K MT of CPO




    produk akhir
  • Cabang perdagangan untuk dijual
    kekonsumen akhir produk                                                   Produk CPO Curah/                                                  Produk PK Curah/
  • Further Processing of CPO into End                                        Bulk CPO Products                                                  Bulk PK Products
    Products                                                                     RBD Palm Oil                                                     Palm Kernel Oil
  • Trading Branch for Sales to End-Product                                                                                                     Palm Kernel Expeller
                                                                                RBD Palm Olein
    Consumers  
                                                                               RBD Palm Stearin                                                  Palm kernel olein
                                                                            Palm Fatty Acid Distillate


          Operasional dilakukan oleh
                                              downstream business




          PT Citra Borneo Utama Tbk                                       Produk Campuran/Khusus                                              Produk Konsumen Akhir
                                               produced by CBUT/




                                                                          Blended/Specialty Products                                          End-Consumer Products
                                                 *Presently not




         Operations are carried out by
          PT Citra Borneo Utama Tbk.                                               Edible Oils                                                   Food and Nutrition
                                                                                 Oleochemicals                                                Beauty and Personal Care
                                                                                    Biodiesel                                                  Home Care/Industrials




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Segmen Perkebunan (Hulu)                                                   Plantation Segment (Upstream)

Pada segmen hulu (upstream), Perseroan menjalankan kegiatan                In the upstream segment, the Company conducts oil palm
perkebunan dan pemanenan kelapa sawit, menghasilkan tandan                 plantation and harvesting activities, producing fresh fruit bunches
buah segar yang selanjutnya diolah di pabrik untuk menjadi                 (FFB) that are subsequently processed at the mill into crude palm
(CPO). Pada tahun 2024, total area perkebunan Perseroan                    oil (CPO). In 2024, the Company's total plantation area reached
mencapai 115.571 ha, yang terdiri dari 93.224 ha perkebunan                115,571 hectares, consisting of 93,224 hectares of nucleus
inti dan 22.347 ha perkebunan plasma. Dari total luas tersebut             plantations and 22,347 hectares of plasma plantations. Of this
925 ha merupakan area yang belum menghasilkan, terdiri dari                total, 925 hectares are classified as immature areas, comprising
286 ha perkebunan inti dan 639 ha perkebunan plasma; 81.604                286 hectares of nucleus plantations and 639 hectares of plasma
ha merupakan area yang sudah menghasilkan, dengan rincian                  plantations; 81,604 hectares are classified as productive areas,
68.941 ha perkebunan inti dan 12.663 ha perkebunan plasma;                 including 68,941 hectares of nucleus plantations and 12,663
serta 33.040 ha tercatat sebagai area perkebunan lainnya,                  hectares of plasma plantations; and 33,040 hectares are recorded
mencakup 23.997 ha perkebunan inti dan 9.043 ha perkebunan                 as other plantation areas, covering 23,997 hectares of nucleus
plasma.                                                                    plantations and 9,043 hectares of plasma plantations.




                                         PKS Malata


                                     PKS Naga Kiu


                                 PKS Sumber Cahaya


                                         PKS Sulung


                                    PKS Selangkun


                                    PKS Natai Baru




                                                                                                                          PKS Kanamit



                                West Kotawaringin PKM
                                                                                            PKS Suyap

                                                                                          Pabrik Biogas




  1.   PT Mirza Pratama Putra       3.    PT Tanjung Sawit Abadi      5.     PT Sawit Sumbermas Sarana      6.   PT Mitra Mendawai Sejati
       i) Sumber Cahaya                   i) Nanuah                          i) Kenambui                         i) Umpang
                                          ii) Sungai Bulik                   ii) Sulung                          ii) Suayap
  2.   PT Sawit Multi Utama               iii) Melata                        iii) Rangda
       i) Pedongatan                                                         iv) Pulau                      7.   PT Menteng Kencana Mas
       ii) Nanga Kiu                4.    PT Kalimantan Sawit Abadi          v) Kondang                          i) Kanamit
       iii) Merambang                     i) Natai Baru                      vi) Selangkun                       ii) Badirih
       iv) Sepondam                       ii) Batu Kotam                     vii) Rungun                         iii) Bahaur
       v) Batu Tunggal




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       Perkebunan Inti & Plasma                          Perkebunan Inti                             Perkebunan Plasma
     Nucleus and Plasma Plantations                     Nucleus Plantation                            Plasma Plantation

            Grand Total Area                             Grand Total Area                              Grand Total Area

          115.571
           Hektare / Hectares
                                                         93.224
                                                        Hektare / Hectares
                                                                                                      22.347
                                                                                                      Hektare / Hectares



     Luas Area Belum Menghasilkan                 Luas Area Belum Menghasilkan                 Luas Area Belum Menghasilkan
       Immature Plantation Area                     Immature Plantation Area                     Immature Plantation Area




                925
           Hektare / Hectares
                                                             286
                                                        Hektare / Hectares
                                                                                                           639
                                                                                                      Hektare / Hectares



         Luas Area Menghasilkan                       Luas Area Menghasilkan                       Luas Area Menghasilkan
          Mature Plantation Area                      Mature Plantation Area                        Mature Plantation Area




            81.604
           Hektare / Hectares
                                                         68.941
                                                        Hektare / Hectares
                                                                                                      12.663
                                                                                                      Hektare / Hectares



                Lain-Lain                                    Lain-Lain                                     Lain-Lain
                 Others                                       Others                                        Others




            33.040
           Hektare / Hectares
                                                         23.997
                                                        Hektare / Hectares
                                                                                                        9.043
                                                                                                      Hektare / Hectares




Kinerja Perkebunan (Hulu)                                           Upstream Plantation Performance
Perseroan dan Entitas Anak mengelola perkebunan kelapa              The Company and its Subsidiaries manage oil palm plantations
sawit untuk menghasilkan tandan buah segar, yang selanjutnya        to produce fresh fruit bunches, which are further processed into
diolah menjadi inti sawit, minyak kelapa sawit, dan minyak inti     palm kernels, crude palm oil, and palm kernel oil to enhance
sawit guna meningkatkan nilai tambah produk.                        the added value of the products.


Produk-Produk Segmen Hulu Perseroan
Upstream Segment Products




    Tandan Buah Segar                      Inti Sawit                    Minyak Kelapa Sawit                Minyak Inti Sawit
      Fresh Fruit Bunch                   Palm Kernel                       Crude Palm Oil                   Palm Kernel Oil




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   PT Sawit Sumbermas Sarana Tbk.




Pada tahun 2024, produk sawit dengan volume produksi                     In 2024, the palm oil product with the highest production volume
tertinggi adalah tandan buah segar, yang mencapai 1.562.446              was fresh fruit bunches, reaching 1,562,446 metric tons, while
metrik ton, sementara minyak inti sawit mencatatkan volume               palm kernel oil recorded the lowest production volume. Details
produksi terendah. Rincian produksi segmen perkebunan (hulu)             of the upstream plantation production are presented in the
disajikan dalam tabel berikut.                                           following table.


Tabel Volume Produksi Produk Sawit Tahun 2022-2024 (MT)
Table of Palm Product Production Volume for 2022–2024 (MT)

                                                                                                                    Pertumbuhan
                          Uraian                                                                                       Growth
                                                              2024                2023            2022               2024-2023
                        Description
                                                                                                                 Nominal          %

 Minyak Kelapa Sawit / Crude Palm Oil (CPO)                   461.414             518.819          508.094       (160.742)      (9,33)

 Inti Sawit / Palm Kernel                                      89.833              99.082           97.019         (9.249)      (9,33)

 Minyak Inti Sawit / Palm Kernel Oil (PKO)                     20.388              22.327           18.726         (1.939)      (8,68)

 Tandan Buah Segar dari Perkebunan Inti /
                                                             1.562.446           1.723.170       1.862.561       (160.724)      (9,33)
 Fresh Fruit Bunches (FFB) from Nucleus Plantations




Analisis Kinerja Segmen                                                  Segment Performance Analysis

Minyak Kelapa Sawit                                                      Crude Palm Oil
Produk utama Perseroan adalah minyak kelapa sawit (CPO),                 The Company’s main product is crude palm oil (CPO), produced
yang diproduksi dari tandan buah segar (TBS) hasil perkebunan            from fresh fruit bunches (FFB) harvested from the Company’s oil
kelapa sawit Perseroan. Sebagai salah satu produsen CPO swasta           palm plantations. As one of the largest private CPO producers
terbesar di Kalimantan Tengah, Perseroan mengekstraksi CPO               in Central Kalimantan, the Company extracts CPO from the
dari mesocarp buah kelapa sawit di delapan Pabrik Kelapa Sawit           mesocarp of oil palm fruit at eight palm oil mills (PKS) located
(PKS) yang berlokasi di dalam area perkebunan.                           within the plantation area.


Pada tahun 2024, produksi CPO mencapai 461.414 metrik ton,               In 2024, CPO production reached 461,414 metric tons,
menurun 9,33% dibandingkan tahun 2023 yang sebesar 518.819               a decline of 9.33% compared to 518,819 metric tons in 2023.
metrik ton. Oil Extraction Rate (OER) tahun 2024 tercatat sebesar        The Oil Extraction Rate (OER) in 2024 was recorded at 21.8%, an
21,8%, meningkat dibandingkan OER tahun 2023 yang sebesar                increase compared to the 2023 OER of 22.1%.
22,1%.


Inti Sawit                                                               Palm Kernel
Inti sawit (palm kernel/PK) diperoleh dari biji kelapa sawit yang        Palm kernel (PK) is obtained from the seeds of oil palm fruit
dikumpulkan selama proses pengolahan. Pada tahun 2024,                   collected during the processing stage. In 2024, PK production
produksi PK menurun sebesar 9,33% menjadi 89.833 metrik                  decreased by 9.33% to 89,833 metric ton, compared to 99,082
ton, dibandingkan dengan 99.082 metrik ton pada tahun 2023.              metrik ton in 2023. PK is generally used as raw material in the
PK umumnya digunakan sebagai bahan baku dalam industri                   food and animal feed industries.
makanan dan pakan ternak.


Minyak Inti Sawit                                                        Palm Kernel Oil
Minyak inti sawit (palm kernel oil/PKO) merupakan produk                 Palm kernel oil (PKO) is a derivative product of oil palm.
turunan dari kelapa sawit. Perseroan memiliki kapasitas dan              The Company has the capacity and capability to produce PKO
kemampuan untuk memproduksi PKO melalui ekstraksi biji                   through the extraction of palm kernels at its kernel crushing
kelapa sawit di pabrik pengolahan inti sawit (kernel crushing            plant (KCP). In 2024, the Company’s PKO production declined
plant/KCP). Pada tahun 2024, produksi PKO Perseroan menurun              by 8.68% from 22,327 metric tons in 2023 to 20,338 metric tons.
sebesar 8,68% dari 22.327 metrik ton pada tahun 2023 menjadi
20.338 metrik ton.




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Tandan Buah Segar                                                          Fresh Fruit Bunches
Pada tahun 2024, Perseroan berhasil memproduksi tandan                     In 2024, the Company successfully produced 1,562,446 metrik
buah segar (TBS) dari perkebunan inti sebanyak 1.562.446                   ton of fresh fruit bunches (FFB) from nucleus plantations, an
metrik ton, menurun 9,33% dibandingkan produksi tahun                      decrease of 9.33% compared to 1,723,170 metrik ton in 2023.
2023 yang mencapai 1.723.170 metrik ton. Penurunan ini                     This decline was due to the wet months or high rainfall period
dikarenakan pada periode tahun 2020-2022 merupakan                         in 2020-2022, that disrupted the soil absorption process of
bulan basah atau curah hujan tinggi, sehingga menyebabkan                  the fertilization, leading to current fruits formation.
terganggunya proses penyerapan hasil pemupukan oleh tanah
yang berdampak pembuahannya saat ini.


Profitabilitas Segmen Perkebunan                                           Plantation Segment Profitability
Segmen perkebunan, dengan produk yang dihasilkannya,                       The plantation segment, through its products, contributed
menyumbang 46,03% atau sebesar Rp4.843 miliar dari total                   46.03% or Rp4,843 billion to the Company’s total revenue
pendapatan Perseroan tahun 2024. Rincian profitabilitas                    in 2024. Details of the plantation segment’s profitability are
segmen perkebunan dapat dilihat pada tabel berikut.                        presented in the following table.



                                                                       (dalam miliar Rupiah, kecuali dinyatakan lain/ in billion Rupiah, unless otherwise stated)

                                                                                                                                   Pertumbuhan
                       Uraian                                                                                                         Growth
                                                         2024                  2023                     2022                        2024-2023
                     Description
                                                                                                                              Nominal                 %

 Penjualan / Sales                                       10.522                10.703                   11.240                   (182)               (1,70)
 Beban Pokok Penjualan / Cost of Sales                   (7.242)               (7.904)                  (6.396)                  (662)               (8,38)
 Laba Kotor / Gross Profit                                3.280                  2.799                   4.304                     481               17,17
 Margin Laba Kotor (%) / Gross Profit Margin (%)             31                     26                       38                       5              19,23


Kinerja Biogas                                                             Biogas Performance
Perseroan mengembangkan Pembangkit Listrik Tenaga                          The Company has developed the Biomass Power Plant (PLTBM)
Biomassa (PLTBM) yang menghasilkan listrik ramah lingkungan                producing environmentally friendly electricity from palm oil
dari limbah sawit. Pabrik biogas ini memiliki kapasitas 1,5 Mega           waste. The biogas plant has a 1.5 Mega Watts capacity, used to
Watt yang digunakan untuk mendukung operasional Perseroan                  support the Company’s operations and distributed to employee
serta disalurkan ke pemukiman karyawan di sekitar area usaha.              residential areas surrounding the business locations.



Segmen Hilir (Downstream)                                                  Downstream Segment

Perseroan menjalankan kegiatan usaha di segmen hilir dengan                The Company conducts business activities in the downstream
memproduksi dan menjual berbagai produk turunan minyak                     segment by producing and selling various palm oil derivative
sawit, termasuk refined bleached deodorized palm oil (RBDPO),              products, including refined bleached deodorized palm oil
palm fatty acid distillate (PFAD), olein, stearin, crude palm kernel       (RBDPO), palm fatty acid distillate (PFAD), olein, stearin, crude
oil (CPKO), dan palm kernel expeller (PKE).                                palm kernel oil (CPKO), and palm kernel expeller (PKE).


Dalam pengolahan crude palm oil (CPO), Perseroan didukung                  For crude palm oil (CPO) processing, the Company is supported
oleh pabrik refinery dan fraksinasi, masing-masing memiliki                by refinery and fractionation plants, each with a production
kapasitas produksi 2.500 ton CPO per hari atau 850.000 ton CPO             capacity of 2,500 tons of CPO per day or 850,000 tons of CPO per
per tahun, serta 2.500 ton RBDPO per hari atau 850.000 ton                 year, as well as 2,500 tons of RBDPO per day or 850,000 tons of
RBDPO per tahun.                                                           RBDPO per year.


Selain itu, Perseroan mengoperasikan pabrik kernel crushing                In addition, the Company operates a kernel crushing plant
dengan kapasitas 600 metrik ton kernel per hari atau                       with a capacity of 600 metrik ton of kernel per day or 192,000
192.000 metrik ton per tahun, serta memiliki tank farm untuk               metrik ton per year and owns tank farm for the storage of raw
penyimpanan bahan baku dan produk hasil pengolahan.                        materials and processed products.




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    PT Sawit Sumbermas Sarana Tbk.




Rincian kapasitas masing-masing pabrik Perseroan disajikan                    Details of the capacities of each of the Company’s plants are
dalam tabel berikut.                                                          presented in the following table.


                                        Uraian
                                                                                               2024                       2023                      2022
                                      Description

 Refinery

 Kapasitas CPO (ton per hari) 1) Yield / CPO Capacity (tons per day):                           2.500                      2.500                     2.500

   RBDPO (%)                                                                                    95,82                      95,76                     95,58

   PFAD (%)                                                                                      3,62                       3,76                      3,97

   Utilisasi (%) / Utilization (%)                                                              77,01                      94,70                     63,44

 Fraksinasi / Fractionation

 Kapasitas RBDPO (ton per hari) 2) Yield / RBDPO Capacity (tons per day):                       2.500                      2.500                     2.500

   Olein (%)                                                                                    81,42                      81,01                     82,34

   Stearin (%)                                                                                  18,58                      18,99                     17,66

   Utilisasi (%) / Utilization (%)                                                              42,83                      84,95                     54,14

Catatan:                                                                      Notes:
1)
   Kapasitas CPO adalah kemampuan pabrik untuk mengolah CPO per hari.         1)
                                                                                CPO capacity refers to the plant’s ability to process CPO per day.
2)
   Kapasitas RBDPO adalah kemampuan pabrik untuk mengolah RBDPO per hari.     2)
                                                                                RBDPO capacity refers to the plant’s ability to process RBDPO per day.




Tank Farm

                                                        Uraian
                                                                                                                                        Volume
                                                      Description

 Kapasitas Penyimpanan CPO (ton) / CPO Storage Capacity (tons)                                                                            28.000

 Kapasitas Penyimpanan RBDPO (ton) / RBDPO Storage Capacity (tons)                                                                        17.000

 Kapasitas Penyimpanan PFAD (ton) / PFAD Storage Capacity (tons)                                                                          11.000

 Kapasitas Penyimpanan Olein (ton) / Olein Storage Capacity (tons)                                                                        28.000

 Kapasitas Penyimpanan Stearin (ton) / Stearin Storage Capacity (tons)                                                                    12.000



Pabrik Kernel Crushing
Kernel Crushing Plant

                                         Uraian
                                                                                                2024                       2023                     2022
                                       Description

 Refinery

 Kapasitas Kernel (ton per hari) 1) / Kernel Capacity (tons per day)                               600                        600                       600

 Kapasitas Penyimpanan Kernel (ton) / Kernel Storage Capacity (tons)                           12.500                       2.500                     2.500

 Kapasitas Penyimpanan CPKO (ton) / CPKO Storage Capacity (tons)                                 4.000                      4.000                     4.000

 Kapasitas Penyimpanan PKE (ton) / PKE Storage Capacity (tons)                                  5.000                       5.000                     5.000

 Yield

 CPKO (%)                                                                                        40,42                      40,40                     43,50

 PKE (%)                                                                                         54,97                      55,67                     53,00

 Utilisasi (%) / Utilization (%)                                                                 29,00                      35,81                     34,36

Catatan:                                                                      Notes:
1)
   Kapasitas kernel adalah kemampuan pabrik untuk mengolah kernel per hari.   1)
                                                                                Kernel capacity refers to the plant’s ability to process kernels per day.
2)
   Pabrik masih dalam tahap commissioning.                                    2)
                                                                                The plant is still in the commissioning stage.




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                                                                                          Analisis dan Pembahasan Manajemen
                                                                                           Management Discussion and Analysis




Kinerja Segmen Hilir (Downstream)                                  Downstream Segment Performance
Perseroan memproduksi berbagai produk turunan kelapa sawit         The Company produces various palm oil derivative products
melalui pabrik refinery, fraksinasi, dan kernel crushing, selain   through its refinery, fractionation, and kernel crushing plants,
hasil yang diperoleh dari perkebunan. Rincian masing-masing        in addition to the outputs obtained from the plantations.
produk di segmen hilir disajikan sebagai berikut.                  The details of each product in the downstream segment are
                                                                   presented as follows.


Refinery                                                           Refinery
Perseroan memiliki kapasitas refinery CPO sebesar 2.500 ton        The Company has a CPO refinery capacity of 2,500 tons per day,
per hari, yang berkontribusi 6% dari total kapasitas refinery di   contributing 6% of the total refinery capacity in Kalimantan,
Kalimantan, yaitu 41.700 ton per hari. Melalui proses refinery,    which amounts to 41,700 tons per day. Through the refinery
Perseroan memproduksi refined bleached deodorized palm oil         process, the Company produces refined bleached deodorized
(RBDPO) dan palm fatty acid distillate (PFAD). Rincian kinerja     palm oil (RBDPO) and palm fatty acid distillate (PFAD).
produksi refinery disajikan sebagai berikut.                       The details of refinery production performance are presented
                                                                   as follows.


Tabel Produksi Refinery
Refinery Production Table

                                 Uraian
                                                                               2024                2023               2022
                               Description

 Refinery

 RBDPO (MT)                                                                    387.833             746.929            548.556

 PFAD (MT)                                                                      14.659              29.323              27.364

 Total (MT)                                                                   402.492              776.252            575.920



Produksi pabrik refinery pada tahun 2024 menurun sebesar           In 2024, the refinery plant production decreased by 48.15% to
48,15% mencapai 462.492 metrik ton, dibandingkan dengan            462.492 metric tons, from 776,252 metric tons in 2023.
776.252 metrik ton pada tahun 2023.


Fraksinasi                                                         Fractionation
Selain refinery, Perseroan juga menjalankan kegiatan fraksinasi,   In addition to refinery operations, the Company also carries
yaitu proses pemisahan minyak kelapa sawit dan minyak inti         out fractionation, which is the process of separating palm oil
sawit menjadi berbagai produk turunan, termasuk minyak             and palm kernel oil into various derivative products, including
murni kelapa sawit, minyak mentah kelapa sawit, minyak             refined palm oil, crude palm oil, crude palm kernel oil, and
mentah inti kelapa sawit, dan minyak murni inti kelapa sawit.      refined palm kernel oil.


Melalui proses fraksinasi, Perseroan menghasilkan RBDPL IV         Through the fractionation process, the Company produces
56, RBDPS (IV 56), RBDPL IV 57, RBDPS (IV 57), RBDPL IV 58,        RBDPL IV 56, RBDPS (IV 56), RBDPL IV 57, RBDPS (IV 57),
dan RBDPS (IV 58). Rincian kinerja produksi fraksinasi disajikan   RBDPL IV 58, and RBDPS (IV 58). The details of fractionation
sebagai berikut.                                                   production performance are presented as follows.


Tabel Produksi Fraksinasi
Fractionation Production Table

                                  Uraian
                                                                                 2024               2023               2022
                                Description

 Fraksinasi / Fractionation

 RBDPL IV 56 (MT)                                                               230.086             462.024           365.815

 RBDPS (IV 56) (MT)                                                             50.580              101.069             82.174

 RBDPL IV 57 (MT)                                                               66.319               58.203              6.470




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   PT Sawit Sumbermas Sarana Tbk.




                                      Uraian
                                                                                       2024                      2023                     2022
                                    Description

 RBDPS (IV 57) (MT)                                                                   17.080                      15.318                    1.773

 RBDPL IV 58 (MT)                                                                        -                        66.738                   28.702

 RBDPS (IV 58) (MT)                                                                      -                        20.747                    9.162

 Total (MT)                                                                          364.065                    724.099                  494.096



Pada tahun 2024, produksi pabrik fraksinasi menurun sebesar         In 2024, fractionation plant production decreased by 49.72% to
49,72% menjadi 364.065 metrik ton, dibandingkan dengan              364,065 metric ton, compared to 724,099 metric ton in 2023.
724.099 metrik ton pada tahun 2023.


Kernel Crushing                                                     Kernel Crushing
Perseroan mengoperasikan pabrik kernel crushing dengan              The Company operates a kernel crushing plant with a capacity
kapasitas 600 metrik ton kernel per hari atau 192.000 metrik        of 600 metric ton of kernel per day or 192,000 metric ton per
ton per tahun. Selain itu, Perseroan memiliki tank farm untuk       year. In addition, the Company owns tank farm for the storage
penyimpanan bahan baku dan produk hasil pengolahan dari             of raw materials and processed products from the refinery and
pabrik refinery dan fraksinasi.                                     fractionation plants.


Tabel Produksi Kernel Crushing
Kernel Crushing Production Table

                                      Uraian
                                                                                       2024                      2023                     2022
                                    Description

 Kernel Crushing

 CPKO (MT)                                                                             21.099                     24.998                   30.765

 PKE (MT)                                                                              28.086                     34.448                   41.560

 Total (MT)                                                                            49.185                     59.446                  72.325



Pada tahun 2024, produksi pabrik kernel crushing menurun            In 2024, the kernel crushing plan production decreased by
sebesar 17,26% menjadi 49.185 metrik ton, dibandingkan              17.26% to 49,185 metric tons, from 59,446 metric tons in 2023.
dengan 59.446 metrik ton pada tahun 2023.


Profitabilitas Segmen Hilir                                         Downstream Segment Profitability
Segmen hilir, dengan produk yang dihasilkannya, berkontribusi       The downstream segment, through its products, contributed
sebesar 53,97% atau Rp5.678 miliar dari total pendapatan            53.97% or Rp5,678 billion to the Company’s total revenue in
Perseroan tahun 2024. Rincian profitabilitas segmen hilir           2024. Details of the downstream segment profitability are
disajikan dalam tabel berikut.                                      presented in the following table.


                                                                (dalam miliar Rupiah, kecuali dinyatakan lain/ in billion Rupiah, unless otherwise stated)

                                                                                                                           Pertumbuhan
                     Uraian                                                                                                   Growth
                                                   2024               2023                      2022                        2024-2023
                   Description
                                                                                                                      Nominal                  %

 Penjualan / Sales                                 9.766              10.319                    9.619                    (553)               (5,36)

 Beban Pokok Penjualan / Cost of Sales             (8.620)            (9.005)                  (8.128)                   (385)               (4,28)

 Laba Kotor / Gross Profit                         1.147                1.315                   1.491                    (169)               (12,79)

 Margin Laba Kotor (%) / Gross Profit Margin (%)   11,74                12,74                   15,50                   (0,96)               (7,54)




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                                                                                                        Analisis dan Pembahasan Manajemen
                                                                                                         Management Discussion and Analysis




Tinjauan Keuangan
                                                                                                                Financial Review


Standar Penyajian Informasi dan                                         Standards for the Presentation of
Kesesuaian Terhadap SAK                                                 Information and Compliance with
                                                                        the Financial Accounting Standards

Analisis dan pembahasan kinerja keuangan dalam Laporan                  The analysis and discussion of financial performance in
Tahunan 2024 merujuk pada Laporan Keuangan Konsolidasian                the 2024 Annual Report refer to the Company’s Consolidated
Perseroan untuk tahun yang berakhir pada 31 Desember 2024               Financial Statements for the years ended December 31, 2024
dan 31 Desember 2023, yang telah diaudit oleh Kantor Akuntan            and December 31, 2023, audited by Public Accounting Firm
Publik Purwantono, Sungkoro & Surja dengan opini wajar dalam            Purwantono, Sungkoro & Surja with a fair opinions in all
semua hal yang material sesuai dengan Standar Akuntansi                 material respects in accordance with Indonesian Financial
Keuangan di Indonesia.                                                  Accounting Standards.


Penyajian dan pengungkapan Laporan Keuangan Konsolidasian               The presentation and disclosure of the Company’s Consolidated
Perseroan disusun berdasarkan Standar Akuntansi Keuangan                Financial Statements are prepared based on the Financial
(SAK) yang berlaku di Indonesia, yang mencakup Pernyataan               Accounting Standards (SAK) applicable in Indonesia, consisting
Standar Akuntansi Keuangan (PSAK) dan Interpretasi Standar              of Statements of Financial Accounting Standards (PSAK) and
Akuntansi Keuangan (ISAK) yang diterbitkan oleh Dewan                   Interpretations of Financial Accounting Standards (ISAK) issued
Standar Akuntansi Keuangan Ikatan Akuntan Indonesia. Selain             by the Financial Accounting Standards Board of the Indonesian
itu, laporan ini mengikuti ketentuan dalam Peraturan Badan              Institute of Accountants. In addition, this report follows the
Pengawas Pasar Modal dan Lembaga Keuangan BAPEPAM.                      provisions in the Regulation of the Capital Market and Financial
                                                                        Institutions Supervisory Agency BAPEPAM.


Posisi Keuangan Konsolidasian
Consolidated Financial Position

                                                                    (dalam miliar Rupiah, kecuali dinyatakan lain/ in billion Rupiah, unless otherwise stated)

                                                                                                              Kenaikan (Penurunan)
                                                         2024             2023                                 Increase (Decrease)
                      Uraian                          (Rp-ribu)        (Rp-ribu)
                                                    (Rp-thousand)    (Rp-thousand)                   Selisih (Rp-ribu)
                    Description                                                                                                                 %
                                                                                                Difference (Rp-thousand)

                                                         (1)                  (2)                            (3=1-2)                        (4=3/2)

 Aset / Assets

   Aset Lancar / Current Assets                          5.232                      5.028                        204                              4,06

   Aset Tidak Lancar / Non-Current Assets                6.533                      6.782                      (250)                            (3,68)

 Total Aset / Total Assets                              11.765                   11.810                         (46)                            (0,39)

 Liabilitas / Liabilities

   Liabilitas Jangka Pendek / Current
                                                         4.716                      4.755                        (39)                           (0,82)
   Liabilities

   Liabilitas Jangka Panjang / Non-Current
                                                         4.158                      5.066                      (908)                           (17,93)
   Liabilities

 Total Liabilitas / Total Liabilities                    8.874                      9.820                      (947)                            (9,64)

 Ekuitas / Equity                                        2.891                      1.990                        901                            45,30

 Total Liabilitas dan Ekuitas / Total Liabilities
                                                        11.765                   11.810                         (46)                            (0,39)
 and Equity




2024 Annual Report                                                                                                                                       113
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   PT Sawit Sumbermas Sarana Tbk.




Aset                                                              Assets
Pada tahun 2024, total aset Perseroan tercatat sebesar            In 2024, the Company’s total assets was recorded at
Rp11,77 triliun, menurun 0,39% atau Rp46 miliar dibandingkan      Rp11.77 trillion, a 0.39% drop or Rp46 billion compared to the
tahun sebelumnya yang mencapai Rp11,81 triliun. Kondisi ini       previous year, that reached Rp11.81 trillion. The decline was
dipengaruhi oleh menurunnya aset tidak lancar.                    due to a decrease in non-current assets.


Aset lancar Perseroan meningkat 4,06% atau Rp204 miliar,          The Company’s current assets had 4.06% increase or
dari Rp5,03 triliun pada tahun 2023 menjadi Rp5,23 triliun pada   Rp204 billion, from Rp5.03 trillion in 2023 to Rp5.23 trillion in
tahun 2024. Hal ini terutama disebabkan oleh peningkatan          2024. It was mainly due to the increase in advance payments
saldo uang muka pembelian barang dan jasa dari beberapa           made for purchase of goods and services from several
Entitas Anak.                                                     subsidiaries.


Di sisi lain, aset tidak lancar mengalami penurunan sebesar       Meanwhile, non-current assets had 3.68% decline or
3,68% atau Rp250 miliar, dari Rp6,78 triliun pada tahun 2023      Rp250 billion, from Rp6.78 trillion in 2023 to Rp6.53 trillion
menjadi Rp6,53 triliun pada tahun 2024. Kondisi ini terutama      in 2024. This was mainly due to the declining balance
disebabkan oleh penurunan saldo piutang plasma sebesar            of plasma receivables of Rp141 billion, as result of the
Rp141 miliar, yang terjadi akibat pembayaran selama 2024,         payment made throughout 2024, refinancing through
refinancing melalui PT Bank Syariah Indonesia Tbk, serta          PT Bank Syariah Indonesia Tbk, as well as write-off of some
penghapusan sebagian saldo piutang. Selain itu, faktor lain       of the receivables. In addition, another contributing factor was
yang turut berkontribusi adalah penurunan investasi pada          the declining investments in associated companies of
perusahaan asosiasi sebesar Rp41 miliar akibat absorpsi           Rp41 billion, with the absorption of losses from SBI throughout
kerugian dari SBI selama tahun berjalan.                          the current year.


Liabilitas                                                        Liabilities
Pada tahun 2024, total liabilitas Perseroan tercatat sebesar      In 2024, the Company’s total liabilities was recorded at
Rp8,87 triliun, menurun 9,64% atau Rp947 miliar dibandingkan      Rp8.87 trillion, a 9.64% drop or Rp947 billion compared to
tahun sebelumnya yang mencapai Rp9,82 triliun. Kondisi ini        previous year, which reached Rp9.82 trillion. This was affected
dipengaruhi oleh penurunan pada liabilitas jangka panjang         by the declining of non-current and current liabilities, of Rp908
dan liabilitas jangka pendek, yang masing-masing menurun          billion and Rp39 billion, respectively.
sebesar Rp908 miliar dan Rp39 miliar.


Liabilitas jangka panjang Perseroan tercatat sebesar              The Company’s non-current liabilities was recorded at
Rp4,16 triliun pada tahun 2024, mengalami penurunan sebesar       Rp4.16 trillion in 2024, decreased by 17.93% or Rp908 billion
17,93% atau Rp908 miliar dibandingkan tahun sebelumnya yang       compared to the previous year, that reached Rp5.07 trillion. The
mencapai Rp5,07 triliun. Penurunan ini terutama disebabkan        decline was mainly due to the repayment of long-term bank
oleh pembayaran utang bank jangka panjang oleh Grup               loans made by the Group throughout 2024, causing the balance
sepanjang tahun 2024, yang mengakibatkan saldo utang bank         of the long-term bank loan dropped by Rp965 billion.
jangka panjang menurun sebesar Rp965 miliar.


Sementara itu, liabilitas jangka pendek juga mengalami            Meanwhile, the current liabilities also experienced a 0.82%
penurunan sebesar 0,82% atau Rp39 miliar, dari Rp4,75 triliun     decline or Rp38.89 billion, from Rp39 trillion in 2023 to
pada tahun 2023 menjadi Rp4,72 triliun pada tahun 2024.           Rp4.72 trillion in 2024. This decline was mainly due to the
Penurunan ini terutama disebabkan oleh berkurangnya utang         reduction in other payables to third parties of Rp309.81 billion,
lain-lain kepada pihak ketiga sebesar Rp309,81 miliar, yang       occurred as a result of the settlement of material and fertilizer
terjadi akibat pelunasan utang material dan pupuk sepanjang       debts made throughout 2024.
tahun 2024.


Ekuitas                                                           Equity
Pada tahun 2024, ekuitas Perseroan mencapai Rp2,89 triliun,       In 2024, the Company’s equity reached Rp2.89 trillion,
meningkat 45,30% atau Rp901 miliar dibandingkan tahun             a 45.30% increase or Rp901 billion compared to Rp1.99 trillion
sebelumnya sebesar Rp1,99 triliun. Kondisi ini terutama           in the previous year. This was mainly due to the increase of
dipengaruhi oleh meningkatnya ekuitas yang dapat diatribusikan    equity attributable to the owners of the parent entity-net.
kepada pemilik Entitas Induk-neto.




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                                                                                                    Analisis dan Pembahasan Manajemen
                                                                                                     Management Discussion and Analysis




Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
Consolidated Profit and Loss and Other Comprehensive Income

                                                                (dalam miliar Rupiah, kecuali dinyatakan lain/ in billion Rupiah, unless otherwise stated)

                                                                                                          Kenaikan (Penurunan)
                                                                                                           Increase (Decrease)
                    Uraian                           2024               2023
                                                                                                        Selisih
                  Description                                                                                                               %
                                                                                                      Difference

                                                      (1)                 (2)                           (3=1-2)                         (4=3/2)

 Pendapatan dari Kontrak dengan Pelanggan /
                                                     10.522                10.703                          (182)                            (1,70)
 Revenue from Contracts with Customers

 Beban Pokok Penjualan / Cost of Goods Sold         (7.242)                (7.904)                         (662)                            (8,38)

 Laba Bruto / Gross Profit                            3.280                  2.799                           481                            17,17

 Beban Penjualan / Selling Expenses                       899                   855                           44                              5,15

 Beban Umum dan Administrasi /
                                                          946                   836                          110                            13,16
 General and Administrative Expenses

 (Kerugian)/Keuntungan atas Nilai Wajar
 Aset Biologis / (Loss)/Profit on Fair Value of           209                    43                          166                           386,05
 Biological Assets

 Pendapat Lain-Lain, Neto /
                                                          127                    45                           82                           182,22
 Other Revenues, Netto

 Laba Usaha / Operating Profit                        1.770                  1.196                           574                            47,99

 Laba Sebelum Beban Pajak Penghasilan /
                                                      1.226                     552                          674                           122,10
 Profit Before Income Tax Expenses

 Laba Tahun Berjalan / Profit for the Year                845                   344                          501                           145,63

 Efek Penyesuaian Proforma /
                                                            -                   174                        (174)                         (100,00)
 Effect of Proforma Adjustment

 Laba Tahun Berjalan setelah Efek
 Penyesuaian Proforma / Profit for the Year               845                   518                          326                            63,13
 after Effect of Proforma Adjustment

 Laba Komprehensif Tahun Berjalan /
                                                          904                   516                          388                            75,19
 Comprehensive Income for the Year

 Efek Penyesuaian Proforma atas Penghasilan
 (rugi) Komprehensif Lain / Effect of Proforma
                                                            -                    11                          (11)                        (100,00)
 Adjustment from Other Comprehensive
 Income (Loss)

 Total Laba Komprehensif Tahun Berjalan
 setelah Penyesuaian Proforma /
                                                          904                   527                          377                            71,54
 Total Comprehensive Income for the Year
 after Proforma Adjustment

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

  Pemilik Entitas Induk /
                                                          820                   512                          307                            60,16
  Owners of the Parent Entity

  Kepentingan Non-Pengendali /
                                                           25                     6                           19                           316,67
  Non-Controlling Interests

 Laba Komprehensif Tahun Berjalan Diatribusikan kepada:
 Comprehensive Income for the Year Attributable to:

  Pemilik Entitas Induk /
                                                          873                   521                          352                            67,56
  Owners of the Parent Entity

  Kepentingan Non-Pengendali /
                                                           31                     6                           25                           416,67
  Non-Controlling Interests

 Laba per Saham (Nilai Penuh) /
                                                      86,04                  53,78                         32,26                            59,99
 Earnings per share (Full Amount)




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   PT Sawit Sumbermas Sarana Tbk.




Pendapatan                                                        Revenue
Pendapatan Perseroan di tahun 2024 tercatat sebesar               The Company’s revenue in 2024 was recorded at Rp10.52 trillion,
Rp10,52 triliun, menurun 1,70% atau Rp182 miliar dibandingkan     a 1.70% decrease or Rp182 billion compared to Rp10.70 trillion
Rp10,70 triliun pada tahun 2023. Kondisi ini disebabkan oleh      in 2023. The decline was due to lower sales volume compared
adanya penurunan kuantitas penjualan dibandingkan dengan          to 2023, from 923,408 metric tons in 2023 to 806,331 metric tons
tahun 2023 sebesar 923,408 metrik ton menjadi 806,331 metrik      in 2024.
ton pada tahun 2024.


Beban Pokok Penjualan                                             Cost of Goods Sold
Beban pokok penjualan Perseroan pada tahun 2024 tercatat          In 2024, the Company’s cost of sales was recorded at
sebesar Rp7,24 triliun, menurun 8,38% atau Rp662 miliar           Rp7.24 trillion, a 8.38% decrease or Rp662 billion compared to
dibandingkan tahun 2023 yang sebesar Rp7,90 triliun.              Rp7.90 trillion in 2023. The decrease was in line with the drop
Penurunan ini sejalan dengan berkurangnya beban pemupukan         in fertilization and maintenance expenses, driven by lower price
dan perawatan, yang disebabkan oleh turunnya harga pupuk          of fertilizer and less maintenance activities due to high rainfall
serta berkurangnya aktivitas pemeliharaan akibat curah hujan      throughout the year.
yang tinggi sepanjang tahun.


Laba                                                              Profit
Pada tahun 2024, laba bruto Perseroan tercatat sebesar            In 2024, the Company’s gross profit was recorded at
Rp3,28 triliun, meningkat 17,17% dibandingkan Rp2,80 triliun      Rp3.28 trillion, a 17.17% increase compared to Rp2.80 trillion
pada tahun 2023. Laba usaha juga tumbuh signifikan sebesar        recorded in 2023. The operating profit also grew significantly by
47,99%, dari Rp1,20 triliun pada tahun 2023 menjadi Rp1,77        47.99%, from Rp1.20 trillion in 2023 to Rp1.77 trillion in 2024.
triliun pada tahun 2024.


Total laba komprehensif tahun berjalan setelah penyesuaian        The total comprehensive profit for the current year, after
proforma mengalami kenaikan sebesar 71,54%, dari                  proforma adjustments, experienced a 71.54% increase, from
Rp527 miliar pada tahun 2023 menjadi Rp904 miliar pada tahun      Rp527 billion in 2023 to Rp904 billion in 2024. This increase
2024. Kenaikan ini turut mendorong peningkatan laba tahun         also drive the increase in the income for the year attributable
berjalan yang diatribusikan kepada pemilik Entitas Induk, yang    to the owners of the parent entity, that grew by 60.16%, from
tumbuh 60,16%, dari Rp512 miliar pada tahun 2023 menjadi          Rp512 billion in 2023 to Rp820 billion in 2024.
Rp820 miliar pada tahun 2024.


Sementara itu, laba yang diatribusikan kepada kepentingan         Also, income attributable to the non-controlling interests had
non-pengendali meningkat signifikan sebesar 316,67%,              a significant increase of 316.67%, from Rp6 billion in 2023 to
dari Rp6 miliar pada tahun 2023 menjadi Rp25 miliar pada          Rp25 billion in 2024.
tahun 2024.


Beban Operasional                                                 Operating Expenses
Pada tahun 2024, beban operasional Perseroan, yang terdiri dari   In 2024, the Company’s operating expenses, consist of
beban penjualan serta beban umum dan administrasi, tercatat       selling expenses and general and administrative expenses,
sebesar Rp1,85 triliun, meningkat 9,09% dibandingkan Rp1,69       was recorded at Rp1.85 trillion, a 9.09% increase compared
triliun pada tahun 2023. Peningkatan ini terutama disebabkan      to Rp1.69 trillion in 2023. The increase was mainly due to
oleh kenaikan biaya perizinan, termasuk pembayaran provisi        the increase of licensing fees, including the payment of forest
sumber daya hutan dan dana reboisasi sebesar Rp146 miliar.        resources provisions and reforestation fund of Rp146 billion.




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Arus Kas Konsolidasian
Consolidated Cash Flows

                                                                  (dalam miliar Rupiah, kecuali dinyatakan lain/ in billion Rupiah, unless otherwise stated)

                                                                                                            Kenaikan (Penurunan)
                                                                                                             Increase (Decrease)
                         Uraian                       2024                2023*
                                                                                                          Selisih
                       Description                                                                                                            %
                                                                                                        Difference
                                                       (1)                  (2)                            (3=1-2)                        (4=3/2)

     Arus Kas Diperoleh dari Aktivitas Operasi /
                                                         607                  624                              (18)                            (2,68)
     Cash Flow from Operating Activities

     Arus Kas Diperoleh/(Digunakan untuk) Aktivitas
     Investasi / Cash Flows Provided by/(Used for)       465              (1.451)                            1.916                            132,03
     Investing Activities

     Arus Kas Diperoleh/(Digunakan untuk) dari
     Aktivitas Pendanaan / Cash Flows Provided by/    (1.238)                 258                          (1.496)                          (580,21)
     (Used for) Financing Activities

     Dampak Neto Perubahan Nilai Tukar atas Kas
     dan Setara Kas / Net Impact due to Changes in       110                 (0,9)                             110                        12.811,11
     Exchange Rates on Cash and Cash Equivalents

     Kas dan Setara Kas Awal Tahun / Cash and
                                                       1.237                1.807                            (570)                            (31,52)
     Cash Equivalents at the Beginning of Year

     Kas dan Setara Kas Akhir Tahun / Cash and
                                                       1.180                1.237                              (57)                            (4,61)
     Cash Equivalents at the End of Year

*)
     Terdapat penyajian kembali / restatement



Kas dan Setara Kas                                                    Cash and Cash Equivalents
Pada tahun 2024, nilai kas dan setara kas Perseroan tercatat          In 2024, the Company's cash and cash equivalents was recorded
sebesar Rp1,18 triliun, menurun 4,61% atau Rp57 miliar                at Rp1.18 trillion, a 4.61% drop or Rp57 billion compared
dibandingkan tahun 2023 yang mencapai Rp1,24 triliun. Kondisi         to Rp1.24 trillion reached in 2023. This was mainly due to
ini terutama disebabkan oleh penurunan kas dari aktivitas             the 960.06% decrease in cash from financing activities.
pendanaan sebesar 960,06%.


Arus Kas dari Aktivitas Operasi                                       Cash Flows from Operating Activities
Kas yang diperoleh Perseroan dari aktivitas operasi di tahun          In 2024, the Company’s cash provided by operating activities
2024 tercatat sebesar Rp0,61 triliun, menurun 2,68 % atau             amounted to Rp0.61 trillion, a 2.68% drop or Rp18 billion
Rp18 miliar dibandingkan tahun 2023 sebesar Rp0,62 triliun.           compared to Rp0.62 trillion recorded in 2023. This condition
Kondisi ini terutama dipengaruhi oleh meningkatnya                    was mainly influenced by increasing cash paid to suppliers and
pembayaran kas kepada pemasok dan menurunnya kas yang                 decreasing cash provided by operating activities.
diperoleh dari aktivitas operasi.


Arus Kas yang Diperoleh dari (Digunakan untuk) Aktivitas              Cash Flows from (Used in) Investing Activities
Investasi
Pada tahun 2024, Perseroan mencatat penerimaan kas                    In 2024, the Company recorded cash receipt from investing
dari aktivitas investasi sebesar Rp465 miliar, meningkat              activities of Rp465 billion, a 132.03% increase or equivalent
132,03% atau setara dengan Rp1,92 triliun. Angka ini                  to Rp1.92 trillion. It is in contrast when compared to 2023,
berbanding terbalik dengan tahun 2023, di mana Perseroan              where the Company used the cash for investing activities of
justru menggunakan kas untuk aktivitas investasi sebesar              Rp1.45 trillion. The increase was mainly due to the increase in
Rp1,45 triliun. Peningkatan ini terutama didorong oleh kenaikan       restricted cash of Rp1.14 trillion.
kas yang dibatasi penggunaannya sebesar Rp1,14 triliun.


Arus Kas Diperoleh dari (Digunakan untuk) Aktivitas Pendanaan         Cash Flows from (Used in) Financing Activities
Pada tahun 2024, Perseroan menggunakan kas untuk aktivitas            In 2024, the Company used cash for financing activities
pendanaan sebesar Rp1,24 triliun. Angka ini berbanding                of Rp1.24 trillion. It is in contrast when compared to 2023,
terbalik dengan tahun 2023, di mana Perseroan memperoleh              where the Company obtained Rp0,26 trillion of cash from
kas dari aktivitas ini sebesar Rp0,26 triliun. Penurunan ini          this activity. This decrease was mainly due to the increase in
terutama disebabkan oleh meningkatnya pembayaran utang                payment of bank debt of Rp1.62 trillion.
bank sebesar Rp1,62 triliun.


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Kemampuan Membayar Utang dan
Tingkat Kolektibilitas Piutang
                                                                            Ability to Pay Debt and
                                                                     Receivables Collectibility Rate


Kemampuan Membayar Utang                                          Debt Payment Ability

Perseroan mengukur kemampuan dalam memenuhi kewajiban             The Company assesses its ability to meet short-term and long-
jangka pendek dan jangka panjang melalui rasio likuiditas dan     term obligations through liquidity ratios and solvency ratios. The
rasio solvabilitas. Rasio likuiditas menunjukkan kemampuan        liquidity ratio reflects the Company’s ability to settle short-term
Perseroan dalam melunasi kewajiban jangka pendek,                 liabilities, while the solvency ratio measures the Company’s
sedangkan rasio solvabilitas mengukur kapasitas Perseroan         capacity to fulfill all existing obligations.
dalam memenuhi seluruh kewajiban yang ada.


Rasio Likuiditas                                                  Liquidity Ratios
Perseroan mengukur kemampuan dalam memenuhi kewajiban             The Company measures its ability to meet short-term
jangka pendek melalui rasio likuiditas, yang terdiri dari:        obligations through liquidity ratios, which consist of:
1. Rasio lancar (current ratio) menunjukkan perbandingan          1. Current ratio, which represents the comparison between
    antara aset lancar dan liabilitas jangka pendek; serta            current assets and short-term liabilities; and
2. Rasio cepat (quick ratio) mencerminkan kekuatan finansial      2. Quick ratio, which reflects the Company’s financial strength
    Perseroan dengan menghitung aset lancar setelah                   by calculating current assets deducting inventories, then
    dikurangi persediaan, kemudian membaginya dengan                  dividing the result by short-term liabilities.
    liabilitas jangka pendek.


Tabel Rasio Likuiditas 2024-2023
Table of Liquidity Ratio 2024-2023

                                                                                                                   Perubahan
                                  Uraian                                 2024                  2023
                                                                                                                    Changes
                                Description                               (%)                   (%)
                                                                                                                      (%)

 Rasio Lancar / Current Ratio                                            110,95                105,75                  4,91

 Rasio Cepat / Quick Ratio                                                94,46                 89,10                  6,02



Hingga 31 Desember 2024, rasio lancar dan rasio cepat Perseroan   As of December 31, 2024, the Company’s current ratio and
tercatat masing-masing sebesar 110,95% dan 94,46%, mengalami      quick ratio was recorded at 110.95% and 94.46% respectively, an
peningkatan dibandingkan tahun 2023 yang mencatat rasio lancar    increased from 2023 that recorded a 105,75% in current ratio and
sebesar 105,75% dan rasio cepat sebesar 89,10%.                   89,10% in quick ratio.


Berdasarkan nilai tersebut, likuiditas Perseroan tetap dalam      Based on these figures, the Company’s liquidity remains
kategori cukup baik, karena rasio lancar masih berada di atas     in a fairly good category, as the current ratio is still above
100%, menunjukkan kemampuan Perseroan dalam memenuhi              100%, indicating the Company’s ability to meet its short-term
kewajiban jangka pendeknya.                                       obligations.


Rasio Solvabilitas                                                Solvency Ratios
Perseroan menggunakan rasio solvabilitas untuk mengukur           The Company uses solvency ratios to measure its ability to
kemampuan dalam memenuhi kewajiban jangka pendek                  meet both short-term and long-term obligations. These ratios
maupun jangka panjang. Rasio ini mencakup:                        include:
1. Rasio utang berbunga terhadap ekuitas, yang menunjukkan        1. Interest-bearing debt to equity ratio, which shows the level
   tingkat ketergantungan terhadap pendanaan berbasis                 of dependence on debt-based financing; and
   utang; serta




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2. Rasio liabilitas terhadap total aset, yang mencerminkan                       2. Liabilities to total assets ratio, which reflects the proportion
   proporsi aset yang didanai oleh liabilitas.                                      of assets financed by liabilities.


Tabel Rasio Solvabilitas 2024-2023
Table of Solvency Ratio 2024-2023

                                                                                                                                  Perubahan
                                      Uraian                                             2024                  2023
                                                                                                                                   Changes
                                    Description                                      (kali / times)        (kali / times)
                                                                                                                                     (%)

 Rasio Total Liabilitas terhadap Ekuitas / Debt to Equity Ratio                            3,07                 4,94                  (37,81)

 Rasio Total Liabilitas terhadap Aset / Debt to Assets Ratio                               0,75                 0,83                   (9,29)

 Rasio Utang Berbunga terhadap Ekuitas / Interest-Bearing Debt to Equity Ratio             2,45                 4,11                  (40,41)

 Rasio Ekuitas terhadap Total Aset / Equity to Assets Ratio                                0,25                 0,17                   45,86




Berdasarkan rasio solvabilitas yang tercantum dalam tabel,                       Based on the solvency ratios presented in the table, the
kemampuan Perseroan dalam memenuhi kewajiban jangka                              Company’s ability to meet long-term obligations remains in a
panjang tetap berada dalam kategori cukup baik, mengingat                        fairly good category, considering that its debt is still covered by
utang masih dapat ditutupi oleh aset yang dimiliki.                              existing assets.



Tingkat Kolektibilitas Piutang                                                   Receivables Collectibility Rate

Kolektibilitas piutang mencerminkan kemampuan Perseroan                          Receivables collectibility reflects the Company’s ability to
dalam menagih piutang secara efektif. Semakin pendek                             effectively collect its receivables. The shorter the collection
periode penagihan, semakin tinggi efisiensi Perseroan dalam                      period, the higher the Company’s efficiency in collecting
mengumpulkan piutang.                                                            receivables.


                                                                                                               Kenaikan (Penurunan)
                     Uraian                               2024                      2023                        Increase (Decrease)
                   Description                         (hari / days)             (hari / days)                Selisih
                                                                                                                                         %
                                                                                                            Difference

 Kolektibilitas Piutang / Receivables Collectability           20                     26                         6                     (21,70)




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   PT Sawit Sumbermas Sarana Tbk.




Struktur Modal dan Kebijakan Manajemen
atas Struktur Modal
                                         Capital Structure and Management Policy on
                                                                   Capital Structure


Struktur Modal                                                   Capital Structure

Perseroan mengelola struktur permodalan untuk memastikan         The Company manages its capital structure to ensure optimal
kelangsungan bisnis yang optimal, mempertahankan                 business continuity, maintain positive performance, and deliver
kinerja positif, serta memberikan imbal hasil maksimal bagi      maximum returns to Shareholders. The Company continuously
Pemegang Saham. Perseroan juga terus menyesuaikan strategi       adjusts its capital strategy in response to changes in economic
permodalan dengan perubahan kondisi ekonomi dan industri.        and industry conditions.


Struktur modal Perseroan didukung oleh kas dan setara kas,       The Company’s capital structure is supported by cash and cash
simpanan dalam bentuk deposito berjangka, utang bank, serta      equivalents, savings in term deposits, bank loans, and equity.
ekuitas. Pada tahun 2024, rasio utang bersih terhadap ekuitas    In 2024, the net debt-to-equity ratio was recorded at 3.07 times,
tercatat sebesar 3,07 kali, dibandingkan dengan 4,94 kali pada   compared to 4.94 times of the previous year. This ratio indicates
tahun sebelumnya. Rasio ini menunjukkan bahwa jumlah utang       the Company’s debt and equity levels remain within safe and
dan ekuitas Perseroan masih berada dalam batas yang aman         controlled limits.
dan terkendali.



Kebijakan Manajemen Struktur Modal                               Management Policy on Capital Structure

Perseroan mengelola struktur permodalan dengan tujuan            The Company manages its capital structure with the primary
utama untuk mempertahankan rasio modal yang sehat,               objective of maintaining a healthy capital ratio, supporting
mendukung pertumbuhan bisnis, serta memaksimalkan                business growth, and maximizing value for Shareholders. In
nilai bagi Pemegang Saham. Selain menjaga kelangsungan           addition to ensuring business continuity, the Company seeks
usaha, Perseroan juga berupaya mengoptimalkan struktur           to optimize its capital structure to minimize capital costs and
permodalan guna meminimalkan biaya permodalan dan                provide sustainable benefits to all stakeholders.
memberikan manfaat yang berkelanjutan bagi seluruh
pemangku kepentingan.



Dasar Pemilihan Kebijakan atas                                   Basis to Determine Policy on Capital
Struktur Modal                                                   Structure

Kebijakan manajemen struktur modal bertujuan untuk               Management policy on capital structure aims to ensure
memastikan kelangsungan usaha serta memaksimalkan                business continuity and maximize Shareholder returns through
keuntungan Pemegang Saham melalui optimalisasi komposisi         the optimization of debt and equity composition. Through this
utang dan ekuitas. Dengan kebijakan ini, Perseroan diharapkan    policy, the Company is expected to provide optimal returns to
dapat memberikan imbal hasil yang optimal bagi Pemegang          Shareholders and benefits to other stakeholders. Furthermore,
Saham serta manfaat bagi pemangku kepentingan lainnya.           this policy is designed to maintain an optimal capital structure
Selain itu, kebijakan ini juga dirancang untuk mempertahankan    to reduce capital costs and enhance the Company’s financial
struktur permodalan yang optimal, sehingga dapat mengurangi      efficiency.
biaya modal dan meningkatkan efisiensi keuangan Perseroan.




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Ikatan yang Material untuk
Investasi Barang Modal
                                                                                    Material Commitment for
                                                                                    Capital Goods Investment


Berdasarkan      Peraturan       Otoritas    Jasa   Keuangan         Based on the Financial Services Authority Regulation
No. 17/POJK.04/2020 tentang Transaksi Material dan Perubahan         No. 17/POJK.04/2020 concerning Material Transactions and
Kegiatan Usaha, Pasal 3 ayat (1) menyatakan bahwa suatu              Changes in Business Activities, Article 3 paragraph (1) states
transaksi dikategorikan sebagai transaksi material apabila           that a transaction is categorized as a material transaction if its
nilainya mencapai 20% atau lebih dari ekuitas Perusahaan             value reaches 20% or more of the equity of a Public Company.
Terbuka. Hingga akhir tahun 2024, Perseroan tidak melakukan          As of the end of 2024, the Company did not conduct any material
transaksi material terkait investasi barang modal.                   transactions related to capital expenditure.




Realisasi Investasi Barang Modal
                                                  Realization of Capital Goods Investment

Perseroan melakukan investasi barang modal untuk                     The Company carries out capital goods investment to support
mendukung kelancaran aktivitas operasional. Rincian realisasi        the smooth operation of its business activities. The details of
investasi barang modal Perseroan disajikan sebagai berikut.          the Company’s realization of capital goods investment are
                                                                     presented as follows.


                                                                (dalam miliar Rupiah, kecuali dinyatakan lain/ in billion Rupiah, unless otherwise stated)

                                                                                                            Kenaikan (Penurunan)
                                                                                                             Increase (Decrease)
                   Uraian                        2024                     2023
                                                                                                          Selisih
                 Description                                                                                                                 %
                                                                                                        Difference

                                                  (1)                      (2)                            (3=1-2)                         (4=3/2)

 Prasarana / Infrastructures                       2                          -                                 2                           100,00

 Tanah / Land                                     12                          -                                12                           100,00

 Bangunan / Buildings                               -                       82                               (82)                          (100,00)

 Kendaraan dan Alat Berat /
                                                   4                        21                               (17)                           (79,27)
 Vehicles and Heavy Equipment

 Total                                            19                       103                               (84)                           (81,79)




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  PT Sawit Sumbermas Sarana Tbk.




Perbandingan antara Target dan Realisasi
                                               Comparison between Target and Realization


Perseroan telah menetapkan target-target kinerja dalam                    The Company has set performance targets in the 2024 Annual
Rencana Kerja dan Anggaran Tahunan (RKAT) 2024. Berikut                   Work Plan and Budget (RKAT). The following is a comparison
adalah perbandingan antara target yang ditetapkan dalam                   between the targets set in the 2024 RKAT and the realization for
RKAT 2024 dengan realisasi tahun buku 2024.                               the 2024 fiscal year.



Keuangan
Finance

                                                             Setelah          Pencapaian Realisasi                        Realisasi
                              Sebelum Konsolidasi           Konsolidasi         terhadap Target                         2024 setelah
                              Before Consolidation            After                                     Proyeksi
                                                                                 2024 (Sebelum                           Konsolidasi
                                                           Consolidation                                  2025
                                                                                  Konsolidasi)                            terhadap
      Uraian                                                                                          (Rp-miliar)
                                          Realisasi 2024   Realisasi 2024          Realization                         Proyeksi 2025
    Description            Target 2024                                                                 Projection
                                           (Rp-miliar)      (Rp-miliar)             to Target                         2024 Realization
                           (Rp-miliar)                                                                    2025
                                               2024             2024              2024 (Before                       after Consolidation
                           2024 Target                                                                (Rp-Billion)
                                           Realization      Realization          Consolidation)                      to 2025 Projection
                           (Rp-billion)                                                (%)                                   (%)
                                           (Rp-billion)     (Rp-billion)
Aset / Assets                 14.325          12.974           11.765                  90,57              12.073             97,45
Liabilitas / Liabilities      10.198           5.876            8.873                  57,62               7.721            114,92
Ekuitas / Equity               4.126           2.097            2.891                  50,82               4.352             66,43
Pendapatan /
                              13.598           6.305           10.522                  46,37              15.623             67,35
Revenues
Beban Pokok
Pendapatan /                   9.256           4.095            7.242                  44,24              10.701             67,68
Cost of Revenues
Laba Bruto /
                               4.343           2.210            3.280                  50,89               4.922             66,64
Gross Profit
Laba Bersih Tahun
Berjalan Sebelum
Efek Penyesuaian
Proforma / Profit              1.456            804               845                  55,22               1.424             59,34
for the Year before
Effect of Proforma
Adjustment
EBITDA                         2.866           1.958            2.118                  68,32               2.741             77,27



Operasional
Operational

                                                             Setelah          Pencapaian Realisasi                        Realisasi
                              Sebelum Konsolidasi           Konsolidasi         terhadap Target                         2024 setelah
                              Before Consolidation            After              2024 (Sebelum          Proyeksi         Konsolidasi
                                                           Consolidation          Konsolidasi)            2025            terhadap
      Uraian
                                                                                   Realization         Projection      Proyeksi 2025
    Description                           Realisasi 2024   Realisasi 2024
                           Target 2024                                              to Target             2025        2024 Realization
                                               2024             2024              2024 (Before            (Rp)       after Consolidation
                           2024 Target
                                           Realization      Realization          Consolidation)                      to 2025 Projection
                              (MT)
                                               (MT)             (MT)                   (%)                                   (%)
Produksi / Production
Total Produksi FFB
dari Perkebunan
Inti / Total FFB             1.841.549       1.562.446        1.562.446                84,84            1.667.865            93,68
Productions from
Nucleus Estate
Total Produksi /
                             2.686.660      1.387.377        1.387.377                 51,64            2.753.866            50,38
Total Production




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                                                          Setelah        Pencapaian Realisasi                      Realisasi
                            Sebelum Konsolidasi          Konsolidasi       terhadap Target                       2024 setelah
                            Before Consolidation           After            2024 (Sebelum        Proyeksi         Konsolidasi
                                                        Consolidation        Konsolidasi)          2025            terhadap
      Uraian
                                                                              Realization       Projection      Proyeksi 2025
    Description                        Realisasi 2024   Realisasi 2024
                         Target 2024                                           to Target           2025        2024 Realization
                                            2024             2024            2024 (Before          (Rp)       after Consolidation
                         2024 Target
                                        Realization      Realization        Consolidation)                    to 2025 Projection
                            (MT)
                                            (MT)             (MT)                 (%)                                 (%)
          Minyak
          Kelapa
          Sawit /           595.581        461.414          461.414              77,47            615.388             74,98
          Crude
          Palm Oil
          Inti Sawit /
 SSMS
          Palm              111.914         89.833           89.833              80,27            121.118             74,17
          Kernel
          Minyak
          Inti Sawit /
                             25.800         20.388           20.388              79,02             25.800             79,02
          Palm
          Kernel Oil
          Minyak
          Inti Sawit /
                             76.500         21.099           21.099              27,58             58.480             36,08
          Palm
          Kernel Oil
          RBDPO             900.975        387.833          387.833              43,05            895.850             43,29
          RBDP              677.137        296.405          296.405              43,77            727.430             40,75
          RBDPS             164.429         67.660           67.660              41,15            168.420             40,17
 CBUT
          PFAD               37.124         14.659           14.659              39,49             42.435             34,54
          RBDKPO                  -                -              -                  -             25.650                 -
          PKFAD                   -                -              -                  -              1.215                 -
          PKE                97.200         28.086           28.086              28,90             72.080             38,97
          Botling                 -                -              -                  -             54.000                 -
          Pillow Pack             -          2.778            2.778                  -              7.820             35,52
 Penjualan / Sales
 Total Penjualan /
                          1.796.919      1.286.178          806.331              71,58          1.121.050            71,93
 Total Sales
          TBS                     -         54.939           54.939                  -                  -                 -
          Minyak
          Kelapa
          Sawit /           595.581        457.551           15.798              76,82                  -                 -
          Crude
          Palm Oil
 SSMS     Inti Sawit /
          Palm               51.914         39.094            1.000              75,30             14.190              7,05
          Kernel
          Minyak
          Inti Sawit /
                             25.800         20.700           20.700              80,23             64.350             32,17
          Palm
          Kernel Oil
          Minyak
          Kelapa
          Sawit /                 -        258.100          258.100                  -                  -                 -
          Crude
          Palm Oil
          Minyak
          Inti Sawit /
                             57.417         22.046           22.046              38,40                  -                 -
          Palm
          Kernel Oil
 CBUT
          RBDPO                   -         23.844           23.844                  -                  -                 -
          RBDP              714.086        298.732          298.372              41,78            678.100             44,00
          RBDPS             221.997         64.351           64.351              28,99            172.000             37,41
          PFAD               32.923         16.060           16.060              48,78             45.500             35,30
          PKE                97.200         28.343           28.343              29,16             75.000             37,79
          Pillow Pack             -          2.778            2.778                  -              7.820             35,52




2024 Annual Report                                                                                                              123
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   PT Sawit Sumbermas Sarana Tbk.




Informasi dan Fakta Material yang Terjadi
setelah Tanggal Laporan Akuntan
                               Material Information and Facts that Occurred after
                                              the Date of the Accountant’s Report


Pada awal tahun 2025, beberapa Entitas Anak Perseroan             In early 2025, some of the Company's Subsidiaries provided
memberikan penjaminan atas fasilitas dari perbankan yang          guarantees for banking facilities received by several farmer
diperoleh beberapa kelompok tani (koperasi/plasma) dengan         groups (cooperatives/plasma) with a total amount of
jumlah keseluruhan sebesar Rp221,01 miliar. Selain jaminan        Rp221.01 billion. Other than the guarantees from some
dari beberapa entitas anak, fasilitas tersebut juga dijamin       subsidiaries, the facilities are also guaranteed by the palm oil
dengan kebun kelapa sawit milik masing-masing koperasi.           plantations owned by the respective cooperative.




Tinjauan Keuangan Lainnya
                                                                                  Other Financial Reviews


Kebijakan Dividen dan Pembagiannya                                Dividend Policy and Distribution

Perseroan memiliki kebijakan untuk membagikan dividen tunai       The Company has a policy to distribute cash dividends amounting
sebesar 30% dari laba tahun berjalan konsolidasian, setelah       to 30% of the consolidated profit for the year, after deducting
dikurangi porsi laba yang diatribusikan kepada kepentingan        the portion of profit attributable to non-controlling interests.
non-pengendali. Kebijakan ini mencerminkan komitmen               This policy reflects the Company’s commitment to providing
Perseroan dalam memberikan manfaat bagi pemegang saham            benefits to shareholders for their investment. Through dividend
atas investasi yang telah diberikan. Melalui pembagian dividen,   distribution, the Company demonstrates its ability to manage
Perseroan menunjukkan kemampuannya dalam mengelola                the business sustainably, maintain profitability, and deliver
bisnis secara berkelanjutan, mempertahankan profitabilitas,       optimal returns to Shareholders.
dan memberikan imbalan yang optimal bagi Pemegang Saham.


Pembagian dividen memerlukan persetujuan RUPS. Setelah            Dividend distribution requires approval from the General
memperoleh persetujuan, Perseroan akan melaksanakan               Meeting of Shareholders (GMS). Upon receiving approval,
pembagian dividen sesuai dengan ketentuan yang berlaku.           the Company will proceed with the dividend distribution in
                                                                  accordance with the applicable regulations.


Pembagian Dividen dalam 2 Tahun Terakhir                          Dividend Distribution in the Last 2 Years
Berdasarkan Akta Notaris Aulia Taufani, SH, No. 61 tanggal        Based on Notarial Deed of Aulia Taufani, SH, No. 61 dated
25 April 2024, mengenai Berita Acara RUPS Tahunan untuk           April 25, 2024, regarding the Minutes of the Annual GMS for the
tahun buku 2023 yang dilaksanakan pada 25 April 2024,             2023 fiscal year held on April 25, 2024, the Shareholders approved
para Pemegang Saham menyetujui penggunaan laba bersih             the use of the Company’s net profit of Rp518,314,064,000
Perseroan sebesar Rp518.314.064.000,- yang diperoleh dari         obtained from the fiscal year ending December 31, 2023, not
tahun buku yang berakhir pada 31 Desember 2023, tidak             to be distributed as cash dividends. Instead, the profit was




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                                                                                                             Management Discussion and Analysis




dibagikan dalam bentuk dividen tunai. Sebagai gantinya, laba                  allocated as other reserves to increase retained earnings.
tersebut dialokasikan sebagai cadangan lainnya yang akan                      This policy was adopted to strengthen the capital structure and
menambah saldo laba ditahan. Kebijakan ini diambil untuk                      support the Company’s financial strategy and future business
memperkuat struktur permodalan serta mendukung strategi                       development.
keuangan dan pengembangan usaha Perseroan ke depan.


Tabel Pembagian Dividen 2023-2024
Table of Dividend Distribution 2023-2024
                         Uraian
                                                                                2024                                           2023
                       Description

 Dividen Kas yang Dibagikan / Cash Dividend Distributed                                                                 1.421.971.112.800
                                                              Tidak dibagikan dalam bentuk dividen
 Dividen per Lembar Saham / Dividend per Share                tunai karena dialokasikan sebagai                               149,28
                                                              cadangan lainnya yang akan menambah
 Rasio Pembagian Dividen / Dividend Distribution Ratio                                                                          77%
                                                              saldo laba ditahan.
 Tanggal Pengumuman / Announcement Date                       Not distributed as cash dividends as it was                   8 Mei 2023
                                                              allocated as other reserves to increase
                                                                                                                 28 Oktober 2022 dan 8 Juni 2023
 Tanggal Pembayaran / Payment Date                            retained earnings.
                                                                                                                 28 October 2022 and 8 June 2023



Realisasi Penggunaan Dana Hasil                                               Realization of Use of Proceeds from
Penawaran Umum                                                                Public Offering

Perseroan telah melaksanakan penawaran umum perdana                           The Company conducted its initial public offering in 2013 and
saham pada tahun 2013 dan memperoleh dana bersih sebesar                      obtained net proceeds of Rp982.2 billion. All proceeds from
Rp982,2 miliar. Seluruh dana hasil penawaran umum tersebut                    the public offering have been fully utilized with the following
telah digunakan sepenuhnya dengan rincian sebagai berikut.                    details.


                                                                                                                       (dalam miliar rupiah/in billion rupiah)

                                                            Uraian
                                                                                                                                            Total
                                                          Description

 Pelunasan Utang Entitas Anak / Paying Off Subsidiary Debt                                                                                   245,6

 Pembiayaan Modal Kerja dan Setoran Modal di Entitas Anak / Financing Working Capital and Capital Injection in Subsidiaries                  142,4

 Pendanaan Kegiatan Pengembangan Usaha / Financing Business Development Activities                                                           594,3


Pada awal tahun 2018, Perseroan, melalui Entitas Anak                         At the beginning of 2018, the Company, through its Subsidiary
SSMS Plantation Holding Pte Ltd, menerbitkan obligasi global                  SSMS Plantation Holding Pte Ltd, issued global bonds
senilai USD300 juta dengan bunga 7,75% dan tenor 5 tahun.                     amounting to USD300 million with an interest rate of 7.75%
Pada tahun 2023, obligasi tersebut telah sepenuhnya dilunasi                  and a five-year tenor. In 2023, the bonds were fully repaid by
oleh Perseroan. Seluruh dana yang diperoleh dari penawaran                    the Company. All proceeds from the global bond issuance have
obligasi global ini telah digunakan dengan rincian sebagai                    been fully utilized with the following details.
berikut.


                                                       Uraian
                                                                                                                                         Total
                                                     Description

 Membayar Utang Bank / Paying Off Bank Debt                                                                                   Rp2.925,7 miliar / billion

 Membiayai Program-Program Keberlanjutan / Financing Sustainability Programs                                                       US$10.000.000




2024 Annual Report                                                                                                                                      125
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   PT Sawit Sumbermas Sarana Tbk.




Informasi Material Mengenai Investasi, Ekspansi,
Divestasi, Penggabungan Usaha, Akuisisi,
dan/atau Restrukturisasi Utang/Modal
                                          Material Information Regarding Investment,
                                          Expansion, Divestment, Merger, Acquisition,
                                                    and/or Debt/Capital Restructuring


Perseroan tidak melakukan investasi, ekspansi, divestasi,      The Company did not conduct any investment, expansion,
akuisisi, dan restrukturisasi utang/modal selama tahun 2024.   divestment, acquisition, or debt/capital restructuring during
                                                               2024.




Informasi Transaksi Material yang Mengandung
Benturan Kepentingan dan/atau Transaksi
dengan Pihak Afiliasi/Pihak Berelasi
                                    Information On Material Transactions Containing
                                        Conflicts of Interest and/or Transactions With
                                                       Affiliated Parties/Related Parties


Informasi Transaksi Material yang                              Information on Material Transactions
Mengandung Benturan Kepentingan                                Containing Conflict of Interest

Sepanjang tahun 2024, Perseroan tidak melakukan transaksi      Throughout 2024, the Company did not carry out any transactions
yang berpotensi menimbulkan benturan kepentingan sesuai        that could potentially result in conflicts of interest in accordance
dengan ketentuan yang berlaku.                                 with applicable regulations.



Informasi dengan Pihak Afiliasi                                Information on Transactions with
                                                               Affiliated Parties

Sepanjang tahun 2024, Perseroan tidak melakukan transaksi      Throughout 2024, the Company did not carry out any transactions
dengan pihak afiliasi yang terkait dengan kegiatan bisnis.     with affiliated parties related to business activities.



Informasi Transaksi dengan Pihak                               Information on Transaction with Related
Berelasi                                                       Parties

Pada tahun 2024, Perseroan melakukan transaksi dengan pihak    In 2024, the Company conducted transactions with related
berelasi dengan rincian sebagai berikut.                       parties, with details as follows:




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                                                                                                    Management Discussion and Analysis




Kebijakan tentang Pihak Berelasi                                        Policy on Related Parties
Perseroan mendefinisikan pihak berelasi sebagai berikut.                The Company defines related parties as follows:
1. Orang atau anggota keluarga terdekat mempunyai relasi                1. Individual or immediate family member is considered
   dengan Kelompok Usaha jika orang tersebut:                               related to the Business Group if that person:
   a. Memiliki pengendalian atau pengendalian bersama                       a. Have control or joint control over the Company;
       Perseroan;
   b. Memiliki pengaruh signifikan atas Perseroan; atau                    b. Have significant influence over the Company; or
   c. Personil manajemen kunci Perseroan atau Entitas                      c. Are key management personnel of the Company or its
       Induk Perseroan.                                                        Parent Entity.
2. Suatu entitas berelasi dengan Perseroan jika memenuhi                2. An entity is considered related to the Company if it meets
   salah satu hal berikut.                                                 any of the following criteria:
   a. Entitas dan Perseroan adalah anggota dari Kelompok                   a. The entity and the Company are members of the same
       Usaha yang sama (artinya Entitas Induk, Entitas Anak,                   Business Group (i.e., Parent Entity, Subsidiaries, and
       dan Entitas Anak berikutnya terkait dengan entitas                      subsequent Subsidiaries are related to other entities).
       lain).
   b. Satu entitas adalah Entitas Asosiasi atau Ventura                     b. One entity is an Associate or Joint Venture of the other
       Bersama dari entitas lain (atau Entitas Asosiasi atau                   entity (or an Associate or Joint Venture that is part of
       Ventura Bersama yang merupakan anggota suatu                            the same Business Group as the other entity).
       Kelompok Usaha, yang mana entitas lain tersebut                      c. Both entities are Joint Ventures of the same third party.
       adalah anggotanya).
   c. Kedua entitas tersebut adalah Ventura Bersama dari                    d. One entity is a Joint Venture of a third entity, and the
       pihak ketiga yang sama.                                                 other is an Associate of the third entity.
   d. Satu entitas adalah Ventura Bersama dari entitas                      e. The entity is a post-employment benefit program for
       ketiga dan entitas yang lain adalah Entitas Asosiasi dari               the employee benefits of either the reporting entity or
       entitas ketiga.                                                         an entity related to the reporting entity. If the reporting
   e. Entitas tersebut adalah suatu program imbalan pasca                      entity is the entity that administers the program,
       kerja untuk imbalan kerja dari salah satu entitas pelapor               the sponsor entity is also considered related to the
       atau entitas yang terkait dengan entitas pelapor. Jika                  reporting entity. If the reporting entity is the organizer of
       entitas pelapor adalah entitas yang menyelenggarakan                    the program, then the sponsor entity is also considered
       program tersebut, maka entitas sponsor juga berelasi                    related to the reporting entity.
       dengan entitas pelapor.
   f. Entitas yang dikendalikan atau dikendalikan bersama                   f. The entity is controlled or jointly controlled by an
       oleh orang yang diidentifikasikan pada nomor (1).                       individual identified in (1).
   g. Orang yang diidentifikasi pada nomor (1) (a) memiliki                 g. An individual identified in (1)(a) has significant influence
       pengaruh signifikan atas entitas atau personil                          over the entity or is a key management personnel of
       manajemen kunci entitas (atau Entitas Induk dari                        the entity (or its Parent Entity).
       entitas).


Transaksi tersebut dilakukan berdasarkan persyaratan yang               These transactions were carried out under terms agreed upon
disetujui oleh kedua belah pihak.                                       by both parties.


Nama Pihak Bertransaksi dan Sifat Hubungan Afiliasi                     Name of Transaction Party and Nature of Affiliation
Berikut tabel yang menyajikan pihak-pihak berelasi, beserta             The following table presents the related parties, along with
sifat hubungan dan jenis transaksi yang terjadi selama periode          the nature of the relationship and the types of transactions
tahun buku 2024.                                                        conducted during the 2024 fiscal year.


Pengungkapan Pihak Berelasi
Disclosure of Related Parties

                Pihak yang Berelasi                          Sifat Hubungan                                  Sifat Transaksi
                   Related Party                          Nature of Relationship                          Nature of Transaction

                                                                                               Dana talangan, penjualan komoditas, pinjaman,
                                                   Entitas yang memiliki pengaruh signifikan
                                                                                               jasa research, dan pendapatan keuangan
                                                   terhadap kelompok usaha (Pengendali)
 PT Citra Borneo Indah (CBI)                                                                   Payments on behalf of the related party,
                                                   Entity which has significant influence to
                                                                                               sales of commodity, loan, research services, and
                                                   the Group (Controlling)
                                                                                               finance income




2024 Annual Report                                                                                                                         127
Page 130
   PT Sawit Sumbermas Sarana Tbk.




                Pihak yang Berelasi                              Sifat Hubungan                                     Sifat Transaksi
                   Related Party                              Nature of Relationship                             Nature of Transaction

                                                       Entitas yang memiliki pengaruh signifikan
                                                       terhadap kelompok usaha                     Sewa tanah
 Bapak Abdul Rasyid AS
                                                       Entity which has significant influence to   Land rental
                                                       the Group

                                                                                                   Kas dan setara kas, deposito berjangka, dan
                                                       Pihak Berelasi Lainnya                      sewa
 PT Bank Perkreditan Rakyat Lingga Sejahtera (BPRLS)
                                                       Other related parties                       Cash and cash equivalents, time deposits, and
                                                                                                   rent

                                                       Pihak Berelasi Lainnya                      Penjualan komoditas
 Borneo Agri Resources Industries Pte Ltd (BARI)
                                                       Other related parties                       Sales of commodity

                                                                                                   Penjualan TBS dan dana talangan
                                                       Pihak Berelasi Lainnya
 PT Borneo Sawit Gemilang (BSG)                                                                    Sales of FFB and payment on behalf of the
                                                       Other related parties
                                                                                                   related party

                                                                                                   Dana talangan dan penjamin
                                                       Pihak Berelasi Lainnya
 PT Mandiri Indah Lestari (MIL)                                                                    Payments on behalf of the related party and
                                                       Other related parties
                                                                                                   corporate guarantor

                                                                                                   Dana talangan dan penjualan bibit
                                                       Pihak Berelasi Lainnya
 PT Natai Sawit Perkasa (NSP)                                                                      Payments on behalf of the related party and
                                                       Other related parties
                                                                                                   nursery sales

                                                                                                   Dana talangan dan pengangkutan
                                                       Pihak Berelasi Lainnya
 PT Pelayaran Lingga Marintama (LM)                                                                Payments on behalf of the related party and
                                                       Other related parties
                                                                                                   freight

                                                                                                   Dana talangan dan pengangkutan
                                                       Pihak Berelasi Lainnya
 PT Pelayaran Senggora (PS)                                                                        Payments on behalf of the related party and
                                                       Other related parties
                                                                                                   freight

                                                                                                   Pekerjaan konstruksi, uang jaminan, dan uang
                                                       Pihak Berelasi Lainnya                      muka sewa kantor
 PT Pesona Citra Propertindo (PCP)
                                                       Other related parties                       Construction work, security deposit, and office
                                                                                                   lease advance

                                                       Pihak Berelasi Lainnya                      Jaminan
 PT Prima Sawit Borneo (PSB)
                                                       Other related parties                       Corporate guarantor

                                                                                                   Dana talangan dan pembelian TBS
                                                       Pihak Berelasi Lainnya
 PT Sepalar Yasa Kartika (SYK)                                                                     Payments on behalf of the related party and
                                                       Other related parties
                                                                                                   purchase of FFB

                                                                                                   Dana talangan dan jasa lain-lain
                                                       Pihak Berelasi Lainnya
 PT Sulung Ranch (SR)                                                                              Payments on behalf of the related party and other
                                                       Other related parties
                                                                                                   service



Dalam kegiatan operasionalnya, Kelompok Usaha Perseroan                     In its operational activities, the Company Group engages in
melakukan transaksi penjualan, pembelian, dan transaksi                     sales, purchases, and other financial transactions with related
keuangan lainnya dengan pihak berelasi, yang dilaksanakan                   parties, carried out based on mutually agreed terms and
berdasarkan syarat dan ketentuan yang disepakati bersama.                   conditions. Details of significant balances and transactions with
Rincian saldo dan transaksi signifikan dengan pihak berelasi                related parties recorded in the SSMS report can be found in
yang tercatat dalam laporan SSMS dapat dilihat pada Laporan                 the Consolidated Financial Statements as of December 31, 2024,
Keuangan Konsolidasian per 31 Desember 2024, pada Catatan                   on Note No. 33 Related Parties Balances and Transactions.
No. 33 Saldo dan Transaksi dengan Pihak Berelasi.


Penjelasan Mengenai Kewajaran Transaksi                                     Explanation Regarding the Fairness of Transactions
Seluruh transaksi yang dilakukan Perseroan dengan pihak                     All transactions conducted by the Company with related or
berelasi atau berafiliasi telah diungkapkan dalam Laporan                   affiliated parties have been disclosed in the Consolidated
Keuangan Konsolidasian dan sesuai dengan Pernyataan                         Financial Statements in accordance with Statement of
Standar Akuntansi Keuangan (PSAK) 7 (Revisi 2014) tentang                   Financial Accounting Standards (PSAK) No. 7 (2014 Revision)
Pengungkapan Pihak-pihak Berelasi. Standar ini mengharuskan                 concerning Related Party Disclosures. This standard requires




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                                                                                              Management Discussion and Analysis




pengungkapan mengenai hubungan, transaksi, saldo, serta             the disclosure of relationships, transactions, balances, and
komitmen dengan pihak berelasi dalam laporan keuangan.              commitments with related parties in the financial statements.
Semua transaksi dengan pihak berelasi dilakukan dengan              All related party transactions are carried out under fair terms,
persyaratan, harga, dan kondisi yang wajar, setara dengan           prices, and conditions comparable to those conducted with third
transaksi yang dilakukan dengan pihak ketiga, serta telah           parties and have been transparently disclosed in the Financial
diungkapkan secara transparan dalam Laporan Keuangan.               Statements.


Kebijakan Perusahaan Terkait Mekanisme Peninjauan atas              Company Policy on Transaction Review Mechanism and
Transaksi dan Pemenuhan Peraturan dan Ketentuan Terkait             Compliance with Relevant Regulations
Perseroan menerapkan kebijakan peninjauan transaksi                 The Company implements an affiliate transaction review
afiliasi guna melindungi kepentingan Pemegang Saham dan             policy to safeguard the interests of Shareholders and other
pemangku kepentingan lainnya, sesuai dengan peraturan yang          stakeholders, in accordance with applicable regulations,
berlaku, termasuk PSAK dan Peraturan Otoritas Jasa Keuangan         including PSAK and Financial Services Authority Regulation
No. 42/POJK.04/2020 tentang Transaksi Afiliasi dan Transaksi        No. 42/POJK.04/2020 concerning Affiliated Transactions and
Benturan Kepentingan (POJK 42). Penerapan kebijakan ini             Conflict of Interest Transactions (POJK 42). The implementation
memastikan transparansi dan kewajaran dalam transaksi               of this policy ensures transparency and fairness in transactions
dengan pihak berelasi.                                              with related parties.


Berdasarkan POJK 42, transaksi afiliasi didefinisikan sebagai       Under POJK 42, affiliated transactions are defined as activities
aktivitas atau transaksi yang dilakukan oleh Perusahaan             or transactions carried out by a Public Company with company
Terbuka dengan afiliasi perusahaan, atau dengan afiliasi dari       affiliates, or with affiliates of members of the Board of Directors,
anggota Direksi, anggota Dewan Komisaris, Pemegang Saham            Board of Commissioners, Major Shareholders, or Controlling
Utama, atau Pengendali. Regulasi ini juga mengatur kewajiban        Shareholders. This regulation also governs the procedural
prosedural yang harus dipenuhi oleh Perusahaan Terbuka dalam        obligations that must be fulfilled by Public Companies
melaksanakan transaksi afiliasi, termasuk pengecualian tertentu.    when conducting affiliated transactions, including certain
Transaksi yang bersifat rutin, berulang, dan berkelanjutan, serta   exemptions. Routine, recurring, and ongoing transactions that
berkaitan langsung dengan kegiatan usaha untuk menghasilkan         are directly related to the Company’s business activities for
pendapatan, wajib diungkapkan dalam Laporan Keuangan                revenue generation must be disclosed in the annual Financial
tahunan sesuai ketentuan yang berlaku.                              Statements in accordance with applicable provisions.




Perubahan Peraturan Perundang-Undangan
yang Berpengaruh Signifikan terhadap
Perusahaan
                              Changes to Laws and Regulations with a Significant
                                                      Impact on the Company

Beberapa peraturan yang disahkan pada tahun-tahun                   Several regulations that already passed in the previous year
sebelumnya tetap relevan bagi Perseroan, meskipun tidak             remain relevant to the Company, despite no new regulations
ada regulasi baru yang berdampak signifikan di tahun 2024.          with significant impact in 2024. Therefore, the applicable and
Oleh karena itu, peraturan yang pernah berlaku dan memiliki         relevant regulations remain included in this report. Following
relevansi terhadap operasional Perseroan tetap dicantumkan          are the regulations along with their impacts to the Company.
dalam laporan ini. Berikut adalah peraturan yang dimaksud
beserta dampaknya bagi Perseroan.




2024 Annual Report                                                                                                                 129
Page 132
  PT Sawit Sumbermas Sarana Tbk.




  Perubahan Undang-Undang                                   Ikhtisar Ringkas                                Dampak terhadap Perseroan
 Changes in Laws/Legislations                               Brief Highlights                                  Impact on the Company

Undang-Undang Cipta Kerja (UUCK)       Presiden Republik Indonesia memberlakukan Undang-                Penyesuaian terhadap UUCK.
Job Creation Law (UUCK)                Undang No. 11 Tahun 2020 tentang “Cipta Kerja”. Pada             Adjustments to Job Creation Law (UUCK).
                                       tanggal 2 Februari 2021, peraturan pelaksanaan atas
                                       undang-undang ini telah diterbitkan.
                                       The President of the Republic of Indonesia have enacted
                                       Law No. 11 of 2020 concerning 'Job Creation'. On February
                                       2, 2021, the implementing regulations of the law was issued.

Domestic Market Obligation (DMO) dan   Peraturan    perundangan-undangan      Domestic Market           Perseroan telah memenuhi peraturan
Domestic Price Obligation (DPO)        Obligation (DMO) dan Domestic Price Obligation (DPO) pada        tersebut selama tahun 2022.
Domestic Market Obligation (DMO)       Januari 2022. Peraturan DMO dan DPO diberlakukan oleh            The Company fulfilled these regulations
and Domestic Price Obligation (DPO)    Kementerian Perdagangan (Kemendag) yang bertujuan                throughout 2022.
                                       untuk memenuhi kebutuhan minyak goreng di Indonesia.
                                       DMO CPO pertama yang ditetapkan sebesar 20% untuk pasar
                                       domestik dengan DPO CPO sebesar Rp9.300,-. Hal tersebut
                                       harus dipenuhi Perseroan apabila ingin melakukan ekspor
                                       terhadap produk minyak sawit. Peraturan DMO dan DPO
                                       terus dievaluasi serta disesuaikan dengan keadaan pasar
                                       domestik oleh Kemendag sampai dengan akhir tahun 2022.
                                       The Domestic Market Obligation (DMO) and Domestic Price
                                       Obligation (DPO) regulations in January 2022. The DMO and
                                       DPO regulations were enforced by the Ministry of Trade
                                       (Kemendag), aiming to fulfil cooking oil needs in Indonesia.
                                       Initially, the DMO for CPO was set at 20% for domestic market,
                                       with DPO for CPO set at Rp9,300. Company must meet this
                                       obligation if it wishes to export palm oil products. The DMO
                                       and DPO regulations are continuously evaluated and adjusted
                                       following the domestic market conditions by the Ministry of
                                       Trade until the end of 2022.

Larangan Ekspor Kelapa Sawit           Pada April 2022, pemerintah mengeluarkan larangan ekspor         Tidak ada dampak negatif yang signifikan
Palm Oil Export Ban                    kelapa sawit. Pemerintah resmi melarang ekspor CPO,              terhadap operasional Perseroan atas
                                       olein, palm oil mill effluent (POME), serta refined bleached     kebijakan tersebut.
                                       deodorized palm oil (RBDPO), dan minyak goreng. Larangan         The Company’s operations suffer no
                                       ini diatur dalam Peraturan Menteri Perdagangan No. 22            significant negative impact due to this
                                       Tahun 2022 terkait Larangan Sementara Ekspor CPO dan             policy.
                                       Produk Turunannya. Langkah ini diambil karena kekurangan
                                       pasokan minyak sawit di dalam negeri. Namun, larangan
                                       tersebut telah dicabut pada Mei 2022.
                                       On April 2022, the government issued palm oil export ban.
                                       The government officially prohibited the export of CPO,
                                       olein, palm oil mill effluent (POME), and refined bleached
                                       deodorized palm oil (RBDPO), and cooking oil. This ban was
                                       stipulated under the Minister of Trade Regulation No. 22 of
                                       2022 regarding the Temporary Export Ban of CPO and Its
                                       Derivative Products. This action was taken due to shortage
                                       of palm oil supply in the domestic market. However, the ban
                                       was lifted in May 2022.




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                                                                                                                Analisis dan Pembahasan Manajemen
                                                                                                                 Management Discussion and Analysis




Perubahan Kebijakan Akuntansi dan
Dampaknya terhadap Perusahaan
                                                                     Changes in Accounting Policies and
                                                                         Their Impact on the Company


Berikut adalah kebijakan akuntansi yang telah disahkan oleh Dewan                The following are accounting policies issued by the Indonesian
Standar Akuntansi Keuangan (DSAK) Indonesia, yang dianggap                       Financial Accounting Standards Board (DSAK) that are considered
relevan dengan kondisi Perseroan dan mulai berlaku efektif pada                  relevant to the Company's condition and became effective in
Laporan Keuangan Konsolidasian per 31 Desember 2024.                             the Consolidated Financial Statements as of December 31, 2024.


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

 Amandemen PSAK No. 201: Liabilitas Jangka       Amandemen ini mengklarifikasi bahwa hanya                      Tidak berdampak signifikan terhadap
 Panjang dengan Kovenan.                         kovenan yang harus dipatuhi entitas pada atau                  kebijakan akuntansi Perseroan dan tidak
 Amendment of PSAK No. 201: Non-current          sebelum tanggal pelaporan yang akan memengaruhi                memiliki dampak material pada jumlah yang
 Liabilities with Covenants.                     klasifikasi liabilitas sebagai jangka pendek atau              dilaporkan untuk tahun keuangan saat ini
                                                 jangka panjang serta pengungkapannya.                          atau sebelumnya.
                                                 This amendment clarify only covenants that must be             Has no significant impact on the Company’s
                                                 adhered by the entity on or prior to the reporting date        accounting policies and has no material
                                                 that will affect the classification of liabilities as either   impact on the amount reported for the
                                                 current or non-current, as well as their disclosure.           current or prior financial years.

 Amandemen PSAK No. 116: Liabilitas Sewa         Amandemen ini mengatur pengukuran selanjutnya
 dalam Jual Beli dan Sewa-balik.                 atas transaksi jual dan sewa-balik.
 Amendment of PSAK No. 116: Lease Liability in   This amendment regulates the next measurement
 a Sale and Leaseback.                           on transactions of sale and leaseback.

 Amandemen PSAK No. 207 dan PSAK No. 107:        Amandemen ini memperjelas pengungkapan
 Pengaturan Pembiayaan Pemasok.                  terkait pengaturan pembiayaan pemasok.
 Amendment of PSAK No. 207 and PSAK No. 107:     This amendment clarify the disclosure related the
 Supplier Finance Arrangements.                  supplier finance arrangements.




Informasi Kelangsungan Usaha
                                                                                Business Continuity Information


Hingga akhir tahun 2024, Perseroan tidak menemukan faktor                        As of the end of 2024, the Company has not identified any significant
signifikan yang berpotensi memengaruhi kelangsungan usaha.                       factors that could potentially impact its business continuity.
Setiap risiko potensial telah dikelola secara efektif melalui                    All potential risks have been effectively managed through
penerapan kebijakan manajemen risiko yang telah ditetapkan.                      the implementation of established risk management policies.




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  PT Sawit Sumbermas Sarana Tbk.




132                                Laporan Tahunan 2024
Page 135
                             Aspek
                         Pendukung
                        Operasional
                     Operational Support Aspects
                              Perseroan menempatkan SDM sebagai aset utama
                                   dengan strategi pengelolaan yang mencakup
                                     rekrutmen, pelatihan, serta kesejahteraan
                                   karyawan untuk mendukung operasional dan
                                  keberlanjutan usaha. Selain itu, pemanfaatan
                                       teknologi informasi terus diperkuat guna
                                 meningkatkan efisiensi dan keandalan sistem,
                                 termasuk pengelolaan data berbasis cloud dan
                                           pengembangan infrastruktur digital.
                                        The Company regards human resources
                                     as a key asset, implementing management
                                         strategies that encompass recruitment,
                                      training, and employee welfare to support
                                          operations and business sustainability.
                                              In addition, the Company continues
                                             to strengthen the use of information
                                        technology to enhance system efficiency
                                      and reliability, including cloud-based data
                                            management and the development of
                                                             digital infrastructure.




2024 Annual Report                                                              133
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   PT Sawit Sumbermas Sarana Tbk.




Sumber Daya Manusia
                                                                                             Human Resources


Sumber daya manusia (SDM) merupakan aset dan investasi            Human resources (HR) are the main asset and investment
utama yang mendukung operasional dan keberlanjutan usaha          supporting the Company’s operations and business
Perseroan. Dalam industri sawit, SDM memegang peran               sustainability. In the palm oil industry, HR plays a crucial role
penting dalam menjaga produktivitas, kualitas panen, serta        in maintaining productivity, harvest quality, and operational
efisiensi operasional di seluruh lini bisnis. SDM yang terampil   efficiency across all business lines. Skilled and well-trained
dan terlatih dalam praktik keberlanjutan juga berkontribusi       personnel in sustainable practices also contribute to meeting
terhadap pemenuhan standar lingkungan dan sosial, yang            environmental and social standards, which are essential
menjadi elemen kunci dalam menghadapi tuntutan industri           in addressing the demands of the modern palm oil industry.
sawit modern.



Strategi Pengelolaan SDM 2024                                     2024 HR Management Strategy

Perseroan meyakini bahwa pengelolaan SDM yang efektif             The Company believes that effective and strategic
dan terarah merupakan faktor penting dalam mendukung              HR management is a critical factor in ensuring business
kelangsungan bisnis. Oleh karena itu, strategi pengelolaan SDM    continuity. Therefore, the 2024 HR management strategy
pada tahun 2024 difokuskan pada:                                  focuses on:
1. Melakukan proses rekrutmen dan seleksi yang ketat;             1. Implementing a rigorous recruitment and selection process;
2. Menanamkan budaya kerja perusahaan yang mengutamakan           2. Instilling a corporate work culture that prioritizes ethics,
    etika, profesionalisme, dan tanggung jawab;                       professionalism, and responsibility;
3. Mengadakan pelatihan yang berbasis kompetensi dan nilai        3. Conducting competency and integrity based training
    integritas; serta                                                 programs; and
4. Mengintegrasikan budaya kerja yang berbasis pengawasan         4. Integrating a work culture centered on supervision and
    dan perbaikan berkelanjutan.                                      continuous improvement.



Rekrutmen                                                         Recruitment

Kebijakan rekrutmen di Perseroan dilaksanakan berdasarkan         The Company’s recruitment policy is based on the principles
prinsip kesetaraan, keterbukaan, keadilan, kehati-hatian, dan     of equality, transparency, fairness, diligence, and precision.
ketelitian. Kebijakan ini diterapkan melalui berbagai saluran,    This policy is executed through various channels, including
seperti situs resmi Perseroan, iklan, job fair, dan lainnya.      the Company’s official website, advertisements, job fairs, and
Proses rekrutmen dilakukan melalui 2 program utama, yaitu         other platforms. The recruitment process is carried out through
management trainee dan rekrutmen reguler.                         two main programs, namely the management trainee program
                                                                  and regular recruitment.


Program management trainee bertujuan melatih lulusan              The management trainee program is designed to develop fresh
baru (fresh graduate) yang memiliki potensi kepemimpinan          graduates with leadership potential for future managerial
untuk mengisi posisi manajerial di masa depan. Sementara          positions. Meanwhile, the regular recruitment program is
itu, program rekrutmen reguler terbuka bagi kandidat dari         open to candidates from diverse backgrounds and educational
berbagai latar belakang dan jenjang pendidikan, dengan seleksi    levels, with a selection process based on competency and
yang berbasis pada kompetensi serta kebutuhan spesifik            the Company’s specific needs.
perusahaan.


Sepanjang tahun 2024, Perseroan telah merekrut 114 karyawan       Throughout 2024, the Company recruited 114 new employees
baru melalui program reguler, yang terdiri dari 59 pria dan 12    through the regular recruitment program, consisting of 59 male
wanita. Sementara itu, program management trainee belum           and 12 female. Meanwhile, the management trainee program
dilaksanakan dan akan berjalan pada tahun anggaran 2025.          has not yet been implemented and is scheduled to commence
                                                                  in the 2025 fiscal year.




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                                                                                                               Aspek Pendukung Operasional
                                                                                                                 Operational Support Aspects




                         Uraian
                                                                             2024                                         2023
                       Description

 Perekrutan Program Reguler / Regular Recruitment Program

 Total yang Direkrut / Total Recruited                                       114                                              200

 Total Diterima / Total Accepted                                              77                                              168

 Perekrutan Program Management Training / Management Training Recruitment Program

 Total yang Direkrut / Total Recruited                                         -                                              82

 Total yang Aktif / Total Active                                               -                                              82




Profil Sumber Daya Manusia                                                   Human Resources Profile

Pada tahun 2024, Perseroan memiliki total 15.766 karyawan,                   As of 2024, the Company has a total of 15,766 employees, with
dengan 4.134 orang bekerja di PT Sawit Sumbermas Sarana Tbk                  4,134 people working at PT Sawit Sumbermas Sarana Tbk and
dan 11.632 orang di Entitas Anak. Jumlah ini mengalami                       11,632 at its Subsidiaries. This figure represents a 12.62%
penurunan sebesar 12,62% dibandingkan tahun 2023, di mana                    decrease compared to 2023, when the Company recorded a total
tercatat sebanyak 18.044 karyawan. Selain itu, Perseroan juga                of 18,044 employees. Additionally, the Company also employes
mempekerjakan tenaga kerja lain di luar status karyawan tetap.               other workers outside the category of permanent employees.


Informasi terkait komposisi karyawan dalam 3 tahun terakhir                  The following provides an overview of the Company’s workforce
disajikan sebagai berikut.                                                   composition over the past three years.


Komposisi Karyawan Berdasarkan Unit Bisnis
Employee Composition by Business Unit

                                                     2024                                   2023                                    2022
            Unit Bisnis
           Business Unit                 Pria       Wanita                    Pria          Wanita                 Pria         Wanita
                                                                 Total                                 Total                                   Total
                                         Male       Female                    Male          Female                 Male         Female

 Perseroan / The Company                  2.944         1.19      4.134             3.393     1.301     4.694        3.694            1.557     5.251

 Entitas Anak / Subsidiary                8.468        3.164     11.632         10.098        3.252    13.350       11.145            3.800    14.945

 Entitas Asosiasi / Associated Entity           -            -           -              -          -           -          -                -           -

 Total                                   11.412        4.354     15.766         13.491        4.553    18.044       14.839           5.357     20.196




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  PT Sawit Sumbermas Sarana Tbk.




Komposisi Karyawan Berdasarkan Wilayah Kerja
Employee Composition by Operating Area

                                             2024                              2023                          2022
             Lokasi
            Location              Pria      Wanita                 Pria       Wanita              Pria      Wanita
                                                         Total                          Total                           Total
                                  Male      Female                 Male       Female              Male      Female

Pangkalan Bun                       375         98          473       582        127       709       401       108        509

Jakarta                              26         14           40        26         13        39        28        13         41

Pulang Pisau                         75         10           85     2.317        583     2.900     3.076       767       3.843

PKS Regional I & II                  60         11           71       815         85       900       996        88       1.084

Estate Regional I & II           10.876       4.219      15.095     9.751      3.743    13.494    10.338     4.379      14.717

Palangka Raya                           -           2         2           -        2         2         -         2           2

Total                            11.412      4.354       15.766    13.491      4.553    18.044    14.839     5.357      20.196



Komposisi Karyawan Berdasarkan Tingkat Pendidikan
Employee Composition by Education Level

                                             2024                              2023                          2022
      Tingkat Pendidikan
        Education Level          Pria       Wanita                 Pria       Wanita              Pria      Wanita
                                                         Total                          Total                           Total
                                 Male       Female                 Male       Female              Male      Female

Di Bawah SMA/Sederajat /
Under Senior High School /         6.775      3.042        9.817     6.743      2.604     9.347     9.129     3.584      12.713
Equivalent

SMA/Sederajat / Senior High
                                   3.835        873        4.708     5.833      1.541     7.374     4.940     1.456       6.396
School / Equivalent

D1, 2, 3 / Diploma                   147         96         243       166         98       264       144        75         219

S1 / Bachelor Degree                 626        335         961       719        298      1.017      596       234         830

S2/S3 / Master/Doctorate Degre        29             8        37       30         12        42        29            9       38

Total                             11.412      4.354       15.766    13.491      4.553   18.044    14.838      5.358     20.196



Komposisi Karyawan Berdasarkan Rentang Usia
Employee Composition by Age Range

                                             2024                              2023                          2022
          Rentang Usia
           Age Range             Pria       Wanita                 Pria       Wanita              Pria      Wanita
                                                         Total                          Total                           Total
                                 Male       Female                 Male       Female              Male      Female

> 50 tahun / years old             479         139         618       753        219       972      1.067      378        1.445

41-50 tahun / years old           2.271      1.017        3.288     2.894      1.191     4.085     3.047     1.399       4.446

31-40 tahun / years old           3.621      1.512        5.133     4.371      1.543     5.914     4.652     1.764       6.416

<30 tahun / years old             5.041      1.686        6.727     5.473      1.600     7.073     6.073     1.816       7.889

Total                            11,412      4.354       15.766    13.491      4.553    18.044    14.839     5.357      20.196




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                                                                                                                    Aspek Pendukung Operasional
                                                                                                                      Operational Support Aspects




Total Level Karyawan yang Dimiliki oleh Pria dan Wanita Berdasarkan Rentang Usia Tahun 2024
Total Employee Levels Held by Male and Female by Age Range in 2024

                                                                       Level Jabatan
                                                                       Position Level

   Rentang Usia                                                                                                                       Total Karyawan
                          Entry-Level                     Mid-Level                     Senior-Level          Executive-Level
    Age Range                                                                                                                         Total Employee

                       Pria        Wanita           Pria         Wanita           Pria          Wanita       Pria         Wanita
                       Male        Female           Male         Female           Male          Female       Male         Female


 18-24                  2.409           659          26                 3           -                  -       -              -               3.097


 25-34                  3.844       1.571           326                74           6                  -       -              1               5.822


 35-44                  3,100       1.410           124                23          34              2           3              1               4.697


 45-54                  1.384           580          31                 7          26                  -      10              -               2.038


 >55                          70         22           6                 -           6                  -       7              1                112


 Total                 10.807      4.242            513               107          72              2          20              3              15.766




Komposisi Karyawan Berdasarkan Status
Employee Composition by Status

                                                     2024                                       2023                                2022
              Status
                                         Pria       Wanita                       Pria          Wanita                  Pria        Wanita
                                                                      Total                                Total                                 Total
                                         Male       Female                       Male          Female                  Male        Female


 Pegawai Tetap / Permanent                    783          283         1.066            804        152       956          630         127             757


 PKWTT / Fixed Term                       1.566       3.046            4.612       2.113         3.431      5.544       4.017        4.327        8.344


 Pekerja Bulanan / Full-Time                  316           61          377             604        229       833          693         242             935


 Pekerja Harian / Part-Time               8.747            964         9.711       9.970           741     10.711       9.499         661        10.160


 Total                                   11.412       4.354           15.766     13.491          4.553     18.044      14.839       5.357        20.196




2024 Annual Report                                                                                                                                    137
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   PT Sawit Sumbermas Sarana Tbk.




Komposisi Karyawan Berdasarkan Level Jabatan
Employee Composition by Position Level

                                                   2024                                     2023                                                2022
           Level Jabatan
           Position Level            Pria        Wanita                      Pria          Wanita                               Pria           Wanita
                                                                 Total                                          Total                                         Total
                                     Male        Female                      Male          Female                               Male           Female

 Kepala Divisi / Division Head           20                3          23        19                  3                22                17               4             21

 Kepala Department /
                                         19                1          20        26                  1                27                17               1             18
 Department Head

 Section Head / Section Head                -              -             -          8               1                   9               -               -              -

 Manajer / Manager                       53                1          54        55                  1                56                63               2             65

 Asisten Manajer / Assistant
                                         82              14           96        91                 16              107                 87              18            105
 Manager

 Staff / Staff                          431              93         524        520                117              637                440             102            542

 Non-Staff / Non-Staff               10.807         4.242        15.049      12.772              4.414          17.186          14.215            5.230        19.445

 Total                               11.412         4.354        15.766      13.491              4.553          18.044          14.839            5.357        20.196




Distribusi Gender di Setiap Level Jabatan Tahun 2024
Gender Distribution at Each Position Level in 2024

                                                                                                               Pria                                   Pria
           Level Jabatan                                Kriteria Level 1                                       Male                                   Male
           Position Level                               Level 1 Criteria
                                                                                                   Total                    %                Total             %

 Entry-Level                        PHL, PHT, Bulanan / PHL, PHT, Full-Time                        10.807                   94,70            4.242            97,43

 Mid-Level                          Asisten, Asmen / Assistant, Assistant Manager                        513                 4,50               107            2.46

 Senior-Level                       Manager, Senior Manager                                               72                 0,63                 2            0,05

 Executive-Level                    General Manager, Vice President                                       20                 0,18                 3            0,07

 Total Karyawan / Total Employee                                                                   11.412               100,00               4.354           100,00

 Grand Total                                                                                                                        15.766



Komposisi Karyawan Berdasarkan Gender
Employee Composition by Gender

                                                          2024                                    2023                                           2022
                 Jenis Kelamin
                    Gender                      Total               %               Total                        %                     Total                  %

 Pria / Male                                    11.412             72,38                13.491                  74,77                  14.839                73,47

 Wanita / Female                                 4.354             27,62                 4.553                  25,23                   5.357                26,53

 Total                                          15.766           100,00                 18.044                 100,00                  20.196               100,00




Pengembangan Kompetensi                                                      Competency Development

Pengembangan kompetensi merupakan bagian penting dari                        Competency development is a key component of the Company’s
strategi Perseroan untuk meningkatkan kapabilitas karyawan                   strategy to enhance employee capabilities and support
dan mendukung pencapaian target bisnis. Karyawan yang                        the achievement of business targets. Skilled and adaptable




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                                                                                                  Aspek Pendukung Operasional
                                                                                                    Operational Support Aspects




terampil dan adaptif menjadi kunci dalam menghadapi                  employees are essential in navigating industry challenges.
tantangan industri. Oleh karena itu, Perseroan menjalankan           Therefore, the Company implements continuous training and
program pelatihan dan pengembangan secara berkelanjutan              development programs to ensure that every employee has the
untuk memastikan setiap karyawan memiliki kesempatan                 opportunity to enhance their skills.
meningkatkan keterampilan mereka.


Program ini mencakup pelatihan teknis (hard skill) untuk             These programs include technical training (hard skills) to
mendukung keterampilan kerja dan pengembangan non-teknis             strengthen job-related expertise and non-technical development
(soft skill) yang fokus pada kepemimpinan dan komunikasi.            (soft skills) focusing on leadership and communication.
Dengan pendekatan ini, Perseroan berupaya membentuk tim              Through this approach, the Company aims to build an innovative
yang inovatif dan siap berkontribusi terhadap pertumbuhan            team that contributes to its growth. The Company is committed
perusahaan. Perseroan berkomitmen untuk memberikan                   to providing equal opportunities for all employees to develop
kesempatan yang sama kepada seluruh karyawan untuk                   their potential, enabling them to compete on a globally
pengembangan diri yang potensial, agar mampu bersaing                competitive scale.
secara kompetitif yang berskala global.


Sepanjang tahun 2024, Perseroan telah mengikutsertakan               Throughout 2024, the Company has engaged 4,218 employees in
4.218 karyawan dalam berbagai program pelatihan, baik                various training programs, both internal and external, covering
internal maupun eksternal, yang melibatkan semua tingkatan           all employee levels from non-staff to executive managers.
karyawan, dari non-staf hingga manajer eksekutif. Rincian jenis      The breakdown of training programs conducted is detailed as
pelatihan yang telah dilaksanakan diuraikan sebagai berikut.         follows.


Pelatihan Berdasarkan Jenis Pelatihan
Training by Type of Training

                  Program Pelatihan                           Total Peserta
                                                                                                            Batch
                  Training Program                           Total Participant

 Management Training                                                  -                                           -

 Cadet Staff                                                          -                                           -

 Mandor Mandiri / Independent Supervisor                             40                                           2

 Basic Mechanic                                                      59                                           2

 Program Training Soft Skill                                        625                                          12

 Program Refresh Training                                         3.227                                         191

 Sertifikasi Profesi / Professional Certification                   267                                          31

 Total                                                            4.218                                         238



Pelatihan Berdasarkan Level Jabatan
Training by Position Level

                                    Jabatan                                                  Total Peserta
                                    Position                                                Total Participant

 Division Head                                                                                        1

 Department Head                                                                                     12

 Manager                                                                                            140

 Assistant Manager                                                                                  177

 Staff                                                                                              954

 Non-Staff                                                                                         2.934

 Total                                                                                            4.218




2024 Annual Report                                                                                                                139
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   PT Sawit Sumbermas Sarana Tbk.




Investasi Pengembangan Kompetensi                                   Investment in Competency Development
Pada tahun 2024, total investasi Perseroan untuk program            In 2024, the Company’s total investment in competency
pengembangan kompetensi tercatat sebesar Rp2.883.496.786,-,         development programs amounted to Rp2,883,496,786,
menurun     dari   tahun     sebelumnya    yang    mencapai         a decrease from the previous year’s total of Rp6,451,148,418.
Rp6.451.148.418. Angka ini telah menyerap 36,32% dari alokasi       This figure represents 36.32% of the initial annual budget
anggaran awal tahun sebesar Rp7.938.819.604,-.                      allocation of Rp7,938,819,604.


                                                         Batch                                        Biaya / Cost
          Program Pelatihan
          Training Program                 Rencana     Realisasi          Var          Rencana         Realisasi          Var
                                             Plan     Realization         (%)            Plan         Realization         (%)

 Program Reguler / Regular Program

 Refresh Training Staff                       38            45           118,42          51.469.000      29.635.483       57,58

 Refresh Training Non-Staff                   44           145           329,55         107.075.000      49.584.709       46,31

 Program Penjenjangan / Career Progression Program

 Program Kepemimpinan Perkebunan
 Pratama (PKPP) / Primary Plantation           2             -                  -     4.670.964.331     740.943.155       15,86
 Leadership Program (PKPP)

 Program Cadet Staff /
                                               1             -                  -        41.080.400                 -           -
 Cadet Staff Program

 Program Mandor Mandiri (PMM) /
                                               2             2           100,00       1.857.210.906     714.215.381       38,46
 Independent Supervisor Program (PMM)

 Program Basic Mechanic /
                                               1             2           100,00         470.841.567   1.033.918.746      219,59
 Basic Mechanic Program

 Program Sertifikasi Profesi /
                                               8            12           200,00        226.501.400       58.031.882       26,62
 Professional Certification Program

 Program Soft-Skill / Soft-Skill Program      40            31           150,00        513.677.000     257.167.430        50,06

 Total                                       136           237           174.26       7,938,819,604   2,883,496,786       36.32




Rencana Pengembangan Kompetensi di Tahun 2025                       Competency Development Plan for 2025
Perseroan akan terus berupaya meningkatkan pengembangan             The Company will continue to enhance competency development
kompetensi di tahun 2025 melalui strategi berikut.                  in 2025 through the following strategies:
1. Strategi umum:                                                   1. General strategy:
   a. Pelatihan teknis dan soft skill; serta                            a. Technical and soft skills training; and
   b. Sertifikasi.                                                      b. Certification.
2. Strategi spesifik:                                               2. Specific strategy:
   a. Pengembangan kompetensi teknis; serta                             a. Technical competency development; and
   b. Pengembangan kompetensi manajerial.                               b. Managerial competency development.
3. Strategi organisasional:                                         3. Organizational strategy:
   Pengembangan sistem evaluasi pelatihan.                              Development of a training evaluation system.



Penilaian Kinerja Karyawan                                          Employee Performance Assessment

Perseroan mendorong pengembangan karier karyawan melalui            The Company is committed to fostering employee career
proses evaluasi dan penilaian kinerja yang terstruktur. Setiap      development through a structured evaluation and performance
karyawan dinilai berdasarkan pencapaian key performance             assessment process. Each employee is assessed based on the
indicator (KPI) yang ditetapkan di awal tahun, sehingga             achievement of Key Performance Indicators (KPIs) set at the
produktivitas dan kontribusi individu dapat diukur secara           beginning of the year, ensuring that productivity and individual
objektif.                                                           contributions are measured objectively.




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KPI dan kompetensi karyawan menjadi faktor utama, yang            Employee KPIs and competencies are the key factors forming
menjadi dasar pertimbangan dalam proses penilaian ini             the basis of this assessment process, allowing the Company
memungkinkan Perseroan untuk mengidentifikasi potensi,            to identify potential, provide constructive feedback, and design
memberikan umpan balik yang konstruktif, dan merancang            appropriate training programs. As a result, the Company not
program pelatihan yang sesuai. Dengan demikian, Perseroan         only drives individual performance improvement but also
tidak hanya mendorong peningkatan kinerja individu, tetapi juga   strengthens the achievement of its strategic objectives.
memperkuat pencapaian tujuan strategis perusahaan.



Remunerasi dan Kesejahteraan Karyawan                             Employee Remuneration and Welfare

Perseroan berkomitmen untuk menyediakan remunerasi dan            The Company is committed to providing competitive
kesejahteraan yang kompetitif bagi karyawan sebagai bentuk        remuneration and welfare benefits as a form of appreciation
apresiasi atas kontribusi mereka dalam pencapaian tujuan          for employees’ contributions to achieving corporate goals.
perusahaan. Kebijakan remunerasi disusun secara adil,             The remuneration policy is designed to be fair, transparent,
transparan, dan didasarkan pada evaluasi kinerja, tanggung        and based on performance evaluations, responsibilities, and
jawab, serta kontribusi individu terhadap kemajuan Perseroan.     individual contributions to the Company’s growth. In determining
Dalam penetapannya, Perseroan memperhatikan faktor-faktor         remuneration, the Company considers the following factors:
berikut:
1. Peraturan pemerintah tentang upah minimum regional             1. Government regulations on regional minimum wages
    (UMR);                                                           (UMR);
2. Tingkat upah dari bidang usaha sejenis; dan                    2. Wage levels in similar industries; and
3. Level jabatan karyawan.                                        3. Employee job levels.


Sebagai bentuk penerapan prinsip kesetaraan dan inklusivitas,     As part of its commitment to equality and inclusivity,
Perseroan memastikan tidak ada perbedaan dalam pemberian          the Company ensures that there is no disparity in remuneration
remunerasi antara karyawan pria dan wanita. Remunerasi            between male and female employees. Compensation is solely
sepenuhnya didasarkan pada hasil penilaian kinerja karyawan.      based on employee performance evaluations.




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Kebijakan Kesehatan dan Keselamatan                              Occupational Health and Safety Policy
Kerja

Perseroan berkomitmen menciptakan lingkungan kerja yang          The Company is committed to creating a safe and healthy work
aman dan sehat melalui penerapan Kebijakan Kesehatan dan         environment through the implementation of its Occupational
Keselamatan Kerja (K3). Kebijakan ini disusun berdasarkan        Health and Safety (OHS) Policy. This policy is developed based
peraturan yang berlaku dan kebijakan internal perusahaan,        on applicable regulations and the Company’s internal policies,
dengan tujuan meminimalkan risiko kecelakaan kerja dan           aiming to minimize workplace accident risks and ensure
menjaga kesejahteraan karyawan. Dasar hukum kebijakan ini        employee well-being. The legal basis for this policy includes:
mencakup:
1. Undang-Undang No. 1 Tahun 1970 tentang Keselamatan            1. Law No. 1 of 1970 on Occupational Health and Safety;
    dan Kesehatan Kerja;
2. Undang-Undang No. 23 Tahun 1992 tentang Kesehatan;            2. Law No. 23 of 1992 on Health;
3. Undang-Undang No. 36 Tahun 2009 tentang Kesehatan;            3. Law No. 36 of 2009 on Health;
4. Undang-Undang       No.   13   Tahun    2003   tentang        4. Law No. 13 of 2003 on Manpower;
    Ketenagakerjaan;
5. Keputusan Presiden No. 22 Tahun 1993 tentang Penyakit         5. Presidential Decree No. 22 of 1993 on Occupational
    yang Timbul Akibat Hubungan Kerja;                              Diseases;
6. Peraturan Pemerintah No. 50 Tahun 2012 tentang                6. Government Regulation No. 50 of 2012 on the Implementation
    Penerapan Sistem Manajemen K3;                                  of the OHS Management System;
7. Peraturan Menteri Ketenagakerjaan Republik Indonesia          7. Minister of Manpower of the Republic of Indonesia
    No. PER.02/MEN/1992 tentang Tata Cara Penunjukan                Regulation No. PER.02/MEN/1992 on Procedures for
    Kewajiban dan Wewenang Ahli K3; dan                             the Appointment, Obligations, and Authorities of OHS
                                                                    Experts; and
8. Peraturan Menteri Tenaga Kerja No. 5 tahun 1996 tentang       8. Minister of Manpower Regulation No. 5 of 1996 on the
   Sistem Manajemen Keselamatan dan Kesehatan Kerja                 Occupational Health and Safety Management System
   (SMK3).                                                          (SMK3).


Kebijakan internal K3 merupakan bagian dari QHSE Terpadu,        The Company’s internal OHS policy is an integral part of
yang berlandaskan pada Nilai Perusahaan, yakni Care for the      the Integrated QHSE framework, founded on the Company’s
Company, Care for the People, dan Care for the Environment.      Core Values, namely Care for the Company, Care for the People,
Penerapan K3 dilakukan melalui QHSE Policy yang berlaku di       and Care for the Environment. The implementation of OHS is
semua lini sejak 2017, dengan fokus pada:                        carried out through the QHSE Policy, which has been in effect
                                                                 across all operations since 2017, with a focus on:
1. Perlindungan lingkungan dan pencegahan polusi udara,          1. Environmental protection and the prevention of air, soil, and
   tanah dan air;                                                    water pollution;
2. Peningkatan kinerja mutu, lingkungan serta keselamatan        2. Enhancing quality, environmental, and occupational health
   dan kesehatan kerja;                                              and safety performance;
3. Penerapan konsep produksi bersih dalam setiap proses dan      3. Applying the clean production concept in all processes and
   unit pendukung;                                                   supporting units:
4. Peningkatan produksi dan pengoptimalan biaya produksi;        4. Increasing production efficiency and optimizing production
                                                                     costs;
5. Pengembangan sumber daya manusia yang ditujukan untuk         5. Developing human resources to cultivate competent
   membentuk tenaga profesional berbasis kompetensi dan              professionals with high integrity;
   memiliki integritas yang tinggi;
6. Penyempurnaan kriteria kinerja yang terkait pada bisnis       6. Refining performance criteria related to business and
   dan operasi serta menerapkan karya-karya inovatif terkait        operations while implementing innovative initiatives to
   peningkatan mutu, lingkungan dan K3 sesuai persyaratan           improve quality, environmental management, and OHS
   dari pihak yang berkepentingan, serta persyaratan                in accordance with stakeholder requirements and ISO
   berstandar manajemen ISO 9001:2015, ISO 14001:2018, ISO          management standards, including ISO 9001:2015, ISO
   45001:2018; dan                                                  14001:2018, and ISO 45001:2018; and
7. Peningkatan kesadaran pegawai, masyarakat, dan                7. Raising awareness among employees, communities,
   pemangku kepentingan untuk menciptakan lingkungan                and stakeholders to foster a clean, safe, and healthy
   kerja yang bersih, aman, sehat, serta bebas dari kecelakaan      work environment, free from accidents and occupational
   dan penyakit akibat kerja.                                       diseases.




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Tingkat Perputaran Karyawan                                     Employee Turnover Rate

Perputaran karyawan merupakan indikator penting yang            The employee turnover rate is a key indicator reflecting
mencerminkan stabilitas, kepuasan, dan loyalitas tenaga         workforce stability, satisfaction, and loyalty within the
kerja di Perseroan. Perseroan secara berkala memantau           Company. The Company regularly monitors turnover rates to
tingkat perputaran karyawan untuk mengidentifikasi alasan       identify the primary reasons employees leave and to assess
utama karyawan meninggalkan perusahaan dan mengevaluasi         the effectiveness of its implemented strategies. As a response,
efektivitas strategi yang diterapkan. Sebagai bentuk respons,   the Company strives to manage its workforce fairly and
Perseroan berupaya mengelola tenaga kerja secara adil           transparently to improve retention and meet employee needs.
dan transparan untuk meningkatkan retensi dan memenuhi
kebutuhan karyawan.


Pada tahun 2024, tingkat perputaran karyawan tercatat           In 2024, the employee turnover rate was recorded at 16.71%.
sebesar 16,71%. Informasi lebih rinci terkait tingkat           Further details on the Company’s employee turnover rate are
perputaran karyawan Perseroan diungkapkan dalam Laporan         disclosed in the Sustainability Report.
Keberlanjutan.



Hubungan Industrial                                             Industrial Relations

Perseroan berkomitmen membangun hubungan industrial yang        The Company is committed to fostering harmonious and fair
harmonis dan adil antara perusahaan dan karyawan. Melalui       industrial relations between the Company and its employees.
dialog terbuka, perjanjian kerja bersama (PKB), dan kepatuhan   Through open dialogue, collective labor agreements (CLA),
terhadap ketentuan ketenagakerjaan, Perseroan memastikan        and compliance with labor regulations, the Company ensures
hak dan kesejahteraan karyawan tetap terjaga. Komitmen ini      that employee rights and well-being are maintained. This
menciptakan lingkungan kerja yang kondusif dan mendukung        commitment helps create a conducive work environment and
keberlanjutan operasional perusahaan.                           supports the Company’s operational sustainability.


Sebagai bentuk nyata dari komitmen tersebut, Perseroan          As a tangible demonstration of this commitment, the Company
membentuk LKS Bipartit di setiap Entitas Anak sebagai wadah     has established Bipartite Cooperation Institutions (LKS Bipartit)
komunikasi efektif antara karyawan dan manajemen.               in each Subsidiary as an effective communication platform
                                                                between employees and management.




Teknologi Informasi
                                                                               Information Technology

Teknologi informasi (TI) berperan penting dalam meningkatkan    Information technology (IT) plays a vital role in enhancing
efisiensi dan ketepatan operasional Perseroan, mulai dari       the efficiency and accuracy of the Company’s operations,
pengelolaan perkebunan hingga produksi dan distribusi.          from plantation management to production and distribution.
Perseroan mengembangkan infrastruktur TI untuk memantau         The Company continuously develops its IT infrastructure to
produktivitas kebun, mengelola lahan, dan mendukung             monitor plantation productivity, manage land use, and support
pengambilan keputusan berbasis data. Penerapan teknologi        data-driven decision-making. The implementation of these
ini mendukung operasional yang berkelanjutan dan kompetitif,    technologies ensures sustainable and competitive operations,
sejalan dengan visi jangka panjang Perseroan dalam              aligning with the Company’s long-term vision of creating added
menciptakan nilai tambah di industri kelapa sawit.              value in the palm oil industry.




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Pengelolaan Teknologi Informasi                                     Information Technology Management

Perseroan telah membangun dan mengelola infrastruktur               The Company has developed and manages an extensive
TI yang tersebar di berbagai lokasi, termasuk Head                  IT infrastructure across multiple locations, including the
Office Pangkalan Bun, Site Downstream Tempenek,                     Head Office in Pangkalan Bun, Site Downstream Tempenek,
Kantor Representative Jakarta dan Singapura, serta site             Representative Offices in Jakarta and Singapore, and operational
operasional perkebunan di Kabupaten Kotawaringin Barat,             plantation sites in Kotawaringin Barat, Lamandau, and Pulang
Lamandau, dan Pulang Pisau. Seluruh lokasi ini terhubung            Pisau Regencies. All locations are securely connected through a
secara online melalui jaringan privat yang aman. Selain             private network. Additionally, the Company operates a primary
itu, Perseroan juga memiliki data center utama serta                data center along with several small data centers at branch
beberapa small data center di masing-masing cabang untuk            offices to ensure optimal IT service availability.
memastikan ketersediaan layanan TI yang optimal.


Seluruh infrastruktur dan layanan TI tersebut dikelola secara       All IT infrastructure and services are managed internally by a
internal oleh tim yang memiliki kompetensi sesuai bidangnya,        team of professionals with expertise in their respective fields,
sehingga keandalan sistem tetap terjaga. Untuk meminimalisir        ensuring system reliability. To minimize downtime, the Company
downtime, Perseroan telah menerapkan sistem backup unit             has implemented backup units for data communication network
pengganti pada infrastruktur jaringan komunikasi data di site       infrastructure at plantation sites, along with a tiered data backup
operasional perkebunan, serta sistem backup data berjenjang         system to safeguard information availability and security.
untuk memastikan keamanan dan ketersediaan informasi.


Dalam menjaga keamanan informasi, Perseroan menerapkan              To uphold information security, the Company applies
kebijakan keamanan berbasis standar ISO 27001, termasuk             ISO 27001-based security policies, including restricted IT
pembatasan akses layanan TI bagi karyawan berdasarkan level         service access for employees based on job level and work
jabatan dan kebutuhan pekerjaan. Selain itu, sistem keamanan        requirements. Security measures are further reinforced with
juga diperkuat dengan firewall, anti-spam, endpoint security, dan   firewalls, anti-spam protection, endpoint security, and other
berbagai proteksi lainnya guna melindungi data serta informasi      protective systems to safeguard corporate data and information
perusahaan dari ancaman siber.                                      from cyber threats.


Penerapan sistem TI yang andal memungkinkan Perseroan untuk         A robust IT system enables the Company to operate an
menjalankan Enterprise Resource Planning (ERP) Perkebunan           integrated Plantation Enterprise Resource Planning (ERP)
yang terintegrasi hingga proses pelaporan keuangan. Selain          system, extending to financial reporting processes. Additionally,
itu, Perseroan juga telah menerapkan pencatatan aktivitas           the Company has implemented real-time harvest activity
panen secara real-time melalui Mobile Application System, yang      recording through a Mobile Application System, enhancing
meningkatkan efisiensi dan transparansi dalam operasional           efficiency and transparency in plantation operations.
perkebunan.



Strategi Pengembangan TI 2025                                       IT Development Strategy 2025

Perseroan berkomitmen memaksimalkan pengelolaan TI                  The Company is committed to continuously optimizing
secara berkelanjutan melalui strategi yang akan diterapkan          IT management through the following strategies to be
pada tahun 2025 sebagai berikut.                                    implemented in 2025:
1. Pembangunan secondary data center;                               1. Development of a secondary data center;
2. Pengembangan sistem aplikasi perkebunan;                         2. Enhancement of plantation application systems;
3. Peremajaan infrastruktur; serta                                  3. Modernization of IT infrastructure; and
4. Migrasi layanan TI on-premise ke cloud.                          4. Migration of on-premise IT services to the cloud.




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                      Tata Kelola
                     Perusahaan
                     Corporate Governance


                               Dengan semangat transparansi dan keadilan,
                            Perseroan terus memperkuat praktik tata kelola
                          yang bertanggung jawab. Perseroan menanamkan
                          akuntabilitas di setiap lapisan, memastikan bahwa
                       setiap keputusan dibuat dengan penuh pertimbangan
                              dan integritas, serta merefleksikan Nilai-Nilai
                            Perusahaan dalam setiap tindakan yang diambil.

                            Driven by the spirit of transparency and fairness,
                       the Company continues to strengthen the responsible
                                 governance practices. The Company instills
                            accountability in every layer, ensuring that every
                               decision is made under full consideration and
                           integrity, while reflecting the Corporate Values in
                                                            every action taken.




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Penerapan Tata Kelola Perusahaan yang Baik
                                    Implementation of Good Corporate Governance


Perseroan berkomitmen menerapkan prinsip good corporate          The Company is committed to implement the good corporate
governance (GCG) sebagai bagian integral dari operasional        governance (GCG) principles as an integral part of the company
perusahaan. Penerapan GCG di Perseroan didasarkan pada 3         operations. The GCG implementation in the Company is based
pendekatan utama berikut.                                        on the 3 main approaches as follows.




                      Kepatuhan                                                     Etika Berusaha
                      Compliance                                                    Business Ethics
   Terhadap peraturan perundang-undangan yang berlaku                        Sebagai cermin perilaku dunia usaha
            With applicable laws and regulations                            As a mirror of healthy business behavior




                   Iklim Investasi yang Baik dan Pertubuhan yang Berkelajutan
                         Good Invesment Climate and Sustainable Growth

Pendekatan ini diimplementasikan dalam bentuk praktik            These approaches are implemented in the form of governance
tata kelola yang mencerminkan komitmen Perseroan untuk           practices reflecting the Company’s commitment to maintain
menjaga kepercayaan pemangku kepentingan. Implementasi           the stakeholders’ trust. The implementation is realized through:
ini diwujudkan melalui:
1. Memberikan          kesempatan       bagi    karyawan untuk   1. Providing career development opportunities for employees
     mengembangkan karier serta memberikan apresiasi                and appreciate their contributions in improving Company’s
     terhadap kontribusi mereka dalam meningkatkan                  productivity;
     produktivitas perusahaan;
2. Menyelenggarakan Rapat Umum Pemegang Saham (RUPS)             2. Holding the General Meeting of Shareholder (GMS)
     secara berkala untuk memastikan hak-hak Pemegang               regularly to ensure that the rights of shareholders are met
     Saham terpenuhi secara transparan dan akuntabel;               in a transparent and accountable manner;
3. Menjaga ekosistem di sekitar lokasi operasional dan           3. Maintaining the ecosystem around operation location and
     berkontribusi pada pembangunan ekonomi masyarakat              contributing to the economic development of the community
     melalui program tanggung jawab sosial perusahaan               through corporate social responsibility (CSR) program; and
     (corporate social responsibility/CSR); serta
4. Menyediakan akses informasi yang adil dan setara bagi         4. Providing fair and equal access to information related to
     masyarakat dan pemangku kepentingan terkait keuangan           the company’s financial and operational for the public and
     dan operasional perusahaan.                                    stakeholders.


Komitmen ini diterapkan secara konsisten di seluruh jajaran      This commitment is implemented consistently at all levels
Perseroan, mulai dari Dewan Komisaris, Direksi, hingga           of the Company, from the Board of Commissioners, Board of
seluruh karyawan. Melalui penerapan GCG yang menyeluruh,         Directors, to all employees. By implementing a comprehensive
Perseroan berharap dapat terus tumbuh dan memberikan nilai       GCG, the Company hopes to maintain continuous growth and
tambah bagi seluruh pemangku kepentingan.                        provide added value for all stakeholders.




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                                                                                                           Corporate Governance




Tujuan Penerapan GCG                                                 GCG Implementation Objectives

Perseroan secara konsisten menerapkan prinsip-prinsip GCG            The Company consistently implement GCG principles in every
dalam setiap proses pengelolaan perusahaan. Langkah ini              process of company management. This step has the following
bertujuan untuk:                                                     objectives:
1. Memastikan pengelolaan perusahaan sesuai dengan                   1. Ensuring the Company is managed in accordance with
    prinsip-prinsip GCG, seperti perilaku beretika, akuntabilitas,       GCG principles, such as ethical conduct, accountability,
    transparansi, dan keberlanjutan;                                     transparency, and sustainability;
2. Memperkuat fungsi dan kemandirian setiap organ                    2. Strengthening the functions and independence of each
    perusahaan, yakni Dewan Komisaris, Direksi, dan Rapat                company organ, namely Board of Commissioners, Board of
    Umum Pemegang Saham;                                                 Directors, and General Meeting of Shareholders;
3. Mendorong Pemegang Saham, Dewan Komisaris, dan                    3. Encouraging Shareholders, Board of Commissioners, and
    Direksi agar mengambil setiap keputusan dan tindakan                 Board of Directors to make every decision and action based
    didasari oleh nilai moral yang tinggi serta kepatuhan pada           on high moral value and compliance with the applicable
    peraturan yang berlaku;                                              regulations;
4. Mengoptimalkan nilai Perseroan bagi Pemegang Saham                4. Optimizing the Company’s value for Shareholders while
    dengan tetap memperhatikan kepentingan pihak-pihak                   considering the interest of others; and
    lain; serta
5. Meningkatkan daya saing Perseroan di tingkat nasional dan         5. Increasing the Company’s competitiveness at the national
    internasional, sehingga memperkuat kepercayaan pasar                and international level, thereby strengthen the market
    dan mendukung arus investasi serta pertumbuhan ekonomi              confidence and support the investment flow and sustainable
    nasional yang berkelanjutan.                                        national economic growth.



Dasar Hukum                                                          Legal References

Optimalisasi penerapan GCG memerlukan penyesuaian                    Optimizing the GCG implementation requires adjustments to
terhadap ketentuan-ketentuan berikut.                                the following provisions.
1. Undang-Undang Republik Indonesia No. 40 Tahun 2007                1. Law of the Republic of Indonesia No. 40 of 2007 concerning
    tentang Perseroan Terbatas;                                          Limited Liability Company;
2. Undang-Undang No. 20 Tahun 2001 tentang Perubahan                 2. Law of the Republic of Indonesia No. 20 of 2001 concerning
    atas Undang-Undang Republik Indonesia No. 31 Tahun 1999              Amendments to Law of the Republic of Indonesia No. 31 of
    tentang Pemberantasan Tindak Pidana Korupsi;                         1999 concerning Eradication of Corruption Crimes;
3. Undang-Undang No. 8 Tahun 1995 tentang Pasar Modal;               3. Law No. 8 of 1995 concerning Capital Markets;
4. Peraturan Badan Pengawas Pasar Modal dan Lembaga                  4. Regulation of the Capital Market and Financial Institution
    Keuangan Nomor IX.J.1, Lampiran Keputusan Ketua Badan                Supervisory Agency Number IX.J.1, Attachment to
    Pengawas Pasar Modal dan Lembaga Keuangan No. KEP-                   the Decree of the Chairman of the Capital Market
    179/ BL/2008 tanggal 14 Mei 2008 tentang pokok-pokok                 and Financial Institution Supervisory Agency Number
    Anggaran Dasar Perseroan yang Melakukan Penawaran                    No. KEP-179/ BL/2008 dated 14 May 2008 concerning
    Umum Efek Bersifat Ekuitas dan Perusahaan Publik;                    the main points of the Articles of Association of Company
                                                                         that Conduct Public Offerings of Equity-Type Securities and
                                                                         Public Company;
5. Peraturan Otoritas Jasa Keuangan No. 15/POJK.04/2020              5. Financial Services Authority Regulation No. 15/POJK.04/2020
   tentang Rencana dan Penyelenggaraan Rapat Umum                        concerning Plans and Implementation of General Meeting
   Pemegang Saham Perusahaan Terbuka;                                    of Shareholders of Public Company;
6. Peraturan Otoritas Jasa Keuangan No. 16/POJK.04/2020              6. Financial Services Authority Regulation No. 16/POJK.04/2020
   tentang Pelaksanaan Rapat Umum Pemegang Saham                         concerning Implementation of Electronic General Meeting
   Perusahaan Terbuka Secara Elektronik;                                 of Shareholders of Public Company;
7. Peraturan Otoritas Jasa Keuangan No. 55/POJK.04/2015              7. Financial Services Authority Regulation No. 55/POJK.04/2015
   tentang Pembentukan dan Pedoman Pelaksanaan Kerja                     concerning the Establishment and Guidelines for
   Komite Audit;                                                         implementation of Audit Committee Work;
8. Peraturan Otoritas Jasa Keuangan No. 21/POJK.04/2015              8. Financial Services Authority Regulation No. 21/POJK.04/2015
   tentang Penerapan Pedoman Tata Kelola Perseroan                       concerning Implementation of Governance Guidelines for
   Terbuka;                                                              Public Company;
9. Surat Edaran Otoritas Jasa Keuangan No. 32/SEOJK.04/2015          9. Financial Services Authority Circular No. 32/SEOJK.04/2015
   tentang Pedoman Tata Kelola Perseroan Terbuka;                        concerning Guidelines for Public Company Governance;




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10. Surat Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021               10. Financial Services Authority Circular No. 16/SEOJK.04/2021
    tentang Bentuk dan Isi Laporan Tahunan Emiten atau                         regarding the Format and Contents of the Annual Report of
    Perusahaan Publik;                                                         Issuers and Public Companies;
11. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/ 2014                  11. Financial Services Authority Regulation No. 33/POJK.04/ 2014
    tentang Direksi dan Dewan Komisaris Emiten atau                            concerning Board of Directors and Board of Commissioners
    Perseroan Publik;                                                          of Issuers or Public Company;
12. Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2014                   12. Financial Services Authority Regulation No. 34/POJK.04/2014
    tentang Komite Nominasi dan Remunerasi Emiten atau                         concerning Nomination and Remuneration Committee of
    Perseroan Publik;                                                          Issuers or Public Company;
13. Peraturan Otoritas Jasa Keuangan No. 35/POJK.04/2014                   13. Financial Services Authority Regulation No. 35/POJK.04/2014
    tentang Sekretaris Perseroan Emiten atau Perseroan                         concerning Corporate Secretary of Issuers or Public
    Publik;                                                                    Company;
14. Peraturan Otoritas Jasa Keuangan No. 56/POJK.04/2015                   14. Financial Services Authority Regulation No. 56/POJK.04/2015
    tentang Pembentukan dan Pedoman Penyusunan Piagam                          concerning the Establishment and Guidelines for Internal
    Unit Audit Internal;                                                       Audit Unit Charter;
15. Anggaran Dasar Perseroan; serta                                        15. Company’s Articles of Association; and
16. Pedoman Umum Governansi Korporat Indonesia (PUGKI)                     16. General Guidelines for Indonesian Corporate Governance
    2021 yang diterbitkan oleh Komite Nasional Kebijakan                       (PUGKI) 2021 issued by National Committee on Governance
    Governansi.                                                                Policy.



Prinsip Tata Kelola Perusahaan yang Baik                                   Good Corporate Governance Principles

Perseroan menerapkan prinsip-prinsip GCG berlandaskan                      The Company implements GCG principles based on the General
Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2021                    Guidelines for Indonesian Corporate Governance (PUGKI) 2021
yang dipublikasikan KNKG. Prinsip-prinsip ini diimplementasikan            published by KNKG. These principles are implemented through
melalui pilar-pilar governansi korporat berikut.                           the following corporate governance pillars.


  Prinsip-Prinsip
                                         Penjelasan                                               Penerapan di Perseroan
       GCG
                                         Explanation                                             Application in the Company
  GCG Principles

 Perilaku Beretika   Dalam     melaksanakan        kegiatannya, korporasi       •   Menerapkan Kode Etik sebagai landasan perilaku bagi
 Ethical Conduct     senantiasa mengedepankan kejujuran, memperlakukan              seluruh insan perusahaan dalam menjalankan tugas dan
                     semua pihak dengan hormat (respect), memenuhi                  tanggung jawabnya. Kode Etik ini berfungsi untuk menciptakan
                     komitmen, membangun serta menjaga nilai-nilai                  lingkungan kerja yang sehat, saling menghargai, dan
                     moral dan kepercayaan secara konsisten. Korporasi              berorientasi pada kepentingan bersama.
                     memperhatikan kepentingan Pemegang Saham dan               •   Memiliki Pedoman Tata Kelola (Charter) yang menetapkan
                     pemangku kepentingan lainnya berdasarkan asas                  peran dan tanggung jawab masing-masing organ perusahaan,
                     kewajaran dan kesetaraan (fairness) dan dikelola               sehingga memastikan setiap aktivitas operasional berjalan
                     secara independen sehingga masing-masing organ                 sesuai aturan dan tanpa intervensi yang melanggar batas
                     perusahaan tidak saling mendominasi dan tidak dapat            kewenangan.
                     diintervensi oleh pihak lain.                              •   Apply the Code of Conduct as a basis in behaving for all company
                     In carrying out its activities, the company always             personnel in performing duties and responsibilities. The Code
                     prioritizes honesty, treats all parties with respect,          of Conduct aims to create a healthy, mutually respectful work
                     fulfills commitments, builds and maintains moral               environment, oriented to common interests.
                     values and beliefs consistently. The company pays          •   Has Governance Guideline (Charter) that establishes the roles
                     attention to the interests of shareholders and other           and responsibilities for each organ of the company, and ensure
                     stakeholders based on the principles of fairness and           every operational activity runs according to the rules and
                     is managed independently so that each organ of the             without intervention violating the limits of authority.
                     company does not dominate each other and cannot be
                     intervened by other parties.

 Akuntabilitas       Korporasi dapat mempertanggungjawabkan kinerjanya          •   Mengevaluasi kinerja dan aktivitas Perseroan secara berkala
 Accountability      secara transparan dan wajar. Untuk itu, korporasi              melalui laporan resmi, seperti Laporan Keuangan, Laporan
                     harus dikelola secara benar, terukur dan sesuai dengan         Tahunan, dan Laporan Keberlanjutan.
                     kepentingan korporat dengan tetap memperhitungkan          •   Memastikan seluruh laporan disusun secara benar,
                     kepentingan Pemegang Saham dan pemangku                        terukur, dan akurat sesuai prinsip akuntabilitas, sehingga
                     kepentingan. Akuntabilitas merupakan prasyarat yang            mencerminkan kondisi perusahaan secara transparan dan
                     diperlukan untuk mencapai kinerja yang berkelanjutan.          dapat dipertanggungjawabkan.
                     The company can account for its performance                •   Melakukan audit internal dan eksternal secara rutin untuk
                     transparently and reasonably. As such, the company             menilai dan memastikan bahwa seluruh aspek tata kelola dan
                     must be managed correctly, measurably and in                   operasional Perseroan berjalan sesuai dengan regulasi yang
                     accordance with company interests while taking into            berlaku.
                     account the interests of shareholders and stakeholders.    •   Melakukan monitoring dan evaluasi kinerja organ perusahaan
                     Accountability is a necessary prerequisite for achieving       (Dewan Komisaris, Direksi, dan Komite) secara berkala untuk
                     sustainable performance.                                       memastikan pengambilan keputusan didasarkan pada prinsip
                                                                                    kehati-hatian dan kepentingan perusahaan.




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  Prinsip-Prinsip
                                         Penjelasan                                              Penerapan di Perseroan
       GCG
                                         Explanation                                            Application in the Company
  GCG Principles

                                                                               •   Menerapkan sistem pengendalian internal dan manajemen
                                                                                   risiko yang baik guna menjaga stabilitas perusahaan dan
                                                                                   memitigasi risiko dalam setiap aktivitas bisnis.
                                                                               •   Evaluate Company's performance and activities periodically
                                                                                   through official reports, such as Financial Statements, Annual
                                                                                   Report, and Sustainability Report.
                                                                               •   Ensure all reports are prepared correctly, measurably, and
                                                                                   accurately in line with accountability principles, to reflect the
                                                                                   company's condition in transparent and accountable manner.
                                                                               •   Conduct regular internal and external audits to assess and
                                                                                   ensure all aspects of Company's governance and operations
                                                                                   are in accordance with applicable regulations.
                                                                               •   Monitor and evaluate the performance of company's organs
                                                                                   (Board of Commissioners, Board of Directors, Committees)
                                                                                   periodically to ensure the decision-making is based on
                                                                                   the prudent principles and the company’s interests.
                                                                               •   Implement good internal control and risk management system
                                                                                   to maintain company's stability and mitigate risks in every
                                                                                   business activity.

 Transparansi        Untuk menjaga obyektivitas dalam menjalankan bisnis,      •   Menyediakan informasi material dan relevan yang mudah
 Transparency        korporasi menyediakan informasi yang material dan             diakses oleh pemangku kepentingan melalui situs web
                     relevan dengan cara yang mudah diakses dan dipahami           Perseroan dan Bursa Efek Indonesia.
                     oleh pemangku kepentingan. Korporasi mengambil            •   Mengungkapkan informasi yang tidak hanya diwajibkan oleh
                     inisiatif untuk mengungkapkan tidak hanya masalah             peraturan, tetapi juga hal-hal penting yang mendukung
                     yang disyaratkan oleh peraturan perundang-undangan,           pengambilan keputusan Pemegang Saham, kreditur, dan
                     tetapi juga hal yang penting untuk pengambilan                pemangku kepentingan lainnya.
                     keputusan oleh Pemegang Saham, kreditur, dan              •   Melakukan komunikasi yang transparan dan tepat waktu untuk
                     pemangku kepentingan lainnya.                                 menjaga obyektivitas dalam setiap aktivitas bisnis.
                     To maintain objectivity in conducting business, the       •   Menyampaikan Laporan Tahunan, Laporan Keuangan, dan
                     company provides material and relevant information            Laporan Keberlanjutan secara berkala sebagai bentuk
                     in a way that is easily accessible and understood             pertanggungjawaban dan keterbukaan informasi.
                     by stakeholders. The Company takes the initiative         •   Mengambil inisiatif untuk mengungkapkan informasi tambahan
                     to disclose not only issues required by laws and              yang berdampak pada operasional dan keputusan bisnis.
                     regulations, but also those that are important for        •   Provide easily accessible material and relevant information
                     decision-making by shareholders, creditors and other          for stakeholders through the Company and Indonesia Stock
                     stakeholders.                                                 Exchange websites.
                                                                               •   Disclose not only the regulatory required information, but
                                                                                   also important issues supporting the decision-making by
                                                                                   Shareholders, creditors, and other stakeholders.
                                                                               •   Conduct transparent and timely communication to maintain
                                                                                   objectivity in every business activity.
                                                                               •   Submit Annual Report, Financial Statements, and Sustainability
                                                                                   Report periodically as a form of accountability and information
                                                                                   disclosure.
                                                                               •   Take the initiative to disclose additional information impacting
                                                                                   the business operations and decisions.

 Keberlanjutan       Korporasi mematuhi peraturan perundang-undangan           •   Mematuhi peraturan perundang-undangan dalam menjalankan
 Sustainability      serta    berkomitmen    melaksanakan     tanggung             operasional sebagai bagian dari tanggung jawab perusahaan
                     jawab terhadap masyarakat dan lingkungan agar                 terhadap masyarakat dan lingkungan.
                     berkontribusi pada pembangunan berkelanjutan              •   Mengintegrasikan prinsip keberlanjutan ke dalam aktivitas
                     melalui kerja sama dengan semua pemangku                      bisnis untuk mendukung pembangunan yang selaras dengan
                     kepentingan untuk meningkatkan kehidupan mereka               kepentingan sosial dan lingkungan.
                     dengan cara yang selaras dengan kepentingan bisnis        •   Berkolaborasi dengan pemangku kepentingan dalam
                     dan agenda pembangunan berkelanjutan.                         mendorong peningkatan kesejahteraan masyarakat dan
                     The Company complies with laws and regulations and            pelestarian lingkungan.
                     is committed to carrying out its responsibility towards   •   Melaksanakan program CSR secara konsisten untuk
                     society and the environment in order to contribute to         memberikan dampak positif yang berkelanjutan dan
                     sustainable development through cooperation with all          memperkuat hubungan dengan komunitas lokal.
                     relevant stakeholders to improve community lives in       •   Menyajikan laporan perkembangan CSR melalui berbagai
                     a way that is in line with business interests and the         platform, termasuk Laporan Tahunan, Laporan Keberlanjutan,
                     sustainable development agenda.                               dan situs web resmi, sebagai bentuk keterbukaan dan tanggung
                                                                                   jawab perusahaan.
                                                                               •   Comply with laws and regulations in its operations as part of
                                                                                   the company's responsibility to community and environment.
                                                                               •   Integrate sustainability principles into the business activities to
                                                                                   support development that align with social and environmental
                                                                                   interests.
                                                                               •   Collaborate with stakeholders to drive better community
                                                                                   welfare and environmental preservation.
                                                                               •   Implement CSR programs consistently to provide sustainable
                                                                                   positive impacts and strengthen relationships with local
                                                                                   communities.
                                                                               •   Present CSR progress reports via various platforms, including
                                                                                   the Annual Report, Sustainability Report, and official website,
                                                                                   as a form of company’s disclosure and responsibility.




2024 Annual Report                                                                                                                               151
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   PT Sawit Sumbermas Sarana Tbk.




Struktur Tata Kelola Perusahaan                                     Good Corporate Governance Structure

Struktur tata kelola Perseroan mengacu pada Undang-                 The Company’s governance structure refers to the Law
Undang No. 40 Tahun 2007 tentang Perseroan Terbatas, yang           No. 40 of 2007 on Limited Liability Company, that establishes
menetapkan Rapat Umum Pemegang Saham (RUPS), Dewan                  the General Meeting of Shareholders (GMS), Board of
Komisaris, dan Direksi sebagai organ utama perusahaan.              Commissioners, and Board of Directors as the main organs
Dewan Komisaris berperan sebagai pengawas, sedangkan                of the company. The Board of Commissioners serves as
Direksi bertanggung jawab atas pengelolaan operasional, guna        supervisor, while Board of Directors is responsible for the
memastikan fungsi keduanya berjalan secara independen,              operational management, to ensure that both functions run in
akuntabel, dan seimbang (check and balance) sesuai dengan           an independent, accountable manner, and balance (check and
prinsip GCG.                                                        balance) in accordance with GCG principles.


Untuk mendukung penerapan GCG yang lebih efektif, Perseroan         To support more effective GCG implementation, the Company
juga memiliki struktur pendukung, yang terdiri dari:                also has a support structure, consisting of:
1. Komite Audit, yang mengawasi Laporan Keuangan,                   1. Audit Committee, supervising the Financial Statements,
    kepatuhan terhadap regulasi, serta bekerja sama dengan              regulatory compliance, and working alongside the Public
    Akuntan Publik dalam proses audit eksternal;                        Accountant during the external audit process;
2. Komite Nominasi dan Remunerasi, yang bertanggung                 2. Nomination and Remuneration Committee, responsible for
    jawab atas kebijakan nominasi dan remunerasi bagi Dewan             the nomination and remuneration policies of the Board of
    Komisaris, Direksi, serta pejabat kunci Perseroan;                  Commissioners, Board of Directors, and key officers of
                                                                        the Company;
3. Audit Internal, yang memastikan efektivitas pengendalian         3. Internal Audit, ensuring the effectiveness of internal
   internal dan mitigasi risiko, serta berkoordinasi dengan             control and risk mitigation, as well as coordinating with
   Komite Audit dalam pelaksanaan pengawasan;                           Audit Committee in implementing supervision;
4. Sekretaris Perusahaan, yang mengelola kepatuhan                  4. Corporate Secretary, managing the regulatory compliance
   terhadap regulasi serta menjadi penghubung utama antara              as well as the main liaison between the company and
   perusahaan dengan Pemegang Saham dan regulator; serta                Shareholders and regulators; and
5. Divisi Keberlanjutan, yang mengelola strategi keberlanjutan      5. Sustainability Division, managing company’s sustainability
   perusahaan, mencakup aspek lingkungan, sosial, dan tata              strategies, including the environmental, social, and
   kelola (ESG) untuk mendukung pertumbuhan bisnis yang                 governance (ESG) aspects to support a sustainable business
   berkelanjutan.                                                       growth.


Dengan struktur ini, Perseroan berkomitmen untuk                    With this structure, the Company is committed to improve
meningkatkan transparansi, akuntabilitas, serta perlindungan        transparency, accountability, and protection of interests of the
terhadap kepentingan Pemegang Saham dan pemangku                    Shareholders and other stakeholders.
kepentingan lainnya.



                                                   Rapat Umum Pemegang Saham
                                                  General Meeting of Shareholders




                                                         Dewan Komisaris
                                                      Board of Commissioners




                                                             Direksi
                                                        Board of Directors




       Komite Audit             Audit Internal        Sekretaris Perusahaan          Divisi Keberlanjutan      Komite Nominasi dan
      Audit Committee           Internal Audit         Corporate Secretary          Sustainability Division       Remunerasi
                                                                                                                 Nomination and
                                                                                                              Remuneration Committee




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                                                                                                            Corporate Governance




Kebijakan GCG di SSMS                                              GCG Policies at SSMS

Perseroan telah menetapkan dan menerapkan berbagai                 The Company has established and applied various policies
kebijakan dan pedoman sebagai upaya memastikan penerapan           and guidelines as an effort to ensure an effective GCG
GCG yang efektif, sebagai berikut.                                 implementation, as follows.




                                        Pedoman Tata Kelola
     Peraturan Perusahaan              Perusahaan yang Baik                  Kode Etik                    Kebijakan Keberlanjutan
      Company Regulation             Good Corporate Governance            Code of Conduct                   Sustainability Policy
                                             Guidelines




                                                                    Kebijakan Keanekaragaman
     Kebijakan Anti-Korupsi          Kebijakan Hak Asasi Manusia                                           Kebijakan Etika Bisnis
                                                                              Hayati
     Anti-Corruption Policy              Human Rights Policy                                               Business Ethics Policy
                                                                        Biodiversity Policy




                                                                             Kebijakan Tanpa Deforestasi, Tanpa Gambut,
    Kebijakan Mutu, Kesehatan, Keselamatan dan Lingkungan Kerja
                                                                                       Tanpa Eksploitasi (NDPE)
         Quality, Health, Safety and Environment (QHSE) Policy
                                                                        No Deforestation, No Peat, No Exploitation (NDPE) Policy




                                                                     Piagam Dewan Komisaris
      Piagam Audit Internal                Piagam Direksi                                                   Piagam Komite Audit
                                                                     Board of Commissioners
      Internal Audit Charter          Board of Directors Charter                                          Audit Committee Charter
                                                                             Charter




            Pedoman                                                Pedoman Tata Kelola Teknologi          Kebijakan Pengelolaan
                                     Pedoman Manajemen Risiko
     Whistleblowing System                                           Informasi dan Komunikasi              Informasi Perusahaan
                                         Guidelines on Risk
  Guidelines on Whistleblowing                                     Guidelines on Information and            Policy on Company’s
                                           Management
             System                                                   Technology Management              Information Management




      Pedoman Pengadaan                                                Pedoman Pengukuran                  Pedoman Penyusunan
          Barang/Jasa                    Pedoman Akuntansi             Kepuasan Pelanggan                   Laporan Keuangan
      Guidelines on Goods/             Guidelines on Accounting       Guidelines on Measuring           Guidelines on Preparation of
      Services Procurement                                             Customer Satisfaction               Financial Statements




Sosialisasi dan Internalisasi GCG                                  Socialization and Internalization of GCG

Program sosialisasi dan internalisasi prinsip GCG merupakan        The socialization and internalization of GCG principles
bagian penting dalam memperkuat implementasi tata kelola di        programs are important part in strengthening the governance
SSMS. Perseroan mengomunikasikan pedoman dan kebijakan             implementation at SSMS. The Company communicates the
kepada seluruh karyawan dan mitra kerja untuk memastikan           guidelines and policies to all employees and business partners
prinsip GCG diterapkan dalam setiap aktivitas bisnis. Namun,       to ensure the GCG principles are applied in all business
sepanjang tahun 2024, Perseroan belum melaksanakan                 activities. However, throughout 2024, the Company has not
program sosialisasi dan internalisasi GCG. Meskipun demikian,      implemented GCG socialization and internalization program.
Perseroan tetap menyosialisasikan Kode Etik dan peraturan          Nevertheless, the Company keeps on socializing the Code of
lainnya sebagai bagian dari upaya menjaga tata kelola yang         Conducts and other regulations as part of efforts to maintain
baik.                                                              good governance.




2024 Annual Report                                                                                                                  153
Page 156
  PT Sawit Sumbermas Sarana Tbk.




Rapat Umum Pemegang Saham
                                                              General Meeting of Shareholders


Rapat Umum Pemegang Saham (RUPS) berfungsi sebagai             The General Meeting of Shareholders (GMS) functions as
wadah utama bagi Pemegang Saham untuk berpartisipasi           the main forum for Shareholders to participate in the company’s
dalam pengambilan keputusan strategis perusahaan. Melalui      strategic decision making. Through the GMS, Shareholders have
RUPS, Pemegang Saham memiliki kewenangan dalam                 the rights to set the company direction by approving important
menetapkan arah perusahaan dengan menyetujui keputusan         decisions, such as appointment of Board of Directors and Board
penting, seperti pengangkatan Direksi dan Komisaris,           of Commissioners, distribution of dividends, and amendments
pembagian dividen, serta perubahan Anggaran Dasar. RUPS        to the Articles of Association. The GMS ensures that every major
memastikan setiap keputusan besar yang memengaruhi masa        decision affecting the company’s future is made in a transparent
depan perusahaan dibuat secara transparan dan akuntabel,       and accountable manner, by involving the Shareholders as an
dengan melibatkan Pemegang Saham sebagai bagian integral       integral part of corporate governance.
dari tata kelola perusahaan.



Wewenang RUPS                                                  GMS Authority

RUPS memiliki wewenang eksklusif yang tidak dapat              The GMS has an exclusive authority that cannot be delegated
dilimpahkan kepada Dewan Komisaris atau Direksi. Wewenang      to the Board of Commissioners or Board of Directors.
tersebut meliputi:                                             The authority includes:
1. Memberikan        persetujuan      terhadap      Laporan    1. Give approval to the Accountability Report of the Board of
    Pertanggungjawaban Dewan Komisaris dan Direksi atas            Commissioners and Board of Directors on the management
    pengelolaan Perseroan;                                         of Company;
2. Mengangkat dan memberhentikan anggota Dewan                 2. Appoint and dismiss members of the Board of
    Komisaris maupun Direksi;                                      Commissioners and Board of Directors;
3. Memberikan persetujuan atas pemberian paket remunerasi      3. Give approval for the proposed remuneration package for
    yang diusulkan bagi Dewan Komisaris serta Direksi;             the Board of Commissioners and Board of Directors;
4. Memberikan persetujuan atas Laporan Tahunan yang            4. Give approval for the Annual Report submitted by the Board
    disampaikan oleh Direksi;                                      of Directors;
5. Menunjuk dan memberhentikan akuntan publik yang akan        5. Appoint and dismiss Public Accountants who will be tasked
    bertugas untuk melakukan audit terhadap seluruh laporan        to audit all of Company’s financial statements by considering
    keuangan perusahaan dengan mempertimbangkan usulan             the recommendations of the Board of Commissioners; and
    Dewan Komisaris; serta
6. Memberikan persetujuan terhadap penggunaan laba bersih      6. Give approval for the use of Company’s net profit.
    Perusahaan.



Hak dan Wewenang Pemegang Saham                                Rights and Authority of Shareholders in
dalam RUPS                                                     GMS

Pemegang Saham, baik individu maupun badan hukum, memiliki     Shareholders, both individuals or legal entities, have legal
hak sah atas kepemilikan saham dalam Perseroan. Sesuai         ownership of shares in the Company. In accordance with the
dengan ketentuan Otoritas Jasa Keuangan, Pemegang Saham        Financial Services Authority provision, shareholders that either
yang secara individu atau kolektif menguasai sedikitnya 10%    individually or collectively own at least 10% of the total shares
dari total saham Perseroan, atau Dewan Komisaris, memiliki     of the Company, or the Board of Commissioners, have the
wewenang untuk mengajukan permintaan penyelenggaraan           authority to request and convene an Extraordinary GMS. This
RUPS Luar Biasa. Permintaan tersebut wajib diajukan secara     request must be submitted in writing to the Board of Directors,
tertulis kepada Direksi, dengan mencantumkan agenda rapat      by stating the meeting agenda and the underlying reasons, and
dan alasan yang mendasari, serta mengikuti ketentuan dalam     following the provisions in the Company’s Articles of Association.
Anggaran Dasar Perseroan.




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                                                                                                             Corporate Governance




Wewenang Pemegang Saham dalam RUPS meliputi:                          The authority of Shareholders in GMS includes:
1. Menyetujui perubahan Anggaran Dasar Perseroan;                     1. Approve amendments to the Company’s Articles of
                                                                          Association;
2. Mengangkat dan memberhentikan anggota Direksi serta                2. Appoint and dismiss members of the Board of Directors and
   Dewan Komisaris;                                                       Board of Commissioners;
3. Menunjuk kantor akuntan publik untuk melakukan audit               3. Appoint the public accounting firm to audit the annual
   atas informasi keuangan historis tahunan; serta                        historical financial information; and
4. Membahas dan memutuskan hal-hal lain yang diajukan                 4. Discuss and decide other matters duly submitted in the GMS
   dalam RUPS sesuai dengan ketentuan Anggaran Dasar.                     in line with the provisions of the Articles of Association.


Di sisi lain, hak Pemegang Saham dalam RUPS mencakup:                 Meanwhile, the rights of Shareholders in GMS includes:
1. Menghadiri dan memberikan suara pada RUPS;                         1. Attend and vote at the GMS;
2. Memperoleh informasi mata acara rapat dan bahan terkait            2. Obtain information on the meeting agenda and materials
    mata acara rapat sepanjang tidak bertentangan dengan                 related to the meeting agenda as long as it does not conflict
    kepentingan Perseroan; serta                                         with the interests of the Company; and
3. Menerima bagian dari keuntungan Perseroan yang                     3. Receive part of the Company’s profits intended for
    diperuntukkan bagi pemegang saham dalam bentuk                       shareholders in the form of dividends and other profit
    deviden dan pembagian keuntungan lainnya sesuai                      distribution in line with the prevailing laws and regulations.
    ketentuan peraturan-perundangan yang berlaku.



Jenis RUPS                                                            GMS Type

Berdasarkan Anggaran Dasar Perseroan dan peraturan                    Based on the Company’s Articles of Association and
perundang-undangan yang berlaku, pelaksanaan RUPS terbagi             the prevailing laws and regulations, there are 2 types of GMS,
dalam 2 jenis, yaitu RUPS Tahunan dan RUPS Luar Biasa.                namely Annual GMS and Extraordinary GMS. The Annual
RUPS Tahunan wajib dilaksanakan maksimal 6 bulan setelah              GMS must be held at maximum 6 months after the end of a
tahun buku berakhir. Sementara itu, RUPS Luar Biasa dapat             fiscal year. Meanwhile, the Extraordinary GMS dan be held at
dilaksanakan sewaktu-waktu, sesuai dengan kepentingan                 any time, following the interests of Shareholders, Board of
Pemegang Saham, Dewan Komisaris, dan Direksi Perseroan.               Commissioners, and Board of Directors of the Company.



Tahapan Penyelenggaraan RUPS                                          Stages of Organizing GMS

Tahapan penyelenggaraan RUPS di Perseroan mengacu                     The stages of organizing GMS in the Company refers to the
pada Anggaran Dasar dan Peraturan Otoritas Jasa Keuangan              Articles of Association and Financial Services Authority
No. 15/POJK.04/2020. Tahapan tersebut diungkapkan sebagai             Regulation No. 15/POJK.04/2020. The stages are described as
berikut.                                                              follows.

                  5 Hari Kerja                              21 Hari Kerja
                5 Working Days                             21 Working Days




  Pemberitahuan
 mengenai tanggal                                                                                                    Pelaporan Berita
  RUPS dan Mata              Pengumuman                                                                                Acara RUPS
                                              Pemanggilan
 Acara ke Otoritas           RUPS kepada                                                        Ringkasan            kepada Otoritas
                                              RUPS kepada
  Jasa Keuangan               Pemegang                                                         Risalah Hasil          Jasa Keuangan
                                               Pemegang                      RUPS
 (Surat Tertutup)               Saham                                                             RUPS
                                                Saham
                                                                                                                       Reporting of
                                                                             GMS
  Announcement                   GMS                                                         Summary of GMS            GMS Minutes
                                             GMS Invitation to
   regarding the           Announcement to                                                     Resolutions              to Financial
                                              Shareholders
  date of GMS and            Shareholders                                                                                 Services
   Agenda to OJK                                                                                                         Authority
   (sealed letter)



                14 Hari Kerja                                              2 Hari Kerja
               14 Working Days                                           2 Working Days




2024 Annual Report                                                                                                                  155
Page 158
   PT Sawit Sumbermas Sarana Tbk.




Pelaksanaan RUPS Tahunan di Tahun                                              Implementation of GMS in 2024
2024

Pada tahun 2024, Perseroan melaksanakan RUPS Tahunan                           In 2024, the Company held Annual GMS and Extraordinary GMS
dan RUPS Luar Biasa secara bersamaan pada 25 April 2024 di                     simultaneously on April 25, 2024 at Financial Hall, Graha CIMB
Financial Hall, Graha CIMB Niaga, Lt. 2, Jl. Jenderal Sudirman                 Niaga, 2nd Fl., Jl. Jenderal Sudirman Kav. 58, Jakarta 12190.
Kav. 58, Jakarta 12190. Penyelenggaraan RUPS dilakukan                         The GMS was held by adhering the health protocol, restricted
dengan mematuhi protokol kesehatan, membatasi jumlah                           the physical attendance of Shareholders, and provided online
Pemegang Saham yang hadir secara fisik, serta menyediakan                      facility via eAsy.KSEI. Shareholders who attended online retain
fasilitas daring melalui eAsy.KSEI. Pemegang Saham yang                        the same voting rights.
hadir secara daring tetap memiliki hak yang sama dalam
menyampaikan suara.


Tahapan Pelaksanaan RUPS Tahunan dan RUPS Luar Biasa
Stages of Annual GMS and Extraordinary GMS

                 Uraian                       Tanggal                                          Media Penyampaian
               Description                     Date                                              Delivery Media

                                                                Surat No. 009/Corsec-SSMS/III/2024 perihal Penyampaian Mata Acara RUPS Tahunan
 Pemberitahuan                             8 Maret 2024         dan RUPS Luar Biasa kepada Otoritas Jasa Keuangan dan Bursa Efek Indonesia.
 Notification                              March 8, 2024        Letter No. 009/Corsec-SSMS/III/2024 on Notification of Meeting Agenda of Annual GMS
                                                                and Extraordinary GMS to Financial Services Authority and Indonesia Stock Exchange.

                                                                Situs Sarana Pelaporan Elektronik (SPE) dengan Surat No. 012/Corsec-SSMS/III/2024,
                                                                situs web Bursa Efek Indonesia, eAsy.KSEI, dan situs web Perseroan (www.ssms.co.id).
 Pengumuman                                19 Maret 2024
 Announcement                              March 19, 2024       Website of Electronic Reporting Facility (SPE) with Letter No. 012/Corsec-SSMS/III/2024,
                                                                Indonesia Stock Exchange website, eAsy.KSEI, and Company’s website
                                                                (www.ssms.co.id).

                                                                Situs Sarana Pelaporan Elektronik (SPE) dengan Surat No.016/Corsec-SSMS/IV/2024,
                                                                situs web Bursa Efek Indonesia, eAsy.KSEI, dan situs web Perseroan (www.ssms.co.id).
 Pemanggilan                                3 April 2024
 Invitations                                April 3, 2024       Website of Electronic Reporting Facility (SPE) with Letter No.016/Corsec-SSMS/
                                                                IV/2024, Indonesia Stock Exchange website, eAsy.KSEI, and Company’s website
                                                                (www.ssms.co.id).

                                                                Sarana Pelaporan Elektronik Terintegrasi Emiten Publik melalui Surat
                                                                No. 024/Corsec-SSMS/IV/2024 yang disampaikan kepada Otoritas Jasa Keuangan dan
 Penyampaian Ringkasan Risalah RUPS         29 April 2024       Bursa Efek Indonesia serta melalui situs web Perseroan.
 Submission of Summary of GMS Minutes       April 29, 2024      Integrated Electronic Reporting Facility of Public Issuers through Letter
                                                                No. 024/Corsec-SSMS/IV/2024 submitted to Financial Services Authority and Indonesia
                                                                Stock Exchange and through Company’s website.

                                                                Sarana Pelaporan Elektronik Terintegrasi Emiten Publik melalui Surat
                                                                No. 032/Corsec-SSMS/V/2024 yang disampaikan kepada Otoritas Jasa Keuangan dan
 Penyampaian Risalah/Berita Acara RUPS      20 Mei 2024         Bursa Efek Indonesia serta melalui situs web Perseroan.
 Submission of Minutes/Deeds of GMS         May, 20, 2024       Integrated Electronic Reporting Facility of Public Issuers through Letter
                                                                No. 032/Corsec-SSMS/V/2024 submitted to Financial Services Authority and Indonesia
                                                                Stock Exchange and through Company’s website.




Kehadiran RUPS Tahunan dan RUPS Luar Biasa
Attendance at Annual GMS and Extraordinary GMS

       Dewan Komisaris / Board of Commissioners                         Direksi / Board of Directors                    Undangan / Invitee

 Komisaris Utama                                                     Direktur Utama                                        Akhmad Faisyal
                             : Prof. Dr. Ir. Bungaran Saragih                           : Jap Hartono
 President Commissioner                                              President Director
 Komisaris Independen
                             : Hoesen
 Independent Commssioner
 Komisaris
                             : Ir. Rimbun Situmorang
 Commssioner




156                                                                                                                              Laporan Tahunan 2024
Page 159
                                                                                                                       Tata Kelola Perusahaan
                                                                                                                         Corporate Governance




                               Pemegang Saham / Shareholders

 RUPS Tahunan / Annual GMS                         RUPS Luar Biasa / Extraordinary GMS                Pihak Independen / Independent Parties
 Pemegang Saham dan perwakilan/kuasa yang          Pemegang Saham dan perwakilan/kuasa yang           • Aulia Taufani, SH (Notaris/ Notary)
 mewakili 6.767.318.841 saham atau 71,05%          mewakili 6.767.305.641 saham atau 71,05%           • Purwantono, Sungkoro & Surja (Kantor
 dari total saham dengan hak suara yang telah      dari total saham dengan hak suara yang telah         Akuntan Publik / Public Accounting Firm)
 dikeluarkan Perseroan.                            dikeluarkan Perseroan.                             • PT Datindo Entrycom (Biro Administrasi
 Shareholders and representatives/proxies of       Shareholders and representatives/proxies of          Efek/ Securities Administration Bureau)
 6,767,318,841 shares or 71.05% of total shares    6,767,305,641 shares or 71.05% of total shares
 with voting rights issued by the Company.         with voting rights issued by the Company.



Mata Acara RUPS Tahunan dan RUPS Luar Biasa
Meeting Agenda of Annual GMS and Extraordinary GMS

                                                         RUPS Tahunan / Annual GMS

 1.   Persetujuan dan pengesahan Laporan Tahunan dan Laporan               1.   Approval and Ratification of Annual Report and Annual Financial
      Keuangan Tahunan tahun buku 2023 serta pemberian pelunasan                Statements for fiscal year 2023 and granting full release and
      dan pembebasan tanggung jawab sepenuhnya (acquit et de charge)            discharge (acquit et de charge) to the Board of Directors and Board of
      kepada Direksi dan Dewan Komisaris.                                       Commissioners.
 2.   Persetujuan penggunaan laba bersih Perseroan tahun buku 2023.        2.   Approval of the use of Company’s net profit for fiscal year 2023.
 3.   Penetapan remunerasi bagi anggota Direksi dan Dewan Komisaris        3.   Remuneration determination for members of the Company’s Board
      Perseroan.                                                                of Directors and Board of Commissioners.
 4.   Persetujuan penunjukan akuntan publik dan/atau kantor akuntan        4.   Approval of the appointment of public accountant and/or public
      publik untuk tahun buku 2024.                                             accounting firm for fiscal year 2024.

                                                    RUPS Luar Biasa / Extraordinary GMS

 Penerimaan pengunduran diri anggota Direksi Perseroan dan persetujuan     Acceptance of resignation of members of the Company’s Board of
 perubahan susunan Direksi Perseroan.                                      Directors and approval of changes to the composition of Company’s Board
                                                                           of Directors.




Hasil Keputusan RUPS Tahunan
Resolutions of Annual GMS

                                        Keputusan / Resolutions                                                      Realisasi / Realization

 Mata Acara 1 / Meeting Agenda 1

 1.   Menyetujui dan menerima Laporan Direksi, yaitu persetujuan mengenai Laporan Tahunan dan Laporan            Telah direalisasikan sepenuhnya.
      Keuangan Tahunan tahun buku 2023, termasuk Laporan Tugas Pengawasan Dewan Komisaris.                                 Fully realized.
 2.   Mengesahkan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal
      31 Desember 2023 yang telah diaudit oleh Kantor Akuntan Publik (KAP) Purwantono, Sungkoro &
      Surja sesuai dengan laporannya No. 00364/2.1032/AU.1/01/0687-4/1/III/2024 dengan opini wajar tanpa
      modifikasi (unqualified), serta memberikan pelunasan dan pembebasan sepenuhnya (volledig acquit et de
      charge) kepada setiap anggota Direksi dan Dewan Komisaris atas tindakan pengurusan dan pengawasan
      yang telah dijalankan selama tahun buku yang berakhir pada tanggal 31 Desember 2023 sejauh tindakan
      tersebut tercermin dalam Laporan Keuangan Perseroan, kecuali perbuatan penggelapan, penipuan dan
      tindak pidana lainnya.
 1.   Approved and accepted the Board of Directors’ report, namely approval of Annual Report and Annual
      Financial Statements for fiscal year 2023, including Board of Commissioners Supervisory Task Report.
 2.   Ratified the Company’s Financial Statements for fiscal year ending December 31, 2023,
      audited by Public Accounting Firm (KAP) Purwantono, Sungkoro & Surja through its report
      No. 00364/2.1032/AU.1/01/0687-4/1/III/2024 with unqualified opinion, and granted full release
      and discharge (volledig acquit et de charge) to each member of the Board of Directors and Board of
      Commissioners for the management and supervision actions carried out throughout the fiscal year
      ending December 31, 2023 to the extent that such actions were reflected in the Company’s Annual
      Report, unless embezzlement, fraud, and other criminal acts.

 Mata Acara 2 / Meeting Agenda 2

 Menyetujui penggunaan laba bersih Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember             Telah direalisasikan sepenuhnya.
 2023 sebesar Rp518.314.064.000,- untuk dimasukkan sebagai cadangan lainnya yang akan menambah saldo                       Fully realized.
 laba ditahan.
 Approved the use of Company’s net profit for fiscal year ending December 31, 2023 in the amount of
 Rp518,314,064,000 to be included as other reserves which will add to the balance of retained earnings.




2024 Annual Report                                                                                                                                157
Page 160
     PT Sawit Sumbermas Sarana Tbk.




                                        Keputusan / Resolutions                                                     Realisasi / Realization

Mata Acara 3 / Meeting Agenda 3

Menyetujui pendelegasian kewenangan kepada Dewan Komisaris untuk menetapkan gaji dan/atau                        Telah direalisasikan sepenuhnya.
tunjangan Direksi dan Dewan Komisaris dengan memperhatikan rekomendasi dari Komite Nominasi dan                            Fully realized.
Remunerasi.
Approved the delegation of authority to the Board of Commissioners to determine the salaries and/or
allowances of the Board of Directors and Board of Commissioners by considering the recommendations of
the Nomination and Remuneration Committee.

Mata Acara 4 / Meeting Agenda 4

Menyetujui untuk memberikan wewenang dan kuasa kepada Dewan Komisaris Perseroan untuk menunjuk                   Telah direalisasikan sepenuhnya.
kantor akuntan publik Independen, untuk melakukan audit Laporan Keuangan Perseroan tahun buku yang                Berdasarkan Keputusan Dewan
berakhir pada tanggal 31 Desember 2024, serta menetapkan biaya audit dan persyaratan lainnya, termasuk           Komisaris tanggal 25 April 2024,
untuk menunjuk kantor akuntan publik pengganti, apabila kantor akuntan publik yang telah ditunjuk tidak        Perseroan menunjuk Kantor Akuntan
dapat melanjutkan atau melaksanakan tugasnya karena sebab apa pun berdasarkan peraturan perundangan.           Publik Purwantono, Sungkoro & Surja
Approved to grant authority and power to the Company’s Board of Commissioners to appoint an independent         (E&Y) untuk melakukan audit atas
Public Accounting Firm to audit the Company’s Financial Statements for fiscal year ending December 31,          Laporan Keuangan dan buku-buku
2024, and to determine the audit fees and other requirements, including to appoint a replacement Public        Perseroan untuk tahun yang berakhir
Accounting Firm, if the appointed Public Accounting Firm cannot continue or carry out its duties for any         pada tanggal 31 Desember 2024.
reason based on laws and regulations.                                                                           Fully realized. Based on Resolutions
                                                                                                               of the Board of Commissioners dated
                                                                                                               April 25, 2024, the Company appointed
                                                                                                                Public Accounting Firm Purwantono,
                                                                                                                Sungkoro & Surjo (E&Y) to audit the
                                                                                                                  Company’s Financial Statements
                                                                                                                and books for the fiscal year ending
                                                                                                                         December 31, 2024.



Hasil Keputusan RUPS Luar Biasa
Resolutions of Extraordinary GMS

                                        Keputusan / Resolutions                                                     Realisasi / Realization

Mata Acara 1 / Meeting Agenda 1

1.    Menerima pengunduran diri Bapak Nasarudin bin Nasir selaku Direktur Utama Perseroan, Bapak Jap             Telah direalisasikan sepenuhnya.
      Hartono selaku Direktur Perseroan, dan Bapak Syafril Harahap selaku Direktur Perseroan, ketiganya                    Fully realized.
      terhitung efektif sejak tanggal rapat dengan ucapan terima kasih dan penghargaan sebesar-besarnya
      atas kinerja terbaik yang telah diberikan selama ketiganya menjabat sebagai anggota Direksi Perseroan.
      Selanjutnya memberikan pelunasan serta pembebasan tanggung jawab sepenuhnya (acquit et de charge)
      kepada Bapak Nasarudin bin Nasir, Bapak Jap Hartono, dan Bapak Syafril Harahap atas pengurusan
      yang telah dijalankan sejak ketiganya menjabat sebagai anggota Direksi Perseroan hingga ditutupnya
      Rapat ini, sejauh tindakan pengurusan dan pengawasan tersebut tercermin dalam buku-buku Perseroan
      dan bukan merupakan tindak pidana.
2.    Menyetujui untuk mengangkat Bapak Jap Hartono sebagai Direktur Utama Perseroan untuk masa
      jabatan efektif sejak ditutupnya rapat ini hingga RUPS Tahunan Perseroan di tahun 2029 dengan tidak
      menutup hak Pemegang Saham Perseroan untuk dapat sewaktu-waktu memberhentikan Direksi
      Perseroan tersebut.
3.    Menyetujui untuk mengangkat Bapak Akhmad Faisyal sebagai Direktur Perseroan untuk masa jabatan
      efektif sejak ditutupnya rapat ini hingga RUPS Tahunan Perseroan di tahun 2029 dengan tidak menutup
      hak Pemegang Saham Perseroan untuk dapat sewaktu-waktu memberhentikan Direksi Perseroan
      tersebut.

      Sehubungan dengan keputusan mata acara rapat ini, maka susunan anggota Dewan Komisaris dan
      Direksi Perseroan terhitung sejak ditutupnya rapat sebagai berikut.
      Dewan Komisaris
      Komisaris Utama               : Prof. Dr. Ir. Bungaran Saragih
      Komisaris Independen          : Hoesen
      Komisaris 		                  : Ir. Rimbun Situmorang
      Direksi
      Direktur Utama		              : Jap Hartono
      Direktur 		                   : Akhmad Faisyal
4.    Menyetujui pemberian kuasa dan wewenang kepada anggota Direksi Perseroan dengan hak substitusi
      untuk menyatakan keputusan Rapat tersebut dalam akta notaris dan selanjutnya memberitahukan
      perubahan susunan anggota Direksi Perseroan tersebut kepada Menteri Hukum dan Hak Asasi Manusia
      serta mendaftarkan pada Daftar Perusahaan sesuai dengan peraturan perundangan yang berlaku.




158                                                                                                                            Laporan Tahunan 2024
Page 161
                                                                                                                        Tata Kelola Perusahaan
                                                                                                                          Corporate Governance




                                         Keputusan / Resolutions                                                     Realisasi / Realization

 1.   Accepted the resignation of Mr. Nasarudin bin Nasir as the Company’s President Director, Mr. Jap
      Hartono as the Company’s Director, and Mr. Syafril Harahap as the Company’s Director, all three
      effective as of the meeting date with the highest gratitude and appreciation for the best performances
      provided by all three when serving as members of the Company’s Board of Directors. Next, granted full
      release and discharge (volledig acquit et de charge) to Mr. Nasarudin bin Nasir, Mr. Jap Hartono, and
      Mr. Syafril Harahap for the management conducted when they served as members of the Company’s
      Board of Directors until the closing of this Meeting, to the extent that the management and supervision
      actions were reflected in the Company’s books and do not constitute a criminal act.
 2.   Approved the appointment of Mr. Jap Hartono as the Company’s President Director for an effective
      term of office from the closing of this meeting until the Company’s Annual GMS in 2029 without closing
      the rights of Company’s Shareholders to dismiss the Company’s Directors.
 3.   Approved the appointment of Mr. Akhmad Faisyal as the Company’s Director for an effective term of
      office from the closing of this meeting until the Company’s Annual GMS in 2029 without closing the rights
      of Company’s Shareholders to dismiss the Company’s Directors.

      In connection with the resolution of this meeting agenda, the composition of members of the Company’s
      Board of Commissioners and Board of Directors since the closing of the meeting is as follows.
      Board of Commissioners
      President Commissioner          : Prof. Dr. Ir. Bungaran Saragih
      Independent Commissioner : Hoesen
      Commissioner 		                 : Ir. Rimbun Situmorang
      Board of Directors
      President Director		            : Jap Hartono
      Director 		                     : Akhmad Faisyal
 4.   Approved to grant power and authority to members of the Company’s Board of Directors with the right of
      substitution to state the resolutions of the Meeting in a Notary Deed and subsequently notify the changes
      in the composition of members of the Company’s Board of Directors to the Minister of Law and Human
      Rights and register it in the Company Register in accordance with the applicable statutory regulations.




Keputusan dan Realisasi atas Keputusan RUPS Tahun 2023
Resolutions and Realization of 2023 GMS Resolutions

RUPS Tahunan 8 Mei 2023
Annual GMS May 8, 2023

                                         Keputusan / Resolutions                                                     Realisasi / Realization

 Mata Acara 1 / Meeting Agenda 1

 1.   Menyetujui dan menerima Laporan Direksi, yaitu persetujuan mengenai Laporan tahunan dan Laporan             Telah direalisasikan sepenuhnya.
      Keuangan Tahunan tahun buku 2022, termasuk Laporan Tugas Pengawasan Dewan Komisaris.                                  Fully realized.
 2.   Mengesahkan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember
      2022 yang telah diaudit oleh Kantor Akuntan Publik (KAP) Purwanto, Sungkoro & Surja sesuai dengan
      laporannya No. 00422/2.1032/AU.1/01/0687-2/1/III/2023 dengan opini wajar dalam semua hal yang
      material.
 3.   Memberikan pelunasan dan pembebasan sepenuhnya (volledig acquit et de charge) kepada setiap anggota
      Direksi dan Dewan Komisaris atas tindakan pengurusan dan pengawasan yang telah dijalankan selama
      tahun buku yang berakhir pada tanggal 31 Desember 2022 sejauh tindakan tersebut tercermin dalam
      Laporan Keuangan Perseroan, kecuali perbuatan penggelapan, penipuan, dan tindak pidana lainnya.
 1.   Approved and accepted the Board of Directors’ Report, namely approval of the Annual report and Annual
      Financial Report for fiscal Year 2022, including the Board of Commissioners Supervisory Task Report.
 2.   Ratified the Company’s Financial Statements for fiscal year ending December 31, 2022 which
      had been audited by Purwanto, Sungkoro & Surja Public Accounting Firm through its report
      No. 00422/2.1032/AU.1/01/0687-2/1/III/2023 with fair opinions in all material respects.
 3.   Granted full release and discharge (volledig acquit et de charge) for each member of the Board of
      Commissioners and Board of Directors for the management and supervisory actions performed during
      fiscal year ending December 31, 2022, to the extent that such actions were reflected in the Company’s
      Financial Statements, unless embezzlement, fraud, and other criminal acts.




2024 Annual Report                                                                                                                               159
Page 162
     PT Sawit Sumbermas Sarana Tbk.




                                       Keputusan / Resolutions                                                        Realisasi / Realization

Mata Acara 2 / Meeting Agenda 2

Menyetujui penggunaan laba bersih Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember               Telah direalisasikan sepenuhnya.
2022 sebesar Rp1.848.118.978.000,- untuk digunakan sebagai berikut.                                             Perseroan telah membagikan dividen
1. Sebesar Rp369.623.795.600,- atau 20% dari laba bersih akan disisihkan sebagai cadangan wajib.                 interim pada 28 Oktober 2022 dan
2. Sebesar Rp710.985.556.400,- atau sejumlah Rp74,64,- per saham atau 38,00% dari laba bersih                      dividen tunai pada 8 Juni 2023.
    didistribusikan sebagai dividen interim kepada Pemegang Saham secara proporsional sesuai persentase           Fully realized. The Company has
    kepemilikan sahamnya. Adapun dividen interim ini telah didistribusikan kepada Pemegang Saham pada              distributed interim dividends on
    tanggal 28 Oktober 2022, sesuai dengan ketentuan dalam Anggaran Dasar Perseroan dan Peraturan                October 28, 2022 and cash dividends
    Pasar Modal.                                                                                                           on June 8, 2023.
3. Sebesar Rp710.985.556.400,- atau sejumlah Rp74,64,- per saham atau 38,00% dari laba bersih
    didistribusikan sebagai dividen tahunan kepada Pemegang Saham secara proporsional sesuai
    persentase kepemilikan sahamnya. Berdasarkan ketentuan yang berlaku di Pasar Modal, yang berhak
    atas dividen tunai adalah Pemegang Saham yang namanya tercatat dalam Daftar Pemegang Saham
    tanggal 19 Mei 2023 pukul 16.00 WIB. Adapun pembayaran dividen tunai akan dilakukan pada 8 Juni
    2023; dan
4. Sisa dari laba bersih Perseroan, yaitu sebesar Rp56.524.069.600,- akan dimasukkan sebagai cadangan
    lainnya yang akan menambah saldo laba ditahan.
Approved the use of Company’s net profit for fiscal year ending December 31, 2022 in the amount of
Rp1,848,118,978,000 to be used as follows:
1. An amount of Rp369,623,795,600 or 20% of the net profit will be set aside as a mandatory reserve.
2. An amount of Rp710,985,556,400 or Rp74,64 per share or 38% of the net profit is distributed as interim
    dividends to the Shareholders proportionally according to their percentage of share ownership. This
    interim dividends has been distributed to the Shareholders on October 28, 2022, in accordance to the
    provisions in the Company’s Articles of Association and Capital Market regulations.
3. An amount of Rp710,985,556,400 or Rp74,64 per share or 38% of the net profit is distributed as annual
    dividends to the Shareholders proportionally according to their percentage of share ownership. Based
    on the provisions in force in the capital market, those entitled to cash dividends are Shareholders whose
    names are registered in the Register of Shareholders on May 19, 2023, at 04.00 PM. The cash dividend
    payment will be made on June 8, 2023; and
4. The remainder of Company’s net profit, in the amount of Rp56,524,069,600 will be included as other
    reserves which will add to the balance of retained earnings.

Mata Acara 3 / Meeting Agenda 3

Menyetujui untuk memberikan wewenang dan kuasa kepada Dewan Komisaris Perseroan untuk menunjuk                     Telah direalisasikan sepenuhnya.
kantor akuntan publik independen untuk melakukan audit Laporan Keuangan Perseroan tahun buku yang                   Berdasarkan Keputusan Dewan
berakhir pada tanggal 31 Desember 2023, serta menetapkan biaya audit dan persyaratan lainnya, termasuk              Komisaris tanggal 29 Mei 2023,
untuk menunjuk kantor akuntan publik pengganti, apabila kantor akuntan publik yang telah ditunjuk tidak          Perseroan menunjuk Kantor Akuntan
dapat melanjutkan atau melaksanakan tugasnya karena sebab apa pun berdasarkan peraturan perundangan.             Publik Purwantono, Sungkoro & Surja
Approved to grant authority and power to the Company’s Board of Commissioners to appoint an independent           (E&Y) untuk melakukan audit atas
public accounting firm to audit the Company’s Financial Statements for fiscal year ending 31 December 2023,       Laporan Keuangan dan buku-buku
and to determine audit fees and other requirements, including to appoint a replacement public accounting         Perseroan untuk tahun yang berakhir
firm, if the appointed public accounting firm cannot continue or carry out its duties for any reason based on      pada tanggal 31 Desember 2023.
laws and regulations.                                                                                            Fully realized. Based on Resolutions of
                                                                                                                the Board of Commissioners dated May
                                                                                                                29, 2023, the Company appointed Public
                                                                                                                Accounting Firm Purwantono, Sungkoro
                                                                                                                  & Surjo (E&Y) to audit the Company’s
                                                                                                                Financial Statements and books for the
                                                                                                                 fiscal year ending December 31, 2023.



RUPS Luar Biasa dan Independen 5 Desember 2023
Extraordinary and Independent GMS December 5, 2023

                                       Keputusan / Resolutions                                                        Realisasi / Realization

Mata Acara 1 / Meeting Agenda 1

1.    Mengangkat kembali Komisaris Utama Perseroan, yaitu Bapak Prof. Dr. Ir. Bungaran Saragih untuk            Telah direalisasikan sepenuhnya pada
      masa jabatan sesuai dengan ketentuan yang diatur dalam Anggaran Dasar Perseroan;                               tanggal 20 Desember 2023.
2.    Memberikan persetujuan untuk menerima, mengakui, meratifikasi dan mengesahkan seluruh tindakan-           Fully realized on December 20, 2023.
      tindakan yang diambil oleh Bapak Prof. Dr. Ir. Bungaran Saragih sebagai Komisaris Utama Perseroan
      sejak RUPS Tahunan tahun buku 2022 hingga ditutupnya rapat ini, sejauh tindakan pengurusan dan
      pengawasan tersebut tercermin dalam buku-buku Perseroan dan bukan merupakan tindak pidana.

      Sehubungan dengan keputusan tersebut, maka susunan anggota Direksi dan Dewan Komisaris
      Perseroan menjadi sebagai berikut.
      Dewan Komisaris
      Komisaris Utama             : Prof. Dr. Ir. Bungaran Saragih
      Komisaris Independen        : Hoesen
      Komisaris 		                : Ir. Rimbun Situmorang
      Direksi		
      Direktur Utama		            : Nasarudin bin Nasir
      Direktur 		                 : Jap Hartono
      Direktur 		                 : Muhammad Syafril Harahap




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                                        Keputusan / Resolutions                                                     Realisasi / Realization

 3.   Pengangkatan sebagaimana dimaksud dalam poin 1, tidak menutup hak Pemegang Saham Perseroan
      untuk dapat sewaktu-waktu memberhentikan anggota Dewan Komisaris dan Direksi Perseroan
      tersebut.
 4.   Memberikan kuasa kepada setiap anggota Direksi dengan hak substitusi untuk menyatakan keputusan
      Rapat tersebut dalam akta notaris dan selanjutnya memberitahukan perubahan susunan anggota
      Direksi Perseroan tersebut kepada Menteri Hukum dan Hak Asasi Manusia serta mendaftarkan pada
      Daftar Perusahaan sesuai dengan peraturan perundangan yang berlaku.
 1.   Reappointed the Company’s President Commissioner, Mr. Bungaran Saragih for a term of office
      according to the provisions in the Company’s Articles of Association;
 2.   Approved to accept, recognize, and ratify all acts performed by Mr. Bungaran Saragih as President
      Commissioner of the Company since the Annual GMS for 2022 fiscal year until the closing of this
      meeting, to the extent that the management and supervision actions were reflected in the Company’s
      books and do not constitute a criminal act.

      In connection with this decision, the composition of the members of the Company’s Board of Directors
      and Commissioners is as follows.
      Board of Commissioners
      President Commissioner         : Prof. Dr. Ir. Bungaran Saragih
      Independent Commissioner : Hoesen
      Commissioner 		                : Ir. Rimbun Situmorang
      Board of Directors		
      President Director		           : Nasarudin bin Nasir
      Director 		                    : Jap Hartono
      Director 		                    : Muhammad Syafril Harahap
 3.   The appointment as referred to in point 1 above does not close the rights of Company’s Shareholders to
      be able to dismiss members of Company’s Board of Commissioners and Board of Directors at any time.
 4.   Granted power of attorney to each member of Directors with the right of substitution to state
      the resolutions of the Meeting in a notary deed and subsequently notify the changes in the composition
      of the members of Company’s Board of Directors to the Minister of Law and Human Rights and register
      them in Company Register in accordance with the applicable statutory regulations.

 Mata Acara 2 / Meeting Agenda 2

 1.   Menyetujui penyelesaian utang PT Citra Borneo Indah (CBI) kepada Perseroan dengan melakukan              Telah direalisasikan sepenuhnya pada
      penyerahan saham PT Citra Borneo Utama Tbk (CBUT) dalam satu tahapan atas saham yang dimiliki                 tanggal 20 Desember 2023.
      oleh CBI kepada Perseroan di mana transaksi penyelesaian utang tersebut merupakan Transaksi              Fully realized on December 20, 2023.
      Afiliasi sebagaimana dimaksud dalam Peraturan Otoritas Jasa Keuangan No.42/ POJK.04/2020 tentang
      Transaksi Afiliasi dan Transaksi Benturan Kepentingan dan merupakan Transaksi Material sebagaimana
      dimaksud dalam Peraturan Otoritas Jasa Keuangan No. 17/POJK.04/2020 tentang Transaksi Material
      dan Perubahan Kegiatan Usaha.
 2.   Memberikan persetujuan dan kewenangan kepada Direksi Perseroan, dengan hak substitusi, sesuai
      dengan Anggaran Dasar Perseroan, untuk membuat, melaksanakan, menandatangani dan/atau
      menyerahkan serta melaksanakan setiap perjanjian-perjanjian dan tindakan-tindakan yang diperlukan
      sehubungan dengan transaksi penyelesaian utang serta seluruh dokumen yang terkait dengan transaksi
      penyelesaian utang tersebut, termasuk seluruh perubahan dan tambahan atasnya dengan syarat dan
      ketentuan yang dianggap baik oleh Direksi Perseroan.
 1.   Approved the debt settlement of PT Citra Borneo Indah (CBI) to the Company by handing over shares
      of PT Citra Borneo Utama Tbk (CBUT) in one stage for the shares owned by CBI to the Company
      whereby the transaction of debt settlement constitutes Affiliate Transactions as referred to in the
      Financial Services Authority Regulation No. 42/POJK.04/2020 regarding Affiliate and Conflict of
      Interest Transactions and are Material Transactions as referred to in the Financial Services Authority
      No. 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities.
 2.   Granted approval and authority to the Company’s Board of Directors with the right of substitution
      according to the Company’s Articles of Association to create, implement, sign and/or submit and carry
      out every agreement and actions required in connection with the debt settlement transaction and all
      related documents with the debt settlement transaction, including all changes and additions to it with
      terms and conditions deemed appropriate by the Company’s Board of Directors.




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Dewan Komisaris
                                                                               Board of Commissioners


Dewan Komisaris merupakan organ perusahaan yang                   The Board of Commissioners is a company organ
bertanggung jawab mengawasi jalannya perusahaan dan               responsible for overseeing company operations and ensuring
memastikan pengelolaan oleh Direksi berjalan sesuai dengan        the management conducted by the Board of Directors is in line
prinsip GCG dan tujuan yang telah ditetapkan. Selain itu, Dewan   with the GCG principles and stipulated objectives. In addition
Komisaris memberikan arahan, saran, dan rekomendasi               the Board of Commissioners provide direction, suggestions, and
kepada Direksi untuk mendukung keberlanjutan usaha dan            recommendations to the Board of Directors to support business
kepentingan Pemegang Saham.                                       continuation and Shareholders’ interests.



Pedoman Kerja                                                     Work Guidelines

Perseroan memiliki Piagam Dewan Komisaris yang ditetapkan         The Company has a Board of Commissioners Charter
pada 10 April 2019 sebagai pedoman untuk meningkatkan             established on April 10, 2019 as guidelines to improve
efektivitas pengawasan dan pelaksanaan tugas Dewan                the effectiveness of supervision and implementation of duties
Komisaris. Piagam ini disusun berdasarkan peraturan yang          of the Board of Commissioners. This Charter is prepared
berlaku, termasuk Peraturan Otoritas Jasa Keuangan dan            based on applicable regulations, including Financial Services
praktik terbaik (best practices), serta ditinjau secara berkala   Authority Regulation and best practices, reviewed periodically
dan bersifat mengikat bagi seluruh anggota Dewan Komisaris.       and binding for all members of the Board of Commissioners.
Piagam Dewan Komisaris juga telah dipublikasi di situs web        The Board of Commissioners Charter has also been published
Perseroan untuk memastikan keterbukaan dan aksesibilitas.         in the Company’s website to ensure openness and accessibility.



Kriteria Pengangkatan                                             Appointment Criteria

Dewan Komisaris diangkat oleh RUPS berdasarkan kriteria           The Board of Commissioners was appointed by GMS based
yang ditetapkan dalam Peraturan Otoritas Jasa Keuangan            on the criteria established in the Financial Services Authority
No. 33/POJK.04/ 2014 tentang Direksi dan Dewan Komisaris          Regulation No. 33/POJK.04/2014 concerning Board of Directors
Emiten atau Perusahaan Publik sebagai berikut.                    and Board of Commissioners of Issuers or Public Company as
                                                                  follows.
1. Memiliki akhlak, moral yang baik, dan integritas yang baik,    1. Having good moral and integrity as well as legal capacity to
   serta cakap melakukan perbuatan hukum.                              take any legal action.
2. Dalam 5 tahun sebelum pengangkatan dan selama                  2. Within 5 years prior to appointment and during the term of
   menjabat:                                                           office:
   a. Tidak pernah dinyatakan pailit;                                  a. Never been declared bankrupt;
   b. Tidak pernah menjadi anggota Direksi dan/atau                    b. Never been a member of the Board of Directors and/or
       anggota Dewan komisaris yang dinyatakan bersalah                     member of Board of Commissioners declared guilty for
       menyebabkan suatu perusahaan dinyatakan pailit;                      causing a bankruptcy of a company;
   c. Tidak pernah dihukum karena melakukan tindak pidana              c. Never been sentenced for a crime causing state’s
       yang merugikan keuangan negara dan/atau yang                         financial loss and/or related to financial sector;
       berkaitan dengan sektor keuangan;
   d. Tidak pernah menjadi anggota Direksi dan/atau anggota           d. Never been a member of the Board of Directors and/or
       Dewan komisaris yang selama menjabat:                             Board of Commissioners who during the term of office:
       1) Pernah tidak menyelenggarakan RUPS tahunan;                    1) Ever failed to convene an Annual GMS;
       2) Pertanggungjawabannya sebagai anggota Direksi                  2) His/her accountability report as member of
           dan/atau anggota Dewan komisaris pernah tidak                    the Board of Directors and/or member of
           diterima oleh RUPS atau pernah tidak memberikan                  the Board of Commissioners rejected by the GMS
           pertanggungjawaban sebagai anggota Direksi dan/                  or never submit accountability report as member of
           atau anggota Dewan komisaris kepada RUPS;                        the Board of Directors and/or member of the Board
                                                                            of Commissioners to GMS;




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       3) Pernah menyebabkan perusahaan yang memperoleh                           3) Ever caused a company with license, approval, or
          izin, persetujuan, atau pendaftaran dari Otoritas jasa                     registration from Financial Services Authority failed
          keuangan tidak memenuhi kewajiban menyampaikan                             to meet Annual Report and/or Financial Statements
          Laporan Tahunan dan/atau Laporan keuangan kepada                           obligation to the Financial Services Authority.
          Otoritas Jasa Keuangan.
3. Memiliki komitmen untuk mematuhi peraturan perundang-                 3. Committed to comply the laws and regulations; and
   undangan; serta
4. Memiliki pengetahuan dan/atau keahlian di bidang yang                 4. Has the knowledge and/or expertise in the field required by
   dibutuhkan Perseroan.                                                    the Company.



Masa Jabatan                                                             Term of Office

Masa jabatan anggota Dewan Komisaris Perseroan adalah 5                  The term of office of members of Company’s Board of
tahun, terhitung sejak pengangkatan hingga penutupan RUPS                Commissioners is 5 years, from the appointment until
Tahunan kelima, dan dapat diangkat kembali. Hak RUPS                     the closing of the fifth Annual GMS and can be reappointed.
untuk memberhentikan sewaktu-waktu tetap berlaku sesuai                  The right of GMS to dismiss them at any time still applies in
ketentuan yang berlaku. Ketentuan ini juga berlaku bagi                  accordance with applicable regulations. This provision also
Komisaris Independen yang diangkat melalui keputusan RUPS.               applies to Independent Commissioners who are appointed
                                                                         pursuant to a GMS decision.



Komposisi dan Independensi                                               Composition and Independence

Komposisi                                                                Composition
Dewan Komisaris Perseroan terdiri dari 3 anggota, yakni                  The Company’s Board of Commissioners consists of 3 members:
Komisaris Utama, Komisaris, dan Komisaris Independen.                    President Commissioner, Commissioner, and Independent
Komposisi ini sesuai dengan ketentuan yang berlaku dan tidak             Commissioner. This composition is in line with the applicable
melebihi jumlah anggota Direksi. Seluruh anggota Dewan                   regulation and not exceeding the number of Board of Directors.
Komisaris juga telah lulus uji kelayakan dan kepatutan (fit              All members of the Board of Commissioners have also passed
and proper test), serta memiliki integritas, kompetensi, dan             the fit and proper test, and have the integrity, competence, and
reputasi yang memadai. Sepanjang tahun 2024, susunan Dewan               adequate reputation. Throughout 2024, there was no change to
Komisaris tidak mengalami perubahan.                                     the composition of the Board of Commissioners.


Informasi lengkap mengenai komposisi Dewan Komisaris                     Complete information on the composition of the Board of
disajikan dalam tabel berikut.                                           Commissioners is presented in the below table.


          Nama               Jabatan                   Dasar Pengangkatan                        Masa Jabatan           Periode Jabatan
          Name               Position                      Legal Basis                           Term of Office              Period

                                            Akta No. 18 Tanggal 5 Desember 2023 yang            5 Desember 2023-
                          Komisaris Utama   dibuat oleh Notaris Aulia Taufani, SH.
 Prof. Dr. Ir. Bungaran                                                                        RUPS Tahunan 2028          Periode ketiga
                          President
 Saragih                                    Deed No. 18 dated December 5, 2023 made by         December 5, 2023 -           3rd period
                          Commissioner
                                            Notary Aulia Taufani, SH.                           2028 Annual GMS

                          Komisaris         Akta No. 65 Tanggal 30 September 2022 yang          22 Oktober 2022-
                          Independen        dibuat oleh Notaris Aulia Taufani, SH.             RUPS Tahunan 2027         Periode pertama
 Hoesen
                          Independent       Deed No. 65 dated September 30, 2022 made by        October 22, 2022 -          1st period
                          Commissioner      Notary Aulia Taufani, SH.                           2027 Annual GMS

                                            Akta No. 55 tanggal 28 Mei 2021 yang dibuat oleh     31 Agustus 2021-
                          Komisaris         Notaris Dr. Tintin Surtini SH, MH, MKn.             RUPS Tahunan 2026         Periode kedua
 Ir. Rimbun Situmorang
                          Commissioner      Deed No. 55 dated May 28, 2021 made by Notary      August 31, 2021 -2026        2nd period
                                            Dr. Tintin Surtini SH, MH, MKn.                        Annual GMS



Independensi                                                             Independence
Perseroan memastikan seluruh anggota Dewan Komisaris                     The Company ensures all Board of Commissioners members
melaksanakan tugas dan tanggung jawab secara independen                  carry out the duties and responsibilities independently
sesuai dengan Piagam Dewan Komisaris, menjunjung tinggi                  in accordance with the Board of Commissioners Charter,




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prinsip integritas, dan mengutamakan kepentingan perusahaan    upholding the integrity principle, and prioritizing the company
di atas kepentingan pribadi. Anggota Dewan Komisaris           interest before personal interest. Members of the Board of
juga telah menandatangani Pernyataan Komitmen/Pakta            Commissioners have also signed a Statement of Commitment/
Integritas yang mencerminkan kesungguhan dalam menjaga         Integrity Pact reflecting the sincerity in maintaining
profesionalisme sebagai landasan pengawasan operasional.       professionalism as the basis of operational supervision.



Rangkap Jabatan dan Benturan                                   Concurrent Positions and Conflict of
Kepentingan                                                    Interests

Sesuai dengan Pedoman GCG Perseroan, anggota Dewan             Following the Company’s GCG Guidelines, members of the
Komisaris dapat merangkap jabatan dalam beberapa fungsi        Board of Commissioners may hold concurrent positions in
berikut.                                                       some of the following functions.
1. Anggota Direksi maksimum pada 2 Perusahaan Publik lain.     1. Member of the Board of Directors in a maximum of 2 other
                                                                   Public Companies.
2. Anggota Dewan Komisaris maksimum pada 2 Perusahaan          2. Member of the Board of Commissioners in a maximum of
   Publik lain.                                                    2 other Public Companies.
3. Dalam hal anggota Dewan Komisaris tidak merangkap           3. If members of Board of Commissioners hold no concurrent
   jabatan sebagai Direksi sebagaimana dalam poin di atas,         position as Board of Directors as stated in the point above,
   maka anggota Dewan Komisaris juga dapat bertindak sebagai       members of Board of Commissioners can also act as Board
   anggota Dewan pada maksimum 4 Perusahaan Publik lain.           members in a maximum of 4 other public companies.
4. Anggota Komite paling banyak pada 5 Komite pada             4. Member of Committee can serve in a maximum of
   Perusahaan Publik lain di mana yang bersangkutan                5 Committees on other Public Companies where he/
   menjabat sebagai anggota Direksi atau Dewan Komisaris.          she acts as member of Board of Directors or Board of
                                                                   Commissioners.


Informasi mengenai rangkap jabatan anggota Dewan Komisaris     Information on concurrent positions of members of Board of
diungkapkan dalam Profil Dewan Komisaris pada bab Profil       Commissioners is disclosed in the Company profile chapter.
Perusahaan.


Di sisi lain, mencegah benturan kepentingan akibat rangkap     On the other hand, preventing conflict of interests from
jabatan serta menjaga independensi dan profesionalisme         concurrent positions, as well as maintaining independence
merupakan tanggung jawab setiap anggota Dewan Komisaris.       and professionalism is the responsibility of every member of
Oleh karena itu, anggota Dewan Komisaris wajib mematuhi        the Board of Commissioners. Therefore, members of Board of
ketentuan berikut.                                             Commissioners are required to comply the following provisions.
1. Menghindari posisi yang menempatkan kepentingan pribadi     1. Avoid position that put personal interests to conflict with
    bertentangan dengan kewajiban terhadap Perseroan.              obligations to the Company.
2. Melaporkan segera kepada Komisaris Utama dan                2. Immediately report to the President Commissioner and
    anggota Dewan Komisaris lainnya jika terdapat benturan         other member of the Board of Commissioners if there
    atau potensi benturan kepentingan, serta menyertakan           is a conflict or potential conflict of interests, and provide
    informasi relevan. Komisaris Utama wajib menyampaikan          relevant information. The President Commissioner must
    konflik tersebut kepada Direksi.                               inform such conflict to the Board of Directors.
3. Memperoleh persetujuan Dewan Komisaris sebelum              3. Obtain approval from the Board of Commissioners before
    melakukan      transaksi   yang   melibatkan   benturan        carrying out transaction involving conflict of interests, and
    kepentingan, serta memastikan kepatuhan terhadap               ensure regulatory compliance on affiliated parties and
    peraturan mengenai pihak terafiliasi dan transaksi             conflict of interest transactions.
    benturan kepentingan.
4. Tidak terlibat dalam pengambilan keputusan yang berkaitan   4. Not involved in the decision-making related to the conflict of
    dengan konflik kepentingan yang dimiliki.                     interests.



Prosedur Pengangkatan dan                                      Appointment and Dismissal Procedures
Pemberhentian

Anggota Dewan Komisaris diangkat melalui keputusan RUPS        Members of the Board of Commissioners are appointed by
untuk masa jabatan sejak pengangkatan hingga penutupan         GMS resolution for a term of office since the appointment to




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RUPS Tahunan kelima. RUPS berhak memberhentikan anggota                          the closing of the fifth Annual GMS. The GMS has the right to
Dewan Komisaris sewaktu-waktu dengan alasan yang jelas,                          dismiss members of the Board of Commissioners at any time with
setelah anggota yang bersangkutan diberi kesempatan hadir                        clear reason, after the concerned member is given the opportunity
dan membela diri dalam RUPS. Pemberhentian berlaku sejak                         to attend and defend his/herself at the GMS. The dismissal is
penutupan RUPS, kecuali ditentukan lain dalam rapat. Anggota                     effective since the closing of the GMS, unless stated otherwise at
Dewan Komisaris yang masa jabatannya telah berakhir dapat                        the meeting. Members of the Board of Commissioners whose term
diangkat kembali.                                                                of office has expired may be reappointed.




Tugas dan Tanggung Jawab serta Realisasinya
Duties and Responsibilities and their Realization

                           Uraian Tugas                                                               Realisasi Tahun 2024
                        Description of Duties                                                           2024 Realization

 Menyampaikan saran dan pendapat mengenai rencana pengembangan              Dewan Komisaris telah menyampaikan saran mengenai pengembangan
 Perseroan, Laporan Tahunan, dan laporan berkala lainnya dari Direksi       bisnis dan strategi mitigasi risiko dalam RUPS Tahunan pada 25 April 2024.
 dalam forum RUPS.                                                          Laporan Pengawasan Dewan Komisaris juga disusun dan diserahkan kepada
 Deliver suggestions and opinions regarding Company’s development           RUPS pada kesempatan yang sama.
 plan, Annual Report and other periodic reports from the Board of           The Board of Commissioners has delivered suggestions regarding business
 Directors in GMS forum.                                                    development and risk mitigation strategy in the Annual GMS, held on
                                                                            April 25, 2024. Also, the Supervisory Report of the Board of Commissioners
                                                                            has been prepared and submitted at the GMS on the same occasion.

 Memberikan pelaporan tentang tugas dan pengawasan yang telah               Tidak ditemukan indikasi kemunduran sepanjang tahun 2024. Namun,
 dilakukan selama tahun buku yang baru/lampau kepada RUPS                   laporan rutin mengenai kinerja operasional dan potensi risiko disampaikan
 disertai dengan saran dan langkah perbaikan yang harus ditempuh,           secara berkala kepada RUPS.
 apabila Perseroan menunjukkan gejala kemunduran.                           There was no indication of decline throughout 2024. However, the regular
 Provide report on the tasks and supervision that has been carried          reports on the operational performance and risk potentials are periodically
 out during the new/previous fiscal year to the GMS accompanied by          submitted at the GMS.
 suggestions and corrective steps to be taken, if Company shows signs
 of decline.

 Memberikan saran dan pendapat kepada RUPS mengenai setiap                  Dewan Komisaris memberikan saran terkait evaluasi kinerja proyek ekspansi
 persoalan lainnya yang dianggap penting bagi pengelolaan Perseroan.        dan efisiensi operasional. Isu-isu strategis juga dibahas dalam rapat Dewan
 Provide advice and opinions to GMS regarding any other issues              Komisaris sebelum RUPS berlangsung.
 deemed important for the management of Company.                            The Board of Commissioners provided advice regarding the evaluation of
                                                                            the expansion and operational efficiency project performance. Strategic
                                                                            issues were discussed as well in the Board of Commissioners meeting prior
                                                                            to the GMS was held.

 Mengesahkan Rencana Kerja dan Anggaran Perseroan yang                      Rencana Kerja dan Anggaran Perseroan disahkan dalam RUPS pada
 disampaikan Direksi dalam waktu selambat lambatnya 30 hari                 25 April 2024, sesuai dengan ketentuan yang berlaku. Proses pengesahan
 sebelum tahun buku baru dimulai.                                           mencakup evaluasi terhadap potensi risiko dan proyeksi keuangan Perseroan.
 Approve Company’s Work Plan and Budget submitted by Board of               The Company’s Work Plan and Budget approved at the GMS, held on
 Directors no later than 30 days before the start of the new fiscal year.   April 25, 2024, in accordance with the applicable regulation. The approval
                                                                            process include evaluation on the risk potentials and the Company’s financial
                                                                            projection.

 Sekurang-kurangnya melakukan tugas pengawasan lainnya yang                 Dewan Komisaris telah menjalankan pengawasan terhadap pelaksanaan
 ditentukan oleh RUPS.                                                      strategi ekspansi dan proyek-proyek investasi baru. Evaluasi rutin juga
 At least perform other supervisory duties determined by GMS.               dilakukan untuk memastikan operasional berjalan sesuai target.
                                                                            The Board of Commissioners has supervised the implementation of
                                                                            the expansion strategy and new investment projects. Also performed regular
                                                                            evaluations to ensure the operations run on target.

 Membuat Risalah Rapat Dewan Komisaris                                      Selama tahun 2024, Dewan Komisaris mengadakan 6 rapat internal dan rapat
 Create minutes of meetings of Board of Commissioners.                      gabungan dengan Direksi. Risalah rapat telah disusun dan didokumentasikan
                                                                            sebagai bagian dari komitmen transparansi dan akuntabilitas.
                                                                            Throughout 2024, the Board of Commissioners held 6 internal meetings and
                                                                            joint meetings with the Board of Directors. Minutes of meetings have been
                                                                            prepared and documented as part of the commitment to transparency and
                                                                            accountability.

 Melaporkan kepada Perseroan mengenai kepemilikan sahamnya dan              Tidak ada perubahan kepemilikan saham oleh anggota Dewan Komisaris
 atau keluarganya pada Perseroan dan pada perusahaan lain.                  selama tahun 2024. Laporan kepemilikan saham tetap disampaikan secara
 Report to Company regarding their and/or family’s share ownership in       rutin kepada Perseroan.
 Company and in other company.                                              There was no change in the ownership by members of the Board of
                                                                            Commissioners throughout 2024. The report of share ownership submitted
                                                                            periodically to the Company.




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                         Uraian Tugas                                                           Realisasi Tahun 2024
                      Description of Duties                                                       2024 Realization

 Membentuk paling kurang Komite Audit, sedangkan untuk Komite         Komite Audit serta Komite Nominasi dan Remunerasi telah dibentuk dan
 Nominasi dan Remunerasi, apabila tidak dibentuk, maka Dewan          aktif melaksanakan fungsi masing-masing. Komite Audit melakukan evaluasi
 Komisaris wajib melaksanakan fungsi nominasi dan remunerasi.         laporan keuangan secara triwulanan, sementara Komite Nominasi dan
 At least establish the Audit Committee, and if the Nomination and    Remunerasi mengevaluasi kinerja dan kebijakan remunerasi Direksi.
 Remuneration Committee is not established, Board of Commissioners    The Audit Committee and Nomination and Remuneration Committee were
 is required to carry out the nomination and remuneration function.   established and actively carrying out their respective functions. The Audit
                                                                      Committee evaluated the financial statements on quarterly basis, while
                                                                      Nomination and Remuneration Committee evaluated the performance and
                                                                      the remuneration policy of the Board of Directors.

 Memastikan bahwa komite-komite yang telah dibentuk oleh Dewan        Dewan Komisaris telah melaksanakan penilaian terhadap kinerja Komite Audit
 Komisaris menjalankan tugasnya secara efektif.                       serta Komite Nominasi dan Remunerasi, dengan hasil bahwa kedua komite
 Ensure the committees established by the Board of Commissioners      menjalankan tugasnya secara efektif dan sesuai target yang telah ditetapkan.
 are running their duties effectively.                                The Board of Commissioners had assessed the performances of the Audit
                                                                      Committee and Nomination and Remuneration Committee, and considered both
                                                                      committees have done their duties effectively and in line with the established
                                                                      targets.




Keputusan yang Memerlukan                                                  Decisions that Require Approval of the
Persetujuan Dewan Komisaris                                                Board Of Commissioners

Transaksi, tindakan, maupun keputusan yang memerlukan                      Transaction, action, or decision requiring written approval from
persetujuan tertulis dari Dewan Komisaris, antara lain:                    the Board of Commissioners, includes:
1. Rancangan Rencana Kerja dan Anggaran Perusahaan                         1. Company’s Work Plan and Budget (RKAP);
    (RKAP);
2. Rencana RUPS Tahun Buku 2024 yang diselenggarakan                       2. Plan of the GMS for Fiscal Year 2024 to be held on
    pada tanggal 25 April 2024;                                               April 25, 2024;
3. Rekomendasi penunjukan akuntan publik dan kantor                        3. Recommendation on the appointment of public accountant
    akuntan publik; serta                                                     and public accounting firm; and
4. Pergantian dan pengangkatan anggota Direksi.                            4. Replacement and appointment member of the Board of
                                                                              Directors.



Pendelegasian Wewenang Dewan                                               Delegation of Board of Commissioners
Komisaris                                                                  Authority

Pendelegasian wewenang oleh seorang anggota Dewan                          Delegation of authority given by a member of the Board of
Komisaris kepada anggota Dewan Komisaris lainnya dilakukan                 Commissioners to other members of the Board of Commissioners
melalui surat kuasa khusus sesuai kebutuhan. Meski demikian,               is carried out through a special power of attorney for such purpose.
pendelegasian ini tidak mengurangi tanggung jawab kolektif                 This delegation of authority does not abdicate the responsibility of
Dewan Komisaris atas pelaksanaan tugasnya.                                 the Board of Commissioners collectively.



Pembagian Tugas Dewan Komisaris                                            Division of Duties of the Board of
                                                                           Commissioners

Dewan Komisaris menetapkan pembagian tugas dan tanggung                    The Board of Commissioners independently establishes division
jawab secara mandiri di antara anggota. Fokus pengawasan                   of duties and responsibilities among members. The supervision
setiap anggota disesuaikan dengan peran sebagai Ketua                      focus of each member is adjusted to the role as Chairman or Vice
atau Wakil Ketua Komite Penunjang Dewan Komisaris,                         Chairman of Supporting Committee of Board of Commissioners,
berdasarkan kompetensi dan pengalaman masing-masing                        based on respective competence and experience to ensure
untuk memastikan efektivitas pengawasan dan kelancaran tata                effectiveness of supervision and smooth corporate governance.
kelola perusahaan.


Sebagai pemimpin dan koordinator utama, Komisaris Utama                    As the leader and lead coordinator, President Commissioner has
berperan penting dalam memastikan tugas dan tanggung                       an important role to ensure the duties and responsibilities of the
jawab Dewan Komisaris berjalan sesuai dengan prinsip GCG.                  Board of Commissioners are running in line with GCG principles.




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Adapun tugas dan tanggung jawab Komisaris Utama Perseroan                          The duties and responsibilities of President Commissioners of
meliputi:                                                                          the Company include:
1. Mengoordinasikan pelaksanaan tugas dan tanggung jawab                           1. Coordinating the implementation of duties and
   Dewan Komisaris;                                                                    responsibilities of the Board of Commissioners;
2. Mengusulkan pelaksanaan rapat Dewan Komisaris,                                  2. Proposing the implementation of Board of Commissioners
   termasuk menyusun agenda rapat;                                                     meeting, including preparing the meeting agenda;
3. Melakukan pemanggilan dan memimpin rapat Dewan                                  3. Inviting and leading Board of Commissioners meeting; and
   Komisaris; serta
4. Memastikan hasil rapat dan rekomendasi Dewan                                    4. Ensuring the meeting results and recommendation of Board
   Komisaris diimplementasikan oleh Direksi, sejalan dengan                           of Commissioners are implemented by Board of Directors,
   kepentingan Perseroan dan Pemegang Saham.                                          in line with the interests of the Company and Shareholders.


Dengan pembagian tugas yang jelas dan peran Komisaris Utama                        With clear division of duties and the President Commissioner
sebagai koordinator, Dewan Komisaris dapat menjalankan                             as coordinator, the Board of Commissioners can perform
fungsinya secara lebih efektif dan terarah, mendukung                              its functions more effectively and focused, supporting
pertumbuhan berkelanjutan Perseroan melalui pengawasan                             the Company’s continuous growth through strict supervision
yang ketat dan pengambilan keputusan yang tepat.                                   and right decision-making.



Program Pengenalan Perusahaan                                                      Company Induction Program

Program Pengenalan Perusahaan dirancang untuk membekali                            The Company Induction Program is designed to provide new
anggota Dewan Komisaris baru dengan wawasan mendalam                               members of the Board of Commissioners with in-depth insight
mengenai aktivitas bisnis, rencana strategis, dan tanggung                         on the business activities, strategic plan, and responsibilities
jawab Dewan Komisaris. Perseroan mendukung program ini                             of the Board of Commissioners. The Company supports this
dengan menyediakan berbagai dokumen penting, seperti Laporan                       program by providing various important documents, such as
Tahunan, Rencana Kerja dan Anggaran Perusahaan, Anggaran                           Annual Report, Company’s Work Plan and Budget, Articles
Dasar, serta dokumen perencanaan jangka panjang lainnya.                           of Association, and other long-term planning documents.
Program ini diharapkan dapat mempercepat adaptasi anggota                          This program is expected to accelerate the adaptation of
Dewan Komisaris baru sehingga mampu berkontribusi secara                           new members of the Board of Commissioners, so they can
efektif dalam pengambilan keputusan strategis. Pada tahun                          effectively contribute in the strategic decision-making. In 2024,
2024, Perseroan tidak melaksanakan program tersebut karena                         the Company did not hold this program as the composition of
komposisi Dewan Komisaris tidak mengalami perubahan.                               the Board of Commissioners has not changed.



Program Pengembangan Kompetensi                                                    Competency Development Program

Perseroan mendukung pengembangan kompetensi Dewan                                  The Company supports the competency development of Board
Komisaris guna meningkatkan efektivitas dalam menjalankan                          of Commissioners to improve the effectiveness in carrying out
tugas dan tanggung jawab melalui kegiatan pelatihan, workshop,                     the duties and responsibilities through trainings, workshops,
seminar, konferensi, kunjungan kerja, dan studi banding                            seminars, conferences, work visits, and comparative studies
(benchmark). Partisipasi Dewan Komisaris dalam program ini                         (benchmark). The participation of the Board of Commissioners
selama tahun 2024 diungkapkan sebagai berikut.                                     in this program throughout 2024 is disclosed below.


    Nama dan Jabatan                     Materi Pendidikan/Pelatihan                   Tempat/Tanggal                    Penyelenggara
    Name and Position                    Education/Training Material                     Venue/Date                        Organizer

                                                                                                             Media Perkebunan & Perkumpulan Praktisi
                                                                                           Bandung,
                                  Simposium Internasional Ganoderma                                          Profesional Perkebunan Indonesia (P3PI)
                                                                                       30-31 Januari 2024
                                  International Seminar on Ganoderma                                         Plantation Media & Association of Indonesia
                                                                                       January 30-31, 2024
                                                                                                             Plantation Professional Practitioners (P3PI)

 Prof. Dr. Ir. Bungaran Saragih                                                                              Kementerian       Koordinator   Bidang
                                                                                             Jakarta,
 Komisaris Utama                  Indonesia Internasional Sustainability                                     Kemaritiman dan Investasi
                                                                                       5-6 September 2024
 President Commissioner           Indonesia International Sustainability                                     Coordinating Ministry of Maritime and
                                                                                       September 5-6, 2024
                                                                                                             Investment Affairs

                                                                                            Bangkok,
                                  Partner for the Next 20: Innovating for impact      11-13 November 2024    Roundtable on Sustainable Palm Oil (RSPO)
                                                                                      November 11-13, 2024




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    Nama dan Jabatan                    Materi Pendidikan/Pelatihan                   Tempat/Tanggal                  Penyelenggara
    Name and Position                   Education/Training Material                     Venue/Date                      Organizer

                                  Prospek Ekonomi Indonesia di Era Pemerintahan
                                  Baru (Tantangan, Peluang, dan Catatan)                  Jakarta,
                                  Indonesia’s Economic Prospects in the New             30 Mei 2024      Jesuit Indonesia
                                  Government Era (Challenges, Opportunities,            May 30, 2024
                                  and Notes)
 Ir. Rimbun Situmorang
 Komisaris                                                                              Yogyakarta,
                                  Seminar dan Penganugerahan TOP 100 BPR 2024
 Commissioner                                                                           21 Juni 2024     The Finance
                                  Seminar and Awarding of TOP 100 BPR 2024
                                                                                       June 21, 2024

                                  Workshop Penetapan Struktur Remunerasi BPR         Pangkalan Bun,
                                  Workshop on the Determination of BPR            11-13 Desember 2024    Mandiri Consulting
                                  Remuneration Structure                          December 11-13, 2024




Rapat                                                                         Meetings

Rapat Internal Dewan Komisaris                                                Board of Commissioners Internal Meeting
Berdasarkan Anggaran Dasar Perseroan, Dewan Komisaris                         Based on the Company’s Articles of Association, the Board
wajib melaksanakan rapat internal sekurang-kurangnya 1                        of Commissioners is required to held an internal meeting at
kali setiap 2 bulan. Pemberitahuan rapat disampaikan melalui                  least once every 2 months. Notice of meetings shall be sent
surat elektronik terdaftar atau langsung kepada setiap anggota                through registered electronic mail or directly to each member
Dewan Komisaris, minimal tujuh hari sebelum rapat, tidak                      of the Board of Commissioners, at least seven days prior to
termasuk tanggal pemberitahuan dan tanggal rapat.                             the meeting, excluding the notification date and meeting date.


Rapat internal Dewan Komisaris dapat diadakan secara fisik                    Board of Commissioners Internal Meeting can be held either
atau non-fisik melalui telekonferensi, video konferensi, atau                 physical or non-physical through teleconference, video
media elektronik lainnya. Jika anggota Dewan Komisaris                        conference, or other electronic media. If a member of the Board
berhalangan hadir, mereka dapat menunjuk anggota lain                         of Commissioners unable to attend, he/she can appoint other
sebagai perwakilan dengan surat kuasa khusus.                                 member as representative with a special power of attorney.


Agenda rapat Dewan Komisaris tahun 2024 telah ditetapkan                      The 2024 Board of Commissioners meeting agenda has been
dalam program kerja Dewan Komisaris tahun 2023. Sepanjang                     established in the 2023 Board of Commissioners work program.
tahun 2024, Perseroan telah melaksanakan 6 kali rapat internal                Throughout 2024, the Company has held 6 internal meetings
dengan tingkat kehadiran dan agenda sebagai berikut.                          with the following attendance rate and agenda.


                                                                                                                            Tingkat Kehadiran
             Nama                              Jabatan                     Total Rapat             Total Kehadiran
                                                                                                                             Attendance Rate
             Name                              Position                   Total Meeting            Total Attendance
                                                                                                                                   (%)

                                    Komisaris Utama
 Prof. Dr. Ir. Bungaran Saragih                                                   6                       6                        100,00
                                    President Commissioner

                                    Komisaris Independen
 Hoesen                                                                           6                       6                        100,00
                                    Independent Commissioner

                                    Komisaris
 Ir. Rimbun Situmorang                                                            6                       6                        100,00
                                    Commissioner



Rapat Gabungan Dewan Komisaris dengan Direksi                                 Board of Commissioners Joint Meetings with Board of
                                                                              Directors
Sesuai Anggaran Dasar Perseroan, rapat gabungan Dewan                         In accordance with the Company’s Articles of Association,
Komisaris dengan Direksi wajib dilaksanakan secara berkala                    the joint meetings of Board of Commissioners with the Board
paling sedikit 1 kali dalam 4 bulan. Agenda rapat tahun 2024                  of Directors is held periodically at least once in 4 months.
telah ditetapkan dalam program kerja Dewan Komisaris tahun                    The 2024 meeting agenda has been established in the 2023
2023. Sepanjang tahun 2024, Perseroan telah melaksanakan                      Board of Commissioners work program. Throughout 2024,
6 kali rapat gabungan dengan tingkat kehadiran dan agenda                     the Company has held 6 joint meetings with the following
sebagai berikut.                                                              attendance rate and agenda.




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                                                                                                                                                    Tingkat Kehadiran
                    Nama                                    Jabatan                      Total Rapat              Total Kehadiran
                                                                                                                                                     Attendance Rate
                    Name                                    Position                    Total Meeting             Total Attendance
                                                                                                                                                           (%)

                                              Komisaris Utama
     Prof. Dr. Ir. Bungaran Saragih                                                              6                           6                            100,00
                                              President Commissioner

                                              Komisaris Independen
     Hoesen                                                                                      6                           6                            100,00
                                              Independent Commissioner

                                              Komisaris
     Ir. Rimbun Situmorang                                                                       6                           6                            100,00
                                              Commissioner

     Rata-Rata Kehadiran Dewan Komisaris
                                                                                                                                                          100,00
     Average Attendance of Board of Commissioners

     Jap Hartono*                                                                                6                           6                            100,00
                                              Direktur Utama
                                              President Director
     Nasarudin bin Nasir**                                                                       2                           2                            100,00

                                              Direktur
     Akhmad Faisyal*                                                                             4                           4                            100,00
                                              Director

                                              Direktur
     Muhammad Syafril Harahap**                                                                  2                           2                            100,00
                                              Director

     Rata-Rata Kehadiran Direksi
                                                                                                                                                          100,00
     Average Attendance of Board of Directors

     Rata-Rata Kehadiran Dewan Komisaris dan Direksi
                                                                                                                                                          100,00
     Average Attendance of Board of Commissioners and Board of Directors

*)
      Efektif menjabat sejak ditutupnya RUPS Luar Biasa 25 April 2024. / Effectively serving since the closing of Extraordinary GMS, April 25, 2024.
**)
      Efektif menjabat hingga ditutupnya RUPS Luar Biasa 25 April 2024. / Effectively serving until the closing of Extraordinary GMS, April 25, 2024.



Agenda
Agenda

                    Tanggal
                                                                                                             Agenda
                     Date

                26 Maret 2024                     Pembahasan Laporan Keuangan Tahun Buku per 31 Desember 2023.
                March 26, 2024                    Discussion of Financial Statement of Fiscal Year per December 31, 2023.

                 19 April 2024                    Pembahasan Persiapan PRA RUPS Tahunan dan RUPS Luar Biasa 2024.
                 April 19, 2024                   Discussion of Preparation for PRE-Annual GMS and Extraordinary GMS 2024.

                 24 April 2024                    Pembahasan Kinerja Triwulan 1 (Performance Q1) 2024.
                 April 24, 2024                   Discussion of Performance Q1 2024.

                28 Agustus 2024                   Pembahasan Kinerja Keuangan Tengah Tahun (Performance Q2) 2024.
                August 28, 2024                   Discussion of Mid-Year Financial Performance Q2 2024.

               28 Oktober 2024                    Pembahasan Laporan Keuangan Triwulan 3 (Performance Q3) 2024.
               October 28, 2024                   Discussion of Financial Performance Q3 2024.

              16 Desember 2024                    Pemaparan Rencana Kerja dan Anggaran Tahun 2025 PT Sawit Sumbermas Sarana Tbk.
              December 16, 2024                   Presentation of 2025 Work Plan and Budget of PT Sawit Sumbermas Sarana Tbk.

Catatan / Note :
Agenda rapat gabungan sama dengan agenda rapat internal Dewan Komisaris.
Joint meeting agenda is the same as Board of Commissioners internal meeting agenda.




Penilaian Kinerja                                                                               Performance Assessment

Pelaksaan, Prosedur, dan Kriteria                                                               Implementation, Procedure, and Criteria
Penilaian kinerja Dewan Komisaris dilakukan berdasarkan                                         The performance assessment of the Board of Commissioners
kriteria yang disusun secara mandiri oleh Dewan Komisaris.                                      is conducted based on the criteria independently established by
Penilaian ini dilaksanakan setiap akhir tahun buku, dan hasilnya                                the Board of Commissioners. This assessment is carried out at
disampaikan dalam RUPS.                                                                         the end of every fiscal year and the results are submitted at the GMS.




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Kriteria penilaian mencakup unsur-unsur yang telah disepakati   The assessment criteria include the elements already agreed in
dalam Rencana Kerja Tahunan (RKT), meliputi:                    the Annual Work Plan (RKT), as follows:
1. Tingkat kehadiran dalam rapat;                               1. Attendance rate in meetings;
2. Kontribusi di dalam proses pengambilan keputusan;            2. Contributions in the decision-making process;
3. Keterlibatan dalam penugasan tertentu; serta                 3. Involvement in certain assignments; and
4. Komitmen untuk memajukan kepentingan Perseroan.              4. Commitment to prioritize the Company’s interests.


Hasil Penilaian                                                 Assessment Results
Berdasarkan hasil penilaian kinerja tahun 2024, Dewan           Based on the 2024 performance assessment result, the Board
Komisaris dinyatakan telah menjalankan tugas dan tanggung       of Commissioners is considered to have carried out the duties
jawab sesuai ketentuan yang berlaku. Hasil penilaian ini        and responsibilities according to the applicable provisions.
menjadi dasar untuk:                                            The assessment results are used as the basis to:
1. Memberikan pelunasan dan pembebasan sepenuhnya               1. Give full release and discharge (volledig acquit et de charge);
    (volledig acquit et de charge);
2. Menentukan struktur dan besaran remunerasi Dewan             2. Determine the remuneration structure and amount for the
    Komisaris; serta                                               Board of Commissioners; and
3. Menetapkan langkah perbaikan yang perlu dilakukan oleh       3. Determine the corrective steps to be taken by the Board of
    Dewan Komisaris untuk periode selanjutnya.                     Commissioners for the subsequent period.



Penilaian Kinerja Komite Penunjang                              Performance Assessment of Supporting
Dewan Komisaris                                                 Committee of the Board of Commissioners

Pelaksaan, Prosedur, dan Kriteria Penilaian                     Implementation, Procedure, and Criteria
Dewan Komisaris secara berkala menilai efektivitas kinerja      The    Board     of   Commissioners     periodically   assess
komite penunjang, yaitu Komite Audit serta Komite Nominasi      the performance effectiveness of its supporting committees,
dan Remunerasi. Penilaian dilakukan secara individual maupun    namely the Audit Committee and the Nomination and
kolektif setiap tahun melalui self-assessment dengan metode     Remuneration Committee. The assessment in done individually
evaluasi yang ditetapkan dalam Keputusan Dewan Komisaris.       and collectively every year through self-assessment with
Kriteria penilaian tersebut, meliputi:                          evaluation method set out in Board of Commissioners’ Decree.
                                                                The assessment criteria include:
1. Pelaksanaan tugas dan tanggung jawab selama tahun 2024;      1. Implementation of duties and responsibilities in 2024;
2. Tingkat kehadiran dalam masing-masing rapat komite;          2. Attendance rate in each committee meeting;
3. Kemampuan bekerja sama dan berkomunikasi secara aktif        3. Ability to cooperate and communicate actively among
   sesama anggota Komite;                                           Committee members;
4. Integritas;                                                  4. Integrity;
5. Kemampuan memahami Visi, Misi, dan Rencana Strategis         5. Ability to understand the Company’s Vision, Mission, and
   Perseroan; serta                                                 Strategic Plan; and
6. Kualitas atas saran/rekomendasi yang diberikan terkait       6. Quality of suggestions/recommendations given regarding
   program kerja masing-masing Komite Penunjang Dewan               the work program of each Supporting Committee of the
   Komisaris.                                                       Board of Commissioners.


Hasil Penilaian                                                 Assessment Results
Hasil penilaian kinerja tahun 2024 menunjukkan bahwa            The 2024 performance assessment results show the
Komite Audit serta Komite Nominasi dan Remunerasi telah         Audit Committee and the Nomination and Remuneration
menjalankan tugas dan tanggung jawab dengan baik. Komite        Committee have done their duties and responsibilities well.
Audit mendukung Dewan Komisaris dalam memantau                  The Audit Committee supported the Board of Commissioners
perencanaan dan pelaksanaan audit, serta menilai kecukupan      in monitoring the plan and implementation of audit, as well
pengendalian internal. Sementara itu, Komite Nominasi dan       as assessing the adequacy of internal control. Meanwhile,
Remunerasi membantu Dewan Komisaris dalam menganalisis          the Nomination and Remuneration Committee assisted the
data calon anggota Direksi yang memenuhi syarat, serta          Board of Commissioners in analyzing the eligible prospective
mengusulkan sistem remunerasi yang sesuai.                      members of the Board of Directors, and proposing the
                                                                appropriate remuneration system.




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Komisaris Independen                                             Independent Commissioner

Komisaris Independen adalah anggota Dewan Komisaris yang         An independent commissioner is a member of the Board of
tidak memiliki hubungan finansial, kepengurusan, kepemilikan     Commissioners with no financial, managerial, share ownership,
saham, atau hubungan keluarga dengan pemegang saham              or familial relationships with the major shareholder, members
utama, anggota Direksi, maupun anggota Dewan Komisaris           of the Board of Directors, or other members of the Board of
lainnya. Pada tahun 2024, Perseroan memiliki 1 Komisaris         Commissioners. In 2024, the Company had 1 Independent
Independen dari total 3 anggota Dewan Komisaris. Komposisi ini   Commissioner from a total of 3 members of the Board of
telah memenuhi ketentuan Peraturan Otoritas Jasa Keuangan        Commissioners. This composition fulfilled the provision of
No. 33/POJK.04/2014, yang mewajibkan minimal 30% dari total      Financial Services Authority Regulation No. 33/POJK.04/2014,
anggota Dewan Komisaris adalah Komisaris Independen.             that required a minimum of 30% of the total members of
                                                                 the Board of Commissioners as Independent Commissioner.


Bapak Hoesen, selaku Komisaris Independen Perseroan,             Mr. Hoesen, the Company’s Independent Commissioner, has
telah memenuhi seluruh kriteria sesuai dengan regulasi yang      fulfilled all of the criteria according to the prevailing regulations,
berlaku, meliputi:                                               including:
1. Bukan merupakan orang yang bekerja atau mempunyai             1. Not a person who works or has the authority and
    wewenang dan tanggung jawab untuk merencanakan,                   responsibility to plan, lead, control, or supervise
    memimpin, mengendalikan, atau mengawasi kegiatan                  the Company’s activities within the last 6 months, except for
    Perseroan dalam waktu 6 bulan terakhir, kecuali untuk             reappointment as Independent Commissioner;
    pengangkatan kembali sebagai Komisaris Independen pada
    periode berikutnya;
2. Tidak mempunyai saham, baik langsung maupun tidak             2. Does not own shares either directly or indirectly in the
    langsung pada Perseroan;                                        Company;
3. Tidak mempunyai hubungan afiliasi dengan Perseroan,           3. Has no affiliation with the Company, either with members
    baik anggota Dewan Komisaris, anggota Direksi, Pemegang         of the Board of Commissioners, members of the Board of
    Saham Utama/Saham Mayoritas, atau Pemegang Saham                Directors, Major Shareholders, or Controlling Shareholders
    Pengendali Perseroan; serta                                     of the Company; and
4. Tidak mempunyai hubungan usaha, baik langsung maupun          4. Does not have a business relationship either directly or
    tidak langsung, yang berkaitan dengan kegiatan usaha            indirectly related to the Company’s business activities.
    Perseroan.


Pernyataan Independensi Komisaris Independen                     Statement of Independence of Independent Commissioner
Bapak Hoesen telah menjabat sebagai Komisaris Independen         Mr. Hoesen has served as an Independent Commissioner
2 periode berturut-turut dan telah menandatangani surat          for 2 consecutive periods and has signed the Statement of
pernyataan Independen.                                           Independence.




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Direksi
                                                                                             Board of Directors


Direksi bertanggung jawab mengelola perusahaan agar berjalan     The Board of Directors is responsible to manage the company in
sesuai prinsip GCG dan mencapai tujuan yang telah ditetapkan.    line with GCG principles and achieved the established objectives.
Direksi juga merumuskan strategi dan kebijakan operasional       The Board of Directors also formulates the operational strategies
untuk memastikan pertumbuhan dan keberlanjutan usaha,            and policies to ensure business growth and continuation, as
serta menjalankan tugas dengan memperhatikan arahan              well as carrying out its duties by considering the directives and
dan rekomendasi dari Dewan Komisaris demi kepentingan            recommendations from the Board of Commissioners for the
Pemegang Saham dan pemangku kepentingan lainnya.                 interests of the Shareholders and other stakeholders.



Pedoman Kerja                                                    Work Guidelines

Perseroan memiliki Piagam Direksi yang ditetapkan pada           The Company has a Board of Directors Charter established
10 April 2019 sebagai pedoman untuk meningkatkan efektivitas     on April 10, 2019 as guidelines to improve effectiveness of
pelaksanaan tugas dan tanggung jawab Direksi dalam               implementation of duties of the Board of Directors in managing
mengelola perusahaan. Piagam ini disusun berdasarkan             the company. This Charter is prepared based on applicable
peraturan yang berlaku, termasuk Peraturan Otoritas Jasa         regulations, including Financial Services Authority Regulation
Keuangan dan praktik terbaik (best practices), serta ditinjau    and best practices, reviewed periodically and is binding for all
secara berkala dan bersifat mengikat bagi seluruh anggota        members of the Board of Directors. The Board of Directors
Direksi. Piagam Direksi juga telah dipublikasi di situs web      Charter has also been published in the Company’s website to
Perseroan untuk memastikan keterbukaan dan aksesibilitas.        ensure openness and accessibility.



Kriteria Pengangkatan                                            Appointment Criteria

Direksi diangkat oleh RUPS berdasarkan kriteria yang             The Board of Directors was appointed by GMS based on
ditetapkan dalam Peraturan Otoritas Jasa Keuangan                the criteria established in the Financial Services Authority
No. 33/POJK.04/ 2014 tentang Direksi dan Dewan Komisaris         Regulation No. 33/POJK.04/2014 concerning Board of Directors
Emiten atau Perusahaan Publik sebagai berikut.                   and Board of Commissioners of Issuers or Public Company as
                                                                 follows.
1. Memiliki akhlak, moral yang baik, dan integritas yang baik,   1. Having good moral and integrity as well as legal capacity to
   serta cakap melakukan perbuatan hukum.                             take any legal action.
2. Dalam 5 tahun sebelum pengangkatan dan selama                 2. Within 5 years prior to the appointment and during the term
   menjabat:                                                          of office:
   a. Tidak pernah dinyatakan pailit;                                 a. Never been declared bankrupt;
   b. Tidak pernah menjadi anggota Direksi dan/atau                   b. Never been a member of the Board of Directors and/or
       anggota Dewan komisaris yang dinyatakan bersalah                   member of Board of Commissioners declared guilty for
       menyebabkan suatu perusahaan dinyatakan pailit;                    causing a bankruptcy of a company;
   c. Tidak pernah dihukum karena melakukan tindak pidana             c. Never been sentenced for a crime causing state’s
       yang merugikan keuangan negara dan/atau yang                       financial loss and/or related to financial sector;
       berkaitan dengan sektor keuangan;
   d. Tidak pernah menjadi anggota Direksi dan/atau anggota          d. Never been a member of the Board of Directors and/
       Dewan komisaris yang selama menjabat:                            or member of Board of Commissioners who during
                                                                        the term of office:
        1) Pernah tidak menyelenggarakan RUPS tahunan;                  1) Ever failed to convene an Annual GMS;
        2) Pertanggungjawabannya sebagai anggota Direksi                2) His/her accountability report as member of
           dan/atau anggota Dewan komisaris pernah tidak                    the Board of Directors and/or member of the Board
           diterima oleh RUPS atau pernah tidak memberikan                  of Commissioners rejected by the GMS or never
           pertanggungjawaban sebagai anggota Direksi dan/                  submit accountability report as member of the
           atau anggota Dewan komisaris kepada RUPS; serta                  Board of Directors and/or member of the Board of
                                                                            Commissioners to GMS; and




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       PT Sawit Sumbermas Sarana Tbk.




       3) Pernah menyebabkan perusahaan yang memperoleh                                                    3) Ever caused a company with license, approval, or
          izin, persetujuan, atau pendaftaran dari Otoritas jasa                                              registration from Financial Services Authority failed
          keuangan tidak memenuhi kewajiban menyampaikan                                                      to meet Annual Report and/or Financial Statements
          Laporan Tahunan dan/ atau Laporan keuangan                                                          obligation to the Financial Services Authority.
          kepada Otoritas Jasa keuangan.
3. Memiliki komitmen untuk mematuhi peraturan perundang-                                        3. Committed to comply the laws and regulations; and
   undangan.
4. Memiliki pengetahuan dan/atau keahlian di bidang yang                                        4. Has the knowledge and/or expertise in the field required by
   dibutuhkan Perseroan.                                                                           the Company.



Masa Jabatan                                                                                    Term of Office

Aturan masa jabatan anggota Direksi Perseroan sebagai                                           The term of office of members of the Company’s Board of
berikut.                                                                                        Directors is as follows.
1. Masa jabatan anggota Direksi 5 tahun dengan tidak                                            1. The term of office for members of Board of Directors is
    mengurangi hak RUPS untuk memberhentikan sewaktu-                                               5 years without prejudice to the right of GMS to dismiss
    waktu.                                                                                          them at any time.
2. Anggota Direksi dapat diangkat kembali oleh RUPS untuk 1                                     2. Members of Board of Directors can be reappointed by GMS
    kali masa jabatan.                                                                              for 1 term of office.
3. Jabatan anggota Direksi akan berakhir, jika:                                                 3. The position of a member of Board of Directors will end if:
    a. Masa jabatan berakhir;                                                                       a. Term of office ends;
    b. Mengundurkan diri sesuai ketentuan yang berlaku;                                             b. Resign according to applicable regulations;
    c. Tidak lagi memenuhi persyaratan peraturan                                                    c. No longer fulfilling the requirements of the applicable
         perundang-undangan yang berlaku;                                                                laws and regulations;
    d. Meninggal dunia; serta                                                                       d. Passed away; and
    e. Diberhentikan berdasarkan keputusan RUPS.                                                    e. Dismissed based on GMS resolution.



Komposisi dan Independensi                                                                      Composition and Independence

Komposisi                                                                                       Composition
Direksi Perseroan terdiri dari 2 anggota, yakni Direktur Utama                                  The Company’s Board of Directors consists of 2 members:
dan Direktur. Seluruh anggota Direksi telah lulus uji kelayakan                                 President Director, and Director. All members of the Board
dan kepatutan (fit and proper test) serta memiliki integritas,                                  of Directors have passed the fit and proper test, and have
kompetensi, dan reputasi yang memadai. Pada tahun 2024,                                         the integrity, competence, and adequate reputation. In 2024,
terdapat perubahan dalam komposisi Direksi yang telah                                           there was a change in the composition of the Board of Directors,
dijelaskan dalam bagian Profil Direksi di bab Profil Perusahaan                                 as explained in the Profile of the Company’s Board of Directors
pada Laporan Tahunan ini.                                                                       in the Company Profile chapter in this Annual report.


Komposisi Direksi Perseroan                       per     31     Desember         2024          The composition of the Company’s Board of Directors as of
diungkapkan sebagai berikut.                                                                    December 31, 2024 is disclosed as follows.


               Nama                       Jabatan                          Dasar Pengangkatan                               Masa Jabatan             Periode Jabatan
               Name                       Position                             Legal Basis                                  Term of Office                Period

                                                             Akta No. 62 Tanggal 25 April 2024 yang dibuat                  25 April 2024-
                                    Direktur Utama           oleh Notaris Aulia Taufani, SH                               RUPS Tahunan 2029          Periode pertama
     Jap Hartono*
                                    President Director       Deed No. 62 Dated April 25, 2024 made by Notary              April 25, 2024-2029           1st Period
                                                             Aulia Taufani, SH                                               Annual GMS

                                                             Akta No. 62 Tanggal 25 April 2024 yang dibuat                  25 April 2024-
                                    Direktur                 oleh Notaris Aulia Taufani, SH                               RUPS Tahunan 2029          Periode pertama
     Akhmad Faisyal    *
                                    Director                 Deed No. 62 Dated April 25, 2024 made by Notary              April 25, 2024-2029           1st Period
                                                             Aulia Taufani, SH                                               Annual GMS

*)
     Efektif menjabat sejak ditutupnya RUPS Luar Biasa 25 April 2024 / Effectively serving since the closing of Extraordinary GMS, April 25, 2024.




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Independensi                                                      Independence
Perseroan memastikan seluruh anggota Direksi melaksanakan         The Company ensures all Board of Directors members carry
tugas dan tanggung jawab secara independen sesuai dengan          out the duties and responsibilities independently in accordance
Piagam Direksi, menjunjung tinggi prinsip integritas, dan         with the Board of Directors Charter, upholding the integrity
mengutamakan kepentingan perusahaan di atas kepentingan           principle, and prioritizing the company interest before personal
pribadi. Anggota Direksi juga telah menandatangani Pernyataan     interest. Members of the Board of Directors have also signed
Komitmen/Pakta Integritas yang mencerminkan kesungguhan           a Statement of Commitment/Integrity Pact reflecting sincerity
dalam menjaga profesionalisme sebagai landasan pengelolaan        in maintaining professionalism as the basis of operational
operasional.                                                      management.



Rangkap Jabatan dan                                               Concurrent Positions and
Benturan Kepentingan                                              Conflict of Interests

Sesuai dengan Pedoman GCG Perseroan, anggota Direksi dapat        Following the Company’s GCG Guidelines, members of
merangkap jabatan dalam beberapa fungsi berikut.                  the Board of Directors may hold concurrent positions in
                                                                  following functions.
1. Sebagai anggota Direksi paling banyak pada 1 Emiten atau       1. As member of the Board of Directors of a maximum of
   Perusahaan Publik lain.                                             1 Issuers or other Public Companies.
2. Sebagai anggota Dewan Komisaris paling banyak pada 3           2. As member of the Board of Commissioners of a maximum
   Emiten atau Perusahaan Publik lain.                                 of 3 Issuers or other Public Companies.
3. Sebagai anggota Komite paling banyak pada 5 Komite di          3. As Committee member of a maximum of 5 Committees in
   Emiten atau Perusahaan Publik di mana yang bersangkutan             Issuers or other Public Companies where he/she acts as a
   menjabat sebagai anggota Direksi atau Dewan Komisaris.              member of Board of Directors or Board of Commissioners.


Informasi mengenai rangkap jabatan anggota Direksi                Information regarding concurrent positions of members of the
diungkapkan dalam Profil Direksi pada bab Profil Perusahaan.      Board of Directors is disclosed in the Profile of the Company’s
                                                                  Board of Directors in the Company Profile chapter.


Di sisi lain, mencegah benturan kepentingan akibat rangkap        On the other hand, preventing conflict of interests from
jabatan serta menjaga independensi dan profesionalisme            concurrent positions, as well as maintaining independence
merupakan tanggung jawab setiap anggota Direksi. Oleh karena      and professionalism is the responsibility of every member of
itu, anggota Direksi wajib mematuhi ketentuan berikut.            the Board of Directors. Therefore, members of Board of
                                                                  Directors are required to comply the following provisions.
1. Menghindari posisi yang menempatkan kepentingan pribadi        1. Avoid position that put personal interests to conflict with
   bertentangan dengan kewajiban terhadap Perseroan.                  obligations to the Company.
2. Melaporkan segera kepada Direktur Utama dan anggota            2. Immediately report to President Director and other member
   Direksi lainnya jika terdapat benturan atau potensi benturan       of the Board of Directors if there is a conflict or potential
   kepentingan, serta menyertakan informasi relevan.                  conflict of interests, and provide relevant information.
3. Tidak terlibat dalam pengambilan keputusan yang berkaitan      3. Not involved in the decision-making related to the conflict of
   dengan konflik kepentingan yang dimiliki.                          interests.



Prosedur Pengangkatan dan                                         Appointment and Dismissal Procedures
Pemberhentian Direksi                                             of the Board of Directors

Anggota Direksi diangkat melalui keputusan RUPS untuk masa        Members of the Board of Directors are appointed by GMS
jabatan sejak pengangkatan hingga penutupan RUPS Tahunan          resolution for a term of office since the appointment to
kelima. RUPS berhak memberhentikan anggota Direksi                the closing of the fifth Annual GMS. The GMS has the right
sewaktu-waktu dengan alasan yang jelas, setelah anggota           to dismiss members of the Board of Directors at any time
yang bersangkutan diberi kesempatan hadir dan membela diri        with clear reason, after the concerned member is given
dalam RUPS. Pemberhentian berlaku sejak penutupan RUPS,           the opportunity to attend and defend his/herself at the GMS.
kecuali ditentukan lain dalam rapat. Anggota Direksi yang masa    The dismissal is effective since the closing of the GMS, unless
jabatannya telah berakhir dapat diangkat kembali.                 stated otherwise at the meeting. Members of the Board of
                                                                  Directors whose term of office has expired may be reappointed.




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  PT Sawit Sumbermas Sarana Tbk.




Tugas dan Tanggung Jawab serta Realisasinya
Duties and Responsibilities and their Realization
                         Uraian Tugas                                                                 Realisasi Tahun 2024
                      Description of Duties                                                             2024 Realization

Direksi bertanggung jawab penuh atas pengelolaan Perseroan.               Direksi menjalankan tugas dengan penuh tanggung jawab dalam mengelola
The Board of Directors is fully responsible for the management of the     Perseroan sesuai pedoman dan peraturan yang berlaku.
Company.                                                                  The Board of Directors carried out its duties with full responsibility in managing
                                                                          the Company according to the applicable guidelines and regulations.

Direksi menjalankan Perseroan sesuai dengan kewenangan dan                Direksi menjalankan kewenangannya sesuai Anggaran Dasar, kebijakan, dan
tanggung jawabnya sebagaimana didefinisikan dalam Anggaran Dasar          prosedur yang berlaku di semua lini perusahaan.
dan prosedur, kebijakan, dan pedoman terkait lainnya.                     The Board of Directors exercised its authority according to the Articles of
The Board of Directors run the Company according to its authority and     Association, policies, and procedures applicable in all Company’s lines.
responsibility as defined in the Articles of Association and any other
related procedures, policies and guidelines.

Anggota Direksi wajib menjalankan tugas dan kewenangannya dengan          Direksi menjalankan tugas dengan itikad baik dan profesional, sesuai dengan
itikad baik dan dengan penuh tanggung jawab.                              prinsip GCG.
Members of the Board of Directors shall run its duties and authorities    The Board of Directors run its duties in good faith and professionally,
in good faith and with full responsibility.                               in accordance with GCG principles.

Setiap anggota Direksi secara pribadi bertanggung jawab penuh atas        Direksi memastikan pengelolaan risiko berjalan optimal untuk mencegah
kerugian yang dialami oleh Perseroan jika dia salah atau lalai dalam      kerugian Perseroan, dan bertanggung jawab secara pribadi atas setiap
melaksanakan tugas.                                                       keputusan yang diambil.
Each Board of Directors member is personally fully responsible for any    The Board of Directors ensured the risk management run optimally to prevent
loss sustained by the Company when he/she is at fault or is negligent     Company loss, and personally responsible for every decision taken.
in performing duties.

Direksi bertanggung jawab dalam menerapkan prinsip-prinsip GCG            Direksi memastikan prinsip GCG diterapkan secara menyeluruh dalam setiap
dalam setiap aktivitas bisnis Perseroan di semua jenjang organisasi.      aktivitas dan pengambilan keputusan di seluruh jenjang organisasi.
The Board of Directors is responsible to apply the GCG principles in      The Board of Directors ensured the GCG principles were applied
every Company’s business activity at all levels of the organization.      comprehensively in every activity and decision-making at all levels of
                                                                          the organization.

Direksi harus menindaklanjuti temuan audit dan rekomendasi yang           Direksi mengadakan rapat berkala dengan Unit Audit Internal dan auditor
dibuat oleh unit kerja audit internal Perseroan dan auditor eksternal,    eksternal untuk membahas temuan, rekomendasi, serta prioritas tindakan
dan hasil pengawasan oleh Otoritas Jasa Keuangan dan/atau otoritas        yang harus diambil.
pengawas lainnya.                                                         The Board of Directors held regular meetings with Internal Audit Unit and
The Board of Directors shall follow up audit findings of and              external auditor to discuss the findings, recommendations, and priority of
recommendations made by the Company’s internal audit work unit            actions to be taken.
and external auditor, and supervision results by Financial Services
Authority and/or other overseeing authorities.

Direksi bertanggung jawab atas pelaksanaan tugasnya kepada                Direksi menyusun Laporan Tahunan dan Laporan Keberlanjutan yang memuat
Pemegang Saham dalam Rapat Umum Pemegang Saham.                           kinerja, rencana bisnis, serta capaian strategis perusahaan untuk disampaikan
The Board of Directors is accountable for the performance of its duties   kepada Pemegang Saham dan pemangku kepentingan lainnya dalam RUPS.
to the Shareholders in a General Meeting of Shareholders.                 Laporan ini mencakup informasi finansial, operasional, dan keberlanjutan yang
                                                                          komprehensif, disusun sesuai dengan standar akuntansi dan peraturan terkait,
                                                                          termasuk prinsip environment, social, and governance (ESG).
                                                                          The Board of Directors prepared the Annual Report and Sustainability Report
                                                                          containing the Company’s performances, business plans, and strategic achievements
                                                                          to be submitted to the Shareholders and other stakeholders at the GMS. These
                                                                          reports include comprehensive financial, operational, and sustainability information,
                                                                          organized according to accounting standards and related regulations, as well as
                                                                          the environment, social, and governance (ESG) principles.

Direksi memberikan data dan informasi yang akurat, relevan dan tepat      Direksi memberikan laporan berkala dan data kinerja yang akurat kepada
waktu kepada Dewan Komisaris.                                             Dewan Komisaris melalui rapat koordinasi.
The Board of Directors provide accurate, relevant and timely data and     The Board of Directors provide periodic reports and accurate performance
information to the Board of Commissioners.                                data to Board of Commissioners through coordination meetings.

Direksi bertanggung jawab atas informasi apa pun tentang Perseroan        Direksi bertanggung jawab penuh memastikan seluruh informasi yang
yang diumumkan oleh Perseroan.                                            diumumkan kepada publik, termasuk Laporan Keuangan dan Public Expose,
The Board of Directors is responsible for any information about           sudah melalui verifikasi dan sesuai prinsip GCG serta ketentuan keterbukaan
the Company made public by the Company.                                   informasi yang berlaku.
                                                                          The Board of Directors fully responsible in ensuring that all of the information
                                                                          made public, including the Financial Statements, have been verified and in
                                                                          accordance with the GCG principles and the applicable information disclosure
                                                                          provisions.




176                                                                                                                                   Laporan Tahunan 2024
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                                                                                                                   Corporate Governance




                         Uraian Tugas                                                         Realisasi Tahun 2024
                      Description of Duties                                                     2024 Realization

 Anggota Direksi melapor kepada Perseroan mengenai kepemilikan        Anggota Direksi melaporkan kepemilikan saham pribadi atau saham yang
 saham anggota atau anggota keluarganya di Perseroan atau             dimiliki oleh keluarga kepada perusahaan. Informasi ini disampaikan
 perusahaan lain untuk dicatat lebih lanjut dalam daftar khusus.      dalam Profil Perusahaan di Laporan Tahunan ini.
 Members of the Board of Directors shall report any ownership of      Members of the Board of Directors reported personal ownership of shares
 shares by member or family members in the Company or other           or shares owned by family members to the company. This information is
 companies for further recording in a special register.               presented in Company Profile of this Annual Report.

 Direksi harus mengembangkan dan mewujudkan pelaksanaan               Direksi mengembangkan dan mempromosikan Budaya Kepatuhan dengan
 Budaya Kepatuhan pada semua tingkat organisasi dan kegiatan          menerapkan pelatihan rutin, sosialisasi kebijakan, serta monitoring dan
 usaha Perseroan.                                                     evaluasi kepatuhan yang dilakukan secara berkala. Kepatuhan juga
 Board of Directors shall develop and realize the implementation of   tercermin dalam setiap aspek operasional perusahaan dan dievaluasi
 Compliance Culture at all levels of the organization and Company’s   melalui mekanisme audit internal serta eksternal.
 business activities.                                                 The Board of Directors developed and promoted Compliance Culture
                                                                      by implementing routine training, policy dissemination, and regular
                                                                      compliance monitoring and evaluation. Compliance is also reflected
                                                                      in every aspect of the company’s operation and evaluated through the
                                                                      mechanism of internal and external audits.




Wewenang Direksi                                                           Board of Directors Authority

Wewenang yang dimiliki oleh Direksi dalam mendukung                        The authorities that the Board of Directors has to support
pelaksanaan tugas dan tanggung jawabnya, antara lain:                      the implementation of its duties and responsibilities, includes:
1. Mendirikan suatu usaha atau turut serta mengambil saham                 1. To establish a business or participating in acquiring shares
    pada perusahaan lain baik di dalam maupun di luar negeri;                  in other company, both domestic and overseas;
2. Melepaskan hak atau menjadikan jaminan harta kekayaan,                  2. To release the rights or making collateral for assets, both
    baik barang bergerak maupun tidak bergerak milik                           movable and immovable property belonging to Company,
    Perseroan yang jumlahnya melebihi 10% dari keseluruhan                     which amount to more than 10% of the total issued and fully
    modal ditempatkan dan disetor penuh. Untuk pengecualian                    paid-up capital. For these exceptions, prior approval must
    tersebut, harus meminta persetujuan terlebih dahulu dari                   be obtained from Board of Commissioners;
    Dewan Komisaris;
3. Meminjam atau meminjamkan uang atas nama Perseroan                      3. To borrow or lend money on behalf of Company (excluding
    (tidak termasuk pengambilan uang Perseroan di bank)                       withdrawal of Company money at the bank) which amount
    yang jumlahnya melebihi 20% dari keseluruhan modal                        to more than 20% of the total issued and fully paid capital;
    ditempatkan dan disetor penuh; serta                                      and
4. Mengikat Perseroan sebagai penjamin yang jumlahnya                      4. To bind Company as a guarantor which amount to more than
    melebihi 10% dari keseluruhan modal ditempatkan dan                       10% of the total issued and fully paid capital.
    disetor penuh.



Pendelegasian Wewenang Direksi                                             Delegation of the Board of Directors
                                                                           Authority

Pendelegasian wewenang Direksi diatur dalam Pasal 14 ayat 6                The delegation of the Board of Directors authority is regulated in
Anggaran Dasar Perseroan, yang menyatakan bahwa Direksi                    Article 14 paragraph 6 of the Company’s Articles of Association,
dapat memberikan kuasa khusus kepada karyawan untuk                        stating that the Board of Directors may grant special authorities
melakukan tindakan hukum tertentu atas nama perusahaan.                    to employee to carry out certain legal actions on behalf of
Pemberian kuasa ini harus dituangkan dalam surat kuasa                     the company. This granting of authority must me stated in
yang berlaku hanya untuk tindakan tertentu. Pada tahun 2024,               a power of attorney that applies only to the specific action.
Direksi tidak melakukan pendelegasian wewenang untuk                       In 2024, the Board of Directors did not delegate authority for
tindakan hukum tertentu atau atas nama perusahaan.                         certain legal actions or on behalf of the company.




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   PT Sawit Sumbermas Sarana Tbk.




Pembagian Tugas dan Tanggung Jawab                                          Division of Duties and Responsibilities

Perseroan membagi tugas Direksi agar setiap anggota dapat                   The Company divides the duties of the Board of Directors to aloe
menjalankan tanggung jawabnya secara optimal sesuai bidang                  each member to do his/her responsibilities optimally according
masing-masing. Pendekatan ini mendukung kelancaran                          to the respective fields. This approach supports the smooth
operasional dan pencapaian target perusahaan. Rincian tugas                 operations and achievement of company targets. Detailed
Direksi tercantum dalam tabel berikut.                                      duties of the Board of Directors are stated in the following table.


      Nama                   Jabatan                                             Tugas dan Tanggung Jawab
      Name                   Position                                            Duties and Responsibilities

                                                Bertanggung jawab atas seluruh aktivitas Perseroan dan berperan sebagai koordinator atas seluruh
                      Direktur Utama            pelaksanaan fungsi, tugas dan tanggung jawab di jajaran Direksi.
 Jap Hartono
                      President Director        Responsible for all Company activities and acts as coordinator for all implementation of functions,
                                                duties and responsibilities within the Board of Directors.

                                                Bertanggung jawab atas seluruh aktivitas Perseroan dan berperan sebagai koordinator atas seluruh
                      Direktur                  pelaksanaan fungsi, tugas dan tanggung jawab operasional Perseroan.
 Akhmad Faisyal
                      Director                  Responsible for all Company activities and acts as coordinator for all implementation of functions,
                                                duties and responsibilities within the Board of Directors.




Program Pengenalan Perusahaan                                               Company Induction Program

Program Pengenalan Perusahaan dirancang untuk membekali                     The Company Induction Program is designed to provide new
anggota Direksi baru dengan wawasan mendalam mengenai                       members of the Board of Directors with in-depth insight on
aktivitas bisnis, rencana strategis, dan tanggung jawab Direksi.            the business activities, strategic plan, and responsibilities of
Perseroan mendukung program ini dengan menyediakan                          the Board of Directors. The Company supports this program by
berbagai dokumen penting, seperti Laporan Tahunan, Rencana                  providing various important documents, such as Annual Report,
Kerja dan Anggaran Perusahaan, Anggaran Dasar, serta                        Company’s Work Plan and Budget, Articles of Association, and
dokumen perencanaan jangka panjang lainnya. Program ini                     other long-term planning documents. This program is expected
diharapkan dapat mempercepat adaptasi anggota Direksi                       to accelerate the adaptation of new members of the Board of
baru sehingga mampu berkontribusi secara efektif dalam                      Directors, so they can effectively contribute in the strategic
pengambilan keputusan strategis.                                            decision-making.


Pada tahun 2024, program ini dilaksanakan pada Annual                       In 2024, this program was carried out during the Annual
Budgeting Meeting tanggal 5 Februari 2024 dan diikuti oleh                  Budgeting Meeting on February 5, 2024, and attended by
Bapak Akhmad Faisyal.                                                       Mr. Akhmad Faisyal.



Program Pengembangan Kompetensi                                             Competency Development Program

Perseroan mendukung pengembangan kompetensi Direksi                         The Company supports the competency development of
guna meningkatkan efektivitas dalam menjalankan tugas dan                   Board of Directors to improve the effectiveness in carrying out
tanggung jawab melalui kegiatan pelatihan, workshop, seminar,               the duties and responsibilities through trainings, workshops,
konferensi, kunjungan kerja, dan studi banding (benchmark).                 seminars, conferences, work visits, and comparative studies
Partisipasi Direksi dalam program ini selama tahun 2024                     (benchmark). The participation of the Board of Directors in this
diungkapkan sebagai berikut.                                                program throughout 2024 is disclosed below.


   Nama dan Jabatan                  Materi Pendidikan/Pelatihan                 Tempat/Tanggal                      Penyelenggara
   Name and Position                 Education/Training Material                   Venue/Date                          Organizer

 Jap Hartono                                                                           Bali,                Gabungan Pengusaha Kelapa Sawit
 Direktur Utama                     Indonesia Palm Oil Conference (IPOC)        6-8 November 2024         Indonesia (GAPKI) / Indonesian Palm Oil
 President Director                                                             November 6-8, 2024                   Association (IPOA)

 Akhmad Faisyal                                                                        Bali,                Gabungan Pengusaha Kelapa Sawit
 Direktur                           Indonesia Palm Oil Conference (IPOC)        6-8 November 2024         Indonesia (GAPKI) / Indonesian Palm Oil
 Director                                                                       November 6-8, 2024                   Association (IPOA)




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Page 181
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                                                                                                                                                   Corporate Governance




Kebijakan Suksesi Direksi                                                                       Board of Directors Succession Policy

Perseroan menjalankan proses suksesi untuk memastikan                                           The Company applies succession process to ensure continuation
keberlanjutan kepemimpinan dan pengisian posisi strategis Direksi                               of leadership and to fulfill the strategic positions of the Board of
dengan kandidat yang profesional, berintegritas, dan kompeten.                                  Directors with professional, integrity, and competent candidates.
Proses ini mengacu pada Anggaran Dasar dan Peraturan                                            This process refers to the Articles of Association and Financial
Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi                                      Services Authority Regulation No. 33/POJK.04/2014 concerning
dan Dewan Komisaris Emiten atau Perusahaan Publik. Dalam                                        the Board of Directors and Board of Commissioners of Issuers
implementasinya, Perseroan melibatkan Komite Nominasi dan                                       or Public Companies. The Company involves the Nomination and
Remunerasi yang berperan aktif dalam memberikan rekomendasi                                     Remuneration Committee, who play an active role in providing
terkait pengangkatan, pemberhentian, dan/atau penggantian                                       recommendations related to the appointment, dismissal, and/or
anggota Direksi kepada RUPS.                                                                    replacement of members of the Board of Directors to the GMS.



Rapat Direksi                                                                                   Board of Directors Meetings

Sesuai dengan Anggaran Dasar Perseroan, Direksi wajib                                           According to the Company’s Articles of Association, the Board
mengadakan rapat setidaknya 1 kali setiap bulan. Namun,                                         of Directors is required to held a meeting at least once a month.
sepanjang tahun 2024, Perseroan melaksanakan 6 kali rapat                                       However, in 2024, the Company held 6 Board of Directors
Direksi, yang disesuaikan dengan kebutuhan operasional dan                                      meetings, adjusted to the operational needs and the urgency
urgensi pembahasan. Meskipun frekuensi rapat lebih rendah                                       of discussions. Although the meeting frequency was lower that
dari ketentuan regulasi, koordinasi dan pengambilan keputusan                                   the regulatory provision, the coordination and decision-making
tetap berjalan efektif melalui komunikasi internal, penyampaian                                 remain effective through internal communication, submission
laporan tertulis, serta diskusi di luar rapat formal.                                           of written report, and discussions outside the formal meetings.


Pemberitahuan rapat disampaikan melalui surat elektronik atau                                   Notice of meetings shall be sent through electronic mail or
surat fisik paling lambat 7 hari sebelum rapat berlangsung, dan                                 physical letter at least 7 days before the meeting is held, and
rapat dapat dilakukan secara langsung maupun virtual. Jika                                      the meeting can be held in person or virtually. If a member of
seorang anggota Direksi berhalangan hadir, ia dapat menunjuk                                    the Board of Directors unable to attend, he/she can appoint
anggota Direksi lain sebagai perwakilan melalui surat kuasa                                     other Board of Directors member as representative with a
khusus.                                                                                         special power of attorney.


Adapun rekapitulasi kehadiran rapat Direksi tahun 2024                                          The recapitulation of attendance of Board of Directors meeting
diungkapkan dalam tabel berikut.                                                                in 2024 is disclosed in the following table.


                                                                                                                                                        Tingkat Kehadiran
                    Nama                                    Jabatan                      Total Rapat              Total Kehadiran
                                                                                                                                                         Attendance Rate
                    Name                                    Position                    Total Meeting             Total Attendance
                                                                                                                                                               (%)

     Jap Hartono*                                                                                6                           6                               100,00
                                               Direktur Utama
                                               President Director
     Nasarudin bin Nasir    **
                                                                                                 2                           2                               100,00

                                               Direktur
     Akhmad Faisyal*                                                                             4                           4                               100,00
                                               Director

                                               Direktur
     Muhammad Syafril Harahap**                                                                  2                           2                               100,00
                                               Director

     Rata-Rata Kehadiran Direksi
                                                                                                                                                             100,00
     Average Attendance of Board of Directors

*)
      Efektif menjabat sejak ditutupnya RUPS Luar Biasa 25 April 2024. / Effectively serving since the closing of Extraordinary GMS, April 25, 2024.
**)
      Efektif menjabat hingga ditutupnya RUPS Luar Biasa 25 April 2024. / Effectively serving until the closing of Extraordinary GMS, April 25, 2024.

Catatan / Note :
Agenda rapat Direksi sama dengan agenda rapat internal Dewan Komisaris. / Board of Directors meeting agenda is the same as Board of Commissioners internal meeting agenda.




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Penilaian Kinerja                                                  Performance Assessment

Direksi Perseroan secara mandiri melakukan penilaian               The Company’s Board of Directors independently conduct a
kinerja (self-assessment) untuk mengevaluasi pencapaian dan        self-assessment to evaluate the achievements and its
tanggung jawabnya. Penilaian ini berlandaskan pada kriteria        responsibilities. This assessment is based on the criteria
yang telah ditetapkan dalam kontrak kerja antara Direksi dan       established in the work contract between the Board of Directors and
Perseroan. Setelah proses penilaian selesai, hasilnya dikaji dan   the Company. After the assessment process is finished, the results
disetujui oleh Dewan Komisaris, serta dievaluasi lebih lanjut      are reviewed and approved by the Board of Commissioners, and
oleh Pemegang Saham dalam RUPS.                                    evaluated further by the Shareholders at the GMS.


Evaluasi kinerja ini mengacu pada pencapaian key performance       This performance evaluation refers to the achievement of
indicators (KPI) dan target yang telah disepakati dalam rencana    key performance indicators (KPI) and targets approved in the
kerja tahunan. Adapun kriteria penilaian meliputi:                 annual work plan. The assessment criteria include:
1. Target kinerja operasional;                                     1. Operational performance targets;
2. Target kinerja keuangan;                                        2. Financial performance targets;
3. Target kepatuhan peraturan yang berlaku;                        3. Compliance targets to the applicable regulations;
4. Target pengembangan perusahaan, termasuk pengembangan           4. Company development targets, including developments of
     karyawan dan pemangku kepentingan lainnya; serta                  employees and other stakeholders; and
5. Target efektivitas integrasi bisnis hulu dan hilir.             5. Effectiveness targets of upstream and downstream
                                                                       business integration.


Hasil Penilaian                                                    Assessment Results
Berdasarkan hasil penilaian kinerja tahun 2024, Direksi            Based on the 2024 performance assessment result,
dinyatakan telah menjalankan tugas dan tanggung jawab sesuai       the Board of Directors is considered to carry out the duties
ketentuan yang berlaku. Hasil penilaian ini menjadi dasar untuk:   and responsibilities according to the applicable provisions.
                                                                   The assessment results are used as the basis to:
1. Memberikan pelunasan dan pembebasan sepenuhnya                  1. Give full release and discharge (volledig acquit et de charge);
   (volledig acquit et de charge);
2. Menentukan struktur dan besaran remunerasi Direksi;             2. Determine the remuneration structure and amount for
   serta                                                              the Board of Directors; and
3. Menetapkan langkah perbaikan yang perlu dilakukan oleh          3. Determine the corrective steps to be taken by the Board of
   Direksi untuk periode selanjutnya.                                 Directors for the subsequent period.



Penilaian Kinerja Komite di Bawah                                  Performance Assessment of Committees
Direksi                                                            Under the Board of Directors

Hingga 31 Desember 2024, Perseroan belum membentuk komite          As of December 31, 2024, the Company has not established
yang berada di bawah Direksi. Namun, dalam menjalankan             committees under the Board of Directors. However, in carrying
tugas dan tanggung jawabnya, Direksi mendapatkan dukungan          out its duties and responsibilities, the Board of Directors is
dari Satuan Kerja yang dipimpin oleh Division Head, General        supported by the Work Units lead by the Division Head, General
Manager, Project Manager, serta organ fungsional lainnya.          Manager, Project Manager, and other functional organs.




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Transparansi Informasi mengenai
Dewan Komisaris dan Direksi
                                          Information Transparency Regarding
                            the Board of Commissioners and Board of Directors


Kebijakan Remunerasi                                           Remuneration Policy

Kebijakan remunerasi Dewan Komisaris dan Direksi               The remuneration policy of Company’s Board of Commissioners
Perseroan disusun dengan mengacu pada Anggaran Dasar,          and Board of Directors is prepared by referring to the Articles of
Pedoman GCG, dan Peraturan Otoritas Jasa Keuangan              Association, GCG Guidelines, and Financial Services Authority
No. 34/POJK.04/2014 tentang Komite Nominasi dan Remunerasi     Regulation No. 34/POJK.04/2014 regarding the Nomination
Emiten atau Perseroan Publik. Pada periode sebelum             and Remuneration Committee of Issuers or Public Companies.
1 Juli 2024, proses penetapan remunerasi dilakukan langsung    Prior to July 1, 2024, the remuneration determination process is
oleh Dewan Komisaris, yang mempertimbangkan kinerja dan        carried out directly by Board of Commissioners, by considering
pencapaian target Perseroan, pendapatan tahun sebelumnya,      the Company’s performance and achievement of targets,
beban tugas dan tanggung jawab, serta tingkat remunerasi       previous year’s income, the burden of duties and responsibilities,
pada perusahaan sejenis. Usulan remunerasi tersebut diajukan   and remuneration level in similar companies. The remuneration
kepada Pemegang Saham untuk diputuskan dalam RUPS yang         proposal is submitted to the Shareholders to be decided on the
dilaksanakan pada 25 April 2024.                               GMS held on April 25, 2024.


Setelah pembentukan kembali Komite Nominasi dan                After the re-establishment of the Nomination and Remuneration
Remunerasi pada 1 Juli 2024, peran komite tersebut menjadi     Committee on July 1, 2024, the committee’s role become
bagian integral dalam memberikan rekomendasi terkait           an integral part in providing recommendations related to
kebijakan dan besaran remunerasi kepada Dewan Komisaris.       remuneration policies and amount to Board of Commissioners.
Nilai remunerasi tahunan yang telah disepakati akan tetap      The annual remuneration amount agreed will still be submitted
diajukan dalam RUPS Tahunan untuk mendapatkan persetujuan      to the Annual GMS for Shareholders’ approval.
Pemegang Saham.


Prosedur Penetapan Remunerasi Dewan Komisaris dan Direksi      Procedure for Remuneration Determination for the Board of
                                                               Commissioners and Board of Directors
Proses penetapan remunerasi Dewan Komisaris dan Direksi        The remuneration determination process for the Board of
untuk tahun 2024 dilakukan melalui tahapan berikut.            Commissioners and Board of Directors in 2024 is carried out
                                                               through the following stages.
1. Sebelum pembentukan kembali Komite Nominasi dan             1. Prior to the re-establishment of the Nomination and
   Remunerasi pada 1 Juli 2024, Dewan Komisaris secara             Remuneration Committee on July 1, 2024, the Board of
   langsung melakukan evaluasi terhadap kinerja Direksi dan        Commissioners directly evaluated the performance of
   Dewan Komisaris.                                                the Board of Commissioners and the Board of Directors.
2. Berdasarkan hasil evaluasi tersebut, Dewan Komisaris        2. Based on the evaluation results, the Board of Commissioners
   menetapkan     usulan    besaran    remunerasi     yang         determine the proposed remuneration amount submitted to
   diajukan kepada pemegang saham melalui RUPS yang                shareholders through the GMS held on April 25, 2024.
   diselenggarakan pada 25 April 2024.
3. RUPS kemudian memutuskan dan mengesahkan besaran            3. The GMS then decides and ratify the annual remuneration
   remunerasi tahunan bagi Dewan Komisaris dan Direksi.           amount for the Board of Commissioners and the Board of
                                                                  Directors.


Setelah Komite Nominasi dan Remunerasi dibentuk kembali        After the re-establishment of the Nomination and Remuneration
pada 1 Juli 2024, evaluasi kinerja dan rekomendasi besaran     Committee on July 1, 2024, the performance evaluation
remunerasi selanjutnya menjadi tanggung jawab Komite           and recommendation of remuneration amount become
Nominasi dan Remunerasi untuk periode berikutnya.              the responsibility of the Nomination and Remuneration
                                                               Committee for the subsequent period.




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Penetapan remunerasi mempertimbangkan faktor-faktor                          Remuneration determination considers the following factors.
berikut.
1. Laporan dari konsultan tenaga kerja independen.                           1. Reports from independent labor consultants.
2. Perbandingan dengan perusahaan sejenis.                                   2. Comparison with similar companies.
3. Klasifikasi dan tanggung jawab masing-masing anggota                      3. Classification and responsibilities of each member of the
    Direksi dan Dewan Komisaris.                                                Board of Directors and Board of Commissioners.
4. Biaya hidup di Jakarta, dengan mempertimbangkan tingkat                   4. Cost of living in Jakarta, by considering the national inflation
    inflasi nasional dan faktor relevan lainnya.                                rate and other relevant factors.


Struktur dan Besaran Remunerasi Dewan Komisaris dan                          Structure and Amount of Remuneration of the Board of
Direksi                                                                      Commissioners and Board of Directors
Struktur remunerasi yang mencakup komponen dan jumlah                        The remuneration structure includes the components and nominal
nominal untuk seluruh anggota Dewan Komisaris dan Direksi                    amounts for all members of the Board of Commissioners and
selama tahun 2024 diungkapkan sebagai berikut.                               Board of Directors in 2024, disclosed as follows.


                          Dewan Komisaris                                                                 Direksi
                       Board of Commissioners                                                        Board of Directors

 Honorarium / Honorarium                                                   Gaji / Salaries

 Bonus, tunjangan rutin, dan fasilitas lainnya dalam bentuk non-natura /   Bonus, tunjangan rutin, dan fasilitas lainnya dalam bentuk non-natura /
 Bonuses, routine allowance, and other non-natura facilities.              Bonuses, routine allowance, and other non-natura facilities.

 Fasilitas lain dalam bentuk natura / Other Natura Facilities              Fasilitas lain dalam bentuk natura / Other Natura Facilities



Total remunerasi yang diterima oleh anggota Dewan Komisaris                  The total remuneration received by members of the Board of
dan Direksi dalam 1 tahun, yang dibayarkan secara tunai selama               Commissioners and Board of Directors in 1 year, paid in cash in
tahun 2023 dan 2024, diungkapkan sebagai berikut.                            2023 and 2024, disclosed as follows:


                                                                                                                   (dalam jutaan Rupiah / in million Rupiah)


                  Remunerasi                                           2024                                                2023
                 Remuneration

 Dewan Komisaris / Board of Commissioners                         17.818.634.159                                      27.083.952.831

 Direksi / Board of Directors                                     25.488.526.086                                      22.233.733.599

 Total Remunerasi / Total Remuneration                            43.307.160.245                                     49.317.686.430




Kebijakan dan Prosedur Nominasi                                              Nomination Policy and Procedure

Proses nominasi dan pengembangan kepemimpinan di                             The nomination process and leadership development in
Perseroan dilaksanakan sesuai Anggaran Dasar dan Peraturan                   the Company is carried out in accordance with the Articles
Otoritas Jasa Keuangan No. 34/POJK.04/2014, dengan                           of Association and Financial Services Authority Regulation
mempertimbangkan rekomendasi dari Komite Nominasi dan                        No. 34/POJK.04/2014, by considering recommendations from
Remunerasi yang dibentuk kembali pada 1 Juli 2024. Sebelum                   the Nomination and Remuneration Committee re-established
pembentukan kembali tersebut, fungsi nominasi dijalankan                     on July 1, 2024. Prior to the re-establishment, the nomination
langsung oleh Dewan Komisaris melalui RUPS. Komite berperan                  function was carried out directly by the Board of Commissioners
dalam mengevaluasi dan mengusulkan kandidat Direksi dan                      through the GMS. The Committee has a role in evaluating and
Komisaris yang memenuhi kriteria profesionalisme, integritas,                proposing candidates for Director and Commissioner who meet
dan kompetensi. Selain itu, Perseroan menjalankan program                    the criteria of professionalism, integrity, and competence.
pengembangan calon pemimpin untuk memastikan mereka                          In addition, the Company runs a development program for
memiliki keterampilan teknis (hard skill) dan kepemimpinan                   prospective leaders, to ensure that they have technical skills
(soft skill) yang memadai, guna mendukung pertumbuhan dan                    (hard skill) and sufficient leadership (soft skill), to support
keberlanjutan usaha di masa depan.                                           the growth and future business continuation.




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Keberagaman Komposisi                                                                       Diversity in Composition of Board of
Dewan Komisaris dan Direksi                                                                 Commissioners and Board of Directors

Komposisi Dewan Komisaris dan Direksi Perseroan ditetapkan                                  The composition of Board of Commissioners and Board of
dengan memperhatikan prinsip keberagaman, mencakup                                          Directors of the Company is set by considering the diversity
pendidikan, pengalaman, usia, dan jenis kelamin. Keberagaman                                principle on the education, experience, age, and gender.
ini mendukung pengambilan keputusan strategis serta                                         This diversity support the strategic decision-making, as well as
efektivitas pengawasan dan pengelolaan Perseroan.                                           effectiveness of supervision and Company management.


Keberagaman Komposisi Anggota Dewan Komisaris
Diversity in Composition of Members of the Board of Commissioners

  Aspek Keberagaman                                                                               Realisasi
    Diversity Aspect                                                                             Realization

                                   Latar belakang pendidikan yang beragam, yakni sarjana, magister, dan doktor di bidang teknik, pertanian, manajemen,
                                   dan ekonomi.
 Pendidikan / Education
                                   Diverse educational backgrounds, from bachelor, master, and doctoral in engineering, agricultural, management, and
                                   economics.
                                   Pengalaman kerja yang beragam, mencakup industri perkebunan kelapa sawit atau berbagai sektor lain yang relevan
 Pengalaman Kerja /                serta mendukung pelaksanaan tugas dan tanggung jawab.
 Work Experience                   Diverse work experiences, including palm oil plantation industry or various other sectors that are relevant and support
                                   the implementation of duties and responsibilities.
                                   Memiliki usia yang beragam, yakni 57-79 tahun.
 Usia / Age
                                   Diverse age, of 57-79 years old.
                                   Saat ini, belum terdapat perwakilan wanita dalam susunan anggota Dewan Komisaris Perseroan.
 Jenis Kelamin / Gender
                                   Currently, no female representative in the composition of members of the Company’s Board of Commissioners.

Informasi data diri Dewan Komisaris telah diungkapkan pada bab Profil Perusahaan Laporan Tahunan ini. / Personal data information of the Board of Commissioners has been
disclosed in the Company Profile chapter of this Annual Report.




Keberagaman Komposisi Anggota Direksi
Diversity in Composition of Members of the Board of Directors

  Aspek Keberagaman                                                                               Realisasi
    Diversity Aspect                                                                             Realization

                                   Latar belakang pendidikan yang beragam, yakni sarjana dan magister di bidang pertanian dan manajemen.
 Pendidikan / Education
                                   Diverse educational backgrounds, from bachelor and master in agricultural and management.
                                   Pengalaman kerja yang beragam, mencakup industri perkebunan kelapa sawit atau berbagai sektor lain yang relevan
 Pengalaman Kerja /                serta mendukung pelaksanaan tugas dan tanggung jawab.
 Work Experience                   Diverse work experiences, including palm oil plantation industry or various other sectors that are relevant and support
                                   the implementation of duties and responsibilities.
                                   Memiliki usia yang beragam, yakni 57-58 tahun.
 Usia / Age
                                   Diverse age, of 57-58 years old.
                                   Saat ini, belum terdapat perwakilan wanita dalam susunan anggota Direksi Perseroan.
 Jenis Kelamin / Gender
                                   Currently, no female representative in the composition of members of the Company’s Board of Directors.

Informasi data diri Direksi selengkapnya dapat dilihat pada bab Profil Perusahaan Laporan Tahunan ini. / Full personal data information of the Board of Directors is available in
the Company Profile chapter of this Annual Report.




Hubungan Afiliasi                                                                           Affiliated Relationship

Hubungan afiliasi mencakup hubungan yang dimiliki oleh                                      Affiliated relationship include relationship between members
anggota Dewan Komisaris, Direksi, serta Pemegang Saham                                      of the Board of Commissioners, Board of Directors, and
Utama dan/atau Pengendali Perseroan, dalam bentuk                                           the Main and/or Controlling Shareholders of the Company,
hubungan keluarga hingga derajat kedua (horizontal                                          in the form of family relationship up to the second degree
maupun vertikal), kepengurusan, atau kepemilikan saham.                                     (horizontal or vertical), managerial, or share ownership.




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       PT Sawit Sumbermas Sarana Tbk.




Perseroan berkomitmen memastikan bahwa seluruh                                                  The Company is committed to ensure that all members of
anggota Dewan Komisaris dan Direksi menjalankan tugasnya                                        the Board of Commissioners and Board of Directors carry out
secara independen, bebas dari pengaruh afiliasi yang dapat                                      their duties independently, free of affiliation that may influence
memengaruhi objektivitas dan integritas dalam pengambilan                                       the objectivity and integrity in the decision-making. Following is
keputusan. Berikut adalah pengungkapan hubungan afiliasi                                        the disclosure of affiliations of the Board of Commissioners and
Dewan Komisaris dan Direksi Perseroan per 31 Desember 2024.                                     Board of Directors of the Company as of December 31, 2024.


                                                   Hubungan Keluarga dengan                                                   Hubungan Keuangan dengan
                                                     Family Relations With                                                      Financial Relations With


                                                                                  Pemegang Saham                                                                Pemegang Saham
             Nama
                               Dewan Komisaris                 Direksi              Pengendali              Dewan Komisaris                Direksi                Pengendali
             Name
                                    BOC                         BOD                 Controlling                  BOC                        BOD                   Controlling
                                                                                    Shareholder                                                                   Shareholder


                                   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

     Prof. Dr. Ir.
     Bungaran Saragih

     Hoesen

     Ir. Rimbun
     Situmorang

     Direksi / Board of Directors

     Jap Hartono*


     Akhmad Faisyal*

*)
     Efektif menjabat sejak ditutupnya RUPS Luar Biasa 25 April 2024. / Effectively serving since the closing of Extraordinary GMS, April 25, 2024.




Komite-Komite Penunjang Dewan Komisaris
                                           Supporting Committees of Board of Commissioners


Komite Audit                                                                                    Audit Committee

Komite Audit adalah komite yang dibentuk oleh Dewan                                             The Audit Committee is a committee established by the Board
Komisaris untuk mengawasi pelaporan keuangan, pengendalian                                      of Commissioners to supervise the financial reporting, internal
internal, audit, dan kepatuhan terhadap regulasi. Komite ini                                    control, audit, and compliance to regulations. This committee
memastikan transparansi Laporan Keuangan dan mendukung                                          ensures the transparency of Financial Statements and support
penerapan GCG.                                                                                  the GCG implementation


Pedoman Kerja                                                                                   Work Guidelines
Perseroan memiliki Piagam Komite Audit yang disahkan                                            The Company has an Audit Committee Charter, ratified by
oleh Dewan Komisaris 10 April 2019 sebagai acuan dalam                                          the Board of Commissioners on April 10, 2019 as references
menjalankan tugas dan tanggung jawab Komite Audit. Pedoman                                      in carrying out the duties and responsibilities of the Audit




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ini memastikan pelaksanaan tugas berlangsung secara efektif,                               Committee. This guidelines ensure an effective, efficient,
efisien, transparan, dan sesuai dengan ketentuan yang berlaku.                             transparent implementation of duties, in line with the applicable
Piagam Komite Audit juga telah dipublikasikan di situs web                                 provisions. The Audit Committee Charter has been published on
Perseroan untuk memastikan keterbukaan dan aksesibilitas.                                  the Company’s website to ensure openness and accessibility.


Masa Jabatan                                                                               Term of Office
Ketentuan masa jabatan Komite Audit dijelaskan sebagai                                     The terms of office of the Audit Committee is as follows.
berikut.
1. Masa tugas anggota Komite Audit yang berasal dari Dewan                                 1. The period of duty of Audit Committee member from
    Komisaris mengikuti masa jabatan sebagai Komisaris,                                       the Board of Commissioners follows the term of office as a
    sesuai keputusan RUPS.                                                                    Commissioner, in line with GMS resolution.
2. Anggota Komite Audit dari Dewan Komisaris akan berhenti                                 2. Audit Committee member from the Board of Commissioners
    secara otomatis jika masa jabatannya sebagai Komisaris                                    automatically cease if the term of office as a Commissioner
    berakhir.                                                                                 ends.
3. Jika Ketua Komite Audit yang merupakan anggota Dewan                                    3. If Chairman of the Audit Committee, who is a member of
    Komisaris berhenti dari jabatannya, posisi Ketua wajib                                    the Board of Commissioners resigns from the position, the
    digantikan oleh anggota Dewan Komisaris Independen                                        Chairman position must be replaced by another member of
    lainnya.                                                                                  the Board of Independent Commissioners.


Komposisi                                                                                  Composition
Komite Audit Perseroan terdiri dari tiga anggota, dengan                                   The Company’s Audit Committee consists of three members,
Komisaris Independen sebagai ketua dan 2 pihak independen                                  chaired by the Independent Commissioners and 2 independent
sebagai anggota. Berikut komposisi anggota Komite Audit                                    parties as members. Following is the composition of members
Perseroan sepanjang tahun 2024.                                                            of the Company’s Audit Committee throughout 2024.


            Nama                              Jabatan di Perseroan                                   Jabatan di Komite Audit                       Periode
            Name                             Position in the Company                              Position in the Audit Committee                  Period

                                  Komisaris Independen /
 Hoesen                                                                                                      Ketua / Chairman                     2022-2027
                                  Independent Commissioner

 Arif M. Prawirawinata            Pihak Independen / Independent Party                                       Anggota / Member                     2023-2027

 Arini Imamawati                  Pihak Independen / Independent Party                                       Anggota / Member                     2022-2027




Profil
Profile




                                                           Hoesen
                                                           Ketua Komite Audit
                                                           Chairman of Audit Committee


                                                                    Dasar Hukum Penunjukan
                                                                    Legal Basis of Appointment
                                                           Surat Keputusan Dewan Komisaris No. 022/BOCSSMS/X/2022 tanggal 28 Oktober 2022.
                                                           Board of Commissioners Decree No. 022/BOCSSMS/X/2022 dated October 28, 2022.




Profil beliau telah diungkapkan pada Bab Profil Perusahaan, sub bab Profil Dewan Komisaris di dalam Laporan Tahunan ini.
His profile has been disclosed in the Company Profile Chapter, sub-chapter Profile of Board of Commissioners in this Annual Report.




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   PT Sawit Sumbermas Sarana Tbk.




                                      Arif M. Prawirawinata
                                      Anggota Komite Audit
                                      Member of Audit Committee


                                      Warga Negara Indonesia, berusia 58 tahun, berdomisili di Bekasi, Indonesia.
                                      Indonesian Citizen, 58 years old, domiciled in Bekasi, Indonesia.




       Dasar Hukum Penunjukan                Pengalaman Kerja
       Legal Basis of Appointment            Work Experience
Surat Keputusan Dewan Komisaris
                                      •   PT Bursa Efek Indonesia, mengawali kariernya sebagai Staf kemudian sebagai
No. 033/SSMS-JKT/VI/2023 tanggal
                                          Kepala Unit, Kepala Divisi kemudian terakhir sebagai Executive Advisor (1997-2022);
19 Juni 2023.
                                      •   PT Prizaco Prakarsa, Assistant of Business Development Director (1995-1997); serta
Board of Commissioners Decree         •   KAP Drs. Gatot Permadi Joewono, dengan posisi terakhir sebagai Audit Manager
No. 033/SSMS-JKT/VI/2023 dated            (1990-1995).
June 19, 2023.
                                      •   PT Bursa Efek Indonesia, started his career as a Staff then as Unit Head, Division
                                          Head, then lastly as Executive Advisor (1997 - 2022);
       Keahlian                       •   PT Prizaco Prakarsa, Assistant of Business Development Director (1995 - 1997); and
       Expertise                      •   KAP Drs. Gatot Permadi Joewono, with last position as Audit Manager (1990 - 1995).

Ekonomi dan Akuntansi.
Economics and Accounting.
                                             Riwayat Pendidikan
                                             Education History
       Sertifikasi
       Certification                  •   Magister Manajemen jurusan Keuangan, Universitas Trisakti (2005); serta
                                      •   Sarjana Ekonomi jurusan Akuntansi, Fakultas Ekonomi, Universitas Indonesia (1992).
• Register Negara Akuntan;
                                      •   Master of Management in Finance, Universitas Trisakti (2005); and
• Chartered Accountant (CA); dan
                                      •   Bachelor of Economics in Accounting, Faculty of Economics, Universitas Indonesia
• Qualified Internal Auditor (QIA).
                                          (1992).
• Register Negara Akuntan;
• Chartered Accountant (CA); and
• Qualified Internal Auditor (QIA).          Rangkap Jabatan
                                             Concurrent Position
                                      •   Anggota Komite Audit di beberapa perusahaan;
                                          - PT Mirae Asset Sekuritas Indonesia (sejak Desember 2023);
                                          - PT Satu Visi Putra Tbk (sejak November 2023);
                                          - PT Kliring Penjaminan Efek Indonesia (sejak Agustus 2023); serta
                                      •   Pengajar part-time The Indonesia Capital Market Institute (TICMI) (sejak 2022).
                                      •   Audit Committee Members in several companies;
                                          - PT Mirae Asset Sekuritas Indonesia (since December 2023);
                                          - PT Satu Visi Putra Tbk (since November 2023);
                                          - PT Kliring Penjaminan Efek Indonesia (since August 2023) ; and
                                      •   Part-time lecturer at The Indonesia Capital Market Institute (TICMI) (since 2022).




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                                      Arini Imamawati
                                      Anggota Komite Audit
                                      Member of Audit Committee


                                      Warga Negara Indonesia, berusia 45 tahun, berdomisili di Jakarta, Indonesia.
                                      Indonesian Citizen, 45 years old, domiciled in Jakarta, Indonesia.




       Dasar Hukum Penunjukan                Pengalaman Kerja
       Legal Basis of Appointment            Work Experience
Surat Keputusan Dewan Komisaris
                                      •   Financial Controller PT Chandra Sakti Utama Leasing (2021);
No. 002/BOC-SSMS/X/2022 tanggal
                                      •   Head of Finance PT Danareksa (Persero) (2018-2021);
28 Oktober 2022.
                                      •   Head of Internal Audit PT Danareksa (Persero) (2014-2018);
Board of Commissioners Decree         •   Anggota Komite Audit PT Dahana (Persero) (2014);
No. 002/BOC-SSMS/X/2022 dated         •   Anggota Komite Audit PT Bank ICB Bumiputera Tbk (2010-2013);
October 28, 2022.                     •   Anggota Komite Audit PT Danareksa (Persero) (2009-2014);
                                      •   Audit Manager Assurance and Advisory Business Services Purwantono, Sarwoko &
                                          Sandjaja (2007-2009);
       Keahlian
                                      •   Accounting & Administration Manager PT Flowserve (Indonesia) (2005-2006); serta
       Expertise
                                      •   Senior Auditor Business Advisory Service Haryanto Sahari & Rekan (2000-2005).
Akuntansi dan Manajemen Bisnis.       •   Financial Controller of PT Chandra Sakti Utama Leasing (2021);
Accounting and Business Management.   •   Head of Finance PT Danareksa (Persero) (2018 -2021);
                                      •   Head of Internal Audit PT Danareksa (Persero) (2014-2018);
                                      •   Member of Audit Committee of PT Dahana (Persero) (2014);
       Sertifikasi
                                      •   Member of Audit Committee of PT Bank ICB Bumiputera Tbk (2010- 2013);
       Certification
                                      •   Member of Audit Committee of PT Danareksa (Persero) (2009-2014);
Certification in Audit   Committee    •   Audit Manager Assurance and Advisory Business Services Purwantono, Sarwoko &
Practitioner (CACP).                      Sandjaja (2007-2009);
                                      •   Accounting & Administration Manager PT Flowserve (Indonesia) (2005-2006); and
                                      •   Senior Auditor Business Advisory Service: Haryanto Sahari & Rekan (2000-2005).

       Riwayat Pendidikan
       Education History                     Rangkap Jabatan
                                             Concurrent Position
•   Magister Manajemen bidang
    Manajemen Bisnis, Universitas     •   Komisaris Independen PT Wicaksana Overseas International Tbk (sejak Desember
    Prasetya Mulya (2012); serta          2023);
•   Sarjana Akuntansi, Fakultas       •   Anggota Komite Audit dan Komite Risiko & Tata Kelola PT Mandiri Sekuritas (sejak
    Ekonomi, Universitas Trisakti         Agustus 2023);
    (2000).                           •   Anggota Komite Audit PT Kliring Penjaminan Efek Indonesia (sejak Juli 2023);
•   Master of Management in           •   Anggota Komite Audit PT ITSec Asia Tbk (sejak Maret 2023); serta
    Business Management,              •   Anggota Komite Audit PT Bank ICBC Indonesia (sejak 2021).
    Universitas Prasetya Mulya        •   Independent Commissioner of PT Wicaksana Overseas International Tbk.
    (2012); and                           (since December 2023);
•   Bachelor of Accounting, Faculty   •   Member of Audit Committee and Risk & Governance Committee of
    of Economics, Universitas             PT Mandiri Sekuritas (since August 2023);
    Trisakti (2000).                  •   Member of Audit Committee of PT Kliring Penjaminan Efek Indonesia (since July 2023);
                                      •   Member of Audit Committee of PT ITSec Asia Tbk (since March 2023); and
                                      •   Member of Audit Committee of PT Bank ICBC Indonesia (since 2021).




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    PT Sawit Sumbermas Sarana Tbk.




Independensi                                                                     Independence
Perseroan memastikan setiap anggota Komite Audit                                 The Company ensures every member of the Audit Committee
menjalankan tugasnya secara independen dan objektif.                             performs its duties independently and objectively. The Audit
Komite Audit berperan dalam menjaga transparansi bisnis                          Committee maintains business transparency and ensures
dan memastikan kepatuhan terhadap prinsip GCG. Pernyataan                        compliance to GCG principles. The following statement of
independensi berikut mencerminkan komitmen tersebut.                             independence is reflecting the commitment.


                            Pernyataan Independensi
                                                                                       Hoesen      Arif M. Prawirawinata        Arini Imamawati
                           Statement of Independence

 Bukan merupakan orang dalam kantor akuntan publik, kantor konsultan hukum,
 kantor jasa penilai publik atau pihak lain yang memberi jasa asuransi, jasa non-
 asuransi, jasa penilai dan/atau jasa konsultasi lain kepada Perseroan dalam
 waktu 6 bulan terakhir.
 Not a person in the public accountant firm, legal consultant firm, public appraisal
 service office or other parties providing insurance services, non-insurance
 services, appraisal services and/or other consulting services to the Company
 within the last 6 months.

 Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung
 jawab untuk merencanakan, memimpin, mengendalikan, atau mengawasi
 kegiatan Perseroan dalam waktu 6 bulan terakhir (kecuali Komisaris Independen).
 Not a person who works or has the authority and responsibility to plan, lead,
 control, or supervise the Company’s activities within the last 6 months (except for
 Independent Commissioners).

 Tidak mempunyai saham langsung maupun tidak langsung di Perseroan.
 Does not have direct or indirect shares in the Company.

 Keluarga tidak mempunyai saham langsung maupun tidak langsung di Perseroan.
 The family has neither direct nor indirect shares in the Company.

 Tidak mempunyai hubungan Afiliasi dengan anggota Dewan Komisaris, anggota
 Direksi, atau Pemegang Saham Utama Perseroan.
 Has no Affiliation with members of the Board of Commissioners, members of
 the Board of Directors, or Major Shareholders of the Company.

 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang
 berkaitan dengan kegiatan usaha Perseroan.
 Does not have a business relationship either directly or indirectly related to the
 Company’s business activities.

 Tidak menjabat sebagai pengurus partai politik dan/atau calon/anggota
 legislatif dan/atau merupakan calon atau menjabat sebagai kepala/wakil kepala
 pemerintahan daerah.
 Does not serve as an administrator of a political party and/or candidate/member
 of the legislature and/or is a candidate or serves as the head/deputy head of local
 government.

√ : Terpenuhi / Comply   X : Tidak terpenuhi / Not Complied




Tugas dan Tanggung Jawab serta Realisasinya
Duties and Responsibilities and their Realization

                              Uraian Tugas                                                           Realisasi Tahun 2024
                           Description of Duties                                                       2024 Realization

 Menerima rangkuman laporan yang dibuat dan diberikan oleh Unit               Komite Audit menerima laporan dari Unit Audit Internal setiap triwulan
 Audit Internal kepada manajemen serta tanggap manajemen terhadap             dan memberikan tanggapan serta rekomendasi yang berkontribusi pada
 rangkuman laporan tersebut.                                                  perbaikan proses operasional dan pengendalian internal.
 Receives a summary of reports made and provided by the Internal Audit        The Audit Committee received reports from Internal Audit Unit every
 Work Unit to management and management responses to the summary              quarter and gave responses and recommendations that contributed to
 of reports.                                                                  the improvement of operational process and internal control.




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                            Uraian Tugas                                                            Realisasi Tahun 2024
                         Description of Duties                                                        2024 Realization

 Mengadakan pertemuan secara rutin dengan audit internal untuk              Komite Audit mengadakan pertemuan bulanan dengan audit internal
 membahas temuan-temuan Unit Audit Internal.                                untuk membahas temuan, tindak lanjut, dan perkembangan implementasi
 Held regular meetings with internal audit to discuss Internal Audit Unit   rekomendasi. Sepanjang tahun 2024, pertemuan tersebut dilakukan
 findings.                                                                  sebanyak 5 kali.
                                                                            The Audit Committee held monthly meeting with internal audit to discuss
                                                                            findings, follow-ups, and progress of recommendation implementation.
                                                                            Throughout 2024, the meetings were held 5 times.

 Meninjau dan memberi masukan atas Program Kerja Pemeriksaan                Komite Audit telah meninjau dan memberikan masukan terhadap
 Tahunan yang disusun oleh Unit Audit Internal setiap awal tahun.           Program Kerja Tahunan Audit Internal, memastikan program tersebut
 Reviews and provides inputs to Annual Audit Work Program prepared by       sesuai dengan strategi dan risiko perusahaan.
 the Internal Audit Unit at the beginning of each year.                     The Audit Committee had reviewed and provided inputs to the Internal
                                                                            Audit Annual Work Program, ensuring the program is in line with
                                                                            the company strategies and risks.

 Meninjau aktivitas, struktur organisasi, dan kualifikasi personil audit    Komite Audit melakukan tinjauan rutin terhadap struktur dan kualifikasi
 internal untuk memastikan bahwa audit internal dapat bekerja secara        personel audit internal, memastikan kepatuhan terhadap standar audit
 independen dan obyektif sesuai dengan standar audit yang berlaku.          yang berlaku. Hasil tinjauan digunakan untuk memperkuat kapasitas dan
 Reviewing the activities, organizational structure and qualifications      kompetensi tim audit.
 of internal audit personnel to ensure that internal audits can work        The Audit Committee performed regular reviews on the structure and
 independently and objectively in accordance with applicable auditing       qualifications of internal audit personnel, to ensure compliance with
 standards.                                                                 the applicable audit standards. Review results were used to strengthen
                                                                            the capacity and competence of the audit team.

 Menelaah efektivitas pelaksanaan fungsi audit internal.                    Penelaahan efektivitas dilakukan melalui rapat berkala dengan
 Reviewing the effectiveness of the implementation of internal audit        Direksi dan Unit Audit Internal, menghasilkan rekomendasi perbaikan
 function.                                                                  pengendalian dan kepatuhan.
                                                                            Effectiveness review was done through regular meetings with Board
                                                                            of Directors and Internal Audit Unit, resulted in recommendations of
                                                                            improvements of control and compliance.

 Menelaah rencana audit termasuk ruang lingkup, prosedur dan                Komite Audit meninjau dan menyetujui rencana audit, memastikan ruang
 ketentuan-ketentuan audit.                                                 lingkup dan prosedur selaras dengan strategi dan risiko perusahaan.
 Reviewing the audit plan including the scope, procedures and provisions    The Audit Committee reviewed and approved audit plan, ensuring
 of the audit.                                                              the scope and procedure are in line with the company strategies and risks.

 Memantau pembahasan temuan audit oleh auditor eksternal dengan             Komite Audit memberikan pendapat independen atas temuan auditor
 manajemen. Jika terdapat perbedaan pendapat antara auditor eksternal       eksternal dan memastikan tidak ada perbedaan pendapat signifikan
 dan manajemen atas jasa yang diberikan, Komite Audit memberikan            antara auditor dan manajemen.
 pendapat independen.                                                       The Audit Committee provided independent opinion on the findings of
 Monitoring audit findings by external auditors with management. If there   auditor external and ensuring there was no significant difference of
 is a difference of opinion between the external auditor and management     opinion between the auditor and management.
 of the service rendered, the Audit Committee provides an independent
 opinion.

 Menelaah dan memberikan saran kepada Dewan Komisaris terkait               Selama tahun 2024, Komite Audit telah menelaah dan tidak menemukan
 dengan adanya aksi korporasi Perseroan, terutama yang memiliki potensi     adanya potensi benturan kepentingan.
 benturan kepentingan.                                                      Throughout 2024, the Audit Committee had reviewed and found no
 Review and advise the Board of Commissioners on Corporate actions,         potential conflicts of interest.
 particularly those with potential conflicts of interest.

 Memberikan rekomendasi kepada Dewan Komisaris mengenai pemilihan           Komite Audit merekomendasikan penunjukan Akuntan Publik
 dan pemberhentian auditor eksternal.                                       Agung Purwanto dari Kantor Akuntan Publik Ernst & Young Indonesia,
 Provide recommendations to the Board of Commissioners regarding the        Purwanto, Sungkoro & Surja untuk periode 2024, berdasarkan evaluasi
 selection and dismissal of external auditors.                              independensi, kompetensi, dan rekam jejak KAP.
                                                                            The Audit Committee recommended the appointment of Public Accountant
 Dalam proses seleksi auditor independen, Komite Audit mengacu pada         Agung Purwanto from Public Accounting Firm Ernst & Young Indonesia,
 ketentuan-ketentuan mengenai legalitas, kompetensi, dan independensi       Purwanto, Sungkoro & Surja for 2024, based on the evaluation on the
 akuntan publik yang berlaku di Indonesia.                                  independence, competence, and track record of the KAP.
 In the independent auditor selection process, Audit Committee refers
 to the provisions concerning legality, competence, and independence of
 public accountants applicable in Indonesia.

 Melakukan evaluasi terhadap pelaksanaan pemberian jasa audit yang          Komite Audit mengevaluasi pelaksanaan audit oleh AP dan KAP,
 dilakukan oleh AP dan KAP.                                                 memastikan proses berjalan sesuai standar dan menghasilkan laporan
 Evaluating the implementation of audit services provision conducted by     audit yang objektif dan kredibel.
 the AP and KAP.                                                            The Audit Committee evaluated the audit implemented by AP and KAP,
                                                                            ensuring the process was in line with the standards and produced
                                                                            objective and credible audit report.




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   PT Sawit Sumbermas Sarana Tbk.




                           Uraian Tugas                                                             Realisasi Tahun 2024
                        Description of Duties                                                         2024 Realization

 Menelaah prinsip dan praktik akuntansi dan pelaporan yang diterapkan       Komite Audit meninjau prinsip dan praktik pelaporan keuangan, memastikan
 Perusahaan dalam menyajikan laporan keuangan untuk memastikan              kepatuhan terhadap PSAK dan transparansi Laporan Keuangan.
 Pemenuhan Standar Akuntansi Keuangan (PSAK) yang berlaku.                  The Audit Committee reviewed the principles and practices of financial
 Reviewing the principles and practices of accounting and reporting         reporting, ensuring compliance to PSAK and transparency of Financial
 applied by the Company in presenting the financial statements to ensure    Statements.
 applicable Financial Accounting Standard Guidelines (PSAK).
 Menelaah Laporan Keuangan yang telah diaudit untuk dilaporkan kepada       Komite Audit menelaah Laporan Keuangan yang diaudit dan memastikan
 Bursa Efek Indonesia dan/atau Otoritas Jasa Keuangan atau institusi        kepatuhan terhadap ketentuan yang berlaku sebelum pelaporan kepada
 lainnya yang berwenang secara hukum mengenai prinsip-prinsip dan           Bursa Efek Indonesia dan Otoritas Jasa Keuangan. Selain itu, Komite Audit
 praktik akuntansi dan audit, kecukupan dari pengendalian internal yang     membahas penerapan prinsip dan praktik akuntansi yang berdampak
 secara signifikan dapat berpengaruh pada Laporan Keuangan perusahaan       signifikan, bekerja sama dengan auditor eksternal dan internal untuk
 dan masalah-masalah lainnya sesuai peraturan yang berlaku.                 menjaga kualitas dan transparansi laporan keuangan.
 Reviewing audited Financial Statements to be reported to Indonesia Stock   The Audit Committee reviewed the audited Financial Statements and
 Exchange and/or Financial Services Authority or other legally authorized   ensuring compliance to applicable regulations prior to reporting to
 institutions regarding accounting and auditing principles and practices,   Indonesia Stock Exchange and Financial Services Authority. The Audit
 adequacy of internal controls that significantly affect the Company’s      Committee also discussed implementation of accounting principles and
 financial statements and other issues under the applicable regulations.    practices of significant impact, cooperating with external and internal
                                                                            auditors to maintain the quality and transparency of financial statements.
 Pembahasan dengan Dewan Komisaris tentang informasi penting atau           Komite Audit membahas dan memastikan keakuratan informasi material
 material untuk diungkapkan kepada publik, sebagaimana yang ditugaskan      sebelum diungkapkan ke publik, sesuai dengan arahan Dewan Komisaris.
 oleh Dewan Komisaris.                                                      The Audit Committee discussed and ensuring the accuracy of material
 Discuss with the Board of Commissioners regarding important or             information prior to be disclosed to the public, in accordance with
 material information to be disclosed to the public, as assigned by         the Board of Commissioners’ directive.
 the Board of Commissioners.
 Meninjau Piagam Komite Audit sesuai kebutuhan dan mengusulkan              Komite Audit telah meninjau secara berkala Piagam Komite Audit.
 perubahannya kepada Dewan Komisaris untuk mendapatkan                      Namun, pada tahun ini tidak ada usulan perubahan karena piagam yang
 persetujuan.                                                               ada dinilai masih relevan dan sesuai dengan peraturan serta kebutuhan
 Reviewing the Audit Committee Charter as needed and propose its            Perseroan.
 changes to the Board of Commissioners for approval.                        The Audit Committee has periodically reviewed the Audit Committee Charter.
                                                                            However, there was no proposed amendment as the existing charter is
                                                                            considered relevant and in line with the regulations and Company’s needs.
 Melakukan evaluasi terhadap kinerja Komite Audit dan para anggotanya       Komite Audit melakukan evaluasi kinerja anggota secara rutin,
 secara berkala.                                                            memberikan masukan untuk meningkatkan efektivitas dan kualitas
 Periodically evaluate the performance of the Audit Committee and its       pelaksanaan tugas.
 members.                                                                   The Audit Committee regularly evaluated the member’s performance,
                                                                            provided inputs to improve the effectiveness and quality of implementation
                                                                            of duties.
 Menjaga kerahasiaan dokumen, data dan informasi perusahaan.                Komite Audit menjaga kerahasiaan dokumen, data, dan informasi Perseroan
 Maintain confidentiality of documents, data and company information.       melalui penerapan kebijakan keamanan dan kepatuhan yang ketat.
                                                                            The Audit Committee maintain confidentiality of documents, data and company
                                                                            information by implementing strict security and compliance policies.


Wewenang                                                                      Authorities
Komite Audit, selain menjalankan tugas dan tanggung jawabnya,                 Other than carrying out its duties and responsibilities,
juga memiliki wewenang sebagaimana diatur dalam Piagam                        the Audit Committee also has authorities as stipulated in
Komite Audit. Sepanjang tahun 2024, Komite Audit menjalankan                  the Audit Committee Charter. Throughout 2024, the Audit
wewenang ini secara independen dan optimal tanpa hambatan                     Committee exercised these authorities independently and
atau intervensi dari pihak eksternal. Adapun wewenang yang                    optimally without any hindrance or intervention from external
dijalankan mencakup:                                                          party. The authorities exercised include:
1. Berhak mendapat dokumen, data, dan informasi                               1. The right to acquire the required company’s documents,
     perusahaan yang diperlukan berkaitan dengan pelaksanaan                      data and information related to the performance of their
     tugasnya;                                                                    duties;
2. Berkomunikasi langsung dengan karyawan termasuk                            2. Communicate directly with employees including the Board
     Direksi dan pihak yang menjalankan fungsi audit internal,                    of Directors and the party exercising internal audit, risk
     manajemen risiko dan akuntan terkait tugas dan tanggung                      management and accounting functions related to the Audit
     jawab Komite Audit;                                                          Committee’s duties and responsibilities;
3. Melibatkan pihak independen di luar anggota Komite Audit                   3. Involve independent parties outside the members of
     yang diperlukan untuk membantu pelaksanaan tugasnya                          the Audit Committee who are required to assist in the
     (jika diperlukan);                                                           execution of their duties (if necessary);
4. Melakukan kewenangan lain yang ditugaskan oleh Dewan                       4. Carry out other authorities commissioned by the Board of
     Komisaris; serta                                                             Commissioners; and
5. Dalam melakukan kewenangannya, Komite Audit bekerja                        5. In exercising its authority the Audit Committee cooperates
     sama dengan unit-unit lain yang berkaitan dengan tugasnya.                   with other units relating to its duties.




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Rapat                                                                  Meetings
Ketentuan dan pelaksanaan rapat Komite Audit mengacu pada              The provisions and implementation of Audit Committee meetings
Piagam Komite Audit. Rapat diadakan minimal 1 kali dalam               refers to the Audit Committee Charter. Meeting is held at least
3 bulan dan dipimpin oleh Ketua Komite Audit atau anggota              once every 3 months and lead by the Audit Committee Chairman
senior jika ketua berhalangan. Rapat diselenggarakan secara            or a senior member if the chairman is absent. The meeting
fisik maupun melalui teleconference, video conference, atau            can be held physically or via teleconference, video conference,
media elektronik lainnya. Jika diperlukan, Komite Audit dapat          or other electronic media. If necessary, the Audit Committee
mengundang pihak manajemen yang terkait dengan materi                  can invite the management related to the meeting material.
rapat. Sepanjang tahun 2024, Perseroan telah melaksanakan              Throughout 2024, the Company has held 8 Audit Committee
8 kali rapat Komite Audit dengan tingkat kehadiran dan agenda          meetings with attendance rate and agenda as follows.
sebagai berikut.


                                                                                                                    Tingkat Kehadiran
                 Nama                       Jabatan                Jumlah Rapat            Jumlah Kehadiran
                                                                                                                     Attendance Rate
                 Name                       Position               Total Meetings           Total Attendance
                                                                                                                           (%)

                                     Ketua
 Hoesen                                                                   8                          8                     100,00
                                     Chairman
                                    Anggota
 Arif M. Prawirawinata                                                    8                          8                     100,00
                                    Member
                                    Anggota
 Arini Imamawati                                                          8                          8                     100,00
                                    Member



Agenda
Agenda

            Tanggal
                                                                               Agenda
             Date

       22 Januari 2024      Pemaparan Program Kerja Komite Audit Tahun 2024 dan Laporan Kegiatan Komite Audit Triwulan IV Tahun 2023
       January 22, 2024     Presentation of 2024 Audit Committee Work Plan and Audit Committee Activities Report Quarter IV 2023
      22 Februari 2024      Rapat Rutin, Pembahasan Kinerja Internal Audit Department (IAD) Selama Q4 2023
      February 22, 2024     Regular Meeting, Discussion of Internal Audit Department (IAD) Performance in Q4 2023
          4 Maret 2024      Tanggapan Komite Audit Atas Budget PT Sawit Sumbermas Sarana Tbk Tahun 2024
          March 4, 2024     Audit Committee Response to the 2024 Budget of PT Sawit Sumbermas Sarana Tbk
          21 Mei 2024       Pembahasan Kinerja Internal Audit Department (IAD) selama Q1 2024
          May 21, 2024      Discussion of Internal Audit Department (IAD) Performance in Q1 2024
     12 September 2024      Pembahasan Kinerja Internal Audit Department (IAD) Q2 2024
     September 12, 2024     Discussion of Internal Audit Department (IAD) Performance Q2 2024
      24 November 2024      Pembahasan Laporan Keuangan Q3 2024 (Unaudited)
      November 24, 2024     Discussion of Financial Statements Q3 2024 (Unaudited)
      4 Desember 2024       Pembahasan kinerja Internal Audit Department (IAD) Q3 2024
      December 4, 2024      Discussion of Internal Audit Department (IAD) Performance Q3 2024
      9 Desember 2024       Pembahasan Anggaran SSMS Tahun 2025
      December 9, 2024      Discussion of 2025 SSMS Budget



Remunerasi                                                             Remuneration
Total remunerasi yang diterima Komite Audit secara tunai               Total remuneration received by the Audit Committee in cash
selama tahun 2024 adalah sebesar Rp273.978.506,-                       throughout 2024 was Rp273,978,506,-


Pengembangan Kompetensi                                                Competency Development
Perseroan mendukung pengembangan kompetensi Komite                     The Company supports the competency development of Audit
Audit guna meningkatkan efektivitas dalam menjalankan tugas            Committee to improve the effectiveness in carrying out the
dan tanggung jawab melalui kegiatan pelatihan, workshop,               duties and responsibilities through trainings, workshops,
seminar, konferensi, kunjungan kerja, dan studi banding                seminars, conferences, work visits, and comparative studies
(benchmark). Partisipasi Komite Audit dalam program ini                (benchmark). The participation of Audit Committee in this
selama tahun 2024 diungkapkan sebagai berikut.                         program throughout 2024 is disclosed below.




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    Nama dan Jabatan                 Materi Pendidikan/Pelatihan                      Tempat/Tanggal                Penyelenggara
    Name and Position                Education/Training Material                        Venue/Date                    Organizer

                                                                                            Virtual,
                            Navigating The Half-Year: Roadmap to Success                  20 Juni 2024       OJK Institute
                                                                                         June 20, 2024
                                                                                           Jakarta,
                            Komite Audit yang Kompeten dan Profesional
                                                                                        26-27 Juni 2024      Intipesan Conferences
                            Competent and Professional Audit Committee
                                                                                       June 26-27, 2024
 Arif M. Prawirawinata
 Anggota / Member                                                                          Virtual,
                            Carbon Trading and Its Effect on Indonesia Economy         17 Oktober 2024       OJK Institute
                                                                                       October 17, 2024
                                                                                                             Gabungan Pengusaha Kelapa
                                                                                             Bali,
                            20th Indonesian Palm Oil Conference and 2025 Price                               Sawit Indonesia (GAPKI)
                                                                                      6-8 November 2024
                            Outlook                                                                          Indonesian Palm Oil Association
                                                                                      November 6-8, 2024
                                                                                                             (IPOA)
                                                                                           Virtual,
                                                                                                             The Institute of Internal
                            Get to know the New Global Internal Audit Standards        24 Januari 2024
                                                                                                             Auditors (IIA) Indonesia
                                                                                       January 24, 2024
                                                                                           Virtual,
                            Town Hall Meeting & Highlights of the New Global                                 The Institute of Internal
                                                                                       30 Januari 2024
                            Internal Audit Standards                                                         Auditors (IIA) Indonesia
                                                                                       January 30, 2024
                                                                                           Jakarta,
                            Komite Audit yang Kompeten dan Profesional
                                                                                        26-27 Juni 2024      Intipesan Conferences
                            Competent and Professional Audit Committee
                                                                                       June 26-27, 2024
                            Workshop Sustainability Reporting: Standards and
                            Implementation & Update Terkini ISSB Standards:
                                                                                           Jakarta,          Ikatan Akuntan Indonesia (IAI)
                            IFRS S1 & S2
                                                                                       8-9 Agustus 2024      Institute of Indonesia Chartered
                            Workshop Sustainability Reporting: Standards
                                                                                       August 8-9, 2024      Accountants (IA)
                            and Implementation & Latest Update of ISSB
 Arini Imamawati            Standards: IFRS S1 & S2
 Anggota / Member
                            Diskusi Panel GRC Series 2024 – Defending
                            Organizational Objectives: Strategies Against Fraud            Virtual,
                            Panel Discussion GRC Series 2024 – Defending               22 Agustus 2024       PT MRT Jakarta
                            Organizational Objectives: Strategies Against              August 22, 2024
                            Fraud
                                                                                             Bali,
                                                                                                             The Institute of Internal
                            ACIIA Regional Conference 2024                            28-29 Agustus 2024
                                                                                                             Auditors (IIA) Indonesia
                                                                                      August 28-29, 2024
                                                                                           Virtual,
                            Carbon Trading and Its Effect on Indonesia’s Economy       17 Oktober 2024       OJK Institute
                                                                                       October 17, 2024
                                                                                           Virtual,
                            Strengthening Financial Integrity: Advanced
                                                                                      21 November 2024       OJK Institute
                            Strategies and Innovations in Anti-Fraud
                                                                                      November 21, 2024


Komite Nominasi dan Remunerasi                                              Nomination and Remuneration Committee

Komite Nominasi dan Remunerasi adalah komite khusus                         The Nomination and Remuneration Committee is a special
yang dibentuk untuk membantu Dewan Komisaris                                committee formed to assist Board of Commissioners in providing
dalam memberikan rekomendasi terkait pengangkatan,                          recommendations on the appointment, dismissal, performance
pemberhentian, evaluasi kinerja, dan pemberian kompensasi                   evaluation, and compensation to members of the Board of
bagi anggota Dewan Komisaris, Direksi, serta karyawan                       Commissioners, Board of Directors and company employees.
perusahaan.


Pedoman Kerja                                                               Work Guidelines
Tugas dan tanggung jawab Komite Nominasi dan Remunerasi                     The duties and responsibilities of Nomination and Remuneration
dilaksanakan sesuai dengan Peraturan Otoritas Jasa Keuangan                 Committee is executed based on the Financial Services Authority
No. 34/POJK.04/2014 tentang Komite Nominasi Dan Remunerasi                  Regulation No. 34/POJK.04/2014 concerning Nomination and
Emiten Atau Perusahaan Publik.                                              Remuneration Committee of Issuers or Public Company.


Masa Jabatan                                                                Term of Office
Masa jabatan anggota Komite Nominasi dan Remunerasi tidak                   The term of office of member of Nomination and Remuneration
boleh melebihi masa jabatan anggota Dewan Komisaris, dan                    Committee shall not exceed the term of office of member of
dapat diberhentikan sewaktu-waktu dengan alasan yang jelas.                 the Board of Commissioners, and can be dismissed at any time
                                                                            with clear reason.



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Komposisi                                                                                  Composition
Komite Nominasi dan Remunerasi Perseroan terdiri dari                                      The Company’s Nomination and Remuneration Committee
3 anggota, dengan satu orang menjabat sebagai ketua dan                                    consists of 3 members, one is appointed as the Chairman and
2 orang sebagai anggota. Komposisi anggota Komite Nominasi                                 the remaining 2 as the members. Composition of Nomination
dan Remunerasi tahun 2024 diungkapkan sebagai berikut.                                     and Remuneration Committee in 2024 is as follows.


                                                                                                 Jabatan di Komite Nominasi dan Remunerasi
           Nama                                  Jabatan di Perseroan                                                                                 Periode
                                                                                                 Position in the Nomination and Remuneration
           Name                                 Position in the Company                                                                               Period
                                                                                                                   Committee

                               Komisaris Independen                                                                     Ketua
 Hoesen                                                                                                                                              2024-2029
                               Independent Commissioner                                                                Chairman
                               Komisaris                                                                               Anggota
 Ir. Rimbun Situmorang                                                                                                                               2024-2029
                               Commissioner                                                                            Member
                               Pihak yang menduduki jabatan manajerial di bawah
                               Direksi yang membidangi sumber daya manusia                                             Anggota
 Rachmad Hidayat                                                                                                                                     2024-2029
                               Party holding a managerial position under the Director                                  Member
                               in charge of human resources


Profil
Profile



                                                           Hoesen
                                                           Ketua Komite Nominasi dan Remunerasi
                                                           Chairman of Nomination and Remuneration Committee


                                                                    Dasar Hukum Penunjukan
                                                                    Legal Basis of Appointment
                                                           Surat Keputusan Dewan Komisaris No. 002/SSMS-JKT/VII/2024 tanggal 1 Juli 2024.
                                                           Board of Commissioners Decree No. 002/SSMS-JKT/VII/2024 dated July 1, 2024.




Profil beliau telah diungkapkan pada Bab Profil Perusahaan, sub bab Profil Dewan Komisaris di dalam Laporan Tahunan ini.
His profile has been disclosed in the Company Profile Chapter, sub-chapter Profile of Board of Commissioners in this Annual Report.




                                                           Ir. Rimbun Situmorang
                                                           Anggota Komite Nominasi dan Remunerasi
                                                           Member of Nomination and Remuneration Committee


                                                                    Dasar Hukum Penunjukan
                                                                    Legal Basis of Appointment
                                                           Surat Keputusan Dewan Komisaris No. 002/SSMS-JKT/VII/2024 tanggal 1 Juli 2024.
                                                           Board of Commissioners Decree No. 002/SSMS-JKT/VII/2024 dated July 1, 2024.




Profil beliau telah diungkapkan pada Bab Profil Perusahaan, sub bab Profil Dewan Komisaris di dalam Laporan Tahunan ini.
His profile has been disclosed in the Company Profile Chapter, sub-chapter Profile of Board of Commissioners in this Annual Report.




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                                          Rachmad Hidayat
                                          Anggota Komite Nominasi dan Remunerasi
                                          Member of Nomination and Remuneration Committee


                                          Warga Negara Indonesia, berusia 48 tahun, berdomisili di Pangkalan Bun, Indonesia.
                                          Indonesian Citizen, 48 years old, domiciled in Pangkalan Bun, Indonesia.




       Dasar Hukum Penunjukan                    Pengalaman Kerja
       Legal Basis of Appointment                Work Experience
Surat Keputusan Dewan Komisaris
                                          •   Kepala Departemen Sustainability Downstream PT Sawit Sumbermas Sarana Tbk;
No. 002/SSMS-JKT/VII/2024 tanggal
                                          •   Human Resources Head Plantations Hardaya Plantations Group (2014-2020);
1 Juli 2024.
                                          •   General Manager Human Resources PT BW Plantation Tbk (2013-2014);
Board of Commissioners Decree             •   Senior Human Resources Manager PT BW Plantation Tbk (2011-2012);
No. 002/SSMS-JKT/VII/2024 dated           •   Organization Development Manager PT BW Plantation Tbk (2008-2011);
July 1, 2024.                             •   Personnel & General Affairs Senior Manager PT Sinar Alam Permai-Wilmar Group
                                              (2005-2008); dan
                                          •   Plasma KPPA Assistant Manager PT Harapan Sawit Lestari-Cargill (2000-2005).
       Keahlian
       Expertise                          •   Sustainability Downstream Department Head of PT Sawit Sumbermas Sarana Tbk;
                                          •   Human Resources Head Plantations of Hardaya Plantations Group (2014-2020);
Human Resources, Sustainability,          •   General Manager Human Resources of PT BW Plantation Tbk (2013-2014);
General Affairs & Hubungan Industrial,    •   Senior Human Resources Manager of PT BW Plantation Tbk (2011-2012);
serta Manajemen Operasional di            •   Organization Development Manager of PT BW Plantation Tbk (2008-2011);
Industri Perkebunan dan Agribisnis.       •   Personnel & General Affairs Senior Manager of PT Sinar Alam Permai-Wilmar
Human Resources, Sustainability,              Group (2005-2008); and
General Affairs & Industrial Relations,   •   Plasma KPPA Assistant Manager of PT Harapan Sawit Lestari-Cargill (2000-2005).
as well as Operational Management
in the Plantation and Agribusiness
Industry.                                        Riwayat Pendidikan
                                                 Education History
                                          •   Magister Manajemen, jurusan Pengembangan Sumber Daya Manusia, Universitas
       Rangkap Jabatan                        Mercu Buana; serta
                                          •   Sarjana Teknik Industri, Universitas Pasundan,
       Concurrent Position
                                          •   Master of Management, majoring in Human Resources Development, Universitas
Head    of     Human     Resources            Mercu Buana; and
Department PT Sawit Sumbermas             •   Bachelor of Industrial Engineering, Universitas Pasundan.
Sarana Tbk (sejak 2023).
Head    of     Human     Resources
Department of PT Sawit Sumbermas                 Pendidikan dan Pelatihan
Sarana Tbk (since 2023).                         Education and Training
                                          Emotional Quotient, Training for Trainer, Executive Coaching for Performance, Job
                                          Evaluation, Job Grade and Remuneration Analysis, Human Asset Value, Competency Based
                                          Human Resources Management, Internal Auditor ISO 9001, 14001 dan OHAS 1800, serta
                                          Leadership dan Problem Solving and Decision Making (PROSDEM).
                                          Emotional Quotient, Training for Trainer, Executive Coaching for Performance, Job
                                          Evaluation, Job Grade and Remuneration Analysis, Human Asset Value, Competency Based
                                          Human Resources Management, Internal Auditor ISO 9001, 14001 and OHAS 1800, and
                                          Leadership dan Problem Solving and Decision Making (PROSDEM).




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Independensi                                                                     Independence
Perseroan memastikan setiap anggota Komite Nominasi dan                          The Company ensures every member of the Nomination and
Remunerasi menjalankan tugasnya secara independen dan                            Remuneration Committee performs its duties independently
objektif. Komite Nominasi dan Remunerasi berperan dalam                          and objectively. The Nomination and Remuneration Committee
menjaga transparansi bisnis dan memastikan kepatuhan                             maintains business transparency and ensures compliance to
terhadap prinsip GCG. Pernyataan independensi berikut                            GCG principles. The following statement of independence is
mencerminkan komitmen tersebut.                                                  reflecting the commitment.


                            Pernyataan Independensi
                                                                                       Hoesen     Ir. Rimbun Situmorang     Rachmad Hidayat
                           Statement of Independence

 Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung
 jawab untuk merencanakan, memimpin, mengendalikan, atau mengawasi
 kegiatan Perseroan dalam waktu 6 bulan terakhir (kecuali Komisaris Independen).
 Not a person who works or has the authority and responsibility to plan, lead,
 control, or supervise the Company’s activities within the last 6 months (except for
 Independent Commissioners).

 Tidak mempunyai saham langsung maupun tidak langsung di Perseroan.
 Does not have direct or indirect shares in the Company.

 Keluarga tidak mempunyai saham langsung maupun tidak langsung di Perseroan.
 The family has neither direct nor indirect shares in the Company.

 Tidak mempunyai hubungan Afiliasi dengan anggota Dewan Komisaris, anggota
 Direksi, atau Pemegang Saham Utama Perseroan.
 Has no Affiliation with members of the Board of Commissioners, members of the
 Board of Directors, or Major Shareholders of the Company.

 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang
 berkaitan dengan kegiatan usaha Perseroan.
 Does not have a business relationship either directly or indirectly related to the
 Company’s business activities.

 Tidak menjabat sebagai pengurus partai politik dan/atau calon/anggota
 legislatif dan/atau merupakan calon atau menjabat sebagai kepala/wakil kepala
 pemerintahan daerah.
 Does not serve as an administrator of a political party and/or candidate/member
 of the legislature and/or is a candidate or serves as the head/deputy head of local
 government.

√ : Terpenuhi / Comply   X : Tidak terpenuhi / Not Complied




Tugas dan Tanggung Jawab                                                         Duties and Responsibilities
1. Fungsi Nominasi                                                               1. Nomination Function
   a. Menyusun komposisi dan proses nominasi anggota                                 a. Prepare the composition and nomination process
       Dewan Komisaris dan/atau anggota Direksi;                                         of members of the Board of Commissioners and/or
                                                                                         members of Board of Directors;
     b. Menyusun kebijakan dan kriteria yang dibutuhkan                              b. Prepare the policy and criteria needed in the nomination
        dalam proses nominasi calon anggota Dewan Komisaris                              process of prospective members of the Board of
        dan/atau anggota Direksi;                                                        Commissioners and/or members of Board of Directors;
     c. Membantu pelaksanaan evaluasi atas kinerja anggota                           c. Assist the performance evaluation of members of the
        Dewan Komisaris dan/atau anggota Direksi;                                        Board of Commissioners and/or members of Board of
                                                                                         Directors;
     d. Menyusun program pengembangan kemampuan                                      d. Prepare capability development program of members
        anggota Dewan Komisaris dan/atau anggota Direksi;                                of the Board of Commissioners and/or members of
        serta                                                                            Board of Directors; and
     e. Menelaah dan mengusulkan calon yang memenuhi                                 e. Review and propose illegible candidate as members
        syarat sebagai anggota Dewan Komisaris dan/atau                                  of the Board of Commissioners and/or members of
        anggota Direksi kepada Dewan Komisaris untuk                                     Board of Directors to the Board of Commissioners to be
        disampaikan kepada RUPS.                                                         submitted at the GMS.




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2. Fungsi Remunerasi                                             2. Remuneration Function
   a. Menyusun struktur remunerasi bagi anggota Dewan               a. Prepare the remuneration structure for members of
      Komisaris dan/atau anggota Direksi;                              the Board of Commissioners and/or members of Board
                                                                       of Directors;
   b. Menyusun kebijakan atas remunerasi bagi anggota               b. Prepare the remuneration policy of the Board of
      Dewan Komisaris dan/atau anggota Direksi; serta                  Commissioners and/or members of Board of Directors; and
   c. Memberikan rekomendasi kepada Direksi Perseroan               c. Provide recommendation to the Board of Directors
      untuk menentukan remunerasi anggota Dewan                        of the Company to determine the remuneration for
      Komisaris dan Direksi.                                           members of the Board of Commissioners and Board of
                                                                       Directors.


Rapat                                                            Meetings
Rapat Komite Nominasi dan Remunerasi belum diselenggarakan       The Nomination and Remuneration Committee has not held any
karena komite tersebut baru dibentuk.                            meeting as the committee just established recentl.


Remunerasi                                                       Remuneration
Total remunerasi yang diterima Komite Nominasi dan               Total remuneration received by Nomination and Remuneration
Remunerasi secara tunai selama tahun 2024 adalah sebesar         Committee in cash throughout 2024 was Rp270,699,296.
Rp270.699.296,-.


Pelaksanaan Tugas                                                Implementation of Duty
Sebelum pembentukan Komite Nominasi dan Remunerasi               Prior to the formation of Nomination and Remuneration
pada 1 Juli 2024, tugas nominasi dan remunerasi dijalankan       Committee on July 1, 2024, the Board of Commissioners carried
oleh Dewan Komisaris, termasuk proses nominasi Direksi           out the nomination and remuneration duty, as well as the
yang disahkan dalam RUPS pada 25 April 2024. Setelah komite      nomination process of the Board of Directors, which was ratified
diaktifkan, fokus utama pelaksanaan tugas adalah evaluasi        at the GMS on April 25, 2024. Following the committee’s activation,
kinerja, penyesuaian kebijakan remunerasi, dan penyusunan        the main focus of the duty was performance evaluation, adjustment
program pengembangan bagi Direksi dan Dewan Komisaris.           of remuneration policy, and program development for the Board of
                                                                 Directors and the Board of Commissioners.




Sekretaris Perusahaan
                                                                                        Corporate Secretary


Sekretaris Perusahaan berperan strategis sebagai penghubung      The Corporate Secretary plays a strategic role the liaison
antara Perseroan dan pemangku kepentingan, memastikan            between the Company and its stakeholders, ensuring regulatory
kepatuhan terhadap peraturan dan mendukung GCG. Selain itu,      compliance and supporting the GCG. The Corporate Secretary is
Sekretaris Perusahaan bertanggung jawab dalam pengelolaan        also responsible to manage the documents and administrative
dokumen dan aktivitas administratif guna memastikan              activities to ensure an orderly and transparent company
operasional perusahaan berjalan secara teratur dan transparan.   operations.



Pedoman Kerja                                                    Work Guidelines

Tugas dan tanggung jawab Sekretaris Perusahaan                   The duties and responsibilities of the Corporate Secretary are in
dilaksanakan sesuai dengan Peraturan Pencatatan Bursa            line with the Indonesia Stock Exchange Regulation No. I-A and
Efek Indonesia No. I-A dan Peraturan Otoritas Jasa Keuangan      Financial Services Authority Regulation No. 35/POJK.04/2014
No. 35/POJK.04/2014 tentang Sekretaris Perusahaan Emiten         on Corporate Secretary of Issuers or Public Companies.
atau Perusahaan Publik.




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                                                               Corporate Secretary Profile
Profil Sekretaris Perusahaan
                                                               The Corporate Secretary is appointed and dismissed with Board
Sekretaris Perusahaan diangkat dan diberhentikan melalui       of Directors Decree. In 2024, Mr. Deni Agustinus Damayanto
Keputusan Direksi. Pada tahun 2024, Bapak Deni Agustinus       was appointed as the Corporate Secretary to replace Mr. Jap
Damayanto ditunjuk sebagai Sekretaris Perusahaan               Hartono. Following is the information of Corporate Secretary
menggantikan Bapak Jap Hartono. Berikut adalah informasi       Profile.
mengenai Profil Sekretaris Perusahaan.




                                        Deni Agustinus Damayanto
                                        Sekretaris Perusahaan
                                        Corporate Secretary


                                        Warga Negara Indonesia, berusia 46 tahun, berdomisili di Jakarta, Indonesia.
                                        Indonesian Citizen, 46 years old, domiciled in Jakarta, Indonesia.




       Dasar Hukum Penunjukan                  Pengalaman Kerja
       Legal Basis of Appointment              Work Experience
Surat      keputusan      Direksi       •   Corporate Secretary PT Citra Borneo Utama Tbk (2022-2023);
No. 001/SSMS-JKT/I/2024 tanggal 2       •   Head Corporate Legal PT Sawit Sumbermas Sarana Tbk (2014-2022);
Januari 2024.                           •   Associate Brigitta I. Rahayoe & Partners (2006-2010); dan
Board    of    Directors Decree         •   Associate Soebagjo Jatim Djarot (2006-2010).
No. 001/SSMS-JKT/I/2024 dated           •   Corporate Secretary PT Citra Borneo Utama Tbk (2022-2023);
January 2, 2024.                        •   Head Corporate Legal PT Sawit Sumbermas Sarana Tbk (2014-2022);
                                        •   Associate Brigitta I. Rahayoe & Partners (2006-2010); and
                                        •   Associate Soebagjo Jatim Djarot (2006-2010).
       Keahlian
       Expertise
                                               Riwayat Pendidikan
Komunikasi, Pemahaman Tentang
                                               Education History
Regulasi dan Hukum, Kemampuan
Organisasi, Kemampuan Analytical        Sarjana Ilmu Hukum, Universitas Indonesia (2004).
dan Pengambilan Keputusan.              Bachelor of Law, Universitas Indonesia (2004).
Communications, Understandings of
Regulations and Law, Organizational            Keanggotaan Asosiasi
Capability, Analytical and Decision-
                                               Association Membership
Making Capability.
                                        Perhimpunan Advokat Indonesia (PERADI).
                                        Indonesian Advocates Association (PERADI).




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Struktur Organisasi Departemen                                              Corporate Secretary Organizational
Sekretaris Perusahaan                                                       Structure

Berdasarkan Keputusan Direksi No. F-HRDGA.GN-001 tanggal                    Based on Board of Directors Decree No. F-HRDGA.GN-001
31 Desember 2024, Divisi Sekretaris Perusahaan bertanggung                  dated December 31, 2024, the Corporate Secretary Division
jawab langsung kepada Direktur Utama dengan struktur                        reports directly to the President Director with the following
sebagai berikut.                                                            structure.



                                                                 Direktur Utama
                                                                President Director




                                                     Group Head Corporate Secretary & Legal




       Manager Corporate
                                         Manager Investor Relation             Manager Corporate Legal             Manager Corporate Secretary
        Communication



        Staff Corporate
                                           Staff Investor Relation               Staff Corporate Legal               Staff Corporate Secretary
        Communication




Tugas dan Tanggung Jawab serta Realisasinya
Duties and Responsibilities and their Realization

                             Uraian Tugas                                                        Realisasi Tahun 2024
                          Description of Duties                                                    2024 Realization

 Berperan sebagai koordinator dalam merencanakan dan melakukan            Menyelenggarakan Public Expose tahun 2023 secara online dan offline
 evaluasi atas semua aspek yang berkaitan dengan hubungan antara          pada 25 April 2024. Keterlibatan dengan pemegang saham dan investor
 Perseroan dan para Pemangku Kepentingan sehingga dapat tercipta          dilakukan untuk memperkuat komunikasi dan hubungan yang harmonis.
 pemahaman, hubungan yang harmonis, serta dukungan masyarakat             Organized the 2023 Public Expose both online and offline on April 25,
 terhadap Perseroan.                                                      2024. Engagement with shareholders and investors was carried out to
 Serves as a coordinator in planning and evaluating all aspects related   strengthen communication and harmonious relations.
 to the relationship between the Company and Stakeholders so that
 understanding, harmonious relations and community support for the
 Company can be created.

 Berperan sebagai penghubung antara perusahaan, khususnya dalam           Melakukan keterbukaan informasi atas aksi korporasi sesuai ketentuan.
 membangun komunikasi dengan pihak-pihak eksternal, sehingga              Sekretaris Perusahaan juga berinteraksi dengan media dan pemegang
 mampu meminimalisasikan kerancuan atau ketidakjelasan yang dapat         saham untuk menjaga transparansi.
 mempengaruhi kinerja dan citra perusahaan.                               Conducted information disclosure on corporate actions in line with
 Serves as a liaison between the company, especially in building          the provisions. The Corporate Secretary also interacts with media and
 communication with external parties, so as to minimize confusion or      shareholders to maintain transparency.
 ambiguity that can affect the performance and image of Company.

 Merencanakan dan menyelenggarakan Rapat Komisaris dan atau Direksi,      Menyelenggarakan RUPS Tahunan tahun buku 2023 dan RUPS Luar Biasa
 Rapat Komite Audit, RUPS, paparan publik, pertemuan dengan para          pada tanggal 25 April 2024. Rapat Dewan Komisaris dan Direksi diadakan
 Pemegang Saham, investor, analis, dan wartawan.                          sebanyak 6 kali, dan risalah rapat disusun sebagai dokumentasi resmi.
 Plans and organizes Board of Commissioners and/or Board of Directors     Organized the 2023 Annual GMS and Extraordinary GMS on April 25,
 Meetings, Audit Committee Meetings, GMS, public expose, meetings with    2024. The Board of Commissioners and Board of Directors meetings
 Shareholders, investors, analysts, and journalists.                      were held 6 times, and the minutes of meetings were prepared as official
                                                                          documentation.




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                            Uraian Tugas                                                             Realisasi Tahun 2024
                         Description of Duties                                                         2024 Realization

 Menyimpan dan mendokumentasikan semua kegiatan perusahaan,                  Mengadministrasikan surat masuk dan menyimpan dokumentasi rapat
 khususnya yang mungkin diperlukan sebagai bukti pendukung pada saat         serta kebijakan dalam arsip digital dan fisik. Sistem arsip memastikan
 Perseroan menghadapi kondisi sulit akibat suatu kebijakan perusahaan        aksesibilitas dan ketertiban dokumen.
 ataupun untuk menghadapi suatu tuntutan hukum.                              Administered incoming mails and stored meeting documentation as
 Stores and documents all company activities, especially those that may be   well as policies in digital and physical archives. These archiving system
 needed as supporting evidence when Company faces difficult conditions       ensures documents’ accessibility and order.
 due to a company policy or faces a lawsuit.

 Menjaga kerahasiaan dokumen maupun data perusahaan.                         Menerapkan kebijakan keamanan dokumen dan data. Pelatihan
 Maintains the confidentiality of company documents and data.                kerahasiaan data diadakan untuk memastikan perlindungan terhadap
                                                                             informasi perusahaan.
                                                                             Implemented security policies of document and data. Held the data
                                                                             confidentiality training to ensure protection of company information.

 Mengikuti perkembangan pasar modal, khususnya peraturan-peraturan           Menyampaikan laporan berkala dan insidentil kepada regulator.
 yang berlaku, serta memberikan masukan kepada Direksi dan Dewan             Sekretaris Perusahaan memberikan masukan terkait perubahan regulasi
 Komisaris tentang ketentuan-ketentuan Pasar Modal.                          pasar modal untuk mendukung pengambilan keputusan.
 Keep abreast of capital market developments, in particular the applicable   Submitted periodic and incidental reports to the regulators. The Corporate
 regulations, as well as provide input to Board of Directors and Board of    Secretary provides input on any changes in the capital market regulations
 Commissioners regarding Capital Market provisions.                          to support decision-making.

 Bekerja sama dengan Divisi Keberlanjutan Perseroan dalam pelaksanaan        Berpartisipasi dalam program CSR bersama Divisi Keberlanjutan,
 kegiatan program keberlanjutan corporate social responsibility (CSR).       mencakup perencanaan, koordinasi, dan publikasi kegiatan CSR kepada
 Collaborates with Company’s Sustainability Division in implementing the     pemangku kepentingan eksternal.
 corporate social responsibility (CSR) sustainability program activities.    Participated in CSR programs together with Sustainability Division,
                                                                             including planning, coordinating, and publishing CSR activities to the
                                                                             external stakeholders.




Program Pengembangan Kompetensi                                                Competency Development Program

Perseroan mendukung pengembangan kompetensi Sekretaris                         The Company supports competency development of Corporate
Perusahaan guna meningkatkan efektivitas dalam menjalankan                     Secretary to improve the effectiveness in carrying out the duties
tugas dan tanggung jawab melalui kegiatan pelatihan,                           and responsibilities through trainings, workshops, seminars,
workshop, seminar, konferensi, kunjungan kerja, dan studi                      conferences, work visits, and comparative studies (benchmark).
banding (benchmark). Partisipasi Sekretaris Perusahaan dalam                   The participation of Corporate Secretary in this program
program ini selama tahun 2024 diungkapkan sebagai berikut.                     throughout 2024 is disclosed below.


                         Materi Pendidikan/Pelatihan                                       Tempat/Tanggal                   Penyelenggara
                         Education/Training Material                                         Venue/Date                       Organizer

 Pendalaman Peraturan Otoritas Jasa Keuangan No. 14/POJK/2022 tentang
 Penyampaian Laporan Keuangan Berkala Emiten atau Perusahaan Publik                            Jakarta,
                                                                                                                    Indonesia Corporate Secretary
                                                                                             7 Maret 2024
 In-Depth Study of Financial Services Authority Regulation No. 14/POJK/2022 on the                                  Association (ICSA)
                                                                                             March 7, 2024
 Submission of Periodic Financial Statements of Issuers of Public Companies

 Pelaksanaan CSR Berbasis ISO:26000                                                             Jakarta,
                                                                                                                    Indonesia Corporate Secretary
                                                                                              4 April 2024
 Implementation of CSR Based on ISO:26000                                                                           Association (ICSA)
                                                                                              April 4, 2024

 Standarisasi Profesi Sekretaris Perusahaan dan Kode Etik Sekretaris Perusahaan                  Jakarta,
                                                                                                                    Indonesia Corporate Secretary
 Standardization of Corporate Secretary Profession and Corporate Secretary Code                11 Juni 2024
                                                                                                                    Association (ICSA)
 of Conduct                                                                                   June 11, 2024

 Workshop Sustainability Reporting: Standards and Implementation & Update Terkini
                                                                                                Jakarta,            Ikatan Akuntan Indonesia (IAI)
 ISSB Standards: IFRS S1 & S2
                                                                                            8-9 Agustus 2024        Institute of Indonesia Chartered
 Workshop Sustainability Reporting: Standards and Implementation & Latest Update            August 8-9, 2024        Accountants (IA)
 of ISSB Standards: IFRS S1 & S2




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   PT Sawit Sumbermas Sarana Tbk.




                         Materi Pendidikan/Pelatihan                                  Tempat/Tanggal                Penyelenggara
                         Education/Training Material                                    Venue/Date                    Organizer

                                                                                                             Gabungan Pengusaha Kelapa
                                                                                          Jakarta,           Sawit Indonesia (GAPKI)
 Indonesia Palm Oil Conference                                                       6-8 November 2024
                                                                                     November 6-8, 2024      Indonesian Palm Oil Association
                                                                                                             (IPOA)

 Pendalaman Peraturan Otoritas Jasa Keuangan No. 15/POJK.04/2022 tentang
 Pemecahan Saham dan Penggabungan Saham oleh Perusahaan Terbuka                           Jakarta,
                                                                                                             Indonesia Corporate Secretary
                                                                                     29 November 2024
 In-Depth Study of Financial Services Authority Regulation No. 15/POJK.04/2022 on                            Association (ICSA)
                                                                                     November 29, 2024.
 Stock Splits and Reverse Stock Splits by Public Companies




Penilaian Kinerja Sekretaris Perusahaan                                    Performance Assessment of Corporate
oleh Direksi                                                               Secretary by the Board of Directors

Penilaian kinerja Sekretaris Perusahaan dilakukan oleh Direksi             Performance assessment of Corporate Secretary was done by
dengan mempertimbangkan beberapa aspek utama, yaitu:                       the Board of Directors by considering several main aspects,
                                                                           namely:
1. Pelayanan, yang mencakup komunikasi investor, jumlah                    1. Services, including investor communication, number and
   dan kualitas laporan Perseroan, serta ketepatan waktu                       quality of Company reports, and timeliness of reporting to
   pelaporan kepada regulator;                                                 the regulator;
2. Proses dan inovasi, meliputi perencanaan, evaluasi, dan                 2. Process and innovation, including the planning, evaluation,
   dukungan terhadap pencapaian KPI Direksi; serta                             and support to achievement of Board of Directors’ KPI; and
3. Efisiensi dan produktivitas, yang menilai pengelolaan                   3. Efficiency and productivity, assessing the administration
   administrasi dan kontribusi terhadap peningkatan                            management and contribution to improvement of employee
   produktivitas karyawan.                                                     productivity.


Hasil evaluasi kinerja tahun 2024 menunjukkan bahwa                        The 2024 performance evaluation results showed the Corporate
Sekretaris Perusahaan telah menjalankan tugas dan tanggung                 Secretary has done his duties and responsibilities effectively. The
jawabnya secara efektif. Sekretaris Perusahaan dinilai berhasil            Corporate Secretary is considered as successful in maintaining
menjaga komunikasi yang baik dengan pemangku kepentingan,                  good communication with the stakeholders, ensuring timely
memastikan pelaporan tepat waktu kepada regulator,                         reporting to the regulators, supporting evaluation process of the
mendukung proses evaluasi KPI Direksi, serta meningkatkan                  Board of Directors’ KPI, and improving efficiency in managing
efisiensi dalam pengelolaan administrasi perusahaan.                       the company’s administration.




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                                                                                                                  Tata Kelola Perusahaan
                                                                                                                    Corporate Governance




Divisi Keberlanjutan
                                                                                                 Sustainability Division


Divisi Keberlanjutan bertugas merencanakan, melaksanakan,                    The Sustainability Division is in charge to plan, execute, and
dan mengawasi inisiatif keberlanjutan perusahaan untuk                       monitor company’s sustainability initiatives to ensure positive
memastikan      kontribusi  positif terhadap  lingkungan,                    contribution to the environment, community, and the economy,
masyarakat, dan ekonomi, serta mendukung pencapaian target                   as well as supporting the achievement of long-terms business
bisnis jangka panjang.                                                       targets.


Penunjukan Penanggung Jawab Keberlanjutan dilakukan                          The appointment of the Division Head refers to Financial
sesuai dengan Surat Edaran Otoritas Jasa Keuangan                            Services Authority Circular No. 16/SEOJK.04/2021 regarding
No. 16/SEOJK.04/2021 tentang Bentuk dan Isi Laporan Tahunan                  the Format and Contents of Annual Report of Issuers and
Emiten atau Perusahaan Publik. Divisi ini bertanggung jawab                  Public Companies. This Division reports directly to the Board
langsung kepada Direksi, dan proses pengangkatan atau                        of Directors, and the appointment or dismissal process of the
pemberhentiannya dilakukan melalui Keputusan Direksi                         Division Head is done with Board of Directors Decree in line with
dengan persetujuan Dewan Komisaris sesuai mekanisme                          the company’s internal mechanism.
internal perusahaan.



Komposisi                                                                    Composition

Struktur keanggotaan Divisi Keberlanjutan pertama kali                       The membership structure of the Sustainability Division was
ditetapkan pada 17 Oktober 2017 dan diperbaharui dengan                      first established on October 17, 2017 and was updated with the
keputusan terbaru Direksi pada 16 September 2023.                            latest Board of Directors Decree on September 16, 2023.



 Pembina             Direksi PT Sawit Sumbermas Sarana Tbk
 Coach               Board of Directors of PT Sawit Sumbermas Sarana Tbk


 Ketua Divisi        Chief Sustainability Officer
 Division Head


 Manajer             •    Manager QHSE System & Certification
 Manager             •    Manager HCV-HCS, Traceability, ISH, RaCP, & Social


                     •    Assistant Manager RSPO, Human Right, & System ISO
                     •    Assistant Manager ISPO, ISCC & Fire Management
 Asisten Manajer     •    Assistant Manager Traceability & Independent Smallholder
 Assistant Manager   •    Assistant Manager Racp
                     •    Assistant Manager HCV - HCS, Environment, Conservation & Waste
                     •    Assistant Manager Communication Media, Budget, Reporting & Doc. Control


                     •    Staff Certification, Human Right & System ISO
                     •    Staff RSPO, Book & Claim
                     •    Staff ISPO & ISCC
                     •    Staff Fire Management
                     •    Staff Social & Traceability
 Staf                •    Staff Independent Smallholder Certification
 Staffs              •    Staff RaCP (Salat Island & Petak Puti)
                     •    Staff RaCP (Masoraian & Danau Seluluk)
                     •    Staff Environment & Waste
                     •    Staff HCV - HCS & Conservation
                     •    Staff Environment & Waste Management
                     •    Staff Administration, Budget, & Document Control




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    PT Sawit Sumbermas Sarana Tbk.




Profil Kepala Divisi Keberlanjutan                                         Sustainability Division Head Profile

Divisi Keberlanjutan dipimpin oleh Henky Satrio Wibowo, yang               The Sustainability Division is led by Henky Satrio Wibowo, who
bertanggung jawab atas penerapan inisiatif keberlanjutan                   is responsible to implement the sustainability initiatives in the
dalam operasional bisnis Perseroan. Berikut informasi                      Company’s business operations. Following is the information on
mengenai Profil Kepala Divisi Keberlanjutan.                               the Profile of the Sustainability Division Head.




                                                Henky Satrio Wibowo
                                                Kepala Divisi Keberlanjutan
                                                Sustainability Division Head


                                                Warga Negara Indonesia, berusia 50 tahun, berdomisili di Pangkalan Bun, Indonesia.
                                                Indonesian Citizen, 50 years old, domiciled in Pangkalan Bun, Indonesia.



       Dasar Hukum Penunjukan                          Pengalaman Kerja
       Legal Basis of Appointment                      Work Experience
Surat keputusan Direksi                         •   Chief Sustainability Officer CBI Group PT Sawit Sumbermas Sarana Tbk (Upstream),
03/CEO/CBI-IN/XI/2023.                              PT Citra Borneo Utama Tbk (CBUT) (Refinery Downstream) and Other Unit Business;
                                                •   Corporate Affair Manager PT Jindal Stainless Indonesia;
Board of Directors Decree                       •   Head of Sustainability and Stakeholders Relation Manager PT Toba Pulp Lestari Tbk;
03/CEO/CBI-IN/XI/2023.                          •   Program Manager REDD+ (Reduce Emission from Deforestation and forest Degradation) at AMAN
                                                    (Aliansi Masyarakat Adat Nusantara/Indigenous People Alliance of Archipelago);
                                                •   Program Manager Business Ethics for Indonesia Business Links;
       Keahlian                                 •   Program Manager SERU! Program for World Population Foundation Indonesia;
       Expertise                                •   Program Manager Advocacy for Coalition for Healthy Indonesia; serta
                                                •   National Project Coordinator/Communication Specialist for Aceh Reconstruction Radio Network di
Sustainability Report, Remediation and              Banda Aceh.
compensation Plan - RSPO (RaCP-RSPO),           •   Chief Sustainability Officer CBI Group PT Sawit Sumbermas Sarana Tbk                  (Upstream),
Traceability, Biodiversity, ESG, Carbon             PT Citra Borneo Utama Tbk (CBUT) (Refinery Downstream) and Other Business Unit;
Calculating based on DRAM and SRN, and          •   Corporate Affair Manager of PT Jindal Stainless Indonesia;
Human Right.                                    •   Head of Sustainability and Stakeholders Relation Manager of PT Toba Pulp Lestari Tbk;
                                                •   Program Manager REDD+ (Reduce Emission from Deforestation and forest Degradation) at
                                                    AMAN (Indigenous People Alliance of Archipelago);
       Sertifikasi                              •   Program Manager Business Ethics for Indonesia Business Links;
                                                •   Program Manager SERU! Program for World Population Foundation Indonesia;
       Certification                            •   Program Manager Advocacy for Coalition for Healthy Indonesia; and
                                                •   National Project Coordinator/Communication Specialist for Aceh Reconstruction Radio Network
•   LAC ISO 45001: 2018 (Occupational               at Banda Aceh.
    Health and Safety - OH&S) (2024);
•   Lead Auditor Certified ISPO (2023);                Riwayat Pendidikan
•   Training on Business and Human Rights
    - IFCC Secretariat (2018);                         Education History
•   Indonesia      Forestry     Certification
                                                •   Magister Management in Sustainability and Corporate Social Responsibility, Universitas Trisakti
    Cooperation - Programme for the                 (2015); serta
    Endorsement of Forest Certification         •   Sarjana Antropologi, Fakultas Sastra dan Ilmu Budaya, Universitas Gadjah Mada.
    (IFCC-PEFC) (2018);
                                                •   Master of Management in Sustainability and Corporate Social Responsibility, Universitas
•   Training on Indigenous People’s                 Trisakti (2015); and
    Community-Based Monitoring and              •   Bachelor of Anthropology, Faculty of Letters and Cultural Science, Universitas Gadjah Mada.
    Information System Training (CMBIS);
•   Training of Trainers (ToT) On Advocacy,            Rangkap Jabatan
    Lobbying and Negotiation Skills in
    Climate Change and REDD+ Negotiation;
                                                       Concurrent Position
•   Passport to Success - conducted             Tidak memiliki rangkap jabatan di perusahaan atau institusi lainnya.
    by Indonesia Business Links, Youth          Held no concurrent position in another company or institution.
    Entrepreneur Start-Up Program (2012);
    dan / and                                          Keanggotaan Asosiasi
•   Sustaining Competitive and Responsible
    Enterprises (SCORE), Apindo and ILO
                                                       Association Membership
    (2011).
                                                •   Member of Complaints Panel RSPO (2024);
                                                •   Member of Human Right Working Group RSPO (2024); dan / and
                                                •   Member of Task Force (Substantive Member) for Principles and Criteria RSPO (2024).




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                                                                                                                     Corporate Governance




Struktur Organisasi Divisi Keberlanjutan                                   Sustainability Division Organizational
                                                                           Structure

Susunan organisasi Divisi Keberlanjutan disusun dan ditetapkan             The Sustainability Division organizational structure was
melalui Keputusan Direksi No. F-HRDGA.GN-001 tanggal                       prepared and established through the Board of Directors
31 Desember 2024 sebagai bagian dari penguatan tata kelola                 Decree No. F-HRDGA.GN-001 dated December 31, 2024 as
keberlanjutan perusahaan.                                                  a part of strengthening the company’s sustainability governance.


                                                  Direktur Utama
                                                 President Director
                                                   PT SSMS Tbk




                                                Head of Sustainability
                                                      Division




            Manager QHSE System                              Manager Environment,
               & Certification                                Social & Biodiversity




                                                   Assistant Manager        Assistant Manager
   Assistant Manager      Assistant Manager                                                        Assistant Manager
                                                     Engagement &            Conservation &
      Certification             QHSE                                                                     RaCP
                                                      Traceability             Biodiversity




           Staff                                         Staff                     Staff                   Staff                  Staff
                                 Staff
     ISO 9001; 14001;                                Engagement &             Environment &         Project RaCP Salat         Communication
                           Fire Management
         & 45001                                      Traceability           Waste Management       Island & Petak Puti           Media




                                                                                                           Staff
         Staff                                            Staff                                                                    Staff
                             Sustainability                                       Staff                Project RaCP
      RSPO & SCCS                                      Smallholder                                                            Admin, Budget, &
                              Coordinator                                       HCV & HCS              Masorayan &
      Certification                                    Certification                                                          Document Control
                                                                                                      Danau Seluluk




          Staff              Sustainability
   ISPO Certification &        Foreman
      Human Right         (Under Operational)




Tugas dan Tanggung Jawab                                                   Sustainability Division Duties and
Divisi Keberlanjutan                                                       Responsibilities

Tugas dan tanggung jawab Divisi Keberlanjutan diungkapkan                  The Sustainability Division duties and responsibilities are
sebagai berikut.                                                           disclosed as follows.
1. Memastikan program sertifikasi ISO 9001:2015, ISO                       1. Ensuring that the ISO 9001:2015, ISO 14001:2018, ISO
   14001:2018, ISO 45001:2018, Supply Chain Certification                      45001:2018, Supply Chain Certification Standard (SCCS),
   Standard (SCCS), International Sustainability and Carbon                    International Sustainability and Carbon Certification (ISCC),
   Certification (ISCC), serta Bisnis dan Hak Asasi Manusia                    as well as Business and Human Rights International
   (BHRISC) berjalan sesuai dengan strategi yang telah                         Standard for Certification (BHRISC) comply with the set
   ditetapkan.                                                                 strategy.




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2. Memastikan program sertifikasi RSPO dan ISPO bagi                         2. Ensuring that the RSPO and ISPO certification programs for
   Perseroan, plasma, dan perkebunan berjalan sesuai                            the Company, plasma and plantations comply with the set
   strategi yang telah ditetapkan.                                              strategy.
3. Memastikan implementasi Sistem Manajemen ISO                              3. Ensuring the implementation of Management Systems ISO
   9001:2015, ISO 14001:2018, ISO 45001:2018, SCCS,                             9001:2015, ISO 14001:2018, ISO 45001:2018, SCCS, ISCC,
   ISCC, BHRISC, serta Komunitas Sosial dan Manajemen                           BHRISC, as well as Social Community and Fire Management
   Kebakaran.
4. Memastikan program traceability system, pengelolaan                       4. Ensuring that the traceability system program, the landscape
   lanskap, kemitraan pelestarian hutan dan pemberdayaan                        management, the forest preservation partnership and
   masyarakat (desa binaan), serta program konservasi                           community empowerment (assisted villages), as well as the
   orangutan sesuai strategi yang telah ditetapkan.                             orangutan conservation program comply with set strategy.
5. Memastikan       penerapan      Kebijakan     Keberlanjutan,              5. Ensuring that the Policies of Sustainability, Biodiversity,
   Keanekaragaman Hayati; No Deforestation, No Peat,                            No Deforestation, No Peat, No Exploitation (NDPE); as well
   No Exploitation (NDPE); serta High Conservation Value (HCV)                  as High Conservation Value (HVC) and High Carbon Stock
   dan High Carbon Stock (HCS) di seluruh unit bisnis Perseroan.                (HCS) are implemented in all business unit of the Company.
6. Memastikan sistem perhitungan dan pencatatan karbon                       6. Ensuring that the carbon calculation and registration
   pada unit bisnis Grup SSMS berjalan efekti.                                  system in SSMS Group business units run effectively.
7. Bertanggung jawab langsung dalam menangani keluhan                        7. Directly responsible for handling external complaints,
   eksternal, permasalahan Lembaga Swadaya Masyarakat                           Non-Governmental Organization (NGO) issues, and
   (LSM), serta keterlibatan dengan pembeli untuk isu                           engagement with buyers for sustainability issues.
   keberlanjutan.



Program Pengembangan Kompetensi                                              Competency Development Program

Sepanjang tahun 2024, Divisi Keberlanjutan mengikuti program                 Throughout 2024, the Sustainability Division participated in
pengembangan kompetensi untuk meningkatkan kapasitas dan                     competency development program to improve capacity and
efektivitas. Program yang diikuti sebagai berikut.                           effectivity. The Program participated in is as follows.


    Nama dan Jabatan                    Materi Pendidikan/Pelatihan                    Tempat/Tanggal                Penyelenggara
    Name and Position                   Education/Training Material                      Venue/Date                    Organizer

                                                                                            Jakarta,
                                LAC ISO 45001: 2018 (Occupational Health and Safety
                                                                                         4-8 Maret 2024       SGS Indonesia
 Henky Satrio Wibowo            (OH&S)
                                                                                         March 4-8, 2024
 Kepala Divisi Keberlanjutan
 Sustainability Division Head                                                               Jakarta,
                                Auditor ISPO
                                                                                       15-16 Agustus 2024     PT TSI Sertifikasi Internasional
                                ISPO Auditor
                                                                                       August 15-16, 2024




Pelaksanaan Tugas                                                            Implementation of Duty

Selama tahun 2024, Divisi Keberlanjutan berperan dalam                       Throughout 2024, the Sustainability Division engaged in various
berbagai inisiatif keberlanjutan di RSPO, antara lain:                       sustainability initiatives in RSPO, including:
1. RSPO - Complaint Panel;                                                   1. RSPO - Complaint Panel;
2. RSPO - Indonesian Grower Caucus;                                          2. RSPO - Indonesian Grower Caucus;
3. RSPO Task Forces – Substantive; serta                                     3. RSPO Task Forces – Substantive; and
4. RSPO - Human Right Working Group.                                         4. RSPO - Human Right Working Group.




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                                                                                                        Tata Kelola Perusahaan
                                                                                                          Corporate Governance




Audit Internal
                                                                                                    Internal Audit

Audit internal adalah aktivitas independen dan objektif yang       Internal Audit is an independent and objective activities
memberikan keyakinan dan konsultasi untuk meningkatkan             providing assurance and consultation to improve company’s
nilai serta kinerja operasional perusahaan. Audit ini dilakukan    values and operational performance. This audit is carried out
secara sistematis dengan mengevaluasi dan memperbaiki              systematically by evaluating and improving the effectiveness
efektivitas manajemen risiko, pengendalian internal, dan           of risk management, internal control, and the corporate
proses tata kelola perusahaan.                                     governance process.


Sebagai bagian dari upaya memastikan efektivitas audit internal,   As part of the effort to ensure effectiveness of internal audit,
perusahaan memiliki Unit Audit Internal yang bertugas menguji      the company has an Internal Audit Unit in charge of testing and
dan mengevaluasi pengendalian internal serta manajemen             evaluating the internal control as well as the risk management
risiko sesuai kebijakan perusahaan. Pembentukan Unit Audit         in accordance with company policies. The Internal Audit Unit
Internal ini mengacu pada Peraturan Otoritas Jasa Keuangan         was established by referring to Financial Services Authority
No. 56/POJK.04/2015 tentang Pembentukan dan Pedoman                Regulation No. 56/POJK.04/2015 on the Establishment and
Penyusunan Piagam Unit Audit Internal.                             Guidelines for the Preparation of the Internal Audit Unit Charter.



Pedoman Kerja                                                      Work Guidelines

Unit Audit Internal memiliki Piagam Audit Internal yang            The Internal Audit Unit has Internal Audit Charter, ratified
disahkan pada 31 Juli 2019 dan dipublikasikan di situs web         on July 31, 2019 and published in the Company’s website.
Perseroan. Piagam ini dievaluasi secara berkala untuk              This Charter is evaluated periodically to adjust with current
menyesuaikan dengan kondisi terkini. Piagam tersebut menjadi       conditions. The Charter is the reference for Internal Audit Unit
acuan bagi Unit Audit Internal dalam menjalankan tugas dan         in implementing its duties and responsibilities for effective,
tanggung jawabnya agar pelaksanaan audit berjalan efektif,         efficient, transparent, audit implementation, and in accordance
efisien, transparan, dan sesuai dengan ketentuan yang berlaku.     with the applicable regulations.




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   PT Sawit Sumbermas Sarana Tbk.




Profil Kepala Unit Audit Internal
Profile of Head of Internal Audit Unit




                                        Anjar Widiarso
                                        Kepala Unit Audit Internal
                                        Head of Internal Audit Unit


                                        Warga Negara Indonesia, berusia 53 tahun, berdomisili di Pangkalan Bun, Indonesia.
                                        Indonesian Citizen, 53 years old, domiciled in Pangkalan Bun, Indonesia.




      Dasar Hukum Penunjukan                   Pengalaman Kerja
      Legal Basis of Appointment               Work Experience
Surat Keputusan Direktur Utama
                                        •   Plt. Kepala Departemen Internal Audit PT Sawit Sumbermas Sarana Tbk (2019-2022);
No. 0102/MMS-HRD/SKM/PKA/II/2022.
                                        •   Manager Internal Audit PT Sawit Sumbermas Sarana Tbk (2017-2019);
President Director Decree               •   Kepala Seksi Internal Audit PT Sawit Sumbermas Sarana Tbk (2012-2017);
No. 0102/MMS-HRD/SKM/PKA/II/2022.       •   Management Accountant PT Delta Djakarta Tbk (2011-2012);
                                        •   Senior Internal Auditor PT Delta Djakarta Tbk (2007-2011);
                                        •   Internal Auditor PT Delta Djakarta Tbk (2005-2007);
      Keahlian                          •   Staf Satuan Pengawasan Internal PT Indo Farma Tbk (2002-2005);
      Expertise                         •   Data Mining and Processing Data Support in Loan Outsourcing Division
                                            PT Bank Danamon Indonesia Tbk (2000-2002); serta
Internal Audit, Risk Management,        •   Verificator (Internal Auditor) PT Bank Danamon Indonesia Tbk (1996-2000).
Financial Accounting, Data Analytics,
                                        •   Acting Head of Internal Audit Department of PT Sawit Sumbermas Sarana Tbk
Fraud Detection, serta Reporting &          (2019-2022);
Documentation.                          •   Internal Audit Manager of PT Sawit Sumbermas Sarana Tbk (2017-2019);
Internal Audit, Risk Management,        •   Section Head of Internal Audit of PT Sawit Sumbermas Sarana Tbk (2012-2017);
Financial     Accounting,      Data     •   Management Accountant of PT Delta Djakarta Tbk (2011-2012);
Analytics, Fraud Detection, as well     •   Senior Internal Auditor of PT Delta Djakarta Tbk (2007-2011);
                                        •   Internal Auditor of PT Delta Djakarta Tbk (2005-2007);
as Reporting & Documentation.
                                        •   Internal Audit Unit Staff of PT Indo Farma Tbk (2002-2005);
                                        •   Data Mining and Processing Data Support in Loan Outsourcing Division of
                                            PT Bank Danamon Indonesia Tbk (2000-2002); and
      Riwayat Pendidikan
                                        •   Verificator (Internal Auditor) of PT Bank Danamon Indonesia Tbk (1996-2000).
      Education History
Sarjana Akuntansi, Universitas
                                               Sertifikasi
Islam Indonesia, Yogyakarta.
                                               Certification
Bachelor of Accounting, Universitas
Islam Indonesia, Yogyakarta.            •   Certified Professional Audit Manager (CPAM) Pusat Pengembangan Akuntansi &
                                            Keuangan (PPA&K) (2022);
                                        •   Audit Intern Advance II Yayasan Pendidikan Internal Audit (YPIA) (2010);
      Rangkap Jabatan                   •   Audit Intern Advance I Yayasan Pendidikan Internal Audit (YPIA) (2008);
      Concurrent Position               •   Effective Report Writing Yayasan Pendidikan Internal Audit (YPIA) (2007);
                                        •   Workshop SAP FI & CO Modules (2005); dan
Tidak memiliki rangkap jabatan di       •   Audit Intern Basic I Yayasan Pendidikan Internal Audit (YPIA) (2004).
perusahaan atau institusi lainnya.      •   Certified Professional Audit Manager (CPAM) Center for Accounting & Finance
Held no concurrent position in              Development (PPA&K) (2022);
another company or institution.         •   Audit Intern Advance II Internal Audit Education Foundation (YPIA) (2010);
                                        •   Audit Intern Advance I Internal Audit Education Foundation (YPIA) (2008);
                                        •   Effective Report Writing Internal Audit Education Foundation (YPIA) (2007);
                                        •   Workshop SAP FI & CO Modules (2005); and
                                        •   Audit Intern Basic I Internal Audit Education Foundation (YPIA) (2004).




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Struktur Organisasi Unit Audit Internal                                           Organizational Structure of Internal
                                                                                  Audit Unit

Keputusan      Direksi   No.    F-HRDGA.GN-001       tanggal                      Board of Directors Decree No. F-HRDGA.GN-001 dated
31 Desember 2024 menetapkan susunan organisasi Unit                               December 31, 2024 established the organizational structure
Audit Internal sebagai bagian dari struktur perusahaan. Unit                      of Internal Audit Unit as part of the company structure.
Audit Internal secara langsung melapor dan bertanggung                            The Internal Audit Unit directly reports and responsible to
jawab kepada Direktur Utama, sesuai dengan ketentuan yang                         the President Director, in line with the provisions stated in
tercantum dalam struktur berikut.                                                 the following structure.




                                                        Department Head of
                                                          Internal Audit




                       Manager Internal Audit                                              Manager Internal Audit
                           (Upstream)                                                          (Upstream)




    ASSISTANT                 ASSISTANT            ASSISTANT          ASSISTANT                   ASSISTANT            ASSISTANT
    MANAGER                   MANAGER              MANAGER            MANAGER                     MANAGER              MANAGER
 INTERNAL AUDIT            INTERNAL AUDIT       INTERNAL AUDIT     INTERNAL AUDIT              INTERNAL AUDIT       INTERNAL AUDIT




                                                                                                                                             Staff Admin
   Staff Auditor            Staff Auditor        Staff Auditor          Staff Auditor            Staff Auditor       Staff Auditor          Internal Audit
                                                                                                                                             (Upstream)



          Senior Manager
          Manager
          Assistant Manager
          Assistant




Alur Pengangkatan/Pemberhentian Kepala Unit Audit Internal
Flow of Appointment/Dismissal of Head of Internal Audit Unit

                   1                                     2                                         3                                    4

     Penyampaian usulan                          Dewan Komisaris                        Penetapan pengangkatan/              Menyampaikan laporan
         pengangkatan/                        memberikan persetujuan                     pemberhentian melalui              mengenai pengangkatan/
    pemberhentian Kepala                    dengan mempertimbangkan                     Surat Keputusan Direksi.             pemberhentian Kepala
   Unit Audit Internal kepada                rekomendasi Komite Audit.                  Decision of appointment/            Unit Audit Internal kepada
   Dewan Komisaris melalui                         The Board of                          dismissal by Board of               Otoritas jasa Keuangan.
          Komite Audit.                        Commissioners gives                         Directors Decree.                  Submit Report of the
    Submission of proposed                    approval by considering                                                        Appointment/Dismissal
     appointment/dismissal                  the recommendation of the                                                       of Head of Internal Audit
    of Head of Internal Audit                    Audit Committee.                                                           Unit to Financial Services
       Unit to the Board of                                                                                                         Authority.
    Commissioners through
        Audit Committee.




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Sumber Daya Manusia dan                                                      Human Resources and
Sertifikasi Profesi                                                          Professional Certification

Hingga akhir 2024, jumlah anggota Unit Audit Internal Perseroan              As of end of 2024, the Company’s Internal Audit Unit has 23
tercatat sebanyak 23 orang. Susunan ini terdiri dari seorang                 people. This composition consists of the Chairman, 2 Internal
Ketua, 2 Manajer Unit Audit Internal, 3 Kepala Seksi Unit Audit              Audit Unit Manager, 3 Internal Audit Unit Section Head, 16
Internal, 16 Staf Auditor, dan 1 Administrasi. Beberapa anggota              Auditor Staff, and 1 Administration. Members of the Internal
Unit Audit Internal telah memiliki sertifikat profesi, dengan                Audit Unit who already have professional certificates are
rincian sebagai berikut.                                                     detailed below.


                                                                                          Jumlah Personil Audit Internal yang Memiliki
      Sertifikasi Profesi                           Dikeluarkan oleh                                   Sertifikasi Profesi
   Professional Certification                           Issued by                         Number of Internal Audit Personnel Obtaining
                                                                                                  Professional Certification

                                          Yayasan Pendidikan Internal Audit (YPIA)
 Qualified Internal Auditor (QIA)                                                                                1
                                         Internal Audit Education Foundation (YPIA)

 Certified Professional Audit             Badan Nasional Sertifikasi Profesi (BNSP)
                                                                                                                 1
 Manager (CPAM)                       National Professional Certification Agency (BNSP)

 Certified Internal Audit Officer         Badan Nasional Sertifikasi Profesi (BNSP)
                                                                                                                 2
 (CIAO)                               National Professional Certification Agency (BNSP)

 Certified Practitioner of Internal       Badan Nasional Sertifikasi Profesi (BNSP)
                                                                                                                 2
 Audit (CPIA)                         National Professional Certification Agency (BNSP)

 Associate Certified Competent            Badan Nasional Sertifikasi Profesi (BNSP)
                                                                                                                 2
 Internal Auditor (ACCIA)             National Professional Certification Agency (BNSP)

                                                Ikatan Akuntan Indonesia (IAI)
 Chartered Accountant (CA)                                                                                       1
                                      Institute of Indonesia Chartered Accountants (IA)




Tugas dan Tanggung Jawab                                                     Duties and Responsibilities

Tugas dan tanggung jawab Unit Audit Internal Perseroan                       The duties and responsibilities of the Company’s Internal Audit
diungkapkan sebagai berikut.                                                 Unit are disclosed as follows.
1. Menyusun strategi dan rencana kerja audit tahunan serta                   1. Develop an annual audit strategy and work plan, as well
    pengembangan kemampuan dan keterampilan auditor                              as developing auditor capabilities and skills based on risk-
    berdasarkan hasil analisis risiko (risk based audit) yang                    based audit faced by management in achieving the mission,
    dihadapi manajemen dalam pencapaian misi, visi, strategi                     vision, company strategy and business strategy.
    perusahaan dan strategi bisnis.
2. Menguji dan mengevaluasi pelaksanaan pengendalian                         2. Test and evaluate the implementation of internal control
    internal dan sistem manajemen risiko sesuai dengan                          and risk management systems in accordance with company
    kebijakan perusahaan.                                                       policy.
3. Mempersiapkan dan melaksanakan audit ketaatan                             3. Prepare and carry out the compliance audit on various
    (compliance audit) terhadap berbagai ketentuan dan                          provisions and regulations, including company budgets and
    peraturan termasuk anggaran dan target perusahaan.                          targets.
4. Mempersiapkan dan melaksanakan audit keuangan                             4. Prepare and carry out financial audit on certain items to
    (financial audit) atas pos-pos tertentu untuk mendukung                     support audits of financial statements by external auditors.
    audit laporan keuangan oleh auditor eksternal.
5. Mempersiapkan dan melaksanakan audit operasional                          5. Prepare and carry out operational audit (operational or
    (operational atau management audit) untuk mengukur                          management audit) to measure the level of efficiency,
    tingkat efisiensi, keefektifan, pelaksanaan kegiatan                        effectiveness, implementation of management activities in
    manajemen dalam mencapai misi, tujuan dan strategi yang                     achieving the established mission, goals and strategies, as
    telah ditetapkan serta tingkat operational excellency yang                  well as the expected level of operational excellence.
    diharapkan.




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6. Mempersiapkan dan melaksanakan audit terhadap sistem           6. Prepare and carry out audit of management information
    informasi manajemen.                                              systems.
7. Mempersiapkan dan melaksanakan audit khusus                    7. Prepare and carry out special audit (investigative audit),
    (investigative audit), terutama atas penugasan dari Chief         especially on assignment from Chief Executive Officer
    Executive Officer dan/atau Dewan Komisaris dan permintaan         and/or Board of Commissioners and at the request of
    manajemen atas persetujuan Chief Executive Officer.               management with the approval of Chief Executive Officer.
8. Mempersiapkan dan melaksanakan audit pasif (desk audit)        8. Prepare and carry out passive audit (desk audit) of
    terhadap laporan aktivitas manajemen.                             management activity reports.
9. Melakukan pemantauan dan pengecekan atas pelaksanaan           9. Monitoring and checking the implementation of follow up
    tindak lanjut (corrective action) atas hasil internal audit       (corrective action) on the results of internal and external
    maupun eksternal.                                                 audit.
10. Memberikan masukan dalam penyempurnaan sistem,                10. Provide input in the improvement of systems, procedures,
    prosedur, anggaran dan kebijakan yang diperlukan                  budgets and policies needed to achieve efficiency and
    bagi tercapainya efisiensi dan keefektifan kegiatan dan           effectiveness of activities and internal controls so that they
    pengendalian internal sehingga selaras dengan misi dan            are in line with the company’s mission, goals and strategy.
    tujuan serta strategi perusahaan.
11. Melakukan dan memberikan kontribusi untuk peningkatan         11. Conducting and contributing to the improvement of effective
    pengendalian yang efektif dengan meninjau dan                     control by reviewing and evaluating the internal control on
    mengevaluasi pengendalian internal pada semua unit                all of the business units within the company.
    kegiatan di lingkungan perusahaan.
12. Melakukan evaluasi dan memberikan kontribusi pada             12. Evaluate and contribute to the improvement of the risk
    peningkatan proses manajemen risiko dengan membantu               management process by helping the company identify and
    perusahaan mengidentifikasi dan mengevaluasi eksposur             evaluate significant risk exposures.
    risiko yang signifikan.
13. Menilai dan membuat rekomendasi untuk peningkatan             13. Assess and make recommendations to the improvement of
    proses governance.                                                the governance processes.
14. Mengevaluasi kecukupan dari indikator pengukuran kinerja      14. Evaluate the adequacy of the performance measurement
    yang digunakan.                                                   indicators used.
15. Menyusun dan menyempurnakan standar kerja internal            15. Develop and improve internal audit work standards and
    audit dan panduan internal audit perusahaan.                      company internal audit guidelines.
16. Melakukan koordinasi kegiatan internal audit dengan           16. Coordinate internal audit activities with the activities of
    kegiatan unit-unit manajemen lain di lingkungan                   other management units within the company.
    perusahaan.
17. Menyampaikan laporan hasil audit, rekomendasi perbaikan       17. Submit audit results report, improvement recommendations
    dan tindak lanjut yang telah, sedang dan/atau belum               and follow-up actions that have been done, on progress
    dilaksanakan manajemen kepada Direktur Utama dengan               and/or not yet implemented by the management to the
    tembusan kepada Dewan Komisaris.                                  President Director with a copy to Board of Commissioners.
18. Memantau, menganalisa, dan melaporkan pelaksanaan             18. Monitor, analyze, and report the implementation of the
    tindak lanjut perbaikan yang telah disarankan.                    recommended follow-up improvements.
19. Bekerja sama dan memiliki arus koordinasi kerja dengan        19. Cooperate and establish work coordination flow with the
    Komite Audit.                                                     Audit Committee;.
20. Melakukan pemeriksaan khusus apabila diperlukan.              20. Carry out special inspections if necessary.
21. Secara berkala, menyusun program untuk mengevaluasi           21. Periodically, prepare a program to evaluate the quality of
    mutu kegiatan internal audit yang dilakukan dan                   internal audit activities carried out and submit progress
    menyampaikan laporan kemajuan pelaksanaan tugas dan               reports on the implementation of audit duties and functions
    fungsi audit kepada Direktur Utama.                               to the President Director.
22. Berkoordinasi dengan pihak eksternal berdasarkan              22. Coordinate with external parties based on assignments
    penugasan dari Direktur Utama dalam kaitannya dengan              from the President Director in relation to supervisory duties
    tugas-tugas pengawasan di perusahaan.                             in the company.
23. Menyelenggarakan administrasi (back office) untuk             23. Organizing administration (back office) to support orderly
    mendukung tertib administrasi dan pelaporan hasil audit           administration and reporting of internal audit results.
    internal audit.




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Kode Etik Auditor Internal                                                   Internal Auditor Code of Ethics

Kode Etik Auditor Internal Perseroan mengacu pada Kode                       The Company’s Internal Auditor Code of Ethics refers to the Code
Etik dari The Institute of Internal Auditors, yang memuat                    of Ethics of The Institute of Internal Auditors, which contains
standar perilaku sebagai panduan dalam menjalankan                           the standards of conduct as guidelines in carrying out the
praktik audit internal. Kode Etik ini memastikan Auditor                     internal audit practices. This Code of Ethics ensures all Internal
Internal melaksanakan tugas secara profesional, objektif, dan                Auditors perform their duties professionally, objectively, and
berintegritas.                                                               with integrity.


 Integritas        Menunjukkan kejujuran, obyektivitas, dan kesungguhan dalam melaksanakan tugas, serta taat hukum dan etika Perseroan.
 Integrity         Demonstrate honesty, objectivity, and sincerity in carrying out the duties, as well as obeying the law and ethics of the Company.
                   Tidak melakukan kegiatan yang dapat berpotensi/menimbulkan konflik dengan kepentingan Perusahaan, tidak menerima
                   sesuatu dalam bentuk apa pun dari auditee dan pihak lain yang terkait dengan pekerjaan audit, mengungkapkan semua fakta
 Objektivitas      penting dan material serta tidak menutupi adanya praktik-praktik yang melanggar hukum.
 Objectivity       Not doing activities that can potentially/cause conflict with the Company’s interests, not accepting anything in any form from the
                   auditee and other parties related to the audit, disclosing all important and material facts and not covering up the existence of
                   unlawful practices.
                   Bersikap hati-hati dan bijaksana dalam menggunakan informasi yang diperoleh, selalu menjaga kerahasiaan data dan informasi
                   terkait dengan pelaksanaan tugasnya, serta tidak menggunakan informasi untuk keuntungan pribadi atau kelompok yang dapat
 Kerahasiaan       menimbulkan kerugian Perseroan.
 Confidentiality   Exercise caution and prudence in using the information obtained, always maintain the confidentiality of data and information
                   related to the implementation of its duties and not using the information for the interests of personal or group that can be
                   detrimental to the Company.
                   Melaksanakan setiap penugasan dengan menggunakan pengetahuan, keahlian, pengalaman, dan kompetensi profesional yang
 Kompetensi        dimiliki, senantiasa meningkatkan kompetensi serta efektivitas dan kualitasnya secara berkelanjutan.
 Competency        Carry out each assignment by utilizing the knowledge, expertise, experience, and professional competence, always improving
                   their competence and effectiveness and quality on an ongoing basis.




Sistem Informasi Manajemen Audit                                             Audit Management Information System

Sistem Informasi Manajemen Audit dirancang untuk mendukung                   The Audit Management Information System is designed to
proses audit internal dengan menyediakan alat dan teknologi                  support the internal audit process by providing the tools and
yang memungkinkan pengelolaan data, pemantauan, dan                          technologies that allow efficient data management, monitoring,
pelaporan audit secara efisien. Sistem ini mendukung auditor                 and audit reporting. This system supports the internal auditors
internal dalam seluruh siklus audit, mulai dari perencanaan,                 throughout the entire audit cycle, from planning and execution
pelaksanaan, hingga tindak lanjut temuan.                                    to follow-up on the findings.


Pada tahun 2024, Perseroan belum memiliki sistem ini.                        As of 2024, the Company did not have this system yet. However,
Namun, Unit Audit Internal sedang mengkaji implementasi                      currently the Internal Audit Unit is evaluating implementation
dan pengesahan sistem untuk memastikan penerapannya pada                     and approval of the system to ensure its deployment next year.
tahun mendatang.



Metodologi Audit                                                             Audit Methodology

Unit Audit Internal menerapkan metodologi audit berbasis risiko              The Internal Audit Unit is using the risk-based audit methodology,
(risk based audit) yang digunakan sejak tahap perencanaan audit              since the planning stage of annual audit, audit implementation,
tahunan, pelaksanaan audit, hingga pelaporan. Penilaian risiko               to reporting. Risk assessments are conducted comprehensively,
dilakukan secara menyeluruh, mencakup unit kerja di kantor                   covering the work units located both at the head office as well as
pusat maupun unit bisnis.                                                    at the business units.



Rapat                                                                        Meetings

Sepanjang tahun 2024, Unit Audit Internal telah melakukan                    Throughout 2024, the Internal Audit Unit held 4 meetings with
rapat dengan Direksi dan Dewan Komisaris sebanyak 4 kali dan                 the Board of Directors and Board of Commissioners, and 5
rapat dengan Komite Audit sebanyak 5 kali.                                   meetings with the Audit Committee.




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Pengembangan Kompetensi                                                      Competency Development

Sepanjang tahun 2024, anggota Unit Audit Internal mengikuti                  Throughout 2024, the Internal Audit Unit members participated
program pengembangan kompetensi untuk meningkatkan                           in competency development programs to improve their capacity
kapasitas dan efektivitas. Program yang diikuti sebagai berikut.             and effectiveness. The programs participated are as follows:


     Nama dan Jabatan              Materi Pendidikan/Pelatihan                 Tempat/Tanggal                     Penyelenggara
     Name and Position             Education/Training Material                   Venue/Date                         Organizer

                               Workshop Sustainability Reporting:
                               Standards and Implementation & Update
 Anjar Widiarso                                                                    Jakarta,          Ikatan Akuntan Indonesia (IAI)
                               Terkini ISSB Standards: IFRS S1 & S2
 Kepala Unit Audit Internal                                                    8-9 Agustus 2024      Institute of Indonesia Chartered
                               Workshop Sustainability Reporting:              August 8-9, 2024      Accountants (IA)
 Head of Internal Audit Unit
                               Standards and Implementation & Latest
                               Update of ISSB Standards: IFRS S1 & S2

                                                                                                     Pusat Pengembangan Akuntansi & Keuangan
 Ahmad Taufiq                                                                        Bogor,
                               Audit Operasional & Assessment ACCIA                                  (PPA&K)
                                                                               22 April-2 Mei 2024
 Manager                       Operational Audit & ACCIA Assessment                                  Center for Accounting & Finance
                                                                              April 22-May 2, 2024
                                                                                                     Development (PPA&K)

                                                                                   Jakarta,
                               Sertifikasi QIA Manajerial                                            Yayasan Pendidikan Internal Audit (YPIA)
                                                                              19-28 Agustus 2024
                               QIA Managerial Certification                                          Internal Audit Education Foundation (YPIA)
                                                                              August 19-28, 2024

 Besar Ardhi Nugraha           Workshop Standar Audit & Code Ethic Profesi          Jakarta,
                                                                                                     Yayasan Pendidikan Internal Audit (YPIA)
                               Audit Standards & Professional Code of         4-5 September 2024
 Manager                                                                                             Internal Audit Education Foundation (YPIA)
                               Ethics Workshop                                September 4-5, 2024

                               Workshop Internal Control Framework (COSO)          Jakarta,
                                                                                                     Yayasan Pendidikan Internal Audit (YPIA)
                               Internal Control Framework (COSO)              7-8 November 2024
                                                                                                     Internal Audit Education Foundation (YPIA)
                               Workshop                                       November 7-8, 2024

                                                                                                     Pusat Pengembangan Akuntansi & Keuangan
 Ramadhani                                                                          Bogor,
                               Audit Operasional & Assessment ACCIA                                  (PPA&K)
                                                                                18-28 Juni 2024
 Assistant Manager             Operational Audit & ACCIA Assessment                                  Center for Accounting & Finance
                                                                               June 18-28, 2024
                                                                                                     Development (PPA&K)

                                                                                                     Pusat Pengembangan Akuntansi & Keuangan
 Deneb Danuth Thahar                                                                Bogor,
                               Dasar-dasar Audit                                                     (PPA&K)
                                                                              19-29 Februari 2024
 Staff                         Basics of Auditing                                                    Center for Accounting & Finance
                                                                              February 19-29, 2024
                                                                                                     Development (PPA&K)

 Pujiono                                                                           Jakarta,
                               Certified Internal Audit Officer (CIAO)          9-12 Juli 2024       PPM Manajemen
 Staff Auditor                                                                  July 9-12, 2024

 Victor Julianto Simanullang                                                       Jakarta,
                               Certified Internal Audit Officer (CIAO)          9-12 Juli 2024       PPM Manajemen
 Staff                                                                          July 9-12, 2024

 Rinaldi Sinaga                                                                    Jakarta,
                               Certified Practitioner of Internal Audit                              Yayasan Pendidikan Internal Audit (YPIA)
                                                                             3-13 September 2024
 Auditor Staff                 (CPIA)                                                                Internal Audit Education Foundation (YPIA)
                                                                             September 3-13, 2024

 Muhammad Irshan Kahfi                                                             Jakarta,
                               Certified Practitioner of Internal Audit                              Yayasan Pendidikan Internal Audit (YPIA)
                                                                             3-13 September 2024
 Staff                         (CPIA)                                                                Internal Audit Education Foundation (YPIA)
                                                                             September 3-13, 2024




Pelaksanaan Tugas                                                            Implementation of Duty

Sepanjang tahun 2024, Unit Audit Internal telah melaksanakan                 Throughout 2024, the Internal Audit Unit has carried out audit
kegiatan audit dan konsultasi untuk memastikan kepatuhan dan                 and consulting activities to ensure compliance and operational
efektivitas operasional, dengan rincian sebagai berikut.                     effectiveness, with details as follows.
1. Meninjau, memperbaiki, dan menyusun SOP terkait                           1. Reviewing, improving, and preparing SOP of procurement
    pengadaan dan operasional, termasuk pengadaan Katu                           and operations, including Katu Galam procurement and
    Galam dan prosedur ganti rugi lahan.                                         land compensation procedure.




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2. Melakukan audit dan evaluasi prosedur pengelolaan kas               2. Conducting audit dan evaluating the cash management
   untuk memastikan kepatuhan dan efektivitas tata kelola                 procedure to ensure compliance and effectiveness of
   keuangan, seperti dalam pengelolaan uang kas di Yayasan                financial governance, i.e. cash management in Abdul Rasyid
   Abdul Rasyid.                                                          Foundation.
3. Meninjau SOP Engineering, terutama dalam proses                     3. Reviewing Engineering SOP, particularly the Unstrip
   sampling Unstrip Bunch di pabrik kelapa sawit untuk                    Bunch sampling process at the palm oil mill to ensure
   memastikan efisiensi dan kepatuhan terhadap standar                    efficiency and adherence to operational standards .
   operasional.
4. Mengawasi dan memperbaiki integrasi sistem antara data              4. Supervising and improving the system integration between
   Weighbridge dan proses pembayaran di FFB Trading, guna                 the Weighbridge data and the payment process at FFB
   memastikan keakuratan dan transparansi transaksi.                      Trading, to ensure transactions accuracy and transparency.
5. Mengkaji pemberian premi tetap bagi nakhoda dan ABK LCT             5. Reviewing fix premium provision for Captains and LCT Crew
   di PKE, untuk memastikan kebijakan kompensasi berjalan                 at PKE, to ensure compensation policy is running according
   sesuai standar dan transparan.                                         to standard and transparent.


Jumlah Penugasan                                                       Number of Assignments
Sepanjang tahun 2024, Unit Audit Internal telah melaksanakan           Throughout 2024, the Internal Audit Unit has carried out 118
118 penugasan, dengan rincian sebagai berikut.                         assignments, with details as follows.


      No. Surat Penugasan                                                 Judul Penugasan
      Letter of Assignment                                               Assignment Subject

 001/ST-IA/I/2024             General Audit Selangkun Mill

 002/ST-IA/I/2024             General Audit Basarang Estate

 003/ST-IA/I/2024             Pemeriksaan Pengadaan Galam Regional 3 / Procurement Examination Galam Regional 3

 004/ST-IA/I/2024             General Audit Suja Estate

 005/ST-IA/I/2024             General Audit Karang Taba Estate

 006/ST-IA/I/2024             General Audit Multi Usaha Abadi

 007/ST-IA/I/2024             Kehilangan TBS Maliku Estate / FFB Loss Maliku Estate

 008/ST-IA/I/2024             General Audit Kondang Estate

 009/ST-IA/I/2024             General Audit Sulung Estate

 010/ST-IA/I/2024             General Audit Rangda Estate

 011/ST-IA/I/2024             General Audit Tanjung Beringin Estate

 012/ST-IA/I/2024             General Audit Departemen Plasma / General Audit Plasma Department

 013/ST-IA/II/2024            General Audit PKS Malata / General Audit POM Malata

 014/ST-IA/II/2024            General Audit Betawi Estate

 015/ST-IA/II/2024            General Audit Pangkoh Estate

 016/ST-IA/II/2024            General Audit PKS Sulung / General Audit POM Sulung

 017/ST-IA/II/2024            General Audit PKS Nanga Kiu / General Audit POM Nanga Kiu

 018/ST-IA/II/2024            General Audit Departemen Engineering / General Audit Engineering Department

 019/ST-IA/III/2024           General Audit Limau 1 Estate




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    No. Surat Penugasan                                                    Judul Penugasan
    Letter of Assignment                                                  Assignment Subject

 020/ST-IA/III/2024        Spesial Pencurian Solar GDE / Special Diesel Fuel Theft GDE

 021/ST-IA/III/2024        General Audit Project PKS Pangkoh / General Audit Project POM Pangkoh

 022/ST-IA/III/2024        General Audit Borneo Sawit Gemilang

 023/ST-IA/III/2024        General Audit Training & Development

                           Pemeriksaan Pengaduan Karyawan (Kurang Saldo BPJS Ketenagakerjaan) /
 024/ST-IA/III/2024
                           Examination on Employee Complaint (Minus Balance of BPJS Health)

                           Spesial Audit - Verifikasi Tower BTS Roboh- Pulau Estate /
 025/ST-IA/III/2024
                           Special Audit – Verification of Collapsed BTS Tower – Pulau Estate

 026/ST-IA/III/2024        General Audit Malata Estate

 027/ST-IA/III/2024        General Audit Sumber Cahaya Mill

 028/ST-IA/III/2024        General Audit Workshop Regional 4

 029/ST-IA/III/2024        General Audit Bulking

 030/ST-IA/III/2024        Special Audit - Dana BOS Department CSR / Special Audit BOS Fund CSR Department

 031/ST-IA/IV/2024         Special Audit - Plasma Mitra Bina Suayap

 032/ST-IA/IV/2024         General Audit Plasma Mitra Bina Suayap - Umpang Estate

 033/ST-IA/IV/2024         General Audit Nanga Kiu Estate

 034/ST-IA/IV/2024         General Audit Merambang Estate

                           General Audit Departemen Keuangan
 035/ST-IA/IV/2024
                           General Audit Finance Department

 036/ST-IA/IV/2024         General Audit Direktorat Sustainability / General Audit Sustainability Directorate

 037/ST-IA/IV/2024         General Audit Departemen CSR / General Audit CSR Department

 038/ST-IA/IV/2024         General Audit Sulung Research Station (SRS)

 039/ST-IA/IV/2024         General Audit Limau 2 Estate

 040/ST-IA/V/2024          General Audit Nanuah Estate

 041/ST-IA/V/2024          General Audit Supply Chain Management (SCM)

 042/ST-IA/V/2024          Special Audit - Pengupahan Sulung Estate / Special Audit – Compensation/Wage Sulung Estate

 043/ST-IA/V/2024          General Audit Natai Baru Mill

 044/ST-IA/V/2024          General Audit Sumber Cahaya Estate

 046/ST-IA/V/2024          General Audit Kanamit Estate

 047/ST-IA/V/2024          General Audit Bahaur Estate

 048/ST-IA/V/2024          General Audit Natai Baru Estate

 049/ST-IA/V/2024          General Audit Sepondam Estate

 050/ST-IA/V/2024          General Audit Sungai Bulik Estate




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      No. Surat Penugasan                                                     Judul Penugasan
      Letter of Assignment                                                   Assignment Subject

051/ST-IA/V/2024             Spesial Audit - Verifikasi Kehilangan Solar / Special Audit – Verification of Diesel Fuel Loss

052/ST-IA/VI/2024            General Audit Pedongatan Estate

053/ST-IA/VI/2024            Spesial Audit - Verifikasi Material Return di CWS1 / Special Audit – Verification of Material Return at CWS1

054/ST-IA/VI/2024            General Audit Peron MUA Pangkoh / General Audit MUA Pangkoh Platform

055/ST-IA/VI/2024            General Audit PKS Kanamit / General Audit POM Kanamit

056/ST-IA/VI/2024            General Audit Suayap Estate

057/ST-IA/VI/2024            Special Audit Fuel Consumption Unit Sulung Estate

                             Special Audit - Verifikasi Pupuk Sumber Cahaya Estate /
058/ST-IA/VI/2024
                             Special Audit – Verification of Fertilizer Sumber Cahaya Estate

060/ST-IA/VI/2024            Special Audit PKS Kanamit / Special Audit POM Kanamit

061/ST-IA/VI/2024            General Audit Maliku Estate

062/ST-IA/VI/2024            General Audit Badirih Estate

063/ST-IA/VI/2024            General Audit PKS Kanamit / General Audit POM Kanamit

064/ST-IA/VII/2024           General Audit Batu Tunggal Estate

065/ST-IA/VII/2024           General Audit Departemen Marketing / General Audit Marketing Department

066/ST-IA/VII/2024           General Audit Suja Estate

067/ST-IA/VII/2024           General Audit Kanamit Estate

068/ST-IA/VII/2024           General Audit Bahaur Estate

069/ST-IA/VII/2024           Surprise Audit - Satuan Pengaman Regional 3 / General Audit Security Unit Regional 3

070/ST-IA/VII/2024           Surprise Audit Regional Office PT Menteng Kencana Mas

                             Special Audit Pengadaan & Distribusi Laterite Regional 3 /
071/ST-IA/VII/2024
                             Special Audit Procurement & Distribution of Laterite Regional 3

072/ST-IA/VII/2024           General Audit Umpang Estate

073/ST-IA/VII/2024           General Audit Karang Taba Estate

074/ST-IA/VII/2024           General Audit Suja Mill

075/ST-IA/VII/2024           General Audit Departemen Plasma / General Audit Plasma Department

                             Special Audit Pemeriksaan Grading Natai Baru Estate - Fendy Mahrum /
076/ST-IA/VIII/2024
                             Special Audit Examination of Grading Natai Baru Estate – Fendy Mahrum

                             Surprise Audit Grading TBS PKS Sungai Kuning – Kurniawan /
077/ST-IA/VIII/2024
                             Surprise Audit FFB Grading POM Sungai Kuning - Kurniawan

078/ST-IA/VIII/2024          Surprise Audit Grading TBS Eksternal PKS Sulung / Surprise Audit External FFB Grading POM Sulung

079/ST-IA/VIII/2024          Surprise Audit Grading TBS Eksternal PKS Suayap / Surprise Audit External FFB Grading POM Suayap

080/ST-IA/VIII/2024          Surprise Audit Grading TBS Eksternal PKS Nanga Kiu / Surprise Audit External FFB Grading POM Nanga Kiu




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    No. Surat Penugasan                                                   Judul Penugasan
    Letter of Assignment                                                 Assignment Subject

 081/ST-IA/VIII/2024       Surprise Audit Grading TBS Eksternal PKS Malata / Surprise Audit External FFB Grading POM Malata

                           Surprise Audit Grading TBS Eksternal PKS Sumber Cahaya /
 082/ST-IA/VIII/2024
                           Surprise Audit External FFB Grading POM Sumber Cahaya

 083/ST-IA/VIII/2024       Surprise Audit Grading TBS Eksternal PKS Suja / Surprise Audit External FFB Grading POM Suja

 084/ST-IA/VIII/2024       General Audit Tanjung Beringin Estate

 085/ST-IA/VIII/2024       General Audit Gadabung Estate

 086/ST-IA/VIII/2024       General Audit Betawi Estate

 087/ST-IA/VIII/2024       Surprise Audit Pengelolaan Bibitan Regional 3 / Surprise Audit Nursery Management Regional 3

 088/ST-IA/VIII/2024       General Audit Limau 1 Estate

 089/ST-IA/VIII/2024       General Audit PT MUA

 090/ST-IA/IX/2024         General Audit Departemen GAL & Land Clearing / General Audit GAL & Land Clearing Department

 091/ST-IA/IX/2024         General Audit Central Workshop Regional 3

 092/ST-IA/IX/2024         General Audit Pulau Estate

 093/ST-IA/IX/2024         General Audit Malata Estate

 094/ST-IA/IX/2024         General Audit HPH Wilayah 1 & 2 / General Audit HPH Area 1 & 2

 095/ST-IA/IX/2024         General Audit Batu Tunggal Estate

 096/ST-IA/X/2024          Special Audit BHE, RO3, GDE

 097/ST-IA/X/2024          General Audit Kenambui Estate

 098/ST-IA/X/2024          General Audit Departemen Perizinan Regional 3 / General Audit Licensing Department Regional 3

 099/ST-IA/X/2024          General Audit Nanga Kiu Estate

 100/ST-IA/X/2024          Special Audit Hydraulic Breaker Sungai Bulik Estate

 101/ST-IA/X/2024          General Audit PT Citra Borneo Indah

 102/ST-IA/X/2024          General Audit CWS Sulung

 103/ST-IA/X/2024          Surprise Audit Cash Opname Regional 2

 104/ST-IA/XI/2024         General Audit Selangkun Estate

 105/ST-IA/XI/2024         General Audit Merambang Estate

 106/ST-IA/XI/2024         General Audit Departemen GAL Regional 3 / General Audit GAL Department Regional 3

 107/ST-IA/XI/2024         Special Audit Pencurian Solar Kenambui Estate / Special Audit Diesel Fuel Theft Kenambui Estate

 108/ST-IA/XI/2024         General Audit Rungun Estate

 109/ST-IA/XI/2024         Special Audit Penggelapan Solar Umpang Estate / Special Audit Diesel Fuel Embezzlement Umpang Estate

 110/ST-IA/XI/2024         Special Audit Pencurian TBS Bengaris Estate / Special Audit FFB Theft Bengaris Estate




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      No. Surat Penugasan                                                         Judul Penugasan
      Letter of Assignment                                                       Assignment Subject

                                  Spesial Audit - Verifikasi Dana Potongan Upah Karyawan Malata Estate /
111/ST-IA/XI/2024
                                  Special Audit Verification of Employee Wage Deduction Malata Estate

112/ST-IA/XI/2024                 General Audit Batu Kotam Estate

113/ST-IA/XI/2024                 Surprise Audit - Pemeriksaan Implementasi PMMP / Surprise Audit – Examination of PMPP Implementation

114/ST-IA/XI/2024                 General Audit Suayap Estate

115/ST-IA/XI/2024                 General Audit Bengaris Estate

116/ST-IA/XII/2024                General Audit Limau Dua Estate

117/ST-IA/XII/2024                Surprise Audit - Pemeriksaan Implementasi PMMP / Surprise Audit – Examination of PMPP Implementation

118/ST-IA/XII/2024                Review VRA Central Polibun Regional 2

                                  Special Audit Pembayaran Ganti Rugi Lahan dan Tanam Tumbuh di PT SYK /
119/ST-IA/XII/2024
                                  Special Audit Compensation Payment Land and Crops at PT SYK

120/ST-IA/XII/2024                General Audit Central Polibun Regional 2




Jumlah Konsultasi
Number of Consultations

                                                                 Judul Konsultasi
                                                                Consultation Subject

Konsultasi Pembuatan SOP Pengadaan Katu Galam di Regional 3                  Consultation on SOP Making for Katu Galam Procurement in Regional 3

Konsultasi Prosedur Pengelolaan Uang Kas di Yayasan Abdul Rasyid             Consultation on Cash Management Procedures at Abdul Rasyid Foundation

Konsultasi SOP Ganti Rugi Lahan                                              Consultation on SOP for Land Compensation

Meninjau SOP Engineering Terkait Prosedur Sampling Unstrip Bunch di          Review of Engineering SOP for Unstrip Bunch Sampling Procedures at
Pabrik Kelapa Sawit                                                          Palm Oil Mill

Konsultasi Perbaikan Integrated System Antara Data Weighbridge dengan        Consultation on Improvement of Integrated System Between Weighbridge
Pembayaran di FFB Trading                                                    Data and Payment at FFB Trading

Konsultasi Perbaikan Pemberian Premi Tetap Nakhoda dan ABK LCT di            Consultation on Improvement of Fix Premium Provision for Captains and
PKE                                                                          LCT Crew at PKE




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Sistem Pengendalian Internal
                                                                                    Internal Control System




Sistem pengendalian internal adalah mekanisme dan proses            The internal control system is a mechanism and process
yang dirancang untuk membantu perusahaan mencapai tujuan            designed to assist the company in achieving its operational
operasional, memastikan keandalan pelaporan keuangan, dan           goals, ensuring reliable financial reports, and to comply with
mematuhi kebijakan serta peraturan yang berlaku. Sistem ini         applicable policies and regulations. This system involves all
melibatkan seluruh tingkatan organisasi, mulai dari karyawan        organizational levels, from employees to the Board of Directors,
hingga Direksi, guna meminimalkan risiko, mendukung                 to minimize risks, supporting an efficient and safe operations,
operasional yang efisien dan aman, serta memastikan                 as well as ensuring protection of the assets and stakeholders’
perlindungan terhadap aset dan kepercayaan pemangku                 trust.
kepentingan.


Perseroan secara aktif mengembangkan dan memperkuat sistem          The Company is actively developing and strengthening the
pengendalian internal sesuai dengan Pedoman GCG dan standar         internal control system in accordance with the GCG Guidelines
internasional yang diakui, seperti kerangka kerja yang dirumuskan   and recognized international standard, such as the framework
oleh The Committee of Sponsoring Organizations of the Treadway      issued by The Committee of Sponsoring Organizations (COSO).
Commission (COSO). Dalam implementasinya, Dewan Komisaris           In the implementation, the Board of Commissioners and Board
dan Direksi berperan dalam pengawasan dan evaluasi untuk            of Directors play a role in the supervision and evaluation to
memastikan proses bisnis berjalan sesuai dengan prinsip GCG.        ensure that the business process is in line with GCG principles.



Kesesuaian Sistem Pengendalian                                      Conformity Between Internal Control
Internal dengan COSO                                                System and COSO

Berdasarkan ketentuan COSO, implementasi pengendalian               Based on COSO’s provisions, the implementation of internal
internal di Perseroan bertujuan untuk mendukung kebutuhan           control in the Company aims to support operational, reporting,
operasional, pelaporan, dan kepatuhan. Tujuan operasional           and compliance needs. The operational purpose is focused on
difokuskan pada efektivitas dan efisiensi kegiatan bisnis. Tujuan   effectiveness and efficiency of business activities. Reporting
pelaporan terkait penyusunan laporan keuangan yang andal,           purpose relates to the preparation of reliable, timely, and
tepat waktu, dan transparan sesuai standar yang berlaku.            transparent financial statements under the applicable
Sementara itu, tujuan kepatuhan menitikberatkan pada                standards. Meanwhile, compliance purpose prioritizes the
kepatuhan terhadap hukum dan peraturan.                             compliance with laws and regulations.




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Adapun unsur pengendalian internal sesuai dengan kerangka        The internal control element according to COSO framework,
COSO meliputi:                                                   including as follows:
1. Lingkungan pengendalian;                                      1. Control environment;
2. Penilaian risiko;                                             2. Risk assessment;
3. Kegiatan pengendalian;                                        3. Control activities;
4. Informasi dan komunikasi; serta                               4. Information and communication; and
5. Kegiatan pemonitoran.                                         5. Monitoring activities.


Perseroan menerapkan kelima unsur tersebut dalam proses          The Company implements all five elements in the business
bisnis melalui 5 komponen utama, yaitu:                          process through 5 main components, namely:
1. Pengawasan oleh manajemen dan budaya pengendalian;            1. Supervision by management and control culture;
2. Identifikasi dan penilaian risiko;                            2. Risk identification and assessment;
3. Kegiatan pengendalian dan pemisahan fungsi;                   3. Control activities and segregation of functions;
4. Sistem akuntansi, informasi, dan komunikasi; dan              4. Accounting, information, and communication systems; and
5. Kegiatan pemantauan dan tindakan koreksi penyimpangan/        5. Monitoring activities and actions to correct deviations/
    kelemahan.                                                       weaknesses.


Sistem pengendalian internal Perseroan dirancang untuk           The Company’s internal control system is designed to ensure
memastikan ketepatan data akuntansi, meningkatkan efisiensi      accuracy of accounting data, increasing operational efficiency,
operasional, dan menjamin kepatuhan terhadap kebijakan serta     and ensuring compliance with the applicable policies and
peraturan yang berlaku. Komite Audit bertugas memantau dan       regulations. The Audit Committee is tasked to monitor and
mengevaluasi penerapan pengendalian internal agar sistem         evaluate the internal control implementation so the system
berjalan efektif dan mampu memitigasi risiko di seluruh          can runs effectively and able to mitigate risk in all company
lingkungan perusahaan.                                           environment.


Dalam menjalankan tanggung jawab tersebut, Komite Audit          In carrying out the responsibilities, Audit Committee performs
melakukan berbagai aktivitas yang mencakup:                      several activities, including:
1. Analisis atas setiap risiko korporasi dan pelaksanaan         1. Analysis of every corporate risk and implementation of risk
    manajemen risiko oleh Direksi;                                   management by the Board of Directors;
2. Evaluasi Rencana Kerja dan pelaksanaan audit internal;        2. Work Plan Evaluation and implementation of internal audit;
3. Pengkajian atas status pelaksanaan rekomendasi                3. Review the implementation status of significant internal
    yang signifikan mengenai pengendalian internal yang              control recommendation submitted by internal and external
    disampaikan auditor internal dan eksternal;                      auditors;
4. Penelaahan informasi keuangan yang akan dipublikasikan        4. Review the financial information to be published by
    oleh Perseroan, yakni Laporan Keuangan, proyeksi                 the Company, such as Financial Statements, financial
    keuangan, dan informasi keuangan lainnya melalui                 projections and other financial information through various
    berbagai kegiatan, seperti:                                      activities, such as:
    a. Menelaah Laporan Keuangan Interim untuk memastikan            a. Review the Interim Financial Statements to ensure
        laporan tersebut sudah wajar, mencerminkan hasil                 the fairness of the statements, reflecting the actual
        bisnis yang nyata, dan fluktuasi yang signifikan, jika           business results, and significant fluctuations, if any,
        ada, selaras dengan kondisi industri dan perekonomian            in line with the general conditions of the industry and
        secara umum;                                                     economic;
    b. Memahami isu-isu signifikan yang berkaitan dengan             b. Understand the significant issues related to reporting
        pelaporan dan akuntansi, termasuk peraturan dan                  and accounting, including the latest regulations and
        pernyataan terbaru dari ahli/profesional yang dapat              statements from experts/professionals that can be
        diterapkan di Perseroan, dan secara material dapat               implemented in the Company, and can materially affect
        memengaruhi Laporan Keuangan;                                    the Financial Statements;
    c. Melakukan penelaahan untuk memastikan auditor                 c. Conduct a review to ensure that the external auditor
        eksternal melaksanakan pemeriksaan yang memadai                  carries out adequate audits by:
        dengan:
        1) Menelaah ruang lingkup pekerjaan audit, termasuk              1) Reviewing the scope of audit work, including
            staffing, jadwal, dan lingkup pengujian;                        staffing, schedule, and scope of testing;
        2) Memantau untuk memastikan pemeriksaan telah                   2) Monitoring to ensure audits have been carried out
            dilakukan dengan objektif, sesuai standar audit                 objectively, in accordance with applicable auditing
            yang berlaku;                                                   standards;




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   d. Menelaah kepatuhan Perseroan terhadap peraturan                d. Examine Company’s compliance with the capital
       perundang-undangan pasar modal dan peraturan                      market laws and regulations and other laws and other
       perundang-undangan lain yang berlaku serta memiliki               applicable regulations and have an impact on the
       dampak pada kegiatan Perseroan, dengan:                           Company’s activities, by:
       1) Memahami        peraturan     perundang-undangan               1) Understanding the laws and regulations that
           yang memiliki dampak signifikan pada kegiatan                     have a significant impact on Company’s activities,
           Perseroan, menelaah sistem dan prosedur untuk                     reviewing the systems and procedures to ensure
           memastikan kepatuhan Perseroan terhadap                           Company’s compliance with the applicable laws and
           peraturan perundang-undangan yang berlaku;                        regulations;
       2) Menelaah isu hukum dan peraturan yang dilaporkan               2) Reviewing the legal and regulatory issues reported
           oleh Penasihat Hukum Perusahaan, Auditor                          by Company’s Legal Counsel, External Auditor,
           Eksternal, Auditor Internal, dan Divisi Hubungan                  Internal Auditor, and Investor Relations Division, as
           Investor, serta isu-isu yang dipublikasikan pada                  well as issues published in the newspapers or other
           surat kabar atau media lainnya; serta                             media; and
5. Melakukan penelaahan dan melaporkan kepada Dewan               5. Review and report to Board of Commissioners regarding
   Komisaris terkait pengaduan yang diterima soal perusahaan,        complaints received about the Company, and submitting the
   serta kemudian menyampaikan rekomendasinya pada                   recommendations to the Board of Commissioners, in terms
   Dewan Komisaris, dalam hal pelaksanaan tata kelola                of the implementation of good corporate governance and
   perusahaan yang baik dan melakukan peninjuan atas                 reviewing the implementation of responsibilities in relation
   pelaksanaan tanggung jawab sehubungan dengan                      to management of financial records, internal audit system,
   pengelolaan pencatatan keuangan, sistem internal audit,           external reports, external audit function, and the process of
   laporan eksternal, fungsi audit eksternal, dan proses             Company’s business activities, as well as compliance with
   kegiatan usaha Perseroan serta kepatuhan terhadap hukum           the laws and company policies, as well as the applicable
   dan kebijakan perusahaan serta perundang-undangan yang            laws and regulations.
   berlaku.



Tinjauan atas Efektivitas Sistem                                  Review of the Effectiveness of the
Pengendalian Internal                                             Internal Control System

Pada tahun 2024, Unit Audit Internal Perseroan telah              In 2024, the Company’s Internal Audit Unit has carried out
melaksanakan evaluasi pengendalian internal yang mencakup         internal control evaluation which includes operational audit
audit operasional dan pengendalian atas Laporan Keuangan,         and control of the Financial Statements, by involving the Board
dengan melibatkan Dewan Komisaris dan Direksi. Hasil              of Commissioners and Board of Directors. The evaluation
evaluasi menunjukkan bahwa sistem pengendalian internal           results show that the Company’s internal control system have
Perseroan berjalan efektif, sebagaimana dibuktikan melalui        run effectively, as proven with the unqualified opinion from the
opini wajar tanpa pengecualian dari auditor independen atas       independent auditor on the Company’s Financial Statements.
Laporan Keuangan Perseroan. Evaluasi ini memberikan               This evaluation have provided confidence for the management,
keyakinan kepada manajemen, Pemegang Saham, dan                   Shareholders, and other stakeholders on the achievement of
pemangku kepentingan lainnya mengenai pencapaian tujuan           business objectives and continuity. The Company is committed
dan keberlanjutan usaha. Perseroan berkomitmen untuk              to keep improving the effectiveness of this system to ensure
terus meningkatkan efektivitas sistem ini guna mendukung          target achievement in the future.
pencapaian target di masa mendatang.



Pernyataan Kecukupan Pengendalian                                 Statement of Adequacy of Internal
Internal                                                          Control

Perseroan berkomitmen memastikan sistem pengendalian              The Company is committed to ensure that the adequacy of
internal yang diterapkan telah memadai dalam mendukung            internal control system to support the achievement of business
pencapaian tujuan bisnis dan kepatuhan terhadap regulasi.         objectives and regulatory compliance. The Board of Directors is
Direksi bertanggung jawab atas penerapan sistem ini,              responsible for implementing this system, while the Board of
sementara Dewan Komisaris, dengan dukungan Komite Audit,          Commissioners, supported by Audit Committee, is monitoring
mengawasi dan memastikan bahwa setiap aktivitas berjalan          and ensuring that all of the activities are running in accordance
sesuai prinsip tata kelola yang baik dan regulasi yang berlaku.   with the good governance principle and applicable regulations.




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Manajemen Risiko
                                                                                             Risk Management


Perseroan memandang manajemen risiko sebagai fondasi             The Company views risk management as important foundation
penting dalam menjaga stabilitas dan memastikan                  in maintaining stability and ensuring business continuity. With
keberlanjutan usaha. Melalui pendekatan yang terstruktur,        a structured approach, every potential risk is identified and
setiap potensi risiko diidentifikasi dan dikelola secara         managed in an integrated manner in the entire business lines.
terintegrasi di seluruh lini bisnis. Komitmen ini mencerminkan   This commitment reflects the Company’s efforts in facing the
upaya Perseroan dalam menghadapi tantangan, memitigasi           challenges, mitigating the risks, and maximizing opportunities
risiko, dan memaksimalkan peluang untuk mendukung                to support the achievement of company’s vision and mission.
pencapaian visi dan misi perusahaan.



Gambaran Umum                                                    General Overview

Sistem manajemen risiko diterapkan secara terintegrasi di        The risk management system is implemented in an integrated
seluruh lini bisnis untuk mengidentifikasi, mengelola, dan       manner in the entire business lines to identify, manage, and
memitigasi berbagai risiko yang dapat memengaruhi kinerja        mitigate various risks that may impact the business’ performance
dan keberlanjutan usaha. Langkah ini tidak hanya berfokus        and sustainability. This measure not only focus on the protection
pada perlindungan aset perusahaan, tetapi juga membuka           of company assets, but also opens up opportunities to improve
peluang untuk meningkatkan efisiensi dan daya saing di tengah    the efficiency and competitiveness amidst the market dynamics.
dinamika pasar.


Manajemen bertanggung jawab memastikan setiap risiko             The management is responsible to ensure that every risk is
dipantau dan dievaluasi secara berkala, sehingga kebijakan       monitored and evaluated periodically, allowing the policies
yang diambil selalu relevan dengan kondisi terkini. Proses ini   taken to be constantly relevant with the current conditions.
dilakukan secara sistematis dengan melibatkan seluruh unit       This process is carried out systematically by involving all of the
kerja, yang memungkinkan risiko diidentifikasi lebih cepat dan   work units, allowing faster identification of the risks and the
mitigasi dilakukan secara efektif.                               mitigation is carried out effectively.


Sebagai bagian dari penguatan budaya sadar risiko, Perseroan     As part of the strengthening of the risk-awareness culture,
aktif mendorong keterlibatan karyawan dalam proses               the Company is actively encouraging employee involvement
pengelolaan risiko. Melalui program edukasi dan sosialisasi      in the risk management process. With continuous education
yang berkelanjutan, karyawan dibekali dengan pemahaman           and socialization programs, employees are equipped with the
untuk mengidentifikasi potensi risiko dan berkontribusi dalam    understanding required to identify potential risks and contribute
pelaporan serta penanganannya.                                   in the reporting and handling.


Sementara itu, Kepala Departemen Manajemen Risiko                Meanwhile, Head of the Risk Management Department plays a
berperan sebagai koordinator utama dalam memastikan sistem       key role as the lead coordinator in ensuring the system operates
ini berjalan sesuai dengan kebijakan yang telah ditetapkan dan   in accordance with the established policies and in line with the
sejalan dengan arah strategis perusahaan. Dengan struktur        company’s strategic direction. With this structure in place, the
ini, Perseroan yakin dapat mengelola risiko secara efektif dan   Company is confident to be able to manage the risks effectively
mendukung pertumbuhan usaha yang berkelanjutan.                  and support sustainable business growth.



Risiko Utama yang Dihadapi dan Mitigasi                          Main Risks and Its Mitigations

Perseroan telah mengidentifikasi dan memetakan seluruh risiko    The Company has identified and mapped all of the existing risks,
yang ada, serta menentukan risiko yang berdampak signifikan      as well as determining the risks that have a significant effect
terhadap kelangsungan usaha. Risiko-risiko ini dianalisis, dan   on the business continuation. These risks are analyzed, and the
strategi mitigasi disusun untuk mengurangi potensi dampaknya.    mitigation strategies are developed to minimize its potential
Berikut adalah profil risiko utama Perseroan di tahun 2024.      impact. Here is the Company’s main risk profile in 2024.




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                               Jenis Risiko                                                                  Mitigasi Risiko
                                Risk Type                                                                    Risk Mitigation

 Risiko Keuangan / Financial Risk

 Risiko Mata Uang Asing / Foreign Currency Risk

 Risiko nilai tukar mata uang asing terjadi karena transaksi penjualan dan      Perseroan tidak memiliki kebijakan formal lindung nilai terkait eksposur
 biaya beberapa pembelian menggunakan mata uang asing (terutama                 valuta asing, namun secara berkelanjutan memantau risiko nilai tukar
 USD) atau harga yang secara signifikan dipengaruhi oleh perubahan              guna meminimalkan dampaknya terhadap keuangan dan operasional.
 nilai kurs mata uang asing. Perubahan nilai tukar mata uang asing              Langkah ini memungkinkan Perseroan untuk merespons perubahan kurs
 dapat berdampak pada keuangan dan operasional perseroan yang                   secara cepat dan menjaga stabilitas usaha.
 menggunakan mata uang rupiah dalam pelaporan keuangannya.                      The Company has no formal hedging policy in relation with foreign
 Foreign currency risk occurs due to sales transactions and cost of some        exchange exposure, but continuously monitors the exchange rate risk to
 purchases using foreign currencies (especially USD) or prices that are         minimize its impact to its finance and operations. This measure allows the
 significantly affected by changes in foreign exchange rates. Changes in        Company to respond to change in the exchange rate quickly and maintain
 the foreign exchange rates may affect company’s finance and operations         business stability.
 that uses rupiah as the currency in its financial reporting.

 Risiko Harga Komoditas / Commodity Price Risk

 Risiko harga komoditas terjadi karena faktor-faktor seperti cuaca,             Perseroan belum memiliki kebijakan formal terkait lindung nilai atas
 kebijakan pemerintah, permintaan dan penawaran pasar, tingkat                  risiko harga komoditas. Namun, Perseroan secara konsisten memantau
 produksi global, dan kondisi ekonomi dunia. Fluktuasi harga komoditas,         pergerakan harga komoditas global, memungkinkan manajemen untuk
 terutama kelapa sawit, dapat berdampak pada margin laba Perseroan              mengambil keputusan yang cepat dan tepat guna meminimalkan dampak
 dan Entitas Anak, mengingat aktivitas penjualan produk kelapa sawit            negatif dari fluktuasi harga.
 sangat dipengaruhi oleh harga pasar internasional.                             The Company does not yet have a formal hedging policy against commodity
 Commodity price risk occurred due to factors, such as the weather,             price risk. Nevertheless, the Company is consistently monitoring the
 government policy, market demand and supply, global production level and       global commodities price movement, allowing the management to make
 world economic condition. The fluctuating commodities price, especially        quick and appropriate decision to minimize the negative impact from price
 palm oil, can affect the profit margin of the Company and its Subsidiaries,    fluctuation.
 as the sales activities of palm oil products are highly influenced by the
 international market prices.

 Risiko Tingkat Bunga / Interest Rate Risk

 Risiko tingkat suku bunga dihadapi Perseroan dan Entitas Anak terkait          Perseroan secara aktif mencari alternatif sumber pendanaan dengan
 dengan sumber pendanaan yang digunakan. Perubahan tingkat suku                 suku bunga yang kompetitif untuk meminimalkan beban bunga dan
 bunga dapat memengaruhi beban bunga pinjaman, yang berdampak pada              menjaga profitabilitas di tengah potensi perubahan suku bunga pasar.
 kondisi keuangan dan profitabilitas Perseroan.                                 The Company actively seeking out alternative funding sources with
 The Company and its Subsidiaries are facing interest rate risk in relation     competitive interest rates to minimize the interest expenses while
 to sources of funding used. Changes in the interest rates can affect the       maintaining profitability amidst the potential fluctuations of market
 interest expense on loans, impacting Company’s financial condition and         interest rates.
 profitability.

 Risiko Kredit / Credit Risk

 Risiko kredit dihadapi Perseroan dan Entitas Anak akibat piutang dagang        Perseroan menerapkan kebijakan ketat dengan membatasi transaksi
 yang dimiliki. Risiko ini dapat timbul apabila pelanggan atau mitra            piutang hanya kepada pihak ketiga yang memiliki kredibilitas dan reputasi
 usaha gagal memenuhi kewajiban pembayaran, sehingga berpotensi                 baik. Langkah ini bertujuan untuk mengurangi risiko gagal bayar dan
 memengaruhi arus kas dan kondisi keuangan Perseroan.                           menjaga stabilitas arus kas serta kondisi keuangan Perseroan.
 The Company and its Subsidiaries are facing credit risk due to trade           The Company implements a strict policy by limiting receivables
 receivables. This risk occurs if the customers or business partners fail to    transactions only to third parties with good credibility and reputation.
 meet the payment obligations, potentially affecting Company’s cash flow        This measure also aims to reduce the default risk and maintain cash flow
 and financial condition.                                                       stability, as well as Company’s financial condition.

 Risiko Likuiditas / Liquidity Risk

 Risiko likuiditas dihadapi Perseroan dan Entitas Anak dalam upaya              Perseroan secara konsisten menjaga kecukupan cadangan dana, fasilitas
 memenuhi liabilitas keuangan. Risiko ini muncul ketika dana yang tersedia      bank, dan pinjaman melalui pemantauan proyeksi serta realisasi arus kas.
 tidak mencukupi untuk memenuhi seluruh kewajiban keuangan, yang                Perseroan juga menyesuaikan jatuh tempo aset dan liabilitas keuangan
 berpotensi mengganggu operasional dan stabilitas keuangan Perseroan.           guna memastikan ketersediaan dana yang memadai untuk memenuhi
 The Company and its Subsidiaries are facing liquidity risk in the effort of    seluruh kewajiban keuangan dan menjaga kelancaran operasional.
 meeting its financial liabilities. This risk occurs when the available funds   The Company consistently maintains adequate fund reserves, bank
 are insufficient to meet all financial obligations, which may potentially      facilities, and loans by monitoring cash flow projections as well as the
 disrupting Company’s operations and financial stability.                       actual cash flow. The Company also adjusts the maturity of its financial
                                                                                assets and liabilities to ensure availability of sufficient funds to meet all
                                                                                financial obligations and maintaining smooth operations.




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                              Jenis Risiko                                                                Mitigasi Risiko
                               Risk Type                                                                  Risk Mitigation

Risiko Operasional / Operational Risk

Risiko operasional dihadapi Perseroan dan Entitas Anak terkait proses         Perseroan menerapkan strategi penanaman multi bibit untuk
produksi yang dipengaruhi oleh faktor cuaca. Risiko ini berada di luar        meningkatkan ketahanan tanaman terhadap faktor cuaca yang tidak
kendali Perseroan dan berpotensi mengganggu kelancaran produksi               menentu. Selain itu, Perseroan tetap konsisten melaksanakan kegiatan
serta hasil operasional, yang dapat berdampak pada pencapaian target          pemupukan secara optimal guna menjaga produktivitas lahan dan
dan stabilitas bisnis.                                                        memastikan kelancaran produksi.
The Company and its Subsidiaries are facing operational risk in relation      The Company implements multi-seed planting strategy to improve crop
to production process, influenced by weather factors. This risk is beyond     resilience against uncertain weather conditions. Also, the Company
Company’s control and potentially disrupting the production continuity        remains consistent in optimizing fertilization to maintain land productivity
and operational results, and may impact the achievement of targets and        and ensuring smooth production.
business stability.

Pengetatan peraturan lingkungan hidup.                                        Perseroan mengalihkan lahan yang tidak tertanam menjadi Kawasan
Increasingly strict environmental regulations.                                Konservasi untuk mematuhi peraturan lingkungan hidup dan mendukung
                                                                              keberlanjutan ekosistem.
                                                                              The Company reallocates unplanted land as Conservation Areas to comply
                                                                              with environmental regulation and support ecosystem sustainability.

Inflasi harga dan pasokan bahan baku.                                         Perseroan secara aktif memantau perkembangan harga pasar dan
Inflation on price and supply of raw material.                                mengelola biaya produksi secara efisien untuk memitigasi risiko inflasi
                                                                              harga serta ketidakpastian pasokan bahan baku.
                                                                              The Company is actively monitoring market price developments and
                                                                              efficiently manage its production costs to mitigate risks of price inflation
                                                                              and uncertainty of raw material supply.

Penurunan produktivitas Perseroan.                                            Perseroan memastikan pasokan bahan baku selalu terpenuhi guna
Decrease in Company’s productivity.                                           menjaga stabilitas produksi dan mencegah penurunan produktivitas,
                                                                              sehingga kapasitas operasional dapat dioptimalkan secara maksimal.
                                                                              The Company ensures a steady supply of raw materials to maintain the
                                                                              stability of its production and prevent a decrease in productivity, so that
                                                                              the operational capacity can be optimized to its maximum.

Risiko Reputasi / Reputation Risk

Risiko reputasi dihadapi Perseroan dan Entitas anak terkait tingkat           Perseroan mengatasi risiko ini dengan memberikan edukasi dan
kepercayaan konsumen yang dapat terpengaruh oleh pemberitaan                  sosialisasi terkait praktik keberlanjutan industri kelapa sawit yang telah
negatif mengenai industri kelapa sawit. Risiko ini berpotensi menurunkan      diterapkan, guna memperkuat kepercayaan konsumen dan pemangku
permintaan, memengaruhi citra perusahaan, dan berdampak pada                  kepentingan.
kinerja operasional serta keuangan Perseroan.                                 The Company is addressing this risk by providing education and
The Company and its Subsidiaries are facing reputation risk in relation       socialization on the sustainability practices implemented in the palm oil
to consumer trust, that can be affected by negative news on palm oil          industry to strengthen the trust from the consumer and stakeholders.
industry. This risk potentially reducing the demand, impacting company’s
image, and affecting both operational and financial performances of the
Company.

Persaingan dengan produsen minyak kelapa sawit.                               Perseroan meningkatkan strategi pemasaran, kualitas, kuantitas
Competition with palm oil producers.                                          produksi, dan inovasi untuk memperkuat daya saing di tengah persaingan
                                                                              industri minyak kelapa sawit.
                                                                              The Company is boosting its marketing strategy, production quality,
                                                                              quantity, and innovation to strengthen its competitiveness amidst the
                                                                              competition in the palm oil industry.

Risiko Strategi / Strategic Risk

Risiko pelaksanaan dihadapi Perseroan dan Entitas Anak terkait                Perseroan secara rutin menganalisis seluruh aktivitas bisnis untuk
kegagalan dalam menyelesaikan proyek tepat waktu, sesuai anggaran,            mengidentifikasi dan memitigasi faktor yang dapat menghambat
atau mencapai manfaat yang diharapkan. Risiko ini dapat muncul                pencapaian target proyek, memastikan setiap pelaksanaan berjalan
dalam pelaksanaan penanaman lahan baru, pengembangan usaha,                   sesuai rencana dan anggaran.
pembangunan pabrik, infrastruktur, dan proyek lainnya, yang berpotensi        The Company regularly analyzes all its business activities to identify
memengaruhi pencapaian target dan pertumbuhan Perseroan.                      and mitigate factors that may hamper the achievement of project target,
The Company and its Subsidiaries are facing implementation risk in            ensuring each implementation runs according to the plan and budget.
relation to failure to complete the projects on time, on budget, or achieve
expected benefits. This risk occurs in the planting of new land planting,
business development, plant construction, infrastructure, and other
projects, that may potentially impacting the target achievement and
Company’s growth.




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                               Jenis Risiko                                                                  Mitigasi Risiko
                                Risk Type                                                                    Risk Mitigation

 Risiko Keamanan Kerja / Occupational Safety Risk

 Risiko kecelakaan kerja dihadapi Perseroan dan Entitas Anak yang                Perseroan menerapkan sistem manajemen mutu melalui penyusunan
 bergerak di sektor perkebunan dan industri pengolahan kelapa sawit.             standar operasional prosedur (SOP), instruksi kerja (IK), dan penyediaan
 Risiko ini dapat berdampak langsung pada operasional, baik di area              alat perlindungan diri (APD) secara menyeluruh, untuk memastikan
 perkebunan maupun pabrik, yang berpotensi mengganggu kelancaran                 keselamatan kerja karyawan serta menjaga kelancaran operasional di
 proses produksi dan mengurangi produktivitas.                                   perkebunan dan pabrik.
 The Company and its Subsidiaries are facing work accident risk, as              The Company implements a quality management system by preparing
 entities engaging in plantation and palm oil processing industry. This risk     the standard operating procedures (SOPs), work instructions (IK), and
 can have a direct impact on the operations, both in the plantation and          comprehensive provision of personal protective equipment (PPE) to
 plants areas, that may potentially disrupting the production process and        ensure employee safety and maintain smooth operations both in the
 reducing productivity.                                                          plantation and plants areas.

 Risiko Keberlanjutan / Sustainability Risk

 Risiko keberlanjutan dihadapi Perseroan dan Entitas Anak yang bergerak          Perseroan menerapkan strategi keberlanjutan yang komprehensif,
 di sektor perkebunan dan industri pengolahan kelapa sawit. Risiko ini           mencakup tata kelola berkelanjutan, pengelolaan SDM, perlindungan
 mencakup potensi dampak lingkungan, sosial, dan tata kelola yang dapat          lingkungan sosial, optimalisasi rantai pasokan, serta pengembangan
 memengaruhi operasional jangka panjang, reputasi, serta akses pasar.            produk dan pelanggan. Perseroan juga melaksanakan program sertifikasi
 The Company and its Subsidiaries are facing sustainability risk, as entities    kebun, konservasi, kelengkapan dokumen usaha, dan penyelesaian hak
 engaging in plantation and palm oil processing industry. These risks            milik dengan warga setempat untuk memitigasi risiko keberlanjutan
 include potential environmental, social, and governance (ESG) impacts           secara menyeluruh.
 that may affecting the long-term operations, reputation, as well as market      The Company implements a comprehensive sustainability strategy,
 access.                                                                         including sustainable governance, HR management, social environmental
                                                                                 protection, supply chain optimization, as well as product and customer
                                                                                 development. The Company also runs the plantations certification
                                                                                 program, conservation, completeness of business documents, and
                                                                                 settlement of land rights issue with the locals to comprehensively mitigate
                                                                                 the sustainability risks.




Tinjauan Atas Efektivitas Sistem                                                   Review of the effectiveness of the Risk
Manajemen Risiko (Risk Maturity Level)                                             Management System (Risk Maturity Level)

Pengukuran risk maturity level adalah proses untuk memastikan                      The risk maturity level measurement is a process to ensure the
manajemen risiko berjalan sesuai rencana. Perseroan                                risk management is running as planned. The Company is using
menggunakan pendekatan enterprise risk management (ERM)                            enterprise risk management (ERM) and ISO 31000 approaches,
dan ISO 31000 sebagai standar yang diakui secara luas.                             as the widely recognized standards.


Pengukuran Risk Maturity Level                                                     Risk Maturity Level Measurement
Penilaian risk maturity level dilakukan menggunakan tabel                          Risk Maturity Level measurement is conducted by using the
matriks berikut.                                                                   following matric table.


                                                                                                           Level of Impact
    Likelihood (That Occurrence Results in Adverse Impact)
                                                                            Negligible           Minor          Moderate        Significant      Severe

 Very Likely                                                                    Very Lo              Lo            Mod               Hi           Very Hi

 Likely                                                                         Very Lo              Lo            Mod               Hi           Very Hi

 Possible                                                                       Very Lo              Lo            Mod              Mod             Hi

 Unlikely                                                                       Very Lo              Lo             Lo               Lo            Mod

 Very Unlikely                                                                  Very Lo         Very Lo           Very Lo            Lo             Lo


Tingkat Risiko / Risk Level
 Very Lo         Very Low       Lo              Low            Mod               Moderate       Hi              High           Very Hi         Very High




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Dampak dan Kriteria
Impact and Criteria

         Tipe Dampak
 No.                              Negligible                  Low                  Moderate                Significant              Severe
         Impact Type

 1.    Finansial             Tidak ada kerugian       Kerugian keuangan       Kerugian keuangan       Kerugian besar          Kerugian sangat
       Financial             No Loss                  kecil                   cukup besar (sedang)    Significant loss        besar
                                                      Minor financial loss    Moderate financial                              Severe loss
                                                                              loss

       Finansial             0%                       0.1%≥ kerugian <0.5%    0.5%≥ kerugian <5%      5%≥ kerugian <10%       10%≥ kerugian
       berdasarkan                                    0.1%≥ loss <0.5%        0.5%≥ loss <5%          5%≥ loss <10%           10%≥ loss
       pendapatan
       Financial by
       revenue

       Finansial             0%                       0.2%≥ kerugian <1 %     1%≥ kerugian <10 %      10%≥ kerugian <20%      20%≥ kerugian
       berdasarkan                                    0.2%≥ loss <1 %         1%≥ loss <10 %          10%≥ loss <20%          20%≥ loss
       EBITDA
       Financial by EBITDA

       Financial             0%                       0.1%≥ kerugian <0.5%    0.5%≥ kerugian <5%      5%≥ kerugian <10%       10%≥ kerugian
       berdasarkan net                                0.1%≥ loss <0.5%        0.5%≥ loss <5%          5%≥ loss <10%           10%≥ loss
       income
       Financial by net
       income

 2.    Kepatuhan             • Denda <Rp10 juta       • Denda Rp10-50         • Denda >Rp50 juta      • Pejabat Senior        • Direksi
       Compliance            • Keluhan dari             juta                  • Perusahaan di           terkena sanksi          terkena sanksi
                               pemangku               • Keluhan dari            investigasi aparat      administrasi            administrasi
                               kepentingan              pemangku                berwenang             • Perusahaan            • Pemberhentian
                               internal                 kepentingan           • Fine >Rp50 million      terkena sanksi          operasional
                             • Fine <Rp10 million       internal              • Company                 kelembagaan             perusahaan
                             • Complaints             • Fine Rp10-50            investigated by the   • Senior officials      • The Board of
                               from internal            million                 authorities             receive                 Directors receives
                               stakeholders           • Complaints                                      administrative          administrative
                                                        from internal                                   sanction                sanction
                                                        stakeholders                                  • Company receives      • Termination
                                                                                                        institutional           of company
                                                                                                        sanction                operation

 3.    Keamanan              Tidak ada cedera         Cedera ringan           Cedera sedang           Cedera berat yang       Menyebabkan
       Safety                Zero accident            Injuries                hingga memerlukan       terjadi pada lebih      kematian hingga
                                                                              penanganan medis        dari 1 orang            lebih dari 1 orang
                                                                              Moderate injuries       Serious injury that     Fatality to more than
                                                                              that requires medical   occurs to more than     1 person
                                                                              treatment               1 person

       Operasional (inti     Bahaya sangat kecil,     Tidak menimbulkan       Kegiatan perusahaan     Adanya gangguan         Mengganggu/
       dan pendukung)        kegiatan perusahaan      dampak serius           terhenti melebihi       produksi dan            terhentinya seluruh
       Operations (core      berhenti sejenak         terhadap                periode minimal yang    kegiatan perusahaan,    proses kegiatan
       and supporting)       Very small danger,       kelangsungan bisnis,    ditetapkan              kegiatan perusahaan     perusahaan lebih
                             the Company’s            kegiatan perusahaan     The Company’s           terhenti untuk 1 hari   dari 1 hari
                             activities stop for a    berhenti dalam          activities cease        There was disruption    All company activities
                             while                    periode minimal         beyond the specified    to the Company’s        are disrupted/
                                                      Has no serious          minimum period          productions and         stopped for more
                                                      impact to business                              activities, Company’s   than 1 day
                                                      continuity, the                                 activities cease for
                                                      Company’s activities                            1 day
                                                      quit for a minimum
                                                      period

 4.    Operasional inti      Tidak ada gangguan       0 menit> gangguan       5 menit> gangguan       15 menit> gangguan      1 jam> gangguan
       Core operation        No disruption            proses operasional      proses operasional      proses operasional      proses operasional
                                                      Inti ≤5 menit           inti ≤15 menit          inti ≤1 jam             Inti
                                                      0 minute > disruption   5 minutes >             15 minutes >            1 hour > disruption
                                                      in core operation       disruption in core      disruption in core      in core operation
                                                      process ≤ 5 minutes     operation process ≤     operation process ≤     process
                                                                              15 minutes              1 hour

       Operasional           0 jam< gangguan          3 jam> gangguan         12 jam> gangguan        18 jam> gangguan        24 jam> gangguan
       pendukung             proses operasional       proses operasional      proses operasional      proses operasional      proses operasional
       Supporting            pendukung ≤3 jam         pendukung ≤12 jam       pendukung ≤18 jam       pendukung ≤24 jam       pendukung
       operation             0 hour > disruption in   3 hours > disruption    12 hours > disruption   18 hours > disruption   24 hours > disruption
                             supporting operation     in supporting           in supporting           in supporting           in supporting
                             process ≤ 3 hours        operation process ≤     operation process ≤     operation process ≤     operation process
                                                      12 hours                18 hours                24 hours




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          Tipe Dampak
 No.                           Negligible                 Low                  Moderate               Significant               Severe
          Impact Type

  5.   Reputasi           Kehilangan reputasi     Kehilangan reputasi     Kehilangan reputasi     Kehilangan reputasi     Kehilangan reputasi
       Reputation         atau timbulnya          atau timbulnya          atau timbulnya          atau timbulnya          atau timbulnya
                          publisitas buruk di     publisitas buruk di     publisitas buruk di     publisitas buruk di     publisitas buruk di
                          lingkungan internal     lingkungan internal     media lokal             media nasional          media nasional dan
                          perusahaan              perusahaan dan          Loss of reputation or   Loss of reputation or   tuntutan hukum
                          Loss of reputation or   Pemegang Saham          bad publicity arises    bad publicity arises    Loss of reputation or
                          bad publicity arises    Loss of reputation or   in local media          in national media       bad publicity arises
                          in the company’s        bad publicity arises                                                    in national media and
                          internal environment    in the company’s                                                        get lawsuits
                                                  internal environment
                                                  and Shareholders




Pernyataan Direksi dan/atau                                               Statement of the Board of Directors and/
Dewan Komisaris atau Komite Audit atas                                    or Board of Commissioners or Audit
Kecukupan Sistem Manajemen Risiko                                         Committee on the Adequacy of the Risk
                                                                          Management System

Direksi dan Dewan Komisaris, melalui Komite Audit, secara                 The Board of Directors and Board of Commissioners, through
konsisten memantau dan mengevaluasi pelaksanaan sistem                    the Audit Committee, consistently monitor and evaluate the
manajemen risiko setiap tahun. Berdasarkan hasil evaluasi,                implementation of the risk management system every year.
Direksi dan/atau Dewan Komisaris menilai bahwa sistem                     Based on the evaluation results, the Board of Directors and/
manajemen risiko Perseroan telah berjalan efektif dan sesuai              or Board of Commissioners determined the Company’s risk
dengan ketentuan yang berlaku. Direksi dan Dewan Komisaris                management system has run effectively and in line with the
menegaskan komitmennya untuk mempertahankan kinerja                       applicable provisions. The Board of Directors and Board of
ini guna memastikan keberlanjutan usaha Perseroan di masa                 Commissioners affirm their commitment to maintain this
mendatang.                                                                performance to ensure Company’s business continuity in the
                                                                          future.




Perkara Hukum
                                                                                                                     Legal Cases

Sepanjang tahun 2024, tidak terdapat perkara hukum yang                   Throughout 2024, the Company and its Subsidiaries, as well as
dihadapi oleh Perseroan dan Entitas Anak serta Dewan                      the Board of Commissioners, Board of Directors, management,
Komisaris, Direksi, manajemen, maupun karyawan.                           or employees faced no legal case.




Sanksi Administratif
                                                                                        Administrative Sanctions

Sepanjang tahun 2024, Perseroan dan Entitas Anak serta                    Throughout 2024, the Company and its Subsidiaries, as well as
Dewan Komisaris, Direksi, dan karyawan tidak menerima                     the Board of Commissioners, Board of Directors and employees
sanksi administratif dari regulator terkait.                              received no administrative sanction from related regulators.




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Kode Etik
                                                                                                               Code of Conduct


Perseroan menetapkan Kode Etik sebagai bagian dari penerapan                   The Company implements Code of Conduct as a part of GCG
GCG untuk mendukung pertumbuhan bisnis jangka panjang dan                      implementation to support a long-term and sustainable
berkelanjutan. Kode Etik ini mencerminkan komitmen terhadap                    business growth. This Code of Conduct reflects the commitment
etika usaha dan kerja yang membentuk perilaku karyawan                         to business and work ethics that shape the employee behavior in
sesuai dengan budaya kerja perusahaan, demi tercapainya visi                   line with the company’s work culture, to achieve the Company’s
dan misi Perseroan.                                                            vision and mission.


Kode Etik Perseroan disusun berlandaskan pada 3 pilar                          The Company’s Code of Conduct is compiled based on 3 main
utama, yakni profit (ekonomi), people (masyarakat), dan planet                 pillars, namely profit (economy), people (society), and planet
(lingkungan), dengan nilai-nilai sebagai berikut.                              (environment), with the following values.
1. Care for the Company.                                                       1. Care for the Company.
2. Care for the People.                                                        2. Care for the People.
3. Care to the Environment.                                                    3. Care to the Environment.
4. Care for the Country, Indonesia.                                            4. Care for the Country, Indonesia.


Kode Etik Perseroan terus disesuaikan dengan perkembangan                      The Company’s Code of Conduct is constantly adjusted with the
hukum, norma, dan perjalanan bisnis.                                           development of the law, norms and business journey.



      Isi Kode Etik
      Content of the Code of Conduct

                         Benturan Kepentingan                                             Pemberian dan Penerimaan Hadiah dan Donasi
                          Conflict of Interest                                              Giving and Receiving Gifts and Donations

                     Kepatuhan Terhadap Peraturan                                                    Kerahasiaan Informasi
                        Regulatory Compliance                                                      Information Confidentiality



      Pemberlakuan Kode Etik                            Sosialisasi Kode Etik                             Penegakkan Kode Etik
      Application of the Code of Conduct                Socialization of the Code of Conduct              Enforcement of the Code of Conduct

 • Berlaku bagi seluruh karyawan, termasuk         • Pelatihan dan sosialisasi internal.             Setiap karyawan diharuskan menandatangani
   Dewan Komisaris dan Direksi.                    • Diperkenalkan sejak pertama kali bergabung.     Kode Etik saat bergabung dengan Perseroan.
 • Diterapkan tanpa pengecualian di semua          • Akses melalui jaringan internal perusahaan.     Every employee is required to sign the Code of
   level.                                          • Internal training and socialization.            Conduct when they join the Company.
 • Applies to all employees, including the Board   • Introduced from the first time of joining.
   of Commissioners and Board of Directors.        • Access to company internal network.
 • Applied without exception at all levels.



      Sanksi Pelanggaran                                                          Laporan Pengaduan Kode Etik 2024
      Sanctions for Violation                                                     2024 Code of Conduct Complaint Report

 Sanksi disesuaikan dengan tingkat pelanggaran dan kebijakan internal
 yang berlaku.                                                                                               NIHIL
 Sanction will be adjusted to the level of violation and the applicable                                       NIL
 internal policies.




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Sistem Pelaporan Pelanggaran
                                                                                  Whistleblowing System


Sistem pelaporan pelanggaran (whistleblowing system/             The whistleblowing system (WBS) is a mechanism provided by
WBS) adalah mekanisme yang disediakan Perseroan untuk            the Company to facilitate report either from the employees or
memfasilitasi laporan dari karyawan atau pihak eksternal         external parties on the alleged violation, deviation, or unethical
terkait dugaan pelanggaran, penyimpangan, atau tindakan          actions within the organization. This system protects the
tidak etis di dalam organisasi. Sistem ini menjaga kerahasiaan   confidentiality of the reporter’s identity and aims to encourage
identitas pelapor dan bertujuan mendorong partisipasi aktif      an active participation in maintaining the company’s integrity,
dalam menjaga integritas perusahaan serta mencegah risiko        as well as preventing any detrimental risks such as fraud,
merugikan seperti penipuan, korupsi, dan pelanggaran             corruption, and violation of policy. This mechanism is in use
kebijakan. Mekanisme ini mulai berjalan sejak 20 Juni 2022       since June 20, 2022, based on the President Director Decree.
berdasarkan keputusan Direktur Utama.


Tujuan dari penerapan sistem ini meliputi:                       The purpose of implementing this system is as follows:
1. Menjadi pedoman dalam menangani pelaporan pelanggaran         1. As guidelines in handling violation report from stakeholders;
    dari pemangku kepentingan;
2. Menyediakan saluran pelaporan untuk masalah yang tidak        2. Provision of reporting channel for matter that cannot be
    dapat diselesaikan melalui prosedur normal;                     resolved through the normal procedure;
3. Menjamin mekanisme penyelesaian pelaporan secara              3. Ensuring an effective and timely reporting resolution
    efektif dan tepat waktu;                                        mechanism;
4. Menghindari publikasi negatif yang merugikan Perseroan;       4. Avoiding negative publication that harms the Company;
5. Mendukung asas kesetaraan (fairness) dalam hubungan           5. Support the fairness principle in the relation between the
    Perseroan dengan mitra usaha dan pemangku kepentingan           Company and the business partners and other stakeholders;
    lainnya; serta                                                  and
6. Mengungkap permasalahan yang tidak sesuai dengan              6. Disclosing any issue not in accordance with the ethical
    standar etika Perseroan.                                        standards of the Company.



Ruang Lingkup Sistem Pelaporan                                   Scope of Whistleblowing System
Pelanggaran

Ruang lingkup pelaporan dalam kebijakan sistem pelaporan         Scope of reporting in the Company’s whistleblowing system
pelanggaran Perseroan mencakup tindakan atau perilaku yang       policy includes any action or behavior that are not in accordance
menyimpang dari kebijakan, etika, dan nilai-nilai perusahaan.    with the company’s policies, ethics, and values,. This violation
Pelanggaran ini berpotensi menimbulkan kerugian material         may potentially resulting in material and non-material losses,
maupun non-material, meliputi:                                   such as:
1. Korupsi;                                                      1. Corruption;
2. Suap atau gratifikasi;                                        2. Bribes or gratuities;
3. Pemerasan;                                                    3. Extortion;
4. Pencurian, penggelapan, atau penipuan;                        4. Theft, embezzlement, or fraud;
5. Penyalahgunaan jabatan atau kewenangan; serta                 5. Abuse of position or authority; and
6. Pelanggaran terhadap peraturan Perseroan.                     6. Violation of Company regulation.




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Pihak yang Mengelola Sistem Pelaporan                           Whistleblowing System Management
Pelanggaran                                                     Handlers

Perseroan menugaskan Unit Audit Internal untuk mengelola        The Company tasked the Internal Audit Unit to manage the
WBS. Unit ini bertanggung jawab langsung kepada Direktur        WBS. This unit reports directly to the President Director, under
Utama, dengan pengawasan oleh Dewan Komisaris melalui           the supervision of the Board of Commissioners through Audit
Komite Audit.                                                   Committee.



Media Penyampaian Pengaduan                                     Complaint Channel Media

Pengaduan atas dugaan tindak pelanggaran dapat disampaikan      Complaint on alleged violation can be submitted by email
melalui email ke pengaduan@ssms.co.id.                          addressed to: pengaduan@ssms.co.id.



Penanganan Pengaduan                                            Complaint Handling

Setiap laporan pengaduan yang diterima akan segera              Every complaint report received will immediately be follow-up
ditindaklanjuti oleh pihak terkait. Pelapor juga dapat          by the relevant party. The reporter can also submit the report
menyampaikan laporan langsung kepada Direksi atau               directly to the Board of Directors or key management to speed
manajemen kunci untuk mempercepat proses investigasi.           up the investigation process.



Perlindungan Bagi Pelapor                                       Whistleblower Protection

Perseroan berkomitmen menjaga kerahasiaan identitas             The Company is committed to maintain the confidentiality of the
pelapor dan isi laporan sesuai ketentuan hukum yang berlaku.    reporter’s identity and the content of the report in line with the
Perlindungan ini bertujuan memastikan pelapor dan/atau          applicable provision of laws. This protection aims to ensure the
keluarganya terhindar dari risiko yang dapat merugikan atau     reporter and/or the family are protected from any risk that could
membahayakan keselamatan.                                       harm or endanger safety.



Sosialisasi Sistem Pelaporan Pelanggaran                        Whistleblowing System Socialization

Perseroan secara aktif menyosialisasikan kebijakan WBS          The Company actively socialize the WBS policy to all employees
kepada seluruh karyawan dan pemangku kepentingan untuk          and stakeholders to improve their understanding regarding
meningkatkan pemahaman mengenai prosedur pelaporan dan          the reporting procedure and the benefits of the WBS. This
manfaat WBS. Sosialisasi ini bertujuan mendorong partisipasi    socialization aims to encourage active participation in creating
aktif dalam menciptakan lingkungan kerja yang transparan dan    a transparent work environment with integrity. The socialization
berintegritas. Pelaksanaannya dilakukan melalui pertemuan       is done through face to face and online meeting, as well as with
tatap muka, daring, serta pemasangan stiker, poster, dan        installing stickers, posters, and banners in the work units and
spanduk di unit kerja dan desa sekitar Perseroan.               villages surrounding the Company.



Sanksi Bagi Pelanggar                                           Sanctions for Violators

Setiap pelanggaran yang terbukti akan dikenakan sanksi sesuai   Any proven violation will be subjected to sanction according to
dengan ketentuan yang berlaku dan disesuaikan dengan jenis      the applicable regulation and adjusted to the type of violation
pelanggaran yang dilakukan.                                     conducted.




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Hasil Penanganan dan Tindak Lanjut                                   Complaint Handling and Follow-Up
Pengaduan                                                            Results

Sepanjang tahun 2024, WBS menerima 27 laporan, sebagaimana           Throughout 2024, WBS received 27 reports, as presented in the
disajikan dalam tabel berikut.                                       below table.


Total Laporan
Total Report

                                                                                        Tindak Lanjut / Follow-Up
                 Jenis Pelanggaran               Total Pengaduan
                   Violation Type                Total Complaint         Belum Diproses         Dalam Proses          Selesai
                                                                          Unprocessed            In Process          Completed

 Tinggi / High                                              5                    -                    -                     5

 Sedang / Medium                                            8                    -                    -                     8

 Rendah / Low                                              14                    -                    -                    14

 Total Laporan / Total Report                              27                    -                    -                    27



Tindak Lanjut
Follow-Up

      Tahun              Teguran Lisan     Surat Peringatan (SP) 1                                       PHK
                                                                          SP 2           SP 3                              Total
       Year            Verbal Reprimand     Warning Letter (SP) 1                                     Termination

       2024                     22                     -                    -              -               5                27




Pengadaan Barang dan Jasa
                                                                Procurement of Goods and Services


Pengadaan    barang/jasa      adalah    proses    memperoleh         Procurement of goods and services is the process to acquire
barang atau jasa melalui metode tertentu guna mencapai               goods or services through specific methods to reach agreements
kesepakatan terkait spesifikasi, harga, dan waktu. Perseroan         on the specification, price, and delivery time. The Company
mengelola rantai pasokan melalui kebijakan pengadaan yang            manages its supply chain through procurement policy that focus
menitikberatkan kualitas, ketepatan waktu, dan efisiensi proses      on quality, timeliness, and process efficiency in accordance with
sesuai dengan peraturan yang berlaku.                                the applicable regulations.


Kebijakan ini didasarkan pada prinsip transparansi,                  This policy is based on the principles of transparency,
akuntabilitas, independensi, serta menghindari konflik               accountability, independence, as well as and avoiding conflicts
kepentingan. Departemen Pengadaan dan Logistik bertanggung           of interest. The Procurement and Logistics Department is in
jawab atas pelaksanaan pengadaan, baik melalui penunjukan            charge for procurement, either through direct appointment or
langsung maupun tender oleh komite tender, sesuai dengan             tender carried out by the tender committee, in accordance with
SOP-PBJ.GN-001.                                                      SOP-PBJ.GN-001.


Seleksi ketat diterapkan dalam proses penunjukan pemasok             Strict selection is applied in the supplier appointment process
guna memastikan kualitas produk, ketepatan waktu pengiriman,         to ensure product quality, timely delivery, competitive pricing,
harga yang kompetitif, dan kepatuhan terhadap kebijakan              and compliance to the sustainability policies. Suppliers are
keberlanjutan. Pemasok diwajibkan memenuhi prinsip berikut.          required to meet the following principles.
1. Panduan Hak Asasi Manusia dan Bisnis (UNGP).                      1. Guiding Principles on Human Rights and Business (UNGP).
2. Standar Lingkungan serta Kesehatan dan Keselamatan                2. Environmental and Occupational Health and Safety
    Kerja (K3).                                                          Standards (OHS).




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Ketentuan ini dicantumkan dalam kontrak kerja sama sebagai      These provisions are included in the work contract as part of the
bagian dari kepatuhan terhadap regulasi dan komitmen            compliance with the regulations and Company’s sustainability
keberlanjutan Perseroan.                                        commitment.



Tata Cara atau Prosedur Pengadaan                               Procedures for Procurement of Goods
Barang dan Jasa                                                 and Services

Prosedur pengadaan barang dan jasa yang dilakukan Perseroan,    The procedures for procurement of goods and services done by
diuraikan sebagai berikut.                                      the Company, is outlined as follows.
1. Proses Penerimaan Form Permintaan Pengadaan Barang           1. Receipt of Request Form for Procurement of Goods or
    atau Jasa (FPPBJ).                                              Services (FPPBJ).
2. Verifikasi dan analisa FPPBJ.                                2. FPPBJ verification and analysis.
3. Memilih model pengadaan barang atau jasa yang diminta.       3. Select model of procurement of goods or services
                                                                    requested.
4. Pemilihan Penyedia barang atau jasa.                         4. Selection of goods or services providers.
5. Memilih penyedia barang atau jasa dari Daftar Rekanan        5. Select goods or service providers from the Selected Partner
    Terseleksi (DRT) atau memilih penyedia di luar daftar           List (DRT) or choosing providers outside the partner list if
    rekanan apabila barang atau jasa yang diminta tidak             the goods or services requested are not available.
    tersedia.
6. Permintaan harga dan pembuatan surat permintaan              6. Request for price and preparation of letter of request for
    penawaran harga.                                                price quote.
7. Proses persetujuan pengadaan barang atau jasa.               7. Approval for the procurement of goods or services.
8. Pemesanan pembelian barang atau jasa.                        8. Purchase orders for goods or services
9. Memonitoring status purchase order atau work order.          9. Monitoring the status of purchase order or work order.
10. Menerima dan memeriksa bukti penerimaan barang atau         10. Receiving and examining proof of receipt of goods or
    jasa.                                                           services.




Kebijakan Anti-Korupsi
                                                                                Anti-Corruption Policies


Perseroan berkomitmen untuk mencegah praktik korupsi            The Company is committed to prevent any corruption practices in
dalam seluruh kegiatan bisnisnya dengan menjunjung tinggi       all of its business activities by upholding integrity and complying
integritas dan mematuhi regulasi yang berlaku. Dewan            with applicable regulations. The Board of Commissioners, Board
Komisaris, Direksi, dan seluruh karyawan berpegang teguh        of Directors, and all employees strictly uphold the principles of
pada prinsip persaingan yang sehat, profesionalisme, dan        fair competition, professionalism, and sportsmanship as part of
sportivitas, sebagai bagian dari penerapan GCG. Perseroan       the GCG implementation. The Company consistently strives to
secara konsisten berupaya menciptakan lingkungan usaha          create a business environment without corruption, collusion,
yang bebas dari korupsi, kolusi, dan nepotisme (KKN) dengan     and nepotism (KKN), by prioritizing the company’s interests
mengutamakan kepentingan perusahaan di atas kepentingan         over personal or group interests.
pribadi atau kelompok.


Sebagai wujud nyata dari komitmen tersebut, Perseroan telah     As an actualization of the commitment, the Company has
menetapkan Kebijakan Anti-Korupsi yang disahkan oleh Direktur   established the Anti-Corruption Policy ratified by the President
Utama pada 28 Juli 2021. Kebijakan ini bertujuan untuk:         Director on July 28, 2021. This policy aims to:
1. Mencegah kerugian material maupun imaterial yang dapat       1. Prevent material or immaterial losses that could disrupt
   mengganggu kelangsungan bisnis Grup SSMS;                        the continuity of SSMS Group’s business;
2. Menjadi pedoman dalam memahami, menanggulangi,               2. Serve as guideline to understand, overcome, and prevent
   dan mencegah penerimaan gratifikasi (anti-suap) yang             the receipt of gratuities (anti-bribery) that potentially
   berpotensi merugikan keberlangsungan bisnis Perseroan;           detrimental to the continuity of Company’s business;




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3. Meningkatkan ketaatan terhadap hukum, peraturan,             3. Increase compliance with the laws, regulations and ethics
   dan etika, serta mendukung program pemerintah dalam             as well as support government program to prevent acts of
   pemberantasan korupsi dan pencucian uang di Indonesia;          corruption and money laundering in Indonesia.;
4. Membangun budaya kerja beretika tinggi dalam kegiatan        4. Develop high ethical work culture in the activities involving
   yang melibatkan pihak eksternal, termasuk mitra kerja dan       external parties, including the business partners and
   instansi pemerintah yang berinteraksi dengan Grup SSMS;         government agencies to be interacted with the SSMS Group;
   serta                                                           and
5. Mewujudkan tata kelola perusahaan yang bersih dan            5. Realize a clean corporate governance and free from all
   terbebas dari praktik korupsi, kolusi, dan nepotisme.           forms of corruption, collusion, and nepotism practices.


Kebijakan ini selaras dengan Undang-Undang No. 20 Tahun         These policies are in line with Law No. 20 of 2001 concerning the
2001 tentang Perubahan atas Undang-Undang No. 31 Tahun          Amendments to Law No. 31 of 1999 concerning the Eradication
1999 mengenai Pemberantasan Tindak Pidana Korupsi.              of Corruption Crimes.



Ruang Lingkup Tindakan Korupsi                                  Scope of Corruption Acts

Tindakan korupsi yang dimaksud telah dikategorikan sebagai      The act of corruption referred to has been categorized as
berikut.                                                        follows.
1. Menyalahgunakan kewenangan, kesempatan atau sarana           1. Abusing the authority, opportunities or facilities available to
    yang ada padanya karena jabatan atau kedudukannya.               him/her position.
2. Memberi, menerima dan/atau menjanjikan sesuatu kepada        2. Giving, receiving and/or promising something to an official
    seorang pejabat atau mitra kerja baik internal maupun            or business partner, both internal and external, with the
    eksternal dengan maksud untuk berbuat atau tidak berbuat         intention of encouraging him/her to do or not do something
    sesuatu dalam jabatannya yang bertentangan dengan                in his/her position that is contrary to his/her obligations.
    kewajibannya.
3. Menggelapkan uang atau surat berharga yang disimpan          3. Embezzling money or securities held because of his/her
    karena jabatan atau kedudukannya, atau membiarkan uang         position or status or allowing the money or securities to
    atau surat berharga tersebut diambil atau digelapkan oleh      be taken or embezzled by another person or aiding and
    pihak orang lain, atau menolong dan membantu dalam             assisting in carrying out such actions.
    melakukan perbuatan tersebut.
4. Memberi dan/atau menerima hadiah atau janji kepada/          4. Giving and/or receiving gifts or promises to/from someone,
    dari seseorang baik internal maupun eksternal dengan           both internal and external, bearing to the power or authority
    mengingat kekuasaan atau wewenang yang melekat pada            attached to their position or status.
    jabatan atau kedudukannya.
5. Melanggar ketentuan Undang-Undang yang secara tegas          5. Violating the provisions of the Law which expressly states
    menyatakan bahwa pelanggaran terhadap ketentuan                that violation of the provisions of the Law is an act of
    Undang-Undang tersebut sebagai tindakan korupsi.               corruption.
6. Melakukan percobaan pembantuan atau pemufakatan jahat        6. Attempting to assist or conspire to commit acts of
    untuk melakukan tindakan korupsi.                              corruption.
7. Memberikan bantuan, kesempatan, sarana, atau keterangan      7. Providing assistance, opportunities, facilities or information
    untuk terjadinya tindakan korupsi.                             for acts of corruption.



Sosialisasi Kebijakan Anti-Korupsi                              Dissemination of Corruption Acts

Perseroan menunjukkan dukungan terhadap gerakan                 The Company shows support for anti-corruption movement
anti-korupsi melalui sosialisasi secara tatap muka serta        through face-to-face socialization and installation of posters
pemasangan poster dan spanduk di setiap unit kerja.             or banners in each work unit. As further commitment,
Sebagai bentuk komitmen lebih lanjut, Perseroan telah           the Company has implemented WBS to facilitate reporting of
mengimplementasikan WBS yang memfasilitasi pelaporan            indication of violation, including allegation of corruption act.
indikasi pelanggaran, termasuk dugaan tindak pidana korupsi.




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Sanksi Apabila Terindikasi Melakukan                               Sanctions if Indicated to Committing
Tindakan Korupsi                                                   Corruption Acts

Perseroan berkomitmen untuk memberikan sanksi tegas bagi           The Company is committed to provide strict punishment for
setiap karyawan yang terbukti melakukan tindakan korupsi.          any employee proven to commit corruption act. The sanction
Sanksi tersebut meliputi:                                          including:
1. Pemberhentian tidak dengan hormat; serta                        1. Dismissal with dishonor; and
2. Proses hukum sesuai dengan peraturan yang berlaku di            2. Legal process in accordance with the applicable regulations
    wilayah Republik Indonesia.                                        in the Republic of Indonesia.


Pada tahun 2024, Perseroan tidak menerima laporan terkait          In 2024, the Company received no report related to alleged
dugaan tindak korupsi.                                             corruption act.




Pengendalian Gratifikasi
                                                                                          Gratification Control


Perseroan telah mengatur pengendalian gratifikasi melalui          The Company has established gratification control with
Kebijakan Anti-Korupsi dan Etika Bisnis yang disahkan pada         the Anti-Corruption and Business Ethics Policy, which respectively
28 Juli 2021 dan 1 September 2023. Kebijakan ini menjadi pedoman   was ratified on July 28, 2021, and September 1, 2023. The policy
dalam mencegah potensi konflik kepentingan, penyalahgunaan         serves as a guideline to prevent potential conflicts of interest,
kekuasaan, serta mendorong penerapan etika usaha dan kerja         abuse of power, and encourage the implementation of sound
yang sehat. Meskipun belum memiliki kebijakan khusus terkait       business and work ethics. Although it does not have a specific
gratifikasi, Perseroan berkomitmen untuk mengendalikan setiap      policy yet related to gratification, the Company is committed to
bentuk pemberian yang berpotensi menimbulkan benturan              control any form of giving that may cause conflicts of interest, as
kepentingan, sebagai bagian dari penerapan prinsip GCG.            part of the implementation of GCG principles.



Pengelolaan Gratifikasi                                            Gratification Management

Pengelolaan gratifikasi di Perseroan berada di bawah tanggung      Gratification management in the Company is under the
jawab Unit Audit Internal. Unit ini bertugas menelaah dan          responsibility of Internal Audit Unit. This unit is in charge to
menginvestigasi setiap laporan gratifikasi yang diterima,          review and investigate all incoming gratification report, and
kemudian menyampaikan hasilnya kepada Direksi dan                  submit the results to the Board of Directors and the authorities.
pihak berwenang. Selain itu, Unit Audit Internal secara rutin      In addition, the Internal Audit Unit regularly submits progress
memberikan laporan perkembangan dan evaluasi implementasi          reports and evaluation of the implementation of Gratification
Program Pengendalian Gratifikasi kepada Direksi setiap bulan       Control Program to the Board of Directors every month to
untuk memastikan kepatuhan dan efektivitas program di              ensure compliance and effectiveness of the program throughout
seluruh lingkungan perusahaan.                                     the company environment.



Etika Terkait Gratifikasi                                          Ethics Related to Gratification

Seluruh karyawan wajib mematuhi kebijakan etika bisnis yang        All employees are required to comply with the established
telah ditentukan, sebagaimana diuraikan sebagai berikut.           business ethics, as outlined below.
1. Kebijakan                                                       1. Policy
    Perseroan akan menegakkan semua hukum domestik dan                 The Company will enforce all domestic and international
    Internasional serta peraturan yang relevan dengan kegiatan         laws, as well as the relevant regulations to the operational
    operasi, termasuk Undang-Undang No. 20 Tahun 2001                  activities, including Law No. 20 of 2001 concerning the
    tentang Perubahan atas Undang-Undang No. 31 Tahun 1999             Amendments to Law No. 31 of 1999 concerning the
    tentang Pemberantasan Tindak Pidana Korupsi.                       Eradication of Corruption Crimes.




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2. Transparansi                                                  2. Transparency
   Perseroan memberikan semua informasi yang bersifat               The Company provides all information of public nature to
   publik kepada pemegang saham dan pemangku kepentingan            the shareholders and other relevant stakeholders that the
   terkait lainnya yang dianggap perlu oleh Direksi sehingga        Board of Directors deems necessary to allow an objective
   memungkinkan pengambilan keputusan dilakukan secara              decision making.
   objektif.
3. Pencatatan                                                    3. Recording
   Semua transaksi keuangan, dokumentasi pendukung bisnis           All    financial     transactions,   business     supporting
   untuk pembayaran akan didokumentasikan dan disimpan              documentation for payments will be documented and
   sesuai dengan ketentuan yang berlaku.                            stored in accordance with applicable regulations.
4. Tidak Ada Sumbangan Politik                                   4. No Political Donations
   Perseroan tidak akan memberikan sumbangan kepada                 The Company will not provide donations to political parties
   partai politik atau untuk alasan politik.                        or for political reasons.
5. Tidak Ada Suap                                                5. No Bribes
   Memberi atau menerima suap adalah hal yang tidak dapat           Giving or receiving bribes is unacceptable. A bribe is a gift or
   diterima. Suap adalah hadiah atau bujukan dalam bentuk           inducement in any form offered, promised or provided with
   apa pun yang ditawarkan, dijanjikan atau disediakan dengan       the aim of obtaining commercial, contractual, regulatory
   tujuan untuk memperoleh keuntungan komersial, Kontrak,           or personal advantage. This includes money, goods, food,
   peraturan atau pribadi. Hal ini termasuk pada uang, barang,      entertainment and other enjoyments.
   makanan, hiburan dan kenikmatan lainnya.
6. Tidak Ada Uang Pelicin                                        6. No Kickbacks
   Perseroan secara aktif bekerja untuk menghindari                 The Company actively works to avoid the unauthorized
   pembayaran atau penerimaan tidak resmi biaya                     payment or receipt of facilitation fees or bribes. Unofficial
   fasilitasi atau suap. Pembayaran tidak resmi yang dibuat         payments made to secure or speed up processes related to
   untuk mengamankan atau mempercepat proses yang                   the government or government officials. Bribes are usually
   berhubungan dengan pemerintah atau pejabat pemerintah.           payments in exchange for favoring a business, such as
   Suap biasanya pembayaran imbalan untuk mendukung                 selecting a particular provider or contractor.
   bisnis, seperti memilih penyedia tertentu atau kontraktor.
7. Hadiah                                                        7. Gifts
   Hadiah hanya dapat diberikan kepada mitra bisnis atau pihak      Gifts can only be given to business partners or other parties
   lain dengan persetujuan terlebih dahulu dari Direksi. Sifat      with prior approval from the Board of Directors. The nature
   dan nilai dari hadiah yang diterima harus dilaporkan kepada      and value of the gifts received must be reported to the Board
   Direksi, didokumentasikan dan disimpan oleh Perseroan.           of Directors, documented and stored by the Company.
8. Bisnis personal                                               8. Personal Business
   Direksi dan karyawan Perseroan dilarang menggunakan              The Company’s Board of Directors and employees are
   fasilitas perusahaan atau jam kerja perusahaan untuk             prohibited from using company facilities or company
   melakukan bisnis pribadi dan terlibat dalam kegiatan usaha       working hours to conduct personal business and engage in
   tersebut.                                                        such business activities.
9. Benturan Kepentingan                                          9. Conflicts of Interest
   Direksi dan karyawan dilarang memiliki perkebunan                The Board of Directors and employees are prohibited
   sawit dalam radius 100 km untuk menghindari benturan             from owning palm oil plantations within a radius of 100
   kepentingan dan pengelolaan kebun perusahaan lebih               km to avoid conflicts of interest and more professional
   profesional.                                                     management of the company’s plantations.



Laporan Pengendalian Gratifikasi                                 2024 Gratification Control Report
Tahun 2024

Larangan penerimaan gratifikasi di Perseroan secara tegas        The prohibition of gratification acceptance at the Company has
diumumkan melalui situs web resmi perusahaan. Hal ini            been strictly announced through the company’s official website.
memastikan bahwa setiap individu yang mengetahui adanya          This ensures that every individual who is aware of the practice
praktik pemberian atau penerimaan hadiah dan gratifikasi oleh    of giving or receiving of gifts and gratuities by employees,
karyawan, baik atas nama pribadi maupun perusahaan, dapat        both on behalf of individual or the company, can immediately
segera melaporkannya melalui WBS. Sepanjang tahun 2024,          report it through WBS. Throughout 2024, Throughout 2024,
Perseroan tidak menerima laporan terkait gratifikasi yang        the Company did not receive any reports of gratuities occurring
terjadi di lingkungan kerja.                                     in the workplace.




2024 Annual Report                                                                                                              233
Page 236
   PT Sawit Sumbermas Sarana Tbk.




Budaya Anti-Gratifikasi                                             Anti-Gratification Culture

Perseroan menerapkan budaya anti-gratifikasi kepada seluruh         The Company instills the anti-gratification culture to all
karyawan melalui berbagai cara, seperti:                            employees in various ways, such as:
1. Pada program pengenalan untuk karyawan baru;                     1. On the induction program for new employees;
2. Pemasangan poster, brosur dan leaflet yang dipasang di           2. Installation of posters, brochures, and leaflets around the
    sekitar wilayah operasional Perusahaan; serta                      Company’s operational areas; and
3. Penyebaran informasi mengenai layanan keluhan yang               3. Dissemination of information regarding grievance services
    dipasang di seluruh tempat strategis, situs web, dan di slip       in all strategic places, websites, and on employee pay slips.
    gaji karyawan.




Pencegahan Transaksi Orang Dalam
                                                                   Prevention of Insider Transaction


Perseroan memiliki kebijakan yang melarang Direksi, Komisaris,      The Company has a policy prohibiting the Board of Directors,
dan karyawan untuk menggunakan informasi material non-              Board of Commissioners, and employees from using non-public
publik untuk kepentingan pribadi, sebagaimana diatur dalam          material information for personal interest, as stipulated in the
Pedoman Tata Kelola Perusahaan. Informasi ini mencakup              Corporate Governance Guidelines. This information includes
data keuangan, aksi korporasi, atau informasi strategis yang        financial data, corporate actions, or strategic information
belum diungkapkan ke publik. Kebijakan ini bertujuan untuk          that has not been disclosed to the public. This policy aims to
menjaga integritas pasar dan memastikan bahwa tidak ada             maintain market integrity and ensure no party has unfair
pihak yang mendapatkan keuntungan tidak wajar melalui               advantage via insider trading. The Company also implements
insider trading. Perseroan juga menerapkan periode blackout,        a blackout period, where internal parties are prohibited from
di mana pihak internal dilarang melakukan transaksi saham           conducting stock transactions for a certain period prior to the
dalam periode tertentu sebelum laporan keuangan atau aksi           announcement of financial statements or corporate actions to
korporasi diumumkan kepada publik. Selain itu, transaksi pihak      the public. Also, any transactions between the internal parties
internal dengan pihak eksternal harus memenuhi persyaratan          and external parties must meet transparency requirements and
transparansi dan kepatuhan terhadap regulasi yang berlaku.          compliance with the applicable regulations.




Kebijakan Management and Employees’ Stock
Option Plan
                   Policy of Management and Employees’ Stock Option Plan


Perseroan tidak menyediakan skema kepemilikan saham bagi            The Company is not providing share ownership scheme for
karyawan dan manajemen, termasuk melalui program, seperti           employees and management, including through program such
Employee Stock Option Program (ESOP) atau Management Stock          as the Employee Stock Option Program (ESOP) or Management
Option Program (MSOP).                                              Stock Option Program (MSOP).




234                                                                                                            Laporan Tahunan 2024
Page 237
                                                                                                              Tata Kelola Perusahaan
                                                                                                                Corporate Governance




Akses Informasi dan Data Perusahaan
                                             Access to Company’s Information and Data


Perseroan memastikan pengelolaan dan akses informasi serta           The Company ensures the management and access of company’s
data perusahaan dilakukan secara transparan dan aman.                information and data is carried out transparently and securely.
Informasi terkait profil perusahaan, produk dan jasa, laporan        Information related to company profile, products and services,
keuangan, dan aktivitas korporasi dapat diakses oleh pemangku        financial statements, and corporate action are accessible by the
kepentingan melalui situs web resmi di https://ssms.co.id/.          stakeholders via official website https://ssms.co.id/. Additional
Selain itu, informasi tambahan juga dapat diperoleh dengan           information can also be obtained by contacting the Company’s
menghubungi kantor pusat Perseroan di alamat berikut.                head office directly at the following address.


                     Kantor Pusat / Head Office                      Kantor Perwakilan Jakarta / Jakarta Representative Office

 Jl. H. Udan Said No. 47 Pangkalan Bun                             Equity Tower Lt. 43 Suite C-D
 Kalimantan Tengah 74113                                           Jl. Jend. Sudirman Kav. 52-53 SCBD Lot 9
 T : (+62-532) 21297                                               Jakarta 12190, Indonesia
 F : (+62-532) 21396                                               T : (+62-21) 2903 5401
 W : www.ssms.co.id                                                F : (+62-21) 2903 5405
 E : corporate@ssms.co.id                                          E : corporate@ssms.co.id

                                                  Marketing and Product Information

                                                     e. commercial@ssms.co.id




Korespondensi dan Laporan Berkala                                    Correspondence and Periodic Reports

Perseroan menyusun dan melaporkan informasi keuangan dan             The Company prepares and reports financial and non-
non-keuangan secara transparan kepada Pemegang Saham,                financial information transparently to the Shareholders,
pemangku kepentingan, dan lembaga terkait sesuai ketentuan           stakeholders, and related institutions in line with the provisions
Transparansi Kondisi Keuangan. Laporan ini disampaikan tepat         of Transparency of Financial Conditions. These reports are
waktu, akurat, dan lengkap, mencakup:                                submitted in timely, accurate, and complete manner, including:
1. Laporan Tahunan;                                                  1. Annual Report;
2. Laporan Keuangan Triwulanan;                                      2. Quarterly Financial Statements;
3. Laporan bulanan administrasi Pemegang Saham;                      3. Monthly administration report of Company’s shareholders;
4. Laporan rencana RUPS;                                             4. Report of GMS plan;
5. Laporan Penggunaan Dana Hasil Penawaran Umum;                     5. Report on the Use of Public Offering Proceeds;
6. Laporan kepemilikan saham Direksi dan Komisaris;                  6. Report on the share ownership of the Board of Directors and
                                                                         Board of Commissioners;
7. Penjelasan dan klarifikasi atas pemberitaan di media massa        7. Explanation and clarification of news coverage in the mass
   kepada Bursa Efek Indonesia dan Otoritas Jasa Keuangan;               media to the Indonesia Stock Exchange and Financial
   serta                                                                 Services Authority; and
8. Keterbukaan informasi corporate action dan public expose.         8. Information disclosure of corporate action and public
                                                                         expose.


Perseroan juga rutin berkorespondensi dan melaporkan kepada          The Company also regularly corresponding and reporting to
Bursa Efek Indonesia dan Otoritas Jasa Keuangan sebagai              the Indonesia Stock Exchange and Financial Services Authority
wujud komitmen terhadap transparansi dan keterbukaan                 as a form of commitment to transparency and information
informasi bagi publik dan pemangku kepentingan.                      disclosure to the public and stakeholders.




2024 Annual Report                                                                                                                     235
Page 238
  PT Sawit Sumbermas Sarana Tbk.




Penerapan Aspek dan Prinsip Tata Kelola
Perusahaan Sesuai Ketentuan Otoritas
Jasa Keuangan
                         Implementation of Aspects and Principles of Corporate
                          Governance According to Financial Services Authority


Perseroan telah menyesuaikan penerapan GCG dengan                           The Company has adjusted the GCG implementation with Public
Pedoman     Tata   Kelola    Perusahaan     Terbuka,  yang                  Company Governance Guidelines, prepared based on Financial
disusun berdasarkan Peraturan Otoritas Jasa Keuangan                        Services Authority Regulation No. 21/ POJK.04/2015 on
No. 21/ POJK.04/2015 tentang Penerapan Pedoman Tata Kelola                  the Implementation of Public Company Governance Guidelines
Perusahaan Terbuka dan Surat Edaran Otoritas Jasa Keuangan                  and Financial Services Authority Circular No. 32/SEOJK.04/2015.
No. 32/SEOJK.04/2015. Penerapan pedoman tersebut pada                       The implementation of the guidelines in 2024 is disclosed in the
tahun 2024 diungkapkan dalam tabel berikut.                                 following table.


                    Aspek/Prinsip/Rekomendasi                                                               Keterangan
 No.                                                                   Status
                 Aspect/Principle/Recommendation                                                            Description

  I.    Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
        Relationship of Public Company with the Shareholders in Ensuring the Shareholders’ Rights

   1.   Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS).
        Improving the Value of General Meeting of Shareholders (GMS) Convention.

        a.   Perusahaan Terbuka memiliki cara atau prosedur           Terpenuhi     Kebijakan mengenai tata cara pemungutan suara (voting)
             teknis pengumpulan suara (voting), baik secara terbuka    Comply       dalam pengambilan keputusan saat RUPS diatur dalam
             maupun tertutup yang mengedepankan independensi,                       Anggaran Dasar Perseroan.
             dan kepentingan Pemegang Saham.                                        Policy regarding the voting procedure in the decision-making at
             Public company has technical procedures for opened                     the GMS is regulated in the Company’s Articles of Association.
             or closed voting that promote independency and
             shareholders’ interests.

        b.   Seluruh anggota Dewan Komisaris dan anggota Direksi      Penjelasan    RUPS Tahunan Perseroan pada 25 April 2024 tidak dihadiri
             Perusahaan Terbuka hadir dalam RUPS Tahunan.             Explanation   oleh anggota Direksi yang mengundurkan diri.
             All members of the Board of Commissioners and                          The Company’s Annual GMS on April 25, 2024 was not attended
             members of the Board of Directors of the Public                        by resigning members of the Board of Directors.
             Company are present at the Annual GMS.

        c.   Ringkasan risalah RUPS tersedia dalam situs web          Terpenuhi     Ringkasan risalah RUPS dimuat dalam situs Perseroan pada
             Perusahaan Terbuka paling sedikit selama 1 tahun.         Comply       bagian More > RUPS > Pengumuman.
             Summary of GMS Minutes is available on Public                          Summary of GMS Minutes is uploaded on Company’s website
             Company’s Website for no less than 1 year.                             on More > RUPS > Announcement.

   2.   Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor.
        Improving Communication Quality of Public Company with Shareholders or Investors.

        a.   Perusahaan Terbuka memiliki suatu kebijakan              Terpenuhi     Perseroan memiliki kebijakan komunikasi dengan Pemegang
             komunikasi dengan Pemegang Saham atau investor.           Comply       Saham, sebagaimana diatur dalam Anggaran Dasar dan
             Public company has a communication policy with                         dilaksanakan melalui Sekretaris Perusahaan.
             shareholders or investors.                                             The Company has a communication policy with Shareholders,
                                                                                    as stipulated in the Articles of Association and implemented by
                                                                                    Corporate Secretary.

        b.   Perusahaan Terbuka mengungkapkan kebijakan               Terpenuhi     Perseroan telah menyediakan laman Hubungan Investor yang
             komunikasi Perusahaan Terbuka dengan Pemegang             Comply       memuat informasi penting yang dibutuhkan oleh Pemegang
             Saham atau investor dalam situs web.                                   Saham atau investor.
             Public company discloses its communication policy with                 The Company provided Investor Relations page containing
             shareholders or investors in Website.                                  important information required by the Shareholders or
                                                                                    investors.




236                                                                                                                          Laporan Tahunan 2024
Page 239
                                                                                                                    Tata Kelola Perusahaan
                                                                                                                      Corporate Governance




                     Aspek/Prinsip/Rekomendasi                                                              Keterangan
 No.                                                                    Status
                  Aspect/Principle/Recommendation                                                           Description

  II.    Fungsi dan Peran Dewan Komisaris
         Functions and Roles of Board of Commissioners

    3.   Memperkuat Keanggotaan dan Komposisi Dewan Komisaris.
         Strengthening the Membership and Composition of Board of Commissioners.

         a.   Penentuan jumlah anggota Dewan Komisaris                 Terpenuhi    Jumlah anggota Dewan Komisaris telah sesuai kondisi terkini
              mempertimbangkan kondisi Perusahaan Terbuka.              Comply      Perseroan.
              Determination of number of Board of Commissioners’                    Number of Board of Commissioners’ members is in line with
              members shall considers the conditions of Public                      the current condition of the Company.
              Company.

         b.   Penentuan komposisi anggota Dewan Komisaris              Terpenuhi    Anggota Dewan Komisaris yang menjabat saat ini memiliki
              memperhatikan keberagaman keahlian, pengetahuan,          Comply      keahlian, pengetahuan, dan pengalaman yang dibutuhkan
              dan pengalaman yang dibutuhkan.                                       Perseroan.
              Determination    of    composition    of   Board of                   Board of Commissioners’ members currently in position have
              Commissioners’ members considers the variety of                       the expertise, knowledge, and experiences required by the
              expertise, knowledge, and experiences required.                       Company.

    4.   Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris.
         Improving the Quality of Duties and Responsibilities Implementation of Board of Commissioners.

         a.   Dewan Komisaris mempunyai kebijakan penilaian            Terpenuhi    Penilaian kinerja Dewan Komisaris dilaksanakan secara
              sendiri (self-assessment) untuk menilai kinerja Dewan     Comply      mandiri (self-assessment).
              Komisaris.                                                            Board of Commissioners has independent self-assessment
              Board of Commissioners has self-assessment policy to                  policy to assess its performance.
              assess the performance of Board of Commissioners.

         b.   Kebijakan penilaian sendiri (self-assessment) untuk      Terpenuhi    Uraian lengkap terkait penilaian kinerja Dewan Komisaris
              menilai kinerja Dewan Komisaris diungkapkan melalui       Comply      telah diungkapkan dalam Laporan Tahunan ini.
              Laporan Tahunan Perusahaan Terbuka.                                   Complete description related to the performance assessment
              Self-Assessment policy to assess the performance of                   of Board of Commissioners has been disclosed in this Annual
              Board of Commissioners is disclosed in Annual Report                  Report.
              of Public Company.

         c.   Dewan Komisaris mempunyai kebijakan terkait              Terpenuhi    Kebijakan terkait pengunduran diri anggota Dewan Komisaris,
              pengunduran diri anggota Dewan Komisaris apabila          Comply      termasuk apabila terlibat dalam kejahatan keuangan, telah
              terlibat dalam kejahatan keuangan.                                    tercantum dalam Anggaran Dasar Perseroan yang disusun
              Board of Commissioners has a policy related to the                    berdasarkan Peraturan Otoritas Jasa Keuangan No. 33/
              resignation of member of Board of Commissioners if                    POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten
              involved in financial crime.                                          atau Perusahaan Publik.
                                                                                    Policy related to the resignation of members of Board of
                                                                                    Commissioners, including if involved in financial crimes, has
                                                                                    been stated in the Company’s Articles of Association which is
                                                                                    set based on Financial Services Authority Regulation No. 33/
                                                                                    POJK.04/2014 concerning the Board of Directors and Board of
                                                                                    Commissioners of Issuers or Public Companies.

         d.   Dewan Komisaris atau Komite yang menjalankan fungsi      Terpenuhi    Perseroan telah memiliki Komite Nominasi dan Remunerasi
              nominasi dan remunerasi menyusun kebijakan suksesi        Comply      yang memiliki kewajiban untuk menyusun kebijakan suksesi
              dalam proses nominasi anggota Direksi.                                dalam proses nominasi anggota Direksi.
              Board of Commissioners or Committee conducting the                    The Company has the Nomination and Remuneration
              Nomination and Remuneration functions prepare the                     Committee, obliged to prepare a succession policy in the
              succession policy in the nomination process of members                nomination process of members of Board of Directors.
              of Board of Directors.

  III.   Fungsi dan Peran Direksi
         Functions and Roles of Board of Directors

    5.   Memperkuat Keanggotaan dan Komposisi Direksi.
         Strengthening the Membership and Composition of Board of Directors.

         a.   Penentuan jumlah anggota Direksi mempertimbangkan        Terpenuhi    Jumlah anggota Direksi telah sesuai kondisi terkini Perseroan.
              kondisi Perusahaan Terbuka serta efektivitas dalam        Comply      Number of Board of Directors’ members is in line with the
              pengambilan keputusan.                                                current condition of the Company.
              Determination of number of Board of Directors’
              members considers the condition of public company and
              the effectiveness of decision-making.




2024 Annual Report                                                                                                                            237
Page 240
  PT Sawit Sumbermas Sarana Tbk.




                     Aspek/Prinsip/Rekomendasi                                                                Keterangan
No.                                                                        Status
                  Aspect/Principle/Recommendation                                                             Description

        b.   Penentuan komposisi anggota Direksi memperhatikan            Terpenuhi   Anggota Direksi yang menjabat saat ini memiliki keahlian,
             keberagaman keahlian, pengetahuan, dan pengalaman             Comply     pengetahuan, dan pengalaman yang dibutuhkan Perseroan.
             yang dibutuhkan.                                                         Board of Directors’ members currently in position have
             Determination of composition of Board of Directors’                      the expertise, knowledge, and experiences required by the
             members considers the variety of expertise, knowledge,                   Company.
             and experiences required.

        c.   Anggota Direksi yang membawahi bidang akuntansi atau         Terpenuhi   Direksi yang membawahi bidang akuntansi dan keuangan
             keuangan memiliki keahlian dan/atau pengetahuan di            Comply     memiliki pengetahuan dan pengalaman di bidang terkait.
             bidang akuntansi.                                                        The Director liable for accounting and finance has knowledge
             Member of Board of Directors who is liable for accounting                and experience in the related field.
             or finance has accounting expertise and/ or knowledge.

   6.   Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi.
        Improving the Duties and Responsibilities Implementation of Board of Directors

        a.   Direksi mempunyai kebijakan penilaian sendiri (self-         Terpenuhi   Penilaian kinerja Direksi dilaksanakan secara mandiri
             assessment) untuk menilai kinerja Direksi.                    Comply     (self-assessment), mengacu pada pencapaian key performance
             Board of Directors has self-assessment policy to assess                  indicators (KPI) dan target yang telah disepakati dalam rencana
             the performance of Board of Directors.                                   kerja tahunan.
                                                                                      Board of Directors has independent self-assessment policy to
                                                                                      assess its performance, by referring to the achievement of key
                                                                                      performance indicators (KPI) and targets agreed in the annual
                                                                                      work plan.

        b.   Kebijakan penilaian sendiri (self-assessment) untuk          Terpenuhi   Uraian lengkap terkait penilaian kinerja Direksi telah
             menilai kinerja Direksi diungkapkan melalui Laporan           Comply     diungkapkan dalam Laporan Tahunan ini.
             Tahunan Perusahaan Terbuka.                                              Complete description related to the performance assessment
             Self-assessment policy to assess the performance                         of Board of Directors has been disclosed in this Annual Report.
             of Board of Directors is disclosed in Annual Report of
             public company.

        c.   Direksi mempunyai kebijakan terkait pengunduran              Terpenuhi   Kebijakan terkait pengunduran diri anggota Direksi, termasuk
             diri anggota Direksi apabila terlibat dalam kejahatan         Comply     apabila terlibat dalam kejahatan keuangan, telah tercantum
             keuangan.                                                                dalam Anggaran Dasar Perseroan yang disusun berdasarkan
             Board of Directors has a policy related to the resignation               Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang
             of member of Board of Directors if involved in financial                 Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik.
             crime.                                                                   Policy related to the resignation of members of Board of
                                                                                      Directors, including if involved in financial crimes, has
                                                                                      been stated in the Company’s Articles of Association which
                                                                                      is set based on Financial Services Authority Regulation
                                                                                      No. 33/POJK.04/2014 concerning the Board of Directors and
                                                                                      Board of Commissioners of Issuers or Public Companies.

 IV.    Partisipasi Pemangku Kepentingan
        Participation of Stakeholders

   7.   Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan.
        Improving corporate governance aspect through participation of stakeholders

        a.   Perusahaan Terbuka memiliki kebijakan               untuk    Terpenuhi   Perseroan telah memiliki kebijakan terkait insider trading,
             mencegah terjadinya insider trading.                          Comply     sebagaimana tercantum dalam Pedoman Tata Kelola
             Public Company has a policy to prevent insider trading.                  Perusahaan.
                                                                                      The Company has a policy related to insider trading as stated in
                                                                                      the Corporate Governance Guidelines.

        b.   Perusahaan Terbuka memiliki kebijakan anti-korupsi           Terpenuhi   Perseroan memiliki kebijakan khusus terkait anti-korupsi
             dan anti-fraud.                                               Comply     dan anti-fraud sebagaimana tercantum dalam Kebijakan
             Public company has anti-corruption and anti-fraud                        Anti-Korupsi dan Kebijakan Etika Bisnis.
             policy.                                                                  The Company has special policy related to anti-corruption and
                                                                                      anti-fraud as stated in the Anti-Corruption Policy and Business
                                                                                      Ethics Policy.




238                                                                                                                            Laporan Tahunan 2024
Page 241
                                                                                                                       Tata Kelola Perusahaan
                                                                                                                         Corporate Governance




                     Aspek/Prinsip/Rekomendasi                                                                Keterangan
 No.                                                                    Status
                  Aspect/Principle/Recommendation                                                             Description

        c.   Perusahaan Terbuka memiliki kebijakan tentang seleksi     Terpenuhi     Perseroan telah memiliki kebijakan yang mengatur tentang
             dan peningkatan kemampuan pemasok atau vendor.             Comply       seleksi dan peningkatan kemampuan pemasok atau vendor.
             Public company has a policy concerning selection and                    Sebagaimana diungkapkan dalam prosedur pengadaan
             capability improvement of suppliers and vendors.                        barang dan jasa berdasarkan SOP-PBJ.GN-001. Kebijakan
                                                                                     itu dijadikan sebagai pedoman bagi unit terkait dalam
                                                                                     menentukan mitra kerja.
                                                                                     The Company has a policy regulating the selection and
                                                                                     capability improvement of suppliers or vendors. As stated in
                                                                                     the procedure for procurement of goods and services SOP-
                                                                                     PBJ.GN-001. The policy serves as a guideline for related units
                                                                                     in determining work partners.

        d.   Perusahaan Terbuka memiliki         kebijakan   tentang   Penjelasan    Saat ini, Perseroan belum memiliki kebijakan tentang
             pemenuhan hak-hak kreditur.                               Explanation   pemenuhan hak-hak kreditur.
             Public company has a policy concerning the fulfillment                  Currently, the Company has no policy on the fulfillment of
             of creditors’ rights.                                                   creditors’ rights.



        e.   Perusahaan Terbuka       memiliki   kebijakan   sistem    Terpenuhi     Perseroan telah menjalankan sistem whistleblowing dalam
             whistleblowing.                                            Comply       aktivitas bisnis, serta telah diungkapkan dalam Laporan
             Public company has a Whistleblowing System policy.                      Tahunan ini.
                                                                                     The Company implements the whistleblowing system in
                                                                                     the business activities, and disclosed it in this Annual Report.

        f.   Perusahaan Terbuka memiliki kebijakan pemberian           Penjelasan    Saat ini, Perseroan belum memiliki program insentif jangka
             insentif jangka panjang kepada Direksi dan karyawan.      Explanation   panjang khusus, namun senantiasa mengevaluasi berbagai
             Public company has long-term incentive policy for the                   mekanisme yang dapat mendorong kinerja dan retensi jangka
             Board of Directors and employees.                                       panjang bagi Direksi dan karyawan.
                                                                                     Currently, the Company has no special long-term incentive
                                                                                     program, but constantly evaluating various mechanism to
                                                                                     boost the performance and long-retention for the Board of
                                                                                     Directors and employees.

  V.    Keterbukaan Informasi
        Information Disclosure

   8.   Meningkatkan Pelaksanaan Keterbukaan Informasi.
        Improving the Implementation of Information Disclosure

        a.   Perusahaan Terbuka memanfaatkan penggunaan                Terpenuhi     Hingga saat ini, Perseroan hanya memanfaatkan situs web dan
             teknologi informasi secara lebih luas selain situs web     Comply       Bursa Efek Indonesia sebagai sarana dalam menyampaikan
             sebagai media keterbukaan informasi.                                    informasi. Ke depannya, perusahaan akan terus berupaya
             Public Company utilizes broader use of information                      untuk memanfaatkan teknologi informasi sebagai media untuk
             technology other than website as information disclosure                 menyampaikan informasi terkini.
             media.                                                                  Until now, the Company only utilized website and Indonesia
                                                                                     Stock Exchange as a means to deliver information. Moving
                                                                                     forward, the company will continue striving to utilize information
                                                                                     technology as a medium to deliver latest information.

        b.   Laporan Tahunan Perusahaan Terbuka mengungkapkan          Terpenuhi     Informasi terkait pemilik manfaat terakhir telah diungkapkan
             pemilik manfaat akhir dalam kepemilikan saham              Comply       bagian Informasi Pemegang Saham Utama dan/atau
             Perusahaan Terbuka paling sedikit 5%, selain                            Pengendali bab Profil Perusahaan dalam Laporan Tahunan ini.
             pengungkapan pemilik manfaat akhir dalam kepemilikan                    Information related to ultimate beneficial owner has been
             saham Perusahaan Terbuka melalui Pemegang Saham                         disclosed in the Information of Major and/or Controlling
             Utama dan Pengendali.                                                   Shareholders section of the Company Profile chapter in this
             Annual Report of Public Company discloses beneficial                    Annual Report.
             owner in share ownership of Public Company of at
             least 5%, other than disclosure of beneficial owner in
             share ownership of Public Company through Major and
             Controlling shareholders.




2024 Annual Report                                                                                                                                 239
Page 242
  PT Sawit Sumbermas Sarana Tbk.




Penerapan Aspek dan Prinsip Tata Kelola
Perusahaan Sesuai Ketentuan Pedoman Umum
Governansi Korporat Indonesia
                     Implementation of Corporate Governance Aspects and
                    Principles Following the Provisions of Indonesian General
                                        Guidelines for Corporate Governance

Selain Pedoman Tata Kelola Perusahaan Terbuka berdasarkan                    In addition to Corporate Governance Guidelines for
Otoritas Jasa Keuangan, Perseroan juga mematuhi dan                          Public Companies from the Financial Services Authority (OJK),
mengimplementasikan prinsip dan rekomendasi PUGKI 2021,                      the Company also comply and implements the principles and
sebagaimana diuraikan berikut.                                               recommendations of the 2021 General Guidelines for Indonesian
                                                                             Corporate Governance (PUGKI), as outlined below.


                      Prinsip/Rekomendasi                                    Keterangan                 Penerapan di Perseroan
                  Principles/Recommendations                                 Description             Implementation in the Company

  I.   Peran dan Tanggung Jawab Direksi dan Dewan Komisaris
       Roles and Responsibilities of the Board of Directors and the Board of Commissioners

       1.   Peran dan Tanggung Jawab Direksi
            Roles and Responsibilities of the Board of Directors

            a.   Untuk mencapai penciptaan nilai yang berkelanjutan,          Diterapkan     Perseroan, melalui Direksi, menerapkan standar
                 Direksi menjalankan peran kepemimpinannya dan                 Applied       etika bisnis tinggi yang diwujudkan dalam Kode
                 berupaya mencapai hasil governansi, yakni:                                  Etik, dengan menanamkan nilai-nilai kepedulian,
                 • Berdaya saing dan berfokus ke kinerja jangka panjang;                     tanggung jawab, dan integritas. Direksi berkomitmen
                 • Beretika       dan     bertanggung   jawab     dalam                      menjalankan bisnis yang beretika, bertanggung jawab,
                     menjalankan bisnis;                                                     serta berkontribusi positif terhadap masyarakat dan
                 • Berkontribusi positif terhadap masyarakat dan                             lingkungan, guna mencapai kinerja berkelanjutan dan
                     lingkungan; serta                                                       mendukung pertumbuhan jangka panjang.
                 • Berkemampuan dalam bertahan dan bertumbuh                                 The Company, through the Board of Directors,
                     (corporate resilience).                                                 implements high business ethics standards as stated
                 To achieve the creation of sustainable values, the Board                    in the Code of Conduct, by instilling values of care,
                 of Directors carries out its leadership roles and strives                   responsibility, and integrity. The Board of Directors
                 to achieve governance results, namely:                                      is committed to carry out business in ethical,
                 • Competitive and focus on long-term performance;                           responsible manner, as well as contributing positively
                 • Ethical and responsible in carrying out businesses;                       to the community and the environment, to achieve
                 • Positive contribution to the community and the                            sustainable performance and support long-term
                      environment; and                                                       growth.
                 • Able to survive and grow {corporate resilience}.

            b.   Direksi harus memastikan bahwa misi, visi, tujuan,           Diterapkan     Perseroan memastikan bahwa visi, misi, serta strategi
                 sasaran, strategi, dan rencana tahunan dan jangka             Applied       bisnis jangka pendek dan jangka panjang berjalan
                 menengah korporasi konsisten dengan tujuan jangka                           selaras melalui pemanfaatan teknologi dan inovasi
                 panjang, dengan memanfaatkan inovasi dan teknologi                          secara optimal untuk mendukung pencapaian target
                 secara efektif.                                                             dan pertumbuhan yang berkelanjutan.
                 The Board of Directors must ensure the corporate’s                          The Company ensures the vision, mission, as well as
                 mission, vision, objectives, targets, strategies and                        short-term and long-term business strategies are
                 annual and medium-term plans, are consistent with                           aligned through optimum utilization of technology
                 the long-term objectives, by utilizing innovations and                      and innovation to support the target achievement and
                 technologies effectively.                                                   sustainable growth.

            c.   Direksi memastikan bahwa korporasi menerapkan                Diterapkan     Direksi memastikan bahwa sistem manajemen risiko
                 manajemen risiko dan sistem pengendalian internal yang        Applied       dan pengendalian internal diterapkan secara tepat dan
                 tepat dan efektif yang selaras dengan visi, misi, tujuan,                   efektif, selaras dengan visi, misi, tujuan, sasaran, dan
                 sasaran, dan strategi korporasi serta mematuhi peraturan                    strategi korporasi, serta sesuai dengan peraturan dan
                 perundang-undangan dan standar yang berlaku.                                standar yang berlaku.
                 The Board of Directors ensures the corporation applies                      The Board of Directors ensures the risk management
                 appropriate and effective risk management and internal                      system and internal control are properly and effectively
                 control system in line with corporate’s vision, mission,                    implemented, in line with vision, mission, goals,
                 objectives, targets, and strategies as well as complies                     objectives, and corporate strategy, as well as in line
                 with applicable laws and regulations and standards.                         with applicable regulations and standards.




240                                                                                                                           Laporan Tahunan 2024
Page 243
                                                                                                                      Tata Kelola Perusahaan
                                                                                                                        Corporate Governance




                         Prinsip/Rekomendasi                                  Keterangan               Penerapan di Perseroan
                     Principles/Recommendations                               Description           Implementation in the Company

             d.   Direksi memastikan integritas akuntansi dan sistem           Diterapkan   Direksi memastikan integritas sistem pelaporan
                  pelaporan keuangan korporasi dan pengungkapan yang            Applied     keuangan    dan     akuntansi   korporasi  dengan
                  tepat waktu dan akurat atas semua informasi material                      menunjuk auditor eksternal yang berkualifikasi dan
                  mengenai korporasi.                                                       berpengalaman, serta menjamin pengungkapan
                  The Board of Directors ensures the corporate’s                            semua informasi material secara akurat dan tepat
                  accounting integrity and financial reporting system                       waktu melalui situs web Perseroan.
                  and timely and accurately disclosure of all material                      The Board of Directors ensures the integrity of
                  information regarding the corporation.                                    corporate’s financial reporting and accounting system
                                                                                            by appointing qualified and experienced external
                                                                                            auditors, as well as guaranteeing accurate and
                                                                                            timely disclosure of all material information through
                                                                                            Company’s website.

             e.   Direksi memastikan pelaporan keberlanjutan telah             Diterapkan   Direksi memastikan Laporan Keberlanjutan disusun
                  disusun sebagaimana mestinya.                                 Applied     sesuai ketentuan dengan menggunakan standar
                  The Board of Directors ensures sustainable reporting                      nasional dan internasional, seperti Peraturan
                  has been prepared accordingly.                                            Otoritas Jasa Keuangan No. 51/POJK.03/2017
                                                                                            tentang Keuangan Berkelanjutan dan kerangka Global
                                                                                            Reporting Initiative (GRI).
                                                                                            The Board of Directors ensures Sustainability Report
                                                                                            is prepared in line with regulations by using national
                                                                                            and international standards, such the Financial
                                                                                            Services Authority Regulation No. 51/POJK.03/2017
                                                                                            on Sustainable Finance and Global Reporting Initiative
                                                                                            (GRI) framework.

             f.   Direksi membangun kerangka kerja untuk governansi            Diterapkan   Direksi    memastikan   bahwa    kerangka   kerja
                  teknologi informasi korporasi yang selaras dengan             Applied     governansi teknologi informasi (TI) dibangun dan
                  kebutuhan dan prioritas bisnis korporasi, mendorong                       diimplementasikan secara selaras dengan strategi
                  peluang dan kinerja bisnis, memperkuat manajemen                          dan prioritas bisnis Perseroan. Kerangka ini
                  risiko, serta mendukung tujuan dan strategi korporasi.                    juga bertujuan untuk mendorong peluang bisnis,
                  The Board of Directors develops framework for                             meningkatkan kinerja, memperkuat manajemen
                  corporate information technology (IT) governance in line                  risiko, serta mendukung pencapaian tujuan jangka
                  with corporate’s business needs and priorities, drive                     panjang Perseroan.
                  business opportunities and performance, strengthen                        The Board of Directors ensures the information
                  risk management, as well as supporting corporate’s                        technology (IT) governance framework is developed
                  objectives and strategies.                                                and implemented in line with Company’s business
                                                                                            strategy and priorities. This framework also aims to
                                                                                            drive business opportunities, enhance performance,
                                                                                            strengthen risk management, and supporting
                                                                                            the achievement of the Company’s long-term goals.

             g.   Bagi korporasi yang menjalankan kegiatan usaha               Diterapkan   Perseroan tidak menjalankan kegiatan usaha berbasis
                  berdasarkan prinsip Syariah, Direksi perlu memastikan         Applied     prinsip syariah. Namun, Perseroan telah membentuk
                  kewenangan dan ketersediaan perangkat pendukung                           organ pendukung di bawah Direksi dan Dewan
                  yang memadai agar Dewan Pengawas Syariah dapat                            Komisaris untuk mempermudah koordinasi dalam
                  menjalankan perannya dengan efektif.                                      pelaksanaan tugas dan tanggung jawab.
                  For corporation carrying out business activities based on                 The Company is not carrying out business activities
                  Sharia principles, the Board of Directors needs to ensure                 based on Sharia principles. However, the Company
                  sufficient authorities and availability of supporting                     has established supporting organs under the Board
                  apparatus to allow the Sharia Supervisory Board to carry                  of Directors and Board of Commissioners to facilitate
                  out its roles effectively.                                                coordination in the implementation of duties and
                                                                                            responsibilities.

             h.   Piagam Direksi secara periodik ditinjau. Piagam              Diterapkan   Direksi menjalankan tugas dan tanggung jawabnya
                  mencakup antara lain pembagian peran Direktur secara          Applied     sesuai dengan Piagam Direksi yang disahkan pada 10
                  individual dapat diatur di Piagam Direksi atau dengan                     April 2019. Piagam tersebut ditinjau secara berkala
                  surat keputusan Direksi.                                                  agar tetap sesuai dengan perkembangan perusahaan
                  Board of Directors’ Charter is reviewed periodically.                     dan peraturan yang berlaku.
                  The Charter covers, among others, that the division                       The Board of Directors carry out its duties and
                  of individual roles of the Director can be stipulated in                  responsibilities in line with Board of Directors’ Charter,
                  the Board of Directors’ Charter or with the Board of                      which was ratified in April 10, 2019. The Charter is
                  Directors decree.                                                         reviewed periodically to ensure it remains up to date
                                                                                            with the development of the company and applicable
                                                                                            regulations.




2024 Annual Report                                                                                                                                241
Page 244
  PT Sawit Sumbermas Sarana Tbk.




                     Prinsip/Rekomendasi                                      Keterangan               Penerapan di Perseroan
                 Principles/Recommendations                                   Description           Implementation in the Company

           i.   Direksi mempunyai kebijakan terkait pengunduran                Diterapkan   Anggaran Dasar Perseroan mengatur kebijakan
                diri anggota Direksi apabila terlibat dalam kejahatan           Applied     pengunduran diri Direksi, termasuk jika terdapat
                keuangan dan terbukti melakukan kesalahan.                                  keterlibatan dalam kejahatan keuangan.
                Board of Directors has a policy related to the resignation                  The Company’s Articles of Association regulates the
                of member of Board of Directors if involved in financial                    resignation policy of Board of Directors, including if
                crime and proven guilty.                                                    involved in financial crimes.

      2.   Penilaian Kinerja - Direksi dan Anggotanya
           Performance Assessment - Board of Directors and its Members

           a.   Direksi mempunyai kebijakan penilaian sendiri                  Diterapkan   Penilaian kinerja Direksi dilaksanakan secara mandiri
                (self-assessment) untuk menilai kinerja Direksi.                Applied     (self-assessment), mengacu pada pencapaian KPI
                Board of Directors has self-assessment policy to assess                     dan target yang telah disepakati dalam rencana kerja
                the performance of Board of Directors.                                      tahunan. Uraian lengkap terkait penilaian kinerja Direksi
                                                                                            telah diungkapkan dalam Laporan Tahunan ini. Selain
           b.   Kebijakan penilaian sendiri (self-assessment) untuk                         itu, Dewan Komisaris melaksanakan evaluasi formal
                menilai kinerja Direksi diungkapkan melalui laporan                         tahunan secara obyektif dan independen untuk menilai
                tahunan perusahaan terbuka.                                                 efektivitas Direksi dan setiap individu Direktur. Pada
                                                                                            1 Juli 2024, Perseroan membentuk kembali Komite
                Self-assessment policy to assess the performance
                                                                                            Nominasi dan Remunerasi, yang ke depannya akan
                of Board of Directors is disclosed in Annual Report of
                                                                                            bertanggung jawab bersama Dewan Komisaris dalam
                public company.
                                                                                            menentukan kriteria evaluasi kinerja dan menilai kinerja
           c.   Dewan Komisaris melakukan evaluasi formal tahunan                           Direktur Utama serta anggota Direksi lainnya.
                secara obyektif dan independen untuk menentukan                             Performance assessment of Board of Directors is done
                efektivitas Direksi dan setiap individu Direktur.                           through self-assessment, referring to achievement
                The Board of Commissioners performs annual formal                           of KPIs and targets agreed in the annual work plan.
                evaluation objectively and independently to assess                            A detailed description of performance assessment
                the effectiveness of the Board of Directors and each                        of Board of Directors has been disclosed in this
                individual Director.                                                        Annual Report. Also, Board of Commissioners
                                                                                            performs annual formal evaluation objectively and
           d.   Dewan Komisaris dengan pertimbangan Komite                                  independently to assess the effectiveness of the
                Nominasi dan Remunerasi, bertanggung jawab                                  Board of Directors and each individual Director. On
                menentukan kriteria evaluasi kinerja dan menilai                            July 1, 2024, the Company re-established the Nomination
                kinerja Direktur Utama dan anggota Direksi lainnya.                         and Remuneration Committee, which, together with
                                                                                            Board of Commissioners, be jointly responsible to set
                The Board of Commissioners, with consideration
                                                                                            out performance evaluation criteria and assessing
                from Nomination and Remuneration Committee, is
                                                                                            the performance of the President Director and other
                responsible to set out the performance evaluation
                                                                                            members of the Board of Directors.
                criteria and assessing the performance of President
                Director and other members of Board of Directors.

      3.   Peran dan Tanggung Jawab Dewan Komisaris
           Roles and Responsibilities of the Board of Commissioners

           a.   Dewan Komisaris mereviu strategi korporasi paling              Diterapkan   Dewan Komisaris dan Direksi secara rutin, paling tidak
                tidak setiap tahun dan menyetujui misi, visi dan                Applied     setiap tahun, meninjau dan menyetujui kesesuaian visi,
                strategi korporasi yang dirumuskan oleh Direksi.                            misi, dan strategi perusahaan dengan memperhatikan
                Dewan Komisaris juga mereviu, memberikan saran                              kondisi terkini serta tantangan bisnis di masa depan.
                dan menyetujui rencana bisnis dan rencana keuangan                          Dewan Komisaris juga memberikan advis, menelaah,
                jangka panjang dan rencana keuangan jangka pendek                           dan menyetujui rencana bisnis, rencana keuangan
                korporasi. Dewan Komisaris memberikan advis                                 jangka panjang, serta rencana keuangan jangka pendek
                dan melakukan pemantauan kepada Direksi atas                                perusahaan. Selain itu, Dewan Komisaris memantau
                                                                                            implementasi rencana tersebut oleh Direksi. Direksi dan
                pengelolaan implementasinya. Direksi dan Dewan
                                                                                            Dewan Komisaris terlibat dalam pengambilan keputusan
                Komisaris terlibat dalam keputusan yang sangat penting
                                                                                            strategis yang sangat penting bagi perusahaan,
                bagi korporasi, diatur dalam anggaran dasar korporasi.                      sebagaimana diatur dalam Anggaran Dasar Perseroan
                The Board of Commissioners reviews the corporate                            dan dijelaskan dalam pembahasan rapat Dewan
                strategies at least annually and approves the corporate                     Komisaris dan Direksi di Laporan Tahunan ini.
                mission, vision, and strategies formulated by Board of                      The Board of Commissioners and Board of Directors
                Directors. The Board of Commissioners also reviews,                         periodically, at least annually, review and approve
                gives advices, and approves corporate’s business plans                      alignment of company’s vision, mission, and strategy
                and long-term financial plans and short-term financial                      by considering current conditions and future business
                plans. The Board of Commissioners gives advices and                         challenges. The Board of Commissioners also gives
                monitors Board of Directors for its implementation                          advice, reviews, and approves company’s business
                management. The Board of Directors and Board of                             plan, long-term financial plan, and short-term
                Commissioners are involved in very important decisions                      financial plan. Also, the Board of Commissioners
                for the corporation, stipulated in the corporate’s articles                 monitors the implementation of these plans by Board
                of associations.                                                            of Directors. The Board of Directors and Board of
                                                                                            Commissioners are involved in making very important
                                                                                            strategic decisions for the company, as stipulated in
                                                                                            Company’s Articles of Association and explained in
                                                                                            meetings of the Board of Commissioners and Board of
                                                                                            Directors in this Annual Report.




242                                                                                                                           Laporan Tahunan 2024
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                                                                                                                    Tata Kelola Perusahaan
                                                                                                                      Corporate Governance




                         Prinsip/Rekomendasi                                 Keterangan               Penerapan di Perseroan
                     Principles/Recommendations                              Description           Implementation in the Company

             b.   Jenis keputusan yang memerlukan persetujuan Dewan           Diterapkan   Uraian terkait jenis keputusan yang perlu persetujuan
                  Komisaris harus diungkapkan dalam Laporan Tahunan.           Applied     Dewan Komisaris telah diungkapkan dalam Laporan
                  Types of decisions requiring Board of Commissioners’                     Tahunan ini.
                  approval must be disclosed in the annual report.                         Description of the types of decisions requiring Board of
                                                                                           Commissioners’ approval are disclosed in this Annual
                                                                                           Report.

             c.   Dengan memperhatikan rekomendasi Komite Nominasi            Diterapkan   Pengangkatan dan pemberhentian anggota Direksi dan
                  dan Remunerasi, Dewan Komisaris mengusulkan                  Applied     Dewan Komisaris ditetapkan melalui RUPS berdasarkan
                  kepada, dan untuk diputuskan oleh, RUPS pengangkatan                     rekomendasi rapat Dewan Komisaris yang membahas
                  dan/atau pemberhentian anggota Direksi dan anggota                       nominasi, dengan tetap memperhatikan prinsip
                  Dewan Komisaris. Dalam mengusulkan hal di atas,                          keberagaman, non-diskriminasi, dan kesempatan yang
                  Dewan Komisaris memperhatikan keberagaman, unsur                         setara tanpa membedakan suku, agama, ras, golongan,
                  non-diskriminatif, dan memberikan kesempatan yang                        atau gender. Proses ini dilakukan secara formal dan
                  sama tanpa membedakan suku, agama, ras, antar                            transparan. Perseroan baru membentuk kembali Komite
                  golongan dan jender. Dewan Komisaris memastikan                          Nominasi dan Remunerasi pada 1 Juli 2024, sehingga
                  proses pencalonan dan pemilihan anggota Direksi                          untuk pengangkatan Direksi dan Dewan Komisaris
                  dan anggota Dewan Komisaris adalah formal dan                            pada RUPS tanggal 25 April 2024, Komite Nominasi dan
                  transparan.                                                              Remunerasi belum terlibat dalam proses nominasi.
                  By considering the recommendations of Nomination                         The appointment and dismissal of members of
                  and Remuneration Committee, the Board of                                 the Board of Directors and the Board of Commissioners
                  Commissioners proposes to, and to be decided by the                      are established through the GMS based on
                  GMS, appointment and/or dismissal of members of                          recommendations of the Board of Commissioners’
                  the Board of Directors and members of the Board of                       meeting discussing nominations, while consider the
                  Commissioners. ln proposing the aforementioned, the                      principles of diversity, non-discrimination, and equal
                  Board of Commissioners will consider the diversity,                      opportunities regardless of ethnic, religion, race,
                  non-discriminative elements, and will give same                          class, or gender. This process is conducted formally
                  opportunity regardless of ethnic, religion, race, inter-                 and transparently. The Company just re-established
                  class, and gender. Board of Commissioners ensures                        Nomination and Remuneration Committee on
                  the nomination and election processes of members of                      July 1, 2024, so, for the appointment of the Board of
                  the Board of Directors and members of the Board of                       Directors and the Board of Commissioners at the
                  Commissioners are formal and transparent.                                GMS on April 25, 2024, Nomination and Remuneration
                                                                                           Committee was not involved in the nomination process.

             d.   Dewan Komisaris atau Komite yang menjalankan fungsi         Diterapkan   Perseroan telah memiliki kebijakan suksesi yang telah
                  nominasi menyusun kebijakan suksesi dalam proses             Applied     diungkapkan secara lengkap pada bagian Kebijakan
                  nominasi anggota Direksi. Setiap tahun Dewan Komisaris                   Suksesi Direksi dalam Laporan Tahunan ini.
                  meninjau pelaporan pelaksanaan rencana pengembangan                      The Company has succession policy fully disclosed in
                  dan suksesi yang disampaikan Direktur Utama.                             the Succession Policy of the Board of Directors in this
                  The Board of Commissioners or Committee running the                      Annual Report.
                  nomination function will compose the succession policy
                  in the nomination process of members of the Board
                  of Directors. Every year, the Board of Commissioners
                  reviews implementation reporting on development and
                  succession plans to be delivered to President Director.

             e.   Dewan Komisaris:                                            Diterapkan   Remunerasi Direksi dan Dewan Komisaris diusulkan
                  • Mengajukan kepada RUPS, yang dapat didahului               Applied     oleh Dewan Komisaris kepada RUPS berdasarkan
                     oleh usulan dari Komite yang menjalankan fungsi                       rekomendasi Komite Nominasi dan Remunerasi,
                     remunerasi, besaran remunerasi anggota Direksi                        sesuai dengan Anggaran Dasar dan Peraturan
                     dan anggota Dewan Komisaris yang selaras dengan                       Otoritas Jasa Keuangan No. 34/POJK.04/2014
                     pengembangan korporasi yang berkelanjutan                             tentang Komite Nominasi dan Remunerasi Emiten
                     dan kepentingan jangka panjang korporasi dan                          atau Perusahaan Publik. Penetapan remunerasi
                     Pemegang Saham; serta                                                 mempertimbangkan kondisi keuangan Perseroan,
                  • Secara berkala mereviu sistem remunerasi Direksi                       praktik industri sejenis, serta kesesuaian antara
                     dan Dewan Komisaris.                                                  tanggung jawab, pengalaman, dan hasil penilaian
                  The Board of Commissioners:                                              kinerja. Dewan Komisaris secara berkala melakukan
                  • Proposes to the GMS, which can be preceded by                          reviu atas sistem remunerasi agar selaras dengan
                      the suggestion from the Committee carrying out                       kepentingan jangka panjang dan keberlanjutan
                      remuneration function, the remuneration amount                       perusahaan. Uraian lengkap terkait remunerasi
                      for members of the Board of Directors and Board                      diungkapkan dalam bagian Transparansi Informasi
                      of Commissioners, in line with the corporate’s                       mengenai Dewan Komisaris dan Direksi di Laporan
                      sustainable development and long-term interests                      Tahunan ini.
                      of the corporation and the shareholders; and




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                        Prinsip/Rekomendasi                                  Keterangan               Penerapan di Perseroan
                    Principles/Recommendations                               Description           Implementation in the Company

                •     Periodically reviews the remuneration system of                      Remuneration of the Board of Directors and Board
                      Board of Directors and Board of Commissioners.                       of Commissioners is proposed by the Board of
                                                                                           Commissioners to the GMS based on Nomination
                                                                                           and Remuneration Committee’s recommendation,
                                                                                           in line with Articles of Association and Financial
                                                                                           Services Authority Regulation No. 34/POJK.04/2014 on
                                                                                           Nomination and Remuneration Committees of Issuers
                                                                                           or Public Companies. The remuneration determination
                                                                                           considers the Company’s financial condition, similar
                                                                                           industry practices, and alignment of responsibilities,
                                                                                           experience, and performance evaluation results.
                                                                                           Board of Commissioners periodically reviews
                                                                                           the remuneration system to ensure it aligns with
                                                                                           company’s long-term interests and sustainability.
                                                                                           Detailed description of the remuneration is disclosed
                                                                                           in the Information Transparency section on Board of
                                                                                           Commissioners and Board of Directors in this Annual
                                                                                           Report.

           f.   Dewan Komisaris mengawasi efektivitas kebijakan               Diterapkan   Dewan Komisaris, dengan dukungan komite-komite
                governansi korporat dan implementasinya serta                  Applied     di bawahnya, secara aktif mengawasi efektivitas
                mengusulkan perubahan jika diperlukan.                                     penerapan tata kelola dan mengusulkan perubahan
                The Board of Commissioners supervises the                                  kebijakan jika diperlukan. Dewan Komisaris juga
                effectiveness of corporate governance policy and                           memantau dan mengarahkan agar manajemen risiko
                implementation as well as proposes changes, if                             dan sistem pengendalian internal berjalan selaras
                necessary.                                                                 dengan tujuan dan strategi Perseroan serta mematuhi
                                                                                           peraturan yang berlaku. Selain itu, Dewan Komisaris
           g.   Dewan Komisaris memantau dan mengarahkan agar                              menjaga integritas akuntansi dan pelaporan keuangan,
                korporasi menerapkan manajemen risiko dan sistem                           serta memastikan independensi Unit Audit Internal
                pengendalian internal yang tepat dan efektif yang                          dan auditor eksternal untuk mendukung transparansi
                selaras dengan tujuan, sasaran, dan strategi korporasi                     dan kredibilitas Laporan Keuangan.
                serta mematuhi peraturan perundang-undangan, kode                          The Board of Commissioners, supported by
                perilaku, dan standar yang berlaku.                                        committees it supervise, actively monitor effectiveness
                The Board of Commissioners monitors and directs                            of governance implementation and proposes policy
                the corporation to apply appropriate and effective risk                    changes if necessary. The Board of Commissioners
                management and internal control system in line with                        also monitors and ensures risk management and
                corporate’s objectives, targets, and strategies as well as                 internal control system are aligned with Company’s
                complies with applicable laws and regulations, code of                     objectives and strategy, as well as comply with
                conduct, and standards.                                                    applicable regulations. Also, Board of Commissioners
                                                                                           maintains the integrity of accounting and financial
           h.   Dewan Komisaris mengawasi dan mengarahkan agar                             reporting, as well as ensuring the independence of
                tercapai integritas akuntansi dan sistem pelaporan                         Internal Audit Unit and external auditors to support
                keuangan korporat, serta independensi fungsi audit                         the transparency and credibility of the Financial
                internal dan eksternal.                                                    Statements.
                The Board of Commissioners supervises and directs to
                achieve corporate’s accounting integrity and financial
                reporting system, as well as independence of internal
                and external audit function.

           i.   Dewan Komisaris memantau, mereviu, dan menyetujui             Diterapkan   Dewan Komisaris memantau, mereviu, dan menyetujui
                Laporan Tahunan dan Laporan Keberlanjutan Korporasi            Applied     penyusunan Laporan Tahunan dan Laporan
                serta memastikan integritasnya, serta mengawasi                            Keberlanjutan, serta memastikan integritas laporan
                proses pengungkapan dan pengkomunikasian korporasi.                        tersebut. Dewan Komisaris juga mengawasi proses
                The Board of Commissioners monitors, reviews, and                          pengungkapan dan komunikasi informasi kepada
                approves Corporate’s Annual Report and Sustainability                      pemangku kepentingan untuk menjaga transparansi
                Report as well as ensures its integrity and supervises                     dan akurasi, sesuai dengan ketentuan yang berlaku.
                the corporate’s disclosure and communication process.                      The Board of Commissioners monitors, reviews,
                                                                                           and approves the preparation of Annual Report and
                                                                                           Sustainability Report, as well as ensures the integrity
                                                                                           of these reports. The Board of Commissioners also
                                                                                           monitors the process of disclosure and communication
                                                                                           of information to stakeholders to maintain its
                                                                                           transparency and accuracy, in line with applicable
                                                                                           regulations.




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                         Prinsip/Rekomendasi                                 Keterangan               Penerapan di Perseroan
                     Principles/Recommendations                              Description           Implementation in the Company

             j.   Piagam Dewan Komisaris secara periodik ditinjau.            Diterapkan   Piagam Dewan Komisaris disahkan pada 10 April 2019
                  The Board of Commissioners’ Charter is reviewed              Applied     dan digunakan sebagai pedoman dalam menjalankan
                  periodically.                                                            tugas dan tanggung jawabnya. Piagam ini ditinjau
                                                                                           secara berkala untuk memastikan kesesuaiannya
                                                                                           dengan perkembangan perusahaan dan peraturan
                                                                                           yang berlaku.
                                                                                           The Board of Commissioners’ Charter was ratified
                                                                                           in April 10, 2019 and used as a guideline in carrying
                                                                                           out its duties and responsibilities. This Charter is
                                                                                           periodically reviewed to ensure it is up to date with
                                                                                           the development of the company and applicable
                                                                                           regulations.

             k.   Dewan Komisaris mempunyai kebijakan terkait                 Diterapkan   Kebijakan yang mengatur pengunduran diri Dewan
                  pengunduran diri anggota Dewan Komisaris apabila             Applied     Komisaris termasuk dalam apabila terlibat dalam
                  terlibat dalam kejahatan keuangan dan terbukti                           kejahatan keuangan, telah diatur dalam Anggaran
                  melakukan kesalahan.                                                     Dasar Perseroan.
                  Board of Commissioners has a policy related to the                       The policy governing the resignation of Board of
                  resignation of member of Board of Commissioners if                       Commissioners, including if involved in financial
                  involved in financial crime and proven guilty.                           crime, has been regulated in the Company’s Articles
                                                                                           of Association.

             l.   Komisaris Independen sangat diharapkan untuk dapat          Diterapkan   Komisaris Independen telah menunjukkan kontribusi
                  berkontribusi dalam diskusi yang jujur, obyektif, aktif,     Applied     aktif dan konstruktif dalam rapat internal serta
                  dan konstruktif pada rapat Dewan Komisaris.                              rapat gabungan dengan Direksi, dengan tingkat
                  The Independent Commissioner is highly expected to                       kehadiran mencapai 100%. Hasil penilaian kinerja
                  contribute in fair, objective, active, and constructive                  juga mencerminkan kualitas diskusi yang obyektif dan
                  discussions during the meeting of the Board of                           berorientasi pada kemajuan Perseroan.
                  Commissioners.                                                           The Independent Commissioners have shown active and
                                                                                           constructive contributions both in internal meetings
                                                                                           and joint meetings with the Board of Directors, with
                                                                                           100% attendance rate. The performance evaluation
                                                                                           results also reflect the quality of discussions that are
                                                                                           objective and focused on the Company’s progress.

             m.   Komisaris Utama berperan sebagai koordinator Dewan          Diterapkan   Komisaris Utama berperan sebagai koordinator
                  Komisaris dan memastikan efektivitasnya. Komisaris           Applied     Dewan Komisaris, memastikan efektivitas rapat dan
                  Utama mendorong budaya keterbukaan dan dialog                            mendorong keterbukaan serta dialog konstruktif.
                  konstruktif yang memungkinkan berbagai pandangan                         Komisaris Utama juga mengatur agenda rapat dan
                  diungkapkan, termasuk mengoordinasi penetapan                            memastikan adanya pertemuan berkala dengan
                  agenda rapat dewan yang tepat dan memastikan waktu                       Direksi dan Manajemen Senior.
                  yang cukup tersedia untuk mendiskusikan semua                            The President Commissioner plays a role as
                  agenda. Selain itu, juga harus ada kesempatan bagi                       Board of Commissioners’ coordinator, ensuring
                  Dewan Komisaris untuk bertemu dengan jajaran Direksi                     meeting effectiveness and promoting openness and
                  dan Manajemen Senior.                                                    constructive dialogue. The President Commissioner
                  The President Commissioner plays a role as Board                         also arranges the meeting agenda and ensures
                  of Commissioners’ coordinator and ensures its                            regular meetings with Board of Directors and Senior
                  effectiveness. The President Commissioner encourages                     Management.
                  the openness culture and constructive dialogue,
                  allowing disclosure of various perspectives, including
                  coordinating the stipulation of appropriate board’s
                  meeting agenda, and ensuring sufficient time is
                  available to discuss all agenda. There should also be an
                  opportunity for Board of Commissioners to meet with
                  Board of Directors and senior management.

        4.   Pembentukan Komite
             Committee Establishment

             a.   Korporasi memiliki komite-komite di bawah Dewan             Diterapkan   Pelaksanaan tugas dan tanggung jawab Dewan
                  Komisaris sekurang-kurangnya terdiri dari: Komite            Applied     Komisaris didukung oleh Komite Audit serta Komite
                  Audit, Komite Nominasi dan Remunerasi, dan Komite                        Nominasi dan Remunerasi.
                  Pemantau Manajemen Risiko.                                               The implementation of duties and responsibilities
                  The Corporation has committees under the Board                           of the Board of Commissioners is supported by the
                  of Commissioners, at least consisting of: the Audit                      Audit Committee and Nomination and Remuneration
                  Committee, Nomination and Remuneration Committee,                        Committee.
                  and Risk Management Monitoring Committee.




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                     Prinsip/Rekomendasi                                        Keterangan               Penerapan di Perseroan
                 Principles/Recommendations                                     Description           Implementation in the Company

           b.   Dewan Komisaris memastikan bahwa anggota Komite                  Diterapkan   Komposisi anggota Komite Audit terdiri dari Komisaris
                Audit seluruhnya independen dan komite lain yang                  Applied     Independen dan Pihak Independen. Uraian lengkap
                dibentuk Dewan Komisaris adalah mayoritas dari pihak                          terkait Komite Audit telah diungkapkan pada bagian
                independen, serta semua anggota komite memiliki                               Komite Audit dalam Laporan Tahunan ini.
                kompetensi, berkomitmen, serta memiliki wewenang                              The composition of members of the Audit Committee
                yang memadai untuk menjalankan perannya secara                                consists of Independent Commissioners and
                efektif dan independen.                                                       Independent Parties. A detailed description of
                The Board of Commissioners ensures that Audit                                 the Audit Committee is disclosed in the Audit
                Committee members are all independent and other                               Committee section in this Annual Report.
                committees established by Board of Commissioners are
                majority from independent parties, and all committee
                members are competent, committed, as well as have
                the sufficient authority to carry out their roles effectively
                and independently.

           c.   Untuk memastikan pemantauan atas pelaksanaan                     Diterapkan   Pihak yang diangkat sebagai Ketua Komite Audit
                tugas Komite Audit berjalan obyektif dan independen,              Applied     merupakan Komisaris Independen.
                Komisaris Utama tidak boleh menjadi ketua Komite                              Party appointed as Chairman of the Audit Committee is
                Audit, kecuali dalam keadaan luar biasa yang harus                            the Independent Commissioner.
                dijelaskan dalam Laporan Tahunan.
                To ensure monitoring over the implementation of the
                duties of the Audit Committee runs objectively and
                independently, the President Commissioner is not
                allowed as Chairman of Audit Committee, unless in
                extraordinary condition which must be explained in the
                Annual Report.

      5.   Penilaian Kinerja - Dewan Komisaris dan Anggotanya
           Performance Assessment – Board of Commissioners and its Members

           a.   Dewan Komisaris mempunyai kebijakan penilaian sendiri            Diterapkan   Penilaian kinerja Dewan Komisaris dilaksanakan
                (self-assessment) untuk menilai kinerja Dewan Komisaris.          Applied     secara mandiri (self-assessment). Hasil penilaian ini
                Board of Commissioners has self-assessment policy to                          diungkapkan dalam Laporan Tahunan pada bagian
                assess performance of Board of Commissioners.                                 Penilaian Kinerja Dewan Komisaris.
                                                                                              Performance     assessment      of   Board   of
                                                                                              Commissioners is done through self-assessment.
           b.   Kebijakan penilaian sendiri (self-assessment) untuk                           Results of this assessment is disclosed in
                menilai kinerja Dewan Komisaris, diungkapkan melalui                          the Annual Report on the Performance Assessment
                Laporan Tahunan perusahaan terbuka.                                           of Board of Commissioners section.
                Self-assessment policy to assess the performance of
                Board of Commissioners is disclosed in Annual Report
                of public company.

           c.   Dewan Komisaris melakukan evaluasi formal tahunan
                secara obyektif untuk menentukan efektivitas Dewan,
                komitenya, dan setiap individu Komisaris.
                The Board of Commissioners performs annual formal
                evaluation objectively and independently to assess the
                effectiveness of the Board, its committees and each
                individual Commissioner.

      6.   Benturan Kepentingan
           Conflict of Interest

           a.   Anggota Direksi yang mempunyai rangkap jabatan di                Diterapkan   Perseroan mematuhi peraturan perundang-undangan
                luar korporasi, harus mendapatkan persetujuan dari                Applied     terkait rangkap jabatan Dewan Direksi. Setiap
                Dewan Komisaris. Seorang Komisaris memberi tahu                               anggota Direksi yang akan merangkap jabatan di luar
                Dewan Komisaris dan ketua komite yang menjalankan                             Perseroan wajib memperoleh persetujuan dari Dewan
                fungsi nominasi, sebelum menerima penunjukan                                  Komisaris dan melaporkan kepada Komite Nominasi
                baru sebagai Direktur atau Komisaris dari korporasi                           dan Remunerasi sebelum menerima jabatan tersebut.
                terbuka, jabatan Direktur lainnya atau posisi lain dengan                     The Company complies with the regulations on
                komitmen waktu yang signifikan.                                               concurrent positions held by the Board of Directors.
                Member of the Board of Directors holding concurrent                           Any member of the Board of Directors who intends to
                positions outside the corporation must obtain approval                        hold a concurrent position outside the Company must
                from Board of Commissioners. A Commissioner notifies                          obtain approval from Board of Commissioners and
                the Board of Commissioners and chairman of the                                report to Nomination and Remuneration Committee
                committee running nomination function, before accepting                       before accepting the position.
                new appointment as the Director or Commissioner of a
                public corporation, other Director position or other position
                with significant time commitment.




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                         Prinsip/Rekomendasi                                     Keterangan               Penerapan di Perseroan
                     Principles/Recommendations                                  Description           Implementation in the Company

             b.   Dewan Komisaris memantau dan mengelola potensi                  Diterapkan   Dewan Komisaris memantau dan mengelola potensi
                  benturan kepentingan manajemen, anggota Direksi,                 Applied     benturan kepentingan yang melibatkan manajemen,
                  Dewan Komisaris dan Pemegang Saham, termasuk                                 anggota Direksi, Dewan Komisaris, dan Pemegang
                  penyalahgunaan aset korporasi dan penyalahgunaan                             Saham, termasuk penyalahgunaan aset korporasi dan
                  dalam transaksi pihak berelasi. Komisaris yang                               transaksi dengan pihak berelasi. Dalam hal terjadi
                  memiliki benturan kepentingan tidak turut serta dalam                        benturan kepentingan, anggota Dewan Komisaris yang
                  pemantauan dan pengambilan keputusan atas potensi                            terlibat dilarang mengambil keputusan yang dapat
                  benturan kepentingan yang melibatkan Komisaris atau                          merugikan Perseroan dan wajib mengungkapkan
                  afiliasi Komisaris yang bersangkutan.                                        benturan tersebut secara transparan. Komisaris yang
                  The Board of Commissioners monitors and manages the                          memiliki benturan kepentingan tidak akan turut serta
                  potential conflict of interest of management, members of                     dalam pengambilan keputusan terkait transaksi yang
                  the Board of Directors, the Board of Commissioners, and                      melibatkan dirinya atau afiliasinya.
                  shareholders, including abuse of corporate assets and                        The Board of Commissioners monitors and manages
                  abuse of affiliated party transactions. A Commissioner                       potential conflicts of interest involving management,
                  with conflict of interest will not participate in monitoring                 members of the Board of Directors, Board of
                  and decision making on the potential conflict of                             Commissioners, and Shareholders, including the
                  interest involving the said Commissioner or affiliated                       abuse of corporate assets and transactions with
                  Commissioner.                                                                related parties. If there is a conflict of interest, the
                                                                                               involved member of Board of Commissioners is
                                                                                               prohibited from making decisions that may harm
                                                                                               the Company and is required to disclose the conflict
                                                                                               transparently. Commissioners with conflict of interest
                                                                                               will not participate in decision-making related to
                                                                                               transactions involving themselves or their affiliates.

        7.   Peningkatan Kompetensi Anggota Direksi dan Dewan Komisaris
             Improvement of Competence of Members of the Board of Directors and Board of Commissioners

             a.   Dewan Komisaris memastikan bahwa anggota Direksi dan            Diterapkan   Dalam menentukan kandidat calon Direktur, Dewan
                  Dewan Komisaris memahami peran dan tanggung jawab                Applied     Komisaris mempertimbangkan berbagai sumber,
                  mereka, karakteristik dan operasi korporasi, peraturan                       termasuk rekomendasi internal dan eksternal.
                  perundang-undangan dan standar yang relevan serta                            Perseroan membuka peluang untuk menggunakan
                  kewajiban lain yang berlaku. Direksi melalui sekretaris                      sumber independen dalam proses seleksi, guna
                  korporasi mendukung semua anggota Direksi dan                                memastikan bahwa kandidat yang terpilih memiliki
                  Dewan Komisaris dalam memperbarui dan menyegarkan                            kualifikasi dan kompetensi sesuai kebutuhan
                  keterampilan dan pengetahuan mereka yang diperlukan                          perusahaan. Selain itu, program pengenalan
                  untuk menjalankan peran mereka di Dewan.                                     perusahaan dan pengembangan kompetensi terus
                  The Board of Commissioners ensures members of                                dilaksanakan untuk memastikan setiap anggota
                  the Board of Directors and Board of Commissioners                            Direksi dan Dewan Komisaris yang baru menjabat
                  understand their roles and responsibilities, corporate                       memahami tanggung jawab dan budaya perusahaan.
                  characteristics and operations, relevant laws and                            To determine candidates of Director, Board of
                  regulations and standards as well as other prevailing                        Commissioners considers various sources, including
                  obligations. The Board of Directors via Corporate                            internal and external recommendations. The Company
                  Secretary supports all members of the Board of                               provides opportunities to use independent sources in
                  Directors and Board of Commissioners to upgrade and                          the selection process to ensure the chosen candidates
                  refresh their required skills and knowledges to carry out                    have the qualifications and competencies meeting
                  their roles in the Board.                                                    company’s needs. Further, an induction program and
                                                                                               competency development initiatives are constantly
                                                                                               carried out to ensure every newly appointed member
                                                                                               of the Board of Directors and Board of Commissioners
                                                                                               understands the company’s responsibilities and
                                                                                               culture.

  II.   Komposisi dan Remunerasi Direksi dan Dewan Komisaris
        Composition and Remuneration of the Board of Directors and Board of Commissioners

        1.   Komposisi Direksi dan Dewan Komisaris
             Composition of the Board of Directors and Board of Commissioners

             a.   Dalam menentukan kandidat calon Direktur, Dewan                 Diterapkan   Pengangkatan dan pemberhentian anggota Dewan
                  Komisaris melalui Komite Nominasi dan Remunerasi,                Applied     Komisaris diputuskan melalui RUPS. Setelah 1 Juli
                  tidak hanya mengandalkan rekomendasi dari Dewan                              2024, proses ini melibatkan rekomendasi dari Komite
                  Komisaris, manajemen atau Pemegang Saham                                     Nominasi dan Remunerasi. Dalam mencari kandidat
                  mayoritas. Dewan Komisaris, melalui Komite                                   Direktur, Dewan Komisaris bersama Komite Nominasi
                  Nominasi dan Remunerasi, dapat menggunakan                                   dan Remunerasi dapat menggunakan sumber internal
                  sumber independen untuk menentukan kandidat yang                             maupun independen untuk memastikan kandidat
                  memenuhi syarat.                                                             memiliki kualifikasi yang sesuai.




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                     Prinsip/Rekomendasi                                      Keterangan               Penerapan di Perseroan
                 Principles/Recommendations                                   Description           Implementation in the Company

                ln determining the candidate for Director, the Board                        Appointment and dismissal of Board of Commissioners
                of Commissioners via Nomination and Remuneration                            members is decided through GMS. After July 1,
                Committee will not only rely on the recommendation                          2024, this process involved recommendation from
                from the Board of Commissioners, management or                              Nomination and Remuneration Committee. In seeking
                majority shareholders. The Board of Commissioners                           candidate for Director, the Board of Commissioners
                via Nomination and Remuneration Committee may use                           together with Nomination and Remuneration
                independent sources to determine a qualified candidate.                     Committee, may utilize both internal and independent
                                                                                            sources to ensure the candidate has appropriate
                                                                                            qualifications.

           b.   Dewan Komisaris memastikan bahwa kriteria dalam                Diterapkan   Dalam proses seleksi dan pengangkatan anggota
                menyeleksi anggota Direksi mencakup paling tidak                Applied     Dewan Komisaris dan Direksi, Perseroan memastikan
                pengetahuan, kemampuan, dan keahlian yang dibutuhkan                        bahwa kriteria penilaian meliputi pengetahuan,
                untuk memenuhi secara tepat peran Direksi serta                             kemampuan, dan keahlian yang relevan dengan
                memperhatikan terpenuhinya keberagaman Direksi.                             peran yang akan diemban. Selain itu, proses tersebut
                The Board of Commissioners ensures the criteria in                          memperhatikan keberagaman, non-diskriminasi,
                selecting members of the Board of Directors include at                      dan memberikan kesempatan yang setara, tanpa
                least knowledge, capability, and expertise required to                      membedakan suku, agama, ras, golongan, dan gender.
                appropriately fulfill the roles of Board of Directors while                 In the selection and appointment process of members
                considering the fulfillment of diversity of the Board of                    of Board of Commissioners and Board of Directors,
                Directors.                                                                  the Company ensures the assessment criteria include
                                                                                            knowledge, abilities, and expertise relevant to the role
                                                                                            to be held. Also, the process considers the diversity,
                                                                                            non-discrimination, and provides equal opportunities,
                                                                                            without distinguishing between ethnic, religion, race,
                                                                                            class, and gender.

           c.   Anggota Direksi yang membawahi bidang akuntansi                Diterapkan   Perseroan memiliki anggota Direksi yang bertugas
                atau keuangan memiliki keahlian dan/atau pengetahuan            Applied     dalam bidang keuangan, akuntansi, dan perpajakan
                di bidang akuntansi.                                                        serta memiliki latar pendidikan dan pengalaman di
                Member of Board of Directors who is liable for accounting                   bidang tersebut.
                or finance has accounting expertise and/ or knowledge                       The Company has member of the Board of Directors
                                                                                            working in the finance, accounting, and taxation, as
                                                                                            well as having the education and experience in those
                                                                                            field.

           d.   Kebijakan korporasi tentang keberagaman pada Direksi           Diterapkan   Kebijakan keberagaman komposisi Dewan Komisaris
                dan Dewan Komisaris diungkapkan dalam Laporan                   Applied     dan Direksi telah disampaikan pada bagian
                Tahunan.                                                                    Keberagaman Komposisi Dewan Komisaris dan
                Corporate policy regarding diversity in the Board of                        Direksi dalam pembahasan Transparansi informasi
                Directors and Board of Commissioner is disclosed in the                     mengenai Dewan Komisaris dan Direksi di Laporan
                Annual Report.                                                              Tahunan ini.
                                                                                            The diversity policy of composition of Board of
                                                                                            Commissioners and Board of Directors has been
                                                                                            presented in the Diversity in Composition of Board
                                                                                            of Commissioners and Board of Directors section in
                                                                                            the discussion of information Transparency regarding
                                                                                            Board of Commissioners and Board of Directors in this
                                                                                            Annual Report.

           e.   Dewan Komisaris memastikan bahwa kebijakan dan                 Diterapkan   Dewan Komisaris memastikan bahwa kebijakan dan
                prosedur untuk seleksi dan nominasi Komisaris adalah            Applied     prosedur seleksi serta nominasi anggota Dewan Komisaris
                jelas dan transparan sehingga dapat menghasilkan                            dan Direksi disusun secara jelas dan transparan untuk
                komposisi Dewan yang diinginkan. Dewan Komisaris                            menghasilkan komposisi yang sesuai dengan kebutuhan
                menggunakan sumber independen untuk menentukan                              Perseroan. Jika diperlukan, Dewan Komisaris dapat
                kandidat yang memenuhi syarat.                                              menggunakan sumber independen dalam menentukan
                The Board of Commissioners ensures the policy                               kandidat yang memenuhi syarat. Uraian lengkap terkait
                and procedure for selection and nomination of the                           Kebijakan dan prosedur untuk seleksi dan nominasi pada
                Commissioners are clear and transparent, thereby,                           bagian Kebijakan Suksesi Direksi dan Kebijakan dan
                can result in desired Board composition. The Board of                       Prosedur Nominasi dalam Laporan Tahunan ini.
                Commissioners uses independent sources to determine                         The Board of Commissioners ensures policies and
                the qualified candidates.                                                   procedures for the selection and nomination of members
                                                                                            of the Board of Commissioners and Board of Directors
                                                                                            are prepared clearly and transparently to produce a
                                                                                            composition in line with Company needs. If necessary,
                                                                                            the Board of Commissioners may use independent
                                                                                            sources to determine qualified candidates. A complete
                                                                                            description of Policies and procedures for selection
                                                                                            and nomination is available in the Board of Directors
                                                                                            Succession Policy and Nomination Policy and Procedures
                                                                                            section of this Annual Report.




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                         Prinsip/Rekomendasi                                 Keterangan               Penerapan di Perseroan
                     Principles/Recommendations                              Description           Implementation in the Company

             f.   Dewan Komisaris/Komite yang menjalankan fungsi              Diterapkan   Saat ini, Perseroan telah memiliki Komite Nominasi
                  nominasi menetapkan prosedur dan kriteria nominasi           Applied     dan Remunerasi, sehingga komite tersebut yang
                  yang konsisten dengan matriks keahlian Dewan                             memberikan rekomendasi kepada Dewan Komisaris
                  Komisaris yang telah disetujui Dewan Komisaris                           untuk menentukan kebijakan terkait nominasi dan
                  dan memastikan bahwa profil kandidat memenuhi                            remunerasi.
                  persyaratan yang ditetapkan dalam matriks keahlian                       Currently, the Company has Nomination and
                  dan kriteria nominasi.                                                   Remuneration Committee, so the committee provides
                  The Board of Commissioners/Committee running the                         recommendation to the Board of Commissioners to set
                  nomination function set out nomination procedure and                     out policies related to nomination and remuneration.
                  criteria consistent with the expertise matrix of Board
                  of Commissioners which has been approved by Board
                  of Commissioners and ensures the candidate profile
                  meet the requirements set out in expertise matrix and
                  nomination criteria.

             g.   Komposisi Dewan Komisaris harus dibentuk sedemikian         Diterapkan   Perseroan memastikan komposisi Dewan Komisaris
                  rupa sehingga anggota-anggotanya secara kelompok             Applied     dan Direksi beragam dalam hal keahlian, pengalaman,
                  mencerminkan keberagaman dalam hal kemampuan,                            dan latar belakang untuk mendukung kinerja yang
                  keahlian, pengetahuan, pengalaman, usia, latar                           efektif. Uraian lengkap mengenai keberagaman
                  belakang budaya, dan gender yang dibutuhkan untuk                        ini telah disampaikan dalam bagian Keberagaman
                  memenuhi secara tepat peran Dewan Komisaris.                             Komposisi Dewan Komisaris dan Direksi di Laporan
                  The composition of Board of Commissioner must                            Tahunan.
                  be formed in such a manner, to allows its members                        The Company ensures composition of Board of
                  collegially reflect diversity of capability, expertise,                  Commissioners and Board of Directors is diverse in
                  knowledge, age, cultural background, and gender                          expertise, experience, and background to support
                  required to appropriately meet the roles of the Board of                 effective performance. A complete description of
                  Commissioners.                                                           this diversity has been presented in the Diversity in
                                                                                           Composition of Board of Commissioners and Board of
                                                                                           Directors section in the Annual Report.

             h.   Untuk memampukan Dewan Komisaris dalam                      Diterapkan   Perseroan memiliki 1 Komisaris Independen yang
                  memberikan advis dan supervisi secara independen             Applied     mewakili 33,33% dari total anggota Dewan Komisaris.
                  kepada Direksi dan untuk peran-peran yang terdapat                       Komisaris     Independen    bertugas   memberikan
                  potensi benturan kepentingan, Dewan Komisaris terdiri                    supervisi dan advis secara mandiri kepada
                  dari Komisaris Independen yang cukup jumlahnya,                          Direksi, terutama dalam situasi yang berpotensi
                  dengan masa jabatan yang dibatasi dan terdapat                           menimbulkan benturan kepentingan. Masa jabatan
                  pengungkapan jangka waktu keanggotaan Dewan                              Komisaris Independen diatur sesuai ketentuan,
                  Komisaris serta independensi mereka dari sudut                           dan independensinya diungkapkan secara berkala
                  pandang korporasi.                                                       dalam Laporan Tahunan, termasuk jangka waktu
                  To enable the Board of Commissioners to give advice                      keanggotaan serta keterbukaan mengenai potensi
                  and independently supervising the Board of Directors                     afiliasi dengan Pemegang Saham Utama.
                  and for roles containing potential conflict of interest,                 The Company has 1 Independent Commissioner
                  the Board of Commissioners consists of Independent                       representing 33.33% of total members of Board of
                  Commissioners in sufficient number, with limited term                    Commissioners. The Independent Commissioner is
                  of office, and a disclosure on membership term of Board                  tasked to provide independent supervision and advice
                  of Commissioners and their independence from the                         to Board of Directors, especially in situations with
                  corporate perspective.                                                   potential to cause a conflict of interest. The term of
                                                                                           office of Independent Commissioner is regulated
                                                                                           in line with the provisions, and its independence is
                                                                                           disclosed periodically in the Annual Report, including
                                                                                           the membership term and transparency on potential
                                                                                           affiliation with Major Shareholder.

             i.   Untuk memfasilitasi fungsi Direksi dan Dewan                Diterapkan   Komite Nominasi dan Remunerasi memastikan bahwa
                  Komisaris yang efektif dan guna meningkatkan                 Applied     proses penunjukan dan pengangkatan anggota Dewan
                  kepercayaan investor dan pemangku kepentingan,                           Komisaris dan Direksi dilakukan secara formal, ketat,
                  Komite Nominasi dan Remunerasi memastikan bahwa                          dan transparan, guna meningkatkan kepercayaan
                  terdapat proses yang formal, ketat, dan transparan                       investor dan pemangku kepentingan terhadap tata
                  untuk penunjukan dan pengangkatan anggota Direksi                        kelola perusahaan.
                  dan Dewan Komisaris.                                                     The Nomination and Remuneration Committee
                  To facilitate the functions of Board of Directors and                    ensures the process of designating and appointing
                  Board of Commissioners effectively and to improve                        members of the Board of Commissioners and Board
                  trust of the investors and stakeholders, Nomination and                  of Directors is conducted formally, strictly and
                  Remuneration Committee ensures there is a formal,                        transparently, to increase investor and stakeholder
                  strict, and transparent process for the designation and                  confidence in corporate governance.
                  appointment of members of the Board of Directors and
                  Board of Commissioners.




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                     Prinsip/Rekomendasi                                  Keterangan               Penerapan di Perseroan
                 Principles/Recommendations                               Description           Implementation in the Company

      2.   Remunerasi Direksi dan Dewan Komisaris
           Remuneration of the Board of Directors and Board of Commissioners

           a.   Kebijakan remunerasi anggota Direksi terdiri               Diterapkan   Remunerasi anggota Direksi dan Dewan Komisaris
                atas struktur remunerasi yang berorientasi pada             Applied     diusulkan     oleh    Dewan    Komisaris      dengan
                pengembangan korporasi yang berkelanjutan dan                           mempertimbangkan rekomendasi Komite Nominasi
                mendorong pencapaian tujuan jangka panjang.                             dan Remunerasi, kemudian diputuskan melalui
                Remunerasi Direksi harus diusulkan, dapat dengan                        RUPS. Penetapan remunerasi mengacu pada
                melalui Komite Nominasi dan Remunerasi, oleh Dewan                      Anggaran Dasar Perseroan dan Peraturan Otoritas
                Komisaris untuk diputuskan oleh RUPS. Jumlah                            Jasa Keuangan No. 34/POJK.04/2014 tentang Komite
                remunerasi yang diusulkan kepada RUPS tersebut                          Nominasi dan Remunerasi. Proses ini memperhatikan
                ditetapkan dengan mempertimbangkan peran setiap                         faktor-faktor seperti kondisi keuangan Perseroan,
                anggota Direksi dan situasi ekonomi serta kinerja                       standar remunerasi industri sejenis, serta tugas,
                korporasi.                                                              tanggung jawab, pengalaman, dan hasil penilaian
                Remuneration policy for members of the Board of                         kinerja. Perseroan berkomitmen memastikan struktur
                Directors consists of remuneration structure oriented                   remunerasi mendorong pertumbuhan berkelanjutan
                to sustainable corporation development and drive                        dan pencapaian tujuan jangka panjang. Uraian lengkap
                the achievement of long-term objectives. The Board                      mengenai Kebijakan Remunerasi telah diungkapkan
                of Directors’ remuneration must be proposed, either                     dalam bagian Transparansi Informasi Mengenai
                via Nomination and Remuneration Committee, or                           Dewan Komisaris dab Direksi di Laporan Tahunan ini.
                Board of Commissioners to be decided at the GMS.                        The remuneration of members of Board of Directors
                The remuneration amount proposed to the GMS will                        and Board of Commissioners is proposed by
                be determined by considering the roles of every Board                   the Board of Commissioners by considering the
                of Directors member and the economic situation and                      recommendations of Nomination and Remuneration
                corporate’s performance.                                                Committee, before decided via GMS. The remuneration
                                                                                        determination refers to Company’s Articles of
           b.   Kebijakan remunerasi anggota Dewan Komisaris                            Association and Financial Services Authority
                terdiri atas struktur remunerasi yang berorientasi                      Regulation No. 34/POJK.04/2014 regarding Nomination
                pada pengembangan korporasi yang berkelanjutan dan                      and Remuneration Committee. This process considers
                mendorong pencapaian tujuan jangka panjang. Jumlah                      factors such as Company’s financial condition,
                remunerasi yang diusulkan Dewan Komisaris kepada                        similar industry remuneration standards, as well as
                RUPS tersebut ditetapkan dengan mempertimbangkan                        duties, responsibilities, experience, and performance
                peran setiap anggota Dewan Komisaris dan situasi                        assessment results. The Company is committed to
                ekonomi serta kinerja korporasi. Di samping itu juga                    ensure the remuneration structure drives sustainable
                harus dipertimbangkan posisinya sebagai Komisaris                       growth and achievement of long-term goals. A
                Utama dan ketua serta keanggotaannya dalam komite-                      complete description of the Remuneration Policy has
                komite.                                                                 been disclosed in the Transparency of Information of
                Remuneration policy for members of the Board of                         the Board of Commissioners and Board of Directors
                Commissioners consists of remuneration structure                        section in this Annual Report.
                oriented to sustainable corporation development
                and drive the achievement of long-term objectives.
                Remuneration amount proposed by Board of
                Commissioners to the GMS will be determined by
                considering the roles of every Board of Commissioners
                member and the economic situation and corporate’s
                performance. Other consideration is the position as a
                President Commissioner and chairman and membership
                in the committees.

           c.   Untuk memastikan bahwa paket remunerasi ditentukan
                berdasarkan prestasi, kualifikasi, dan kompetensi
                Direktur dan Komisaris dengan memperhatikan kinerja
                operasi korporasi, kinerja individu dan kondisi pasar,
                Komite Nominasi dan Remunerasi memastikan bahwa
                terdapat prosedur yang adil dan transparan untuk
                menetapkan kebijakan remunerasi anggota Direksi dan
                Dewan Komisaris.
                To ensure the remuneration package is set based on
                achievement, qualification, and competence of the Board
                of Directors and Board of Commissioners by considering
                performance of corporate operations, individual
                performance, and market condition, Nomination
                and Remuneration Committee ensures there is fair
                and transparent procedure to set out remuneration
                policy for members of Board of Directors and Board of
                Commissioners.




250                                                                                                                    Laporan Tahunan 2024
Page 253
                                                                                                                     Tata Kelola Perusahaan
                                                                                                                       Corporate Governance




                         Prinsip/Rekomendasi                                Keterangan                Penerapan di Perseroan
                     Principles/Recommendations                             Description            Implementation in the Company

  III.   Hubungan Kerja antara Direksi dan Dewan Komisaris
         Work Relationship between the Board of Directors and the Board of Commissioners

         1.   Sifat Hubungan Kerja
              Nature of the Work Relationship

              a.   Terdapat diskusi yang terbuka antara Direksi dengan       Diterapkan    Dewan Komisaris dan Direksi secara rutin
                   Dewan Komisaris serta di antara para anggota Direksi       Applied      mengadakan rapat gabungan yang memungkinkan
                   dan para anggota Dewan Komisaris. Namun, tetap                          diskusi terbuka dan transparan terkait strategi dan
                   penting menjaga kerahasiaan informasi agar tidak                        operasional perusahaan. Rapat ini memastikan
                   terjadi kebocoran informasi rahasia.                                    terjalinnya komunikasi yang efektif antara kedua
                   There is an open discussion between the Board of                        belah pihak. Risalah rapat disusun oleh Sekretaris
                   Directors and Board of Commissioners, also among                        Perusahaan, dengan tetap memperhatikan prinsip
                   members of the Board of Directors and members of                        kerahasiaan informasi untuk menghindari kebocoran
                   Board of Commissioners. However, it is important to                     data yang dapat merugikan Perseroan.
                   maintain confidentiality of information to prevent the                  The Board of Commissioners and Board of Directors
                   leaking of confidential information.                                    regularly hold joint meetings to allow open and
                                                                                           transparent      discussions     regarding     company’s
                                                                                           strategies and operations. These meetings ensure
                                                                                           effective communication between the two parties.
                                                                                           The minutes of meeting are prepared by the
                                                                                           Corporate Secretary, while observing the principle of
                                                                                           confidentiality of information to avoid data leakage that
                                                                                           could harm the Company.

              b.   Sesuai dengan tugas dan perannya masing-masing,           Diterapkan    Direksi, bersama Dewan Komisaris dan Manajemen,
                   Direksi bekerja sama dengan Dewan Komisaris dalam          Applied      merumuskan dan mengevaluasi strategi serta
                   merumuskan misi, visi, dan strategi korporasi dan                       kebijakan jangka pendek dan panjang setiap tahun,
                   secara reguler membahas pengimplementasiannya.                          memastikan keselarasan dengan visi dan misi
                   Following the respective duties and roles, Board of                     perusahaan. Evaluasi dilakukan secara reguler untuk
                   Directors collaborates with Board of Commissioners in                   memastikan implementasi berjalan efektif di seluruh
                   formulating mission, vision, and corporate strategies                   tingkatan organisasi.
                   and regularly discuss its implementations.                              The Board of Directors together with Board of
                                                                                           Commissioners and Management, formulates and
                                                                                           evaluates short-term and long-term strategies and
                                                                                           policies annually, ensuring alignment with company’s
                                                                                           vision and mission. Evaluations are done regularly to
                                                                                           ensure effective implementation at all organizational
                                                                                           levels.

              c.   Sekretaris Korporasi memiliki peran penting dalam         Diterapkan    Perseroan menunjuk Deni Agustinus Damayanto
                   mendukung efektivitas hubungan kerja antara Direksi        Applied      melalui Surat Keputusan Direksi No. 001/SSMS-
                   dengan Dewan Komisaris, mendorong implementasi                          JKT/I/2024 tanggal 2 Januari 2024 sebagai Sekretaris
                   praktik governansi korporat yang baik, termasuk                         Perusahaan. Dalam perannya, Sekretaris Perusahaan
                   komunikasi yang efektif dengan Pemegang Saham dan                       berperan penting dalam mendukung hubungan kerja
                   pemangku kepentingan lainnya.                                           yang efektif antara Direksi dan Dewan Komisaris,
                   Corporate Secretary plays an important role in                          memastikan implementasi praktik tata kelola
                   supporting effectiveness of work relationship of the                    perusahaan yang baik, serta memfasilitasi komunikasi
                   Board of Directors and Board of Commissioners,                          yang transparan dengan Pemegang Saham dan
                   in driving the implementation of good corporate                         pemangku kepentingan lainnya.
                   governance, including effective communication with the                  The Company appointed Deni Agustinus Damayanto
                   Shareholders and other stakeholders.                                    through Board of Directors Decree No. 001/SSMS-
                                                                                           JKT/I/2024 dated January 2, 2024 as Corporate
                                                                                           Secretary. The Corporate Secretary plays an important
                                                                                           role in supporting effective working relationship of
                                                                                           Board of Directors and Board of Commissioners,
                                                                                           ensuring the implementation of good corporate
                                                                                           governance practices, and facilitating transparent
                                                                                           communication with the Shareholders and other
                                                                                           stakeholders.




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                      Prinsip/Rekomendasi                                      Keterangan               Penerapan di Perseroan
                  Principles/Recommendations                                   Description           Implementation in the Company

       2.   Akses informasi Dewan Komisaris
            Access to information of the Board of Commissioners

            a.   Direksi bertanggung jawab untuk memastikan Dewan               Diterapkan   Dewan Komisaris berinteraksi dengan Direksi secara
                 Komisaris mendapatkan akses informasi yang akurat,              Applied     langsung atau melalui rapat gabungan. Direksi
                 relevan, dan tepat waktu. Dewan Komisaris sendiri                           bertanggung jawab memastikan Dewan Komisaris
                 memastikan bahwa ia memperoleh informasi yang                               memperoleh informasi yang akurat, relevan, dan
                 memadai. Direksi menyediakan informasi kepada                               tepat waktu mengenai seluruh aspek operasional
                 Dewan Komisaris secara teratur, tanpa penundaan,                            dan strategis perusahaan. Sekretaris Perusahaan
                 dan secara komprehensif tentang semua masalah yang                          mendukung Direksi dalam penyediaan informasi,
                 relevan dengan korporasi. Dewan Komisaris sewaktu-                          termasuk risalah rapat dan dokumen terkait.
                 waktu dapat meminta Direksi untuk memberikan                                Dewan Komisaris berhak sewaktu-waktu meminta
                 informasi tambahan.                                                         informasi tambahan kepada Direksi guna memastikan
                 The Board of Directors is responsible to ensure Board of                    pengawasan yang efektif.
                 Commissioners receives access to accurate, relevant and                     The Board of Commissioners interacts with Board
                 timely information. The Board of Commissioners itself                       of Directors directly or via joint meetings. The
                 ensures it receives sufficient information. The Board                       Board of Directors is responsible to ensure Board of
                 of Directors regularly provides information to Board of                     Commissioners receives accurate, relevant and timely
                 Commissioners, without delays, and comprehensively                          information on all operational and strategic aspects of
                 on all issues relevant to the corporation. At any time, the                 the company. The Corporate Secretary supports the
                 Board of Commissioners can request Board of Directors                       Board of Directors in providing information, including
                 to provide additional information.                                          meeting minutes and related documents. The Board
                                                                                             of Commissioners has the right to request additional
                                                                                             information from Board of Directors at any time to
                                                                                             ensure effective supervision.

       3.   Tanggung jawab Direksi dan Dewan Komisaris atas Dampak Struktur Kepemilikan
            Responsibilities of the Board of Directors and the Board of Commissioners on Impact of Ownership Structure

            a.   Dampak struktur kepemilikan terhadap korporasi.                Diterapkan   Dewan Komisaris dan Direksi wajib melaporkan
                 Direksi dan Dewan Komisaris mempertimbangkan                    Applied     kepemilikan dan perubahan saham di Perseroan.
                 tanggung jawabnya dalam konteks struktur kepemilikan                        Mereka juga memastikan struktur kepemilikan dan
                 saham dan hubungan antar-Pemegang Saham korporasi                           hubungan antar pemegang saham tidak memengaruhi
                 yang mungkin berdampak terhadap pengelolaan dan                             independensi dan pelaksanaan tugas mereka dalam
                 operasi korporasi.                                                          mengelola perusahaan.
                 Impact of ownership structure to the corporation.                           The Board of Commissioners and Board of Directors
                 The Board of Directors and Board of Commissioners                           are required to report ownership and changes in shares
                 consider their responsibilities in the context of share                     in the Company. They also ensure the ownership
                 ownership structure and relationship among corporation                      structure and relationships between shareholders not
                 Shareholders which might impacting the management                           affecting their independence and execution of their
                 and operations of the corporation.                                          duties in managing the company.

 IV.   Perilaku Etis dan Bertanggung jawab
       Ethical and Responsible Behaviors

       1.   Pedoman Etika dan Perilaku
            Ethical and Behavioral Guidelines

            a.   Pernyataan ini dituangkan dalam Pedoman Perilaku dan           Diterapkan   Kode Etik Perseroan mengatur prinsip-prinsip
                 Etika Usaha yang harus secara jelas mengungkapkan               Applied     dasar yang wajib dipatuhi oleh seluruh karyawan,
                 harapan korporasi bahwa setiap anggota Direksi dan                          Direksi, dan Dewan Komisaris. Prinsip ini mencakup
                 Dewan Komisaris serta karyawan akan:                                        kejujuran, integritas, kepatuhan terhadap hukum
                 • Bertindak untuk kepentingan terbaik korporasi;                            dan peraturan, serta larangan untuk terlibat dalam
                 • Bertindak dengan jujur dan dengan integritas                              benturan kepentingan dan penyalahgunaan jabatan.
                      berstandar tinggi;                                                     Perseroan menegaskan bahwa setiap individu harus
                 • Bersikap independen dan bertindak berdasarkan                             bertindak untuk kepentingan terbaik perusahaan,
                      informasi yang lengkap, dengan itikad baik, dengan                     menjaga transparansi, dan menghindari tindakan yang
                      uji tuntas dan kehati-hatian;                                          dapat merugikan atau mencoreng reputasi Perseroan.
                 • Mematuhi peraturan perundang-undangan yang                                Informasi terkait Kode Etik diungkapkan secara
                      berlaku bagi korporasi dan operasinya;                                 lengkap dalam Laporan Tahunan ini.
                 • Menghindari tindakan yang melanggar peraturan
                                                                                             The Company’s Code of Conduct regulated the basic
                      perundang-undangan atau tindakan yang tidak etis
                                                                                             principles that must be adhered to by all employees,
                      berdasarkan pedoman etika korporasi;
                                                                                             Board of Directors, and Board of Commissioners.
                 • Tidak terlibat atau berpartisipasi dalam kegiatan apa
                                                                                             These principles include honesty, integrity, compliance
                      pun yang akan menimbulkan benturan kepentingan
                                                                                             with the laws and regulations, and a prohibition to be
                      dengan kepentingan terbaik korporasi atau yang akan
                                                                                             involved in conflict of interest and abuse of position.
                      berdampak negatif terhadap reputasi korporasi;
                 • Tidak mengambil manfaat atas properti atau                                The Company affirms every individual must act in the
                      informasi yang dimiliki korporasi, kepemilikan aset                    best interests of the company, maintain transparency,
                      lainnya atau pelanggannya untuk kepentingan pribadi                    and avoid actions that may harm or tarnish the
                      atau yang menyebabkan kerugian bagi korporasi dan                      Company’s reputation. Information on Code of Conduct
                      pelanggannya.                                                          is fully disclosed in this Annual Report.




252                                                                                                                           Laporan Tahunan 2024
Page 255
                                                                                                                     Tata Kelola Perusahaan
                                                                                                                       Corporate Governance




                          Prinsip/Rekomendasi                                  Keterangan               Penerapan di Perseroan
                      Principles/Recommendations                               Description           Implementation in the Company

                  •     Tidak memanfaatkan jabatannya atau peluang
                        yang dihasilkan oleh jabatannya untuk kepentingan
                        pribadi;
                  •     Menghindari perbuatan meminta atau menerima
                        dari pihak ketiga pembayaran, gratifikasi atau
                        keuntungan lain untuk dirinya sendiri atau
                        untuk orang lain yang menimbulkan benturan
                        kepentingan/memberikan keuntungan kepada
                        pihak ketiga secara melanggar peraturan
                        perundang-undangan;
                  •     Menghormati perbedaan pendapat dan hak-hak
                        setiap anggota Direksi, Dewan Komisaris, dan
                        karyawan; serta
                  •     Memastikan pengungkapan yang lengkap, adil,
                        akurat, tepat waktu, dan dapat dipahami dalam
                        laporan dan dokumen yang disampaikan korporasi
                        kepada regulator dan dalam komunikasi publik
                        lainnya.
                  This statement is set out in the Business and Ethical
                  Conduct Guidelines which must clearly disclose the
                  corporate expectations that every member of the Board
                  of Directors and Board of Commissioners as well as the
                  employees will:
                  • Act for the best interest of the corporation;
                  • Act truthfully and with high level of integrity;
                  • Act independently and act based on complete
                       information, in good faith, with due diligence and
                       with caution;
                  • Comply with the applicable laws and regulations for
                       the corporation and its operations;
                  • Avoid actions violating the laws and regulations or
                       unethical actions based on the ethical guidelines of
                       the corporation;
                  • Not involved or participate in any activity whatsoever
                       which will cause conflict of interest for the best
                       interest of the corporation or which will have
                       negative impact on corporate’s reputation;
                  • Not exploit the property or information owned
                       by the corporation, other asset ownership or its
                       customers for personal interest or which may inflict
                       losses to the corporation and its customers.
                  • Not using the position or the opportunity generated
                       by the position for personal interest;
                  • Avoid the act of requesting or receiving from third
                       party, payment, gratification or other benefits for
                       personal or for other party which may cause conflict
                       of interest/benefit third party by violating the laws
                       and regulations;
                  • Respect difference of opinion and rights of every
                       member of the Board of Directors, Board of
                       Commissioners, and employees; and
                  • Ensure disclosure in a complete, fair, accurate,
                       timely, and understandable manner in reports and
                       documents submitted by the corporation to the
                       regulator and in other public communication.

             b.   Direksi menetapkan kebijakan dan praktik anti pencucian       Diterapkan   Perseroan memiliki kebijakan khusus terkait
                  uang dan pendanaan terorisme, anti suap, antikorupsi,          Applied     anti-korupsi dan anti-fraud sebagaimana tercantum
                  anti kecurangan (anti-fraud), keterlibatan dalam politik                   dalam Kebijakan anti-Korupsi dan Kebijakan Etika
                  dengan mengacu pada standar nasional atau internasional                    Bisnis.
                  mengenai anti pencucian uang, anti suap, antikorupsi, anti                 The Company has specific policies related to
                  kecurangan, atau standar terkait lainnya.                                  anti-corruption and anti-fraud as stated in
                  The Board of Directors establishes policies and practices                  the Anti-Corruption Policy and Business Ethics Policy.
                  of anti-money laundering and terrorism financing,
                  anti-bribery, anti-corruption, anti-fraud, involvement
                  in politics by referring to national or international
                  standards on anti-money laundering, anti-bribery, anti-
                  corruption, anti-fraud or other related standards.




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                     Prinsip/Rekomendasi                                 Keterangan               Penerapan di Perseroan
                 Principles/Recommendations                              Description           Implementation in the Company

      2.   Nilai-Nilai dan Budaya Organisasi
           Organizational Values and Culture

           a.   Korporasi mengartikulasikan, menumbuhkan, dan             Diterapkan   Perseroan menanamkan budaya integritas dan
                mengungkapkan budaya serta nilai-nilai korporasi.          Applied     tanggung jawab melalui penerapan Kode Etik yang
                The Corporation articulates, grows and disclose                        berlaku bagi seluruh karyawan, Direksi, dan Dewan
                corporate culture and values.                                          Komisaris. Kode Etik ini dikomunikasikan secara
                                                                                       efektif dan menjadi bagian dari strategi perusahaan
                                                                                       untuk     menumbuhkan       nilai-nilai   korporasi.
                                                                                       Kepatuhan terhadap Kode Etik dibuktikan melalui
                                                                                       penandatanganan Pakta Integritas, yang menjadi
                                                                                       dasar dalam menciptakan lingkungan kerja yang etis
                                                                                       dan profesional.
                                                                                       The Company instills a culture of integrity and
                                                                                       responsibility through the implementation of the Code
                                                                                       of Conduct that applies to all employees, Board of
                                                                                       Directors, and Board of Commissioners. This Code
                                                                                       of Conduct is communicated effectively and is part
                                                                                       of company’s strategy to foster corporate values.
                                                                                       Compliance with the Code of Conduct is shown by the
                                                                                       signing of Integrity Pact, which is the basis for creating
                                                                                       an ethical and professional work environment.

      3.   Penegakan dan Komunikasi Pedoman Etika, Nilai-Nilai, dan Budaya
           Enforcement and Communication of Ethical Guidelines, Values, and Culture

           a.   Pedoman perilaku dan kode etik korporasi                  Diterapkan   Kode Etik dikomunikasikan secara efektif kepada
                dikomunikasikan secara efektif kepada Direksi, Dewan       Applied     seluruh karyawan, Direksi, dan Dewan Komisaris sejak
                Komisaris, serta seluruh karyawan, diintegrasikan ke                   awal bergabung, serta menjadi bagian dari strategi dan
                dalam strategi dan operasi korporasi termasuk sistem                   operasi perusahaan. Kode Etik diintegrasikan dalam
                manajemen risiko dan struktur remunerasi, serta                        sistem manajemen risiko dan struktur remunerasi.
                ditegakkan.                                                            Perseroan memastikan penegakan Kode Etik secara
                Corporate behavior and code of conduct guidelines must                 konsisten dan dapat diakses kapan saja melalui
                be effectively communicated to the Board of Directors,                 jaringan komunikasi internal.
                Board of Commissioners, as well as all employees,                      The Code of Conduct is effectively communicated
                must be integrated into the corporate strategies and                   to all employees, the Board of Directors, and Board
                operations, including the risk management system and                   of Commissioners since first joining, and becomes
                remuneration structure, as well as enforced.                           part of company’s strategy and operations. The Code
                                                                                       of Conduct is integrated into the risk management
                                                                                       system and remuneration structure. The Company
                                                                                       ensures the Code of Ethics is enforced consistently
                                                                                       and can be accessed any time through internal
                                                                                       communication network.

 V.   Manajemen Risiko, Pengendalian Internal, dan Kepatuhan
      Risk Management, Internal Control, and Compliance

      1.   Pengendalian Internal dan Kepatuhan
           Internal Control and Compliance

           a.   Direksi melakukan reviu secara berkala atas ketepatan     Diterapkan   Direksi secara rutin melakukan reviu atas ketepatan
                desain dan efektivitas operasional sistem governansi,      Applied     desain dan efektivitas operasional penerapan GCG,
                pengelolaan risiko, pengendalian internal dan                          manajemen risiko, pengendalian internal, dan
                kepatuhan korporasi dan melaporkan pelaksanaan                         kepatuhan terhadap peraturan perundang-undangan.
                dan hasil reviu kepada para Pemegang Saham melalui                     Hasil reviu tersebut disampaikan kepada Pemegang
                Laporan Tahunan Korporasi.                                             Saham melalui Laporan Tahunan.
                The Board of Directors carries out periodic review                     The Board of Directors periodically reviews the
                on design accuracy and operational effectiveness of                    design accuracy and operational effectiveness of GCG
                the governance system, risk management, internal                       implementation, risk management, internal control,
                control, and corporate compliance and report the                       and compliance with the laws and regulations. The
                implementation and review results to shareholders                      review results are submitted to the Shareholders
                through the Corporate Annual Report.                                   through the Annual Report.




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                         Prinsip/Rekomendasi                                  Keterangan               Penerapan di Perseroan
                     Principles/Recommendations                               Description           Implementation in the Company

        2.   Manajemen Risiko
             Risk Management

             a.   Strategi dan risiko merupakan satu kesatuan,                 Diterapkan   Direksi dan Departemen Manajemen Risiko secara
                  diungkapkan secara transparan, masuk ke dalam                 Applied     rutin mengevaluasi penerapan sistem manajemen
                  pelaksanaan tugas dan tanggung jawab Direksi dan                          risiko dengan pengawasan Dewan Komisaris. Evaluasi
                  Dewan Komisaris, serta dalam diskusi di rapat Dewan                       ini dibahas dalam rapat gabungan Direksi dan Dewan
                  Komisaris dan Direksi.                                                    Komisaris untuk memastikan bahwa manajemen
                  Strategies and risks are one integral part, disclosed                     risiko menjadi bagian integral dari strategi perusahaan
                  transparently, included in the implementation of duties                   dan diterapkan secara efektif sesuai dengan 4 pilar
                  and responsibilities of the Board of Directors and                        governansi korporat.
                  Board of Commissioners, and in the discussions in the                     The Board of Directors and Risk Management
                  meetings of the Board of Commissioners and Board of                       Department routinely evaluating the implementation of
                  Directors.                                                                risk management system under the supervision of the
                                                                                            Board of Commissioners. This evaluation is discussed
             b.   Komite Pemantau Manajemen Risiko membantu                                 in the joint meeting of the Board of Directors and
                  pelaksanaan tugas Dewan Komisaris dengan                                  Board of Commissioners to ensure risk management
                  menciptakan mekanisme yang transparan, fokus, dan                         is an integral part of the company’s strategy and is
                  independen dalam pengawasan manajemen risiko                              implemented effectively in line with the 4 pillars of
                  korporasi.                                                                corporate governance.
                  The Risk Management Monitoring Committee
                  assists the implementation of duties of the Board of
                  Commissioners by creating transparent, focused, and
                  independent mechanism in the supervision of corporate
                  risk management.

        3.   Integrasi Governansi, Manajemen Risiko, dan Kepatuhan
             Governance Integration, Risk Management, and Compliance

             a.   Direksi membangun sistem governansi, manajemen               Diterapkan   Perseroan merancang dan mengimplementasikan
                  risiko, dan kepatuhan (GRC) yang terintegrasi, dengan         Applied     sistem manajemen risiko yang terintegrasi di seluruh
                  menangani berbagai ketidakpastian secara terpadu dan                      lini bisnis. Sistem ini bertujuan untuk menangani
                  dengan integritas yang tinggi, untuk meyakinkan bahwa                     ketidakpastian secara menyeluruh dan meminimalkan
                  korporasi dapat mencapai tujuannya.                                       dampak potensial terhadap perusahaan, dengan
                  The Board of Directors builds integrated governance,                      memastikan integritas dalam setiap proses untuk
                  risk management and compliance {GRC) system, by                           mendukung pencapaian tujuan perusahaan.
                  handling various uncertainties in integrated manner and                   The Company designs and implements the integrated
                  with high integrity, to ensure the corporation is able to                 risk management system on all business lines. This
                  achieve its objectives.                                                   system aims to handle uncertainty comprehensively
                                                                                            and minimize potential impacts on the company,
                                                                                            by ensuring integrity in every process to support
                                                                                            achievement of company’s goals.

             b.   Direksi memastikan bahwa bagian yang membawahi               Diterapkan   Unit Audit Internal Perseroan tidak merangkap dalam
                  fungsi kepatuhan tidak merangkap melaksanakan fungsi          Applied     melaksanakan fungsi yang berpotensi menimbulkan
                  yang berpotensi menimbulkan benturan kepentingan.                         benturan kepentingan.
                  The Board of Directors ensures the unit liable for the                    The Company’s Internal Audit Unit does not
                  compliance function does not concurrently running                         concurrently running function that potentially causing
                  function that potentially causing conflict of interest.                   conflict of interest.

        4.   Audit Internal
             Internal Audit

             a.   Dewan Komisaris, melalui Komite Audit, memantau              Diterapkan   Dewan Komisaris, melalui Komite Audit, memantau dan
                  dan memastikan bahwa fungsi audit internal                    Applied     memastikan bahwa fungsi audit internal mendukung
                  membantu korporasi untuk mencapai tujuannya dengan                        pencapaian tujuan perusahaan dengan pendekatan
                  membawa pendekatan yang objektif dan disiplin untuk                       yang objektif dan disiplin dalam mengevaluasi
                  mengevaluasi dan meningkatkan efektivitas manajemen                       dan meningkatkan efektivitas manajemen risiko,
                  risiko, pengendalian internal, dan governansi korporat.                   pengendalian internal, dan tata kelola perusahaan.
                  The Board of Commissioners via Audit Committee will                       Informasi lebih lengkap mengenai hal ini diungkapkan
                  monitors and ensures the internal audit function is                       pada Unit Audit Internal dalam Laporan Tahunan.
                  assisting the corporation to achieve its objectives by                    The Board of Commissioners, via Audit Committee,
                  taking objective approach and discipline to evaluate and                  monitors and ensures the internal audit is supporting
                  improve the effectiveness of risk management internal                     the achievement of company’s objectives with objective
                  control, and corporate governance.                                        and disciplined approach in evaluating and improving
                                                                                            the effectiveness of risk management, internal control,
                                                                                            and corporate governance. More complete information
                                                                                            on this is disclosed in the Internal Audit Unit in the
                                                                                            Annual Report.




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  PT Sawit Sumbermas Sarana Tbk.




                      Prinsip/Rekomendasi                                    Keterangan               Penerapan di Perseroan
                  Principles/Recommendations                                 Description           Implementation in the Company

 VI.   Pengungkapan dan Transparansi
       Disclosure and Transparency

       1.   Kebijakan Pengungkapan
            Disclosure Policy

            a.   Korporasi    memiliki      kebijakan    dan prosedur         Diterapkan   Perseroan memiliki Kebijakan Tata Kelola dan
                 pengungkapan dan transparansi yang memastikan                 Applied     Kebijakan Komunikasi dengan Pemegang Saham
                 pengungkapan informasi material dan menjaga                               yang mengatur keterbukaan informasi dan menjaga
                 informasi sensitif serta rahasia korporasi.                               kerahasiaan data sensitif. Perseroan berkomitmen
                 The corporation has policy and procedure of disclosure                    menyampaikan informasi material kepada seluruh
                 and transparency, ensuring disclosure of material                         Pemegang Saham secara tepat waktu, akurat, dan
                 information and safeguarding corporate’s sensitive and                    teratur, kecuali yang bersifat rahasia. Perseroan
                 confidential information.                                                 juga menjamin kesetaraan akses informasi tanpa
                                                                                           keberpihakan pada Pemegang Saham tertentu.
            b.   Hak Pemegang Saham untuk memperoleh secara                                The Company has Governance Policy and
                 teratur dan tepat waktu informasi material yang relevan                   Communication Policy with Shareholders that
                 tentang korporasi harus dipenuhi.                                         regulates information disclosure and maintains
                 Shareholders’ right to regularly and timely receive                       confidentiality of sensitive data. The Company is
                 relevant material information on the corporation must                     committed to deliver material information to all
                 be fulfilled.                                                             Shareholders in a timely, accurate, and regular
                                                                                           manner, except for confidential information. The
                                                                                           Company also guarantees equal access to information
                                                                                           without leaning towards certain Shareholders.

       2.   Laporan Keuangan dan Keberlanjutan
            Financial Statements and Sustainability Report

            a.   Korporasi mengungkapkan sistem dan prosedur untuk            Diterapkan   Perseroan memiliki sistem pengendalian internal
                 memastikan bahwa Laporan Keuangan interim yang                Applied     untuk memastikan Laporan Keuangan Interim yang
                 tidak diaudit atau direviu oleh auditor eksternal secara                  tidak diaudit tetap akurat dan lengkap. Komite Audit
                 material adalah akurat, lengkap, dan memberikan                           mereviu laporan sebelum dipublikasikan guna
                 investor informasi yang tepat untuk membuat keputusan                     menjamin transparansi dan memberikan informasi
                 investasi yang tepat.                                                     yang relevan bagi investor.
                 The corporation discloses system and procedure to                         The Company has internal control system to ensure
                 ensure the interim Financial Statements, unaudited or                     the unaudited Interim Financial Statements remains
                 not reviewed by external auditor, is materially accurate,                 accurate and complete. The Audit Committee
                 complete, and provide current information to the                          reviews the statements prior to publication to ensure
                 investor to make correct investment decision.                             transparency and provide relevant information to
                                                                                           investors.

            b.   Komite Audit memastikan kualitas audit Laporan               Diterapkan   Komite Audit memastikan kualitas audit Laporan
                 Keuangan yang dilaksanakan oleh auditor eksternal.            Applied     Keuangan oleh auditor eksternal, termasuk
                 Kegiatan ini termasuk merekomendasikan penunjukan,                        merekomendasikan penunjukan, penunjukan kembali,
                 penunjukan kembali dan, jika perlu, pemberhentian dan                     pemberhentian, dan remunerasi jika diperlukan.
                 remunerasi auditor eksternal.                                             The Audit Committee ensures the audit quality of
                 The Audit Committee ensures the audit quality of                          Financial Statements by external auditor, including
                 Financial Statements done by external auditor. This                       recommending the appointment, reappointment,
                 activity includes recommending the appointment,                           dismissal and remuneration if necessary.
                 reappointment, and, if necessary, dismissal and
                 remuneration of external auditor.

            c.   Laporan Keberlanjutan harus disiapkan dan diungkapkan        Diterapkan   Laporan Keberlanjutan disusun oleh Direksi dan
                 dengan akurat dan disusun sesuai kerangka pelaporan           Applied     Manajemen sesuai ketentuan, menggunakan standar
                 keberlanjutan nasional atau internasional.                                nasional dan internasional, yaitu Peraturan Otoritas
                 The sustainability report must be prepared and disclosed                  Jasa Keuangan No. 51/POJK.03/2017 tentang
                 accurately and composed in line with the national or                      Keuangan Berkelanjutan dan kerangka Global
                 international sustainability reporting framework.                         Reporting Initiative (GRI).
                                                                                           The Sustainability Report is composed by Board
                                                                                           of Directors and Management in line with the
                                                                                           provisions, using national and international standards,
                                                                                           namely Financial Services Authority Regulation
                                                                                           No. 51/POJK.03/2017 on Sustainable Finance and
                                                                                           Global Reporting Initiative (GRI) framework.




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                         Prinsip/Rekomendasi                                   Keterangan               Penerapan di Perseroan
                     Principles/Recommendations                                Description           Implementation in the Company

             d.   Korporasi menerbitkan Laporan Tahunan secara                  Diterapkan   Laporan Tahunan Perseroan menyajikan informasi
                  terintegrasi yang menempatkan kinerja historis ke              Applied     tentang kinerja historis dalam konteks yang relevan,
                  dalam konteks dan menggambarkan risiko, peluang, dan                       serta menguraikan risiko, peluang, dan prospek
                  prospek korporasi di masa depan, sehingga membantu                         perusahaan di masa mendatang.
                  Pemegang Saham dan pemangku kepentingan                                    The Company’s Annual Report presents information
                  memahami tujuan strategis korporasi dan kemajuannya                        regarding historical performance in a relevant context,
                  dalam menciptakan nilai yang berkelanjutan.                                and outlines future company’s risks, opportunities and
                  The corporation issues an integrated Annual Report                         prospects.
                  which put historical performance into the context and
                  illustrate the risk, probability, and future corporate
                  prospect, thus, assisting Shareholders and the
                  stakeholders to understand corporate strategies and
                  progress in creating sustainable values.

             e.   Laporan Tahunan perusahaan terbuka mengungkapkan              Diterapkan   Informasi terkait pemilik manfaat terakhir telah
                  pemilik manfaat akhir dalam kepemilikan saham                  Applied     diungkapkan bagian Informasi Pemegang Saham
                  perusahaan terbuka paling sedikit 5% (lima persen),                        Utama dan/atau Pengendali bab Profil Perusahaan
                  selain pengungkapan pemilik manfaat akhir dalam                            dalam Laporan Tahunan ini.
                  kepemilikan saham perusahaan terbuka melalui                               Information related to ultimate beneficial owner
                  Pemegang Saham Utama dan Pengendali.                                       has been disclosed in the Information of Major and/
                  Annual Report of Public Company discloses beneficial                       or Controlling Shareholders section of the Company
                  owner in share ownership of Public Company of at                           Profile chapter in this Annual Report.
                  least 5%, other than disclosure of beneficial owner in
                  share ownership of Public Company through Major and
                  Controlling shareholders.

        3.   Diseminasi Informasi
             Information Dissemination

             a.   Saluran penyebaran informasi harus menyediakan                Diterapkan   Perseroan secara konsisten menggunakan aset
                  akses yang setara, tepat waktu, dan relatif murah untuk        Applied     digital sebagai media untuk menyampaikan informasi
                  informasi yang relevan bagi pengguna.                                      kepada para pemangku kepentingan. Berbagai kanal
                  Information dissemination channel must provide equal,                      komunikasi yang tersedia, seperti situs web, dan public
                  timely, and relatively cheap access for information which                  expose.
                  is relevant for the user.                                                  The Company consistently uses digital assets as
                                                                                             media to disseminate information to stakeholders.
                                                                                             Various communication channels are available, such
                                                                                             as websites and public exposes.

             b.   Korporasi memastikan bahwa pernyataan tahunan                Penjelasan    Pernyataan mengenai penerapan PUGKI baru akan
                  terhadap penerapan Pedoman Umum Governansi                   Explanation   disampaikan oleh Perseroan dalam Laporan Tahunan
                  Korporat Indonesia, termasuk penjelasan atas                               2024. Ke depan, Perseroan berkomitmen untuk
                  penerapan atas masing-masing Rekomendasi dan                               konsisten dan meningkatkan kualitas penerapan
                  Panduan tersedia di situs web selama jangka waktu                          setiap rekomendasi yang diberikan oleh PUGKI serta
                  minimal 5 tahun.                                                           akan mempublikasikannya di situs web.
                  The corporation ensures the annual statement on the                        A statement regarding the implementation of new
                  implementation of General Guidelines for Indonesian                        PUGKI will be submitted by the Company in the
                  Corporate Governance, and explanation regarding the                        2024 Annual Report. Going forward, the Company
                  implementation of each Recommendation and Guideline                        is committed to be consistent and improving the
                  is available in the website for at least 5 years.                          implementation quality of each recommendation given
                                                                                             by PUGKI and will publish it on the website.

             c.   Untuk korporasi yang terdaftar di pasar modal di              Diterapkan   Hingga akhir tahun buku 2024, Perseroan hanya
                  yurisdiksi selain yurisdiksi asal, peraturan perundang-        Applied     mencatatkan dan memperdagangkan sahamnya di
                  undangan atas governansi korporat yang berlaku harus                       Bursa Efek Indonesia, tempat domisili Perseroan.
                  di diungkapkan dengan jelas. Dalam hal cross listing,                      Until end of 2024 fiscal year, the Company only listed
                  kriteria dan prosedur cross listing, kriteria dan prosedur                 and traded its shares on Indonesia Stock Exchange,
                  untuk mengakui persyaratan listing untuk listing utama                     the Company’s domicile.
                  harus transparan dan didokumentasikan.
                  For corporation listed at the capital market within the
                  jurisdiction, other than its origin jurisdiction, the laws
                  and regulations on prevailing corporate governance
                  must be disclosed clearly. ln case of cross listing,
                  the cross listing criteria and procedure, criteria and
                  procedure to acknowledge listing requirements for main
                  listing must be transparent and documented.




2024 Annual Report                                                                                                                              257
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  PT Sawit Sumbermas Sarana Tbk.




                       Prinsip/Rekomendasi                                    Keterangan                  Penerapan di Perseroan
                   Principles/Recommendations                                 Description              Implementation in the Company

 VII.   Perlindungan terhadap Hak-Hak Pemegang Saham
        Protection towards the Rights of the Shareholders

        1.   Hak Pemegang Saham
             Shareholders Rights

             a.   Korporasi memiliki suatu kebijakan komunikasi yang           Diterapkan      Perseroan memiliki kebijakan komunikasi dengan
                  memfasilitasi dan mendorong partisipasi Pemegang              Applied        Pemegang Saham, sebagaimana diatur dalam
                  Saham atau investor.                                                         Anggaran Dasar dan dilaksanakan melalui Sekretaris
                  The corporation has a communication policy to facilitate                     Perusahaan.
                  and encourage the participation of Shareholders or                           The Company has a communication policy with
                  investor.                                                                    Shareholders, as stipulated in the Articles of
                                                                                               Association and implemented by Corporate Secretary.
             b.   Korporasi yang merupakan entitas induk memastikan
                  bahwa kebijakan governansi korporatnya berlaku bagi
                  Entitas Anak dan entitas sepengendali yang di dalamnya
                  investasi korporasi adalah signifikan.
                  The corporation as parent company ensures its
                  corporate governance policy is applicable to Subsidiaries
                  and entities of the same control in which the investment
                  of the corporation is significant.

             c.   Korporasi memiliki aturan dan prosedur yang mengatur
                  akuisisi, pengambilalihan, dan transaksi luar biasa,
                  seperti merger dan penjualan aset korporasi yang
                  substansial untuk memastikan transaksi terjadi
                  secara transparan dan dalam kondisi yang wajar dan
                  melindungi hak-hak semua Pemegang Saham sesuai
                  dengan kelasnya.
                  The corporation has rules and procedures regulating
                  the acquisition, take over and extraordinary transaction,
                  such as merger and sale of substantial corporation
                  assets to ensure the transaction is done transparently
                  and fairly and protects the rights of all Shareholders in
                  line with their classes.

        2.   Perlakuan Adil terhadap Pemegang Saham
             Fair Treatment toward the Shareholders

             a.   Korporasi memiliki aturan dan prosedur yang                 Not Applicable   Perseroan hanya menerbitkan 1 jenis saham
                  memastikan:                                                                  (1 seri saham), sehingga prinsip perlakuan setara
                  • Semua Pemegang Saham dari seri yang sama                                   terhadap Pemegang Saham telah terpenuhi secara
                      dalam satu kelas saham harus diperlakukan                                otomatis.
                      setara; serta                                                            The Company only issues 1 type of share
                  • Pengungkapan aturan dan prosedur tersebut serta                            (1 series of share), so the principle of fair treatment
                      pengungkapan struktur modal dan pengaturan                               toward the Shareholders has been automatically
                      yang memungkinkan Pemegang Saham tertentu                                fulfilled.
                      memeroleh pengaruh atau kendali yang tidak
                      proporsional dengan kepemilikan sahamnya.
                  Corporation has rules and procedures to ensure:
                  • All Shareholders from the same series in the same
                      class of share must be treated equally; and
                  • The disclosure of the rules and procedure as well
                      as the disclosure of the capital structure and the
                      arrangement enabling certain Shareholder to gain
                      influence or control which is not proportional to its
                      share ownership.

             b.   Korporasi memiliki aturan dan prosedur yang                  Diterapkan      Perseroan memastikan bahwa transaksi pihak
                  memastikan transaksi pihak berelasi disetujui dan             Applied        berelasi yang dilaksanakan tidak memiliki benturan
                  dilaksanakan sedemikian rupa yang dapat meyakinkan                           kepentingan serta kepentingan Perseroan dan
                  bahwa benturan kepentingan telah dikelola dengan                             Pemegang Saham telah terlindungi.
                  tepat, dan melindungi kepentingan korporasi dan                              The Company ensures related party transactions
                  Pemegang Saham.                                                              carried out have no conflict of interest and the interests
                  The corporation has rules and procedure to ensure the                        of the Company and Shareholders are protected.
                  affiliated party transactions are approved and carried
                  out in such a way to assure that conflict of interest has
                  been properly managed, and protect the interest of the
                  corporation and shareholders.




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                                                                                                                        Corporate Governance




                         Prinsip/Rekomendasi                                   Keterangan               Penerapan di Perseroan
                     Principles/Recommendations                                Description           Implementation in the Company

             c.   Korporasi memiliki dan mengungkapkan kebijakan                Diterapkan   Perseroan telah memiliki kebijakan terkait insider
                  untuk mencegah terjadinya insider trading. Korporasi           Applied     trading, sebagaimana tercantum dalam Pedoman Tata
                  memiliki aturan yang jelas mengenai perdagangan                            Kelola Perusahaan. Informasi ini juga diungkapkan
                  apa pun dalam saham korporasi yang dilakukan                               pada bagian Transaksi Orang Dalam di Laporan
                  oleh Direktur, Komisaris, dan orang dalam untuk                            Tahunan.
                  memastikan bahwa siapa pun tidak boleh mendapatkan                         The Company has a policy related to insider trading as
                  keuntungan secara langsung atau tidak langsung dari                        stated in the Corporate Governance Guidelines. This
                  informasi yang tidak/belum tersedia di pasar.                              information is also disclosed in the Insider Transaction
                  The corporation has and discloses policy to prevent                        section in the Annual Report.
                  occurrence of insider trading, The corporation has clear
                  rules on any trading in the corporation shares carried
                  out by the Director, Commissioner, and insider to
                  ensure no one obtain direct or indirect benefit from the
                  information which is not/not yet available in the market.

        3.   Rapat Umum Pemegang Saham
             General Meeting of Shareholders

             a.   Korporasi melakukan panggilan RUPS dengan agenda              Diterapkan   Perseroan melaksanakan pemanggilan RUPS paling
                  dan materi RUPS selengkap dan sedini mungkin (paling           Applied     lambat 21 hari sebelum RUPS. Pemanggilan tersebut
                  lambat 28 hari sebelum RUPS) untuk memberikan waktu                        telah dipublikasikan pada di publikasikan pada situs
                  dan materi yang cukup bagi Pemegang Saham untuk                            web Perseroan, Bursa Efek Indonesia, dan Kustodian
                  mempelajari dengan baik agenda rapat. Undangan                             Sentral Efek Indonesia.
                  rapat dan seluruh informasi RUPS diungkapkan melalui                       The Company issues the GMS invitation no later than
                  sarana elektronik seperti melalui situs web korporasi.                     21 days prior to the GMS. The invitation has been
                  The corporation gives the GMS invitation along with                        published on the websites of the Company, Indonesia
                  GMS agenda and materials as complete and as early                          Stock Exchange, and Indonesian Central Securities
                  as possible (at the latest 28 days prior to the GMS) to                    Depository.
                  give enough time and materials for the Shareholders
                  to properly review the meeting agenda. The meeting
                  invitees and all GMS information are disclosed via
                  electronic means, such as the corporate website.

             b.   Korporasi memiliki dan mengungkapkan aturan dan               Diterapkan   Mekanisme pengambilan keputusan/pemungutan
                  prosedur yang memfasilitasi Pemegang Saham dalam               Applied     suara RUPS baik secara terbuka maupun tertutup
                  berpartisipasi dan memberikan suara secara efektif                         dimuat dalam Anggaran Dasar Perseroan.
                  di RUPS.                                                                   The decision making/voting mechanism of the GMS,
                  The corporation has and discloses rules and procedure                      both open or closed, is stated in the Company’s
                  facilitating Shareholders to participate and casting votes                 Articles of Association.
                  effectively in the GMS.

             c.   Pemegang Saham berpartisipasi efektif dalam                   Diterapkan   Pemegang Saham berpartisipasi efektif dalam
                  menetapkan penunjukan anggota Direksi dan Dewan                Applied     menetapkan penunjukan anggota Direksi dan Dewan
                  Komisaris.                                                                 Komisaris Perseroan. Sebagaimana diungkapkan
                  Shareholders effectively participate in determining the                    dalam Kebijakan dan Prosedur Nominasi dalam
                  appointment of members of the Board of Directors and                       Laporan Tahunan ini.
                  Board of Commissioners.                                                    Shareholders effectively participate in determining the
                                                                                             appointment of members of the Board of Directors and
                                                                                             Board of Commissioners of the Company. As disclosed
                                                                                             in the Nomination Policy and Procedure in this Annual
                                                                                             Report.

             d.   Seluruh anggota Direksi dan anggota Dewan Komisaris          Penjelasan    RUPS Tahunan Perseroan pada 25 April 2024 tidak
                  hadir dalam RUPS Tahunan.                                    Explanation   dihadiri oleh anggota Direksi yang mengundurkan diri.
                  All members of the Board of Directors and members of                       The Company’s Annual GMS on April 25, 2024 was
                  the Board of Commissioners are present at the Annual                       not attended by resigning members of the Board of
                  GMS.                                                                       Directors.

             e.   Korporasi memastikan transparansi dan akuntabilitas           Diterapkan   Dasar penunjukan Kantor Akuntan Publik dan Akuntan
                  auditor eksternal di RUPS.                                     Applied     Publik yang akan mengaudit Laporan Keuangan
                  The corporation ensures the transparency              and                  Perseroan tahun 2024 telah disampaikan melalui
                  accountability of external auditor at the GMS.                             keputusan RUPS Tahunan.
                                                                                             The basis of appointment of Public Accounting Firm
                                                                                             and Public Accountant who will audit the Company’s
                                                                                             2024 Financial Statements has been disclosed through
                                                                                             Annual GMS resolution.




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                       Prinsip/Rekomendasi                                     Keterangan                Penerapan di Perseroan
                   Principles/Recommendations                                  Description            Implementation in the Company

             f.   Penyampaian hasil pemungutan suara dan ringkasan              Diterapkan   Perseroan telah mengungkapkan hasil pemungutan
                  risalah RUPS secara lengkap diumumkan ke publik                Applied     suara dan ringkasan risalah RUPS secara lengkap
                  pada hari kerja berikutnya.                                                dalam situs web perusahaan dan Bursa Efek Indonesia.
                  The presentation of complete voting results and                            The Company has disclosed the complete voting
                  summary of GMS minutes will be published to the public                     results and summary of GMS minutes on company and
                  on the subsequent working day.                                             Indonesia Stock Exchange websites.

VIII.   Penghargaan terhadap Pemangku Kepentingan
        Appreciation to the Stakeholders

        1.   Keterlibatan Pemangku Kepentingan Kunci (Stakeholder Engagement)
             Key Stakeholders Engagement

             a.   Korporasi melalui Sekretaris Korporasi melaksanakan           Diterapkan   Perseroan telah mengungkapkan proses dalam
                  komunikasi yang reguler, transparan, dan efektif dengan        Applied     mengidentifikasi dan memilih pemangku kepentingan
                  pemangku kepentingan kunci serta melibatkan mereka                         dan keterlibatannya yang telah diungkapkan dalam
                  untuk memahami harapan dan keluhan mereka serta                            Laporan Keberlanjutan. Selain itu, Perseroan juga
                  dampak korporasi terhadap mereka.                                          memiliki Whistleblowing System sebagai sarana
                  The corporation via Corporate Secretary carries out                        untuk menyampaikan saran, masukan, dan keluhan/
                  regular, transparent, and effective communication with                     pengaduan.
                  key stakeholders and engages them to understand                            The Company has disclosed the process of identifying
                  their hopes and complaints as well as the impact of                        and selecting stakeholders and their engagement
                  corporation towards them.                                                  which has been disclosed in the Sustainability Report.
                                                                                             The Company also has a Whistleblowing System as a
                                                                                             means to submit suggestions, input, and grievance/
                                                                                             complaints.

        2.   Integrasi Keberlanjutan dalam Model Bisnis
             Sustainable Integration in Business Model

             a.   Dewan Komisaris bersama-sama dengan Direksi                   Diterapkan   Dewan Komisaris, Direksi, dan Ketua Divisi
                  bertanggung jawab, akuntabel, dan transparan atas              Applied     Keberlanjutan      telah    menetapkan     strategi,
                  governansi keberlanjutan, termasuk menetapkan                              prioritas, dan target keberlanjutan Perseroan telah
                  strategi, prioritas, dan target keberlanjutan korporasi.                   dikomunikasikan kepada para Pemegang Saham
                  Direksi    dan     Dewan     Komisaris     memasukkan                      melalui Laporan Tahunan dan Laporan Keberlanjutan.
                  pertimbangan keberlanjutan ketika menjalankan                              The Board of Commissioners, Board of Directors,
                  perannya, termasuk antara lain dalam pengembangan                          and Head of Sustainability Division have established
                  dan implementasi strategi korporasi, rencana bisnis,                       the Company’s sustainability strategies, priorities,
                  rencana aksi utama, dan manajemen risiko.                                  and targets which have been communicated to
                  The Board of Commissioners together with the Board of                      Shareholders through the Annual Report and
                  Directors are responsible, accountable, and transparent                    Sustainability Report.
                  over sustainability governance, including setting up
                  the strategies, priority, and targets of the corporation’s
                  sustainability. The Board of Directors and Board of
                  Commissioners include the sustainable considerations
                  when carrying out the roles, including, among others,
                  in development and implementation of corporate
                  strategies, business plan, main action plan, and risk
                  management.

        3.   Perlindungan terhadap Pemangku Kepentingan
             Protection toward the Stakeholders

             a.   Direksi memastikan dan mengungkapkan bahwa                    Diterapkan   Perseroan     senantiasa     menjalankan     aktivitas
                  operasi korporasi mencerminkan penerapan standar               Applied     operasional sesuai dengan peraturan perundang-
                  etika, tanggung jawab sosial dan lingkungan yang tinggi                    undangan yang berlaku. Hal tersebut dilakukan
                  di seluruh korporasi dan memastikan bahwa kebijakan                        sebagai upaya dalam menciptakan lingkungan kerja
                  dan prosedur yang tepat diterapkan untuk menghormati                       yang beretika, bertanggung jawab terhadap tanggung
                  serta mematuhi hak-hak pemangku kepentingan.                               jawab sosial dan lingkungan serta saling menghormati
                  The Board of Directors ensures and discloses that                          dan mematuhi hak-hak pemangku kepentingan.
                  corporate operations reflect implementation of                             Informasi lengkap telah diungkapkan dalam Laporan
                  high ethical standards, social and environmental                           Tahunan dan Laporan Keberlanjutan.
                  responsibility throughout the corporation and ensure                       The Company always carries out operational activities
                  the appropriate policies and procedures are applied to                     in line with applicable laws and regulations. This is
                  respect and comply with the stakeholders’ rights.                          done as an effort to create an ethical work environment,
                                                                                             responsible for social and environmental responsibilities,
                                                                                             mutual respect and compliance with stakeholder rights.
                                                                                             Complete information has been disclosed in the Annual
                                                                                             Report and Sustainability Report.




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                                                                                                                        Tata Kelola Perusahaan
                                                                                                                          Corporate Governance




                         Prinsip/Rekomendasi                                 Keterangan                   Penerapan di Perseroan
                     Principles/Recommendations                              Description               Implementation in the Company

              b.   Direksi mendorong karyawan bekerja untuk kepentingan       Penjelasan       Saat ini, Perseroan belum memiliki program
                   jangka panjang korporasi dan mengedepankan                 Explanation      insentif jangka panjang khusus, namun senantiasa
                   keberlanjutan.                                                              mengevaluasi berbagai mekanisme yang dapat
                   The Board of Directors encourages the employees to                          mendorong kinerja dan retensi jangka panjang bagi
                   work for the long-term interest of the corporation to                       Direksi dan karyawan.
                   prioritize sustainability.                                                  Currently, the Company has no special long-term
                                                                                               incentive program, but constantly evaluating various
                                                                                               mechanism to boost the performance and long-
                                                                                               retention for the Board of Directors and employees.




Pernyataan dan Praktik
Bad Corporate Governance
                                                                                     Statements and Practices of
                                                                                      Bad Corporate Governance

Praktik bad corporate governance terjadi ketika perusahaan                   The bad corporate governance practices occur when a company
gagal menerapkan prinsip transparansi, akuntabilitas, dan                    fails to implement the principles of transparency, accountability,
integritas. Hal ini dapat mencakup kurangnya pengawasan,                     and integrity. This can include lack of oversight, conflicts of
konflik kepentingan, manipulasi laporan keuangan, dan                        interest, manipulation of financial statements, and neglect of
pengabaian hak pemangku kepentingan. Praktik semacam                         stakeholder rights. Such practices damage reputation, reduce
ini merusak reputasi, mengurangi kepercayaan investor, dan                   investor confidence, and have the potential to cause financial
berpotensi menimbulkan kerugian finansial serta hukum.                       and legal losses. Therefore, the Company needs to commit
Untuk itu, Perseroan perlu berkomitmen pada prinsip-prinsip                  to GCG principles so that operations remain sustainable
GCG agar operasional tetap berkelanjutan dan terpercaya.                     and reliable. This commitment is implemented through the
Komitmen tersebut diimplementasikan melalui uraian berikut.                  following description.


                              Uraian                                                                       Praktik
                            Description                                                                    Practice

 Adanya laporan sebagai perusahaan yang mencemari lingkungan.            Hingga akhir tahun 2024, Perseroan tidak menerima laporan terkait
 Reported as a company involved in environmental pollution.              pencemaran lingkungan yang dilakukan oleh Perseroan dan Entitas Anak.
                                                                         Until end of 2024, the Company has not received any report related to
                                                                         environmental pollution caused by the Company and its Subsidiaries.

 Perkara penting yang sedang dihadapi oleh perusahaan, anggota           Hingga akhir 2024, tidak terdapat perkara penting yang sedang dihadapi
 Dewan Komisaris, dan/atau Direksi yang sedang menjabat tidak            oleh Perseroan anggota Dewan Komisaris, dan/atau Direksi sebagaimana
 diungkapkan dalam Laporan Tahunan.                                      diungkapkan dalam pembahasan Perkara Penting dan Sanksi Administratif.
 Important case being faced by the company, serving members of the       Until the end of 2024, there was no important case being faced by the Company,
 Board of Commissioners, and/or Board of Directors is not disclosed in   members of the Board of Commissioners, and/or Board of Directors as
 the Annual Report.                                                      disclosed in the Important Case and Administrative Sanctions sections.

 Ketidakpatuhan dalam pemenuhan kewajiban perpajakan.                    Sebagai bentuk kepatuhan terhadap peraturan perpajakan, Perseroan telah
 Non-compliance of tax obligations.                                      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 19, halaman 81-97.
                                                                         As a form of compliance with the tax regulations, the Company has fulfilled
                                                                         its tax 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 19, page 81-97.




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                              Uraian                                                                     Praktik
                            Description                                                                  Practice

Ketidaksesuaian penyajian Laporan Tahunan dan Laporan Keuangan            Penyusunan Laporan Tahunan dan Laporan Keuangan Perseroan
dengan peraturan yang berlaku dan Standar Akuntansi Keuangan.             disesuaikan dengan peraturan yang berlaku. Laporan Tahunan
Discrepancy in the presentation of Annual Report and Financial            memuat Laporan Manajemen mengenai tugas, tantangan, dan capaian
Statements in line with applicable regulations and Financial Accounting   sepanjang tahun 2024, berdasarkan Peraturan Otoritas Jasa Keuangan
Standards.                                                                No. 29/POJK.04/2016. Sementara itu, Laporan Keuangan telah disusun
                                                                          sesuai dengan peraturan dan Standar Akuntansi Keuangan dan telah diaudit
                                                                          oleh KAP Ernst & Young Indonesia, Purwanto, Sungkoro & Surja untuk
                                                                          periode 2024.
                                                                          The preparation of Company’s Annual Report and Financial Statements
                                                                          are following the applicable regulations. The Annual Report includes
                                                                          the Management Report on the duties, challenges, and achievements
                                                                          throughout 2024, based on the Financial Services Authority Regulation
                                                                          No. 29/POJK.04/2016. Meanwhile, the Financial Statements have been
                                                                          prepared in line with applicable regulations and Financial Accounting
                                                                          Standards and have been audited by KAP Ernst & Young Indonesia, Purwanto,
                                                                          Sungkoro & Surja for the 2024 period.

Kasus terkait buruh dan karyawan.                                         Sepanjang tahun 2024, tidak terdapat kasus terkait buruh dan karyawan di
Cases related to labor and employees.                                     lingkungan Perseroan dan Entitas Anak.
                                                                          Throughout 2024, there was no case related to labor and employees within
                                                                          the Company and its Subsidiaries.

Tidak terdapat pengungkapan segmen operasi.                               Informasi terkait segmen operasi Perseroan telah diungkapkan pada Bab
No disclosure of operational segments.                                    Analisis dan Pembahasan Manajemen Atas Kinerja Perusahaan dalam
                                                                          Laporan Tahunan ini.
                                                                          Information regarding Company’s operational segments has been disclosed
                                                                          in the Management Discussion and Analysis of Company Performance
                                                                          section in this Annual Report.

Terdapat ketidaksesuaian antara Laporan Tahunan hardcopy dengan           Perseroan secara rutin melakukan pengecekan terhadap kesesuaian data
Laporan Tahunan softcopy.                                                 Laporan Tahunan antara versi hardcopy dan softcopy.
Discrepancies between the hardcopy and softcopy of the Annual Report.     The Company regularly checks the data consistency between the hardcopy
                                                                          and softcopy version of the Annual Report.




262                                                                                                                           Laporan Tahunan 2024
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                     Tata Kelola Perusahaan
                       Corporate Governance




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264                                Laporan Tahunan 2024
Page 267
                           Tanggung
                       Jawab Sosial
                     dan Lingkungan
                        Perusahaan
         Corporate Social and Environmental
                      Responsibility Aspects
                                         Perseroan menjalankan program TJSL untuk
                                 menyeimbangkan pertumbuhan ekonomi, sosial, dan
                         lingkungan. Fokusnya mencakup bantuan sosial, pendidikan,
                             kesehatan, lingkungan, infrastruktur, dan pemberdayaan
                                  masyarakat guna memberi manfaat berkelanjutan.

                                  The Company carries out Social and Environmental
                                   Responsibility (SER) programs aimed at balancing
                                 economic, social, and environmental growth. These
                                     programs focus on social assistance, education,
                            healthcare, environmental initiatives, infrastructure, and
                             community empowerment to deliver long-term benefits.




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Komitmen Pelaksanaan Tanggung Jawab Sosial
dan Lingkungan Perusahaan
                                                              Corporate Social and
                                           Environmental Responsibility Commitment


PT Sawit Sumbermas Sarana Tbk (SSMS) berkomitmen untuk        PT Sawit Sumbermas Sarana Tbk (SSMS) is committed to
memberikan dampak positif dan manfaat berkelanjutan bagi      delivering positive and sustainable impacts for stakeholders
pemangku kepentingan serta masyarakat, baik secara langsung   and the wider community, both directly and indirectly. This
maupun tidak langsung. Komitmen ini diwujudkan melalui        commitment is realized through social and environmental
program tanggung jawab sosial dan lingkungan (TJSL) yang      responsibility (SER) programs aimed at balancing economic,
bertujuan untuk menyeimbangkan kinerja ekonomi, sosial, dan   social, and environmental performance, in line with the
lingkungan, sejalan dengan pencapaian tujuan pembangunan      achievement of the Sustainable Development Goals (SDGs).
berkelanjutan (TPB).



Tujuan Pelaksanaan TJSL                                       Objectives of SER Implementation

SSMS menjalankan program TJSL dengan tujuan utama untuk:      SSMS carries out social and environmental responsibility (SER)
                                                              programs with the following main objectives:
1. Membangun hubungan harmonis dengan pemangku                1. To build harmonious relationships with stakeholders;
   kepentingan;
2. Mendukung kelancaran operasional perusahaan;               2. To support smooth business operations;
3. Meningkatkan kesejahteraan masyarakat; serta               3. To improve community welfare; and
4. Melestarikan lingkungan dan sumber daya alam.              4. To preserve the environment and natural resources.



Pedoman dan Regulasi Pelaksanaan TJSL                         Guidelines and Regulations for SER
                                                              Implementation

Dalam implementasinya, SSMS berpedoman pada prinsip           In its implementation, SSMS refers to sustainability principles,
keberlanjutan, etika bisnis, serta regulasi nasional dan      business ethics, as well as national and international
internasional, sebagai berikut.                               regulations, as follows:
1. Undang-Undang No. 40 Tahun 2007 tentang Perseroan          1. Law No. 40 of 2007 concerning Limited Liability Companies.
    Terbatas.
2. Peraturan Pemerintah No. 47 Tahun 2012 tentang Tanggung    2. Government Regulation No. 47 of 2012 concerning Social
    Jawab Sosial dan Lingkungan.                                 and Environmental Responsibility.
3. Undang-Undang No. 25 Tahun 2007 tentang Penanaman          3. Law No. 25 of 2007 concerning Investment.
    Modal.
4. Anggaran Dasar Perseroan.                                  4.   The Company’s Articles of Association.
5. ISO 26000 tentang Panduan Tanggung Jawab Sosial.           5.   ISO 26000 on Social Responsibility Guidelines.
6. Tata Kelola Perusahaan (GCG) dan Etika Bisnis.             6.   Good Corporate Governance (GCG) and Business Ethics.
7. Sertifikasi keberlanjutan, termasuk:                       7.   Sustainability certifications, including:
    a. Indonesian Sustainable Palm Oil (ISPO);                     a. Indonesian Sustainable Palm Oil (ISPO);
    b. Roundtable on Sustainable Palm Oil (RSPO); serta            b. Roundtable on Sustainable Palm Oil (RSPO); and
    c. Kepatuhan terhadap prinsip Hak Asasi Manusia (HAM).         c. Compliance with Human Rights (HR) principles.




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                                                                                     Corporate Social and Environmental Responsibility Aspects




Visi dan Misi TJSL
                                                                                                      SER Vision and Mission




   Visi                                                     “Berkah untuk Lingkungan Sekitarnya”
  Vision                                                     “Blessing for the Surrounding Environment”


                               Visi ini mencerminkan komitmen SSMS untuk menjadi perusahaan yang membawa
                               dampak positif, memberikan manfaat yang signifikan bagi masyarakat dan lingkungan
                               sekitar, serta menciptakan harmoni antara kegiatan usaha dan keberlanjutan.

                               This vision reflects SSMS’s commitment to becoming a company that generates
                               positive impact, delivers meaningful benefits to the surrounding communities and
                               environment, and creates harmony between business operations and sustainability.




  Misi
                               •   Melaksanakan komitmen perusahaan atas tanggung                 •    To implement the company’s commitment to social
                                   jawab sosial dan lingkungan yang akan memberikan                    and environmental responsibility, delivering added
                                   nilai tambah kepada semua pemangku kepentingan.                     value to all stakeholders.
 Mission                       •   Menciptakan hubungan harmonis yang mendukung                   •    To establish harmonious relationships that support
                                   perkembangan komunitas sekitar, seimbang dengan                     the development of surrounding communities in
                                   pertumbuhan perusahaan.                                             balance with the company’s growth.
                               •   Melaksanakan tanggung jawab sosial perusahaan                  •    To carry out corporate social responsibility to
                                   untuk pembangunan masyarakat yang berkelanjutan.                    promote sustainable community development.
                               •   Membantu pemerintah Indonesia dalam                            •    To support the Indonesian government in improving
                                   meningkatkan kesejahteraan masyarakat.                              community welfare.
                               •   Membangun hubungan yang harmonis dan kondusif                  •    To foster harmonious and constructive relationships
                                   dengan semua pemangku kepentingan (stakeholder)                     with all stakeholders to support the company’s
                                   untuk mendukung perkembangan dan reputasi                           growth and reputation.
                                   perusahaan.




Kriteria Pelaksanaan TJSL
                                                                               Criteria for SER Implementation
Tiga kriteria utama menjadi pedoman dalam memastikan efektivitas pelaksanaan program TJSL SSMS:
Three key criteria serve as guidelines to ensure the effectiveness of SSMS's SER programs:


                                                        Program     dirancang     dan    dijalankan      Programs are designed and implemented
                     Tepat Sasaran                      berdasarkan kebutuhan nyata masyarakat           based on the actual needs of local
                     On Target                          dan komunitas sekitar, sehingga manfaatnya       communities, ensuring the benefits are
                                                        dapat dirasakan langsung oleh penerima.          directly felt by the recipients.


                                                        Setiap program memiliki dampak yang positif      Each program delivers positive and
                     Bermanfaat                         dan relevan, baik secara sosial, ekonomi,        relevant impacts socially, economically, and
                     Helpful                            maupun lingkungan, yang mendukung                environmentally supporting improvements in
                                                        peningkatan kualitas hidup masyarakat.           the quality of life of the community.


                                                        Program-program TJSL dirancang untuk             SER programs are designed to create
                     Berkelanjutan                      memberikan dampak jangka panjang, dengan         long-term impact, with a focus on
                                                        fokus pada keberlanjutan guna memastikan         sustainability to ensure that benefits continue
                     Sustainable
                                                        manfaat yang terus dirasakan oleh masyarakat     to be experienced by the community and the
                                                        dan lingkungan dari waktu ke waktu.              environment over time.




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Program TJSL 2024
                                                                                           2024 SER Program


Perseroan berperan dalam meningkatkan kualitas dan             The Company plays an active role in improving the quality
kesejahteraan masyarakat melalui program TJSL. Sebagai         of life and welfare of the community through its social and
salah satu pemangku kepentingan utama, masyarakat memiliki     environmental responsibility (SER) programs. As one of the
peran dalam mendukung keberlanjutan bisnis Perseroan. Oleh     Company’s key stakeholders, the community contributes
karena itu, melalui program TJSL, Perseroan berkomitmen        to supporting the sustainability of the Company’s business.
untuk tumbuh secara berkelanjutan bersama masyarakat.          Therefore, through SER programs, the Company is committed
                                                               to achieving sustainable growth together with the community.


Sepanjang tahun 2024, Perseroan telah menyusun dan             Throughout 2024, the Company has developed and implemented
melaksanakan program TJSL yang terbagi ke dalam 6 pilar        SER programs under six main pillars:
utama, yaitu:
1. Sosial Budaya;                                              1.   Socio-Cultural;
2. Pendidikan;                                                 2.   Education;
3. Kesehatan;                                                  3.   Health;
4. Pelestarian Lingkungan Hidup;                               4.   Environmental Conservation;
5. Infrastruktur; dan                                          5.   Infrastructure; and
6. Pemberdayaan Masyarakat.                                    6.   Community Empowerment.


Realisasi anggaran TJSL untuk 6 pilar tersebut mencapai        The total SER budget realization for these six pillars reached
Rp23,83 miliar, mencakup 911 kegiatan dengan penerima          Rp23.83 billion, covering 911 activities and benefiting 47 villages
manfaat sebanyak 47 desa dan 616.128 individu.                 and 616,128 individuals.



Pilar Sosial Budaya                                            Social and Cultural Pillar

Sebagai salah satu komponen utama dalam program TJSL           As one of the key components of SSMS’s SER programs, the
SSMS, Pilar Sosial Budaya dirancang untuk mendukung            Social and Cultural Pillar is designed to support community
kesejahteraan masyarakat serta memperkuat nilai-nilai sosial   welfare and strengthen local social and cultural values. This
dan budaya lokal. Program ini berperan dalam meringankan       program plays a role in easing the burden on the community
beban masyarakat sekaligus berkontribusi terhadap pencapaian   while contributing to the achievement of the SDGs, particularly:
TPB, khususnya:




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




Sepanjang tahun 2024, SSMS telah merealisasikan anggaran                        Throughout 2024, SSMS has allocated Rp25.6 billion for various
sebesar Rp25,6 miliar untuk berbagai program di bawah Pilar                     programs under the Social and Cultural Pillar, which include:
Sosial Budaya, yang mencakup:


                                                               Bantuan Sembako
                                                                Food Assistance

 Menjelang hari-hari besar keagamaan, SSMS dan Entitas Anak kembali         In preparation for major religious celebrations, SSMS and its Subsidiaries
 melaksanakan Program Dukungan Sosial Masyarakat sebagai bagian             once again carried out the Community Social Support Program as part of
 dari komitmen dalam mendukung kesejahteraan masyarakat sekitar.            their commitment to supporting the welfare of surrounding communities.
 Program ini bertujuan untuk membantu memenuhi kebutuhan pokok,             This program aims to help meet basic needs, particularly for those in
 terutama bagi masyarakat yang membutuhkan.                                 need.

 Pada tahun 2024, SSMS menyalurkan 500 ton beras dan 100.000 liter          In 2024, SSMS distributed 500 tons of rice and 100,000 liters of cooking oil
 minyak goreng kepada lebih dari 50.000 jiwa di 186 desa/kelurahan          to more than 50,000 people across 186 villages/sub-districts throughout
 di seluruh Kalimantan Tengah. Program ini menjadi salah satu wujud         Central Kalimantan. This program reflects SSMS’s care and commitment
 kepedulian SSMS dalam memberikan manfaat nyata bagi masyarakat,            to delivering tangible benefits to the community, especially during
 terutama di momen penting seperti hari raya.                               important moments such as religious celebrations.

 Bantuan ini diharapkan dapat meringankan beban ekonomi masyarakat          This assistance is expected to ease the economic burden on the community
 dan membawa kebahagiaan di hari raya. SSMS terus berupaya                  and bring joy during the religious celebrations. SSMS continues to improve
 meningkatkan efektivitas program ini dengan menjalin komunikasi aktif      the effectiveness of this program by maintaining active communication
 dengan masyarakat guna memastikan program yang dijalankan selaras          with the community to ensure that the programs carried out align with
 dengan kebutuhan mereka.                                                   their needs.

                                                               Program Tim Desa
                                                             Village Team Program

 Program Tim Desa merupakan kelompok perwakilan masyarakat yang             The Village Team Program is a community representative group
 dibentuk oleh SSMS untuk menjembatani komunikasi antara perusahaan         established by SSMS to facilitate communication between the company
 dan komunitas lokal. Tim ini berperan penting dalam memastikan             and local communities. This team plays a key role in ensuring sustainable
 pembangunan desa berjalan secara berkelanjutan, sekaligus menjadi          village development while serving as a platform for the community to voice
 wadah bagi masyarakat untuk menyampaikan aspirasi mereka kepada            their aspirations to the company. Its presence forms a solid foundation for
 perusahaan. Keberadaannya menjadi fondasi utama dalam membangun            building harmonious and productive relationships between the company
 hubungan yang harmonis dan produktif antara perusahaan dan                 and the communities within its operational areas.
 masyarakat di sekitar wilayah operasional.

 Program ini bertujuan untuk:                                               This program aims to:
 • Mendorong pembangunan desa yang berkelanjutan;                           • Encourage sustainable village development;
 • Menampung dan menyampaikan aspirasi masyarakat kepada                    • Gather and convey community aspirations to the company; and
     perusahaan; serta
 • Mendukung koordinasi berbagai kegiatan sosial di desa.                   •     Support the coordination of various social activities within the village.

 Komposisi Tim Desa terdiri dari tokoh masyarakat, tokoh adat, perangkat    The Village Team is composed of community leaders, traditional leaders,
 desa, serta perwakilan lain yang dapat menyuarakan kepentingan             village officials, and other representatives who can voice the interests of
 masyarakat. Keterlibatan berbagai elemen ini memastikan aspirasi yang      the community. The involvement of these various elements ensures that
 disampaikan representatif dan mencerminkan kebutuhan riil komunitas        the aspirations conveyed are representative and reflect the actual needs
 lokal.                                                                     of the local community.

 Sepanjang tahun 2024, sebanyak 229 anggota Tim Desa berkontribusi          Throughout 2024, a total of 229 Village Team members made significant
 secara signifikan dalam mendukung program TJSL SSMS. Dengan                contributions in supporting SSMS’s SER programs. Through the Village
 adanya Tim Desa, perusahaan dapat melaksanakan program tanggung            Team, the company is able to implement its social responsibility programs
 jawab sosial secara lebih efektif dan efisien, karena memiliki pemahaman   more effectively and efficiently by gaining a deeper understanding of the
 yang lebih baik mengenai kebutuhan serta prioritas masyarakat lokal.       needs and priorities of local communities. At the same time, for the
 Di sisi lain, bagi masyarakat, Tim Desa menjadi saluran komunikasi         community, the Village Team serves as a communication channel that
 yang memastikan bahwa pembangunan yang dilakukan sejalan dengan            helps ensure development efforts align with their expectations.
 harapan mereka.




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                                                           Bantuan Hewan Qurban
                                                          Qurban Animal Assistance

Dalam rangka merayakan Hari Raya Idul Adha 1445 H, SSMS kembali             In celebration of Eid al-Adha 1445 H, SSMS once again carried out the
melaksanakan Program Bantuan Hewan Kurban sebagai bentuk                    Qurban Animal Assistance Program as part of the company’s commitment
komitmen perusahaan dalam berbagi kebahagiaan dan keberkahan                to sharing joy and blessings with surrounding communities. In 2024,
dengan masyarakat sekitar. Pada tahun 2024, SSMS menyalurkan 120            SSMS distributed 120 cows to communities in need across 8 regencies
ekor sapi kepada masyarakat yang membutuhkan di 8 kabupaten dan             and 1 city in Central Kalimantan. The qurban animals were provided to
1 kota di Kalimantan Tengah. Hewan kurban tersebut didistribusikan          underprivileged communities, Islamic boarding schools (pesantren), and
kepada masyarakat kurang mampu, pondok pesantren, serta kelompok            other vulnerable groups to ensure broader benefits.
rentan lainnya untuk memastikan manfaat yang lebih luas.

Program ini bertujuan untuk:                                                This program aims to:
1. Membantu masyarakat kurang mampu dalam melaksanakan ibadah               1. Support underprivileged communities in performing qurban worship;
    kurban;
2. Meningkatkan rasa solidaritas dan kepedulian sosial; serta               2.   Strengthen social solidarity and compassion; and
3. Membantu pemenuhan kebutuhan protein hewani masyarakat.                  3.   Help meet the community’s need for animal protein.

Perseroan    berharap    program   ini dapat berlanjut secara               The Company hopes this program will continue sustainably and bring even
berkesinambungan dan memberikan manfaat yang lebih besar bagi               greater benefits to the community in the years to come.
masyarakat di tahun-tahun mendatang.

                                                      Silaturahmi “Berkah Ramadhan”
                                                     “Blessings of Ramadan” Gathering

Setiap tahun, Perseroan secara konsisten melaksanakan program ini di        Each year, the Company consistently holds this program in Kotawaringin
Kabupaten Kotawaringin Barat sebagai bentuk nyata komitmen dalam            Barat Regency as a tangible commitment to strengthening the relationship
mempererat tali silaturahmi dengan masyarakat sekitar. Kegiatan ini         with the surrounding community. This event serves as an important
menjadi momen penting, terutama di bulan Ramadhan yang penuh                moment, especially during the blessed month of Ramadhan, to reinforce
berkah, untuk memperkuat hubungan antara perusahaan, karyawan,              relationships between the company, employees, government officials, and
pejabat pemerintah, serta masyarakat setempat.                              local residents.

Ribuan warga, tokoh masyarakat, tokoh agama, dan pejabat pemerintah         Thousands of community members, local leaders, religious figures, and
turut hadir dalam acara ini, menjadikannya wadah yang mempererat            government officials participate in this gathering, making it a platform
kebersamaan dan membangun hubungan harmonis. Lebih dari sekadar             for fostering togetherness and building harmonious relationships. More
agenda rutin, program ini mencerminkan kehadiran dan kepedulian             than just a routine agenda, this program reflects the company’s presence
perusahaan dalam mendukung serta berkontribusi bagi lingkungan              and care in supporting and contributing to the surrounding environment.
sekitar.

                                         Partisipasi PHBI, PHBN, dan Pelestarian Adat Budaya
                                    Participation in PHBI, PHBN, and Cultural Heritage Preservation

Sebagai bagian dari masyarakat yang menjunjung tinggi nilai-nilai           As part of a community that upholds strong religious values and
keagamaan dan nasionalisme, SSMS turut berpartisipasi aktif dalam           nationalism, SSMS actively participated in the celebrations of Islamic
perayaan Hari Besar Islam (PHBI) dan Hari Besar Nasional (PHBN)             Holidays (PHBI) and National Holidays (PHBN) throughout 2024. This
sepanjang tahun 2024. Partisipasi ini menjadi wujud nyata komitmen          participation reflects the company’s commitment to strengthening
perusahaan dalam mempererat tali silaturahmi dengan masyarakat serta        community relationship and contributing positively to the nation.
berkontribusi positif bagi bangsa dan negara.

Dalam rangka memperingati PHBI dan PHBN, SSMS mengadakan                    To commemorate PHBI and PHBN, SSMS organized various social and
berbagai kegiatan sosial dan keagamaan, di antaranya:                       religious activities, including:
• Partisipasi Perayaan Natal dan Tahun Baru;                                • Participation in Christmas and New Year celebrations;
• Perayaan Kegiatan Maulid Nabi;                                            • Maulid Nabi (Prophet Muhammad’s Birthday) celebration;
• Perayaan Pelaksanaan Musabaqah Tilawatil Quran (MTQ) XII;                 • The 12th Musabaqah Tilawatil Quran (MTQ) event;
• Perayaan Pesta Paduan Suara Gerejawi (Pesparawi) XVII;                    • The 17th Church Choir Festival (Pesparawi);
• Perayaan Dirgahayu Republik Indonesia; serta                              • Indonesian Independence Day celebration; and
• Kegiatan Malam Budaya Nusantara.                                          • Nusantara Cultural Night.

Melalui kegiatan ini, Perseroan berharap dapat terus berperan aktif dalam   Through these activities, the Company hopes to continue playing an active
membangun kebersamaan serta memperkuat nilai-nilai keberagaman              role in fostering togetherness and reinforcing the values of diversity and
dan persatuan di tengah masyarakat.                                         unity within the community.




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                                                   Bantuan Masyarakat Kurang mampu
                                               Assistance for Underprivileged Communities

 Sebagai wujud kepedulian terhadap masyarakat sekitar, Perseroan          As a form of care for the surrounding community, the Company
 secara konsisten menyalurkan bantuan berupa dana tunai dan paket         consistently provides assistance in the form of cash donations and
 sembako kepada keluarga kurang mampu. Program ini merupakan              staple food packages to underprivileged families. This program is part of
 bagian dari komitmen perusahaan dalam mendukung kesejahteraan            the company’s commitment to supporting community welfare in a
 masyarakat secara berkelanjutan serta membantu meringankan beban         sustainable manner and helping to ease the economic burden of those
 ekonomi mereka yang membutuhkan.                                         in need.

 Pada tahun 2024, Perseroan menyalurkan bantuan rutin setiap bulan        In 2024, the Company provided monthly assistance to 97 beneficiaries,
 kepada 97 penerima manfaat dengan total dana sebesar Rp707,2 juta        with a total distribution of Rp707.2 million throughout the year.
 sepanjang tahun. Bantuan ini diharapkan dapat memberikan dampak          This assistance is expected to have a positive impact on recipients,
 positif bagi penerima, terutama dalam memenuhi kebutuhan sehari-hari.    particularly in helping to meet their daily needs.

 Perseroan meyakini bahwa keberlangsungan usaha harus selaras             The Company believes that business sustainability must be aligned
 dengan kontribusi sosial yang nyata. Oleh karena itu, program ini akan   with meaningful social contributions. Therefore, this program
 terus dijalankan sebagai bagian dari tanggung jawab sosial perusahaan.   will continue to be implemented as part of the Company’s social
 Melalui inisiatif ini, Perseroan berharap dapat memberikan manfaat       responsibility. Through this initiative, the Company hopes to deliver
 yang lebih luas serta berkontribusi dalam meningkatkan kualitas hidup    broader benefits and contribute to improving the community’s quality
 masyarakat secara berkelanjutan.                                         of life in a sustainable way.



Dampak Positif                                                              Positive Impact
Program-program sosial dan budaya yang diinisiasi oleh                      The social and cultural programs initiated by the Company
Perseroan telah memberikan dampak positif bagi masyarakat                   have delivered positive impacts for both the community and
serta lingkungan sekitar. Beberapa manfaat utama yang telah                 the surrounding environment. Some of the key benefits achieved
dicapai antara lain:                                                        include:
1. Peningkatan kesejahteraan ekonomi masyarakat;                            1. Improved economic welfare of the community;
2. Penguatan kapasitas masyarakat dalam pembangunan desa;                   2. Strengthened community capacity in village development;
3. Meningkatkan kesadaran akan pentingnya nilai-nilai                       3. Increased awareness of the importance of religious values
    keagamaan dan nasionalisme;                                                 and nationalism;
4. Terjalinnya hubungan yang harmonis antara perusahaan                     4. Harmonious          relationships  established      between
    dan masyarakat;                                                             the company and the community;
5. Terciptanya lingkungan yang lebih lestari dan berkelanjutan;             5. The creation of a more sustainable and environmentally
    serta                                                                       friendly setting; and
6. Membina masyarakat yang damai, adil, dan inklusif yang                   6. Fostering a peaceful, just, and inclusive society free from
    bebas dari rasa takut dan kekerasan.                                        fear and violence.


Perseroan berkomitmen untuk terus mengembangkan dan                         The Company is committed to continuously developing and
memperluas program sosial budaya sebagai bagian dari                        expanding its social and cultural programs as part of its
tanggung jawabnya terhadap masyarakat dan lingkungan. SSMS                  responsibility to the community and the environment. SSMS
meyakini bahwa investasi dalam masyarakat dan lingkungan                    believes that investing in the community and the environment is
bukan hanya bentuk kepedulian, tetapi juga investasi bagi masa              not only an act of care but also an investment in a better future.
depan yang lebih baik.


Pilar Sosial Budaya menjadi bagian integral dari strategi                   The Social and Cultural Pillar is an integral part of SSMS’s
bisnis SSMS. Melalui berbagai program yang berfokus                         business strategy. Through various programs focused on
pada pengentasan kemiskinan, pemberdayaan masyarakat,                       poverty alleviation, community empowerment, equality,
kesetaraan, pembangunan komunitas berkelanjutan, dan                        sustainable community development, and cultural preservation,
pelestarian budaya, SSMS berkontribusi secara signifikan                    SSMS contributes significantly to improving the quality of life for
terhadap peningkatan kualitas hidup masyarakat dan                          the community and protecting the environment.
pelestarian lingkungan.




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Pilar Pendidikan                                                           Education Pillar

Pilar Pendidikan merupakan salah satu prioritas utama                      The Education Pillar is one of the key priorities in SER program
dalam program TJSL SSMS. Program ini bertujuan untuk                       of SSMS. This initiative aims to enhance the quality of education
meningkatkan kualitas pendidikan bagi masyarakat di                        for communities surrounding the company’s operational areas.
sekitar wilayah operasional perusahaan. Dengan fokus pada                  By focusing on improving both access to and quality of education,
peningkatan akses dan mutu pendidikan, SSMS berharap dapat                 SSMS strives to support the development of communities
menciptakan masyarakat yang lebih mandiri secara ekonomi                   that are more economically and socially self-sufficient. This
dan sosial. Inisiatif ini sejalan dengan komitmen perusahaan               commitment is aligned with the company’s support for achieving
terhadap pencapaian TPB, khususnya dalam aspek:                            the SDGs, particularly in the following areas:




Pada tahun 2024, SSMS telah mengalokasikan anggaran                        In 2024, SSMS has allocated a budget of Rp11.5 billion to support
sebesar Rp11,5 miliar untuk mendukung berbagai program                     various education programs. These initiatives include the 14-
pendidikan. Inisiatif ini mencakup Fasilitas Pendidikan Gratis             Year Free Education Facility, Village Assistant Teachers, and
14 Tahun, Guru Bantu Desa, dan Beasiswa Pendidikan. Berikut                Educational Scholarships. A detailed report of each program is
adalah laporan rinci dari masing-masing program.                           provided below.


                                                   Fasilitas Pendidikan Gratis 14 Tahun
                                                     14-Year Free Education Facility

 Perseroan menyadari bahwa pendidikan dasar yang berkualitas             The Company realizes that quality basic education is a fundamental
 merupakan fondasi utama dalam membangun generasi masa depan.            foundation for building future generations. Therefore, SSMS provides
 Oleh karena itu, SSMS menyediakan fasilitas pendidikan gratis selama    14 years of free education, starting from Early Childhood Education
 14 tahun, mulai dari Pendidikan Anak Usia Dini (PAUD) hingga Sekolah    (PAUD) through to Senior High School/Vocational School (SMA/SMK).
 Menengah Atas (SMA/SMK). Program ini tidak hanya diperuntukkan          This program is available not only for the children of the company’s
 bagi anak-anak karyawan perusahaan tetapi juga bagi masyarakat desa     employees but also for the surrounding village communities.
 sekitar.

 Capaian 2024:                                                           2024 Achievements:
 • Jumlah Gedung Sekolah                                                 • Number of School Buildings
     Hingga akhir tahun 2024, SSMS telah mendirikan 20 gedung sekolah,       By the end of 2024, SSMS has constructed 20 school buildings,
     yang terdiri dari:                                                      consisting of:
     -   11 bangunan Taman Kanak-Kanak (TK) untuk pendidikan anak            –   11 Kindergarten (TK) buildings for early childhood education;
         usia dini;
     -   6 bangunan Sekolah Dasar (SD) untuk pendidikan dasar;               –  6 Elementary School (SD) buildings for basic education;
     -   2 bangunan Sekolah Menengah Pertama (SMP); serta                    –  2 Junior High School (SMP) buildings; and
     -   1 bangunan Sekolah Menengah Atas (SMA/SMK).                         –  1 Senior High School/Vocational School (SMA/SMK) building.
 • Jumlah Siswa dan Guru                                                 • Number of Students and Teachers
     -   Sebanyak 2.621 siswa aktif menempuh pendidikan di sekolah-          –  A total of 2,621 active students are currently enrolled in these
         sekolah ini. Mereka berasal dari anak-anak karyawan                    schools, consisting of both employees’ children and children
         perusahaan maupun masyarakat desa sekitar; serta                       from the surrounding village communities; and
     -   SSMS juga menyediakan 165 tenaga pendidik dan tenaga                –  SSMS also provides 165 teaching and administrative staff to
         kependidikan, yang berperan dalam memastikan kualitas                  ensure the delivery of quality education.
         pembelajaran tetap optimal.
 • Fasilitas Pendukung                                                   • Supporting Facilities
     Untuk mendukung kegiatan belajar-mengajar, SSMS menyediakan             To support teaching and learning activities, SSMS provides additional
     berbagai fasilitas tambahan, seperti:                                   facilities, including:
     -   Perumahan guru untuk meningkatkan kesejahteraan tenaga              –     Housing for teachers to improve the welfare of teaching staff;
         pengajar; serta                                                           and
     -   Transportasi antar-jemput berupa bus sekolah guna memastikan        –     School bus transportation to provide students with easier access
         akses pendidikan yang lebih mudah bagi para siswa.                        to education.

 Melalui program ini, SSMS berkomitmen untuk meningkatkan akses          Through this program, SSMS is committed to improving equal access to
 pendidikan yang merata bagi masyarakat lokal, khususnya di wilayah      education for local communities, particularly in remote areas with limited
 terpencil yang masih minim infrastruktur pendidikan.                    educational infrastructure.




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                                                                Guru Bantu Desa
                                                       Village Assistant Teacher Program

 Dalam upaya meningkatkan kualitas pengajaran di desa-desa sekitar,          As part of its efforts to improve the quality of education in surrounding
 SSMS menjalankan Program Guru Bantu Desa. Program ini bertujuan             villages, SSMS implements the Village Assistant Teacher Program. This
 untuk memberikan dukungan tenaga pengajar di daerah yang masih              program aims to provide teaching support in areas experiencing teacher
 kekurangan guru serta memastikan kelangsungan pendidikan yang               shortages while ensuring the continuity of quality education for local
 berkualitas bagi masyarakat sekitar.                                        communities.

 Capaian 2024:                                                               2024 Achievements:
 • Jumlah Guru Bantu                                                         • Number of Assistant Teachers
     Pada tahun 2024, terdapat 148 guru bantu yang tersebar di berbagai          In 2024, a total of 148 assistant teachers were assigned across
     desa di sekitar wilayah operasional perusahaan.                             various villages within the company’s operational areas.
 • Bentuk Dukungan                                                           • Forms of Support
     Untuk memastikan kesejahteraan dan pengembangan kompetensi                  To ensure the welfare and professional development of teaching staff,
     tenaga pengajar, SSMS memberikan berbagai bentuk dukungan,                  SSMS provides various forms of support, including:
     antara lain:
     -   Insentif bulanan, termasuk Tunjangan Hari Raya (THR), guna              –    Monthly incentives, including a Religious Holiday Allowance
         meningkatkan kesejahteraan para guru bantu.                                  (THR), to enhance the welfare of assistant teachers
     -   Program pelatihan, yang dirancang untuk meningkatkan                    –    Training programs designed to improve teaching skills and
         keterampilan mengajar dan mendidik agar para guru mampu                      educational practices, enabling teachers to deliver higher-
         memberikan pendidikan yang lebih baik kepada siswa.                          quality education to students.

 Program Guru Bantu Desa memberikan dampak berkelanjutan dengan              The Village Assistant Teacher Program creates long-term impact by
 meningkatkan kualitas pendidikan di wilayah pedesaan sekaligus              improving the quality of education in rural areas while empowering local
 memberdayakan tenaga pendidik lokal. Sepanjang tahun 2024, program          educators. Throughout 2024, this program was carried out with a total
 ini telah direalisasikan dengan total biaya sebesar Rp955,5 juta.           cost of Rp955.5 million.

                                                              Beasiswa Pendidikan
                                                              Education Scholarship

 Sebagai bentuk kepedulian terhadap pendidikan dan pengembangan              As part of its commitment to education and human resource development,
 sumber daya manusia, SSMS memberikan perhatian khusus kepada                SSMS places special focus on supporting talented students with a strong
 anak-anak berbakat yang memiliki semangat tinggi untuk melanjutkan          drive to pursue higher education. Through the Scholarship Program,
 pendidikan ke jenjang yang lebih tinggi. Melalui Program Beasiswa, SSMS     SSMS assists students from underprivileged families, enabling them to
 mendukung siswa dari keluarga kurang mampu agar dapat mengejar              achieve their aspirations without financial constraints. This program is a
 cita-cita mereka tanpa terkendala keterbatasan finansial. Program ini       tangible demonstration of the company’s dedication to creating a more
 menjadi wujud nyata komitmen perusahaan dalam menciptakan generasi          competitive generation ready to contribute to society.
 yang lebih berdaya saing dan siap berkontribusi bagi masyarakat.

 Capaian 2024:                                                               2024 Achievements:
 • Penerima Beasiswa                                                         • Scholarship Recipients
     Pada tahun 2024, sebanyak 30 mahasiswa menerima beasiswa penuh              In 2024, SSMS awarded full scholarships to 30 university students.
     dari SSMS. Beasiswa ini mencakup biaya pendidikan, pemondokan,              The scholarship covers tuition fees, accommodation, living expenses,
     biaya hidup, serta bantuan untuk kebutuhan akademik seperti buku,           and support for academic needs such as books, final projects, and
     tugas akhir, dan biaya wisuda. Dengan cakupan yang komprehensif,            graduation fees. With this comprehensive coverage, the program
     program ini memberikan kemudahan bagi para penerima untuk                   allows recipients to focus on their studies without the burden of
     fokus pada studi mereka tanpa terbebani oleh biaya pendidikan.              financial limitations. This full support is expected to boost students’
     Dukungan penuh ini diharapkan dapat meningkatkan motivasi dan               motivation and academic performance.
     prestasi akademik para mahasiswa.
 • Kemitraan dengan Perguruan Tinggi                                         •   Partnerships with Universities
     SSMS menjalin kerja sama dengan 14 perguruan tinggi terkemuka di            SSMS has established partnerships with 14 leading universities in
     Indonesia guna memastikan pendidikan berkualitas bagi penerima              Indonesia to ensure quality education for scholarship recipients.
     beasiswa. Beberapa perguruan tinggi mitra meliputi Universitas              Partner universities include Pangkalan Bun Open University,
     Terbuka Pangkalan Bun, Universitas Palangkaraya, Politeknik LPP             Palangkaraya University, LPP Polytechnic Yogyakarta, Brawijaya
     Yogyakarta, Universitas Brawijaya, Universitas Muhammadiyah Malang,         University, Muhammadiyah University of Malang, Antakusuma
     Universitas Antakusuma Pangkalan Bun, Universitas Tanjungpura,              University of Pangkalan Bun, Tanjungpura University, and
     dan Universitas Muhammadiyah Yogyakarta. Pilihan program studi              Muhammadiyah University of Yogyakarta. The supported study
     yang didukung mencakup berbagai bidang strategis, seperti Planologi,        programs cover various strategic fields such as Urban and Regional
     Agroteknologi, Teknologi Bioproses, Teknik Informatika, Agribisnis,         Planning, Agrotechnology, Bioprocess Technology, Informatics
     Akuntansi, Teknik Sipil, hingga Sastra Indonesia. Dengan ragam bidang       Engineering, Agribusiness, Accounting, Civil Engineering, and
     studi ini, SSMS berharap dapat mencetak tenaga profesional yang             Indonesian Literature. With this diverse range of fields, SSMS aims
     dibutuhkan di berbagai sektor industri.                                     to develop professionals needed across multiple industry sectors.

 Sejak pertama kali diluncurkan pada tahun 2012, Program Beasiswa SSMS       Since its launch in 2012, the SSMS Scholarship Program has provided
 telah memberikan manfaat besar bagi ratusan mahasiswa. Hingga tahun         significant benefits to hundreds of students. By 2024, more than 183
 2024, lebih dari 183 penerima beasiswa telah berhasil menyelesaikan         scholarship recipients have successfully completed their education. Many
 pendidikan mereka. Banyak di antara mereka yang kemudian bergabung          of them have joined SSMS as Management Trainees, demonstrating the
 sebagai Management Trainee di SSMS, membuktikan keberhasilan                program’s success in developing high-quality human resources. Beyond
 program ini dalam mencetak sumber daya manusia yang berkualitas.            supporting participants’ education, the program has a long-term impact
 Program ini tidak hanya mendukung pendidikan para peserta, tetapi           by producing professional talent that contributes to industrial growth and
 juga memberikan dampak jangka panjang dalam menciptakan tenaga              community development.
 kerja profesional yang berkontribusi pada pembangunan industri dan
 masyarakat secara keseluruhan.




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 Melalui program beasiswa ini, SSMS menegaskan komitmennya                 Through this scholarship program, SSMS reinforces its commitment to
 dalam mendukung pendidikan generasi muda serta pembangunan                supporting youth education and sustainable development. By continuously
 berkelanjutan. Dengan terus memperluas jangkauan dan cakupan              expanding the program’s reach and coverage, SSMS hopes to create
 program, SSMS berharap dapat menciptakan lebih banyak peluang             greater educational opportunities for the nation’s youth and help build a
 pendidikan bagi anak-anak bangsa serta mewujudkan masa depan yang         brighter future for them and the surrounding communities.
 lebih baik bagi mereka dan komunitas di sekitarnya.

                      Bantuan Sarana Pendidikan dan Peningkatan Kualitas Pendidik dan Tenaga Kependidikan
                      Educational Facilities Assistance and Enhancement of Educators and Education Personnel

 Perseroan kembali menunjukkan komitmennya terhadap dunia                  The Company continues to demonstrate its commitment to education
 pendidikan melalui Program Bantuan Sarana Pendidikan 2024. Program        through the 2024 Educational Facilities Assistance Program. This
 ini merupakan bagian dari TJSL yang bertujuan untuk meningkatkan          initiative is part of the SER program, aiming to improve the quality of
 kualitas pendidikan di wilayah operasional perusahaan. Tahun ini,         education within the company’s operational areas. This year, the program
 program difokuskan pada penyediaan sarana dan prasarana pendidikan        focuses on providing educational facilities and infrastructure support
 bagi sekolah-sekolah di sekitar wilayah operasional perusahaan, seperti   to schools around the company’s operations, including contributions
 bantuan pembangunan Sekolah Alam Kamala Bayangkari Daerah                 for the construction of Kamala Bayangkari Nature School in Central
 Kalimantan Tengah, biaya operasional SDN 5 Madurejo, dan bantuan          Kalimantan, operational funding for Madurejo 5 Public Elementary School
 perbaikan halaman SDN Budi Mufakat, dengan total biaya sebesar Rp1,58     (SDN 5 Madurejo), and courtyard improvements for Budi Mufakat Public
 miliar.                                                                   Elementary School (SDN Budi Mufakat), with a total cost of Rp1.58 billion.

 Program Bantuan Sarana Pendidikan 2024 tidak hanya berfokus pada          The 2024 Educational Facilities Assistance Program not only focuses on
 pembangunan infrastruktur pendidikan, tetapi juga pada peningkatan        the development of educational infrastructure but also prioritizes the
 kualitas tenaga pengajar dan pengembangan keterampilan siswa. SSMS        improvement of teacher quality and student skill development. SSMS
 menyadari bahwa kualitas pendidikan tidak hanya bergantung pada sarana    recognizes that the quality of education relies not only on adequate
 yang tersedia, tetapi juga pada kompetensi tenaga pendidik dan kesiapan   facilities but also on the competence of educators and the preparedness of
 siswa menghadapi masa depan. Oleh karena itu, SSMS berkolaborasi          students to face the future. Therefore, SSMS collaborates with education
 dengan tenaga ahli pendidikan untuk memberikan berbagai pelatihan,        experts to provide various training programs, including innovative
 di antaranya pelatihan metode pengajaran yang inovatif bagi para guru     teaching method workshops for teachers to enhance the effectiveness of
 guna meningkatkan efektivitas proses belajar-mengajar dan pelatihan       the learning process, as well as life skills training for students to equip
 keterampilan hidup (life skills) bagi siswa, agar mereka memiliki bekal   them with the tools needed to face future challenges.
 untuk menghadapi tantangan di masa depan.

 Pelaksanaan Program Bantuan Sarana Pendidikan 2024 mendapatkan            The implementation of the 2024 Educational Facilities Assistance Program
 sambutan positif dari masyarakat dan pemerintah daerah. Masyarakat        has been well received by both the community and local government.
 merasa sangat terbantu dengan adanya program ini, karena meringankan      Communities have expressed their appreciation for the program, as
 beban mereka dalam menyediakan kebutuhan pendidikan bagi anak-            it eases their burden in providing educational needs for their children.
 anak mereka. Sementara itu, pemerintah daerah turut mengapresiasi         Meanwhile, the local government has also acknowledged and appreciated
 komitmen SSMS dalam mendukung peningkatan kualitas pendidikan di          SSMS’s commitment to supporting the improvement of education quality in
 wilayahnya. SSMS berharap program ini dapat memberikan kontribusi         the region. SSMS hopes this program will make a meaningful contribution
 yang nyata dalam meningkatkan kualitas pendidikan di Indonesia,           to improving the quality of education in Indonesia, particularly within the
 khususnya di wilayah operasional perusahaan. Selain itu, SSMS juga        company’s operational areas. In addition, SSMS hopes this program will
 berharap program ini dapat menjadi inspirasi bagi perusahaan lain untuk   serve as an inspiration for other companies to participate in contributing
 turut serta berkontribusi dalam dunia pendidikan.                         to the education sector.



Dampak dan Manfaat Program Pendidikan                                        Impact and Benefits of the Education Program
Program Pendidikan SSMS 2024 memberikan dampak positif                       The SSMS 2024 Education Program has delivered significant
yang signifikan bagi masyarakat, antara lain:                                positive impacts for the community, including:
1. Akses Pendidikan yang Lebih Baik                                          1. Better Access to Education
   Melalui Program Fasilitas Pendidikan Gratis, anak-anak                        Through the Free Education Facilities Program, children
   dari komunitas lokal mendapatkan kesempatan untuk                             from local communities have the opportunity to access
   mengakses pendidikan berkualitas tanpa terbebani biaya.                       quality education without the burden of costs.
2. Peningkatan Kualitas Pengajaran                                           2. Enhanced Quality of Teaching
   Program Guru Bantu Desa memastikan kelangsungan                               The Village Assistant Teacher Program ensures the
   pendidikan berkualitas di daerah yang sulit dijangkau.                        continuity of quality education in remote areas.
3. Pemberdayaan SDM Lokal                                                    3. Empowerment of Local Human Resources
   Beasiswa Pendidikan menciptakan generasi muda                                 The Education Scholarship Program develops a highly
   yang berpendidikan tinggi dan siap berkontribusi pada                         educated younger generation prepared to contribute to
   pembangunan daerah.                                                           regional development.
4. Peningkatan Kesejahteraan                                                 4. Improved Welfare
   Pendidikan yang lebih baik membuka lebih banyak peluang                       Better education opens up more opportunities for decent
   kerja yang layak, sehingga berdampak pada peningkatan                         employment, which in turn enhances the overall welfare of
   kesejahteraan masyarakat secara keseluruhan.                                  the community.




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Melalui Pilar Pendidikan dalam program TJSL 2024,                            Through the Education Pillar of the 2024 SER program, the
Perseroan telah menunjukkan komitmen nyata dalam                             Company has demonstrated a strong commitment to supporting
mendukung pengembangan sumber daya manusia di wilayah                        human resource development in its operational areas. With
operasionalnya. Dengan alokasi anggaran yang signifikan dan                  a significant budget allocation and programs tailored to local
program-program yang dirancang sesuai dengan kebutuhan                       needs, SSMS not only helps create more equitable access
lokal, SSMS tidak hanya membantu menciptakan akses                           to education but also contributes to sustainable community
pendidikan yang lebih merata tetapi juga berkontribusi terhadap              development.
pembangunan masyarakat yang berkelanjutan.


Program ini memperkuat sinergi antara perusahaan dan                         This program strengthens the synergy between the company
komunitas lokal, menciptakan generasi yang berdaya saing dan                 and local communities, fostering a competitive generation
siap menjadi pilar utama dalam pembangunan ekonomi dan                       ready to become a key pillar in future economic and social
sosial di masa depan.                                                        development.



Pilar Kesehatan                                                              Health Pillar

SSMS terus menunjukkan komitmen dalam meningkatkan                           SSMS continues to demonstrate its commitment to improving
kualitas kesehatan masyarakat di sekitar wilayah operasional                 the quality of public health in the communities surrounding its
perusahaan. Melalui Pilar Kesehatan, SSMS menjalankan                        operational areas. Through the Health Pillar, SSMS implements
berbagai program yang sejalan dengan TPB No. 3, yaitu                        various programs aligned with SDG No. 3, which aims to ensure
memastikan kehidupan yang sehat dan mendorong                                healthy lives and promote well-being for all at all ages.
kesejahteraan bagi semua orang di segala usia.


Pada tahun 2024, SSMS mengalokasikan anggaran sebesar                        In 2024, SSMS allocated a budget of Rp146 million for various
Rp146 juta untuk berbagai program kesehatan, yang mencakup:                  health programs, which include:


                                                   Pengobatan Gratis untuk Masyarakat
                                                Free Medical Treatment for the Community

 Sebagai bentuk kepedulian terhadap kesehatan masyarakat, SSMS             As part of its commitment to public health, SSMS provides free medical
 menyelenggarakan program pengobatan gratis melalui Poliklinik             treatment through the Plantation Clinic (Polibun). This program aims to
 Perkebunan (Polibun). Program ini bertujuan untuk memberikan akses        offer access to quality healthcare services for both company employees
 layanan kesehatan yang berkualitas bagi karyawan perusahaan maupun        and local communities, allowing them to receive proper medical care
 masyarakat sekitar, sehingga mereka dapat memperoleh perawatan            without the burden of medical expenses. In 2024, this free medical
 medis yang memadai tanpa terbebani biaya pengobatan. Pada tahun           treatment program benefited 67 inpatients and 1,064 outpatients.
 2024, program pengobatan gratis ini telah memberikan manfaat bagi 67
 pasien rawat inap dan 1.064 pasien rawat jalan.

 Untuk mendukung pelaksanaan program ini, SSMS mengalokasikan              To support the implementation of this program, SSMS allocated Rp90.2
 dana sebesar Rp90,2 juta, yang meningkat 96% dibandingkan tahun           million, representing a 96% increase compared to the previous year.
 sebelumnya. Peningkatan anggaran ini mencerminkan komitmen                This budget increase reflects the company’s commitment to expanding
 perusahaan dalam memperluas jangkauan layanan kesehatan serta             healthcare services and ensuring that every individual in need receives
 memastikan setiap individu yang membutuhkan dapat memperoleh              optimal medical care.
 pelayanan medis yang optimal.

 Ke depannya, SSMS akan terus mengembangkan program layanan                Going forward, SSMS will continue to develop this healthcare program to
 kesehatan ini agar dapat menjangkau lebih banyak masyarakat serta         reach more people while improving the quality of medical facilities and
 meningkatkan kualitas fasilitas dan layanan medis yang diberikan.         services provided. Through this initiative, it is hoped that community
 Dengan adanya inisiatif ini, diharapkan kesehatan masyarakat semakin      health will continue to improve, enabling people to live more productive
 terjaga, sehingga mereka dapat menjalani kehidupan yang lebih produktif   and prosperous lives.
 dan sejahtera.

                                                             Sunat Massal Gratis
                                                           Free Mass Circumcision

 Sebagai bagian dari kontribusi sosialnya, SSMS menyelenggarakan           As part of its social contribution, SSMS organized a free mass circumcision
 sunat massal gratis di 3 kabupaten, yaitu Kabupaten Kotawaringin          program across three regencies: Kotawaringin Barat Regency, Kapuas
 Barat, Kabupaten Kapuas dan Kabupaten Lamandau. Program ini diikuti       Regency, and Lamandau Regency. This program was attended by 55
 oleh 55 anak, baik dari keluarga karyawan maupun masyarakat sekitar       children from both employee families and surrounding communities.
 perkebunan. Dengan tujuan memberikan layanan kesehatan yang aman          Aiming to provide safe and comfortable healthcare services, this initiative
 dan nyaman, kegiatan ini juga bertujuan untuk meringankan beban           also helps ease the financial burden on families.
 ekonomi keluarga.




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 Untuk memastikan kelancaran pelaksanaan program, Perseroan               To ensure the smooth implementation of the program, the Company
 mengalokasikan anggaran sebesar Rp81,8 juta, yang mencakup               allocated a budget of Rp81.8 million, which covered the provision of
 Penyediaan tenaga medis profesional, perlengkapan sunat, serta           professional medical personnel, circumcision equipment, as well as
 makanan dan obat-obatan penunjang kesehatan. Dengan dukungan ini,        meals and supporting medications. With this support, it is hoped that
 diharapkan anak-anak dapat pulih lebih cepat dan tetap semangat dalam    the children can recover quickly and continue their daily activities with
 menjalani aktivitas sehari-hari.                                         enthusiasm.

 Sebagai bentuk apresiasi dan dukungan moral, SSMS juga memberikan        As a form of appreciation and moral support, SSMS also provided souvenirs
 suvenir dan uang saku kepada seluruh peserta. Melalui kegiatan ini,      and pocket money to all participants. Through this activity, the company
 perusahaan berharap dapat terus berkontribusi dalam meningkatkan         hopes to continue contributing to community welfare while strengthening
 kesejahteraan masyarakat serta mempererat hubungan dengan                its relationship with the local communities within its operational areas.
 komunitas di wilayah operasionalnya.

                                           Program Penanggulangan Gizi Rendah dan Stunting
                                            Low Nutrition and Stunting Prevention Program

 Dalam mendukung program pemerintah untuk menekan angka stunting          In support of the government’s initiative to reduce stunting rates in
 di Indonesia, SSMS menjalankan program pencegahan dan penurunan          Indonesia, SSMS implemented a stunting prevention and reduction
 angka stunting di tujuh desa yang tersebar di Kabupaten Kotawaringin     program across seven villages located in Kotawaringin Barat Regency,
 Barat, Kabupaten Pulang Pisau, dan Kabupaten Kapuas. Program ini         Pulang Pisau Regency, and Kapuas Regency. This program reached a
 menjangkau total 46 anak yang berasal dari Desa Natai Baru (13 anak),    total of 46 children from Natai Baru Village (13 children), Badirih Village
 Desa Badirih (9 anak), Desa Tahai Jaya (4 anak), Desa Belanti Siam       (9 children), Tahai Jaya Village (4 children), Belanti Siam Village
 (3 anak), Desa Gadabung (8 anak), Desa Pantik (4 anak), dan Desa Tahai   (3 children), Gadabung Village (8 children), Pantik Village (4 children), and
 Baru (5 anak).                                                           Tahai Baru Village (5 children).

 Untuk mendukung pertumbuhan dan perkembangan anak-anak tersebut,         To support the growth and development of these children, the company
 perusahaan mengalokasikan dana sebesar Rp29,7 juta guna menyediakan      allocated Rp29.7 million to provide additional nutrition in the form of
 tambahan nutrisi berupa susu formula dan multivitamin. Pemberian         formula milk and multivitamins. Nutritional support was given regularly
 nutrisi dilakukan secara rutin selama tiga bulan, dengan harapan dapat   over a three-month period, with the goal of improving the children’s
 meningkatkan asupan gizi dan kesehatan anak-anak sehingga mereka         nutritional intake and health, enabling them to grow healthier and more
 dapat tumbuh dengan lebih sehat dan optimal.                             optimally.

 Pelaksanaan program ini dilakukan melalui kerja sama dengan              The program was carried out in collaboration with the District Health
 Dinas Kesehatan Kabupaten dan Puskesmas setempat, memastikan             Office and local community health centers (Puskesmas), ensuring that
 bahwa bantuan yang diberikan sesuai dengan standar kesehatan yang        the assistance provided met applicable health standards. Through this
 berlaku. Melalui inisiatif ini, SSMS menunjukkan komitmennya dalam       initiative, SSMS demonstrates its commitment to improving public health
 meningkatkan kualitas kesehatan masyarakat serta membantu menekan        and helping to reduce stunting rates within its operational areas.
 angka stunting di wilayah operasionalnya.




Pilar Lingkungan                                                            Environmental Pillar

SSMS terus menunjukkan komitmen dalam menjaga                               SSMS continues to demonstrate its commitment to maintaining
keseimbangan lingkungan melalui Program Pelestarian                         environmental balance through the Environmental Conservation
Lingkungan Hidup. Inisiatif ini bertujuan untuk meningkatkan                Program. This initiative aims to improve environmental health,
kualitas kesehatan lingkungan, meminimalkan dampak negatif                  minimize the negative impacts of industrial activities, and
industri, serta memastikan keberlanjutan ekosistem bagi                     ensure ecosystem sustainability for future generations.
generasi mendatang.


Program ini sejalan dengan komitmen SSMS terhadap                           This program aligns with SSMS’s commitment to achieving the
pencapaian TPB, khususnya dalam aspek:                                      SDGs, particularly in the following aspects:




SSMS mengalokasikan dana sebesar Rp158 juta untuk                           SSMS allocated Rp158 million to support various environmental
mendukung berbagai kegiatan berbasis lingkungan, termasuk                   initiatives, including river normalization and plant seedling
normalisasi sungai serta program penanaman dan pengenalan                   introduction and planting programs.
bibit tanaman.




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                                    Normalisasi Sungai Arut: Upaya Nyata Menjaga Ekosistem Air
                            River Arut Normalization: A Concrete Effort to Preserve the Aquatic Ecosystem

 Sebagai kelanjutan dari program tahun sebelumnya, SSMS kembali             As a continuation of the previous year’s program, SSMS once again carried
 menjalankan inisiatif pelestarian lingkungan melalui normalisasi Sungai    out an environmental conservation initiative through the normalization of
 Arut di Pangkalan Bun. Sungai ini merupakan sumber kehidupan utama         the Arut River in Pangkalan Bun. This river serves as a vital lifeline for the
 bagi masyarakat sekitar, namun sedimentasi dan tumpukan sampah telah       surrounding communities; however, sediment buildup and accumulated
 mengancam kebersihannya. Menanggapi hal ini, SSMS bekerja sama             waste have threatened its cleanliness. In response, SSMS collaborated
 dengan pemerintah Kecamatan Arut Selatan dan Dinas Lingkungan Hidup        with the Arut Selatan District Government and the Environmental Agency
 Kotawaringin Barat untuk mengembalikan fungsi alami sungai. Program        of Kotawaringin Barat to restore the river’s natural function. The program
 ini melibatkan berbagai pihak, termasuk masyarakat setempat, dengan        involved various stakeholders, including local residents, who participated
 semangat gotong royong serta dukungan alat berat guna mempercepat          through community cooperation (gotong royong), supported by heavy
 proses pembersihan.                                                        equipment to accelerate the cleanup process.

 Sebagai bagian dari komitmen keberlanjutan, SSMS juga memberikan           As part of its sustainability commitment, SSMS also donated grass-cutting
 donasi berupa alat potong rumput yang dapat digunakan masyarakat           equipment to help the community maintain the riverbanks and keep the
 untuk merawat bantaran sungai agar tetap bersih dan terjaga. Selain        area clean. Additionally, living fences were planted along the riverbanks
 itu, dilakukan pula penanaman pagar hidup di sepanjang tepian sungai       to prevent erosion and preserve the ecosystem balance in the surrounding
 sebagai upaya mencegah erosi serta menjaga keseimbangan ekosistem          area. This step is expected to contribute to creating a greener and more
 di sekitar wilayah tersebut. Langkah ini diharapkan dapat membantu         sustainable environment.
 menciptakan lingkungan yang lebih hijau dan lestari.

 Inisiatif ini tidak hanya berfokus pada pemulihan ekosistem, tetapi juga   This initiative not only focuses on ecosystem restoration but also serves
 menjadi solusi jangka panjang dalam mengurangi risiko bencana banjir       as a long-term solution to reduce the risk of flooding in Pangkalan Bun.
 di Pangkalan Bun. Dengan menjaga kebersihan dan kelestarian Sungai         By maintaining the cleanliness and sustainability of the Arut River, SSMS
 Arut, SSMS berharap dapat meningkatkan kualitas lingkungan serta           aims to improve environmental quality while providing real benefits for
 memberikan manfaat nyata bagi masyarakat yang bergantung pada              the communities that depend on the river as a source of life.
 sungai ini sebagai sumber kehidupan mereka.

                                                               Penanaman Pohon
                                                                 Tree Planting

 Sebagai perusahaan yang bergerak di sektor perkebunan, SSMS                As a company operating in the plantation sector, SSMS is committed
 berkomitmen untuk menjaga keberlanjutan lingkungan dengan                  to preserving environmental sustainability by involving the younger
 melibatkan generasi muda dan masyarakat dalam upaya pelestarian            generation and local communities in nature conservation efforts. One of
 alam. Salah satu inisiatif utama yang dijalankan adalah Program            the key initiatives implemented is the Tree Planting Program, which aims
 Penanaman Pohon, yang bertujuan untuk:                                     to:
 • Meningkatkan penghijauan di sekitar wilayah operasional                  • Enhance green spaces around the company’s operational areas;
     perusahaan;
 • Memberikan edukasi kepada masyarakat tentang pentingnya                  •   Educate the community on the importance of environmental
     menjaga lingkungan; serta                                                  preservation; and
 • Membangun kesadaran kolektif mengenai upaya pelestarian alam.            •   Build collective awareness of nature conservation efforts.

 Sebagai bagian dari program ini, SSMS telah menanam 186 pohon di 9         As part of this program, SSMS has planted 186 trees across 9 villages,
 desa, dengan berbagai jenis tanaman produktif yang memiliki manfaat        consisting of various productive plant species that provide both
 ekologis dan ekonomi bagi masyarakat. Jenis pohon yang ditanam antara      ecological and economic benefits to the community. The tree species
 lain Durian, Matoa, Alpukat, Rambutan, Belimbing, Jeruk Sunkis, Sawo,      planted include Durian, Matoa, Avocado, Rambutan, Starfruit, Sunkist
 Nangka Merah, Jambu Crystal, Jambu Air, Lengkeng, Mangga, dan              Orange, Sapodilla, Red Jackfruit, Crystal Guava, Water Guava, Longan,
 Manggis. Wilayah penanaman tersebar di berbagai desa, termasuk Desa        Mango, and Mangosteen. The planting areas are spread across several
 Pedongatan, Desa Sepondam, Desa Nanga Koring, Desa Batu Ampar,             villages, including Pedongatan Village, Sepondam Village, Nanga Koring
 Desa Melata, Desa Batu Tunggal, Desa Nanga Palikodan, Desa Sungkup,        Village, Batu Ampar Village, Melata Village, Batu Tunggal Village, Nanga
 dan Desa Sumber Cahaya.                                                    Palikodan Village, Sungkup Village, and Sumber Cahaya Village.

 Program Pelestarian Lingkungan Hidup SSMS bukan sekadar aksi               The SSMS Environmental Conservation Program is not merely a corporate
 korporasi, tetapi merupakan bentuk nyata dari tanggung jawab sosial dan    initiative but a tangible form of the company’s social and environmental
 lingkungan perusahaan. Dalam pelaksanaannya, SSMS menggandeng              responsibility. In its implementation, SSMS collaborates with various
 berbagai pihak, termasuk pemerintah dan masyarakat lokal, guna             stakeholders, including local governments and communities, to ensure
 memastikan bahwa program ini memberikan dampak jangka panjang              that the program delivers long-term impacts and real benefits for
 serta manfaat nyata bagi lingkungan dan kehidupan sosial di sekitarnya.    the environment and surrounding social life. Going forward, SSMS
 Ke depan, SSMS akan terus memperkuat inisiatif berbasis lingkungan         will continue to strengthen its environmental initiatives by developing
 dengan mengembangkan strategi inovatif serta memperluas jangkauan          innovative strategies and expanding the program’s reach, allowing more
 program, sehingga lebih banyak pihak dapat terlibat dalam menjaga          parties to participate in preserving the earth. For SSMS, sustainability
 kelestarian bumi. Bagi SSMS, keberlanjutan bukan sekadar pilihan,          is not merely an option but a responsibility that must be realized
 tetapi merupakan tanggung jawab yang harus diwujudkan melalui aksi         through concrete action. Through this initiative, SSMS hopes to make
 nyata. Dengan langkah konkret ini, SSMS berharap dapat memberikan          a real contribution to environmental sustainability and foster collective
 kontribusi nyata bagi keberlanjutan lingkungan serta menciptakan           awareness in preserving ecosystems for future generations.
 kesadaran kolektif dalam menjaga ekosistem bagi generasi mendatang.




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Pilar Infrastruktur                                                          Infrastructure Pillar

Sebagai bagian dari komitmen terhadap pembangunan                            As part of its commitment to sustainable development,
berkelanjutan,    SSMS    terus  berupaya   meningkatkan                     SSMS continues to improve community welfare through its
kesejahteraan masyarakat melalui Program Pembangunan                         Infrastructure Development Program. This program is designed
Infrastruktur. Program ini dirancang untuk mendukung                         to support accessibility, accelerate local economic growth, and
aksesibilitas, mempercepat pertumbuhan ekonomi lokal, serta                  enhance the quality of life for communities surrounding the
meningkatkan kualitas hidup masyarakat di sekitar wilayah                    company’s operational areas.
operasional perusahaan.


Program ini sejalan dengan komitmen SSMS terhadap                            The program aligns with SSMS’s commitment to achieving the
pencapaian TPB, khususnya dalam aspek:                                       SDGs, particularly in the following areas:




SSMS mengalokasikan dana sebesar Rp3,2 miliar untuk                          SSMS has allocated Rp3.2 billion to fund various infrastructure
berbagai proyek infrastruktur, termasuk pembangunan jalan                    projects, including road construction as well as the renovation
serta perbaikan dan pembangunan sarana ibadah.                               and development of places of worship.


                             Pembangunan Infrastruktur Jalan: Meningkatkan Mobilitas dan Aksesibilitas
                               Road Infrastructure Development: Improving Mobility and Accessibility

 Dalam upaya mendukung kelancaran aktivitas masyarakat serta               In an effort to support the smooth running of community activities and
 mempercepat arus distribusi barang dan jasa, perusahaan telah             accelerate the distribution of goods and services, the company has
 mengalokasikan dana sebesar Rp1,35 miliar untuk pembangunan dan           allocated Rp1.35 billion for the construction and improvement of road
 perbaikan infrastruktur jalan di berbagai desa dan kelurahan. Manfaat     infrastructure across various villages and sub-districts. The key benefits
 utama dari proyek ini meliputi:                                           of this project include:
 • Meningkatkan aksesibilitas bagi warga dalam bekerja, bersekolah,        • Enhancing accessibility for residents to work, attend school, trade,
     berdagang, dan mengakses layanan kesehatan;                                and access healthcare services;
 • Mendorong pertumbuhan ekonomi lokal dengan membuka lebih                • Driving local economic growth by creating more business and
     banyak peluang usaha dan investasi; serta                                  investment opportunities; and
 • Mempercepat distribusi hasil pertanian dan barang dagangan,             • Accelerating the distribution of agricultural products and
     sehingga meningkatkan kesejahteraan masyarakat setempat.                   merchandise, thereby improving the welfare of local communities.

 Adapun desa dan kelurahan yang telah menerima manfaat dari program        The villages and sub-districts that have benefited from this program
 ini meliputi Desa Sumber Cahaya, Desa Batu Ampar, Desa Purwareja,         include Sumber Cahaya Village, Batu Ampar Village, Purwareja Village,
 Desa Umpang, Kelurahan Baru, Desa Sulung, Desa Mekar Mulya, Desa          Umpang Village, Baru Sub-district, Sulung Village, Mekar Mulya
 Kenambui, Desa Kubu, serta Desa Pangkalan Dewa. Proyek ini mencakup       Village, Kenambui Village, Kubu Village, and Pangkalan Dewa Village.
 perbaikan jalan yang rusak, pembangunan jalan baru di daerah yang         The project covers road repairs, the construction of new roads in areas
 belum memiliki akses memadai, serta peningkatan kualitas jalan untuk      lacking adequate access, and road quality upgrades to ensure long-term
 memastikan ketahanan infrastruktur dalam jangka panjang.                  infrastructure durability.

 Dengan adanya pembangunan dan perbaikan jalan, masyarakat kini            With the development and improvement of roads, communities now
 memiliki akses yang lebih baik dalam menjalankan aktivitas sehari-hari.   have better access to carry out their daily activities. Improved road
 Infrastruktur jalan yang lebih layak juga berpotensi menarik investor     infrastructure also has the potential to attract investors and open new
 serta membuka peluang usaha baru, sehingga memberikan dampak              business opportunities, thus delivering a positive impact on regional
 positif bagi pertumbuhan ekonomi daerah.                                  economic growth.

                        Pembangunan dan Perbaikan Sarana Ibadah: Mewujudkan Lingkungan yang Harmonis
                       Development and Renovation of Places of Worship: Creating a Harmonious Environment

 SSMS juga menyadari bahwa tempat ibadah memiliki peran penting dalam      SSMS recognizes the important role that places of worship play in
 membangun kehidupan sosial dan spiritual masyarakat. Oleh karena itu,     fostering the social and spiritual life of communities. Therefore, the
 perusahaan mengalokasikan dana sebesar Rp581 juta untuk mendukung         company has allocated Rp581 million to support the construction and
 pembangunan dan renovasi sarana ibadah di berbagai wilayah.               renovation of worship facilities in various areas.




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 Beberapa tempat ibadah yang telah mendapatkan bantuan dari program       Several places of worship that have benefited from this program include:
 ini meliputi:
 • Pembangunan Gereja Pentakosta Indonesia (GPI) Sidang Pasir             •     Construction of the Indonesian Pentecostal Church (GPI) Sidang
      Panjang, Kabupaten Kotawaringin Barat;                                    Pasir Panjang, Kotawaringin Barat Regency;
 • Pembangunan Gedung Gereja Katolik Paroki Sakramen Maha Kudus           •     Construction of the Catholic Church of the Sacred Sacrament Parish
      Woropko, Kabupaten Boven Digoel, Papua Selatan;                           Woropko, Boven Digoel Regency, South Papua;
 • Pembangunan Panti Asuhan Darul Yatim;                                  •     Construction of Darul Yatim Orphanage;
 • Pengadaan paving blok halaman Masjid Jami’ Ar Rohman, Desa             •     Installation of paving blocks in the courtyard of Jami’ Ar Rohman
      Gadabung;                                                                 Mosque, Gadabung Village;
 • Bantuan timbunan pasir halaman Masjid Desa Budi Mufakat;               •     Supply of sand fill for the courtyard of Budi Mufakat Village Mosque;
 • Pembangunan Gedung Gereja SKE, Desa Suja, Kabupaten Lamandau;          •     Construction of the SKE Church building, Suja Village, Lamandau
                                                                                Regency;
 •   Pembangunan Masjid Muhajirin Kudangan, Delang, Kabupaten             •     Construction of Muhajirin Kudangan Mosque, Delang, Lamandau
     Lamandau;                                                                  Regency;
 •   Perbaikan dan pengecatan Masjid Sirajul Qalbi, Kabupaten             •     Repair and painting of Sirajul Qalbi Mosque, Kotawaringin Barat
     Kotawaringin Barat;                                                        Regency;
 •   Pembangunan Gereja GSJA, Kabupaten Lamandau;                         •     Construction of GSJA Church, Lamandau Regency;
 •   Pembangunan Gedung Gereja GKE Maranatha, Desa Batu Tambun;           •     Construction of the GKE Maranatha Church building, Batu Tambun
                                                                                Village;
 •   Renovasi Mushola Al Hidayah, Pangkalan Bun;                          •     Renovation of Al Hidayah Prayer Room, Pangkalan Bun;
 •   Pengecoran halaman Masjid Fathul Huda, Desa Tahai Jaya;              •     Concrete casting of the courtyard of Fathul Huda Mosque, Tahai Jaya
                                                                                Village;
 •   Renovasi Masjid Nurul Iman, Desa Batuah;                             •     Renovation of Nurul Iman Mosque, Batuah Village;
 •   Pembuatan pagar dan kanopi Masjid Baitul Syakur;                     •     Installation of fencing and canopy at Baitul Syakur Mosque;
 •   Pembangunan Masjid Nurul Jihat, Desa Kenambui; serta                 •     Construction of Nurul Jihat Mosque, Kenambui Village; and
 •   Pembangunan Masjid Nurul Falah, Desa Sulung.                         •     Construction of Nurul Falah Mosque, Sulung Village.

 Program ini tidak hanya berfokus pada perbaikan fisik bangunan, tetapi   This program not only focuses on the renovation of physical infrastructure
 juga bertujuan untuk menciptakan lingkungan yang lebih nyaman bagi       but also aims to create a more comfortable environment for the community
 masyarakat dalam menjalankan ibadah dan kegiatan keagamaan.              to conduct worship and religious activities. Properly maintained places of
 Keberadaan tempat ibadah yang layak diharapkan dapat mempererat          worship are expected to strengthen social bonds among residents and
 hubungan sosial antar warga serta meningkatkan kualitas kehidupan        enhance their spiritual well-being.
 spiritual mereka.


Dampak Positif                                                                Positive Impact
Program Pembangunan Infrastruktur yang dijalankan                             The Infrastructure Development Program implemented by the
Perseroan merupakan bagian dari upaya jangka panjang untuk                    Company is part of a long-term effort to create a better and
menciptakan lingkungan yang lebih baik dan lebih produktif                    more productive environment for the community. With proper
bagi masyarakat. Dengan adanya infrastruktur yang memadai,                    infrastructure in place, economic opportunities become more
akses ekonomi semakin terbuka, kualitas hidup meningkat,                      accessible, quality of life improves, and social harmony is better
serta harmoni sosial semakin terjaga.                                         maintained.


Ke depan, Perseroan akan terus berkomitmen untuk                              Going forward, the Company remains committed to contributing
berkontribusi dalam pembangunan yang berkelanjutan,                           to sustainable development, ensuring that every step taken
memastikan bahwa setiap langkah yang diambil memberikan                       delivers tangible positive impacts for the surrounding
dampak positif yang nyata bagi masyarakat sekitar. Karena bagi                communities. For the Company, building the nation is not only
Perseroan, membangun negeri bukan hanya soal bisnis, tetapi                   about business, but also a shared responsibility to create a
juga tanggung jawab bersama untuk menciptakan masa depan                      better future.
yang lebih baik.



Pemberdayaan Ekonomi Masyarakat
Community Economic Empowerment

                           Pendampingan dan Pembinaan Berkelanjutan Bagi Anak Berkebutuhan Khusus
                               Ongoing Assistance and Development for Children with Special Needs

 Pada tahun ini, SSMS terus menunjukkan komitmennya dalam                 This year, SSMS continues to demonstrate its commitment to creating
 menciptakan kesempatan yang setara bagi semua individu, termasuk         equal opportunities for all individuals, including children with special
 anak-anak berkebutuhan khusus. Melalui Program Keterampilan              needs. Through the Disability Skills Program, the Company collaborates
 Disabilitas, Perseroan bekerja sama dengan SLB Negeri 2 Pangkalan        with SLB Negeri 2 Pangkalan Bun to provide arts and handicraft training
 Bun dalam memberikan pelatihan seni dan kerajinan tangan kepada          for students with disabilities. The training covers skills such as making
 siswa-siswi dengan disabilitas. Pelatihan ini mencakup keterampilan      dream catchers, string art, and batik. These activities not only help
 dalam membuat Dream Catcher, String Art, dan membatik. Kegiatan ini      improve motor skills but also create future economic opportunities for
 tidak hanya melatih keterampilan motorik, tetapi juga membuka peluang    the participants.
 ekonomi bagi mereka di masa depan.




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Sebagai bentuk dukungan berkelanjutan, SSMS juga menyediakan alat          As part of its ongoing support, SSMS also provides the necessary tools
dan bahan penunjang bagi sekolah, memastikan bahwa program ini dapat       and materials to the school, ensuring the program can continue running
terus berjalan dengan baik. Dengan dukungan ini, para siswa memiliki       effectively. With this support, students have the opportunity to develop
kesempatan untuk mengembangkan keterampilan mereka secara                  their skills independently and sustainably. Their creations have been
mandiri dan berkelanjutan. Hasil karya mereka telah dipamerkan dalam       showcased at various events and expos in Central Kalimantan, including
berbagai event dan expo di Kalimantan Tengah, termasuk Festival Inovasi    the Indonesian Student Innovation and Entrepreneurship Festival, where
dan Kewirausahaan Siswa Indonesia, di mana mereka berhasil meraih          they successfully placed in the top three. This achievement shows that
juara tiga besar. Prestasi ini menunjukkan bahwa dengan pendampingan       with proper guidance, children with special needs can realize their
yang tepat, anak-anak berkebutuhan khusus dapat mengembangkan              potential and make meaningful contributions to society.
potensinya dan berkontribusi dalam masyarakat.

Dampak positif dari program ini, antara lain:                              The positive impacts of this program include:
• Meningkatkan rasa percaya diri dan motivasi anak-anak                    • Increasing self-confidence and motivation among children with
   berkebutuhan khusus;                                                        special needs;
• Mendorong kemandirian dalam berkarya dan menciptakan peluang             • Encouraging independence through creativity and economic
   ekonomi; serta                                                              opportunities; and
• Membangun lingkungan yang lebih inklusif, di mana setiap individu        • Fostering a more inclusive environment where everyone has equal
   memiliki kesempatan yang sama untuk berkembang.                             opportunities to grow.

Ke depan, SSMS berkomitmen untuk terus mendampingi dan membina             Moving forward, SSMS is committed to continuing its support and
anak-anak berkebutuhan khusus, menjadi bagian dari perubahan positif       mentorship for children with special needs, contributing to positive
dalam menciptakan masyarakat yang lebih inklusif dan berdaya saing.        change in building a more inclusive and competitive society.

                                          Kelompok Kerajinan Purun “Karya Bhakti” Natai Baru
                                           “Karya Bhakti” Purun Handicraft Group – Natai Baru

Di Desa Natai Baru, Kecamatan Arut Selatan, terdapat potensi besar         In Natai Baru Village, Arut Selatan District, there is significant natural
sumber daya alam berupa tanaman purun yang tumbuh melimpah.                potential in the form of abundant purun plants. Recognizing this
Melihat potensi ini, PT Sawit Sumbermas Sarana Tbk (SSMS)                  opportunity, PT Sawit Sumbermas Sarana Tbk (SSMS) initiated the
berinisiatif membentuk Kelompok Kerajinan Purun “Karya Bhakti”,            formation of the “Karya Bhakti” Purun Handicraft Group, consisting of
yang beranggotakan 10 pengrajin lokal. Program ini bertujuan untuk         10 local artisans. This program aims to empower the local community,
memberdayakan masyarakat desa, khususnya ibu-ibu rumah tangga,             particularly housewives, by providing training and guidance in producing
dengan memberikan pelatihan dan pendampingan dalam pembuatan               handicrafts made from purun. Additionally, this initiative supports
kerajinan berbahan dasar purun. Selain itu, inisiatif ini juga mendukung   environmentally friendly practices through the production of purun straws
gerakan ramah lingkungan melalui produksi sedotan purun sebagai            as an alternative to plastic.
alternatif pengganti plastik.

Tidak hanya fokus pada produksi, perusahaan juga membantu kelompok         The company’s support not only focuses on production, but it also assists
“Karya Bhakti” dalam pemasaran produk mereka. Hasilnya, kelompok           the “Karya Bhakti” group in marketing their products. As a result, the
ini mulai menerima pesanan dari berbagai daerah, meningkatkan              group has begun receiving orders from various regions, increasing
pendapatan para pengrajin. Program ini tidak hanya memberikan manfaat      the income of the artisans. This program not only generates economic
ekonomi, tetapi juga melestarikan kearifan lokal dan mengurangi limbah     benefits but also helps preserve local wisdom and reduce plastic waste. A
plastik. Berbagai macam produk kerajinan purun dihasilkan, seperti         variety of purun handicraft products are produced, including straws, mats,
sedotan, tikar, topi, bakul, tas, dan lain-lain.                           hats, baskets, bags, and more.

Keberhasilan program ini tidak lepas dari dukungan dan pendampingan        The success of this program is supported by the company’s ongoing
berkelanjutan yang diberikan perusahaan. SSMS secara rutin melakukan       assistance and guidance. SSMS regularly conducts social mapping to
pemetaan sosial untuk mengidentifikasi kebutuhan dan potensi desa,         identify the village’s needs and potential, while also providing training
serta memberikan pelatihan dan bantuan teknis kepada kelompok              and technical support to the artisan group. Through this program, Natai
pengrajin. Dengan adanya program ini, Desa Natai Baru diharapkan dapat     Baru Village is expected to grow into a thriving and competitive purun
berkembang menjadi sentra kerajinan purun yang maju dan berdaya            handicraft center, serving as an example for other regions in sustainably
saing, sekaligus menjadi contoh bagi daerah lain dalam memanfaatkan        utilizing natural resources.
sumber daya alam secara berkelanjutan.

                                                      Kelompok Jahit Desa Natai Baru
                                                     Sewing Group of Natai Baru Village

SSMS bersama PT Kalimantan Sawit Abadi (KSA) terus berkomitmen             SSMS, together with PT Kalimantan Sawit Abadi (KSA), remains
dalam memberdayakan masyarakat melalui pengembangan keterampilan           committed to empowering local communities through skills development
dan penciptaan peluang usaha. Salah satu inisiatif utama dalam program     and the creation of business opportunities. One of the key initiatives under
TJSL adalah pembentukan Kelompok Jahit Natai Baru, yang dimulai            the Company’s Social and Environmental Responsibility (SER) program
pada tahun 2014 dan kembali dikembangkan pada tahun 2023. Kelompok         is the establishment of the Natai Baru Sewing Group, which was first
ini beranggotakan 15 perempuan produktif yang ingin meningkatkan           launched in 2014 and further developed in 2023. This group consists of 15
keterampilan menjahit dan menciptakan sumber penghasilan baru              productive women seeking to enhance their sewing skills and create new
bagi keluarga mereka. Dengan melihat potensi ekonomi di bidang jahit-      sources of income for their families. Recognizing the economic potential
menjahit, program ini bertujuan untuk meningkatkan keterampilan,           in the sewing industry, the program aims to build skills, open business
membuka peluang usaha, dan meningkatkan kesejahteraan masyarakat           opportunities, and improve community welfare in Natai Baru Village, Arut
di Desa Natai Baru, Kecamatan Arut Selatan.                                Selatan District.




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 Dalam rangka meningkatkan kompetensi peserta, program ini                    To enhance participants’ competencies, the program offers 36 inclusive
 menyediakan 36 sesi pelatihan inklusif, yang difasilitasi oleh pelatih       training sessions led by professional instructors to sharpen their
 profesional guna mengasah keterampilan menjahit para peserta. Selain         sewing abilities. In addition, SSMS and PT KSA have provided production
 itu, SSMS dan PT KSA juga memberikan bantuan peralatan produksi,             equipment, including sewing machines, overlock sewing machines, and
 termasuk mesin jahit, mesin obras, serta berbagai perlengkapan               other supporting tools. With this support, the group’s production capacity
 pendukung lainnya. Dengan dukungan ini, kapasitas produksi kelompok          has grown, enabling them to create a variety of high-value textile products.
 meningkat, memungkinkan mereka untuk menjahit berbagai produk                The program’s success was marked by the launch of the Sewing Group
 tekstil dengan nilai jual tinggi. Keberhasilan program ini ditandai dengan   “Mawar”’s first products in August 2024. On this occasion, the group
 peluncuran produk perdana Kelompok Jahit Mawar pada Agustus                  collaborated with the Abdul Rasyid Foundation (ARF) to produce uniforms
 2024. Dalam kesempatan ini, kelompok bekerja sama dengan Abdul               for early childhood education (PAUD) students within the ARF community
 Rasyid Foundation (ARF) untuk memproduksi seragam anak PAUD di               in Kotawaringin Barat Regency. This partnership not only enhanced the
 lingkungan ARF Kabupaten Kotawaringin Barat. Kerja sama ini tidak            participants’ skills but also opened new business opportunities for the
 hanya meningkatkan keterampilan peserta, tetapi juga membuka peluang         community, expanding the market for their products.
 usaha baru bagi masyarakat, menciptakan pasar yang lebih luas untuk
 produk-produk mereka.

 Dampak positif dari program ini terlihat pada peningkatan pendapatan         The positive impact of this program can be seen in the increased income of
 anggota kelompok serta terbukanya lapangan pekerjaan baru bagi               group members and the creation of new job opportunities for housewives
 ibu rumah tangga yang sebelumnya tidak memiliki penghasilan tetap.           who previously had no steady source of income. This success has been
 Keberhasilan ini mendapat apresiasi dari berbagai pihak, termasuk            recognized by various stakeholders, including the village government
 pemerintah desa dan masyarakat setempat. SSMS dan PT KSA berharap            and the local community. SSMS and PT KSA hope that the program will
 program ini dapat berlanjut secara mandiri, menciptakan wirausaha            continue to grow independently, fostering new entrepreneurs in the textile
 baru di sektor tekstil, serta meningkatkan kesejahteraan masyarakat          sector and improving the welfare of the Natai Baru Village community. By
 Desa Natai Baru. Dengan terus mengembangkan keterampilan dan                 continuously developing skills and product innovation, this group has the
 inovasi produk, kelompok ini berpotensi menjadi contoh sukses dalam          potential to become a successful example of community-based economic
 pemberdayaan ekonomi berbasis komunitas.                                     empowerment.

                                               Kelompok Wanita Tani (KWT) “Mandiri Bersatu”
                                               Women Farmers Group (KWT) “Mandiri Bersatu”

 Sebagai bagian dari komitmen terhadap pemberdayaan masyarakat,               As part of its commitment to community empowerment, SSMS initiated the
 SSMS menginisiasi Program Binaan KWT Mandiri Bersatu, yang berfokus          “Mandiri Bersatu” Women Farmers Group (KWT) development program,
 pada pengembangan inovasi teh bunga telang di Kelurahan Sidorejo.            focusing on the innovation and production of butterfly pea flower tea in
 Program ini bertujuan untuk meningkatkan kapasitas kelompok tani             Sidorejo Sub-district. This program aims to strengthen the capacity of the
 perempuan melalui pembinaan usaha, pelatihan keterampilan, serta             women’s farming group through business development, skills training,
 bantuan peralatan produksi. Dengan pendekatan berbasis komunitas,            and production equipment support. With a community-based approach,
 SSMS berupaya memastikan bahwa produk teh bunga telang dapat                 SSMS strives to ensure that the butterfly pea flower tea products meet
 memenuhi standar industri, memperoleh izin edar, serta bersaing di           industry standards, obtain distribution permits, and compete in both
 pasar nasional maupun internasional.                                         national and international markets.

 Melalui program ini, KWT Mandiri Bersatu mendapatkan pelatihan               Through this program, KWT Mandiri Bersatu received comprehensive
 menyeluruh, mencakup budidaya dan pengolahan bunga telang untuk              training, covering the cultivation and processing of butterfly pea flowers
 memastikan kualitas hasil panen yang optimal; teknik pemasaran               to ensure optimal harvest quality; product marketing strategies to help
 produk, agar produk dapat menjangkau pasar yang lebih luas; serta            the products reach wider markets; and guidance on hygienic product
 bimbingan dalam packaging produk, dengan standar higienis untuk              packaging to enhance competitiveness. In addition, SSMS provided
 meningkatkan daya saing di pasaran. Selain itu, SSMS juga memberikan         production equipment support, including drying machines to maintain
 bantuan peralatan produksi, seperti mesin pengering, untuk menjaga           product quality and durability, as well as modern packaging tools to
 kualitas dan daya tahan produk; serta alat pengemasan modern, guna           ensure the products are ready for distribution with improved standards.
 memastikan produk siap edar dengan standar yang lebih baik. Dengan           With this support, the farmers group is expected to develop their business
 pendampingan ini, kelompok tani diharapkan dapat mengembangkan               independently and sustainably.
 bisnis secara mandiri dan berkelanjutan.

 Dampak dari program ini sangat signifikan bagi kelompok tani dan             This program has created significant positive impacts for the farmers
 masyarakat sekitar. Secara ekonomi, usaha ini meningkatkan pendapatan        group and the surrounding community. Economically, the initiative has
 anggota KWT, menciptakan lapangan kerja baru, dan membuka peluang            increased the income of KWT members, created new job opportunities,
 pemasaran yang lebih luas luar kota. Selain itu, peran perempuan dalam       and opened wider market access beyond the local area. Furthermore, the
 ekonomi lokal semakin kuat, mendorong kemandirian finansial serta            role of women in the local economy has been strengthened, encouraging
 meningkatkan kesejahteraan keluarga. Produk teh bunga telang yang            financial independence and improving family welfare. The butterfly pea
 kaya manfaat juga mendukung tren gaya hidup sehat di masyarakat.             flower tea, known for its health benefits, also supports the growing trend
                                                                              of healthy living within the community.

                                                 Peternakan Ayam Kampung di Dusun Tonam
                                                Free-Range Chicken Farming in Tonam Hamlet

 Dusun Tonam memiliki potensi besar dalam bidang peternakan ayam              Tonam Hamlet has significant potential in the field of free-range chicken
 kampung. Melihat peluang ini, sejak tahun 2022, Perseroan telah              farming. Recognizing this opportunity, since 2022, the Company has
 mendukung kelompok peternak dengan menyediakan bibit ayam                    supported local farmer groups by providing high-quality free-range
 kampung unggul, pakan, vitamin, serta sarana dan prasarana pendukung.        chicken seedlings, feed, vitamins, as well as necessary farming facilities
 Hingga tahun 2024, sebanyak 500 ekor ayam kampung telah berhasil             and infrastructure. By 2024, the farming group successfully raised 500
 dibudidayakan oleh kelompok peternakan yang terus berkembang dengan          free-range chickens, with continuous assistance and training to support
 pendampingan dan pembinaan yang berkelanjutan.                               their growth.




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Program ini bertujuan untuk meningkatkan pendapatan masyarakat              This program aims to increase community income through poultry
melalui usaha peternakan, serta mendorong ketahanan pangan lokal            farming while also promoting local food security by ensuring the
dengan memastikan ketersediaan daging ayam berkualitas bagi warga           availability of high-quality chicken meat for the surrounding residents.
sekitar. Selain itu, Perseroan juga memberikan pendampingan dalam           Additionally, the Company provides guidance on both natural and electrical
penetasan alami dan elektrikal (menggunakan mesin tetas) agar produksi      (incubator-based) hatching techniques to support the ongoing
ayam kampung dapat terus berkembang.                                        development of free-range chicken production.

Hasil dari program ini sangat positif, di mana kelompok peternak            The results of this program have been highly positive, with the farmer
kini mampu mengelola usaha mereka secara mandiri, mendapatkan               group now able to manage their business independently, earn additional
penghasilan tambahan, serta menciptakan lapangan pekerjaan baru bagi        income, and create new job opportunities for the village community.
masyarakat desa. Dengan pendekatan yang berkelanjutan, program ini          Through a sustainable approach, this program is expected to continue
diharapkan dapat terus berkembang dan memperkuat sektor peternakan          growing and strengthening the local poultry sector in Tonam Hamlet,
lokal di Dusun Tonam, Desa Rangda, Kecamatan Arut, Kabupaten                Rangda Village, Arut District, Kotawaringin Barat Regency.
Kotawaringin Barat.

                                                           Budidaya Ikan Air Tawar
                                                           Freshwater Fish Farming

Dalam upaya meningkatkan ketahanan pangan dan ekonomi masyarakat,           As part of efforts to strengthen food security and improve the local
Perseroan mengembangkan program budidaya ikan air tawar di beberapa         economy, the Company has developed a freshwater fish farming program
desa sekitar operasional perusahaan. Program ini melibatkan beberapa        in several villages surrounding its operational areas. This program
kelompok masyarakat, dengan hasil sebagai berikut.                          involves multiple community groups, with the following results:
• Desa Nanga Palikodan: sebanyak 400 ekor ikan patin dan 400 ekor           • Nanga Palikodan Village: 400 pangasius catfish and 400 tilapia.
    ikan nila.
• Desa Sumber Cahaya: sebanyak 2000 ekor ikan patin dan 2.000 ekor          •   Sumber Cahaya Village: 2,000 pangasius catfish and 2,000 tilapia.
    ikan nila.
• Desa Melata: sebanyak 400 ekor ikan patin dan 400 ekor ikan nila.         •   Melata Village: 400 pangasius catfish and 400 tilapia.
• Desa Merambang: sebanyak 400 ekor ikan patin dan 600 ekor ikan nila.      •   Merambang Village: 400 pangasius catfish and 600 tilapia.
• Desa Nanga Koring: sebanyak 400 ekor ikan patin dan 600 ikan nila.        •   Nanga Koring Village: 400 pangasius catfish and 600 tilapia.
• Desa Batu Tunggal: sebanyak 200 ekor ikan patin dan 200 ekor ikan nila.   •   Batu Tunggal Village: 200 pangasius catfish and 200 tilapia.

Perseroan tidak hanya menyediakan bibit ikan, pakan, dan sarana             The Company not only provides fish seedlings, feed, and farming facilities
budidaya, tetapi juga memberikan pendampingan teknis serta pelatihan        but also offers technical assistance and training on sustainable fish
mengenai pengelolaan budidaya ikan yang berkelanjutan.                      farming management.

Program ini berdampak positif terhadap ekonomi masyarakat karena            This program has generated positive economic impacts for the
hasil panen ikan dapat dijual ke pasar lokal, memberikan tambahan           community, as the fish harvest can be sold in local markets, providing
penghasilan bagi para petani ikan. Selain itu, program ini juga             additional income for fish farmers. Furthermore, the program contributes
meningkatkan ketahanan pangan daerah, dengan menyediakan sumber             to regional food security by offering a quality and accessible source of
protein yang berkualitas dan mudah diakses oleh masyarakat sekitar.         protein for the surrounding communities.

                                     Budidaya Semangka dan Hortikultura di Desa Sumber Cahaya
                                    Watermelon and Horticulture Farming in Sumber Cahaya Village

Pada tahun 2024, program hortikultura di Desa Sumber Cahaya yang            In 2024, the horticulture program in Sumber Cahaya Village, which began
telah dimulai sejak 2023 terus berkembang dengan memperluas jenis           in 2023, continued to grow by expanding the variety of crops cultivated.
tanaman yang dibudidayakan. Setelah sukses dengan panen perdana             Following the success of its first watermelon harvest, SSMS further
semangka, SSMS melanjutkan program ini dengan menambahkan                   developed the program by introducing additional horticultural varieties
varietas hortikultura lainnya, seperti cabai, tomat, dan sayuran daun.      such as chili, tomatoes, and leafy vegetables. This initiative aims to
Inisiatif ini bertujuan untuk meningkatkan keragaman produk pertanian,      increase agricultural product diversity while opening wider market
sekaligus membuka peluang pasar yang lebih luas bagi para petani lokal.     opportunities for local farmers.

Dukungan terus diberikan oleh SSMS berupa penyediaan bibit unggul,          SSMS provides ongoing support through the supply of high-quality
pupuk organik, dan peralatan pertanian modern, serta pelatihan              seeds, organic fertilizers, modern agricultural equipment, and training
teknik pertanian berkelanjutan. Dengan pendekatan ini, program ini          on sustainable farming techniques. With this approach, the program is
diharapkan dapat meningkatkan produktivitas dan kesejahteraan petani        expected to sustainably boost farmer productivity and welfare, strengthen
secara berkelanjutan, menciptakan ketahanan pangan di desa, serta           food security within the village, and create opportunities for agricultural
memperluas peluang ekspansi usaha pertanian di Lamandau. Program ini        business expansion in Lamandau. Additionally, the program aims to equip
juga bertujuan untuk memberikan petani pengetahuan dalam mengelola          farmers with the knowledge to independently and efficiently manage their
usaha pertanian secara mandiri dan lebih efisien.                           agricultural ventures.

Melalui perluasan jenis tanaman, para petani di Desa Sumber Cahaya          Through crop diversification, farmers in Sumber Cahaya Village are
diharapkan dapat mendapatkan hasil yang lebih variatif, seperti             expected to produce a wider range of products, supplying vegetables and
mensuplai sayur-sayuran dan buah di wilayah sekitar operasional kebun       fruits to areas around the plantation operations and Lamandau Regency.
dan Kabupaten Lamandau, meningkatkan pendapatan, dan menciptakan            This diversification helps increase farmers’ incomes and creates broader
peluang pasar yang lebih luas, baik lokal maupun regional. Program          market opportunities, both locally and regionally. The program represents
ini menjadi langkah penting menuju kemandirian pertanian di desa            an important step toward agricultural self-sufficiency within the village
dan memberikan dampak positif terhadap perekonomian lokal serta             and has a positive impact on the local economy and food security.
ketahanan pangan.




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




Referensi Laporan Tahunan SEOJK
No. 16/SEOJK.04/2021
                                                                          Reference to OJK's Circular Letter
                                                                                     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);
 Annual Report should contain at    3.    Laporan Direksi;
 least the following information.   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.
                                                                                                                                           
                                    1.    Summary of key financial 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 report; and
                                    10.   Statement that the Board of Commissioners and the Board of Directors are fully responsible
                                          for the Annual Report.

 Bentuk Laporan Tahunan.            1.    Laporan Tahunan disajikan dalam bentuk dokumen cetak dan dokumen elektronik;
 Form of Annual Report.             2.    Laporan Tahunan yang disajikan dalam bentuk dokumen cetak, dicetak pada kertas yang
                                          berwarna terang, 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).
                                                                                                                                           
                                    1.    The Annual Report is presented in the form of printed and electronic documents;
                                    2.    The Annual Report is presented in the form of printed documents, printed on bright colored
                                          paper, 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 Annual Report converted in
                                          portable document format (PDF).

 Ikhtisar Data Keuangan Penting
 Summary of Key Financial Information

 Ikhtisar data keuangan penting     Informasi memuat, antara lain:
 memuat informasi keuangan          1. Pendapatan/penjualan;
 yang disajikan dalam bentuk        2. Laba bruto;
 perbandingan selama 3 tahun        3. Laba (rugi);
 buku    atau    sejak    memulai   4. Jumlah laba (rugi) yang dapat diatribusikan kepada pemilik entitas induk dan kepentingan
 usahanya     jika     perusahaan        non pengendali;
 tersebut menjalankan kegiatan      5. Total laba (rugi) komprehensif;
 usahanya kurang dari 3 tahun.      6. Jumlah laba (rugi) komprehensif yang dapat diatribusikan kepada pemilik entitas induk dan
                                         kepentingan non pengendali;




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             Kriteria                                                               Penjelasan                                                    Halaman
             Criteria                                                              Descriptions                                                    Page

Summary       of    Key    Financial   7.    Laba (rugi) per saham;
Information contains financial         8.    Jumlah aset;
information        presented      in   9.    Jumlah liabilitas;
comparison with previous 3             10.   Jumlah ekuitas;
(three) fiscal years or since          11.   Rasio laba (rugi) terhadap jumlah aset;
commencement of business if the        12.   Rasio laba (rugi) terhadap ekuitas;
Company commenced the business         13.   Rasio laba (rugi) terhadap pendapatan/penjualan;
in less than 3 (three) years ago.      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.
                                       The information shall at least contain:
                                       1. Income/sales;
                                       2. Gross profit;
                                       3. Profit (loss);                                                                                           12-16
                                       4. Total profit (loss) attributable to equity holders of the parent entity and non-controlling interest;
                                       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.

Informasi saham bagi Perusahaan        1.    Saham yang telah diterbitkan untuk setiap masa triwulan yang disajikan dalam bentuk
Terbuka                                      perbandingan selama 2 tahun buku terakhir, paling sedikit memuat:
Share information of the Public              a. Jumlah saham yang beredar;
Company                                      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.
                                                                                                                                                    18
                                       1.    Shares issued for each three-month period in the last 2 fiscal years, 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. Highest 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.    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;                                                     19

                                       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 of 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.




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             Kriteria                                                            Penjelasan                                                   Halaman
             Criteria                                                           Descriptions                                                   Page

                                     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                                                                             19
                                     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.   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
                                                                                                                                                19
                                          pembatalan pencatatan saham (delisting) tersebut.
                                     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.

 Laporan Manajemen
 Management Report

 Laporan Dewan Komisaris             Paling sedikit memuat:
 The Board of Commissioners Report   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.
                                                                                                                                               34-39
                                     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:
 The Board of Directors Report       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.
                                     1. Company performance, at least contains:                                                                40-47
                                     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 achievement of results and targets of the Company; and
                                     e. Challenges faced by the Company;
                                     2. Description on business prospects;
                                     3. Implementation of good corporate governance.

 Profil Perusahaan
 Company Profile

 Nama    dan  alamat     lengkap     Paling sedikit memuat:
 perusahaan.                         1. Nama perusahaan, termasuk apabila terdapat perubahan nama, alasan perubahan, dan
 Name and complete address of the         tanggal efektif perubahan nama pada tahun buku;
 Company                             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.
                                                                                                                                               52-53
                                     At least contains:
                                     1. Name of Company, including change of name, reason of change, and the effective date of the
                                          change of name during the financial 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.
                                                                                                                                              54
Brief history of the Company.          Brief history of the Company.

Visi, misi, dan budaya perusahaan.     Mencakup:
Vision, Mission, and Corporate         1. Visi dan misi perusahaan; serta
Culture                                2. Informasi mengenai budaya perusahaan (corporate culture) atau nilai-nilai perusahaan (jika
                                          ada).                                                                                              56-57
                                       Includes:
                                       1. Vision, Mission of the Company; and
                                       2. Information on corporate culture or company values (if any).

Kegiatan usaha.                        Paling sedikit memuat:
Line of business.                      1. Kegiatan usaha menurut anggaran dasar terakhir;
                                       2. Kegiatan usaha yang dijalankan pada tahun buku; dan
                                       3. Jenis barang dan/atau jasa yang dihasilkan.
                                                                                                                                             58-59
                                       At least contains:
                                       1. Line of business according to the latest Articles of Association;
                                       2. Line of business carried out during the financial year; and
                                       3. Types of products and/or services produced.

Wilayah operasional perusahaan.        Meliputi wilayah atau daerah pelaksanaan kegiatan operasional atau jangkauan dari kegiatan
Operational area of the Company.       operasional perusahaan.
                                                                                                                                             60-61
                                       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 di bawah Direksi, termasuk
Organizational      structure     of   komite di bawah Direksi (jika ada) dan komite di bawah Dewan Komisaris, disertai dengan nama
the company.                           dan jabatan.
                                                                                                                                             64-65
                                       In chart form, at least includes 1 level below the Board of Directors, 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 maupun internasional yang
Association memberships.               berkaitan dengan penerapan berkelanjutan.
                                                                                                                                              63
                                       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:
anggota Dewan Komisaris.               1. Nama dan jabatan yang sesuai dengan tugas dan tanggung jawab;
Identity and brief curriculum          2. Foto terbaru;
vitae of members of the Board of       3. Usia;
Commissioners.                         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         68-73
                                            nama pihak yang terafiliasi. Dalam hal anggota Dewan Komisaris tidak memiliki hubungan
                                            afiliasi, maka perusahaan mengungkapkan hal tersebut;
                                       At least contains:
                                       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 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




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             Kriteria                                                             Penjelasan                                                 Halaman
             Criteria                                                            Descriptions                                                 Page

                                            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.   Pernyataan independensi komisaris independen dalam hal komisaris independen telah
                                            menjabat lebih dari 2 periode; dan
                                                                                                                                               171
                                       8.   Statement of independence of Independent Commissioner in the event that the Independent
                                            Commissioner has been appointed for more than 2 periods; and

                                       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.                                                                                         74
                                       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 occurring
                                       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.

 Identitas dan riwayat hidup singkat   Paling sedikit memuat:
 anggota Direksi.                      1. Nama dan jabatan yang sesuai dengan tugas dan tanggung jawab;
 Identity and brief curriculum         2. Foto terbaru;
 vitae of members of the Board of      3. Usia;
 Directors.                            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                                76-79
                                       At least contains:
                                       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.




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           Kriteria                                                            Penjelasan                                               Halaman
           Criteria                                                           Descriptions                                               Page

                                   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.
                                   8.   Changes in the composition of the members of the Board of Directors and the reasons for the       80
                                        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 occurring
                                   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 Directors shall be stated in the Annual Report.

Jumlah karyawan.                   Memuat informasi pada tahun buku berdasarkan klasifikasi:
Number of employees.               1. Jenis kelamin;
                                   2. Jabatan;
                                   3. Usia;
                                   4. Tingkat pendidikan; dan
                                   5. Status ketenagakerjaan (tetap/kontrak).

                                   Catatan:
                                   Pengungkapan informasi dapat disajikan dalam bentuk tabel.
                                                                                                                                        135-138
                                   Contain information in the financial 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:
Shareholders Composition.          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                  81-83
                                        klasifikasi:
                                        a. Kepemilikan institusi lokal;
                                        b. Kepemilikan institusi asing;
                                        c. Kepemilikan individu lokal; dan
                                        d. Kepemilikan individu asing.
                                   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.




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             Kriteria                                                             Penjelasan                                                Halaman
             Criteria                                                            Descriptions                                                Page

                                       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.

 Pemegang Saham Utama dan              Informasi mengenai Pemegang Saham Utama dan Pengendali perusahaan, baik langsung
 Pengendali                            maupun tidak langsung, sampai kepada pemilik individu, yang disajikan dalam bentuk skema
 Major and Controlling Shareholders    atau bagan.                                                                                           84-86
                                       Information on Major Shareholders and Controlling Shareholders of the Company, directly or
                                       indirectly, and up to the individual owner shall be presented in the form of scheme or diagram.

 Daftar Entitas Anak dan/atau          Meliputi:
 Entitas Asosiasi.                     1. Nama Entitas Anak, Perusahaan Asosiasi, dan/atau Perusahaan Ventura di mana perusahaan
 List   of   Subsidiaries and/or           memiliki pengendalian bersama entitas;
 Associated Entities.                  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.
                                                                                                                                             87-90
                                       At least contains:
                                       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:
 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; dan
 stock), dividen saham, saham          4. Nama bursa efek saham perusahaan dicatatkan (jika ada).
 bonus, perubahan nilai nominal        At least contains:
 saham, pelaksanaan efek konversi,     1. Number of shares;
 pelaksanaan penambahan dan            2. Shares par value;
 pengurangan modal) dari awal          3. Offering price from the beginning of listing to the end of the financial year; and
 penerbitan sampai dengan akhir        4. Name of stock exchange where the shares are listed (if any).
 tahun buku.                                                                                                                                 90-91
 Chronology of issuance and/
 or listing of shares (including
 stock splits, reverse stocks, stock
 dividends, bonus shares, changes
 in the nominal value of shares,
 implementation of convertible
 securities,    implementation    of
 additional and reduced capital)
 from the beginning of issuance to
 the end of financial year.




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             Kriteria                                                             Penjelasan                                                  Halaman
             Criteria                                                            Descriptions                                                  Page

Kronologi penerbitan dan/atau          Informasi pencatatan efek lainnya yang belum jatuh tempo pada tahun buku paling sedikit
pencatatan efek lainnya dari awal      memuat:
penerbitan sampai dengan akhir         1. Nama efek;
tahun buku.                            2. Tahun penerbitan;
Chronology of issuance and/or          3. Tingkat suku bunga/imbal hasil;
listing of other securities from the   4. Tanggal jatuh tempo;
beginning of issuance to the end of    5. Nilai penawaran; dan
financial year.                        6. Peringkat efek (jika ada).
                                                                                                                                               91-92
                                       Information on the listing of other securities that are not due in the financial year shall at least
                                       contain:
                                       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).

Informasi     penggunaan       jasa    Paling sedikit meliputi:		
akuntan publik (AP) dan kantor         1. Nama dan alamat;
akuntan publik (KAP) beserta           2. Periode penugasan;
jaringan/asosiasi/aliansinya (dapat    3. Informasi jasa audit dan/atau non-audit yang diberikan; dan
disajikan dalam bentuk tabel).         4. Biaya jasa (fee) audit dan/atau non-audit untuk masing-masing penugasan yang diberikan
Information on the use of a Public          selama tahun buku.
Accountant (AP) and a Public
Accounting firm (KAP) services         Catatan:
and their networks/associations/       Dalam hal AP dan KAP beserta jaringan/asosiasi/aliansinya yang ditunjuk tidak memberikan jasa
alliances (can be presented in         non-audit, agar diungkapkan.                                                                             92
tabular form).                         At least contains:
                                       1. Name and address;
                                       2. Period of assignment;
                                       3. Information on audit and/or non-audit services provided; and
                                       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 dan/           Nama dan alamat lembaga dan/atau profesi penunjang pasar modal selain AP dan KAP.
atau profesi penunjang.                Name and address of capital market supporting institutions and/or professionals other than AP            93
Name and address of capital            and KAP.
market supporting institutions.

Penghargaan yang diterima dalam        Memuat antara lain:
tahun buku terakhir dan/atau           1. Nama penghargaan dan/atau sertifikasi;
sertifikasi yang masih berlaku         2. Tahun perolehan penghargaan dan/atau sertifikasi;
dalam tahun buku terakhir, baik        3. Badan pemberi penghargaan dan/atau sertifikasi; dan
yang berskala nasional maupun          4. Masa berlaku (untuk sertifikasi).
internasional.                         At least contains:                                                                                      22-31
Awards received in the last            1. Name of award and/or certification;
financial year and/or certificates     2. Year of award and/or certification;
that are still valid in the last       3. Award and/or certification agency; and
financial year, both on a national     4. Validity period (for certification).
and international scale.

Analisis dan Pembahasan Manajemen (MDNA)
Management Discussion and Analysis (MDNA)

Tinjauan operasi per segmen            Paling sedikit mengenai:
operasi yang sesuai dengan jenis       1. Produksi, yang meliputi proses, kapasitas, dan perkembangannya;
industri perusahaan.                   2. Pendapatan/penjualan; dan
Operational review per business        3. Profitabilitas.
                                                                                                                                              105-112
segment, according to the type of      At least contains:
industry of the Company.               1. Production, including process, capacity, and growth;
                                       2. Income/sales; and
                                       3. Profitability.




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               Kriteria                                                              Penjelasan                                                Halaman
               Criteria                                                             Descriptions                                                Page

 Kinerja keuangan perusahaan yang         Penjelasan tentang penyebab adanya perubahan dan dampak perubahan tersebut, paling sedikit
 mencakup perbandingan dalam 2            mengenai:
 tahun buku terakhir.                     1. Aset lancar, aset tidak lancar, dan total aset;
 Financial performance analysis           2. Liabilitas jangka pendek, liabilitas jangka panjang, dan total liabilitas;
 which includes a comparison              3. Ekuitas;
 between the financial performance        4. Pendapatan/penjualan, beban, laba (rugi), penghasilan komprehensif lain, dan total laba
 of the last 2 fiscal years.                  (rugi) komprehensif; dan
                                          5. Arus kas.                                                                                         113-117
                                          Explanation of the causes of the change and the impact of the change, at least regarding:
                                          1. Current assets, non-current assets, and total assets;
                                          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.

 Kemampuan membayar utang dan             Penjelasan tentang:
 tingkat kolektibilitas piutang.          1. Kemampuan membayar utang; dan
 Debt service ability and receivables     2. Tingkat kolektibilitas piutang.
 turnover ratio.                          dengan menyajikan perhitungan rasio yang relevan dengan jenis industri.
                                                                                                                                               118-119
                                          Explanation of:
                                          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.
 kebijakan manajemen atas struktur        Including the basis for determining the said policy.
 modal (capital structure policy).                                                                                                               120
 Capital structure and management’s
 capital structure policy.

 Ikatan material untuk investasi          Paling sedikit meliputi:
 barang modal (bukan ikatan               1. Tujuan dari ikatan tersebut;
 pendanaan) pada tahun buku               2. Sumber dana yang diharapkan untuk memenuhi ikatan tersebut;
 terakhir.                                3. Mata uang yang menjadi denominasi; dan
 Material commitments for capital         4. Langkah yang direncanakan perusahaan untuk melindungi risiko dari posisi mata uang asing
 goods investment (not funding                 yang terkait.                                                                                     121
 commitments) in the last financial       At least contains:
 year.                                    1. The purpose of such commitments;
                                          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:
 direalisasikan pada tahun buku           1. Jenis investasi barang modal;
 terakhir.                                2. Tujuan investasi barang modal; dan
 Capital goods investment which           3. Nilai investasi barang modal yang dikeluarkan.
                                                                                                                                                 121
 was realized in the last fiscal year.    At least contains:
                                          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.
 terjadi setelah tanggal laporan          If any.
 akuntan.
                                                                                                                                                 124
 Information and material facts
 occurred after the accountant's
 report date.

 Prospek usaha perusahaan.                Dikaitkan dengan kondisi industri, ekonomi secara umum dan pasar internasional, disertai data
 Company business prospects.              pendukung kuantitatif dari sumber data yang layak dipercaya.
                                                                                                                                                 102
                                          Related to the industrial condition, general economy, and international market, accompanied by
                                          quantitative supporting data from reliable data sources.




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            Kriteria                                                           Penjelasan                                                Halaman
            Criteria                                                          Descriptions                                                Page

Perbandingan       antara target/    Mengenai:
proyeksi pada awal tahun buku        1. Pendapatan/penjualan;
dengan       hasil  yang  dicapai    2. Laba (rugi);
(realisasi).                         3. Struktur modal (capital structure); atau
Comparison between targets/          4. Hal lainnya yang dianggap penting bagi perusahaan.
                                                                                                                                          122-123
projections    at   beginning of     Information on:
financial year with the results      1. Income/sales;
achieved (realization).              2. Profit (loss);
                                     3. Capital structure; or
                                     4. Other matters deemed necessary by the Company.

Target/proyeksi yang ingin dicapai   Mengenai:
untuk 1 tahun mendatang.             1. Pendapatan/penjualan;
Targets/projections to be achieved   2. Laba (rugi);
for the next 1 year.                 3. Pemasaran;
                                     4. Pengembangan SDM; atau
                                     5. Hal lainnya yang dianggap penting bagi perusahaan.
                                                                                                                                          122-123
                                     Information on:
                                     1. Income/sales;
                                     2. Profit (loss);
                                     3. Marketing;
                                     4. HR development; or
                                     5. Other matters deemed necessary by the Company.

Aspek pemasaran.                     Antara lain:
Marketing aspect.                    1. Strategi pemasaran; dan
                                     2. Pangsa pasar.
                                                                                                                                            101
                                     Among others:
                                     1. Marketing strategy; and
                                     2. Market share.

Kebijakan dividen dan jumlah         Paling sedikit meliputi:
dividen yang diumumkan atau          1. Kebijakan dividen, antara lain memuat informasi persentase jumlah dividen yang dibagikan
dibayar selama 2 tahun buku               terhadap laba bersih;
terakhir.                            2. Tanggal pembayaran dividen kas dan/atau tanggal distribusi dividen non-kas;
Dividend policy and amount           3. Jumlah dividen per saham (kas dan/atau non kas); dan
announced or paid for the last 2     4. Jumlah dividen per tahun yang dibayar.
financial years.
                                     Catatan:
                                     1. Dapat disajikan dalam bentuk tabel; dan
                                     2. Dalam hal perusahaan tidak membagikan dividen dalam 2 tahun terakhir, agar diungkapkan.
                                                                                                                                          124-125
                                     At least contains:
                                     1. Dividend policy, including information on the percentage of 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:
penawaran umum.                      1. Dalam hal selama tahun buku, perusahaan memiliki kewajiban menyampaikan laporan
Use of proceeds from Public             realisasi penggunaan dana, maka diungkapkan realisasi penggunaan dana hasil penawaran
Offerings.                              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.
                                                                                                                                            125
                                     Under the condition:
                                     1. In the event that during the financial 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 financial 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:
 investasi,  ekspansi,    divestasi,      1. Tanggal, nilai, dan objek transaksi;
 penggabungan/peleburan usaha,            2. Nama pihak yang melakukan transaksi;
 akuisisi, restrukturisasi utang/         3. Sifat hubungan afiliasi (jika ada);
 modal, transaksi afiliasi, dan           4. Penjelasan mengenai kewajaran transaksi;
 transaksi   yang     mengandung          5. Pemenuhan ketentuan terkait; dan
 benturan kepentingan yang terjadi        6. Dalam hal terdapat hubungan afiliasi, selain mengungkapkan informasi sebagaimana
 pada tahun buku.                              dimaksud dalam angka 1-5, perusahaan juga mengungkapkan informasi:
 Material information on investment,           a. Pernyataan Direksi bahwa transaksi afiliasi telah melalui prosedur yang memadai untuk
 expansion, divestment, business                    memastikan bahwa transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang
 merger/consolidation, acquisition,                 berlaku umum antara lain dilakukan dengan memenuhi prinsip transaksi yang wajar
 debt/capital restructuring, affiliated             (armlength principle); dan
 transactions,    and    transactions          b. Peran Dewan Komisaris dan komite audit dalam melakukan prosedur yang memadai
 containing conflict of interest that               untuk memastikan bahwa transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis
 occurred during the financial year.                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.                                                                 126-129
                                          At least contains:
                                          1. Transaction date, value, and object;
                                          2. Name of transacting parties;
                                          3. Nature of affiliations (if any);
                                          4. Description of the fairness of the transaction;
                                          5. Compliance with related rules and regulations; and
                                          6. In the event that there is an affiliation relationship, apart from disclosing the information as
                                               referred to in point 1) to point 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;
                                          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).
 undangan     yang    berpengaruh         Along with the impact on the Financial Statements (if any).
 signifikan terhadap perusahaan
 pada tahun buku terakhir.                                                                                                                          129
 Amendments to laws and regulations
 which have a significant effect on the
 Company in the fiscal year.




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            Kriteria                                                        Penjelasan                                               Halaman
            Criteria                                                       Descriptions                                               Page

Perubahan kebijakan akuntansi      Disertai alasan dan dampaknya terhadap Laporan Keuangan (jika ada).
yang diterapkan perusahaan pada    Completed with the reasons and impact on the Financial Statements (if any).
tahun buku terakhir.
                                                                                                                                       131
Changes in accounting policies
implemented by the company in
the last financial year.

Tata Kelola Perusahaan (Corporate Governance)
Corporate Governance

Rapat Umum Pemegang Saham          Paling sedikit memuat:
(RUPS).                            1. Informasi mengenai keputusan RUPS pada tahun buku dan 1 tahun sebelumnya meliputi:
General Meeting of Stakeholders         a. Keputusan RUPS yang direalisasikan pada tahun buku; dan
(GMS).                                  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.
                                   At least contains:                                                                                156-161
                                   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:
The Board of Commissioners.        1. Tugas dan tanggung jawab Dewan Komisaris;
                                   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.
                                                                                                                                     162-172
                                   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.




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             Kriteria                                                          Penjelasan                                                Halaman
             Criteria                                                         Descriptions                                                Page

 Direksi.                            Paling sedikit memuat:
 The Board of Directors.             1. Tugas dan tanggung jawab masing-masing anggota Direksi (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.
                                                                                                                                           173;
                                     At least contains:
                                                                                                                                         176-180
                                     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:
 Dewan Komisaris dan Direksi.        1. Prosedur nominasi, meliputi uraian singkat mengenai kebijakan dan proses nominasi
 The nomination and remuneration          anggota Dewan Komisaris dan/atau anggota Direksi;
 of the Board of Directors and the   2. Prosedur dan pelaksanaan remunerasi Dewan Komisaris dan Direksi, antara lain:
 Board of Commissioners.                  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.
                                     At least contains:                                                                                  181-182
                                     1. Nomination procedure, including a brief description of the 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 prinsip syariah sebagaimana
Sharia Supervisory Board.          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.
                                                                                                                                          N/A
                                   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:
Audit Committee.                   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.
                                                                                                                                        184-192
                                   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 financial year, in accordance with the Audit Committee
                                        Charter.

Komite atau fungsi nominasi dan    Paling sedikit memuat:
remunerasi.                        1. Nama dan jabatannya dalam keanggotaan komite;
The nomination and remuneration    2. Usia;
committee or function.             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);
                                                                                                                                        192-196
                                        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; dan




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             Kriteria                                                         Penjelasan                                              Halaman
             Criteria                                                        Descriptions                                              Page

                                       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.
                                       At least contains:
                                       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);
                                            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 it has a guideline or charter;
                                       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; and
                                       13. In the event that no nomination and remuneration committee is formed, the Company is
                                            sufficient to disclose the information as referred to in No. 9-12, and disclose:
                                            a. Reasons for not forming the committee; and
                                            b. The party carrying out the nomination and remuneration function.

 Komite-komite lain yang dimiliki      Paling sedikit memuat:
 perusahaan     dalam     rangka       1. Nama dan jabatannya dalam keanggotaan komite;
 mendukung fungsi dan tugas            2. Usia;
 Dewan Komisaris dan Direksi.          3. Kewarganegaraan;
 Other committees owned by             4. Riwayat pendidikan;
 Companies in order to support the     5. Riwayat jabatan, meliputi informasi:
 functions and tasks of the Board of        a. Dasar hukum penunjukan sebagai anggota komite;
 Commissioners and the Board of             b. Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau
 Directors.                                     anggota komite, serta jabatan lainnya (jika ada);
                                            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.
                                                                                                                                         N/A
                                       At least contains:
                                       1. Name and position in the Committee;
                                       2. Age;
                                       3. Citizenship;
                                       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.




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             Kriteria                                                       Penjelasan                                               Halaman
             Criteria                                                      Descriptions                                               Page

Sekretaris Perusahaan.             Paling sedikit memuat:
Corporate Secretary.               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.
                                   At least contains:                                                                                197-200
                                   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 financial year; and
                                   6. Brief description on the implementation of Corporate Secretary’s duties during the financial
                                        year.

Unit Audit Internal.               Paling sedikit memuat:
Internal Audit Unit.               1. Nama Kepala Unit Audit Internal;
                                   2. Riwayat jabatan, meliputi:
                                        a. Dasar hukum penunjukan sebagai Kepala Unit Audit Internal; dan
                                        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.
                                   At least contains:                                                                                205-216
                                   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; and
                                        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 financial 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 financial
                                        year, including the meeting frequency with the Board of Commissioners, Board of Directors,
                                        and/or Audit Committee.

Uraian     mengenai      sistem    Paling sedikit memuat:
pengendalian internal.             1. Pengendalian keuangan dan operasional, serta kepatuhan terhadap peraturan perundang-
Description on internal control         undangan lainnya;
system.                            2. Tinjauan atas efektivitas sistem pengendalian internal; dan
                                   3. Pernyataan Direksi dan/atau Dewan Komisaris atas kecukupan sistem pengendalian internal.
                                                                                                                                     217-219
                                   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    Paling sedikit memuat:
manajemen risiko.                  1. Gambaran umum mengenai sistem manajemen risiko perusahaan;
Description of risk management     2. Jenis risiko dan cara pengelolaannya;
system.                            3. Tinjauan atas efektivitas sistem manajemen risiko perusahaan; dan
                                   4. Pernyataan Direksi dan/atau Dewan Komisaris atau komite audit atas kecukupan sistem
                                        manajemen risiko.
                                                                                                                                     220-225
                                   At least contains:
                                   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:
 material yang dihadapi oleh         1. Pokok perkara/gugatan;
 perusahaan, Entitas Anak, anggota   2. Status penyelesaian perkara/gugatan; dan
 Direksi dan anggota Dewan           3. Pengaruhnya terhadap kondisi perusahaan.
 Komisaris (jika ada).               At least contains:
 Legal cases that have a material    1. Substance of the case/claim;                                                                    225
 impact faced by the Company,        2. Status of settlement of case/claim; and
 subsidiaries, members of the        3. Impacts on the Company’s condition.
 Board of Directors and members
 of the Board of Commissioners (if
 any).

 Sanksi administratif.               Informasi tentang sanksi administratif/sanksi yang dikenakan kepada perusahaan, anggota
 Administrative sanctions.           Dewan Komisaris dan anggota Direksi, oleh Otoritas Jasa Keuangan dan otoritas lainnya pada
                                     tahun buku (jika ada);
                                                                                                                                        225
                                     Information about administrative sanctions/sanctions imposed to 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:
 Code of Conduct.                    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.
                                                                                                                                        226
                                     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 for the Board of Commissioners, the Board
                                          of Directors, and employees of the Company.

 Kebijakan pemberian kompensasi      Antara lain berupa program kepemilikan saham oleh manajemen (management stock ownership
 jangka panjang berbasis kinerja     program/MSOP) dan/atau program kepemilikan saham oleh karyawan (employee stock ownership
 kepada    manajemen    dan/atau     program/ESOP).
 karyawan (jika ada).
 Policy on providing performance-    Dalam hal pemberian kompensasi berupa ESOP/MESOP, informasi yang diungkapkan paling
 based long-term compensation to     sedikit memuat:
 management and/or employees (if     1. Jumlah saham dan/atau opsi;
 any).                               2. Jangka waktu pelaksanaan;
                                     3. Persyaratan karyawan dan/atau manajemen yang berhak; dan
                                     4. Harga pelaksanaan atau penentuan harga pelaksanaan.                                             234
                                     This includes, among others, management stock ownership program (MSOP) and/or an employee
                                     stock ownership program (ESOP).

                                     In the event that compensation is given in the form of ESOP/MESOP, 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:
 Information disclosure policy.      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.
                                                                                                                                       81-82
                                     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:
(whistleblowing system).              1. Cara penyampaian laporan pelanggaran;
Whistleblowing system.                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.                                                                                   227-229
                                      At least contains:
                                      1. Mechanism for violation reporting;
                                      2. Protection for the whistleblower;
                                      3. Handling of violation reports;
                                      4. Unit responsible for handling of 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:
Anti-corruption policy.               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.
                                                                                                                                          230-232
                                      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:
Kelola Perusahaan Terbuka bagi        1. Pernyataan mengenai rekomendasi yang telah dilaksanakan; dan/atau
perusahaan yang menerbitkan efek      2. Penjelasan atas rekomendasi yang belum dilaksanakan, disertai alasan dan alternatif
bersifat ekuitas atau perusahaan          pelaksanaannya (jika ada).
publik.
Implementation of the Guidelines      Catatan:
of Corporate Governance for           Pengungkapan informasi dapat disajikan dalam bentuk tabel.
                                                                                                                                          236-239
Public Companies for Issuer           Include:
issuing Equity Securities or Public   1. Statement regarding recommendation that have been implemented; and/or
Company.                              2. Description of recommendation 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
                                                                                                                                          265-282
Corporate Social and Environmental Responsibility.

Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris tentang Tanggung Jawab atas Laporan Tahunan.
                                                                                                                                           48-49
Statement of the Board of Directors and the Board of Commissioners regarding the Responsibility for Annual Report.

Laporan Keuangan Tahunan yang Telah Diaudit
                                                                                                                                            301
Audited Annual Financial Statements




300                                                                                                                            Laporan Tahunan 2024
Page 303
                  Laporan Keuangan
                        Konsolidasian
      PT Sawit Sumbermas Sarana Tbk
            dan Entitas Anak Tanggal
                    31 Desember 2024
                    Consolidated Financial Statements of
        PT Sawit Sumbermas Sarana Tbk and Subsidiaries
                                as of December 31, 2024




2024 Annual Report                                    301
Page 304
                                                                                         The original consolidated financial statements included herein
                                                                                                                       are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                             PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
       LAPORAN KEUANGAN KONSOLIDASIAN                                                            CONSOLIDATED FINANCIAL STATEMENTS
         TANGGAL 31 DESEMBER 2024 DAN                                                                AS OF DECEMBER 31, 2024 AND
          UNTUK TAHUN YANG BERAKHIR                                                                     FOR YEAR THEN ENDED
            PADA TANGGAL TERSEBUT                                                                WITH INDEPENDENT AUDITOR’S REPORT
      BESERTA LAPORAN AUDITOR INDEPENDEN


                                Daftar Isi                                                                   Table of Contents


                                                                         Halaman/
                                                                          Page

Surat Pernyataan Direksi                                                                                      Board of Directors’ Statement Letter

Laporan Auditor Independen                                                                                           Independent Auditor’s Report

Laporan Posisi Keuangan Konsolidasian....................                  1-3         ….............. Consolidated Statement of 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 Konsolidasian ................                      6        .….……… Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian ...............................             7-8         .………………….Consolidated Statement of Cash Flows

Catatan atas Laporan Keuangan                                                                                                   Notes to the Consolidated
    Konsolidasian.....................................................    9 - 179 ................................................. Financial Statements



                                                                    **************************
Page 305

          
Page 306
                                                            The original report included herein is in the Indonesian language.




Laporan Auditor Independen                              Independent Auditor’s Report

Laporan No.      00169/2.1032/AU.1/01/0687-             Report    No.           00169/2.1032/AU.1/01/0687-
5/1/III/2025                                            5/1/III/2025


Pemegang Saham, Dewan Komisaris, dan Direksi            The   Shareholders   and    the                      Boards         of
PT Sawit Sumbermas Sarana Tbk.                          Commissioners and Directors
                                                        PT Sawit Sumbermas Sarana Tbk.

Opini                                                   Opinion

Kami telah mengaudit laporan keuangan                   We have audited the accompanying consolidated
konsolidasian PT Sawit Sumbermas Sarana Tbk.            financial statements of PT Sawit Sumbermas
“Perseroan” dan entitas anaknya (secara kolektif        Sarana Tbk. (the “Company”) and its subsidiaries
disebut sebagai “Kelompok Usaha”) 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 of
konsolidasian, dan laporan arus kas konsolidasian       changes in equity, and consolidated statement of
untuk tahun yang berakhir pada tanggal tersebut,        cash flows for the year then ended, and notes to
serta    catatan     atas   laporan    keuangan         the consolidated financial statements, including
konsolidasian, termasuk informasi kebijakan             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     Kelompok     Usaha    tanggal         the Group as of December 31, 2024 and its
31 Desember 2024, serta kinerja keuangan dan            consolidated financial performance and cash flows
arus kas konsolidasian nya untuk tahun yang             for the year then ended, in accordance with
berakhir pada tanggal tersebut, sesuai dengan           Indonesian Financial Accounting Standards.
Standar Akuntansi Keuangan di Indonesia.




                                                    i
Page 307
                                                             The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                    Independent Auditor’s Report (continued)

Laporan No. 00169/2.1032/AU.1/01/0687-                   Report    No.     00169/2.1032/AU.1/01/0687-
5/1/III/2025 (lanjutan)                                  5/1/III/2025 (continued)


Basis opini                                              Basis for opinion

Kami melaksanakan audit kami berdasarkan                 We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut              Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung              Indonesian Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan            (“IICPA”). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab               standards are further described in the Auditor’s
Auditor terhadap Audit atas Laporan Keuangan             Responsibilities for the Audit of the Consolidated
Konsolidasian pada laporan kami. Kami                    Financial Statements paragraph of our report.
independen       terhadap    Kelompok     Usaha          We are independent of the Group in accordance
berdasarkan ketentuan etika yang relevan dalam           with the ethical requirements relevant to our audit
audit kami atas laporan keuangan konsolidasian di        of the consolidated financial statements in
Indonesia, dan kami telah memenuhi tanggung              Indonesia, and we have fulfilled our other
jawab etika lainnya berdasarkan ketentuan                ethical responsibilities in accordance with such
tersebut. Kami yakin bahwa bukti audit yang telah        requirements. We believe that the audit evidence
kami peroleh adalah cukup dan tepat untuk                we have obtained is sufficient and appropriate to
menyediakan suatu basis bagi opini kami.                 provide a basis for our opinion.

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 in
yang paling signifikan dalam audit kami atas             our audit of the consolidated financial statements
laporan keuangan konsolidasian periode kini. Hal         of the current period. Such key audit matters were
audit utama tersebut disampaikan dalam konteks           addressed in the context of our audit of the
audit kami atas laporan keuangan konsolidasian           consolidated financial statements taken as a whole,
secara keseluruhan, dan dalam merumuskan opini           and in forming our opinion thereon, and we do not
kami atas laporan keuangan konsolidasian terkait,        provide a separate opinion on such key audit
dan kami tidak menyatakan suatu opini terpisah           matters. For the key audit matter below, our
atas hal audit utama tersebut. Untuk hal audit           description of how our audit addressed such key
utama di bawah ini, penjelasan kami tentang              audit matter is provided in such context.
bagaimana audit kami merespons hal tersebut
disampaikan dalam konteks tersebut.




                                                    ii
Page 308
                                                               The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00169/2.1032/AU.1/01/0687-                    Report    No.     00169/2.1032/AU.1/01/0687-
5/1/III/2025 (lanjutan)                                   5/1/III/2025 (continued)


Hal audit Utama (lanjutan)                                Key audit matters (continued)

Kami telah memenuhi tanggung jawab yang                   We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab                   the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan              Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk                 our report, including in relation to the key audit
sehubungan dengan hal audit utama yang                    matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu,            audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang             designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas              of material misstatement of the accompanying
risiko kesalahan penyajian material dalam laporan         consolidated financial statements. The results of
keuangan konsolidasian terlampir. Hasil prosedur          our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan              performed to address the key audit matter below,
untuk merespons hal audit utama di bawah ini,             provide the basis for our opinion on the
menyediakan basis bagi opini kami atas laporan            accompanying consolidated financial statements.
keuangan konsolidasian terlampir.

Evaluasi penurunan nilai piutang plasma                   Impairment assessment of plasma receivables

Penjelasan atas hal audit utama:                          Description of the key audit matter:

Perseroan dan entitas-entitas anak tertentu               The Company and certain subsidiaries have
memiliki komitmen dengan beberapa Koperasi                commitments with several rural cooperatives
Unit Desa yang mewakili petani plasma                     representing plasma farmers to develop plasma
untuk mengembangkan perkebunan plasma                     plantations as required by the Indonesian
sebagaimana diwajibkan oleh Pemerintah                    Government and disclosed in Note 15 to the
Indonesia seperti diungkapkan dalam Catatan 15            consolidated financial statements. As at December
atas laporan keuangan konsolidasian. Pada                 31, 2024, the balance of the Group’s plasma
tanggal 31 Desember 2024, saldo piutang plasma            receivables after allowance for impairment loss and
Kelompok Usaha setelah penyisihan penurunan               effective interest rate (“EIR”) amortization
nilai dan amortisasi suku bunga efektif (“SBE”)           amounted to Rp447,3 billion.
adalah sebesar Rp447.3 miliar.

Piutang plasma diklasifikasikan sebagai aset              Plasma receivables are classified as financial
keuangan yang diukur pada biaya perolehan                 assets at amortized cost under PSAK 109:
diamortisasi berdasarkan PSAK 109: Instrumen              Financial Instruments (since January 1, 2024
Keuangan (sejak 1 Januari 2024 dirujuk sebagai            referred to as PSAK 109). The Group estimates
PSAK 109). Kelompok Usaha melakukan estimasi              allowance for impairment of plasma receivables
penyisihan penurunan nilai piutang plasma                 using general approach of expected credit losses
dengan menggunakan pendekatan umum atas                   (ECL) as these receivables contain significant
kerugian kredit ekspektasian (KKE) karena                 financing component based on the expected cash
piutang ini mengandung komponen pembiayaan                shortfalls, discounted at an approximation of the
yang     signifikan,  berdasarkan    perkiraan            original Effective Interest Rate.
kekurangan kas yang didiskontokan dengan
perkiraan Suku Bunga Efektif awal.



                                                    iii
Page 309
                                                               The original report included herein is in the Indonesian language.



Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00169/2.1032/AU.1/01/0687-                    Report    No.     00169/2.1032/AU.1/01/0687-
5/1/III/2025 (lanjutan)                                   5/1/III/2025 (continued)


Hal audit Utama (lanjutan)                                Key audit matters (continued)

Evaluasi penurunan       nilai   piutang   plasma         Impairment assessment of plasma receivables
(lanjutan)                                                (continued)

Penjelasan atas hal audit utama (lanjutan):               Description of the key audit matter (continued):

Evaluasi penurunan nilai piutang plasma ini adalah        The Impairment assessment of plasma receivables
hal audit utama bagi kami karena saldo piutang            estimation is a key audit matter to us because the
plasma adalah material terhadap laporan                   balance of plasma receivables is material to the
keuangan konsolidasian dan pertimbangan dan               consolidated financial statements and significant
estimasi yang signifikan dari manajemen                   judgments and estimates from the management is
diperlukan dalam penentuan asumsi-asumsi                  required in establishing key assumption in such
utama dalam evaluasi penurunan nilai tersebut,            assessment, such as production yield of Fresh Fruit
seperti volume produksi Tandan Buah Segar                 Bunches (FFB), production costs of the plasma
(TBS), biaya produksi kebun plasma, dan harga             plantations, and the selling price of FFB. Relevant
jual TBS. Pengungkapan yang relevan terkait               disclosures related to this matter are included in
dengan hal ini tercakup dalam Catatan 15 atas             Note 15 to the consolidated financial statements.
laporan keuangan konsolidasian.

Respons audit:                                            Audit response:

Kami mengevaluasi dan menguji rancangan                   We evaluated and assessed the design of the key
pengendalian utama atas proses uji penurunan              controls over the process of impairment test of
nilai piutang plasma. Kami melakukan reviu atas           plasma receivables. We reviewed the estimated
model keuangan yang digunakan untuk estimasi              future cash flow model to assess the
arus kas masa depan dalam menilai ketepatan               appropriateness of the methodology employed by
metodologi yang dipakai oleh manajemen                    the management and the reasonableness of the key
dan kewajaran asumsi-asumsi utama yang                    assumptions used as mentioned above by
digunakan seperti disebutkan di atas dengan               comparing them to data sources accessible by
membandingkannya dengan sumber data yang                  public and the Group’s internal financial data and
dapat diakses publik dan data serta dokumen               documents. We also tested the mathematical
keuangan internal Kelompok Usaha. Kami juga               accuracy and application of the key assumptions
memeriksa keakuratan matematis dan aplikasi               into the cash flows forecast. We also assessed the
asumsi-asumsi utama kedalam proyeksi arus kas.            adequacy of the disclosures on impairment
Kami juga menilai kecukupan pengungkapan atas             assessment of plasma receivables in the
evaluasi penurunan nilai piutang plasma pada              consolidated financial statements.
laporan keuangan konsolidasian.

Informasi lain                                            Other information

Manajemen bertanggung jawab atas informasi                Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang          information. Other information comprises the
tercantum dalam Laporan Tahunan 2024                      information included in the 2024 Annual Report
(“Laporan Tahunan”) selain laporan keuangan               (“The Annual Report”) other than the
konsolidasian terlampir dan laporan auditor               accompanying consolidated financial statements
independen kami. Laporan Tahunan diharapkan               and our independent auditor’s report thereon. The
akan tersedia bagi kami setelah tanggal laporan           Annual Report is expected to be made available to
auditor independen ini.                                   us after the date of this independent auditor’s
                                                          report.



                                                     iv
Page 310
                                                           The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                 Independent Auditor’s Report (continued)

Laporan No. 00169/2.1032/AU.1/01/0687-                Report    No.     00169/2.1032/AU.1/01/0687-
5/1/III/2025 (lanjutan)                               5/1/III/2025 (continued)


Informasi lain (lanjutan)                             Other information (continued)

Opini kami atas laporan keuangan konsolidasian        Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan         financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk         Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan                 form of assurance on the Annual Report.
tersebut.

Sehubungan dengan audit kami atas laporan             In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung            consolidated       financial    statements,    our
jawab kami adalah untuk membaca Laporan               responsibility is to read the Annual Report when it
Tahunan     ketika    tersedia     dan,  dalam        becomes available and, in doing so, consider
melaksanaannya, mempertimbangkan apakah               whether the Annual Report is materially
Laporan          Tahunan            mengandung        inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan          financial statements or our knowledge obtained in
keuangan     konsolidasian     terlampir  atau        the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit,             misstated.
atau mengandung kesalahan penyajian material.

Ketika kami membaca Laporan Tahunan, jika             When we read the Annual Report, if we conclude
kami menyimpulkan bahwa terdapat suatu                that there is a material misstatement therein, we
kesalahan penyajian material di dalamnya, kami        are required to communicate the matter to those
diharuskan untuk mengomunikasikan           hal       charged with governance and take appropriate
tersebut kepada pihak yang bertanggung jawab          actions based on the applicable laws and
atas tata kelola dan melakukan tindakan yang          regulations.
tepat berdasarkan 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 and
dan penyajian wajar laporan keuangan                  fair presentation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar          statements in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia, dan atas             Accounting Standards, and for such internal
pengendalian internal yang dianggap perlu oleh        control as management determines is necessary to
manajemen untuk memungkinkan penyusunan               enable the preparation of consolidated financial
laporan keuangan konsolidasian yang bebas dari        statements that are free from material
kesalahan penyajian material, baik yang               misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.




                                                  v
Page 311
                                                              The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                    Independent Auditor’s Report (continued)

Laporan No. 00169/2.1032/AU.1/01/0687-                   Report    No.     00169/2.1032/AU.1/01/0687-
5/1/III/2025 (lanjutan)                                  5/1/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 statements,
konsolidasian, manajemen bertanggung jawab               management is responsible for assessing the
untuk menilai kemampuan Kelompok Usaha dalam             Group’s ability to continue as a going concern,
mempertahankan         kelangsungan  usahanya,           disclosing, as applicable, matters related to going
mengungkapkan, sesuai dengan kondisinya, hal-            concern, and using the going concern basis of
hal yang berkaitan dengan kelangsungan usaha,            accounting, unless management either intends to
dan menggunakan basis akuntansi kelangsungan             liquidate the Group or to cease its operations, or
usaha, kecuali manajemen memiliki intensi untuk          has no realistic alternative but to do so.
melikuidasi Kelompok Usaha atau menghentikan
operasi, atau tidak memiliki alternatif yang
realistis selain melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola            Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses                 overseeing the Group’s financial reporting process.
pelaporan keuangan Kelompok Usaha.

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 assurance
memadai tentang apakah laporan keuangan                  about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari              statements taken as a whole are free from material
kesalahan penyajian material, baik yang                  misstatement, whether due to fraud or error, and
disebabkan oleh kecurangan maupun kesalahan,             to issue an independent auditor’s report that
dan untuk menerbitkan laporan auditor                    includes our opinion. Reasonable assurance
independen yang mencakup opini kami. Keyakinan           is a high level of assurance, but is not a guarantee
memadai merupakan suatu tingkat keyakinan                that an audit conducted in accordance with
tinggi, namun bukan merupakan suatu jaminan              Standards on Auditing established by the IICPA will
bahwa audit yang dilaksanakan berdasarkan                always detect a material misstatement when it
Standar Audit yang ditetapkan oleh IAPI akan             exists. Misstatements can arise from fraud or error
selalu mendeteksi kesalahan penyajian material           and are considered material if, individually or in the
ketika hal tersebut ada. Kesalahan penyajian             aggregate, they could reasonably be expected to
dapat disebabkan oleh kecurangan maupun                  influence the economic decisions of users taken on
kesalahan dan dianggap material jika, baik secara        the basis of these consolidated financial
individual maupun agregat, dapat diekspektasikan         statements.
secara wajar akan memengaruhi keputusan
ekonomi yang diambil oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.




                                                    vi
Page 312
                                                               The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00169/2.1032/AU.1/01/0687-                    Report    No.     00169/2.1032/AU.1/01/0687-
5/1/III/2025 (lanjutan)                                   5/1/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 on
Standar Audit yang ditetapkan oleh IAPI, kami             Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                   professional judgment and maintain professional
mempertahankan skeptisisme profesional selama             skepticism throughout the audit. We also:
audit. Kami juga:

   Mengidentifikasi dan menilai risiko kesalahan            Identify and assess the risks of material
    penyajian material dalam laporan keuangan                 misstatement of the consolidated financial
    konsolidasian, baik yang disebabkan oleh                  statements, whether due to fraud or error,
    kecurangan maupun kesalahan, mendesain                    design and perform audit procedures
    dan melaksanakan prosedur audit yang                      responsive to such risks, and obtain audit
    responsif terhadap risiko tersebut, serta                 evidence that is sufficient and appropriate to
    memeroleh bukti audit yang cukup dan tepat                provide a basis for our opinion. The risk of not
    untuk menyediakan basis bagi opini kami.                  detecting a material misstatement resulting
    Risiko tidak terdeteksinya suatu kesalahan                from fraud is higher than for one resulting from
    penyajian material yang disebabkan oleh                   error, as fraud may involve collusion, forgery,
    kecurangan lebih tinggi dari yang disebabkan              intentional omissions, misrepresentations, or
    oleh kesalahan, karena kecurangan dapat                   override of internal control.
    melibatkan kolusi, pemalsuan, penghilangan
    secara sengaja, pernyataan salah, atau
    pengabaian atas pengendalian internal.

   Memeroleh suatu pemahaman tentang                        Obtain an understanding of internal control
    pengendalian internal yang relevan dengan                 relevant to the audit in order to design audit
    audit untuk mendesain prosedur audit yang                 procedures that are appropriate in the
    tepat sesuai dengan kondisinya, tetapi bukan              circumstances, but not for the purpose of
    untuk tujuan menyatakan opini atas                        expressing an opinion on the effectiveness of
    keefektivitasan    pengendalian      internal             the Group’s internal control.
    Kelompok Usaha.

   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.




                                                    vii
Page 313
                                                                   The original report included herein is in the Indonesian language.



Laporan Auditor Independen (lanjutan)                         Independent Auditor’s Report (continued)

Laporan No. 00169/2.1032/AU.1/01/0687-                        Report    No.     00169/2.1032/AU.1/01/0687-
5/1/III/2025 (lanjutan)                                       5/1/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 on
Standar Audit yang ditetapkan oleh IAPI, kami                 Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                       professional judgment and maintain professional
mempertahankan skeptisisme profesional selama                 skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan)                                  (continued)

   Menyimpulkan ketepatan penggunaan basis                      Conclude on       the appropriateness of
    akuntansi     kelangsungan       usaha     oleh               management's use of the going concern basis
    manajemen dan, berdasarkan bukti audit yang                   of accounting and, based on the audit evidence
    diperoleh,     apakah      terdapat       suatu               obtained, whether a material uncertainty exists
    ketidakpastian material yang terkait dengan                   related to events or conditions that may cast
    peristiwa    atau     kondisi    yang     dapat               significant doubt on the Group's ability to
    menyebabkan keraguan signifikan atas                          continue as a going concern. If we conclude
    kemampuan        Kelompok      Usaha      untuk               that a material uncertainty exists, we are
    mempertahankan kelangsungan usahanya.                         required to draw attention in our independent
    Ketika kami menyimpulkan bahwa terdapat                       auditor’s report to the related disclosures in
    suatu     ketidakpastian      material,    kami               the consolidated financial statements or, if
    diharuskan untuk menarik perhatian dalam                      such disclosures are inadequate, to modify our
    laporan auditor independen kami ke                            opinion. Our conclusion is based on the audit
    pengungkapan       terkait    dalam     laporan               evidence obtained up to the date of our
    keuangan       konsolidasian      atau,     jika              independent auditor’s report. However, future
    pengungkapan tersebut tidak memadai,                          events or conditions may cause the Group to
    memodifikasi opini kami. Kesimpulan kami                      cease to continue as a going concern.
    didasarkan pada bukti audit yang diperoleh
    hingga tanggal laporan auditor independen
    kami. Namun, peristiwa atau kondisi masa
    depan dapat menyebabkan Kelompok Usaha
    tidak dapat mempertahankan kelangsungan
    usaha.




                                                       viii
Page 314
                                                              The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                    Independent Auditor’s Report (continued)

Laporan No. 00169/2.1032/AU.1/01/0687-                   Report    No.     00169/2.1032/AU.1/01/0687-
5/1/III/2025 (lanjutan)                                  5/1/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 on
Standar Audit yang ditetapkan oleh IAPI, kami            Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                  professional judgment and maintain professional
mempertahankan skeptisisme profesional selama            skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan)                             (continued)

   Mengevaluasi penyajian, struktur, dan isi               Evaluate the overall presentation, structure,
    laporan keuangan konsolidasian secara                    and content of the consolidated financial
    keseluruhan, termasuk pengungkapannya,                   statements, including the disclosures, and
    dan apakah laporan keuangan konsolidasian                whether the consolidated financial statements
    mencerminkan transaksi dan peristiwa yang                represent the underlying transactions and
    mendasarinya dengan suatu cara yang                      events in a manner that achieves fair
    mencapai penyajian wajar.                                presentation.

   Memeroleh bukti audit yang cukup dan tepat              Obtain sufficient appropriate audit evidence
    terkait informasi keuangan entitas atau                  regarding the financial information of the
    aktivitas bisnis dalam Kelompok Usaha untuk              entities or business activities within the Group
    menyatakan opini atas laporan keuangan                   to express an opinion on the consolidated
    konsolidasian. Kami bertanggung jawab atas               financial statements. We are responsible for
    arahan, supervisi, dan pelaksanaan audit                 the direction, supervision, and performance of
    Kelompok Usaha. Kami tetap bertanggung                   the group audit. We remain solely responsible
    jawab sepenuhnya atas opini audit kami.                  for our audit opinion.

Kami mengomunikasikan kepada pihak yang                  We communicate with those charged with
bertanggung jawab atas tata kelola mengenai,             governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang                 planned scope and timing of the audit and
direncanakan atas audit serta temuan audit               significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan        deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi         during our audit.
oleh kami selama audit.

Kami juga memberikan suatu pernyataan kepada             We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola            with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika yang           relevant     ethical requirements    regarding
relevan       mengenai      independensi,     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.




                                                    ix
Page 315
                                                              The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                    Independent Auditor's Report (continued)

Laporan No. 00169/2.1032/AU.1/01/0687-                   Report    No.     00169/2.1032/AU.1/01/0687-
5/1/III/2025 (lanjutan)                                  5/1/III/20Z5 (continued)


Tanggung jawab auditor terhadap audit atas               Auditor's responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)                consolidated financial statements (continued)

Dari hal-hal yang dikomunikasikan kepada pihak           From the matters communicated with those
yang bertanggung jawab atas tata kelola, kami            charged with governance, we determine those
menentukan hal-hal tersebut yang paling                  matters that were of most significance in the audit
signifikan tlalam audit atas laporan keuangan            of the consolidated financial statements of the
konsolidasian periode kini dan oleh karenanya            current period and are therefore the key audit
menjadi hal audit utama. Kami menguraikan hal            matters. We describe such key audit matters in our
audit utama tersebut tlalam laporan auditor              independent auditor's report unless laws or
independen kami kecuali peraturan perundang-             regulations preclude public disclosure about such
undangan melarang pengungkapan publik tentang            key audit matters or when, in extremely rare
hal audit utama tersebut atau ketika, dalam              circumstances, we determine that a key audit
kondisi yang sangat jarang terjadi, kami                 matter should not be communicated in our
menentukan bahwa suatu hal audit utama tidak             independent auditor's report because the adverse
boleh dikomunikasikan dalam laporan auditor              consequences of doing so would reasonably be
independen kami karena konsekuensi yang                  expected to outweigh the public interest benefits of
merugikan dari mengomunikasikan hai tersebut             such communication.
akan diekspektasikan secara wajar melebihi
manfaat kepentingan publik atas komunikasi
tersebut.


                              KAP Purwant          Sungkoro & Surja


                                                  1\ r

                                         Agung      rwa to
        Registrasi Akuntan Publik No. AP.0687/,     ,lic A ountant Registration No. AP.0687

                                 10 Maret 2025/Marsh 10, 2025
Page 316
                                                                              The original consolidated financial statements included herein
                                                                                                            are in the Indonesian language.

           PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
                 DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
               LAPORAN POSISI KEUANGAN                                                   CONSOLIDATED STATEMENT
                      KONSOLIDASIAN                                                        OF 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)


                                                 31 Desember/       31 Desember/         31 Desember/
                                     Catatan/    December 31,       December 31,         December 31,
                                      Notes          2024               2023                 2022

ASET                                                                                                                                ASSETS

ASET LANCAR                                                                                                             CURRENT ASSETS
Kas dan setara kas                    2g,2h,4      1.180.282.037         1.237.290.419      1.806.836.518         Cash and cash equivalents
Piutang usaha                                                                                                              Trade receivables
   Pihak berelasi                    2g,2u,33a      480.986.254           617.509.691         443.821.465                  Related parties
   Pihak ketiga                         2g,5         27.472.904            43.034.252         414.432.549                     Third parties
Piutang lain-lain                                                                                                          Other receivables
   Pihak berelasi                    2g,2u,33a      573.849.731           283.923.652         251.958.578                  Related parties
   Pihak ketiga                         2g,6         17.532.166            15.806.332          23.110.194                     Third parties
Persediaan, neto                        2i,7        777.237.166           791.630.056         884.844.829                    Inventories, net
Aset biologis                           2j,8        477.262.681           268.510.895         225.042.572                   Biological assets
Biaya dibayar dimuka                     9            4.229.299             2.444.276           2.267.640                       Prepayments
Uang muka                                                                                                                           Advances
   Pihak ketiga                         10          682.781.925           167.821.390         142.038.917                     Third parties
   Pihak berelasi                      33a           28.303.530            68.871.190          15.222.059                  Related parties
Pajak dibayar di muka                  19a          287.245.098           166.878.084         143.928.450                      Prepaid taxes
Pinjaman kepada pihak berelasi         33a           51.190.924           475.623.562         285.451.862             Loan to related parties
Taksiran tagihan restitusi pajak -                                                                            Estimated claim for tax refund -
   jangka pendek                       19b                    -               692.538                   -                          current
Aset lancar lainnya                     16          643.767.663           888.190.872                   -               Other current assets

TOTAL ASET LANCAR                                  5.232.141.378         5.028.227.209      4.638.955.633       TOTAL CURRENT ASSETS


ASET TIDAK LANCAR                                                                                                 NON-CURRENT ASSETS
Taksiran tagihan restitusi pajak -                                                                           Estimated claims for tax refund -
   jangka panjang                      19c          298.896.361           171.280.506          65.061.177                      non-current
Pinjaman jangka panjang kepada
   pemegang saham yang dapat                                                                                       Long-term convertible loan
   dikonversi                        2g,2v,33a                  -         219.473.951         160.319.303                  to a shareholder
Aset tetap dan tanaman                                                                                                       Fixed assets and
   produktif, neto                     2k,11       4.790.870.955         4.814.421.304      4.843.130.081                 bearer plants, net
Aset tak berwujud, neto                2l,13           3.898.066             6.588.822          9.707.799               Intangible assets, net
Aset hak guna, neto                    2p,12         101.809.679           107.880.726         17.415.656             Right of use assets, net
Investasi saham pada                                                                                               Investment in shares of an
   perusahaan asosiasi                 2z,14        550.419.743           591.891.284         645.231.496              associated company
Aset pajak tangguhan, neto            2q,19g        187.824.862           142.786.096         110.222.141             Deferred tax assets, net
Piutang plasma                                                                                                            Plasma receivables
   setelah dikurangi dengan                                                                                                after net-off with
   penyisihan penurunan nilai                                                                                     allowance for impairment
   Rp27.755.873                                                                                                              Rp27,755,873
   (2023: Rp37.274.799, and                                                                                           (2023: Rp37,274,799
   2022: Nihil)                      2g,2n,15       447.278.064           588.537.684         505.537.041                     and 2022: Nil)
Aset tidak lancar lainnya               16          151.703.229           139.357.051         141.329.473            Other non-current assets

TOTAL ASET TIDAK LANCAR                            6.532.700.959         6.782.217.424      6.497.954.167   TOTAL NON-CURRENT ASSETS

TOTAL ASET                                       11.764.842.337         11.810.444.633     11.136.909.800                   TOTAL ASSETS




       Catatan atas laporan keuangan konsolidasian terlampir                     The accompanying notes to the consolidated financial
              merupakan bagian integral dari laporan                             statements form an integral part of these consolidated
                      keuangan konsolidasian.                                                    financial statements.

                                                                    1
Page 317
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
              LAPORAN POSISI KEUANGAN                                                CONSOLIDATED STATEMENT
               KONSOLIDASIAN (lanjutan)                                          OF 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)


                                                31 Desember/      31 Desember/        31 Desember/
                                    Catatan/    December 31,      December 31,        December 31,
                                     Notes          2024              2023                2022

LIABILITAS DAN EKUITAS                                                                                         LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK                                                                                           CURRENT LIABILITIES
Utang usaha                                                                                                                  Trade payables
    Pihak ketiga                      2g,17        264.074.065         279.793.615         138.796.191                        Third parties
    Pihak berelasi                  2g,2u,33b      113.907.528          84.486.873          83.851.336                     Related parties
Utang lain-lain                                                                                                               Other payables
    Pihak ketiga                      2g,17        393.020.643         702.837.196         837.371.397                        Third parties
    Pihak berelasi                  2g,2u,33b       44.501.687          37.544.615          13.430.138                        Related parties
Liabilitas kontrak                                                                                                         Contract liabilities
    Pihak ketiga                       18          149.275.799          62.478.492         149.626.134                        Third parties
    Pihak berelasi                     18           95.891.000           2.000.000                   -                     Related parties
Utang pajak                          2q,19d        125.870.043          23.595.722         197.832.901                        Taxes payable
Beban akrual                          2g,20        166.221.853          65.502.846         116.654.531                    Accrued expenses
Liabilitas sewa jangka panjang                                                                                          Current maturities of
    jatuh tempo dalam satu tahun      2p,12         13.604.681          13.138.714           1.207.710       of long-term lease liabilities
Liabilitas sewa pembiayaan                                                                                              Current maturities of
   jatuh tempo dalam satu tahun        22            6.254.118             399.347             665.000             finance lease liabilites
Utang obligasi, neto                  2g,23                  -                   -         633.067.305                   Bonds payable, net
Liabilitas imbalan kerja                                                                                      Short-term employee benefit
    karyawan jangka pendek          2g,2s,24        159.070.367         147.986.415        169.022.031                            liabilities
Utang bank jangka pendek               21         2.195.100.881       2.437.341.526        973.981.690                  Short-term bank loan
Utang bank jangka panjang                                                                                               Current maturities of
  jatuh tempo dalam satu tahun         21          989.173.991         897.754.076         856.786.228                long-term bank loan

TOTAL LIABILITAS
  JANGKA PENDEK                                   4.715.966.656       4.754.859.437      4.172.292.592    TOTAL CURRENT LIABILITIES


LIABILITAS JANGKA PANJANG                                                                                   NON-CURRENT LIABILITIES
Utang bank jangka panjang -
   setelah dikurangi bagian jatuh                                                                                   Long-term bank loan -
   tempo dalam satu tahun             2f,21       3.801.160.349       4.766.529.162      4.686.503.481          net of current maturities
Liabilitas sewa jangka panjang        2p,12          76.793.597          64.545.307         10.120.456           Long-term lease liabilities
Liabilitas imbalan kerja                                                                                      Long-term employee benefit
   karyawan jangka panjang            2s,24        200.035.544         196.352.920         155.732.232                          liabilites
Liabilitas pajak tangguhan, neto     2q,19g         79.528.849          38.195.747          67.757.148          Deferred tax liabilities, net

TOTAL LIABILITAS                                                                                                  TOTAL NON-CURRENT
  JANGKA PANJANG                                  4.157.518.339       5.065.623.136      4.920.113.317                   LIABILITIES

TOTAL LIABILITAS                                  8.873.484.995       9.820.482.573      9.092.405.909                TOTAL LIABILITIES




      Catatan atas laporan keuangan konsolidasian terlampir                   The accompanying notes to the consolidated financial
             merupakan bagian integral dari laporan                           statements form an integral part of these consolidated
                     keuangan konsolidasian.                                                  financial statements.

                                                                  2
Page 318
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

           PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
                 DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
               LAPORAN POSISI KEUANGAN                                                  CONSOLIDATED STATEMENT
                KONSOLIDASIAN (lanjutan)                                            OF 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)


                                                31 Desember/       31 Desember/          31 Desember/
                                     Catatan/   December 31,       December 31,          December 31,
                                      Notes         2024               2023                  2022

EKUITAS                                                                                                                               EQUITY
Ekuitas yang dapat                                                                                                       Equity attributable to
  diatribusikan kepada                                                                                                     owners equity of
  pemilik entitas induk                                                                                                    the parent entity
Modal saham                                                                                                                      Share capital
  Modal dasar - 32.100.000.000                                                                                                  Authorized -
      lembar saham                                                                                              32,100,000,000 shares
      nilai nominal Rp100                                                                                      at par value per share of
      (nilai penuh) per saham                                                                                       Rp100 (full amount)
  Modal ditempatkan dan disetor                                                                                      Issued and fully paid -
      penuh - 9.525.000.000 lembar                                                                                        9,525,000,000
      saham                            25a          952.500.000           952.500.000        952.500.000                          shares
Tambahan modal disetor                  26       (2.852.050.343)       (2.852.050.343)       540.919.171             Additional paid-in capital
Selisih transaksi dengan pihak                                                                                 Difference in transactions with
  non-pengendali                       27           89.113.603            89.113.603          89.113.603             non-controlling parties
Saldo laba                                                                                                                  Retained earnings
  Sudah ditentukan penggunaannya       25d        1.858.474.778         1.340.160.714         970.536.918                      Appropriated
  Belum ditentukan penggunaannya                  2.280.648.312         1.979.428.701       3.616.933.978                   Unappropriated
Penghasilan komprehensif lain                       609.411.859           551.074.272         545.353.071      Other comprehensive income
Komponen ekuitas lainnya                           (309.619.637)         (309.619.637)       (309.619.637)            Other equity component
Ekuitas merging entities                                      -                     -      (4.399.464.941)             Merging entities equity

Ekuitas yang dapat                                                                                                      Equity attributable to
  diatribusikan kepada                                                                                                           owners of
      pemilik entitas induk - neto                2.628.478.572         1.750.607.310       2.006.272.163            the parent entity - net
Kepentingan non-pengendali             25e          262.878.770           239.354.750          38.231.728            Non-controlling interests

TOTAL EKUITAS                                     2.891.357.342         1.989.962.060       2.044.503.891                    TOTAL EQUITY

TOTAL LIABILITAS                                                                                                        TOTAL LIABILITIES
  DAN EKUITAS                                   11.764.842.337         11.810.444.633     11.136.909.800                   AND EQUITY




      Catatan atas laporan keuangan konsolidasian terlampir                      The accompanying notes to the consolidated financial
        merupakan bagian integral dari laporan keuangan                          statements form an integral part of these consolidated
                          konsolidasian.                                                         financial statements.

                                                                   3
Page 319
                                                                           The original consolidated financial statements included herein
                                                                                                             are in Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
       LAPORAN LABA RUGI DAN PENGHASILAN                                 CONSOLIDATED STATEMENT OF PROFIT OR LOSS
        KOMPREHENSIF LAIN KONSOLIDASIAN                                      AND OTHER COMPREHENSIVE INCOME
            Untuk tahun yang Berakhir pada                                    For the year Ended December 31, 2024
              Tanggal 31 Desember 2024                                         (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
                kecuali dinyatakan lain)

                                               Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                         For the years ended December 31,

                                   Catatan/
                                    Notes           2024                2023                2022
PENDAPATAN DARI KONTRAK                                                                                              REVENUE FROM
  DENGAN PELANGGAN                  2u,28       10.521.650.695     10.703.411.845        11.240.219.016 CONTRACTS WITH CUSTOMERS
BEBAN POKOK PENJUALAN               2u,29       (7.242.040.109)    (7.904.355.885)       (6.935.789.797)             COST OF SALES

LABA BRUTO                                        3.279.610.586     2.799.055.960         4.304.429.219                       GROSS PROFIT

Beban penjualan                     2u,30         (898.914.514)        (855.378.199)     (1.054.835.672)                      Selling expenses
Beban umum dan administrasi         2u,30         (946.326.561)        (836.073.334)       (767.982.550) General and administrative expenses
Keuntungan/(kerugian) atas                                                                                        Gain/(loss) from changes in
  nilai wajar aset biologis          2k,8          208.751.786          43.468.323         (136.213.040)     fair value of biological assets
Pendapatan lain-lain, neto          2u,30          127.023.195          45.210.750          280.457.303                      Other income, net
LABA USAHA                                        1.770.144.492     1.196.283.500         2.625.855.260                 OPERATING PROFIT
Pendapatan keuangan                 2u,31          108.610.664           87.923.497          17.534.407                        Finance income
Beban keuangan                      2u,31         (611.180.311)        (678.731.638)       (641.352.765)                         Finance costs
Bagian kerugian atas                                                                                                        Equity in net losses
  entitas asosiasi                  2g,14           (41.471.541)        (53.340.212)        (37.350.735)               of an associate entity
LABA SEBELUM                                                                                                 PROFIT BEFORE CORPORATE
  PAJAK PENGHASILAN BADAN                         1.226.103.304        552.135.147        1.964.686.167                  INCOME TAX

PAJAK PENGHASILAN BADAN            2q,19e         (381.411.919)        (208.119.522)       (489.764.327)         CORPORATE INCOME TAX
LABA TAHUN BERJALAN                                                                                          PROFIT FOR THE YEAR AFTER
SETELAH EFEK                                                                                                                 EFFECT OF
PENYESUAIAN PROFORMA                               844.691.385         344.015.625        1.474.921.840         PROFORMA ADJUSTMENT

Efek penyesuaian proforma                                     -        174.298.439         373.197.138           Effect of proforma adjustment

LABA TAHUN BERJALAN                                                                                        PROFIT FOR THE YEAR BEFORE
  SEBELUM EFEK                                                                                                             EFFECT OF
  PENYESUAIAN PROFORMA                             844.691.385         518.314.064        1.848.118.978      PROFORMA ADJUSTMENT
PENGHASILAN KOMPREHENSIF                                                                                          OTHER COMPREHENSIVE
LAIN, SETELAH PAJAK                                                                                                  INCOME, NET OF TAX
Pos yang tidak akan                                                                                                        Item that will not be
  direklasifikasi ke laba rugi                                                                                 reclassified to profit or loss
  Pengukuran kembali                                                                                                         Remeasurements
     Keuntungan/(kerugian) atas                                                                                   gain/(loss) on liability for
     liabilitas imbalan kerja                       32.237.859            8.336.222         (25.037.369)                 employee benefits
  Selisih kurs                                                                                                 Difference in foreign currency
     penjabaran laporan keuangan                    26.624.997          (11.017.567)         42.907.618 translation of financial statements
                                                    58.862.856           (2.681.345)        17.870.249
TOTAL LABA KOMPREHENSIF                                                                                           TOTAL COMPREHENSIVE
  TAHUN BERJALAN                                   903.554.241         515.632.719        1.865.989.227          INCOME FOR THE YEAR
Efek penyesuaian proforma                                                                                        Effect of proforma adjustment
   atas penghasilan/(rugi)                                                                                       from other comprehensive
   komprehensif lain                                          -         11.017.567          (43.237.334)                       income/(loss)
TOTAL LABA KOMPREHENSIF                                                                                 TOTAL COMPREHENSIVE INCOME
  TAHUN BERJALAN SETELAH                                                                                       FOR THE YEAR AFTER
  PENYESUAIAN PROFORMA                             903.554.241         526.650.286        1.822.751.893     PROFORMA ADJUSTMENT




      Catatan atas laporan keuangan konsolidasian terlampir                    The accompanying notes to the consolidated financial
        merupakan bagian integral dari laporan keuangan                        statements form an integral part of these consolidated
                          konsolidasian.                                                       financial statements.

                                                                   4
Page 320
                                                                          The original consolidated financial statements included herein
                                                                                                            are in Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
    LAPORAN LABA RUGI DAN PENGHASILAN                                   CONSOLIDATED STATEMENT OF PROFIT OR LOSS
  KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan)                            AND OTHER COMPREHENSIVE INCOME (continued)
         Untuk tahun yang Berakhir pada                                      For the year Ended December 31, 2024
           Tanggal 31 Desember 2024                                           (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
             kecuali dinyatakan lain)

                                               Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                         For the years ended December 31,

                                   Catatan/
                                    Notes           2024               2023                2022
Laba tahun berjalan                                                                                                     Profit for the year
  diatribusikan kepada:                                                                                                  attributable to:
  Pemilik entitas induk                            819.533.675         512.255.637       1.837.375.968       Owners of the parent entity
  Kepentingan non-pengendali                        25.157.710           6.058.427          10.743.010        Non-controlling interests
                                                   844.691.385         518.314.064       1.848.118.978


Laba komprehensif tahun berjalan                                                                                    Comprehensive income
  yang diatribusikan kepada:                                                                                  for the year attributable to:
  Pemilik entitas induk                            872.645.284         521.065.768       1.814.036.666       Owners of the parent entity
  Kepentingan non-pengendali         25e            30.908.957           5.584.518           8.715.227          Non-controlling interests

                                                   903.554.241         526.650.286       1.822.751.893

Laba per saham (nilai penuh)        2v,32                  86,04              53,78               192,90   Earnings per share (full amount)




      Catatan atas laporan keuangan konsolidasian terlampir                   The accompanying notes to the consolidated financial
        merupakan bagian integral dari laporan keuangan                       statements form an integral part of these consolidated
                          konsolidasian.                                                      financial statements.

                                                                   5
Page 321
                                                                                                                                                                                                               The original consolidated financial statements included herein are in the Indonesian language.



                                             PT SAWIT SUMBERMAS SARANA Tbk.                                                                                                                              PT SAWIT SUMBERMAS SARANA 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 dapat diatribusikan kepada pemilik entitas induk/
                                                                                                                Equity attributable to owners of the parent entity

                                                                                                  Selisih
                                                                                               Transaksi
                                                                                             dengan pihak
                                                                                            Non-pengendali/
                                                     Modal                                     Difference
                                               ditempatkan dan                                  in value            Penghasilan          Komponen                Saldo laba/Retained earnings
                                                disetor penuh/         Tambahan             of transactions         komprehensif           ekuitas                                                            Ekuitas                                      Kepentingan
                                                  Issued and          modal disetor/           with non-             lain/Other            lainnya/             Ditentukan        Belum ditentukan         merging entities/                             non pengendali/
                                                   fully paid           Additional            controlling          comprehensive         Other equity        penggunaannya/       penggunaannya/           Merging entities            Total/            Non-controlling         Total ekuitas/
                                                 Share capital        paid-in capital            interest              income            component             appropriated        unappropriated              equity                  Total                interests             Total equity


Saldo 31 Desember 2021                               952.500.000            540.919.171           89.113.603            577.572.471         (309.619.637 )        665.162.743          3.559.342.294         (4.651.824.738)         1.423.165.907             32.517.120          1.455.683.027        Balance at December 31, 2021

Penyesuaian efek ekuitas                                                                                                                                                                                                                                                                                         Adjustment of effect of
  merging entities yang timbul                                                                                                                                                                                                                                                                         merging entities equity from
  dari penerapan PSAK 338                                        -                      -                    -                      -                   -                    -                       -          252.359.797            252.359.797                        -          252.359.797         application of PSAK 338

Cadangan umum (Catatan 25d)                                      -                      -                    -                      -                   -         305.374.175           (305.374.175)                       -                      -                      -                       -        General reserves (Notes 25d)

Pembayaran dividen (Catatan 25b)                                 -                      -                    -                      -                   -                    -        (1.474.410.109)                       -       (1.474.410.109)             (3.000.620)        (1.477.410.729)            Dividend paid (Notes 25b)

Efek translasi                                                   -                      -                    -            (8.880.097)                   -                    -                       -                      -            (8.880.097)                      -            (8.880.097)                     Translation effect

Penghasilan komprehensif lain                                    -                      -                    -           (23.339.303)                   -                    -                       -                      -           (23.339.303)            (2.027.782)           (25.367.085)         Other comprehensive income

Total laba tahun yang berakhir pada                                                                                                                                                                                                                                                                        Total profit for the year ended
  Tanggal 31 Desember 2022                                       -                      -                    -                      -                   -                    -         1.837.375.968                        -        1.837.375.968             10.743.010          1.848.118.978               December 31, 2022

Saldo 31 Desember 2022                               952.500.000            540.919.171           89.113.603            545.353.071         (309.619.637 )        970.536.918          3.616.933.978         (4.399.464.941)         2.006.272.163             38.231.728          2.044.503.891        Balance at December 31, 2022

Penyesuaian efek ekuitas                                                                                                                                                                                                                                                                                         Adjustment of effect of
  Merging entities yang timbul                                                                                                                                                                                                                                                                         merging entities equity from
  Dari penerapan PSAK 338                                        -       (3.392.969.514 )                    -                      -                   -                    -        (1.069.191.118)         4.399.464.941             (62.695.691)          196.579.004            133.883.313         application of PSAK 338

Cadangan umum (Catatan 25d)                                      -                      -                    -                      -                   -         369.623.796           (369.623.796)                       -                      -                      -                                General reserves (Notes 25d)

Pembayaran dividen (Catatan 25b)                                 -                      -                    -                      -                   -                    -          (710.946.000)                       -         (710.946.000)             (1.040.500)         (711.986.500)             Dividend paid (Notes 25b)

Efek translasi                                                   -                      -                    -            (3.088.930)                   -                    -                       -                      -            (3.088.930)                      -            (3.088.930)                     Translation effect

Penghasilan komprehensif lain                                    -                      -                    -             8.810.131                    -                    -                       -                      -             8.810.131               (473.909)             8.336.222          Other comprehensive income

Total laba tahun yang berakhir pada                              -                      -                                                                                                                                                                                                                  Total profit for the year ended
  Tanggal 31 Desember 2023                                                                                   -                      -                   -                    -           512.255.637                        -          512.255.637               6.058.427           518.314.064               December 31, 2023

Saldo 31 Desember 2023                               952.500.000         (2.852.050.343 )         89.113.603            551.074.272         (309.619.637 )       1.340.160.714         1.979.428.701                        -        1.750.607.310            239.354.750          1.989.962.060        Balance at December 31, 2023

Cadangan umum (Catatan 25d)                                      -                      -                    -                                          -         518.314.064           (518.314.064)                       -                      -                      -                       -        General reserves (Notes 25d)

Pembayaran dividen (Catatan 25b)                                 -                      -                    -                                          -                    -                       -                      -                      -            (7.384.938)            (7.384.938)            Dividend paid (Notes 25b)

Efek translasi                                                   -                      -                    -             5.225.979                    -                    -                       -                      -             5.225.979                       -             5.225.979                      Translation effect

Penghasilan komprehensif lain                                    -                      -                    -           53.111.608                     -                    -                       -                      -           53.111.608               5.751.248            58.862.856           Other comprehensive income

Total laba tahun yang berakhir pada                                                                                                                                                                                                                                                                        Total profit for the year ended
  Tanggal 31 Desember 2024                                       -                      -                    -                      -                   -                    -           819.533.675                        -          819.533.675             25.157.710            844.691.385               December 31, 2024

Saldo 31 Desember 2024                               952.500.000         (2.852.050.343)          89.113.603            609.411.859         (309.619.637 )       1.858.474.778         2.280.648.312                        -        2.628.478.572            262.878.770          2.891.357.342        Balance at December 31, 2024




                 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral dari laporan keuangan konsolidasian.                                            The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.


                                                                                                                                                             6
Page 322
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
         LAPORAN ARUS KAS KONSOLIDASIAN                                               CONSOLIDATED STATEMENT OF
             Untuk tahun yang Berakhir pada                                                     CASH FLOWS
               Tanggal 31 Desember 2024                                             For the year Ended December 31, 2024
             (Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
                 kecuali dinyatakan lain)                                                  unless otherwise stated)


                                               Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                         For the years ended December 31,

                                   Catatan/
                                    Notes           2024                  2023                2022
ARUS KAS DARI AKTIVITAS                                                                                               CASH FLOWS FROM
  OPERASI:                                                                                                     OPERATING ACTIVITIES:
Penerimaan kas dari pelanggan                   10.854.423.786         10.815.974.275     10.923.504.342       Cash received from customers
Pembayaran kas kepada pemasok                   (8.926.339.262)        (8.470.106.567)    (6.841.703.746)             Cash paid to suppliers
Pembayaran kas kepada karyawan                    (919.819.379)        (1.027.471.242)    (1.043.884.585)            Cash paid to employees

Kas yang dihasilkan dari operasi                  1.008.265.145         1.318.396.466       3.037.916.011       Cash resulted from operations

Penghasilan bunga yang diterima                      60.401.464            32.946.338          17.534.407             Interest income received
Beban keuangan yang dibayar                        (567.849.062)         (616.821.617)       (487.018.591)                   Finance cost paid
Pembayaran pajak penghasilan                                                                                                       Payments of
  badan                                           (339.579.236)          (493.085.678)       (597.967.799)             corporate income tax
Penerimaan dari restitusi pajak                                                                                            Cash received from
  penghasilan badan                                 24.921.018             22.178.938         18.381.806               corporate income tax
Penerimaan dari restitusi                                                                                            Cash received from value
  pajak pertambahan nilai                          420.428.257           360.831.605         453.460.828                added tax restitution

Kas neto yang diperoleh dari                                                                                           Net cash provided by
  aktivitas operasi                                606.587.586           624.446.052        2.442.306.662              operating activities

ARUS KAS DARI                                                                                                            CASH FLOWS FROM
  AKTIVITAS INVESTASI :                                                                                           INVESTING ACTIVITIES:
Pemberian pinjaman kepada                                                                                                   Cash paid for loans
  pihak berelasi                                  (366.386.500)          (310.733.147)       (445.771.165)                  to related parties
Penerimaan dana dari                                                                                                        Cash received from
  pihak berelasi                                   790.819.138             94.111.954         284.839.736                      related parties
Perolehan aset tetap                11,40         (230.003.434)          (303.472.567)       (268.246.300)          Acquisitions of fixed assets
Penambahan biaya                                                                                                   Additional development cost
  pengembangan plasma, neto                         (18.714.614)         (115.279.252)       (123.863.380)                        plasma, net
Penambahan uang muka                                                                                              Additional advance purchase
  pembelian aset tetap                            (134.950.607)          (122.506.262)       (143.548.433)                      of fixed assets
Penerimaan dana dari                                                                                                Cash received from plasma
  pembiayaan plasma oleh bank, neto                194.590.310                      -                   -         refinancing from bank, net
Penurunan/(kenaikan) bank                                                                                                  Decrease/(increase)
  yang dibatasi penggunaannya, neto                255.685.328           (888.190.872)                  -     in restricted cash in bank, net
Perolehan tanaman belum                                                                                                   Additions to immature
  menghasilkan                       11             (15.052.989)           (4.501.059)        (11.617.692)                          plantations
Penempatan kontrak berjangka                                                                                                         Placement in
  komoditas                                         (11.262.119)                    -                   -      commodities future contracts
Penambahan aset tak berwujud                                  -              (326.865)         (2.131.444)        Additions of intangible assets

Kas neto yang diperoleh dari                                                                                              Net cash provided
  /(digunakan untuk)                                                                                                             by/(used in)
  aktivitas investasi                              464.724.513         (1.450.898.070)       (710.338.678)             investing activities




      Catatan atas laporan keuangan konsolidasian terlampir                      The accompanying notes to the consolidated financial
        merupakan bagian integral dari laporan keuangan                          statements form an integral part of these consolidated
                          konsolidasian.                                                         financial statements.

                                                                   7
Page 323
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
   LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan)                                          CONSOLIDATED STATEMENT OF
          Untuk tahun yang Berakhir pada                                                  CASH FLOWS (continued)
            Tanggal 31 Desember 2024                                                For the year Ended December 31, 2024
          (Disajikan dalam ribuan Rupiah,                                            (Expressed in thousands of Rupiah,
              kecuali dinyatakan lain)                                                     unless otherwise stated)


                                               Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                         For the years ended December 31,

                                   Catatan/
                                    Notes           2024                  2023                2022
ARUS KAS DARI                                                                                                           CASH FLOWS FROM
   AKTIVITAS PENDANAAN:                                                                                          FINANCING ACTIVITIES:
Utang bank                                                                                                                           Bank loan
 - Pembayaran                        39          (6.310.785.779)       (4.696.189.273)     (3.882.693.301)                   Repayments -
 - Penerimaan                        39           5.101.154.094         6.333.049.559       7.009.422.556                        Proceeds -
Pembayaran utang                                                                                                          Payments of finance
   sewa pembiayaan                                   (7.890.857)            (303.508)            (665.000)                    lease liability
Pembayaran liabilitas sewa                          (12.922.540)          (3.551.865)         (11.409.021)         Payments of lease liabilities
Pembayaran dividen kas               25b                      -         (710.946.000)      (1.477.410.729)         Payments of cash dividend
Pembayaran utang obligasi             39                      -         (663.250.968)      (3.502.781.213)        Payments of bonds payable
Pembayaran dividen kas                                                                                               Payment of cash dividend
   kepada entitas non-pengendali                     (7.384.938)           (1.040.500)                   -        to non-controlling interest
Pembayaran upfront fee               16                       -                     -         (46.500.000)            Payments of upfront fee

Kas neto yang
  (digunakan untuk)/                                                                                                               Net cash
  diperoleh dari                                                                                                    (used in)/provided by
  aktivitas pendanaan                            (1.237.830.020)         257.767.445       (1.912.036.708)            financing activities

                                                                                                                          NET DECREASE
PENURUNAN NETO                                                                                                              IN CASH AND
  KAS DAN SETARA KAS                              (166.517.919)         (568.684.573)        (180.068.724)          CASH EQUIVALENTS

DAMPAK NETO PERUBAHAN                                                                                        NET EFFECT OF CHANGES IN
  NILAI TUKAR ATAS KAS DAN                                                                                EXCHANGES RATES ON CASH
  SETARA KAS                                       109.509.538              (861.526)           1.957.858   AND CASH EQUIVALENSTS

KAS DAN SETARA KAS                                                                                           CASH AND CASH EQUIVALENTS
  AWAL TAHUN                          4           1.237.290.419        1.806.836.518        1.984.947.384        AT BEGINNING OF YEAR

KAS DAN SETARA KAS                                                                                           CASH AND CASH EQUIVALENTS
  AKHIR TAHUN                         4           1.180.282.037        1.237.290.419        1.806.836.518              AT END OF YEAR




      Catatan atas laporan keuangan konsolidasian terlampir                      The accompanying notes to the consolidated financial
        merupakan bagian integral dari laporan keuangan                          statements form an integral part of these consolidated
                          konsolidasian.                                                         financial statements.

                                                                   8
Page 324
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                 STATEMENTS
               Tanggal 31 Desember 2024                                       As of December 31, 2024
              dan untuk tahun yang berakhir                                   and for year then ended
                  pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM                                                        1.   GENERAL

     a.    Pendirian dan informasi umum                               a. Establishment and general information

           PT     Sawit    Sumbermas        Sarana    Tbk.               PT Sawit Sumbermas Sarana Tbk. (the
           (“Perseroan”) didirikan di Jakarta, berdasarkan               “Company”) was established in Jakarta based
           Akta No. 51 tanggal 22 November 1995 dari                     on the Notarial Deed No. 51 of Enimarya Agoes
           Notaris Enimarya Agoes Suwarko, S.H., Akta                    Suwarko, S.H., dated November 22, 1995. The
           pendirian Perseroan telah memperoleh                          deed of establishment was approved by Ministry
           pengesahan dari Kementerian Hukum dan Hak                     of Law and Human Rights of the Republic of
           Asasi Manusia Republik Indonesia dengan                       Indonesia in its Decision Letter No. C2-
           Surat Keputusan No. C2-8176.HT.01.01.TH.96                    8176.HT.01.01.TH.96 dated July 26, 1996 and
           tanggal 26 Juli 1996, serta selanjutnya                       subsequently published in the Republic of
           diumumkan dalam Berita Negara Republik                        Indonesia State of Gazzette No. 839,
           Indonesia No. 839, Tambahan No. 36 tanggal                    Supplement No. 36 dated February 22, 2011.
           22 Februari 2011.

           Anggaran Dasar Perseroan telah mengalami                      The Company’s Articles of Association have
           beberapa kali perubahan. Perubahan terakhir                   been amended several times. The latest
           berdasarkan Akta No. 66 tanggal 30 September                  amendment was legalized under Notarial Deed
           2022 dari Notaris Aulia Taufani, S.H., tentang                No. 66 of Aulia Taufani, S.H., dated
           perubahan Anggaran Dasar Perseroan.                           September     30,   2022 in        relation   to
           Perubahan ini telah memperoleh pengesahan                     the amendment of the Company’s Article of
           dari Kementerian Hukum dan Hak Asasi                          Association. This amendment was approved by
           Manusia      dengan      Surat      Keputusan                 Ministry of Law and Human Rights of the
           No.AHU-AH.01.03-0305712         tanggal     25                Republic of Indonesia in its Decision Letter No.
           Oktober 2022, serta selanjutnya diumumkan                     AHU-AH.01.03-0305712 dated October 25,
           dalam Berita Negara Republik Indonesia No. 88                 2022, and subsequently published in the
           tahun 2022, Tambahan No. 038255 tahun 2022.                   Republic of Indonesia State of Gazzette No. 88
                                                                         year 2022, Supplement No. 038255 tahun 2022.

           Perseroan berdomisili di Pangkalan Bun,                       The Company is domiciled in Pangkalan Bun,
           Kabupaten Kotawaringin Barat, Kalimantan                      Kotawaringin Barat, Central Kalimantan,
           Tengah, Indonesia dengan kantor pusat di                      Indonesia, with its head office located on
           Jl. Haji Udan Said No. 47, Pangkalan Bun.                     Jl. Haji Udan Said No. 47, Pangkalan Bun.

           Sesuai dengan Pasal 3 Anggaran Dasar                           As stated in Article 3 of the Company’s Articles
           Perseroan, ruang lingkup kegiatan Perseroan                    of Association, the scope of the Company’s
           adalah pertanian, perdagangan, dan industri.                   activities is in agriculture, trade, and industry.

           Perseroan mulai beroperasi secara komersial                    The Company commenced its commercial
           pada tahun 2005. Perseroan dan kelompok                        operations in 2005. The Company and its Group
           usaha terutama bergerak di bidang perkebunan                   are primarily involved in the operations of oil
           kelapa sawit dan pabrik kelapa sawit yang                      palm plantations and a palm oil mill which
           memproduksi minyak kelapa sawit dan inti sawit                 produces crude palm oil and palm kernel with
           dengan kapasitas produksi 510 MT tandan                        production capacities of 510 MT of fresh fruit
           buah segar (“TBS”) per jam (tidak diaudit).                    bunches (“FFB”) per hour (unaudited). The oil
           Perkebunan kelapa sawit dan kedua pabrik                       palm plantation and both palm oil mills are
           kelapa sawit berlokasi di Kalimantan Tengah.                   located in Central Kalimantan.




                                                             9
Page 325
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2024                                         As of December 31, 2024
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                               1.   GENERAL (continued)
     a.    Pendirian dan informasi umum (lanjutan)                      a.   Establishment      and     general    information
                                                                             (continued)
           Berdasarkan surat yang dikeluarkan oleh Biro                      Based on a letter issued by the Securities
           Administrasi Efek No. DE/I/24-0301 mengenai                       Administration Bureau No. DE/I/24-0301
           komposisi kepemilikan saham Perseroan per                         regarding the composition of the Company's
           31 Desember 2024 dan 2023, PT Citra Borneo                        share ownership as of December 31, 2024 and
           Indah (“CBI”) merupakan pemegang saham                            2023, PT Citra Borneo Indah ("CBI") is the
           pengendali Perseroan.                                             Company’s controlling shareholder.

           Pada tanggal 31 Desember 2024, 2023, dan                          As of December 31, 2024, 2023 and 2022, the
           2022, entitas induk utama Perseroan adalah                        ultimate parent entity of the Company is CBI.
           CBI.
           Pada tanggal 31 Desember 2024 pemegang                            The ultimate beneficial owner of the Company is
           manfaat (ultimate beneficial owner) Perseroan                     Mr Jery Borneo Putra (2023 and 2022: Mr. Abdul
           adalah Bapak Jery Borneo Putra (2023 dan                          Rasyid AS).
           2022: Bapak Abdul Rasyid AS).
     b. Penawaran umum saham Perseroan dan                              b. Public offering of the Company’s shares and
        tindakan Kelompok Usaha lainnya                                    other corporate actions of the Group
           Pada tanggal 29 November 2013, Perseroan                          On November 29, 2013, the Company obtained
           memperoleh Surat Pernyataan Efektif dari                          the Effective Statement Letter from Board of
           Dewan Komisioner Otoritas Jasa Keuangan                           Commissioners of Financial Services Authority
           (“OJK”) dengan suratnya No. S-393/D.04/2013                       (“OJK”) through its Letter No. S-393/D.04/2013
           untuk melakukan penawaran umum saham                              for the Company’s initial public offering of
           perdana sejumlah 1.500.000.000 saham biasa                        1,500,000,000 common shares to the public with
           atas nama dengan nilai nominal Rp100 (angka                       a par value of Rp100 (full amount) per share at
           penuh) setiap lembar saham yang ditawarkan                        an offering price of Rp670 (full amount) per
           kepada masyarakat dengan harga penawaran                          share. Included in the number of initial public
           Rp670 (angka penuh) setiap saham. Termasuk                        shares offered to the Public are shares that have
           di dalam jumlah saham umum perdana kepada                         been allocated in connection with Employee
           masyarakat adalah saham yang telah                                Stock    Allocation    Program      ("ESA")    of
           dialokasikan sehubungan dengan Program                            150,000,000 shares based on the Director
           Alokasi Saham Karyawan (Employee Stock                            Decision      Letter      No.       Dir.Kom/IPO-
           Allocation atau “ESA”) sejumlah 150.000.000                       ESA/001/VIII/2013 dated September 19, 2013.
           saham berdasarkan Surat Keputusan Direksi                         These shares were listed on the Indonesia Stock
           No. Dir.Kom/IPO-ESA/001/VIII/2013 tanggal                         Exchange on December 12, 2013.
           19     September      2013.     Pada   tanggal
           12 Desember 2013, seluruh saham tersebut
           telah dicatat di Bursa Efek Indonesia.
           Perseroan melalui anak Perseroan, SSMS                            The Company through its subsidiary, SSMS
           Plantation Holding Pte. Ltd., (“SPH”)                             Plantation Holding Pte. Ltd., (“SPH”) issued
           menerbitkan      obligasi     global     senilai                  global bonds amounting to US$300,000,000
           AS$300.000.000 dengan bunga 7,75%.                                with an interest of 7.75%. The 5-year bonds
           Obligasi bertenor 5 tahun dan jatuh tempo pada                    which mature in January 2023 are listed and
           bulan Januari 2023 tersebut tercatat dan                          traded on The Singapore Exchange Securities
           diperdagangkan di The Singapore Exchange                          Trading Ltd (“SGX”) on January 24, 2018. In
           Securities Trading Ltd (“SGX”) pada tanggal 24                    issuing these bonds, The Bank of New York
           Januari 2018. Dalam penerbitan obligasi                           Mellon, London Branch, acts as trustee. In
           tersebut, The Bank of New York Mellon,                            January 2023, SPH has fully settled the bonds.
           Cabang London, bertindak sebagai wali                             (Note 23)
           amanat. Pada Januari 2023, SPH telah
           melunasi seluruh obligasi tersebut.(Catatan 23)




                                                              10
Page 326
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                     STATEMENTS
           Tanggal 31 Desember 2024                                           As of December 31, 2024
          dan untuk tahun yang berakhir                                       and for year then ended
              pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
             kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                             1.   GENERAL (continued)
     b. Penawaran umum saham Perseroan dan                            b. Public offering of the Company’s shares and
        tindakan Kelompok Usaha lainnya (lanjutan)                       other corporate actions of the Group
                                                                         (continued)
        Pada tanggal 31 Oktober 2022, CBUT, entitas                       On October 31,         2022, CBUT obtained
        anak, mendapatkan Surat Pemberitahuan                             Notification Letter of Effective Registration
        Efektif Pernyataan Pendaftaran No. S-                             Statement No.S-226/D.04/2022 of Initial Public
        226/D.04/2022 atas Penawaran        Umum                          Offering of Share from the Financial Services
        Perdana Saham dari Otoritas Jasa Keuangan                         Authority on its public offering of 625,000,000
        untuk melakukan penawaran umum atas                               shares with par value of Rp100 at the offering
        625.000.000 saham Perseroan dengan nilai                          price of Rp690 per share.
        nominal Rp100 per saham pada harga
        penawaran sebesar Rp690 per saham kepada
        masyarakat.
        Pada tanggal 31 Desember 2024, 2023, dan                          As of December 31, 2024, 2023, and 2022, all
        2022, seluruh saham Perseroan dan CBUT                            of the Company’s and CBUT’s shares are listed
        tercatat di Bursa Efek Indonesia.                                 in the Indonesia Stock Exchange.
     c. Manajemen kunci dan informasi lainnya                         c. Key management and other informations

        Berdasarkan Akta Notaris No. 63 tanggal                           Based on Notarial Deed No. 63 dated April 25,
        25 April 2024 dari Aulia Taufani, S.H. Notaris di                 2024, of Aulia Taufani, S.H. Notary in Jakarta,
        Jakarta, susunan Dewan Komisaris dan Direksi                      the composition of the Company’s Boards of
        Perseroan per 31 Desember 2024 adalah                             Commissioners      and    Directors    as    of
        sebagai berikut:                                                  December 31, 2024 is as follows:
         Dewan Komisaris                                                                          Board of Commissioners
         Komisaris Utama                             Bungaran Saragih                             President Commissioner
         Komisaris Independen                            Hoesen                                Independent Commissioner
         Komisaris                                  Rimbun Situmorang                                       Commissioner
         Direksi                                                                                         Board of Directors
         Direktur Utama                                Jap Hartono                                       President Director
         Direktur                                     Akhmad Faisyal                                               Director

        Susunan Komisaris dan Direktur Perseroan                          The compositions of the Company’s
        pada tanggal 31 Desember 2023 adalah                              Commissioner and Director as of December
        sebagai berikut:                                                  31, 2023 are as follows:
         Dewan Komisaris                                                                          Board of Commissioners
         Komisaris Utama                             Bungaran Saragih                             President Commissioner
         Komisaris Independen                            Hoesen                                Independent Commissioner
         Komisaris                                  Rimbun Situmorang                                       Commissioner
         Direksi                                                                                         Board of Directors
         Direktur Utama                           Nasarudin Bin Nasir                                    President Director
         Direktur                                    Jap Hartono                                                   Director
         Direktur                               Muhammad Syafril Harahap                                           Director




                                                            11
Page 327
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                   STATEMENTS
           Tanggal 31 Desember 2024                                         As of December 31, 2024
          dan untuk tahun yang berakhir                                     and for year then ended
              pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
             kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                           1.   GENERAL (continued)
     c. Manajemen kunci dan informasi lainnya                       c. Key management and other informations
        (lanjutan)                                                      (continued)

        Perseroan menunjuk Swasti Kartikaningtyas                        The      Company       appointed    Swasti
        sebagai Sekretaris Perseroan. Pada tanggal 28                    Kartikaningtyas as the Company’s Corporate
        April    2023,      Swasti     Kartikaningtyas                   Secretary. On April 28, 2023, Swasti
        mengundurkan      diri  sebagai      Sekretaris                  Kartikaningtyas resigned as Corporate
        Perseroan. Pada tanggal 26 Juni 2023,                            Secretary. On June 26, 2023, the Company
        Perseroan, menunjuk Jap Hartono sebagai                          appointed Jap Hartono as the Company’s
        Sekretaris Perseroan.                                            Corporate Secretary.

        Pada tanggal 2 Januari 2024, Perseroan                           On January 2, 2024, the Company appointed
        menunjuk Deni Agustinus Damayanto sebagai                        Deni Agustinus Damayanto as the Company’s
        Sekretaris Perseroan, menggantikan Jap                           Corporate Secretary, replacing Jap Hartono.
        Hartono.
        Susunan  Komite    Audit  pada tanggal                           The composition of the Audit Committee as of
        31 Desember 2024 dan 2023 adalah sebagai                         December 31, 2024 and 2023 are as follow:
        berikut:
         Ketua                                          Hoesen                                                   Chairman
         Anggota                                   Arini Imamawati                                                Member
         Anggota                                 Arif M. Prawirawinata                                            Member
        Susunan   Komite   Audit    pada tanggal                         The composition of the Audit Committee as of
        31 Desember 2022 adalah sebagai berikut:                         December 31, 2022 are as follow:
         Ketua                                        Hoesen                                                     Chairman
         Anggota                                  Arini Imamawati                                                 Member
         Anggota                                  Lukman Nur Aziz                                                 Member




                                                          12
Page 328
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                          STATEMENTS
               Tanggal 31 Desember 2024                                                As of December 31, 2024
              dan untuk tahun yang berakhir                                            and for year then ended
                  pada tanggal tersebut                                           (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                           unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                                      1.   GENERAL (continued)

     c. Manajemen kunci dan informasi lainnya                                  c.     Key management and other informations
        (lanjutan)                                                                    (continued)

           Pada tanggal 31 Desember 2024, 2023 dan                                    As of December 31, 2024, 2023 and 2022, the
           2022, kepala Unit Audit Internal Kelompok                                  Group head of internal audit unit is Anjar
           Usaha adalah Anjar Widiarso.                                               Widiarso.

           Personil manajemen kunci Perseroan meliputi                                Key management personnel of the Company
           Dewan Komisaris dan Direksi. Kompensasi                                    are the Boards of Commissioners and
           imbalan kerja jangka pendek yang dibayarkan                                Directors. Short-term compensation paid to
           kepada personil manajemen kunci Perseroan                                  the key management personnel of the
           untuk tahun yang berakhir pada tanggal                                     Company for the year ended December 31,
           31 Desember 2024, 2023, dan 2022 masing-                                   2024, 2023, and 2022,          amounted to
           masing adalah       sebesar   Rp43.307.160,                                Rp43,307,160,        Rp49,317,686,       and
           Rp49.317.686 dan Rp39.942.682. Tidak                                       Rp39,942,682, respectively. There is no
           terdapat kompensasi dalam bentuk imbalan                                   compensation of post-employment benefit,
           pascakerja, imbalan kerja jangka panjang                                   other long-term benefit, termination benefits,
           lainnya, pesangon pemutusan kontrak kerja dan                              and share-based payment for the key
           pembayaran berbasis saham.                                                 management personnel.

           Pada tanggal 31 Desember 2024, Kelompok                                    As of December 31, 2024, the Group
           usaha memiliki    11.319     karyawan tetap                                has   11,319     permanent employees
           (31 Desember 2023: 12.646 karyawan tetap,                                  (December 31, 2023: 12,646 permanent
           31 Desember 2022: 11.842) (tidak diaudit).                                 employees, December 31, 2022: 11,842
                                                                                      employees) (unaudited).

     d. Penyelesaian               laporan         keuangan                    d.     Completion       of     consolidated       financial
        konsolidasian                                                                 statements

           Laporan keuangan konsolidasian Kelompok                                    The Group and its subsidiaries’ consolidated
           usaha tanggal 31 Desember 2024 dan untuk                                   financial statements as of December 31, 2024
           tahun yang berakhir pada tanggal tersebut                                  and for the year then ended are completed
           diselesaikan dan diotorisasi untuk terbit oleh                             and authorized for issuance by the Company’s
           Direksi Perseroan pada tanggal 10 Maret 2025.                              Directors on March 10, 2025. The Company’s
           Direksi Perseroan yang menandatangani Surat                                Directors who signed the Board of Directors’
           Pernyataan Direksi bertanggung jawab atas                                  Statement are responsible for the fair
           penyusunan dan kewajaran penyajian laporan                                 preparation and presentation of such
           keuangan konsolidasian tersebut.                                           consolidated financial statements.

     e.    Entitas anak dan entitas asosiasi                                   e.    Subsidiaries and associated entities
           Kepemilikan Perseroan pada entitas anak yang                               The Company’s ownership interests directly or
           dikonsolidasi dan entitas asosiasi baik secara                             indirectly in the consolidated subsidiaries and
           langsung maupun tidak langsung (selanjutnya                                associated companies (hereinafter collectively
           secara bersama-sama disebut “Kelompok                                      referred to as the “Group”) are as follows:
           Usaha”) adalah sebagai berikut:

                                                                                      Mulai                Persentase Kepemilikan/
                                                                                Beroperasi Secara     Percentage of Ownership Interest
                                                                                    Komersial/
                                                      Kegiatan Usaha/            Commencement               31 Desember/December 31,
             Nama Entitas Anak/      Domisili/       Nature of Business           of Commercial
            Name of Subsidiaries     Domicile            Activities                 Operations        2024           2023         2022

          Pemilikan langsung/
          Direct ownership
          PT Kalimantan Sawit       Kotawaringin    Perkebunan dan pabrik             2005                  99%          99%             99%
             Abadi (“KSA”)             Barat             kelapa sawit/
                                                     Oil palm plantations
                                                       and palm oil mill




                                                                13
Page 329
                                                                                    The original consolidated financial statements included herein
                                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                                   STATEMENTS
               Tanggal 31 Desember 2024                                                         As of December 31, 2024
              dan untuk tahun yang berakhir                                                     and for year then ended
                  pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                                               1.   GENERAL (continued)

     e.    Entitas anak dan entitas asosiasi (lanjutan)                                 e.   Subsidiaries       and       associated      entities
                                                                                             (continued)

           Kepemilikan Perseroan pada entitas anak yang                                       The Company’s ownership interests directly or
           dikonsolidasi dan entitas asosiasi baik secara                                     indirectly in the consolidated subsidiaries and
           langsung maupun tidak langsung (selanjutnya                                        associated companies (hereinafter collectively
           secara bersama-sama disebut “Kelompok                                              referred to as the “Group”) are as follows:
           Usaha”) adalah sebagai berikut: (lanjutan)                                         (continued)

                                                                                              Mulai                Persentase Kepemilikan/
                                                                                        Beroperasi Secara     Percentage of Ownership Interest
                                                                                            Komersial/
                                                           Kegiatan Usaha/               Commencement            31 Desember/December 31,
             Nama Entitas Anak/           Domisili/       Nature of Business              of Commercial
            Name of Subsidiaries          Domicile            Activities                    Operations        2024          2023         2022

          Pemilikan langsung/
          Direct ownership
          PT Mitra Mendawai             Kotawaringin     Perkebunan dan pabrik                2008                99%          99%               99%
             Sejati (“MMS”)                Barat          kelapa sawit dan inti
                                                       sawit//Oil palm plantations,
                                                            Palm oil mill and
                                                          Kernel crushing plant
          SSMS Plantation                                      Perusahaan
            Holding Pte.Ltd.                             jasa pendukung bisnis/
            (“SPH”)                      Singapore              Company                       2018               100%         100%           100%
                                                       bussiness support service
          Sawit Sumbermas                                      Perusahaan
            International Pte.Ltd.                     penjual produk kelapa sawit/
            (“SSI”)                      Singapore              Company                       2018               100%         100%           100%
                                                          Whole sale of palm oil

          PT Citra Borneo               Kotawaringin            Industri,                     2018              78,2%        78,2%                 -
            Utama Tbk. (“CBUT”)            Barat           dan perdagangan/
                                                                Industry
                                                              and trading

      Pemilikan tidak langsung melalui KSA/
        Indirect ownership through KSA
        PT Tanjung Sawit                Kotawaringin     Perkebunan dan pabrik                2012                99%          99%               99%
           Abadi (“TSA”)                   Barat              kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
          PT Sawit Multi                Kotawaringin     Perkebunan dan pabrik                2012                99%          99%               99%
            Utama (“SMU”)                  Barat              Kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
          Pemilikan tidak langsung melalui MMS/
          Indirect ownership through MMS
          PT Mirza Pratama              Kotawaringin     Perkebunan dan pabrik                2011                99%          99%               99%
             Putra (“MPP”)                  Barat             kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
          PT Menteng Kencana            Kotawaringin     Perkebunan dan pabrik                2010                99%          99%               99%
            Mas (“MKM”)                    Barat              kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
          Pemilikan tidak langsung melalui SPH/
          Indirect ownership through SPH
          SSMS Plantation SingaporeSingapore              Jasa konsultasi dan                 2018                99%          99%               99%
             International Pte.Ltd.                          perdagangan/
             (“SPI”)                                      Consultancy services
                                                              and trading
          EntitasAsosiasi/
            Associated Entities
            PT Surya Borneo             Kotawaringin            Kawasan                       2013                49%          49%               49%
                Industri (“SBI”)           Barat                 industri/
                                                             Industrial estate
             PT Citra Borneo            Kotawaringin             Industri,                    2013                    -            -             26%
               Utama Tbk. (“CBUT”)         Barat            dan perdagangan/
                                                           Industry and trading




                                                                      14
Page 330
                                                                                  The original consolidated financial statements included herein
                                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                                 STATEMENTS
               Tanggal 31 Desember 2024                                                       As of December 31, 2024
              dan untuk tahun yang berakhir                                                   and for year then ended
                  pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                                             1.   GENERAL (continued)
     e.     Entitas anak dan entitas asosiasi (lanjutan)                              e.   Subsidiaries       and       associated       entities
                                                                                           (continued)

           Total aset pada entitas anak yang dikonsolidasi                                  Total assets of subsidiaries directly or
           dan entitas asosiasi baik secara langsung                                        indirectly in the consolidated subsidiaries and
           maupun tidak langsung (selanjutnya secara                                        associated companies (hereinafter collectively
           bersama-sama disebut “Kelompok Usaha”)                                           referred to as the “Group”) are as follows:
           adalah sebagai berikut:
                                                                                                           Total Aset Sebelum Eliminasi (dalam
                                                                                            Mulai          Jutaan Rupiah)/ Total Assets Before
                                                                                      Beroperasi Secara     Elimination (in millions of Rupiah)
                                                                                          Komersial/
                                                           Kegiatan Usaha/             Commencement            31 Desember/December 31,
             Nama Entitas Anak/           Domisili/       Nature of Business            of Commercial
            Name of Subsidiaries          Domicile            Activities                  Operations        2024          2023          2022

          Pemilikan langsung/
          Direct ownership
          PT Kalimantan Sawit           Kotawaringin    Perkebunan dan pabrik               2005           5.389.196     4.951.871      4.671.269
             Abadi (“KSA”)                 Barat              kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
          PT Mitra Mendawai             Kotawaringin    Perkebunan dan pabrik               2008           3.581.021     3.603.462      3.481.039
            Sejati (“MMS”)                 Barat          kelapa sawit dan inti
                                                       sawit//Oil palm plantations,
                                                             Palm oil mill an
                                                         Kernel crushing plant

          SSMS Plantation                Singapore             Perusahaan                   2018           1.490.323     1.878.296        992.511
          Holding Pte. Ltd.                              jasa pendukung bisnis/
             (“SPH”)                                            Company
                                                       bussiness support service
          Sawit Sumbermas                                      Perusahaan
          International Pte. Ltd.                      penjual produk kelapa sawit/
             (“SSI”)                     Singapore              Company                     2018                   15            15               10
                                                       Whole sale of palm oil

          PT Citra Borneo               Kotawaringin            Industri,                   2018           4.200.322     4.336.194      3.019.974
            Utama Tbk. (“CBUT”)            Barat           dan perdagangan/
                                                                Industry
                                                              and trading
          Pemilikan tidak langsung melalui KSA/
          Indirect ownership through KSA
          PT Tanjung Sawit              Kotawaringin     Perkebunan dan pabrik              2012           2.272.956     2.074.383      1.985.399
             Abadi (“TSA”)                  Barat             kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
          PT Sawit Multi                Kotawaringin     Perkebunan dan pabrik              2012           1.969.508     1.707.597      1.604.380
            Utama (“SMU”)                  Barat              kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
          Pemilikan tidak langsung melalui MMS/
          Indirect ownership through MMS
          PT Mirza Pratama              Kotawaringin     Perkebunan dan pabrik              2011            838.932       724.200         574.465
             Putra (“MPP”)                  Barat             kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill

          PT Menteng Kencana            Kotawaringin     Perkebunan dan pabrik              2010           1.382.874     1.382.367      1.443.576
            Mas (“MKM”)                    Barat              kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill

          Pemilikan tidak langsung melalui SPH/
          Indirect ownership through SPH
          SSMS Plantation                 Singapore       Jasa konsultasi dan               2018           1.519.816     1.928.002      1.078.646
             International Pte. Ltd.                         perdagangan/
             (“SPI”)                                      Consultancy services
                                                              and trading

          Entitas Asosiasi/Associated Entities
          PT Surya Borneo               Kotawaringin           Kawasan                      2018            955.875      1.035.551      1.169.732
            Industri (“SBI”)                 Barat              industri/
                                                            Industrial estate



                                                                      15
Page 331
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                 STATEMENTS
               Tanggal 31 Desember 2024                                       As of December 31, 2024
              dan untuk tahun yang berakhir                                   and for year then ended
                  pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                             1.   GENERAL (continued)
     e.    Entitas anak dan entitas asosiasi (lanjutan)               e.   Subsidiaries       and     associated      entities
                                                                           (continued)

           Pada tanggal 31 Desember 2024, KSA dan                          As of December 31, 2024, KSA and MMS have
           MMS memiliki pabrik pengolahan kelapa sawit                     palm oil mills located at Kotawaringin Barat,
           yang berlokasi di Kotawaringin Barat,                           Central Kalimantan, with processing capacities
           Kalimantan Tengah dengan total kapasitas                        of 60 MT FFB per hour for KSA and 60 MT FFB
           produksi masing-masing sebesar 60 MT TBS                        per hours for MMS (unaudited), respectively.
           per jam untuk KSA dan 60 MT TBS per jam                         MMS has kernel crushing plant located in
           untuk MMS (tidak diaudit). MMS memiliki pabrik                  Kotawaringin Barat with total processing
           inti sit yang berlokasi di Kotawaringin Barat                   capacity of 200 MT of palm kernel (“PK”) per
                                                                           day (unaudited).
           dengan total kapasitas produksi sebesar 200
           MT inti sawit (“PK”) per hari (tidak diaudit).

           Pada tanggal 31 Desember 2024, KSA dan                          As of December 31, 2024, KSA and its
           entitas anaknya (TSA dan SMU) memiliki lahan                    subsidiaries (TSA and SMU) owned 30,532 Ha
           tanaman menghasilkan sebesar 30.532 Ha                          of mature plantations area and no immature
           pada 31 Desember 2024, 2023, dan 2022 dan                       plantations    area   (unaudited)   as   of
           tidak    terdapat   area      tanaman belum                     December 31, 2024, 2023, and 2022.
           menghasilkan (tidak diaudit).
           Pada tanggal 31 Desember 2024, TSA dan                          As of December 31, 2024, TSA and SMU
           SMU bergerak di bidang perkebunan kelapa                        involves in operations of oil palm plantations
           sawit dan pabrik kelapa sawit yang                              and operations of palm oil mill located at
           memproduksi minyak kelapa sawit dan inti sawit                  Lamandau which produces crude palm oil and
           yang keduanya berlokasi di Lamandau dan                         palm kernel with production capacities of 60
           dengan kapasitas produksi masing-masing 60                      MT of FFB per hour for TSA and 75 MT of FFB
           MT TBS per jam untuk TSA dan 75 MT TBS per                      per hour for SMU (unaudited).
           jam untuk SMU (tidak diaudit).
           Pada tanggal 31 Desember 2024, MMS dan                          As of December 31, 2024, MMS and its
           entitas anaknya (MKM dan MPP) memiliki lahan                    subsidiaries (MKM and MPP) owned 18,664
           tanaman menghasilkan sebesar 18.664 Ha                          Ha of mature plantations area and 17.73 Ha of
           dan area tanaman belum menghasilkan                             immature plantations area (unaudited) as of
           sebesar 17,73 Ha (tidak diaudit) pada tanggal                   December 31, 2024, 2023, and 2022.
           31 Desember 2024, 2023, dan 2022.
           Pada tanggal 31 Desember 2024, MKM dan                          As of December 31, 2024, MKM and MPP
           MPP bergerak di bidang perkebunan kelapa                        involves in operations of oil palm plantations
           sawit dan pabrik kelapa sawit yang                              and operations of palm oil mill located at
           memproduksi minyak kelapa sawit dan inti sawit                  Pulang Pisau and Lamandau which produces
           yang keduanya berlokasi di Pulang Pisau dan                     crude palm oil and palm kernel with production
           Lamandau dengan kapasitas produksi masing-                      capacities each of 60 MT of FFB per hour
           masing 60 MT TBS per jam (tidak diaudit).                       (unaudited).

           Pada tanggal 31 Desember 2024, CBUT                             As of December 31, 2024, CBUT is engaged
           bergerak di bidang pengolahan minyak kelapa                     in processing of palm oil located at Jl.
           sawit yang berlokasi di Jl. ASDP/ Pelabuhan                     ASDP/Pelabuhan Roro Tempenek, Sub-
           Roro Tempenek, Desa Kumai Hulu, Kecamatan                       district of Kumai Hulu, District of Kumai,
           Kumai,    Kabupaten Kotawaringin      Barat,                    Kotawaringin    Barat    Regency,     Central
           Kalimantan Tengah dengan kapasitas produksi                     Kalimantan with production capacities each of
           masing-masing 2.500 MT CPO per hari (tidak                      2,500 MT of CPO per day (unaudited).
           diaudit).




                                                            16
Page 332
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2024                                         As of December 31, 2024
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                               1.     GENERAL (continued)
     e.    Entitas anak dan entitas asosiasi (lanjutan)                   e.   Subsidiaries     and     associated      entities
                                                                               (continued)
           Akuisisi entitas anak di tahun 2023                                 Acquisition of a subsidiary in 2023
           Pada tanggal 19 Desember 2023, Perseroan                            On December 19, 2023, the Company
           telah menaikkan kepemilikan saham sebesar                           increased its shares ownership to 52.6% in
           52,6% kepemilikan di CBUT dari PT Citra                             CBUT from PT Citra Borneo Indah (CBI), a
           Borneo Indah (CBI), salah satu pemegang                             shareholder, for Rp3,451,309,583 as stated in
           saham,     dengan   menukarkan      pinjaman                        the Notarial Deed No. 59 of Aulia Taufani,
           Perseroan kepada CBI senilai Rp3.451.309.583                        S.H., dated December 19, 2023. After the debt
           sebagaimana dinyatakan dalam Akta Notaris                           to equity swap, the Group has 78.22% share
           Aulia Taufani, S.H., No. 59 tanggal 19                              ownership in CBUT with consideration paid of
           Desember 2023. Setelah penukaran saham                              Rp4,098,809,583.
           tersebut dengan pinjaman, Kelompok Usaha
           memiliki 78,22% saham di CBUT dengan total
           imbalan      yang     dialihkan      sebesar
           Rp4.098.809.583.

           Rincian aset neto yang diakuisisi dan tambahan                      Detail of net assets acquired and additional
           modal disetor adalah sebagai berikut:                               paid in capital are as follows:
                                                             Jumlah/
                                                             Amount
           Imbalan yang dialihkan                         4.098.809.583                                Consideration paid
           Nilai buku aset neto                            (705.840.069)                          Book value of net assets
                                                                                           The difference arising from
           Selisih transaksi dengan                                                        the transactions between
             entitas sepengendali                         3.392.969.514               under common control entities

           Berikut ini adalah informasi keuangan CBUT                          The following is a summary of CBUT’s
           pada tanggal akuisisi atau 19 Desember 2023:                        financial information at the acquisition date or
                                                                               December 19, 2023:
                                                            Nilai Buku/
                                                            Book Value
          ASET                                                                                                   ASSETS
          Aset lancar                                     3.925.962.970                                    Current assets
          Aset tidak lancar                                 410.233.277                                 Non-current assets
          Total aset                                      4.336.196.247                                        Total assets

          LIABILITAS DAN EKUITAS                                                               LIABILITIES AND EQUITY

          LIABILITAS                                                                                         LIABILITIES
          Liabilitas jangka pendek                        2.659.657.734                                  Current liabilities
          Liabilitas jangka panjang                         774.119.440                               Non-current liabilities
          Total liabilitas                                3.433.777.174                                     Total liabilities

          EKUITAS                                                                                                EQUITY
          Modal saham                                       312.500.000                                     Share capital
          Tambahan modal disetor                            351.929.668                         Additional paid-in capital
          Saldo laba                                        213.530.992                               Retained earnings
          Penghasilan komprehensif lain                      24.458.413                     Other comprehensive income

          Total ekuitas                                     902.419.073                                        Total equity

          Total liabilitas dan ekuitas                    4.336.196.247                       Total liabilities and equity

                                                             17
Page 333
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                     STATEMENTS
               Tanggal 31 Desember 2024                                           As of December 31, 2024
              dan untuk tahun yang berakhir                                       and for year then ended
                  pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                                 1.   GENERAL (continued)
     e.    Entitas anak dan entitas asosiasi (lanjutan)                   e.   Subsidiaries      and     associated       entities
                                                                               (continued)
           Akuisisi entitas asosiasi di tahun 2020                             Acquisition of associated company in 2020
           Berdasarkan       Perjanjian       Akta    Notaris                  Based on the Notarial Deed No. 74 Notary of
           No. 74 Notaris Dr. Tintin Surtini, S.H., MH., Mkn.                  Dr. Tintin Surtini, S.H., MH., MKn. Dated
           pada      tanggal    29     Desember         2020,                  December 29, 2020, the Company acquired
           Perseroan      mengakuisisi        13%     saham                    13% share ownership in PT Citra Borneo Utama
           PT Citra Borneo Utama Tbk. (“CBUT”), dengan                         Tbk. (“CBUT”) with acquisition price of
           total harga akuisisi sebesar Rp600.000.000.                         Rp600,000,000. The Company acquired shares
           Perseroan mengakuisisi saham CBUT melalui                           ownership in CBUT through conversion of
           mekanisme konversi pinjaman jangka panjang                          PT Citra Borneo Indah (CBI)’s long term
           yang dapat dikonversi PT Citra Borneo Indah                         convertible loan to the Company’s share
           (CBI) dengan saham CBI pada CBUT. CBUT                              ownership in CBUT. CBUT is engaged in
           bergerak di bidang pengolahan minyak kelapa                         processing of palm oil. The Company recorded
           sawit. Perseroan telah mencatat penyesuaian                         a fair value adjustment on the investment in
           nilai wajar atas investasi pada CBUT sebelum                        CBUT prior to the acquisition of 13% share
           akuisisi kepemilikan 13% lembar saham                               ownership amounting to Rp162,871,374.
           sebesar Rp162.871.374.

           Akuisisi entitas asosiasi di tahun 2019                             Acquisition of associated company in 2019

           Pada tanggal 15 April 2019, Perseroan dan                           On April 15, 2019, the Company and PT Surya
           PT Surya Borneo Industri (SBI), pihak berelasi,                     Borneo Industri (SBI), signed a debt to equity
           menandatangani perjanjian konversi saham                            agreement. SBI will issue share capital at the
           menjadi ekuitas. SBI akan menerbitkan saham                         value of outstanding debts to the Company at
           senilai saldo terhutang kepada Perseroan pada                       effective date after fullfilling the several
           tanggal efektif setelah memenuhi beberapa                           requirements.
           syarat tertentu.

           Pada tanggal 14 Agustus 2019, Semua syarat                          As of August 14, 2019, all effective
           efektif penukaran pinjaman Perseroan kepada                         requirements on the Company’s loan exchange
           SBI telah terpenuhi. Sejak tanggal 14 Agustus                       have been fulfilled. As of August 14, 2019, the
           2019, kepemilikan saham Kelompok usaha                              Group’s share ownersip in SBI become 49%
           pada SBI menjadi 49% setelah konversi                               after the conversion of the Group’s loans and
           pinjaman dan piutang Kelompok usaha kepada                          receivables of Rp738,301,579 become share
           SBI sebesar Rp738.301.579 menjadi modal                             capital in SBI.
           saham SBI.

           Pembentukan entitas anak di tahun 2018                              Establishment of subsidiaries in 2018

           Sawit Sumbermas International Pte. Ltd.                             Sawit Sumbermas International Pte. Ltd.
           (“SSI”)                                                             (“SSI”)

            Pada tanggal 13 Desember 2018, Perseroan                           On December 13, 2018, the Company
            telah membentuk entitas anak yaitu SSI yang                        established a subsidiary, SSI, which domiciles
            berdomisili di Singapura. Pendirian entitas                        in   Singapore.    The     establishment    of
            anak tersebut untuk mendukung kegiatan                             the subsidiary is to support the Group’s
            usaha Kelompok Usaha.                                              bussiness.




                                                                18
Page 334
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2024                                         As of December 31, 2024
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                               1.   GENERAL (continued)

     e.    Entitas anak dan entitas asosiasi (lanjutan)                 e.    Subsidiaries      and     associated      entities
                                                                              (continued)
           Pembentukan entitas anak di tahun 2017                             Establishment of subsidiaries in 2017

           SSMS Plantation Holding Pte. Ltd. (“SPH”)                          SSMS Plantation Holding Pte. Ltd. (“SPH”)
           dan SSMS Plantation International Pte. Ltd.                        and SSMS Plantation International Pte.
           (“SPI”)                                                            Ltd. (“SPI”)

            Pada tanggal 12 Juli 2017, Perseroan telah                        On July 12, 2017, the Company established
            membentuk dua entitas anak yaitu SPH dan                          two subsidiaries, SPH and SPI which
            SPI yang berdomisili di Singapura. Pendirian                      domiciles in Singapore. The establishment of
            entitas anak tersebut sehubungan dengan                           the subsidiaries is related with the issuance of
            penerbitan efek utang di Bursa Efek Singapura.                    debt securities in the Singapore Stock
            Perseroan memiliki 100% saham pada kedua                          Exchange. The Company has 100%
            Perseroan tersebut. Pada Januari 2023, SPH                        ownership interest in both companies. In
            telah melunasi seluruh efek utang. (Catatan 23)                   January, 2023, SPH has fully settled the debt
                                                                              securities. (Note 23)


2.   IKHTISAR    INFORMASI                  KEBIJAKAN              2.   SUMMARY OF MATERIAL                      ACCOUNTING
     AKUNTANSI YANG MATERIAL                                            POLICIES INFORMATION
     Laporan keuangan konsolidasian telah disusun dan                   The consolidated financial statements have been
     disajikan sesuai dengan Standar Akuntansi                          prepared and presented in accordance with
     Keuangan di Indonesia (“SAK”), yang mencakup                       Indonesian Financial Accounting Standards (“SAK”),
     Pernyataan Standar Akuntansi Keuangan (“PSAK”)                     which comprise the Statements of Financial
     dan Interpretasi Standar Akuntansi Keuangan                        Accounting Standards (“PSAK”) and Interpret to
     (“ISAK”) yang dikeluarkan oleh Dewan Standar                       Financial Acccounting Standards (“ISAK”) issued by
     Akuntansi Keuangan Ikatan Akuntan Indonesia,                       the Financial Accounting Standards Board of the
     serta Peraturan Badan Pengawas Pasar Modal dan                     Indonesian Institute of Accountants, and Regulation
     Lembaga Keuangan (“BAPEPAM-LK”) No. VIII.G.7                       of Capital Market and Financial Institution
     Lampiran     Keputusan   Ketua     BAPEPAM-LK                      Supervisory Agency (“BAPEPAM-LK”) No. VIII.G.7
     No. KEP-347/BL/2012 tanggal 25 Juni 2012                           Attachment of Chairman of BAPEPAM-LK’s decision
     mengenai Penyajian dan Pengungkapan Laporan                        No. KEP-347/BL/2012 dated June 25, 2012
     Keuangan Emiten atau Perseroan Publik.                             regarding Presentation and Disclosure of the
                                                                        Financial Statements of Issuers or Public Company.
     Laporan keuangan konsolidasian telah disusun                       The consolidated financial statements are prepared
     sesuai dengan PSAK No. 201 “Penyajian Laporan                      in accordance with PSAK No. 201 “Presentation of
     Keuangan”.                                                         Financial Statements”.
     Kebijakan akuntansi signifikan yang diterapkan                     The significant accounting policies that were applied
     secara konsisten dalam penyajian laporan                           consistently in the preparation of the consolidated
     keuangan konsolidasian untuk tahun yang berakhir                   financial statements for the years ended
     pada tanggal 31 Desember 2024, 2023, dan 2022
     adalah sebagai berikut:                                            December 31, 2024, 2023, and 2022 are as follows:

     a.    Dasar penyusunan          laporan    keuangan                a.   Basis of preparation           of    consolidated
           konsolidasian                                                     financial statements

           Laporan keuangan konsolidasian disusun                            The consolidated financial statements have
           berdasarkan konsep akrual, kecuali untuk                          been prepared on the accrual basis, except for
           laporan   arus   kas    konsolidasian,   dan                      the consolidated statement of cash flows, and
           menggunakan konsep biaya historis, kecuali                        using the historical cost concept of accounting,
           seperti yang disebutkan dalam catatan atas                        except as disclosed in the relevant notes to the
           laporan keuangan konsolidasian yang relevan.                      consolidated financial statements.




                                                              19
Page 335
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                 STATEMENTS
               Tanggal 31 Desember 2024                                       As of December 31, 2024
              dan untuk tahun yang berakhir                                   and for year then ended
                  pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR    INFORMASI       KEBIJAKAN                       2.   SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI YANG MATERIAL (lanjutan)                               POLICIES INFORMATION (continued)

     a.    Dasar penyusunan laporan          keuangan                 a.   Basis of preparation of consolidated
           konsolidasian (lanjutan)                                        financial statements (continued)

           Laporan arus kas konsolidasian yang disajikan                   The consolidated statements of cash flows,
           dengan menggunakan metode langsung,                             which have been prepared using the direct
           menyajikan penerimaan, dan pengeluaran kas                      method, present receipts, and disbursements of
           dan setara kas yang diklasifikasikan sebagai                    cash and cash equivalents classified into
           aktivitas operasi, investasi, dan pendanaan.                    operating, investing, and financing activities.

           Perseroan memilih untuk menyajikan laporan                      The Company has elected to present the
           laba rugi dan penghasilan komprehensif lainnya                  consolidated of profit or loss and other
           dalam satu laporan.                                             comprehensive income in one linked statement.

           Mata uang penyajian yang digunakan dalam                        The presentation currency used in the
           laporan keuangan konsolidasian adalah Rupiah                    consolidated financial statements is Rupiah
           yang merupakan mata uang fungsional                             which is the Company’s and its subsidiaries
           Perseroan dan entitas anaknya.                                  functional currency.

           Seluruh angka dalam laporan keuangan                            All figures in the consolidated financial
           konsolidasian ini, kecuali dinyatakan lain,                     statements are rounded to, and stated in,
           dinyatakan dalam dan dibulatkan menjadi                         thousands of Rupiah, unless otherwise stated.
           ribuan Rupiah.

     b.    Perubahan Kebijakan Akuntansi                              b.   Changes of Accounting Principles

           Pada tanggal 1 Januari 2024, Kelompok Usaha                     On January 1, 2024, the Group adopted new
           menerapkan pernyataan standar akuntansi                         and revised statements of financial accounting
           keuangan dan interpretasi standar akuntansi                     standards and interpretations of statements
           keuangan baru dan revisi yang efektif sejak                     of financial accounting standards that are
           tanggal     tersebut. Perubahan    kebijakan                    mandatory for application from that date.
           akuntansi Kelompok Usaha telah dibuat seperti                   Changes to the Group’s accounting policies
           yang disyaratkan, sesuai dengan ketentuan                       have been made as required, in accordance
           transisi dalam masing-masing standar dan                        with the transitional      provisions in the
           interpretasi.                                                   respective standards and interpretations.

           Penerapan standar yang baru dan direvisi tidak                  The adoption of the following new and revised
           menghasilkan perubahan besar terhadap                           standard did not result in substantial changes
           kebijakan akuntansi Perusahaan dan tidak                        to the Company’s accounting policies and had
           memiliki dampak material pada jumlah yang                       no material effect on the amounts reported for
           dilaporkan untuk tahun keuangan saat ini atau                   the current of prior financial years:
           sebelumnya:
              Nomenklatur Standar Akuntansi Keuangan.                        Financial        Accounting   Standards
                                                                               Nomenclature.
              Amandemen PSAK No. 201: Liabilitas                             Amendment of PSAK 201: Non-current
               Jangka Panjang dengan Kovenan.                                  Liabilities with Covenants.
              Amandemen PSAK No. 116: Liabilitas                             Amendment of PSAK 116: Lease liability
               Sewa dalam Jual Beli dan Sewa-balik.                            in a Sale and Leaseback.
              Amandemen PSAK No. 207 dan PSAK                                Amendment of PSAK No. 207 and PSAK
               No. 107:    Pengaturan      Pembiayaan                          No.107: Supplier Finance Arrangements.
               Pemasok.




                                                            20
Page 336
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                 STATEMENTS
               Tanggal 31 Desember 2024                                       As of December 31, 2024
              dan untuk tahun yang berakhir                                   and for year then ended
                  pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.    SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     c.    Prinsip-prinsip konsolidasi                                c. Basis of consolidation

            Entitas anak adalah suatu entitas dimana                     Subsidiaries are entities over which the Group
            Kelompok Usaha memiliki pengendalian.                        has control. The group controls an entity when
            Kelompok Usaha mengendalikan entitas lain                    the Group is exposed or has rights to variable
            ketika Kelompok Usaha terekspos atau                         returns from its involvement with the entity and
            memiliki hak atas imbal hasil variabel dan                   has the ability to affect those returns through its
            keterlibatannya dengan entitas dan memiliki                  power over the entity. The purchase method of
            kemampuan untuk mempengaruhi imbal hasil                     accounting is used to account for the acquisition
            tersebut melalui kekuasaannya atas entitas.                  of subsidiaries by the Group. The cost includes
            Metode akuisisi digunakan untuk mencatat                     the fair value of any contingent consideration at
            akuisisi entitas anak oleh Kelompok Usaha.                   acquisition date.
            Biaya perolehan termasuk nilai wajar imbalan
            kontinjensi pada tanggal akuisisi.
            Perubahan dalam bagian kepemilikan entitas                   The changes in parent’s ownership interest in
            induk pada entitas anak yang tidak                           subsidiary that do not result in the loss of control
            mengakibatkan      hilangnya   pengendalian                  are accounted for as equity transactions. When
            dicatat sebagai transaksi ekuitas. Ketika                    control over a subsidiary is lost, any remaining
            pengendalian atas entitas anak hilang, bagian                interest in the entity is remeasured at fair value
            kepemilikan yang tersisa di entitas tersebut                 and the resulting gains or losses is recognized
            diukur kembali pada nilai wajarnya dan                       in profit or loss.
            keuntungan atau kerugian yang dihasilkan
            diakui dalam laba rugi.
            Seluruh transaksi, saldo, keuntungan dan                     All   material   intercompany transactions,
            kerugian intra Kelompok Usaha yang belum                     balances, unrealized surpluses and deficits on
            direalisasi dan material telah dieliminasi.                  transactions between Group companies are
                                                                         eliminated.
            Setiap akhir periode pelaporan, Kelompok                     At the end of each reporting period, the Group
            Usaha melakukan penelaahan ketika terdapat                   assesses when there is objective evidence that
            bukti objektif bahwa investasi pada ventura                  an investment in joint ventures and associates
            bersama dan entitas asosiasi mengalami                       is impaired.
            penurunan nilai.

            Kepentingan       non-pengendali     (“KNP”)                 Non-controlling interests (“NCI”) represent the
            merupakan proporsi atas hasil usaha dan aset                 proportion of the results and net assets of
            neto entitas anak yang tidak diatribusikan                   subsidiaries not attributable to the owners of the
            pada pemilik entitas induk.                                  parent entity.

            Kelompok Usaha mengakui kepentingan non-                     The Group recognizes any non-controlling
            pengendali pada pihak yang diakuisisi                        interests in the acquiree at the non-controlling
            sebesar bagian proporsional kepentingan                      interest’s proportionate share of acquiree’s net
            non-pengendali atas aset neto pihak yang                     assets. Non-controlling interest is reported as
            diakuisisi.   Kepentingan    non-pengendali                  equity in the consolidated statement of financial
            disajikan di ekuitas dalam laporan posisi                    position, separate from the owners of the
            keuangan konsolidasian, terpisah dari ekuitas                parent’s entity equity.
            pemilik entitas induk.

            Hasil usaha entitas anak, dimasukkan atau                    The results of subsidiaries, are included in or
            dikeluarkan dari dalam laporan keuangan                      excluded from the consolidated financial
            konsolidasian masing-masing sejak tanggal                    statements from their effective dates of
            efektif akuisisi atau tanggal pelepasan.                     acquisition or disposal respectively.




                                                            21
Page 337
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                  STATEMENTS
               Tanggal 31 Desember 2024                                        As of December 31, 2024
              dan untuk tahun yang berakhir                                    and for year then ended
                  pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.    SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     c.    Prinsip-prinsip konsolidasi (lanjutan)                      c. Basis of consolidation (continued)

            Kebijakan akuntansi yang digunakan dalam                      The accounting policies adopted in preparing
            penyusunan laporan keuangan konsolidasian                     the consolidated financial statements have
            ini telah diterapkan secara konsisten, kecuali                been consistently applied, unless otherwise
            jika dinyatakan lain.                                         stated.

            Untuk tujuan konsolidasi, akun entitas anak                   For purposes of consolidation, the accounts of
            dalam mata uang selain Rupiah, dijabarkan ke                  subsidiary, which are denominated in
            dalam Rupiah dengan dasar sebagai berikut:                    currencies other than Rupiah, are translated
                                                                          into Rupiah on the following basis:

               Seluruh aset dan liabilitas dijabarkan ke                     All assets and liabilities are translated into
                dalam mata uang Rupiah dengan                                  Rupiah at the exchange rates prevailing on
                menggunakan kurs yang berlaku pada                             the consolidated statement of financial
                tanggal    laporan    posisi    keuangan                       position dates;
                konsolidasian;
               Modal saham dijabarkan ke dalam Rupiah                        Share capital are translated into Rupiah at
                dengan kurs yang mendekati nilai tukar                         exchange rates approximating historical
                historis;                                                      exchange rates;
               Penghasilan dan beban dijabarkan                              Income and expenses are translated using
                dengan menggunakan kurs rata-rata                              the weighted average exchange rates
                tertimbang sepanjang tahun;                                    during the year;
               Selisih yang timbul dari penjabaran akun                      The difference arising from the translation
                entitas anak tersebut disajikan sebagai                        of such subsidiaries’ accounts are
                “selisih kurs atas penjabaran laporan                          presented as a “foreign exchange
                keuangan” di bawah bagian ekuitas pada                         differences     on   financial    statement
                laporan posisi keuangan konsolidasian.                         translation” under the shareholders’ equity
                                                                               section in the consolidated statements of
                                                                               financial position.

     d. Kombinasi bisnis                                               d. Business combinations

           Kombinasi bisnis dicatat menggunakan                           Business combinations are accounted for using
           metode akuisisi. Biaya perolehan suatu                         the acquisition method. The cost of an
           akuisisi diukur sebagai penjumlahan atas                       acquisition is measured as the sum of the
           imbalan yang dialihkan, yang diukur pada nilai                 consideration transferred, measured at fair
           wajar pada tanggal akuisisi, dan jumlah atas                   value at acquisition date, and amount of the NCI
           KNP di entitas yang diakuisisi. Biaya atas                     in entities acquired. Transaction costs that occur
           transaksi yang terjadi dibiayakan dan dicatat                  are directly expensed and are recorded as an
           sebagai beban pada tahun berjalan.                             expense in the current year.

           Ketika melakukan akuisisi atas sebuah bisnis,                  When the Group acquires a business, it
           Kelompok Usaha mengklasifikasikan dan                          assesses the financial assets and liabilities
           menentukan aset keuangan yang diperoleh                        assumed for appropriate classification and
           dan liabilitas keuangan yang diambil alih                      designation in accordance with the contractual
           berdasarkan pada persyaratan kontraktual,                      terms, economic circumstances and pertinent
           kondisi ekonomi dan kondisi terkait lain yang                  conditions as at the acquisition date. This
           ada pada tanggal akuisisi. Hal ini termasuk                    includes the separation of embedded derivatives
           pemisahan derivatif melekat dalam kontrak                      in host contracts by the acquiree.
           utama oleh pihak yang diakuisisi.




                                                             22
Page 338
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                      STATEMENTS
           Tanggal 31 Desember 2024                                            As of December 31, 2024
          dan untuk tahun yang berakhir                                        and for year then ended
              pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
             kecuali dinyatakan lain)


2.   IKHTISAR    INFORMASI       KEBIJAKAN                        2.   SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI YANG MATERIAL (lanjutan)                                POLICIES INFORMATION (continued)

     d. Kombinasi bisnis (lanjutan)                                    d. Business combinations (continued)

         Jika proses akuntansi awal untuk kombinasi                        When the initial accounting for a business
         bisnis belum selesai pada akhir periode                           combination is incomplete by the end of the
         pelaporan saat kombinasi terjadi, maka                            reporting period in which the combination
         Kelompok      Usaha     melaporkan      jumlah                    occurs, the Group report in the consolidated
         sementara untuk pos-pos yang proses                               financial statements provisional amounts for the
         akuntansinya belum selesai dalam laporan                          items for which the accounting is incomplete.
         keuangan konsolidasian. Selama periode                            During the measurement period, the Group
         pengukuran, Kelompok Usaha menyesuaikan                           shall retrospectively adjust the provisional
         secara retrospektif jumlah sementara yang                         amounts recognized at the acquisition date to
         diakui    pada     tanggal   akuisisi     untuk                   reflect new information obtained about facts and
         mencerminkan informasi baru yang diperoleh                        circumstances that existed as of the acquisition
         tentang fakta dan keadaan yang ada pada                           date and, if known, would have affected the
         tanggal akuisisi dan, jika diketahui, telah                       measurement of the amounts recognized as of
         berdampak pada pengukuran jumlah yang                             that date. The measurement period ends as
         diakui pada tanggal tersebut. Periode                             soon as the Group receive the information
         pengukuran      berakhir    segera     setelah                    about facts and circumstances that existed as
         Kelompok Usaha menerima informasi yang                            of the acquisition date or learn that more
         dicari tentang fakta dan keadaan yang ada                         information is not obtainable. However, the
         pada tanggal akuisisi atau mempelajari bahwa                      measurement period shall not exceed one year
         informasi lebih tidak dapat diperoleh. Namun                      from the acquisition date.
         demikian, periode pengukuran tidak boleh
         melebihi satu tahun dari tanggal akuisisi.

         Dalam suatu kombinasi bisnis yang dilakukan                       If the business combination is achieved in the
         secara     bertahap,   pihak     pengakuisisi                     stages, the acquirer remeasured the fair value
         mengukur kembali kepentingan ekuitas yang                         of equity interest that previously held by the
         dimiliki sebelumnya pada pihak yang                               acquiree at the acquisition date and recognized
         diakuisisi pada nilai wajar pada tanggal                          as gain or loss in the consolidated statement of
         akuisisi dan mengakui keuntungan atau                             profit or loss and other comprehensive income.
         kerugian yang dihasilkan sebagai laba rugi
         dalam laporan laba rugi dan penghasilan
         komprehensif lain konsolidasian.
        Pada tanggal akuisisi, goodwill awalnya diukur                     At the acquisition date, goodwill is initially
        pada harga perolehan yang merupakan selisih                        measured at cost being the excess of the
        lebih nilai agregat dari imbalan yang dialihkan                    aggregate of the consideration transferred and
        dan jumlah setiap KNP atas selisih jumlah dari                     the amount recognized for NCI over the net
        aset teridentifikasi yang diperoleh dan liabilitas                 identifiable assets acquired and liabilities
        yang diambil alih. Jika imbalan tersebut kurang                    assumed. If this consideration is lower than the
        dari nilai wajar aset neto Entitas Anak yang                       fair value of the net assets of the Subsidiary
        diakuisisi, selisih tersebut diakui dalam laba                     acquired, the difference is recognized in profit or
        rugi.                                                              loss.

        Jika goodwill telah dialokasikan pada suatu UPK                    Where goodwill forms part of a CGU and part of
        dan operasi tertentu dalam UPK tersebut                            the operations within that CGU is disposed of,
        dihentikan, maka goodwill yang diasosiasikan                       the goodwill associated with the operations
        dengan operasi yang dihentikan tersebut                            disposed of is included in the carrying amount of
        termasuk dalam jumlah tercatat operasi tersebut                    the operations when determining the gain or loss
        ketika menentukan keuntungan atau kerugian                         on disposal of the operations. Goodwill disposed
        dari penghentian operasi. Goodwill yang                            of in this circumstance is measured based on the
        dilepaskan tersebut disajikan berdasarkan nilai                    relative values of the operations disposed of and
        relatif operasi yang dihentikan dan porsi UPK                      the portion of the CGU retained.
        yang ditahan.


                                                             23
Page 339
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2024                                          As of December 31, 2024
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     d.    Kombinasi bisnis (lanjutan)                                   d. Business combinations (continued)

           Jika goodwill telah dialokasikan pada suatu                       Where goodwill forms part of a CGU and part of
           UPK dan operasi tertentu atas UPK tersebut                        the operation within that unit is disposed of, the
           dihentikan, maka goodwill yang diasosiasikan                      goodwill associated with the operation disposed
           dengan operasi yang dihentikan tersebut                           of is included in the carrying amount of the
           termasuk dalam jumlah tercatat operasi                            operation when determining the gain or loss on
           tersebut ketika menentukan keuntungan atau                        disposal of the operation. Goodwill disposed of
           kerugian dari pelepasan. Goodwill yang                            in this circumstance is measured based on the
           dilepaskan tersebut diukur berdasarkan nilai                      relative values of the operation disposed of and
           relatif operasi yang dihentikan dan porsi UPK                     the portion of the CGU retained.
           yang ditahan.

     e.    Kombinasi bisnis entitas sepengendali                          e. Common control business combination

           Transaksi      kombinasi      bisnis     entitas                  Business combination transaction under
           sepengendali, berupa pengalihan bisnis dalam                      common control, in the form of transfer of
           rangka reorganisasi entitas-entitas yang berada                   business within the framework of reorganization
           dalam suatu Kelompok Usaha yang sama, bukan                       of entities under the same business group is not
           merupakan perubahan kepemilikan dalam arti                        a change of ownership in economic substance,
           substansi ekonomi, sehingga transaksi tersebut                    therefore it would not result in a gain or loss for
           tidak dapat menimbulkan laba atau rugi bagi                       the group as a whole or to the individual entity
           Kelompok Usaha secara keseluruhan ataupun                         within the same group, therefore the
           bagi entitas individual dalam Kelompok Usaha                      transactions are recorded using the pooling-of-
           tersebut, karenanya transaksi tersebut diakui                     interests method.
           pada jumlah tercatat berdasarkan metode
           penyatuan kepemilikan (pooling-of-interests).
           Dalam     menerapkan        metode     penyatuan                  In applying the pooling-of-interests method, the
           kepemilikan, komponen laporan keuangan                            components of the financial statements for the
           untuk periode dimana terjadi kombinasi bisnis                     period during which the business combination
           dan untuk periode komparatif sajian, disajikan                    occurred and for other periods presented for
           sedemikian rupa seolah-olah penggabungan                          comparison purposes, are presented in such a
           tersebut telah terjadi sejak awal periode entitas                 manner as if the combination has already
           yang bergabung berada dalam sepengendalian.                       occurred since the beginning of the period in
                                                                             which the entities were under common control.

           Entitas yang melepas bisnis maupun yang                           The entity that disposed and received business
           menerima bisnis mencatat selisih antara                           records     the    difference   between    the
           imbalan yang diterima/dialihkan dan jumlah                        consideration received/transferred and the
           tercatat bisnis yang dilepas/jumlah tercatat dari                 carrying     amount       of   the    disposed
           setiap transaksi kombinasi bisnis di ekuitas dan                  business/carrying amount of any business
           menyajikannya dalam akun “Tambahan Modal                          combination transaction in equity and
           Disetor”.                                                         presenting it in “Additional Paid-in Capital”
                                                                             account.

     f.    Transaksi dan saldo dalam mata uang asing                     f. Foreign currency transactions and balances

           Laporan keuangan konsolidasian Kelompok                           The Group’s consolidated financial statements
           Usaha disajikan dalam Rupiah, yang juga                           are presented in Rupiah, which is also the
           merupakan mata uang fungsional Perseroan.                         Company’s        functional currency.    Each
           Setiap entitas anak menentukan mata uang                          subsidiary determines its own functional
           fungsional dalam transaksi-transaksi yang                         currency and items included in the financial
           termasuk dalam laporan keuangan pada setiap                       statements of each entity are measured using
           entitas diukur dengan mata uang fungsional                        that functional currency.
           tersebut.


                                                               24
Page 340
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2024                                            As of December 31, 2024
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                                2. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     f.    Transaksi dan saldo dalam mata uang asing                        f. Foreign currency transactions and balances
           (lanjutan)                                                          (continued)

           Transaksi dalam mata uang asing dicatat dalam                       Transactions involving foreign currencies are
           Rupiah dengan menggunakan kurs yang                                 recorded in Rupiah at the rates of exchange
           berlaku pada tanggal transaksi. Pada tanggal                        prevailing at the time the transactions are made.
           pelaporan keuangan, aset dan liabilitas                             At the financial reporting dates, monetary
           moneter dalam mata uang asing dijabarkan                            assets and liabilities denominated in foreign
           sesuai dengan rata-rata kurs jual dan beli yang                     currencies are adjusted to reflect the average of
           diterbitkan oleh Bank Indonesia pada tanggal                        the selling and buying rates of exchange
           transaksi perbankan terakhir untuk tahun yang                       prevailing at the last banking transaction date of
           bersangkutan, dan laba atau rugi kurs yang                          the year, as published by Bank Indonesia, and
           timbul, dikreditkan atau dibebankan pada                            any resulting gains or losses are credited or
           laporan laba rugi komprehensif konsolidasian                        charged to the current year consolidated
           tahun berjalan.                                                     statements of comprehensive income.

           Transaksi-transaksi non-moneter dalam mata                           Non-monetary items that are measured in
           uang asing yang diukur dengan metode biaya                           terms of historical cost in a foreign currency are
           historis dijabarkan menggunakan kurs pada                            translated using the exchange rates as at the
           tanggal terjadinya transaksi. Transaksi-                             dates of the initial transactions. Non-monetary
           transaksi non-moneter dalam mata uang asing                          items measured at fair value in a foreign
           yang diukur pada nilai wajar dijabarkan                              currency are translated using the exchange
           menggunakan kurs pada tanggal penentuan                              rates at the date when the fair value is
           nilai wajar tersebut.                                                determined.

           Keuntungan dan kerugian dari selisih kurs yang                      Exchange gains and losses arising on foreign
           timbul dari transaksi dalam mata uang asing                         currency transactions and on the translation of
           dan penjabaran aset dan liabilitas moneter                          foreign currency monetary assets and liabilities
           dalam mata uang asing ke mata uang Rupiah                           into Rupiah are recognized in the current year
           dibebankan pada laba rugi tahun berjalan.                           profit or loss.

           Pada tanggal 31 Desember 2024, 2023, dan                             The     exchange       rates   used as of
           2022, nilai tukar yang digunakan adalah                              December 31, 2024, 2023, and 2022 were as
           sebagai berikut (nilai penuh dalam Rupiah):                          follows (full amount in Rupiah):

                                  31 Desember/          31 Desember/          31 Desember/
                                  December 31, 2024   December 31, 2023     December 31, 2022

           Rupiah/1 Dolar AS                16.162                15.416              15.731                     Rupiah/1 US Dollar



     g.    Instrumen Keuangan                                               g. Financial Instruments

           Aset Keuangan                                                        Financial Assets

           Kelompok Usaha mengklasifikasikan aset                               The Group classifies its financial assets into the
           keuangannya dalam kategori (a) aset                                  following category: (a) financial assets
           keuangan yang diukur pada nilai wajar melalui                        measured at fair value through profit or loss, (b)
           laba rugi, (b) aset keuangan yang diukur pada                        financial assets measured at fair value through
           nilai wajar melalui pendapatan komprehensif                          other comprehensive income, and (c) financial
           lainnya, dan (c) aset keuangan yang diukur                           assets measured at amortised cost.
           pada biaya perolehan diamortisasi.




                                                             25
Page 341
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                 STATEMENTS
               Tanggal 31 Desember 2024                                       As of December 31, 2024
              dan untuk tahun yang berakhir                                   and for year then ended
                  pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                               g. Financial Instruments (continued)

           Aset Keuangan (lanjutan)                                        Financial Assets (continued)

            Kelompok Usaha menggunakan 2 (dua) dasar                      The Group used 2 (two) methods to classify its
            untuk mengklasifikasikan aset keuangan yaitu                  financial assets, which based on the Group’s
            model bisnis Kelompok Usaha dalam                             business model in managing the financial
            mengelola aset keuangan dan karakteristik                     assets, and the contractual cash flow of the
            arus kas kontraktual dari aset keuangan                       financial assets (SPPI).
            (SPPB).

            Agar aset keuangan diklasifikasikan dan                       In order for a financial asset to be classified and
            diukur pada biaya perolehan diamortisasi atau                 measured at amortized cost or FVOCI, it needs
            NWPKL, aset keuangan harus menghasilkan                       to give rise to cash flows that are SPPI on the
            arus kas yang semata dari SPPB dari jumlah                    principal amount outstanding. This assessment
            pokok terutang. Penilaian ini disebut sebagai                 is referred to as the SPPI test and is performed
            uji SPPB dan dilakukan pada tingkat                           at an instrument level.
            instrumen.

            Pengujian SPPB                                                SPPI Test

           Nilai pokok untuk tujuan pengujian ini                          Principal for the purpose of this test is defined
           didefinisikan sebagai nilai wajar dari aset                     as the fair value of the financial asset at initial
           keuangan pada pengakuan awal dan dapat                          recognition and may change over the life of the
           berubah selama umur aset keuangan                               financial asset (for example, if there are
           (misalnya, jika ada pembayaran pokok atau                       repayments of principal or amortization of the
           amortisasi premi/diskon).                                       premium/discount).

            Sebagai langkah pertama dari proses                            As a first step of its classification process, the
            klasifikasi,  Kelompok   Usaha   menilai                       Group assesses the contractual terms of
            persyaratan kontraktual keuangan untuk                         financial to identify whether they meet the SPPI
            mengidentifikasi apakah mereka memenuhi                        test.
            pengujian SPPB.

           Elemen bunga yang paling signifikan dalam                        The most significant elements of interest within
           perjanjian biasanya adalah pertimbangan atas                     a arrangement are typically the consideration
           nilai waktu dari uang dan risiko kredit. Untuk                   for the time value of money and credit risk. To
           membuat penilaian SPPB, Kelompok Usaha                           make the SPPI assessment, the Group applies
           menerapkan pertimbangan dan memperhatikan                        judgment and considers relevant factors such
           faktor-faktor yang relevan seperti mata uang                     as the currency in which the financial asset is
           dimana aset keuangan didenominasikan dan                         denominated, and the period for which the
           periode pada saat suku bunga ditetapkan.                         interest rate is set.

           Sebaliknya, persyaratan kontraktual yang                        In contrast, contractual terms that introduce a
           memberikan eksposur lebih dari de minimis                       more than de minimis exposure to risks or
           atas risiko atau volatilitas dalam arus kas                     volatility in the contractual cash flows that are
           kontraktual yang tidak terkait dengan dasar                     unrelated to a basic lending arrangement, do
           pengaturan pinjaman, tidak menimbulkan arus                     not give rise to contractual cash flows that are
           kas kontraktual SPPB atas jumlah saldo. Dalam                   solely payments of principal and interest on the
           kasus seperti itu, aset keuangan diharuskan                     amount outstanding. In such cases, the financial
           untuk diukur pada Fair Value through Profit                     asset is required to be measured as Fair Value
           Loss (FVPL).                                                    through Profit Loss (FVPL).




                                                            26
Page 342
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                      STATEMENTS
            Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk tahun yang berakhir                                        and for year then ended
               pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
              kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.     SUMMARY      OF  MATERIAL      ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     g. Instrumen Keuangan (lanjutan)                                  g. Financial Instruments (continued)

         Aset Keuangan (lanjutan)                                          Financial Assets (continued)

         Penilaian model bisnis                                            Business model assessment

         Kelompok Usaha menentukan model bisnisnya                         The Group determines its business model at the
         berdasarkan tingkat yang paling mencerminkan                      level that most reflects how it the business group
         bagaimana Kelompok Usaha mengelola                                manages its financial groups of financial assets to
         kelompok atas keuangannya untuk mencapai                          achieve its business objective.
         tujuan bisnisnya.

         Model bisnis Kelompok Usaha tidak dinilai                         The Group’s business model is not assessed on an
         berdasarkan masing-masing instrumennya,                           instrument-by-instrument basis, but at a higher
         tetapi pada tingkat portofolio secara agregat                     level of aggregated portfolios and is based on
         yang lebih tinggi dan didasarkan pada faktor-                     observable factors such as:
         faktor yang dapat diamati seperti:
             Bagaimana kinerja model bisnis dan aset                           How the performance of the business model
              keuangan yang dimiliki dalam model bisnis                          and the financial assets held within that
              tersebut dievaluasi dan dilaporkan kepada                          business model are evaluated and reported
              personel manajemen kunci;                                          to the entity’s key management personnel;
             Risiko yang mempengaruhi kinerja model                            The risks that affect the performance of the
              bisnis (dan aset keuangan yang dimiliki                            business model (and the financial assets held
              dalam model bisnis tersebut) dan,                                  within that business model) and, in particular
              khususnya, bagaimana cara risiko tersebut                          the way those risks are managed;
              dikelola;
             Bagaimana manajer bisnis dikompensasi                             How business managers are compensated
              (misalnya, apakah kompensasi didasarkan                            (for example, whether the compensation is
              pada nilai wajar dari aset yang dikelola                           based on the fair value of the assets managed
              atau pada arus kas kontraktual yang                                or on the contractual cash flows collected);
              tertagih);
             Frekuensi, nilai, dan waktu penjualan yang                        The expected frequency, value, and timing of
              diharapkan, juga merupakan aspek                                   sales are also important aspects of the
              penting dari penilaian Kelompok Usaha.                             Group’s assessment.

         Penilaian model bisnis didasarkan pada                            The business model assessment is based on
         skenario yang diharapkan secara wajar tanpa                       reasonably expected scenarios without taking
         mempertimbangkan skenario “worst case” atau                       “worst case” or “stress case” scenarios into
         “stress case”. Jika arus kas setelah pengakuan                    account. If cash flows after initial recognition are
         awal direalisasikan dengan cara yang berbeda                      realised in a way that is different from the Group’s
         dari yang awal diharapkan, Kelompok Usaha                         original expectations, the Group does not change
         tidak mengubah klasifikasi aset keuangan                          the classification of the remaining financial assets
         dimiliki yang tersisa dalam model bisnis                          held in that business model, but incorporates such
         tersebut, tetapi memasukkan informasi tersebut                    information when assessing newly originated or
         dalam melakukan penilaian atas aset keuangan                      newly purchased financial assets going forward.
         yang baru atau yang baru dibeli selanjutnya.




                                                           27
Page 343
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                        PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                         STATEMENTS
               Tanggal 31 Desember 2024                                               As of December 31, 2024
              dan untuk tahun yang berakhir                                           and for year then ended
                  pada tanggal tersebut                                          (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                     g. Financial Instruments (continued)

           Aset Keuangan (lanjutan)                                              Financial Assets (continued)

           Penilaian model bisnis (lanjutan)                                     Business model assessment (continued)

            Aset keuangan yang diukur pada biaya                                 Financial assets are measured at amortized cost
            perolehan diamortisasi jika aset keuangan                            if the financial asset is managed in a business
            dikelola dalam model bisnis yang bertujuan                           model aimed at owning a financial asset in order
            untuk memiliki aset keuangan dalam rangka                            to obtain a contractual cash flow and the
            mendapatkan arus kas kontraktual dan                                 contractual requirements of a financial asset that
            persyaratan kontraktual dari aset keuangan                           on a given date increases the cash flow solely
            yang pada tanggal tertentu meningkatkan arus                         from the principal and interest payments (solely
            kas yang semata dari pembayaran pokok dan                            payments of principal and interest) of the amount
            bunga (solely payments of principal and                              owed.
            interest) dari jumlah pokok terutang.

            Pada saat pengakuan awal, aset keuangan                              At initial recognition, the financial assets
            yang diukur pada biaya perolehan diamortisasi                        measured at amortized cost are recognized at
            diakui pada nilai wajarnya ditambah biaya                            the fair value plus the transaction fee and
            transaksi dan selanjutnya diukur pada biaya                          subsequently measured at amortized cost by
            perolehan diamortisasi dengan menggunakan                            using the effective interest rate.
            suku bunga efektif.

            Pendapatan bunga dari aset keuangan yang                              Interest income from financial assets measured
            diukur pada biaya perolehan diamortisasi                              at amortized cost is recorded in the consolidated
            dicatat dalam laporan laba rugi dan                                   statements of profit and loss and other
            penghasilan komprehensif lain konsolidasian                           comprehensive income and is recognized as
            dan diakui sebagai “pendapatan bunga”. Ketika                         "interest income". When a decline in value
            penurunan nilai terjadi, kerugian penurunan                           occurs, the impairment loss is recognized as a
            nilai diakui sebagai pengurang dari nilai tercatat                    deduction of the recorded value of the financial
            aset keuangan dan diakui didalam laporan                              asset and is acknowledged in the consolidated
            keuangan          konsolidasian          sebagai                      financial statements as "the establishment of a
            “pembentukan cadangan kerugian penurunan                              reserve impairment loss".
            nilai”.

           Metode Suku Bunga Efektif                                              Effective Interest Method

           Metode suku bunga efektif adalah metode yang                           The effective interest method is a method of
           digunakan untuk menghitung biaya perolehan                             calculating the amortised cost of a financial asset
           diamortisasi dari instrumen keuangan dan                               and of allocating interest income over the
           metode untuk mengalokasikan pendapatan                                 relevant period. The effective interest rate is the
           bunga selama periode yang relevan. Suku                                rate that exactly discounts estimated future cash
           bunga efektif adalah suku bunga yang secara                            receipts (including all fees and points paid or
           tepat mendiskontokan estimasi penerimaan kas                           received that form an integral part of the effective
           di masa datang (mencakup seluruh komisi dan                            interest rate, transaction costs and other
           bentuk lain yang dibayarkan dan diterima yang                          premiums or discounts) through the expected life
           merupakan bagian yang tak terpisahkan dari                             of the financial instrument, or, where
           suku bunga efektif, biaya transaksi dan                                appropriate, a shorter period to the net carrying
           premium dan diskonto lainnya) selama                                   amount of financial assets on initial recognition.
           perkiraan umur instrumen keuangan, atau, jika
           lebih tepat, digunakan periode yang lebih
           singkat untuk memperoleh nilai tercatat bersih
           aset keuangan pada saat pengakuan awal.




                                                                 28
Page 344
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                       STATEMENTS
               Tanggal 31 Desember 2024                                             As of December 31, 2024
              dan untuk tahun yang berakhir                                         and for year then ended
                  pada tanggal tersebut                                        (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                        unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                   g. Financial Instruments (continued)

           Aset Keuangan (lanjutan)                                            Financial Assets (continued)

            Metode Suku Bunga Efektif (lanjutan)                               Effective Interest Method (continued)

            Pendapatan diakui berdasarkan suku bunga                           Income is recognized on an effective interest
            efektif untuk instrumen keuangan selain dari aset                  basis for financial instruments other than those
            keuangan FVTPL.                                                    financial assets at FVTPL

           Penurunan Nilai Aset Keuangan                                        Impairment of Financial Assets

           Aset keuangan, selain aset keuangan FVTPL,                           Financial assets, other than those at FVTPL, are
           dievaluasi terhadap indikator penurunan nilai                        assessed for indicators of impairment at the end
           pada setiap akhir periode pelaporan. Aset                            of each reporting date. Financial assets are
           keuangan diturunkan nilainya bila terdapat bukti                     considered to be impaired when there is
           objektif, sebagai akibat dari satu atau lebih                        objective evidence that, as a result of one or
           peristiwa yang terjadi setelah pengakuan awal                        more events that occurred after the initial
           aset keuangan, dan peristiwa yang merugikan                          recognition of the financial asset, the estimated
           tersebut berdampak pada estimasi arus kas                            future cash flows of the investment have been
           masa depan atas aset keuangan yang dapat                             affected.
           diestimasi secara andal.

            Untuk kelompok aset keuangan tertentu, seperti                      For certain categories of financial asset, such as
            piutang, aset yang dinilai tidak akan diturunkan                    receivables, assets that are assessed not to be
            secara individual akan dievaluasi penurunan                         impaired individually are, in addition, assessed
            nilainya secara kolektif. Bukti objektif dari                       for impairment on a collective basis. Objective
            penurunan nilai portofolio piutang dapat                            evidence of impairment for a portfolio of
            termasuk pengalaman Kelompok Usaha atas                             receivables could include the Group’s past
            tertagihnya piutang di masa lalu, peningkatan                       experience of collecting payments, an increase
            keterlambatan penerimaan pembayaran piutang                         in the number of delayed payments in the
            dari rata-rata periode kredit, dan juga                             portfolio past the average credit period, as well
            pengamatan atas perubahan kondisi ekonomi                           as observable changes in national or local
            nasional atau lokal yang berkorelasi dengan                         economic conditions that correlate with default
            gagal bayar atas piutang.                                           on receivables.

            Untuk aset keuangan yang diukur pada biaya                          For financial assets carried at amortised cost,
            perolehan diamortisasi, jumlah kerugian                             the amount of the impairment loss is measured
            penurunan nilai merupakan selisih antara                            as the difference between the asset’s carrying
            jumlah tercatat aset keuangan dengan nilai kini                     amount and the present value of estimated
            dari estimasi arus kas masa depan yang                              future cash flows, discounted at the financial
            didiskontokan menggunakan suku bunga efektif                        asset’s original effective interest rate.
            awal dari aset keuangan.




                                                               29
Page 345
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2024                                            As of December 31, 2024
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                  g. Financial Instruments (continued)

           Aset Keuangan (lanjutan)                                           Financial Assets (continued)

           Penurunan Nilai Aset Keuangan (lanjutan)                           Impairment of Financial Assets (continued)

            Untuk aset keuangan yang diukur pada biaya                        For financial assets carried at amortised cost,
            perolehan diamortisasi, jumlah kerugian                           the amount of the impairment loss is measured
            penurunan nilai merupakan selisih antara                          as the difference between the asset’s carrying
            jumlah tercatat aset keuangan dengan nilai kini                   amount and the present value of estimated
            dari estimasi arus kas masa depan yang                            future cash flows, discounted at the financial
            didiskontokan menggunakan suku bunga efektif                      asset’s original effective interest rate.
            awal dari aset keuangan.

            Jumlah tercatat aset keuangan tersebut                           The carrying amount of the financial asset is
            dikurangi dengan kerugian penurunan nilai                        reduced by the impairment loss directly for all
            secara langsung atas seluruh aset keuangan,                      financial assets with the exception of
            kecuali piutang yang jumlah tercatatnya                          receivables, where the carrying amount is
            dikurangi melalui penggunaan akun cadangan                       reduced through the use of an allowance
            piutang. Jika piutang tidak tertagih, piutang                    account. When a receivable is considered
            tersebut dihapuskan melalui akun cadangan                        uncollectible, it is written off against the
            piutang. Pemulihan kemudian dari jumlah yang                     allowance account. Subsequent recoveries of
            sebelumnya telah dihapuskan dikreditkan                          amounts previously written off are credited
            terhadap akun cadangan. Perubahan jumlah                         against the allowance account. Changes in the
            tercatat akun cadangan piutang diakui dalam                      carrying amount of the allowance account are
            laba rugi.                                                       recognized in profit or loss.

           Liabilitas Keuangan dan Instrumen Ekuitas                          Financial Liabilities and Equity Instruments

            Klasifikasi sebagai liabilitas atau ekuitas                       Classification as debt or equity

           Instrumen keuangan dan ekuitas yang                                Debt and equity instruments issued by the
           diterbitkan oleh Kelompok Usaha diklasifikasikan                   Group are classified as either financial liabilities
           sebagai liabilitas keuangan atau ekuitas sesuai                    or as equity in accordance with the substance of
           dengan substansi perjanjian kontraktual dan                        the contractual arrangements entered into and
           definisi liabilitas keuangan dan instrumen                         the definitions of a financial liability and an
           ekuitas.                                                           equity instrument.

            Pengakuan dan Pengukuran Awal                                     Initial Recognition and Measurement

            Liabilitas keuangan diklasifikasikan sebagai                       Financial liabilities are classified as financial
            liabilitas keuangan yang diukur pada nilai wajar                   liabilities at fair value through profit or loss or
            melalui laba rugi atau liabilitas keuangan pada                    financial liabilities at amortized cost. The Group
            biaya perolehan diamortisasi. Kelompok Usaha                       determines the classification of its financial
            menentukan klasifikasi liabilitas keuangan                         liabilities at initial recognition.
            mereka pada saat pengakuan awal.




                                                              30
Page 346
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2024                                          As of December 31, 2024
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                g. Financial Instruments (continued)

           Liabilitas Keuangan dan Instrumen Ekuitas                        Financial Liabilities and Equity Instruments
           (lanjutan)                                                       (continued)

           Liabilitas keuangan                                              Financial liabilities

            Pengakuan dan Pengukuran Awal (lanjutan)                        Initial Recognition and Measurement (continued)

            Liabilitas keuangan awalnya diukur sebesar nilai                 Financial liabilities are initially measured at fair
            wajarnya. Biaya transaksi yang dapat                             value. Transaction costs that are directly
            diatribusikan secara langsung dengan perolehan                   attributable to the acquisition of financial
            liabilitas keuangan (selain liabilitas keuangan                  liabilities (other than financial liabilities at fair
            yang diukur pada nilai wajar melalui laba rugi)                  value through profit or loss) are added to or
            ditambahkan atau dikurangkan dari nilai wajar                    deducted from the fair value of the financial
            liabilitas keuangan, yang sesuai, pada                           liabilities, as appropriate, on initial recognition.
            pengakuan awal. Biaya transaksi yang dapat                       Transaction costs directly attributable to the
            diatribusikan secara langsung dengan perolehan                   acquisition of financial liabilities at fair value
            liabilitas keuangan yang diukur pada nilai wajar                 through profit or loss are recognized immediately
            melalui laba rugi langsung diakui dalam laba                     in profit or loss.
            rugi.

            Liabilitas keuangan Kelompok Usaha terdiri dari                 The Group’s financial liabilities consist of short-
            utang bank jangka pendek, utang usaha, utang                    term bank loans, trade payables, other payables,
            lain-lain, beban akrual, liabilitas imbalan kerja               accrued expenses, short-term employee benefits
            karyawan jangka pendek, utang bank jangka                       liabilities, long-term bank loans, finance lease
            panjang, utang sewa pembiayaan, dan utang                       payables, and bond payables classified as
            obligasi diklasifikasikan sebagai liabilitas                    financial liabilities at amortized cost. The Group
            keuangan       yang   diukur      dengan    biaya               has no financial liabilities at fair value through
            diamortisasi. Kelompok Usaha tidak memiliki                     profit or loss.
            liabilitas keuangan yang diukur pada nilai wajar
            melalui laba rugi.

           Pengukuran Selanjutnya                                            Subsequent Measurement

           Setelah pengakuan awal, liabilitas keuangan                       After initial recognition, interest-bearing financial
           yang dikenakan bunga diukur pada biaya                            liabilities are subsequently measured at
           perolehan diamortisasi dengan menggunakan                         amortized cost using the Effective Interest Rate
           metode Suku Bunga Efektif (SBE).                                  (EIR) method.

           Pada tanggal pelaporan, akrual beban bunga                        At the reporting dates, accrued interest expenses
           dicatat secara terpisah dari pokok pinjaman                       is recorded separately from the associated
           terkait dalam bagian liabilitas lancar. Keuntungan                borrowings within the current liabilities section.
           atau kerugian harus diakui dalam laba rugi ketika                 Gains and losses are recognized in profit or loss
           liabilitas tersebut dihentikan pengakuannya serta                 when the liabilities are derecognized as well as
           melalui proses amortisasi SBE.                                    through the EIR amortization process.

           Biaya perolehan diamortisasi dihitung dengan                      Amortized cost is calculated by taking into
           mempertimbangkan diskonto atau premium atas                       account any discount or premium on acquisition
           perolehan dan komisi atau biaya yang                              and fee or costs that are an integral part of the
           merupakan bagian tidak terpisahkan dari SBE.                      EIR. The EIR amortization is included in finance
           Amortisasi SBE dicatat sebagai beban                              expenses in profit or loss.
           pembiayaan dalam laba rugi.




                                                            31
Page 347
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                        STATEMENTS
               Tanggal 31 Desember 2024                                              As of December 31, 2024
              dan untuk tahun yang berakhir                                          and for year then ended
                  pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.     SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                    g. Financial Instruments (continued)

           Liabilitas Keuangan (lanjutan)                                       Financial Liabilities (continued)

           Penghentian Pengakuan                                                Derecognition

           Suatu     liabilitas     keuangan     dihentikan                     A financial liability is derecognized when
           pengakuannya         ketika   kewajiban    yang                      the obligation under the liability is discharged or
           ditetapkan dalam kontrak dihentikan atau                             cancelled or has expired.
           dibatalkan atau kadaluarsa.

           Ketika liabilitas keuangan awal digantikan                           When an existing financial liability is replaced by
           dengan liabilitas keuangan lain dari pemberi                         another from the same lender on substantially
           pinjaman yang sama dengan ketentuan yang                             different terms, or the terms of an existing liability
           berbeda secara substansial, atau modifikasi                          are substantially modified, such an exchange or
           secara substansial atas liabilitas keuangan                          modification is treated as a derecognition of the
           yang saat ini ada, maka pertukaran atau                              original liability and the recognition of a new
           modifikasi      tersebut        dicatat   sebagai                    liability, and the difference in the respective
           penghapusan liabilitas keuangan awal dan                             carrying amounts is recognized in profit or loss.
           pengakuan liabilitas keuangan baru dan selisih
           antara nilai tercatat liabilitas keuangan tersebut
           diakui dalam laba rugi.

           Reklasifikasi Instrumen Keuangan                                     Reclassification of Financial Instruments

           Kelompok Usaha diperkenankan            untuk                        The Group is allowed to reclassify the financial
           melakukan reklasifikasi atas aset keuangan                           assets owned if the Group changes the business
           yang dimiliki jika Kelompok Usaha mengubah                           model for the management of financial assets
           model bisnis untuk pengelolaan aset keuangan                         and the Group is not allowed to reclassify the
           dan Kelompok Usaha tidak diperkenankan                               financial liabilities.
           untuk melakukan reklasifikasi atas liabilitas
           keuangan.

           Perubahan model bisnis sifatnya harus                                The changes in the business model should
           berdampak secara signifikan terhadap kegiatan                        significantly impact the Group's operational
           operasional      Kelompok      Usaha    seperti                      activities such as acquiring, releasing or ending
           memperoleh, melepaskan, atau mengakhiri                              a line of business. In addition, the Group needs
           suatu lini bisnis. Selain itu, Kelompok Usaha                        to prove the change to external parties.
           perlu membuktikan adanya perubahan tersebut
           kepada pihak eksternal.

           Kelompok Usaha akan mereklasifikasi seluruh                          The Group will reclassify all financial assets
           aset keuangan yang terkena dampak dari                               impacted by changes in the business model. The
           perubahan model bisnis. Perubahan tujuan                             changes of the Group’s business model must
           model bisnis Kelompok Usaha harus                                    have an impact before the reclassification date.
           berdampak sebelum tanggal reklasifikasi.

           Yang bukan merupakan perubahan model                                 The following are not considered as change in
           bisnis adalah: (a) Perubahan intensi berkaitan                       business model: (a) the change of intention
           dengan aset keuangan tertentu (bahkan dalam                          relates to certain financial assets (even in
           situasi perubahan signifikan dalam kondisi                           situations of significant changes in market
           pasar), (b) Hilangnya sementara pasar tertentu                       conditions), (b) temporary loss of certain markets
           untuk aset keuangan, dan (c) Pengalihan aset                         for financial assets, and (c) the transfer of
           keuangan antara bagian dari Kelompok Usaha                           financial assets between parts of the Group and
           dengan model bisnis berbeda.                                         different business models.



                                                                32
Page 348
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                        PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                         STATEMENTS
               Tanggal 31 Desember 2024                                               As of December 31, 2024
              dan untuk tahun yang berakhir                                           and for year then ended
                  pada tanggal tersebut                                          (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.     SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                     g. Financial Instruments (continued)

           Saling Hapus Instrumen Keuangan                                       Offsetting of Financial Instruments

           Aset keuangan dan liabilitas keuangan                                 Financial assets and financial liabilities are offset
           disalinghapuskan dan nilai netonya disajikan                          and the net amount presented in the statement
           dalam laporan posisi keuangan jika Kelompok                           of financial position when the Group has a legally
           Usaha memiliki hak yang dapat dipaksakan                              enforceable right to set off the recognized
           secara hukum untuk melakukan saling hapus                             amounts; and intends either to settle on a net
           atas jumlah yang telah diakui; dan berintensi                         basis, or to realise the asset and settle the
           untuk menyelesaikan secara neto atau untuk                            liability simultaneously. A right to set-off must be
           merealisasikan aset dan menyelesaikan                                 available today rather than being contingent on
           liabilitasnya secara simultan. Hak saling hapus                       a future event and must be exercisable by any of
           harus ada pada saat ini daripada bersifat                             the counterparties, both in the normal course of
           kontinjen atas terjadinya suatu peristiwa di                          business and in the event of default, insolvency,
           masa depan dan harus dieksekusi oleh pihak                            or bankruptcy.
           lawan, baik dalam situasi bisnis normal dan
           dalam peristiwa gagal bayar, peristiwa
           kepailitan, atau kebangkrutan.

           Pengukuran Nilai Wajar                                                Fair Value Measurement

           Kelompok Usaha mengukur pada pengakuan                                The Group initially measures financial
           awal instrumen keuangan pada nilai wajar, dan                         instruments at fair value, and assets and
           aset dan liabilitas yang diakuisisi pada                              liabilities of the acquirees upon business
           kombinasi bisnis. Kelompok Usaha juga                                 combinations. It also measures certain
           mengukur jumlah terpulihkan dari UPK tertentu                         recoverable amounts of the CGU using fair value
           berdasarkan nilai wajar dikurangi biaya                               less cost of disposal (“FVLCD”).
           pelepasan.

           Nilai wajar adalah harga yang akan diterima dari                      Fair value is the price that would be received to
           menjual suatu aset atau harga yang akan                               sell an asset or paid to transfer a liability in an
           dibayar untuk mengalihkan suatu liabilitas                            orderly transaction between market participants
           dalam transaksi teratur antara pelaku pasar                           at the measurement date. The fair value
           pada tanggal pengukuran. Pengukuran nilai                             measurement is based on the presumption that
           wajar mengasumsikan bahwa transaksi untuk                             the transaction to sell the asset or transfer the
           menjual aset atau mengalihkan liabilitas terjadi:                     liability takes place either:
           i. di pasar utama untuk aset atau liabilitas                          i. in the principal market for the asset or
               tersebut, atau                                                         liability, or
           ii. jika tidak terdapat pasar utama, di pasar                         ii. in the absence of a principal market, in the
               yang paling menguntungkan untuk aset atau                              most advantageous market for the asset or
               liabilitas tersebut.                                                   liability.

           Pasar utama atau pasar yang paling                                    The principal or the most advantageous market
           menguntungkan tersebut harus dapat diakses                            must be accessible to by the Group.
           oleh Kelompok Usaha.

           Nilai wajar dari aset atau liabilitas diukur dengan                   The fair value of an asset or a liability is
           menggunakan asumsi yang akan digunakan                                measured using the assumptions that market
           pelaku pasar ketika menentukan harga aset                             participants would use when pricing the asset or
           atau liabilitas tersebut, dengan asumsi bahwa                         liability, assuming that market participants act in
           pelaku pasar bertindak dalam kepentingan                              their economic best interest.
           ekonomi terbaiknya.




                                                                 33
Page 349
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2024                                          As of December 31, 2024
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     h.    Kas dan setara kas                                            h.   Cash and cash equivalents

           Kas dan setara kas terdiri dari kas dan bank                       Cash and cash equivalents consist of cash on
           serta deposito berjangka dengan jatuh tempo                        hand and in banks, and short-term deposits
           kurang dari tiga (3) bulan dan tidak digunakan                     with maturities within three (3) months or less
           sebagai jaminan atas pinjaman dan tidak                            and not pledged as collateral and are not
           dibatasi penggunaannya. Untuk kepentingan                          restricted. For the purpose of the consolidated
           laporan arus kas konsolidasian, kas dan setara                     statements of cash flows, cash and cash
           kas terdiri dari kas dan bank dan deposito                         equivalents consist of cash on hand and in
           berjangka sebagaimana didefinisikan di atas.                       banks and short-term deposits as defined
                                                                              above.

           Kas yang dibatasi penggunaannya disajikan                          Restricted cash are presented separately from
           secara terpisah dari kas dan setara kas.                           cash and cash equivalents.

     i.    Persediaan                                                    i.   Inventories

           Persediaan diakui sebesar nilai yang lebih                         Inventories are stated at the lower of cost or net
           rendah antara biaya perolehan atau nilai                           realizable value. Cost is determined on the
           realisasi neto. Biaya perolehan persediaan                         average cost method and comprises all costs of
           ditentukan dengan menggunakan metode biaya                         purchase, costs of conversion and other costs
           rata-rata yang meliputi seluruh biaya-biaya                        incurred in bringing the inventory to its present
           yang terjadi untuk memperoleh persediaan                           location and condition. Net realizable value is
           tersebut sampai ke lokasi dan kondisinya saat                      the estimated selling price in the ordinary
           ini. Nilai realisasi neto persediaan adalah                        course of business, less estimated costs of
           estimasi harga jual dalam kegiatan usaha biasa                     completion and the estimated costs to sale.
           dikurangi estimasi biaya penyelesaian dan
           estimasi biaya untuk menjual.

     j.    Aset biologis                                                 j.   Biological assets

           Aset biologis terkait dengan hasil pertanian                       Biological assets relate to agricultural produce
           yang tumbuh pada tanaman produktif yang                            growing on bearer plants which is referred to as
           disebut sebagai Tandan Buah Segar ("TBS")                          Fresh Fruit Bunches (“FFB”) and are stated at
           dan dinyatakan dengan nilai wajar setelah                          fair value less costs to sell. Gains or losses
           dikurangi biaya untuk menjual. Keuntungan                          arising from the changes in fair value less
           atau kerugian yang timbul dari perubahan                           estimated costs to sell of FFB at each reporting
           dalam nilai wajar setelah dikurangi dengan                         date are recognized in profit or loss for the
           taksiran biaya untuk menjual TBS pada setiap                       period in which they arise.
           tanggal pelaporan diakui dalam laba rugi untuk
           periode saat terjadinya.

           Nilai wajar aset biologis diperkirakan dengan                      The fair value of biological assets is estimated
           mengacu       pada    jumlah    panen    yang                      by reference to the projected harvest quantities
           diproyeksikan dan harga pasar TBS pada                             and market price of FFB as at the reporting
           tanggal pelaporan, setelah dikurangi biaya                         date, net of transportation, harvesting costs and
           transportasi, panen dan perkiraan biaya untuk                      estimated cost to sell.
           menjual.




                                                            34
Page 350
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                 STATEMENTS
               Tanggal 31 Desember 2024                                       As of December 31, 2024
              dan untuk tahun yang berakhir                                   and for year then ended
                  pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     k.    Aset tetap dan tanaman produktif                           k.   Fixed assets and bearer plants

           Tanaman produktif                                               Bearer plants

           Tanaman produktif dikelompokkan menjadi                         Bearer plants are classified as immature
           tanaman belum menghasilkan dan tanaman                          plantations and mature plantations.
           menghasilkan.

           Tanaman belum menghasilkan                                      Immature plantations

           Seluruh biaya yang berhubungan dengan                           All costs relating to the development of the oil
           pengembangan perkebunan kelapa sawit milik                      palm plantations for the Company’s own
           Perseroan (perkebunan) termasuk alokasi                         operations (plantations) together with a portion
           biaya tidak langsung, yang meliputi biaya umum                  of indirect overheads, including general and
           dan administrasi untuk pengembangan                             administrative expenses and borrowing costs
           tanaman belum menghasilkan, serta biaya                         incurred in relation to loans used in financing for
           pinjaman sehubungan dengan pinjaman yang                        development of immature plantations are
           digunakan untuk membiayai pengembangan                          capitalized until commercial production is
           perkebunan dikapitalisasi sampai produksi                       achieved. These costs will be transferred to
           komersial telah dicapai. Biaya-biaya tersebut                   mature     plantations      starting    from the
           akan dipindahkan ke tanaman menghasilkan                        commencement of commercial production.
           sejak produksi komersial dimulai.

           Tanaman menghasilkan                                            Mature plantations

           Secara umum, tanaman kelapa sawit                               In general, an palm oil plantation takes about
           memerlukan jangka waktu sekitar 3 sampai 4                      3 to 4 years to reach maturity from the time
           tahun sejak penanaman bibit di area                             seedling is planted into the field. Actual time to
           perkebunan    untuk     menjadi    tanaman                      maturity is dependent upon vegetative growth
           menghasilkan. Jangka waktu untuk menjadi                        and is assessed by management.
           tanaman menghasilkan tergantung pada tingkat
           pertumbuhan    tanaman     dan    penilaian
           manajemen.

           Tanaman menghasilkan dicatat sebesar biaya                      Mature plantations are stated at cost and are
           perolehan dan diamortisasi selama dua puluh                     amortized over the twenty (20) years starting
           (20) tahun terhitung sejak produksi komersial                   from the commencement of commercial
           dimulai.                                                        production.

           Aset tetap                                                      Fixed assets

           Seluruh aset tetap awalnya diakui sebesar                       All fixed assets are initially recognized at cost,
           biaya perolehan, yang terdiri atas harga                        which comprises its purchase price and any
           perolehan dan biaya-biaya tambahan yang                         costs directly attributable in bringing the asset
           dapat diatribusikan langsung untuk membawa                      to the location and condition necessary for it to
           aset ke lokasi dan kondisi yang diinginkan                      be capable of operating in the manner intended
           supaya aset tersebut siap digunakan sesuai                      by management.
           dengan maksud manajemen.

           Setelah pengakuan awal, aset tetap, kecuali                     Subsequent to initial recognition, fixed assets,
           tanah, dinyatakan pada biaya perolehan                          except for land, are carried at cost less any
           dikurangi akumulasi penyusutan dan akumulasi                    subsequent accumulated depreciation and
           rugi penurunan nilai.                                           impairment losses.




                                                            35
Page 351
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2024                                         As of December 31, 2024
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     k.    Aset tetap dan tanaman produktif (lanjutan)                  k.   Fixed assets and bearer plants (continued)

           Aset tetap (lanjutan)                                             Fixed assets (continued)

           Biaya perolehan termasuk biaya penggantian                        Cost includes the cost of replacing part of the
           bagian aset tetap saat biaya tersebut terjadi,                    fixed assets when that cost is incurred, if the
           jika memenuhi kriteria pengakuan. Selanjutnya,                    recognition criteria are met. Likewise, when a
           jika dilakukan penggantian yang signifikan,                       major replacement is performed, its cost is
           biaya penggantian itu diakui ke dalam jumlah                      recognized in the carrying amount of the fixed
           tercatat aset tetap sebagai suatu penggantian                     assets as a replacement if the recognition
           jika memenuhi kriteria pengakuan. Semua                           criteria are satisfied. All other repairs and
           biaya pemeliharaan dan perbaikan yang tidak                       maintenance costs that do not meet the
           memenuhi kriteria pengakuan diakui dalam                          recognition criteria are recognized in the
           laporan laba rugi komprehensif konsolidasian.                     consolidated statement of comprehensive
                                                                             income.

           Tanah dicatat sebesar biaya perolehan dan                         Land is stated at cost and is not depreciated.
           tidak didepresiasi.

           Suatu    kelompok   aset   tetap   adalah                         A class of fixed assets is a grouping of asset of
           pengelompokan aset-aset yang memiliki sifat                       a similar nature and use in an entity’s
           dan kegunaan yang serupa dalam operasi                            operations.
           entitas.

           Penyusutan aset tetap dimulai pada saat aset                      Depreciation of a fixed asset starts when it is
           tersebut siap untuk digunakan sesuai maksud                       available for use and is computed using the
           penggunaannya       dan     dihitung dengan                       straight line method based on the estimated
           menggunakan metode garis lurus berdasarkan                        useful lives and depreciation rate of the assets
           estimasi umur manfaat ekonomi dan tarif                           as follows:
           depresiasi sebagai berikut:
                                             Estimasi umur
                                            manfaat (tahun)/
                                            Estimated useful            Tarif/
                                              lives (years)             Rate

            Bangunan                          10 - 20             5,00% - 10,00%                                   Buildings
            Prasarana                           10                    10,00%                                 Infrastructures
            Kendaraan dan alat berat             5                    20,00%                 Vehicles and heavy equipment
            Mesin dan peralatan                  8                    12,50%                     Machinery and equipment
            Perabotan dan perlengkapan kantor    5                    20,00%                          Furniture and fixtures

           Aset     dalam     penyelesaian   merupakan                       Construction in progress represents the
           akumulasi biaya bahan dan biaya relevan                           accumulated costs of materials and other
           lainnya sampai dengan tanggal dimana aset                         relevant costs up to the date when the asset is
           tersebut telah selesai dan siap untuk                             complete and ready for service. These costs
           digunakan. Biaya-biaya tersebut direklasifikasi                   are reclassified to the respective fixed asset
           ke aset tetap yang bersangkutan ketika aset                       accounts when the asset has been made ready
           tersebut telah siap dipakai.                                      for use.




                                                             36
Page 352
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2024                                         As of December 31, 2024
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     k.    Aset tetap dan tanaman produktif (lanjutan)                  k.   Fixed assets and bearer plants (continued)

           Aset tetap (lanjutan)                                             Fixed assets (continued)

           Aset tetap dihentikan pengakuannya pada saat                      An item of fixed assets is derecognized upon
           dilepaskan atau saat tidak ada manfaat                            disposal or when no future economic benefits
           ekonomis masa depan yang diharapkan dari                          are expected from its use or disposal. Any gain
           penggunaan atau pelepasannya. Keuntungan                          or loss arising on derecognition of the asset
           atau kerugian yang timbul dari penghentian                        (calculated as the difference between the net
           pengakuan aset (dihitung sebagai perbedaan                        disposal proceeds and the carrying amount of
           antara hasil neto pelepasan dan jumlah tercatat                   the asset) is included as profit or loss in the year
           dari aset) dimasukkan dalam laba rugi pada                        the asset is derecognized.
           tahun aset tersebut dihentikan pengakuannya.
           Pada setiap akhir tahun buku, nilai residu, umur                  The asset’s residual values, useful lives and
           manfaat dan metode penyusutan ditelaah                            methods of depreciation are reviewed, and
           kembali, dan jika sesuai dengan keadaan,                          adjusted prospectively if appropriate, at each
           disesuaikan secara prospektif.                                    financial year end.

     l.    Aset tak berwujud                                            l.   Intangible assets
           Aset tak berwujud yang diperoleh secara                           Intangible assets acquired separately are
           terpisah diukur pada awalnya sebesar biaya                        measured initially at cost. Following initial
           perolehan. Setelah akuisisi awal, aset                            acquisition, intangible assets are measured at
           takberwujud diukur sebesar biaya perolehan                        cost less any accumulated amortization and
           dikurangi akumulasi amortisasi dan akumulasi                      accumulated impairment losses.
           penurunan nilai.
           Masa manfaat aset tak berwujud dinilai sebagai                    The useful lives of intangible assets are
           baik terbatas atau tidak terbatas.                                assessed as either finite or indefinite.
           Aset tak berwujud dengan masa manfaat                             Intangible assets with finite useful lives are
           terbatas diamortisasi selama masa manfaat                         amortized over the estimated useful life and
           yang diperkirakan dan dinilai untuk penurunan                     assessed for impairment whenever there is an
           nilai apabila terdapat indikasi bahwa aset tak                    indication that the intangible asset may be
           berwujud mengalami penurunan nilai. Periode                       impaired. The amortization period and the
           amortisasi dan metode amortisasi ditelaah                         amortization method are reviewed at least at
           minimum setiap akhir tahun buku.                                  each financial year-end.
           Aset tak berwujud dengan masa manfaat tak                         Intangible assets with indefinite useful lives are
           terbatas tidak diamortisasi, tetapi diuji untuk                   not amortized, but are tested for impairment
           penurunan nilai setiap tahunnya baik secara                       annually either individually or at the cash
           individu maupun di tingkat unit penghasil kas.                    generating unit level. The assessment of
           Penilaian masa manfaat tak terbatas ditinjau                      indefinite life is reviewed annually to determine
           setiap tahun untuk menentukan apakah                              whether the indefinite life continues to be
           penilaian masa manfaat tak terbatas telah                         supportable. If not, the change in useful life from
           sesuai. Jika tidak, perubahan masa manfaat                        indefinite to finite is made on prospective basis.
           dari tak terbatas menjadi terbatas dibuat secara
           prospektif.

           Amortisasi lisensi perangkat lunak memiliki                       The amortization of software licenses for
           masa manfaat selama 5 tahun didasarkan pada                       5 years useful life to perpetuity are based on
           berbagai perjanjian kontrak pada pembelian                        various contractual agreements on the
           lisensi perangkat lunak tersebut, dan kontrak                     purchases of such software licenses, and their
           pemeliharaan tahunan mereka.                                      annual maintenance contracts.




                                                              37
Page 353
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                        PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                         STATEMENTS
           Tanggal 31 Desember 2024                                               As of December 31, 2024
          dan untuk tahun yang berakhir                                           and for year then ended
              pada tanggal tersebut                                          (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
             kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     m. Biaya pinjaman                                                    m. Borrowing costs
          Biaya pinjaman yang dapat diatribusikan                              Borrowing costs that are directly attributable to
          langsung dengan perolehan, pembangunan,                              the acquisition, construction or production of a
          atau      pembuatan      aset     kualifikasian                      qualifying asset are capitalized as part of the
          dikapitalisasi sebagai bagian biaya perolehan                        cost of the related asset. Otherwise, borrowing
          aset tersebut. Biaya pinjaman lainnya diakui                         costs are recognized as expenses when
          sebagai beban pada saat terjadi. Biaya                               incurred. Borrowing costs consist of interests
          pinjaman terdiri dari biaya bunga dan biaya                          and other financing charges that the Group
          keuangan lain yang ditanggung Kelompok                               incurs in connection with the borrowing of
          Usaha sehubungan dengan peminjaman dana.                             funds.

          Kapitalisasi biaya pinjaman dimulai pada saat                        Capitalization of borrowing costs commences
          aktivitas      yang      diperlukan      untuk                       when the activities to prepare the qualifying
          mempersiapkan aset agar dapat digunakan                              asset for its intended use are in progress and
          sesuai dengan maksudnya sedang terjadi serta                         the expenditures for the qualifying assets and
          pengeluaran untuk aset kualifikasian dan biaya                       the borrowing costs have been incurred.
          pinjaman telah terjadi. Kapitalisasi biaya                           Capitalization of borrowing costs ceases when
          pinjamannya dihentikan pada saat selesainya                          substansially all the activities necessary to
          secara substansi seluruh aktivitas yang                              prepare the qualifying assets are substantially
          diperlukan     untuk    mempersiapkan     aset                       completed for their intended use.
          kualifikasian agar dapat digunakan sesuai
          dengan maksudnya.
     n.   Piutang plasma                                                  n.   Plasma receivables

          Piutang plasma merupakan biaya-biaya yang                            Plasma receivables represent cost to develop
          dikeluarkan untuk pengembangan perkebunan                            plasma area, in which these are temporarily
          plasma yang untuk sementara dibiayai sendiri                         funded by the Group while waiting for
          oleh Kelompok Usaha sementara menunggu                               realization of funding from bank.
          pendanaan dari bank terealisasi.

     o.   Penurunan nilai aset non-keuangan                               o.   Impairment of non-financial assets
          Pada setiap akhir periode pelaporan,                                 The Group assesses at each annual reporting
          Kelompok Usaha menilai apakah terdapat                               period whether there is an indication that an
          indikasi suatu aset mengalami penurunan nilai.                       asset may be impaired. If any such indication
          Jika terdapat indikasi tersebut atau pada saat                       exists, or when annual impairment testing for an
          pengujian tahunan atas penurunan nilai aset                          asset (i.e., an intangible asset with an indefinite
          tertentu (yaitu aset tak berwujud dengan umur                        useful life, an intangible asset not yet available
          manfaat tidak terbatas, aset tak berwujud yang                       for use, or goodwill acquired in a business
          belum dapat digunakan, atau goodwill yang                            combination) is required, the Group makes an
          diperoleh dalam suatu kombinasi bisnis)                              estimate of the asset’s recoverable amount.
          diperlukan, maka Kelompok Usaha membuat
          estimasi atas jumlah terpulihkan aset tersebut.
          Jumlah terpulihkan suatu aset adalah jumlah                          An asset’s recoverable amount is the higher of
          yang lebih tinggi antara nilai wajar dari aset atau                  the asset’s or Cash Generating Unit (“CGU”)’s
          Unit Penghasil Kas (“UPK”) tersebut dikurangi                        fair value less costs to sell and its value in use,
          biaya untuk menjual, dan nilai pakainya, dan                         and is determined for an individual asset, unless
          nilai tersebut ditentukan untuk aset individual,                     the asset does not generate cash inflows that
          kecuali aset tersebut tidak menghasilkan arus                        are largely independent of those from other
          kas masuk yang sebagian besar independen                             assets or groups of assets.
          dari aset lainnya atau kelompok aset lain.




                                                                38
Page 354
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                        PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                         STATEMENTS
           Tanggal 31 Desember 2024                                               As of December 31, 2024
          dan untuk tahun yang berakhir                                           and for year then ended
              pada tanggal tersebut                                          (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
             kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     o.   Penurunan       nilai    aset     non-keuangan                  o.   Impairment        of     non-financial       assets
          (lanjutan)                                                           (continued)

          Jika nilai tercatat aset lebih besar dari nilai                      Where the carrying amount of an asset exceeds
          terpulihkannya, maka aset tersebut dianggap                          its recoverable amount, the asset is considered
          mengalami penurunan nilai dan nilai tercatat                         impaired and is written down to its recoverable
          aset tersebut diturunkan menjadi sebesar nilai                       amount. Impairment losses of continuing
          terpulihkan. Kerugian penurunan nilai dari                           operations, if any, are recognized in profit or
          operasi yang berkelanjutan, jika ada, diakui                         loss in those expense categories consistent
          dalam laba rugi sesuai dengan kategori biaya                         with the function of the impaired asset. In
          yang konsisten dengan fungsi dari aset yang                          assessing the value in use, the estimated net
          diturunkan nilainya. Dalam menghitung nilai                          future cash flows are discounted to their
          pakai, estimasi arus kas masa depan neto                             present value using a pretax discount rate that
          didiskontokan     ke     nilai   kini    dengan                      reflects current market assessments of the time
          menggunakan tingkat diskonto sebelum pajak                           value of money and the risks specific to the
          yang menggambarkan penilaian pasar kini dari                         asset.
          nilai waktu uang dan risiko spesifik atas aset.

          Untuk aset selain goodwill, penilaian dilakukan                      For assets excluding goodwill, an assessment
          pada akhir setiap tanggal pelaporan apakah                           is made at each reporting dates as to whether
          terdapat indikasi bahwa rugi penurunan nilai                         there is any indication that previously
          yang telah diakui dalam periode sebelumnya                           recognized impairment losses may no longer
          mungkin tidak ada lagi atau mungkin telah                            exist or may have decreased. If such indication
          menurun. Jika indikasi dimaksud ditemukan,                           exists, the recoverable amount is estimated. A
          maka entitas mengestimasi jumlah terpulihkan                         previously recognized impairment loss for an
          aset tersebut. Kerugian penurunan nilai yang                         asset other than goodwill is reversed only if
          telah diakui dalam periode sebelumnya untuk                          there has been a change in the assumptions
          aset selain goodwill dibalik hanya jika terdapat                     used to determine the asset’s recoverable
          perubahan asumsi-asumsi yang digunakan                               amount since the last impairment loss was
          untuk menentukan jumlah terpulihkan aset                             recognized. If that is the case, the carrying
          tersebut sejak rugi penurunan nilai terakhir                         amount of the asset is increased to its
          diakui. Dalam hal ini, jumlah tercatat aset                          recoverable amount.
          dinaikkan ke jumlah terpulihkannya.

          Pembalikan tersebut dibatasi sehingga jumlah                         The reversal is limited so that the carrying
          tercatat   aset    tidak   melebihi   jumlah                         amount of the assets does not exceed its
          terpulihkannya maupun jumlah tercatat, neto                          recoverable amount, nor exceed the carrying
          setelah penyusutan, seandainya tidak ada rugi                        amount that would have been determined, net
          penurunan nilai yang telah diakui untuk aset                         of depreciation, had no impairment loss been
          tersebut pada tahun sebelumnya.                                      recognized for the asset in prior year.

          Pembalikan rugi penurunan nilai diakui dalam                         Reversal of an impairment loss is recognized in
          laba rugi. Setelah pembalikan tersebut,                              profit or loss. After such a reversal, the
          penyusutan aset tersebut disesuaikan di                              depreciation charge on the said asset is
          periode mendatang untuk mengalokasikan                               adjusted in future periods to allocate the asset’s
          jumlah tercatat aset yang direvisi, dikurangi nilai                  revised carrying amount, less any residual
          sisanya, dengan dasar yang sistematis selama                         value, on a systematic basis over its remaining
          sisa umur manfaatnya.                                                useful life.

     p.   Sewa                                                            p.   Lease

          Kelompok Usaha menerapkan PSAK No. 116                               The Group has adopted PSAK No. 116, which
          yang mensyaratkan pengakuan liabilitas sewa                          sets the requirement for recognition of lease
          sehubungan dengan sewa yang sebelumnya                               liabilities in relation to leases which had
          diklasifikasikan sebagai 'sewa operasi'.                             previously been classified as 'operating leases'.




                                                                39
Page 355
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                  STATEMENTS
               Tanggal 31 Desember 2024                                        As of December 31, 2024
              dan untuk tahun yang berakhir                                    and for year then ended
                  pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     p.    Sewa (lanjutan)                                             p. Lease (continued)

           Pada tanggal permulaan kontrak, Kelompok                       At the inception of a contract, the Group
           Usaha menilai apakah kontrak merupakan, atau                   assesses whether the contract is, or contains, a
           mengandung, sewa. Suatu kontrak merupakan                      lease. A contract is or contains a lease if the
           atau mengandung sewa jika kontrak tersebut                     contract conveys the right to control the use of an
           memberikan hak untuk          mengendalikan                    identified asset for a period of time in exchange
           penggunaan aset identifikasian selama suatu                    for consideration.
           jangka waktu untuk dipertukarkan dengan
           imbalan.

           Untuk menilai apakah kontrak memberikan hak                    To assess whether a contract conveys the right
           untuk mengendalikan penggunaan aset                            to control the use of an identified asset, the Group
           identifikasian,         Kelompok        Usaha                  considers whether:
           mempertimbangkan apakah:
           - Kelompok Usaha memiliki hak untuk                            -   The Group has the right to obtain
               mendapatkan secara subtansial seluruh                          substantially all the economic benefits from
               manfaat ekonomi dari penggunaan aset                           use of the asset throughout the period of
               identifikasian; dan                                            use; and
           - Kelompok Usaha memiliki hak untuk                            -   The Group has the right to direct the use of
               mengarahkan          penggunaan       aset                     the asset. The Group has this right when it
               identifikasian. Kelompok Usaha memiliki                        has the decision-making rights that are the
               hak ini ketika Kelompok Usaha memiliki hak                     most relevant to changing the determination
               untuk pengambilan keputusan yang relevan                       of how and for what purpose the asset is
               tentang penentuan bagaimana dan untuk                          used and:
               tujuan apa aset digunakan telah ditentukan
               sebelumnya dan:
               1. Kelompok Usaha memiliki hak untuk                           1. The Group has the right to operate the
                    mengoperasikan aset; atau                                    asset; or
               2. Kelompok Usaha telah mendesain aset                         2. The Group has designed the asset in a
                    dengan cara menetapkan sebelumnya                            way that predetermines how and for what
                    bagaimana dan untuk tujuan apa aset                          purpose it will be used.
                    akan digunakan selama periode
                    penggunaan.

           Pada tanggal insepsi atau pada penilaian                      At the inception date or on reassessment of a
           kembali atas kontrak yang mengandung                          contract that contains a lease component, the
           sebuah komponen sewa, Kelompok Usaha                          Group allocates the consideration in the contract
           mengalokasikan imbalan dalam kontrak ke                       to each lease component on the basis of the
           masing-masing komponen sewa berdasarkan                       relative stand-alone prices and the aggregate
           harga tersendiri relatif dari komponen sewa dan               stand-alone price of the non-lease components.
           harga tersendiri agregat dari komponen
           nonsewa.




                                                             40
Page 356
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2024                                            As of December 31, 2024
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.     SUMMARY     OF  MATERIAL      ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     p.    Sewa (lanjutan)                                                p. Lease (continued)

           Pada tanggal permulaan sewa, Kelompok                              The Group recognises a right-of-use asset and a
           Usaha mengakui aset hak-guna dan liabilitas                        lease liability at the lease commencement date.
           sewa. Aset hak guna diukur pada biaya                              The right-of-use asset is initially measured at
           perolehan, dimana meliputi jumlah pengukuran                       cost, which comprises the initial amount of the
           awal liabilitas sewa yang disesuaikan dengan                       lease liability adjusted for any lease payment
           pembayaran sewa yang dilakukan pada atau                           made at or before the commencement date, plus
           sebelum tanggal permulaan, ditambah dengan                         any initial direct cost incurred and an estimate of
           biaya langsung awal yang dikeluarkan dan                           costs to dismantle and remove the underlying
           estimasi biaya yang akan dikeluarkan untuk                         asset or to restore the underlying asset to the
           membongkar dan memindahkan aset pendasar                           condition required by the terms and conditions of
           atau untuk merestorasi aset pendasar ke                            the lease, less any lease incentives received.
           kondisi yang disyaratkan dan ketentuan sewa,
           dikurangi dengan insentif sewa yang diterima.

           Aset hak guna kemudian disusutkan                                  The right-of-use asset is subsequently
           menggunakan metode garis lurus dari tanggal                        depreciated using the straight-line method from
           permulaan hingga tanggal yang lebih awal                           the commencement date to the earlier of the end
           antara akhir umur manfaat aset hak-guna atau                       of the useful life of the right-of-use asset or the
           akhir masa sewa.                                                   end of the lease term.

           Liabilitas sewa diukur pada nilai kini                             The lease liability is initially measured at the
           pembayaran sewa yang belum dibayar pada                            present value of the lease payments that are not
           tanggal permulaan, didiskontokan dengan                            paid at the commencement date, discounted
           menggunakan suku bunga implisit dalam sewa                         using the interest rate implicit in the lease or, if
           atau jika suku bunga tersebut tidak dapat                          that rate cannot be readily determined, using the
           ditentukan, maka menggunakan suku bunga                            incremental borrowing rate. Generally, the Group
           pinjaman inkremental. Pada umumnya,                                uses its incremental borrowing rate as the
           Kelompok Usaha menggunakan suku bunga                              discount rate.
           pinjaman inkremental sebagai tingkat bunga
           diskonto.

           Pembayaran sewa yang termasuk dalam                                Lease payments included in the measurement of
           pengukuran     liabilitas  sewa    meliputi                        the lease liability comprise fixed payments,
           pembayaran tetap, termasuk pembayaran tetap                        including in-substance fixed payments less any
           secara substansi dikurangi dengan piutang                          lease incentive receivable.
           insentif sewa.

           Setiap pembayaran sewa dialokasikan sebagai                        Each lease payment is allocated between finance
           beban keuangan dan pengurangan liabilitas                          charges and reduction of the lease liability so as to
           sehingga menghasilkan tingkat suku bunga                           achieve a constant rate on the finance balance
           yang konstan atas saldo liabilitas yang tersisa.                   outstanding.

            Pembayaran yang terkait dengan sewa guna                          Payments associated with short-term leases and
            usaha jangka pendek dan sewa guna aset                            leases of low-value assets are recognized on a
            bernilai rendah diakui berdasarkan basis garis                    straight-line basis as an expense in the statements
            lurus sebagai beban dalam laporan laba rugi.                      of profit or loss. Short-term leases are leases with
            Sewa jangka pendek adalah sewa dengan                             a lease term up to 12 months.
            jangka waktu sewa hingga 12 bulan.




                                                              41
Page 357
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                        STATEMENTS
           Tanggal 31 Desember 2024                                              As of December 31, 2024
          dan untuk tahun yang berakhir                                          and for year then ended
              pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
             kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.     SUMMARY     OF  MATERIAL      ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)
     q.   Pajak penghasilan badan                                        q.    Corporate income tax

          Pajak Final                                                         Final Tax

          Peraturan perpajakan di Indonesia mengatur                          Tax regulation in Indonesia determined that
          beberapa jenis penghasilan dikenakan pajak                          certain taxable income is subject to final tax.
          yang bersifat final. Pajak final yang dikenakan                     Final tax applied to the gross value of
          atas nilai bruto transaksi tetap dikenakan                          transaction is applied even when the parties
          walaupun atas transaksi tersebut pelaku                             carrying the transaction recognize losses.
          transaksi mengalami kerugian.
          Pajak final tidak termasuk dalam lingkup yang                       Final tax is no longer governed by
          diatur oleh PSAK No. 212. Oleh karena itu,                          PSAK No. 212. Therefore, the Group has
          Kelompok       Usaha     memutuskan     untuk                       decided to present all of the final tax arising
          menyajikan beban pajak final sehubungan                             from land rent revenue and interest income
          dengan penghasilan sewa tanah dan                                   from banks as separate line item.
          pendapatan bunga dari bank sebagai pos
          tersendiri.

          Perbedaan antara nilai tercatat dari aset                           The difference between the carrying amount
          revaluasian dan dasar pengenaan pajak                               of a revalued asset and its tax base is a
          merupakan perbedaan termporer sehingga                              temporary difference and gives rise to a
          menimbulkan liabilitas atau aset pajak                              deferred tax liability or asset, except for
          tangguhan, kecuali untuk aset tertentu seperti                      certain asset such as land, which realization
          tanah yang pada saat realisasinya dikenakan                         is taxed with final tax on gross value of
          pajak final yang dikenakan atas nilai bruto                         transaction.
          transaksi.

          Pajak Kini                                                          Current Tax

          Aset dan liabilitas pajak kini untuk tahun                          Current income tax assets and liabilities for
          berjalan diukur sebesar jumlah yang                                 the current period are measured at the
          diharapkan dapat direstitusi dari atau                              amount expected to be recovered from or
          dibayarkan kepada otoritas perpajakan.                              paid to the taxation authority.

          Beban pajak kini ditentukan berdasarkan laba                        Current tax expense is determined based on
          kena pajak tahun berjalan yang dihitung                             the taxable profit for the year computed using
          berdasarkan tarif pajak yang berlaku.                               the prevailing tax rates.

          Kekurangan/kelebihan pembayaran pajak                               Underpayment/overpayment of income tax is
          penghasilan dicatat sebagai bagian dari                             presented as part of “Tax Expense - Current”
          “Beban Pajak Kini” dalam laporan laba rugi dan                      in the consolidated statements of profit or loss
          penghasilan komprehensif lain konsolidasian.                        and other comprehensive income. The Group
          Kelompok      Usaha       juga     menyajikan                       also presented interest/penalty, if any, as part
          bunga/denda, jika ada, sebagai bagian dari                          of “Tax Expense - Current”.
          “Beban Pajak Kini”.

          Koreksi terhadap liabilitas perpajakan diakui                       Amendments to tax obligations are recorded
          pada saat surat ketetapan pajak diterima atau,                      when a tax assessment letter is received or,
          jika diajukan keberatan, pada saat keputusan                        if appealed against, when the result of the
          atas keberatan ditetapkan.                                          appeal is determined.




                                                            42
Page 358
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2024                                          As of December 31, 2024
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     q.    Pajak penghasilan badan (lanjutan)                           q.   Corporate income tax (continued)

           Pajak Tangguhan                                                   Deferred Tax

           Aset dan liabilitas pajak tangguhan diakui                        Deferred tax assets and liabilities are
           menggunakan         metode    liabilitas  atas                    recognized using the liability method for the
           konsekuensi pajak pada masa mendatang                             future tax consequences attributable to
           yang timbul dari perbedaan jumlah tercatat                        differences between the carrying amounts of
           aset dan liabilitas menurut laporan keuangan                      existing assets and liabilities in the
           konsolidasian dengan dasar pengenaan pajak                        consolidated financial statements and their
           aset dan liabilitas pada setiap tanggal                           respective tax bases at each reporting date.
           pelaporan. Liabilitas pajak tangguhan diakui                      Deferred tax liabilities are recognized for all
           untuk semua perbedaan temporer kena pajak                         taxable temporary differences and deferred
           dan aset pajak tangguhan diakui untuk                             tax assets are recognized for deductible
           perbedaan temporer yang boleh dikurangkan                         temporary differences and accumulated fiscal
           dan akumulasi rugi fiskal, sepanjang besar                        losses to the extent that it is probable that
           kemungkinan perbedaan temporer yang boleh                         taxable profit will be available in future years
           dikurangkan dan akumulasi rugi fiskal tersebut                    against which the deductible temporary
           dapat dimanfaatkan untuk mengurangi laba                          differences and accumulated fiscal losses can
           kena pajak pada masa depan.                                       be utilized.

           Jumlah tercatat aset pajak tangguhan ditelaah                     The carrying amount of a deferred tax asset is
           ulang pada akhir setiap periode pelaporan dan                     reviewed at the end of each reporting period
           diturunkan apabila laba fiskal mungkin tidak                      and reduced to the extent that it is no longer
           memadai untuk mengkompensasi sebagian                             probable that sufficient taxable profit will be
           atau semua manfaat aset pajak tangguhan                           available to allow the benefit of part or all of
           tersebut. Pada akhir setiap periode pelaporan,                    that deferred tax asset to be utilized. At the end
           Kelompok Usaha menilai kembali aset pajak                         of each reporting period, the Group
           tangguhan yang tidak diakui. Kelompok Usaha                       reassesses unrecognized deferred tax assets.
           mengakui aset pajak tangguhan yang                                The Group recognizes a previously
           sebelumnya tidak diakui apabila besar                             unrecognized deferred tax assets to the extent
           kemungkinan bahwa laba fiskal pada masa                           that it has become probable that future taxable
           depan akan tersedia untuk pemulihannya.                           profit will allow the deferred tax assets to be
                                                                             recovered.

           Pajak       tangguhan     dihitung    dengan                      Deferred tax is calculated at the tax rates that
           menggunakan tarif pajak yang berlaku atau                         have been enacted or substantively enacted at
           secara substansial telah berlaku pada tanggal                     the reporting date. Changes in the carrying
           pelaporan. Perubahan nilai tercatat aset dan                      amount of deferred tax assets and liabilities
           liabilitas pajak tangguhan yang disebabkan                        due to a change in tax rates are charged to
           oleh perubahan tarif pajak dibebankan pada                        current period operations, except to the extent
           usaha periode berjalan, kecuali untuk                             that they relate to items previously charged or
           transaksi-transaksi yang sebelumnya telah                         credited to equity.
           langsung dibebankan atau dikreditkan ke
           ekuitas.

           Aset dan liabilitas pajak tangguhan disajikan                     Deferred tax assets and liabilities are offset in
           secara saling hapus dalam laporan posisi                          the consolidated statements of financial
           keuangan konsolidasian, kecuali aset dan                          position, except if they are for different legal
           liabilitas pajak tangguhan untuk entitas yang                     entities, consistent with the presentation of
           berbeda, sesuai dengan penyajian aset dan                         current tax assets and liabilities.
           liabilitas pajak kini.




                                                            43
Page 359
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                    STATEMENTS
           Tanggal 31 Desember 2024                                          As of December 31, 2024
          dan untuk tahun yang berakhir                                      and for year then ended
              pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
             kecuali dinyatakan lain)


2.   IKHTISAR    INFORMASI       KEBIJAKAN                   2.     SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI YANG MATERIAL (lanjutan)                             POLICIES INFORMATION (continued)
     q. Pajak penghasilan badan (lanjutan)                          q. Corporate income tax (continued)
        Pajak Penghasilan Pilar Dua                                      Pillar Two Income Taxes
        Sebagai tanggapan terhadap penerapan                             In response to the implementation of the
        kerangka Pilar Dua Organisasi untuk Kerja                        Organisation for Economic Co-operation and
        Sama      dan     Pembangunan        Ekonomi                     Development (“OECD”) Pillar Two framework,
        (Organisation for Economic Co-operation and                      on December 31, 2024, Indonesian
        Development atau "OECD"), pada tanggal 31                        Government       implemented      Pillar    Two
        Desember 2024, Pemerintah Indonesia                              framework through Ministry of Finance
        menerapkan kerangka Pilar Dua melalui                            Regulation No. 136/2024 (PMK 136/2024).
        Peraturan Menteri Keuangan No. 136/2024                          The Pillar Two model rules as implemented
        (PMK 136/2024). Aturan model Pilar Dua                           under PMK 136/2024 will take effect for fiscal
        sebagaimana      diterapkan   dalam      PMK                     years beginning on or after January 1, 2025.
        136/2024 akan berlaku untuk tahun fiskal yang                    For the year ended December 31, 2024, the
        dimulai pada atau setelah tanggal 1 Januari                      Group has applied amendments to PSAK 212:
        2025. Untuk tahun yang berakhir pada 31                          Income Taxes, which provide mandatory
        Desember 2024, Kelompok Usaha telah                              temporary exception from recognizing or
        menerapkan amandemen PSAK 212: Pajak                             disclosing deferred taxes related to Pillar Two.
        Penghasilan, yang memberikan pengecualian
        wajib sementara dari pengakuan atau
        pengungkapan pajak tangguhan terkait Pilar
        Dua
        Berbagai negara telah memberlakukan atau                         Various countries have enacted or intend to
        bermaksud memberlakukan undang-undang                            enact tax legislation to comply with Pillar Two
        perpajakan untuk mematuhi aturan model Pilar                     model rules, including Indonesia. The Group is
        Dua, termasuk Indonesia. Kelompok Usaha                          within the scope of PMK 136/2024, which did
        berada dalam lingkup PMK 136/2024, yang                          not impact to the 2024 consolidated financial
        tidak berdampak pada laporan keuangan                            statements but may impact the Group’s
        konsolidasian 2024 tetapi mungkin akan                           consolidated financial statements from
        mempengaruhi         laporan      keuangan                       January 1, 2025 onward.
        konsolidasian Kelompok Usaha mulai 1
        Januari 2025 dan seterusnya.
        PMK 136/2024 menerapkan mekanisme                                PMK      136/2024      applies    new     taxing
        perpajakan    baru      yang   mensyaratkan                      mechanisms under which a Multinational
        Perusahaan Multinasional ("PMN") untuk                           Enterprises (“MNE”) would pay a top-up tax in
        membayar pajak tambahan di suatu yurisdiksi                      a jurisdiction whenever the effective tax rate,
        ketika tarif pajak efektif, yang ditentukan                      determined on a jurisdictional basis under the
        berdasarkan yurisdiksi menurut aturan Pilar                      Pillar Two rules is below a 15% minimum rate.
        Dua, lebih rendah dari tarif minimum 15%.                        PMK 136/2024 sets out the mechanics for
        PMK 136/2024 menetapkan mekanisme untuk                          determining which entities in an MNE Group
        menentukan entitas-entitas mana dalam Grup                       should apply the top-up tax and the portion of
        PMN yang harus menerapkan pajak tambahan                         such tax that is charged to each relevant entity.
        tersebut dan porsi pajak yang dibebankan
        kepada setiap entitas terkait.
        Untuk tahun yang berakhir pada tanggal                           For the year ended December 31, 2024, the
        31 Desember 2024, Kelompok Usaha telah                           Group has applied amendment to PSAK 212:
        menerapkan amandemen PSAK 212: Pajak                             Income Taxes, which provides mandatory
        Penghasilan, yang memberikan pengecualian                        temporary exception from recognizing or
        wajib sementara dari pengakuan atau                              disclosing deferred taxes related to Pillar Two
        pengungkapan pajak tangguhan terkait aturan                      rules such that there is no impact to the 2024
        Pilar Dua sehingga tidak ada dampak terhadap                     consolidated financial statements.
        Laporan Keuangan Konsolidasian 2024.



                                                        44
Page 360
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2024                                            As of December 31, 2024
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR    INFORMASI       KEBIJAKAN                         2.      SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI YANG MATERIAL (lanjutan)                                    POLICIES INFORMATION (continued)
     q.     Pajak penghasilan badan (lanjutan)                             q. Corporate income tax (continued)
           Pajak Penghasilan Pilar Dua (lanjutan)                               Pillar Two Income Taxes (continued)
           Dampak masa depan dari aturan Pilar Dua                              The future impact of Pillar Two rules for the
           untuk Kelompok Usaha masih dalam tahap                               Group is still being estimated.
           estimasi.
           Aturan model Pilar Dua adalah kompleks dan                           The Pillar Two model rules are complex and
           Kelompok Usaha sedang dalam proses untuk                             the Group is still in the process of assessing
           mengestimasi dampak potensialnya terhadap                            potential impact to the consolidated financial
           laporan keuangan konsolidasian, jika ada.                            statements, if any. Based on currently
           Berdasarkan informasi yang tersedia saat ini,                        available information, the Group does not
           Kelompok Usaha tidak mengharapkan adanya                             expect any material impact to the consolidated
           dampak material terhadap laporan keuangan                            financial statements.
           konsolidasian.
     r.    Provisi                                                         r.   Provision
           Provisi diakui jika Kelompok Usaha memiliki                          Provisions are recognized when the Group has
           liabilitas kini (baik bersifat hukum maupun                          a present obligation (legal or constructive)
           bersifat konstruktif) yang akibat peristiwa masa                     where, as a result of a past event, it is probable
           lalu besar kemungkinannya penyelesaian                               that an outflow of resources embodying
           liabilitas tersebut mengakibatkan arus keluar                        economic benefits will be required to settle the
           sumber daya yang mengandung manfaat                                  obligation and a reliable estimate can be made
           ekonomi dan estimasi yang andal mengenai                             of the amount of the obligation.
           jumlah liabilitas tersebut dibuat.
           Provisi ditelaah pada setiap akhir periode                           Provisions are reviewed at each reporting date
           pelaporan dan disesuaikan untuk mencerminkan                         and adjusted to reflect the current best estimate.
           estimasi kini terbaik. Jika tidak terdapat                           If it is no longer probable that an outflow of
           kemungkinan arus keluar sumber daya yang                             resources embodying economic benefits will be
           mengandung       manfaat    ekonomi    untuk                         required to settle the obligation, the provision is
           menyelesaikan liabilitas tersebut, provisi                           reversed.
           dibatalkan.
     s.    Liabilitas imbalan kerja karyawan                              s.    Employee benefits liabilities
           Imbalan kerja jangka pendek                                          Short-term employee benefits
           Imbalan kerja jangka pendek adalah imbalan                           Short-term employee benefits are employee
           kerja yang jatuh tempo dalam jangka waktu dua                        benefit which are due for payment within twelve
           belas bulan setelah akhir periode pelaporan dan                      months after the end of reporting period and
           diakui pada saat pekerja telah memberikan jasa                       recognized when the employees have rendered
           kerjanya.                                                            their service.
           Imbalan kerja jangka panjang                                         Long-term employee benefits
           Kelompok usaha mencatat liabilitas imbalan                           The Group recognizes long-term employee
           kerja karyawan jangka panjang untuk                                  benefits liabilities in order to meet and cover the
           memenuhi dan menutup imbalan minimum                                 minimum benefits required to be paid to the
           yang harus dibayar kepada karyawan sesuai                            qualified employees under the Indonesian Law
           dengan Undang-undang No. 6 tahun 2023                                No. 6 year 2023 (“UUCK”) and the Company’s
           (“UUCK”)     dan     Peraturan   Perusahaan                          Requlation (PP)/Collective Labor Agreement
           (PP)/Peraturan Kerja Bersama (PKB). Liabilitas                       (PKB). The liabilities are estimated using
           tersebut diestimasi dengan menggunakan                               actuarial calculations using the “Projected Unit
           perhitungan     aktuarial   dengan   metode                          Credit” method.
           “Projected Unit Credit”.




                                                              45
Page 361
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2024                                            As of December 31, 2024
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)
     s.    Liabilitas imbalan kerja karyawan (lanjutan)                    s. Employee benefits liabilities (continued)
           Imbalan kerja jangka panjang (lanjutan)                            Long-term employee benefits (continued)
            Kelompok Usaha mengakui keseluruhan                                The Group recognizes all actuarial gains and
            keuntungan atau kerugian aktuaria sebagai                          losses as other reserves (other comprehensive
            bagian dari cadangan lainnya (metode                               income method) in the period in which they
            penghasilan komprehensif lain) di dalam                            arise. Past service costs are directly charged to
            periode terjadinya. Biaya jasa lalu diakui                         profit or loss.
            seketika di dalam laba rugi.
           Kelompok Usaha mengakui laba atau rugi dari                         The Group recognizes gains or losses on the
            kurtailmen pada saat kurtailmen terjadi, yaitu                     curtailment when the curtailment occurs, that is
            apabila terdapat komitmen untuk melakukan                          when there is a commitment to make a material
            pengurangan material terhadap jumlah                               reduction in the number of employees covered
            karyawan yang ditanggung oleh suatu program                        by a plan or when there is an amendment of the
            atau apabila terdapat perubahan terhadap                           defined benefit plan terms such that a material
            ketentuan-ketentuan pada suatu program                             element of future services to be provided by
            imbalan pasti, dimana bagian yang material                         current employees will no longer qualify for
            untuk jasa yang diberikan oleh karyawan pada                       benefits or will qualify only for reduced benefits.
            masa depan tidak lagi memberikan suatu                             The gain or loss on settlement recognized when
            imbalan, atau memberikan imbalan yang lebih                        there is a transaction that eliminates all further
            rendah. Laba atau rugi penyelesaian diakui                         legal or constructive obligation for part or all of
            apabila terdapat transaksi yang menghapuskan                       the benefits provided under a defined benefit
            semua kewajiban hukum atau konstruktif atas                        plan. The gain or loss on curtailment comprises
            seluruh imbalan dalam program manfaat pasti.                       any resulting change in present value of the
            Keuntungan atau kerugian kurtailmen terdiri                        obligations and any related actuarial gains and
            dari perubahan yang terjadi dalam nilai kini dari                  losses and past service cost that had not
            liabilitas dan keuntungan atau kerugian                            previously been recognized.
            aktuarial dan biaya jasa lalu yang belum diakui
            sebelumnya.
     t.    Pengakuan Pendapatan dan Beban                                  t. Revenue and Expense Recognition
           Kelompok Usaha menerapkan PSAK No. 115,                            The Group implements PSAK No. 115,
           “Pendapatan dari Kontrak dengan Pelanggan”,                        “Revenue from Contracts with Customers”,
           yang mensyaratkan pengakuan pendapatan                             which requires revenue recognition to fulfill 5
           untuk memenuhi 5 (lima) langkah analisis                           (five) steps of assessments as follows:
           sebagai berikut:
           1. Identifikasi kontrak dengan pelanggan.                           1. Identify contracts with customers.
           2. Identifikasi kewajiban pelaksanaan dalam                         2. Identify the performance obligations in the
                kontrak.        Kewajiban       pelaksanaan                       contract. Performance obligations are
                merupakan janji-janji dalam kontrak untuk                         promises in a contract to transfer to a
                menyerahkan barang atau jasa yang                                 customer goods or services that ate distinct.
                memiliki      karakteristik   berbeda       ke
                pelanggan.
           3. Menetapkan harga transaksi, setelah                              3. Determine the transaction price, net of
                dikurangi diskon, retur, insentif penjualan                       discounts, returns, sales incentives and
                dan pajak pertambahan nilai, yang berhak                          value added tax, which an entity expects to
                diperoleh suatu entitas sebagai kompensasi                        be entitled in exchange for transferring the
                atas diserahkannya barang atau jasa yang                          promised goods or services to a customer.
                dijanjikan di kontrak.
           4. Alokasi harga transaksi ke setiap kewajiban                      4. Allocate the transaction price to each
                pelaksanaan dengan menggunakan dasar                              performance obligation on the basis of the
                harga jual berdiri sendiri relatif dari setiap                    relative standalone selling prices of each
                barang atau jasa berbeda yang dijanjikan di                       distinct goods or services promises in the
                kontrak. Ketika tidak dapat diamati secara                        contract. Where these are not directly
                langsung, harga jual berdiri sendiri relatif                      observable, the relative standalone selling
                diperkirakan berdasarkan biaya yang                               price are estimated based on expected cost
                diharapkan ditambah marjin.                                       plus margin.
                                                                 46
Page 362
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                  STATEMENTS
               Tanggal 31 Desember 2024                                        As of December 31, 2024
              dan untuk tahun yang berakhir                                    and for year then ended
                  pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR     INFORMASI       KEBIJAKAN                       2.   SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI YANG MATERIAL (lanjutan)                                POLICIES INFORMATION (continued)

     t.     Pengakuan      Pendapatan       dan     Beban               t.   Revenue     and        Expense       Recognition
            (lanjutan)                                                       (continued)

           Kelompok Usaha menerapkan PSAK No. 115,                           The Group has adopted PSAK No. 115,
           “Pendapatan dari Kontrak dengan Pelanggan”,                       “Revenue from Contracts with Customers”,
           yang mensyaratkan pengakuan pendapatan                            which requires revenue recognition to fulfill 5
           untuk memenuhi 5 (lima) langkah analisis                          (five) steps of assessments as follows:
           sebagai berikut: (lanjutan)                                       (continued)

           5. Pengakuan pendapatan ketika kewajiban                          5. Recognise revenue when performance
              pelaksanaan telah dipenuhi dengan                                 obligation is satisfied by transferring a
              menyerahkan barang atau jasa yang                                 promised goods or services to a customer
              dijanjikan ke pelanggan (ketika pelanggan                         (which is when the customer obtains
              telah memiliki kendali atas barang atau jasa                      control of that goods or services).
              tersebut).

           Untuk     penjualan       barang,    kewajiban                    For sale of goods, performance obligation is
           pelaksanaan       umumnya     terpenuhi,   dan                    typically satisfied, and revenue is recognized,
           pendapatan diakui, pada saat pengendalian                         when the control of goods has been
           atas barang telah berpindah kepada pelanggan                      transferred to the customer (a point in time).
           (pada suatu titik waktu).

           Beban                                                             Expenses

           Beban diakui pada saat terjadinya (dasar                          Expenses are recognized when they are
           akrual).                                                          incurred (accrual basis).

     u.    Transaksi dengan pihak berelasi                              u.   Transaction with related parties

           Pihak berelasi didefinisikan sebagai berikut:                     A related party is defined as follows:
           a) Orang atau anggota keluarga terdekat                           a) A person or a close member of the person’s
              mempunyai relasi dengan Kelompok Usaha                            family is related to the Group if that person:
              jika orang tersebut:
              i. memiliki pengendalian atau pengendalian                        i.   has control or joint control over the
                   bersama Perseroan;                                                Company;
              ii. memiliki pengaruh signifikan atas                             ii. has significant influence over the
                   Perseroan; atau                                                   Company; or
              iii. personil manajemen kunci Perseroan atau                      iii. is a member of the key management
                   entitas induk Perseroan.                                          personnel of the Company or of a parent
                                                                                     of the Company.
           b) Suatu entitas berelasi dengan Perseroan                        b) An entity is related to a reporting entity if any
              jika memenuhi salah satu hal berikut:                              of the following conditions applies:

               i.   Entitas dan Perseroan adalah anggota                       i.    The entity and the Company are
                    dari Kelompok Usaha yang sama                                    members of the same group (which
                    (artinya entitas induk, entitas anak,                            means that each parent, subsidiary and
                    dan entitas anak berikutnya terkait                              fellow subsidiary is related to the others).
                    dengan entitas lain).




                                                             47
Page 363
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                        STATEMENTS
               Tanggal 31 Desember 2024                                              As of December 31, 2024
              dan untuk tahun yang berakhir                                          and for year then ended
                  pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR     INFORMASI       KEBIJAKAN                            2.        SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     u.     Transaksi dengan pihak berelasi (lanjutan)                           u. Transaction with related parties (continued)

            b) Suatu entitas berelasi dengan Perseroan                             b) An entity is related to a reporting entity if any
               jika memenuhi salah satu hal berikut:                                  of the following conditions applies:
               (lanjutan)                                                             (continued)

              ii. Satu entitas adalah entitas asosiasi atau                          ii. One entity is an associate or joint venture of
                   ventura bersama dari entitas lain (atau                               the other entity (or an associate or joint
                   entitas asosiasi atau ventura bersama                                 venture of a member of a group of which
                   yang merupakan            anggota suatu                               the other entity is a member).
                   Kelompok Usaha, yang mana entitas
                   lain tersebut adalah anggotanya).
              iii. Kedua entitas tersebut adalah ventura                             iii. Both entities are joint venture of the same
                   bersama dari pihak ketiga yang sama.                                   third party.
              iv. Satu entitas adalah ventura bersama dari                           iv. One entity is a joint venture of a third entity
                   entitas ketiga dan entitas yang lain adalah                            and the other entity is an associate of the
                   entitas asosiasi dari entitas ketiga.                                  third entity.
              v. Entitas tersebut adalah suatu program                               v. The entity is a post-employment benefit
                   imbalan pascakerja untuk imbalan kerja                                 plan for the benefit of employees of either
                   dari salah satu entitas pelapor atau entitas                           the reporting entity or an entity related to
                   yang terkait dengan entitas pelapor. Jika                              the reporting entity. If the reporting entity is
                   entitas pelapor adalah entitas yang                                    itself such a plan, the sponsoring
                   menyelenggarakan program tersebut,                                     employers are also related to the reporting
                   maka entitas sponsor juga berelasi                                     entity.
                   dengan entitas pelapor.
              vi. Entitas       yang     dikendalikan      atau                      vi. The entity is controlled or jointly controlled
                   dikendalikan bersama oleh orang yang                                  by a person identified in (a).
                   diidentifikasikan dalam huruf (a).
              vii. Orang yang diidentifikasi dalam huruf (a)                         vii. A person identified in (a) (i) has significant
                   (i) memiliki pengaruh signifikan atas                                  influence over the entity or is a member of
                   entitas atau personil manajemen kunci                                  the key management personnel of the
                   entitas (atau entitas induk dari entitas).                             entity (or of a parent of the entity).

           Seluruh transaksi yang dilakukan dengan pihak                          All material transactions and balances with
           berelasi telah diungkapkan dalam Catatan 33.                           related parties are disclosed in Note 33.

           Transaksi    ini  dilakukan     berdasarkan                            The transactions are made based on terms
           persyaratan yang disetujui oleh kedua belah                            agreed by the parties.
           pihak.

     v.    Laba per saham                                                   v.    Earnings per share
           Laba per saham dihitung dengan membagi laba                            Earnings per share is computed by dividing
           tahun berjalan yang dapat diatribusikan kepada                         income for the year attributable to the equity
           pemilik entitas induk dengan rata-rata                                 holders of the parent entity the weighted average
           tertimbang jumlah saham yang beredar untuk                             number of issued and fully paid shares during the
           tahun yang bersangkutan. Rata-rata tertimbang                          year. The weighted average number shares
           jumlah saham yang beredar untuk tahun yang                             outstanding for the years ended December 31,
           berakhir pada tanggal 31 Desember 2024,                                2024, 2023, and 2022 are 9,525,000,000 shares.
           2023, dan 2022 berjumlah 9.525.000.000
           lembar saham.




                                                                  48
Page 364
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2024                                         As of December 31, 2024
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR     INFORMASI       KEBIJAKAN                        2.   SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI YANG MATERIAL (lanjutan)                                 POLICIES INFORMATION (continued)

     v.     Laba per saham (lanjutan)                                   v.    Earnings per share (continued)
           Perseroan tidak mempunyai saham biasa yang                        The Company has no outstanding dilutive
           berpotensi untuk bersifat dilutif pada tanggal                    potential ordinary shares as of December 31,
           31 Desember 2024, 2023 dan 2022, dan oleh                         2024, 2023, and 2022, and accordingly, no
           karenanya, laba per saham dilusian tidak                          diluted earnings per share is calculated and
           dihitung dan disajikan pada laporan laba rugi                     presented in the consolidated statement of profit
           dan komprehensif konsolidasian.                                   or loss and other comprehensive income.
     w. Dividen                                                         w. Dividend
           Pembagian dividen kepada para pemegang                            Dividend distribution to the Company’s
           saham Perseroan diakui sebagai liabilitas                         shareholders are recognized as a liability in the
           dalam laporan keuangan konsolidasian pada                         consolidated financial statements in which the
           saat dividen tersebut disetujui oleh para                         dividends are approved by the Company’s
           pemegang saham Perseroan.                                         shareholders.
           Pembagian dividen kepada pemegang saham                           Dividend distributions to the Company’s
           Perseroan     diakui  sebagai  kewajiban                          shareholders are recognized as a liability based
           berdasarkan keputusan Direksi dengan                              on decision of Directors with the approval from
           persetujuan Dewan Komisaris.                                      the Board of Commissioners.
     x.    Biaya penerbitan emisi saham                                 x.   Share issuance costs

           Biaya emisi saham disajikan sebagai                               Share issuance costs are presented as a
           pengurang tambahan modal disetor sebagai                          deduction from the additional paid-in capital in
           bagian dari ekuitas pada laporan posisi                           the equity section in the consolidated
           keuangan konsolidasian.                                           statements of financial position.
     y.    Segmen operasi                                               y.   Operating segment
           Segmen operasi adalah suatu komponen dari                         An operating segment is a component of an
           entitas:                                                          entity:
           (a) yang terlibat dalam aktivitas bisnis yang                     (a) that engages in business activities from
               mana memperoleh pendapatan dan                                    which it may earn revenues and incur
               menimbulkan         beban       (termasuk                         expenses (including revenues and
               pendapatan dan beban terkait dengan                               expenses related to transactions with other
               transaksi dengan komponen lain dari                               components of the same entity);
               entitas yang sama);
           (b) hasil operasinya dikaji ulang secara reguler                  (b) whose operating results are regularly
               oleh pengambil keputusan operasional                              reviewed by the entity’s chief operating
               untuk membuat keputusan tentang sumber                            decision maker to make decisions about
               daya yang dialokasikan pada segmen                                resources to be allocated to the segment
               tersebut dan menilai kinerjanya, dan;                             and assess its performance, and;

           (c) tersedia informasi keuangan yang dapat                        (c) for which discrete financial information is
               dipisahkan.                                                       available.




                                                              49
Page 365
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                   STATEMENTS
           Tanggal 31 Desember 2024                                         As of December 31, 2024
          dan untuk tahun yang berakhir                                     and for year then ended
              pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
             kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.     SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     y. Segmen operasi (lanjutan)                                   y.    Operating segment (continued)

        Segmen operasi dapat terlibat dalam aktivitas                    An operating segment may engage in business
        bisnis yang belum menghasilkan pendapatan,                       activities for which it has yet to earn revenues,
        misalnya operasi permulaan dapat menjadi                         for example, start-up operating may be
        segmen operasi sebelum memperoleh                                operating segments before earning revenues.
        pendapatan.

     z. Investasi pada entitas asosiasi                             z.   Investments in associated entities

        Entitas asosiasi adalah seluruh Perseroan di                     Associated entities are all entities which the
        mana Kelompok Usaha memiliki pengaruh                            Group has significant influence but not control,
        signifikan namun bukan pengendali, biasanya                      generally accompanying a direct or indirect
        melalui kepemilikan hak suara, baik secara                       shareholding more than 20% of the voting
        langsung maupun tidak langsung, lebih dari                       rights. Investments in associated entities are
        20% hak suara. Investasi pada entitas asosiasi                   accounted for using the equity method of
        dicatat dengan metode ekuitas dan pada                           accounting and are initially recognized at cost.
        awalnya diakui sebesar harga perolehan.                          The Group’s investments in associates includes
        Investasi Kelompok Usaha pada entitas                            goodwill identified on acquisition, net of
        asosiasi tersebut termasuk Goodwill yang                         impairment loss.
        diidentifikasi ketika akuisisi, dikurangi rugi
        penurunan nilai.

        Bagian Kelompok Usaha atas laba atau rugi                        The Group’s share of their associates post-
        entitas asosiasi pasca-akuisisi, diakui dalam                    acquisition profits or losses is recognized in the
        laporan    laba      rugi     dan   penghasilan                  consolidated statement of profit or loss and
        komprehensif lain konsolidasian. Bagian atas                     other comprehensive income and their share of
        mutasi penghasilan komprehensif lain pasca-                      post-acquisition      movement        in     other
        akuisisi,    diakui      didalam    penghasilan                  comprehensive income is recognized as other
        komprehensif      lain. Mutasi penghasilan                       comprehensive income. The cumulative post-
        komprehensif lain pasca-akuisisi disesuaikan                     acquisition movements are adjusted against the
        terhadap nilai tercatat investasinya. Jika bagian                carrying amount of the investment. When the
        Kelompok Usaha atas kerugian entitas asosiasi                    Group’s share of losses in an associate exceed
        sama dengan atau melebihi kepentingannya                         its interest in the associates, the investment is
        pada entitas asosiasi, maka investasi                            reported at zero value.
        dilaporkan nihil.

        Keuntungan dan kerugian dilusi yang timbul                       Dilution gains and losses arising on investments
        dari investasi pada entitas asosiasi diakui                      in associates are recognized in the consolidated
        dalam laporan laba rugi dan penghasilan                          statement of profit or loss and other
        komprehensif lain konsolidasian.                                 comprehensive income.

        Keuntungan yang belum direalisasi atas                           Unrealized gains on transactions between the
        transaksi antara Kelompok Usaha dengan                           Group and their associates are eliminated to the
        entitas asosiasinya dieliminasi sebesar                          extent of the Group’s interest in the associates.
        kepentingan Kelompok Usaha pada entitas                          Unrealized losses, if any, are also eliminated
        asosiasi. Kerugian yang belum direalisasi, jika                  unless the transaction provides evidence of an
        ada, juga dieliminasi kecuali terjadi penurunan                  impairment of the asset transferred.
        nilai atas aset yang dialihkan.




                                                            50
Page 366
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                    STATEMENTS
           Tanggal 31 Desember 2024                                          As of December 31, 2024
          dan untuk tahun yang berakhir                                      and for year then ended
              pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
             kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI            DAN     ASUMSI           3.   SIGNIFICANT  ACCOUNTING   JUDGMENTS,
     YANG SIGNIFIKAN                                                 ESTIMATES AND ASSUMPTIONS

     Penyusunan laporan keuangan konsolidasian                       The preparation of the consolidated financial
     berdasarkan Standar Akuntansi Keuangan di                       statements in conformity with Indonesian Financial
     Indonesia mewajibkan manajemen untuk membuat                    Accounting Standards requires management to
     estimasi dan asumsi yang mempengaruhi jumlah-                   make estimations and assumptions that affect
     jumlah yang dilaporkan dalam laporan keuangan                   amounts reported therein. Due to the inherent
     konsolidasian. Sehubungan dengan adanya                         uncertainty in making estimates, actual results
     ketidakpastian yang melekat dalam membuat                       reported in future periods might differ from those
     estimasi, hasil sebenarnya yang dilaporkan di masa              estimates.
     mendatang dapat berbeda dengan jumlah estimasi
     yang dibuat.

     Pertimbangan                                                    Judgments
     Pertimbangan berikut ini dibuat oleh manajemen                  The following judgments are made by management
     dalam rangka penerapan kebijakan akuntansi                      in the process of applying the Group’s accounting
     Kelompok Usaha yang memiliki pengaruh paling                    policies that have the most significant effects on the
     signifikan atas jumlah yang diakui dalam laporan                amounts recognized in the consolidated financial
     keuangan konsolidasian:                                         statements:

     Sewa                                                            Lease

     Kelompok Usaha mempunyai perjanjian-perjanjian                  The Group has entered into lease agreements
     sewa dimana Kelompok Usaha bertindak sebagai                    where the Group acts as a lessee for a certain fixed
     lessee untuk beberapa aset tetap tertentu.                      assets. The Group evaluates whether there are
     Kelompok Usaha mengevaluasi apakah terdapat                     significant risks and rewards of assets transferred
     risiko dan manfaat yang signifikan dari aset sewa               under PSAK No. 116, "Leases", which requires the
     yang dialihkan berdasarkan PSAK No. 116, “Sewa”,                Group to make judgments and estimates of the
     yang mensyaratkan Kelompok Usaha untuk                          transfer of risks and rewards incidental to
     membuat pertimbangan dan estimasi dari                          ownership.
     pengalihan risiko dan manfaat terkait dengan
     kepemilikan aset.

     Kelompok Usaha mengadakan perjanjian sewa                       The Group entered into a lease of certain vehicles
     kendaraan dan alat berat tertentu. Kelompok Usaha               and heavy equipment. The Group had determined,
     telah menentukan, berdasarkan evaluasi atas syarat              based on an evaluation of the terms and conditions
     dan ketentuan dalam perjanjian, bahwa secara                    of the agreement, that substantially all the risks and
     substansial seluruh risiko dan manfaat yang terkait             rewards incidental to ownership of these leased
     dengan kepemilikan aset yang disewa dialihkan                   assets are transferred to the Group, therefore the
     kepada Kelompok Usaha sehingga perjanjian sewa                  lease agreement are recognized as a finance lease.
     tersebut diakui sebagai sewa pembiayaan.                        Further details are disclosed in Note 12.
     Penjelasan lebih lanjut diungkapkan dalam
     Catatan 12.

     Tagihan dan keberatan atas hasil pemeriksaan                    Claims for tax refund and tax assessments under
     Pajak                                                           appeal

     Berdasarkan peraturan perpajakan yang berlaku                   Based on 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 Otoritas Pajak.                 by the Tax Authorities. Further details are disclosed
     Penjelasan lebih rinci diungkapkan dalam                        in Note 19.
     Catatan 19.




                                                           51
Page 367
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                     STATEMENTS
            Tanggal 31 Desember 2024                                           As of December 31, 2024
           dan untuk tahun yang berakhir                                       and for year then ended
               pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI              DAN     ASUMSI           3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG SIGNIFIKAN (lanjutan)                                        ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan asumsi                                               Estimates and assumptions

     Asumsi utama masa depan dan sumber utama                          The key assumptions concerning the future and
     estimasi ketidakpastian lain pada akhir periode                   other key sources of estimation uncertainty at the
     pelaporan yang memiliki risiko signifikan bagi                    reporting date that have a significant risk of causing
     penyesuaian yang material terhadap nilai tercatat                 a material adjustment to the carrying amounts of
     aset dan liabilitas untuk tahun finansial berikutnya,             assets and liabilities within the next financial year
     diungkapkan di bawah ini. Kelompok Usaha                          are disclosed below. The Group based its
     mendasarkan asumsi dan estimasi pada parameter                    assumptions and estimates on parameters available
     yang tersedia pada saat laporan keuangan                          when the consolidated financial statements were
     konsolidasian disusun. Asumsi dan situasi                         prepared. Existing assumptions and circumstances
     mengenai perkembangan masa depan mungkin                          about future developments, may change due to
     berubah akibat perubahan pasar atau situasi di luar               market changes or circumstances arising beyond
     kendali Kelompok Usaha. Perubahan tersebut                        the control of the Group. That changes are reflected
     dicerminkan dalam asumsi terkait pada saat                        in the assumptions as it occur.
     terjadinya.
     Amortisasi tanaman menghasilkan                                   Amortization of mature plantation

     Biaya     perolehan   tanaman    menghasilkan                     The costs of mature plantation are amortized on a
     diamortisasi dengan menggunakan metode garis                      straight-line basis over their estimated useful lives.
     lurus berdasarkan taksiran masa manfaat                           Management properly estimates the useful lives of
     ekonomisnya. Manajemen mengestimasi masa                          these mature plantation to be 20 years. These are
     manfaat ekonomis tanaman menghasilkan selama                      common life expectancies adopted in the industries
     20 tahun, yang merupakan masa manfaat ekonomis                    where the Group conducts its business. Further
     yang secara umum diharapkan dalam industri di                     details are disclosed in Note 11a.
     mana Kelompok Usaha menjalankan usahanya.
     Penjelasan lebih rinci diungkapkan dalam
     Catatan 11a.

     Penyusutan aset tetap dan aset tak berwujud                       Depreciation of fixed assets and intangible assets

     Biaya perolehan aset tetap disusutkan dengan                      The costs of fixed assets are depreciated on a
     menggunakan metode garis lurus berdasarkan                        straight-line basis over their estimated useful lives.
     taksiran masa manfaat ekonomisnya. Manajemen                      Management properly estimates the useful lives of
     mengestimasi masa manfaat ekonomis aset tetap                     these fixed assets to be within 5 to 20 years. These
     antara 5 sampai dengan 20 tahun, yang merupakan                   are common life expectancies adopted in the
     masa manfaat ekonomis yang secara umum                            industries where the Group conducts its businesses.
     diharapkan dalam industri di mana Kelompok Usaha                  Changes in the expected level of usage and
     menjalankan usahanya. Perubahan pemakaian dan                     technological development could impact the
     perkembangan teknologi dapat mempengaruhi                         economic useful lives and the residual values of
     masa manfaat ekonomis dan nilai sisa aset, dan                    these assets, and therefore future depreciation
     karenanya beban penyusutan masa depan mungkin                     charges could be revised. Further details are
     direvisi. Penjelasan lebih rinci diungkapkan dalam                disclosed in Notes 11b and 13.
     Catatan 11b dan 13.




                                                             52
Page 368
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                     STATEMENTS
            Tanggal 31 Desember 2024                                           As of December 31, 2024
           dan untuk tahun yang berakhir                                       and for year then ended
               pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI              DAN     ASUMSI           3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG SIGNIFIKAN (lanjutan)                                        ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan asumsi (lanjutan)                                    Estimates and assumptions (continued)

     Imbalan kerja karyawan                                            Employee benefits

     Pengukuran liabilitas imbalan kerja Kelompok                      The measurement of the Group’s employee benefits
     Usaha bergantung pada pemilihan asumsi yang                       liability is dependent on its selection of certain
     digunakan oleh aktuaris independen dalam                          assumptions used by the independent actuaries in
     menghitung jumlah-jumlah tersebut. Asumsi                         calculating such amounts. Those assumptions
     tersebut termasuk antara lain, tingkat diskonto,                  include among others, discount rates, future annual
     tingkat kenaikan gaji tahunan, tingkat pengunduran                salary increase, annual employee turn-over rate,
     diri karyawan tahunan, tingkat kecacatan, umur                    disability rate, retirement age and mortality rate.
     pensiun dan tingkat kematian. Keuntungan atau                     Actuarial gains or losses arising from experience
     kerugian aktuarial yang timbul dari penyesuaian dan               adjustments and changes in actuarial assumptions
     perubahan dalam asumsi-asumsi aktuarial diakui                    are recognized immediately in the consolidated
     secara langsung pada laporan posisi keuangan                      statement of financial position with a corresponding
     konsolidasian dengan debit atau kredit ke saldo laba              debit or credit to retained earnings through OCI the
     melalui PKL dalam periode terjadinya.                             the period in which they occur.
     Sementara Kelompok Usaha berkeyakinan bahwa                       While the Group believes that its assumptions are
     asumsi tersebut adalah wajar dan sesuai,                          reasonable and appropriate, significant differences
     perbedaan signifikan pada hasil aktual atau                       in the Group’s actual experiences or significant
     perubahan signifikan dalam asumsi yang ditetapkan                 changes in the Group’s assumptions may materially
     Kelompok Usaha dapat mempengaruhi secara                          affect its estimated liabilities for pension and
     material liabilitas diestimasi atas pensiun dan                   employee benefits and net employee benefits
     imbalan kerja dan beban imbalan kerja neto.                       expense.

     Nilai tercatat neto liabilitas imbalan kerja Kelompok             The net carrying amount of the Group’s employee
     Usaha pada tanggal 31 Desember 2024 dan                           benefits liability as of December 31, 2024 and
     Penjelasan lebih rinci atas imbalan kerja                         further details on employee benefits are disclosed in
     diungkapkan dalam Catatan 24.                                     Note 24.
     Pajak penghasilan badan                                           Corporate income tax
     Pertimbangan       signifikan  dilakukan   dalam                  Significant judgement is involved in determining
     menentukan provisi atas pajak penghasilan badan.                  provision for corporate income tax. There are certain
     Terdapat transaksi dan perhitungan tertentu yang                  transactions and computation for which the ultimate
     penentuan pajak akhirnya adalah tidak pasti                       tax determination is uncertain during the ordinary
     sepanjang kegiatan usaha normal. Kelompok Usaha                   course of business. The Group recognizes liabilities
     mengakui liabilitas atas pajak penghasilan badan                  for expected corporate income tax issues based on
     berdasarkan estimasi apakah akan terdapat                         estimates of whether additional corporate income
     tambahan pajak penghasilan badan. Penjelasan                      tax will be due. Further details are disclosed in Note
     lebih rinci diungkapkan dalam Catatan 19h.                        19h.




                                                             53
Page 369
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                     STATEMENTS
            Tanggal 31 Desember 2024                                           As of December 31, 2024
           dan untuk tahun yang berakhir                                       and for year then ended
               pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI              DAN     ASUMSI           3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG SIGNIFIKAN (lanjutan)                                        ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan asumsi (lanjutan)                                    Estimates and assumptions (continued)

     Ketidakpastian eksposur pajak                                     Uncertain tax exposure
     Dalam keadaan tertentu, Kelompok Usaha mungkin                    In certain circumstances, the Group may not be able
     tidak dapat menentukan jumlah yang tepat atas                     to determine the exact amount of its current or future
     kewajiban pajak sekarang atau akan datang karena                  tax liabilities due to ongoing investigations by the
     investigasi yang masih berlangsung oleh otoritas                  taxation authority. Uncertainties exist with respect to
     perpajakan. Ketidakpastian terjadi karena adanya                  the interpretation of complex tax regulations and the
     interpretasi atas peraturan pajak yang kompleks,                  amount and timing of future taxable income.
     saat pengenaan dan jumlah pendapatan kena pajak
     yang akan datang.

     Dalam menentukan jumlah yang diakui atas                          In determining the amount to be recognized in
     ketidakpastian kewajiban pajak, Kelompok Usaha                    respect of an uncertain tax liability, the Group
     menerapkan pertimbangan yang sama seperti                         applies similar considerations as it would use in
     dalam menentukan provisi yang diakui sesuai                       determining the amount of a provision to be
     dengan PSAK No. 237, “Provisi, Liabilitas                         recognized in accordance with PSAK No. 237,
     Kontinjensi dan Aset Kontinjensi” dan ISAK No. 123,               “Provisions, Contingent Liabilities and Contingent
     “Ketidakpastian     dalam      Perlakuan     Pajak                Assets” and ISAK No. 123, “Uncertainty over
     Penghasilan”. Kelompok Usaha membuat analisa                      Income Tax Treatments”. The Group makes an
     atas semua posisi pajak yang berhubungan dengan                   analysis of all tax positions related to income taxes
     pajak pendapatan untuk menentukan diakui atau                     to determine whether a tax liability on unrecognized
     tidaknya kewajiban pajak atau manfaat pajak yang                  tax benefit should be recognized.
     belum diakui.
     Penyisihan atas penurunan nilai piutang                           Allowance for impairment of accounts receivable

     Kelompok Usaha menetapkan estimasi penyisihan                     The Group estimates impairment allowance for
     penurunan nilai piutang usaha menggunakan                         trade receivables using simplified approach of
     pendekatan yang disederhanakan dari Kerugian                      Expected Credit Loss (ECL). A provision matrix is
     Kredit Ekspektasian (KKE). Matriks provisi                        used to determine ECL for trade and other
     digunakan untuk menghitung KKE untuk piutang                      receivables, where the provision rates are based on
     usaha dan lain-lain. Tarif provisi didasarkan pada                days past due for groupings of various customer
     hari tunggakan untuk pengelompokan berbagai                       segments that have similar loss patterns.
     segmen pelanggan yang memiliki pola kerugian
     serupa.

     Matriks provisi awalnya didasarkan pada riwayat                   The provision matrix is initially based on the
     tingkat kerugian pelanggan. Kelompok Usaha akan                   customers historical observed loss rates. The Group
     melakukan penyesuaian pengalaman kerugian                         will adjust the historical observed loss experience
     historis dengan informasi berwawasan ke depan.                    with forward-looking information. For instance, if
     Misalnya, jika prakiraan kondisi ekonomi yang terkait             forecast economic conditions closely related to the
     erat dengan riwayat tingkat kerugian diperkirakan                 historical observed loss are expected to deteriorate
     akan memburuk pada tahun berikutnya yang dapat                    over the next year which can lead to an increased
     menyebabkan peningkatan jumlah gagal bayar pada                   number of defaults in the sectors where customers
     sektor-sektor pelanggan beroperasi, riwayat tingkat               are operating, the historical losses are adjusted
     kerugian disesuaikan. Pada setiap tanggal                         accordingly. At every reporting date, the historical
     pelaporan, riwayat tingkat gagal bayar yang diamati               observed loss rates are updated and changes in the
     diperbarui dan perubahan dalam estimasi                           forward-looking estimates are analyzed.
     berwawasan ke depan dianalisis.




                                                             54
Page 370
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                    STATEMENTS
            Tanggal 31 Desember 2024                                          As of December 31, 2024
           dan untuk tahun yang berakhir                                      and for year then ended
               pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI             DAN     ASUMSI           3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG SIGNIFIKAN (lanjutan)                                       ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan asumsi (lanjutan)                                   Estimates and assumptions (continued)

     Penyisihan atas penurunan nilai piutang (lanjutan)               Allowance for impairment of accounts receivable
                                                                      (continued)

     Evaluasi atas korelasi antara tingkat gagal bayar                The assessment of the correlation between
     yang diamati secara historis, prakiraan kondisi                  historical observed loss rates, forecast economic
     ekonomi dan KKE, adalah estmasi signifikan.                      conditions and ECLs, is a significant estimate. The
     Jumlah KKE sensitif terhadap perubahan keadaan                   amount of ECLs is sensitive to changes in
     dan prakiraan kondisi ekonomi. Kerugian kredit                   circumstances and of forecast economic conditions.
     historis Kelompok Usaha dan perkiraan kondisi                    The Group’s historical observed loss rate and
     ekonomi mungkin tidak mewakili tingkat gagal bayar               forecast of economic conditions may not be
     pelanggan aktual di masa depan.                                  representative of customer’s actual default in the
                                                                      future.

     Penyisihan atas penurunan nilai piutang plasma                   Allowance for impairment of plasma receivables

     Seperti diungkapkan dalam Catatan 2n, piutang                    As discussed in Note 2n, plasma receivables
     plasma merupakan biaya-biaya yang dikeluarkan                    represents disbursements made for the costs to
     untuk pengembangan perkebunan plasma.                            develop plasma plantations.

     Kelompok Usaha menetapkan estimasi penyisihan                    The Group estimates allowance for impairment of
     penurunan      nilai piutang plasma   dengan                     plasma receivables using general approach of ECL
     menggunakan pendekatan umum KKE karena                           as these receivables contain significant financing
     piutang ini mengandung komponen pembiayaan                       component.
     yang signifikan.

     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. Kelompok Usaha menetapkan                     on the 12-months’ ECL. The Group primarily
     piutang dari masing-masing proyek plasma                         determined a receivable from individual plasma
     mengalami peningkatan risiko kredit yang signifikan              project has significant increase in credit risk when
     ketika biaya pengembangan aktual per hektar                      the actual development cost per hectare is
     melebihi biaya pengembangan per hektar yang                      exceeding the agreed development cost per hectare
     disepakati dalam perjanjian kredit antara koperasi               as stated in the credit agreement between the
     dan kreditur. Pada titik ini, Kelompok Usaha                     cooperatives and the creditor. At this point, the
     menetapkan estimasi kerugian penurunan nilai                     Group estimates the impairment loss using lifetime
     menggunakan KKE sepanjang umurnya.                               ECLs.




                                                            55
Page 371
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                       STATEMENTS
            Tanggal 31 Desember 2024                                             As of December 31, 2024
           dan untuk tahun yang berakhir                                         and for year then ended
               pada tanggal tersebut                                        (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                        unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI               DAN     ASUMSI            3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG 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)

     Kelompok Usaha menghitung KKE sepanjang                             The Group calculates lifetime ECL based on the
     umurnya 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 Kelompok Usaha sesuai kontrak dan                       to the Group in accordance with the contract and the
     arus kas yang diharapkan akan diterima Kelompok                     cash flows that the Group expects to receive, which
     Usaha, yang diestimasi berdasarkan pendapatan                       is estimated based on the revenues from the plasma
     dari perkebunan plasma dikurangi biaya penjualan.                   plantations deducted with the costs of sales,
     pembayaran pokok dan bunga ke bank. Input utama                     principal and interest payments to the bank. The key
     yang digunakan untuk estimasi ini adalah harga jual                 inputs applied for this estimation are the selling price
     TBS, hasil produksi perkebunan plasma, biaya                        of FFB, production yield of the plasma plantations,
     produksi dan tingkat inflasi. Penyisihan ini dievaluasi             production costs and inflation rate. These provisions
     ulang dan disesuaikan dengan tambahan informasi                     are re-evaluated and adjusted as additional
     yang diterima pada setiap tanggal pelaporan.                        information is received at each reporting date.

     Penyisihan atas penurunan          nilai   pasar   dan              Allowance for declining in market value and
     keusangan persediaan                                                obsolescence of inventories

     Penyisihan atas penurunan nilai pasar dan                           Allowance for declining in market value and
     keusangan persediaan diestimasi berdasarkan fakta                   obsolescence of inventories is estimated based on
     dan situasi yang tersedia, termasuk namun tidak                     available facts and circumstances, including but not
     terbatas kepada, kondisi fisik persediaan yang                      limited to, the inventories’ own physical conditions,
     dimiliki, harga jual pasar, estimasi biaya                          their market selling prices, estimated costs of
     penyelesaian dan estimasi biaya yang timbul untuk                   completion and estimated costs to be incurred for
     penjualan. Penyisihan dievaluasi kembali dan                        their sales. The allowances are reevaluated and
     disesuaikan jika terdapat tambahan informasi yang                   adjusted as additional information received affects
     mempengaruhi jumlah yang diestimasi. Penjelasan                     the amount estimated. Further details are disclosed
     lebih rinci diungkapkan dalam Catatan 7.                            in Note 7.

     Aset pajak tangguhan                                                Deferred tax assets

     Aset pajak tangguhan diakui atas seluruh                            Deferred tax assets are recognised for all deductible
     perbedaan temporer yang dapat dikurangkan,                          temporary differences, to the extent that it is
     sepanjang     besar    kemungkinannya     bahwa                     probable that taxable profit will be available against
     penghasilan kena pajak akan tersedia sehingga                       which the deductible temporary differences.
     perbedaan temporer tersebut dapat digunakan.                        Significant management estimates are required to
     Estimasi signifikan oleh manajemen disyaratkan                      determine the amount of deferred tax assets that
     dalam menentukan total aset pajak tangguhan yang                    can be recognised, based upon the likely timing and
     dapat diakui, berdasarkan saat penggunaan dan                       the level of future taxable profits together with future
     tingkat penghasilan kena pajak serta strategi                       tax planning strategies. Further details are disclosed
     perencanaan pajak masa depan. Penjelasan lebih                      in Note 19.
     rinci diungkapkan dalam Catatan 19.




                                                               56
Page 372
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                      STATEMENTS
            Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk tahun yang berakhir                                        and for year then ended
               pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI               DAN     ASUMSI           3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG SIGNIFIKAN (lanjutan)                                         ESTIMATES AND ASSUMPTIONS (continued)
     Estimasi dan asumsi (lanjutan)                                     Estimates and assumptions (continued)
     Penurunan nilai aset non-keuangan                                  Impairment of non-financial assets
     Penurunan nilai muncul saat nilai tercatat aset atau               An impairment exists when the carrying value of an
     Unit Penghasil Kas (“UPK”) melebihi nilai                          asset or Cash Generating Unit (“CGU”) exceeds its
     terpulihkannya, yaitu yang lebih besar antara nilai                recoverable amount, which is the higher of its fair
     wajar dikurangi biaya untuk menjual dan nilai                      value less costs to sell and its value in use. The fair
     pakainya. Nilai wajar dikurangi biaya untuk menjual                value less costs to sell calculation is based on
     didasarkan pada ketersediaan data dari perjanjian                  available data from binding sales transactions in an
     penjualan yang mengikat yang dibuat dalam                          arm’s length transaction of similar assets or
     transaksi normal atas aset serupa atau harga pasar                 observable market prices less incremental costs for
     yang dapat diamati dikurangi dengan biaya                          disposing the asset.
     tambahan yang dapat diatribusikan dengan
     pelepasan aset.
     Dalam menentukan nilai wajar dikurangi biaya                       In determining fair value less costs to sell, recent
     untuk menjual, digunakan harga penawaran pasar                     market transactions are taken into account, if
     terakhir, jika tersedia. Jika tidak terdapat transaksi             available. If no such transactions can be identified,
     tersebut, Kelompok Usaha menggunakan model                         an appropriate valuation model is used to determine
     penilaian yang sesuai untuk menentukan nilai wajar                 the fair value of the assets. These calculations are
     aset. Perhitungan-perhitungan ini dipadukan                        corroborated by valuation multiples or other
     dengan penilaian berganda atau indikator nilai                     available fair value indicators. The value in use
     wajar yang tersedia. Perhitungan nilai pakai                       calculation is based on a discounted cash flow
     didasarkan pada model arus kas yang                                model.
     didiskontokan.
     Perhitungan nilai pakai didasarkan pada model arus                 The value in use calculation is based on a
     kas yang didiskontokan. Proyeksi arus kas tidak                    discounted cash flow model. The future cash flow
     termasuk aktivitas restrukturisasi yang belum ada                  projection does not include restructuring activities
     perikatannya atau investasi signifikan di masa                     that the not yet committed to or significant future
     depan yang akan meningkatkan kinerja dari UPK                      investments that will enhance the asset’s
     yang diuji. Nilai terpulihkan paling sensitif terhadap             performance of the CGU being tested. The
     tingkat diskonto yang digunakan untuk model arus                   recoverable amount is most sensitive to the discount
     kas yang didiskontokan seperti halnya dengan arus                  rate used for the discounted cash flow model as well
     kas masuk masa depan yang diharapkan dan                           as the expected future cash inflows and the growth
     tingkat pertumbuhan yang digunakan untuk tujuan                    rate used for extrapolation purposes.
     ekstrapolasi.




                                                              57
Page 373
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                               STATEMENTS
           Tanggal 31 Desember 2024                                                     As of December 31, 2024
          dan untuk tahun yang berakhir                                                 and for year then ended
              pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
             kecuali dinyatakan lain)


4.   KAS DAN SETARA KAS                                                   4.    CASH AND CASH EQUIVALENTS
                                       31 Desember 2024/   31 Desember 2023/     31 Desember 2022/
                                       December 31, 2024   December 31, 2023     December 31, 2022

     Kas                                        617.699               503.011             454.917                           Cash on hand

     Bank                                                                                                                   Cash in banks
       Pihak ketiga                                                                                                        Third parties
          Dalam Rupiah                                                                                                       In Rupiah
          PT Bank Rakyat Indonesia                                                                           PT Bank Rakyat Indonesia
             (Persero) Tbk.                   93.682.679         156.173.173           138.572.281                    (Persero) Tbk.
          PT Bank Negara Indonesia                                                                          PT Bank Negara Indonesia
             (Persero) Tbk.                    3.487.853          21.674.867           141.447.020                    (Persero) Tbk.
          PT Bank Syariah Indonesia Tbk.       1.241.007             427.510                     -      PT Bank Syariah Indonesia Tbk.
          PT Bank Mandiri (Persero) Tbk.         693.139           2.940.164            36.923.911      PT Bank Mandiri (Persero) Tbk.
          Standard Chartered Bank                626.737           3.670.291                     -            Standard Chartered Bank
          PT Bank Central Asia Tbk.              624.904             625.294               625.684           PT Bank Central Asia Tbk.
          PT Bank Maybank Indonesia Tbk.         116.808             118.950                20.209     PT Bank Maybank Indonesia Tbk.
          PT Bank Jtrust Indonesia Tbk.           27.863              28.323                43.033        PT Bank Jtrust Indonesia Tbk.
          PT Bank Pembangunan Daerah                                                                    PT Bank Pembangunan Daerah
             Kalimantan Tengah                   22.379                24.510              26.485                Kalimantan Tengah
          PT Bank Woori Saudara                                                                                PT Bank Woori Saudara
             Indonesia Tbk                          820                  940                 1.000                     Indonesia Tbk

                                             100.524.189         185.684.022           317.659.623
           Dalam Dolar AS                                                                                                   In US Dollar
           PT Bank Rakyat Indonesia                                                                          PT Bank Rakyat Indonesia
              (Persero) Tbk.                 138.789.203           2.587.631             4.177.113                    (Persero) Tbk.
           Standard Chartered Bank             3.883.551           1.597.356                     -            Standard Chartered Bank
           PT Bank Negara Indonesia                                                                         PT Bank Negara Indonesia
              (Persero) Tbk.                   2.141.191           5.648.578           146.264.587                     (Persero) Tbk.
           BNP Paribas Singapore                 971.055          27.903.697            13.656.100             BNP Paribas Singapore
           PT Bank Mandiri (Persero) Tbk.        963.548           1.100.663             2.432.809      PT Bank Mandiri (Persero) Tbk.
           PT Bank Maybank Indonesia Tbk.         28.364           3.306.727                31.305     PT Bank Maybank Indoneisa Tbk.
           PT Bank Woori Saudara                                                                               PT Bank Woori Saudara
              Indonesia Tbk                      15.976                15.356              15.731                     Indonesia Tbk.
           PT Bank Jtrust Indonesia Tbk           2.736                 2.778               3.163         PT Bank Jtrust Indonesia Tbk.

                                             146.795.624          42.162.786           166.580.808

                                             247.319.813         227.846.808           484.240.431

       Pihak berelasi (Catatan 33d)                                                                           Related party (Note 33d)
          Dalam Rupiah                                                                                                    In Rupiah
          PT Bank Perkreditan Rakyat                                                                     PT Bank Perkreditan Rakyat
            Lingga Sejahtera                  13.703.680          13.962.541             7.374.341               Lingga Sejahtera

                                             261.023.493         241.809.349           491.614.772




                                                                 58
Page 374
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                   STATEMENTS
           Tanggal 31 Desember 2024                                                         As of December 31, 2024
          dan untuk tahun yang berakhir                                                     and for year then ended
              pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
             kecuali dinyatakan lain)


4.   KAS DAN SETARA KAS (lanjutan)                                         4.       CASH AND CASH EQUIVALENTS (contined)

                                         31 Desember 2024/   31 Desember 2023/       31 Desember 2022/
                                         December 31, 2024   December 31, 2023       December 31, 2022

     Deposito berjangka                                                                                                       Time deposits
       Pihak ketiga                                                                                                          Third parties
          Dalam Rupiah                                                                                                        In Rupiah
          PT Bank Rakyat Indonesia                                                                            PT Bank Rakyat Indonesia
             (Persero) Tbk.                     52.140.843         147.978.059             340.640.843                (Persero) Tbk.
          PT Bank Negara Indonesia                                                                           PT Bank Negara Indonesia
             (Persero) Tbk.                     64.500.000          59.000.000             235.886.000                (Persero) Tbk.
          PT Bank Syariah Indonesia                                                                        PT Bank Syariah Indonesia
             Tbk                                10.000.000                      -                    -                           Tbk.

                                               126.640.843         206.978.059             576.526.843
          Dalam Dolar AS                                                                                                   In US Dollar
          PT Bank Rakyat Indonesia                                                                            PT Bank Rakyat Indonesia
            (Persero) Tbk.                       4.000.000                      -          195.457.675                 (Persero) Tbk.
          PT Bank Negara Indonesia                                                                            PT Bank Negara Indonesia
            (Persero) Tbk.                               -                      -             157.311                  (Persero) Tbk.

                                                 4.000.000                      -          195.614.986
          Pihak berelasi (Catatan 33d)                                                                          Related party (Note 33d)
          Dalam Rupiah                                                                                                         In Rupiah
          PT Bank Perkreditan Rakyat                                                                         PT Bank Perkreditan Rakyat
             Lingga Sejahtera                  788.000.000         788.000.000             542.625.000               Lingga Sejahtera

                                               788.000.000         788.000.000             542.625.000

          TOTAL                              1.180.282.037       1.237.290.419           1.806.836.518                          TOTAL


     Rekening di bank memiliki tingkat bunga                                        Accounts in banks earn interest at floating rates
     mengambang sesuai dengan tingkat penawaran                                     based on the offered rate from each bank.
     pada masing-masing bank.

     Suku bunga tahunan deposito berkisar antara:                                   The time deposits bear annual interest rates ranging
                                                                                    as follows:

                                         31 Desember 2024/   31 Desember 2023/       31 Desember 2022/
                                         December 31, 2024   December 31, 2023       December 31, 2022

     Rupiah                                  1,80% - 6,15%       0,95% - 6,50%           1,75% - 7,25%                              Rupiah
     Dolar Amerika Serikat                   3,10% - 3,75%       3,10% - 3,70%           2,00% - 3,75%                            US Dollar


     Pada tanggal 31 Desember 2024, 2023, dan 2022,                                 As of December 31, 2024, 2023, and 2022, there
     tidak terdapat saldo kas dan setara kas yang                                   were no balance of cash and cash equivalents which
     digunakan sebagai jaminan atau dibatasi                                        were pledged as collateral and restricted in use.
     penggunaannya.




                                                                   59
Page 375
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                                     PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                      STATEMENTS
            Tanggal 31 Desember 2024                                                            As of December 31, 2024
           dan untuk tahun yang berakhir                                                        and for year then ended
               pada tanggal tersebut                                                       (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                       unless otherwise stated)
              kecuali dinyatakan lain)


5.   PIUTANG USAHA - PIHAK KETIGA                                          5.           TRADE RECEIVABLES - THIRD PARTIES
                                       31 Desember 2024/    31 Desember 2023/            31 Desember 2022/
                                       December 31, 2024    December 31, 2023            December 31, 2022

      Piutang usaha - dalam Rupiah                                                                                 Trade receivables - in Rupiah
      Koperasi Media Sejahtera Bersama         7.862.799           14.427.161                    9.126.944    Koperasi Media Sejahtera Bersama
      PT Sino Zone Industry Indonesia          7.831.076            6.225.695                   20.225.136      PT Sino Zone Industry Indonesia
      PT Synergy Oil Nusantara                 5.683.020                    -                            -             PT Synergy Oil Nusantara
      PT Ecogreen Oleochemicals                5.143.450            3.787.532                    2.416.612          PT Ecogreen Oleochemicals
      PT Prima Sukses Sejahtera Abadi          1.303.322            1.303.323                    1.303.322     PT Prima Sukses Sejahtera Abadi
      PT Multi Usaha Abadi                       922.027            1.911.325                   14.590.152                 PT Multi Usaha Abadi
      PT Dua Kuda Indonesia                            -           13.287.102                   27.132.159               PT Dua Kuda Indonesia
      PT Borneo Langgeng Sejahtera                     -            1.339.932                   75.789.897       PT Borneo Langgeng Sejahtera
      PT Borneo Mitra Bersama Sejati                   -                    -                    1.853.385      PT Borneo Mitra Bersama Sejati
      Lain-lain (jumlah masing-masing                                                                                        Others (individually
        kurang dari Rp5.000.000)                566.038                752.182                   2.912.984          each below Rp5,000,000)

       Piutang usaha - dalam Dolar AS                                                                           Trade receivables - in US Dollars
       Grands Oils & Foods (Singapore)                                                                          Grands Oils & Foods (Singapore)
         Pte. Ltd.                                     -                        -              181.969.871                            Pte. Ltd
       Eco Comodity (Singapore) Pte. Ltd               -                        -               77.112.087     Eco Comodity (Singapore) Pte. Ltd

                                              29.311.732           43.034.252                  414.432.549
      Penyisihan atas penurunan                                                                                         Allowance for impairment
        nilai piutang usaha                   (1.838.828)                           -                    -               of trade receivables

      Total                                   27.472.904           43.034.252                  414.432.549                                 Total



     Mutasi atas penyisihan penurunan nilai piutang                                     Movements in the allowance for impairment of trade
     usaha - pihak ketiga adalah sebagai berikut:                                       receivables - third parties are as follows:
                                       31 Desember 2024/    31 Desember 2023/            31 Desember 2022/
                                       December 31, 2024    December 31, 2023            December 31, 2022

      Saldo awal                                       -                        -                        -                    Beginning Balance
      Tambahan penyisihan
        selama tahun berjalan                                                                                              Addition of allowance
         (Catatan 30)                          1.838.828                        -                        -            during the year (Note 30)

      Saldo Akhir                              1.838.828                        -                        -                      Ending Balance



     Analisis umur piutang usaha - pihak ketiga adalah                                  The aging analysis of trade receivables - third
     sebagai berikut:                                                                   parties are as follows:
                                       31 Desember 2024/    31 Desember 2023/            31 Desember 2022/
                                       December 31, 2024    December 31, 2023            December 31, 2022

      Belum jatuh tempo                                                                                                                   Current
         (kurang dari 30 hari)                21.804.532               675.187                 414.432.549                  (less than 30 days)
      Sudah jatuh tempo                                                                                                                 Overdue
        (lebih dari 30 hari)                   5.668.372           42.359.065                            -                 (more than 30 days)

      Total                                   27.472.904           43.034.252                  414.432.549                                 Total


     Piutang usaha - pihak ketiga merupakan piutang                                     Trade receivables - third parties represent
     atas penjualan minyak kelapa sawit dan turunannya,                                 receivables from sales of crude palm oil and its
     minyak inti sawit, inti sawit, dan tandan buah segar.                              derivatives, crude palm kernel oil, palm kernel, and
                                                                                        fresh fruit bunches.
     Berdasarkan penilaian atas kerugian kredit                                         Based on the assessment of expected credit losses
     ekspektasian atas saldo akun piutang usaha pihak                                   on trade receivables third parties at the end of the
     ketiga pada akhir tahun, terdapat penyisihan                                       year, there is an allowance for impairment of
     penurunan nilai piutang usaha. Manajemen percaya                                   accounts receivable. Management believes that an
     bahwa penyisihan untuk penurunan nilai piutang                                     allowance for impairment of accounts receivable
     usaha pihak ketiga sudah memadai untuk menutupi                                    third parties is adequate to cover any losses from
     kerugian dari piutang yang tidak dapat ditagih.                                    uncollectible of receivables.

                                                                  60
Page 376
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                STATEMENTS
            Tanggal 31 Desember 2024                                                      As of December 31, 2024
           dan untuk tahun yang berakhir                                                  and for year then ended
               pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
              kecuali dinyatakan lain)


5.   PIUTANG USAHA - PIHAK KETIGA (lanjutan)                               5.     TRADE RECEIVABLES                -   THIRD        PARTIES
                                                                                  (continued)
     Pada tanggal 31 Desember 2024, 2023, dan 2022,                               As of December 31, 2024, 2023, and 2022, the
     Perseroan dan entitas anak tertentu menjaminkan                              Company and certain subsidiaries pledged trade
     piutang usaha sehubungan dengan fasilitas                                    receivables in relation with the syndicated loan
     pinjaman sindikasi (Catatan 21).                                             facility (Note 21).

6.   PIUTANG LAIN-LAIN - PIHAK KETIGA                                      6.     OTHER RECEIVABLES - THIRD PARTIES
                                        31 Desember 2024/    31 Desember 2023/     31 Desember 2022/
                                        December 31, 2024    December 31, 2023     December 31, 2022

     Piutang lain-lain - dalam Rupiah                                                                           Other receivables - in Rupiah
     PT Sawit Mandiri Lestari                   9.163.986            8.038.876             8.038.876                PT Sawit Mandiri Lestari
     PT Multi Usaha Abadi                       1.212.729              535.745             7.624.202                   PT Multi Usaha Abadi
     Lain-lain (jumlah masing-masing                                                                                     Others (individually
        kurang dari Rp5.000.000)                7.155.451            7.231.711             7.447.116             each below Rp5,000,000)

     Total                                     17.532.166           15.806.332            23.110.194                                      Total


     Piutang lain-lain - pihak ketiga kepada PT Sawit                             Other    receivables    -    third   parties    from
     Mandiri Lestari dan PT Multi Usaha Abadi pada                                PT Sawit Mandiri Lestari and PT Multi Usaha Abadi
     umumnya merupakan penjualan material kebun.                                  generally represents sales of material in estate.
     Lihat Catatan 35 mengenai risiko kredit piutang                              See Note 35 on credit risk of trade receivables to
     usaha untuk memahami bagaimana Grup                                          understand how the Group manages and measures
     mengelola dan mengukur kualitas kredit piutang                               credit quality of trade receivables.
     usaha.

     Berdasarkan penilaian atas kerugian kredit                                   Based on the assessment of expected credit losses
     ekspektasian atas saldo akun piutang lain-lain pada                          on other receivables at the end of the year,
     akhir tahun, manajemen berkeyakinan bahwa tidak                              management believes that an allowance for
     diperlukan penyisihan penurunan nilai piutang lain-                          impairment of other receivables is not considered
     lain.                                                                        necessary.
7.   PERSEDIAAN, NETO                                                      7.     INVENTORIES, NET
                                        31 Desember 2024/    31 Desember 2023/     31 Desember 2022/
                                        December 31, 2024    December 31, 2023     December 31, 2022

     Persediaan komoditas:                                                                                           Commodity inventories:
     RBD palm stearin                         244.734.277          211.351.604           152.558.042                       RBD palm stearin
     RBD palm olein                           165.547.129          168.812.867            56.273.836                         RBD palm olein
     Inti sawit                                65.167.833           19.193.054             9.606.805                             Palm kernel
     Minyak kelapa sawit                       73.933.022           81.709.936            75.518.935                          Crude palm oil
     Minyak inti sawit                         32.040.774           20.197.761            35.656.434                   Crude palm kernel oil
     Refined bleached deodorized palm oil      14.601.214           18.086.345            23.982.597    Refined bleached deodorized palm oil
     Palm fatty acid distillate                 6.770.563           21.005.960            65.500.924                 Palm fatty acid distillate
     Palm kernel expeller                       2.537.060            2.751.022               184.990                    Palm kernel expeller
     Tandan buah segar                          1.705.197                    -                     -                       Fresh fruit bunch
     Pillow pack                                  292.850              189.686            12.824.221                             Pillow pack

                                              607.329.919          543.298.235           432.106.784
     Persediaan non-komoditas:                                                                                    Non-commodity inventories:
     Bibit                                       622.076             3.353.851            19.369.044                                  Nursery
     Bahan, suku cadang, dan                                                                                       Materials, spare parts, and
        perlengkapan perawatan                170.426.967          225.446.160           379.270.189                 maintenance supplies

                                              171.049.043          228.800.011           398.639.233

     Persediaan dalam perjalanan                2.020.489           88.102.903            60.283.595                        Materials in transit

                                              780.399.451          860.201.149           891.029.612

     Penyisihan atas                                                                                                             Allowance for
       penurunan nilai persediaan              (3.162.285)         (68.571.093)           (6.184.783)         declining in value of inventories

     Total                                    777.237.166          791.630.056           884.844.829                                      Total


                                                                   61
Page 377
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                           STATEMENTS
              Tanggal 31 Desember 2024                                                 As of December 31, 2024
             dan untuk tahun yang berakhir                                             and for year then ended
                 pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
                kecuali dinyatakan lain)


7. PERSEDIAAN, NETO (lanjutan)                                          7.     INVENTORIES, NET (continued)

     Mutasi atas penyisihan penurunan nilai persediaan                         Movements in the allowance for declining in value
     adalah sebagai berikut:                                                   of inventories are as follows:

                                    31 Desember 2024/    31 Desember 2023/      31 Desember 2022/
                                    December 31, 2024    December 31, 2023      December 31, 2022

     Saldo awal                            68.571.093            6.184.783                          -                   Beginning Balance
     Tambahan penyisihan atas                                                                                   Additions of allowance for
       penurunan nilai persediaan                                                                       declining in value of inventories
       (Catatan 30)                         3.162.285           68.571.093              6.184.783                               (Note 30)
     Pemulihan penyisihan atas                                                                                   Reversal of allowance for
       penurunan nilai persediaan                                                                       declining in value of inventories
       (Catatan 30)                       (68.571.093)           (6.184.783)                    -                               (Note 30)

     Saldo akhir                            3.162.285           68.571.093              6.184.783                        Ending Balance


     Pada tanggal 31 Desember 2024, Kelompok Usaha                             As of December 31, 2024, the Group covered stock
     mengasuransikan persediaan minyak kelapa sawit,                           of crude palm oil, crude palm kernel oil, palm kernel,
     minyak inti sawit, inti sawit, pupuk, dan bahan kimia                     fertilizers, and chemicals by insurance against
     terhadap risiko kebakaran dan risiko lainnya dengan                       losses from fire and other risks under blanket
     jumlah pertanggungan sebesar Rp1.057.660.725                              policies with insurance coverage totalling
     (31 Desember             2023:        Rp1.065.000.000;                    Rp1,057,660,725        (December        31,     2023:
     31 Desember 2022: Rp1.063.000.000) yang mana                              Rp1,065,000,000;        December        31,     2022:
     menurut pendapat manajemen Kelompok Usaha                                 Rp1,063,000,000),      which    in    the Group’s
     jumlahnya cukup untuk menutup kemungkinan                                 management opinion is adequate to cover possible
     kerugian     yang       timbul    dari   risiko  yang                     losses from such risk.
     dipertanggungkan.

     Pada tanggal 31 Desember 2024, 2023, dan 2022,                            As of December 31, 2024, 2023, and 2022, the
     Perseroan dan entitas anak tertentu menjaminkan                           Company and certain subsidiaries pledged
     persediaan sehubungan dengan fasilitas pinjaman                           inventories in relation with the syndicated loan
     sindikasi (Catatan 21).                                                   facility (Note 21).


8.    ASET BIOLOGIS                                                    8.      BIOLOGICAL ASSETS

      Aset biologis terdiri dari produk agrikultur yang                        Biological assets comprise of growing agriculturall
      tumbuh pada tanaman produktif yang disajikan                             produce of the bearer plants which is presented in
      dalam akun “Aset Lancar - Aset Biologis” dalam                           “Current Assets - Biological Assets” in the
      laporan posisi keuangan konsolidasian.                                   consolidated statement of financial position.

                                    31 Desember 2024/    31 Desember 2023/      31 Desember 2022/
                                    December 31, 2024    December 31, 2023      December 31, 2022

       Saldo awal                         268.510.895          225.042.572            361.255.612                      Beginning balance
       Keuntungan/(kerugian) atas                                                                              Gains/(losses) arising from
         perubahan nilai wajar                                                                                  changes in fair value of
         aset biologis                    208.751.786           43.468.323           (136.213.040)                     biological assets

       Saldo akhir                        477.262.681          268.510.895            225.042.572                        Ending balance


      Nilai Wajar Aset Biologis                                                Fair Values of Biological Assets

      Aset biologis terdiri dari produk agrikultur yang                        Biological assets comprise of growing agricultural
      tumbuh pada tanaman produktif yang disajikan                             produce of the bearer plants which is presented in
      dalam akun “Aset Lancar - Aset Biologis” dalam                           “Current Assets - Biological Assets” in the
      laporan posisi keuangan konsolidasian.                                   consolidated statement of financial position.




                                                               62
Page 378
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                           STATEMENTS
            Tanggal 31 Desember 2024                                                 As of December 31, 2024
           dan untuk tahun yang berakhir                                             and for year then ended
               pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
              kecuali dinyatakan lain)


8.   ASET BIOLOGIS (lanjutan)                                         8.     BIOLOGICAL ASSETS (continued)

     Produk Agrikultur Kelapa Sawit                                          Oil Palm Agricultural Produce

     Nilai wajar dari hasil perkebunan kelapa sawit                          The fair values of the produce of oil palm plantations
     ditentukan pada Level 2 berdasarkan harga pasar                         are determined at Level 2 based on the market price
     dari produk sebagaimana diterapkan pada perkiraan                       of the product as applied to the estimated volume of
     volume produk.                                                          the product.
     Input utama untuk penilaian aset biologis                               Key inputs to valuation of biological assets
     Estimasi kuantitas fisik panen produk agrikultur                        Estimated physical quantities of harvest of
     tandan buah segar kelapa sawit sejumlah 150.173                         agricultural produce oil palm’s fresh fruit bunches
     ton (31 Desember 2023: 128.595 ton dan                                  amounted to 150,173 tons (December 31, 2023:
     31 Desember 2022: 100.129 ton).                                         128,595 tons and December 31, 2022: 100,129
                                                                             tons).
     Harga pasar terkait atas produk agrikultur tandan                       The market price for fresh fruit bunches of palm oil
     buah segar kelapa sawit sejumlah Rp3.520                                agriculture products is Rp3,520 (December 31,
     (31 Desember 2023: Rp2.796 dan 31 Desember                              2023: Rp2,796 and December 31, 2022: Rp2,685).
     2022: Rp2.685).

9.   BIAYA DIBAYAR DIMUKA                                             9.     PREPAYMENTS
                                     31 Desember 2024/   31 Desember 2023/    31 Desember 2022/
                                     December 31, 2024   December 31, 2023    December 31, 2022

      Asuransi                               3.405.103           2.444.276            2.073.905                              Insurance
      Pemeliharaan                             819.711                   -                    -                            Maintenance
      Lain-lain                                  4.485                   -              193.735                                  Others

      Total                                  4.229.299           2.444.276            2.267.640                                   Total


10. UANG MUKA                                                          10. ADVANCES

                                     31 Desember 2024/   31 Desember 2023/    31 Desember 2022/
                                     December 31, 2024   December 31, 2023    December 31, 2022

      Pihak berelasi (Catatan 33a)          28.303.530          68.871.190           15.222.059              Related parties (Note 33a)

      Pihak ketiga                                                                                                         Third parties
         PT Sawit Mandiri Lestari          501.470.214           9.235.406           30.878.030             PT Sawit Mandiri Lestari
         PT Ichtiar Gusti Pudi              30.910.488          29.408.002           30.008.905                 PT Ichtiar Gusti Pudi
         PT Teguh Sempurna                  19.169.961                   -                    -                 PT Teguh Sempurna
         PT Kridatama Lancar                19.169.961                   -                    -                 PT Kridatama Lancar
         PT Risman Scham Palm Indonesia     16.778.752          16.002.208           22.887.585    PT Risman Scham Palm Indonesia
         CV Gratia Komputer                 13.101.673                   -                    -                  CV Gratia Komputer
         PT Ana Cemerlang Jaya               9.794.711                   -                    -             PT Ana Cemerlang Jaya
         PT Ichiko Agro Lestari              6.638.800           6.332.369            6.461.760               PT Ichiko Agro Lestari
         PT Suryaindah Nusantarapagi         5.614.038                   -                    -        PT Suryaindah Nusantarapagi
         PT Borneo Langgeng Sejahtera        5.023.554           4.791.679           19.589.348       PT Borneo Langgeng Sejahtera
         PT Sawit Graha Manunggal                    -          30.952.872                    -          PT Sawit Graha Manunggal
         PT Graha Inti Jaya                          -          28.185.451                    -                    PT Graha Inti Jaya
         PT Trimitra Sistem Solusindo                -          10.058.408                    -         PT Trimitra Sistem Solusindo
         PT Ichiko Agro Lestari                      -           6.332.369            6.461.760               PT Ichiko Agro Lestari
         PT Sakti Mait Jaya Langit                   -                   -            2.303.502            PT Sakti Mait Jaya Langit
         Lain-lain (jumlah masing-masing                                                                    Others (individually each
            kurang dari Rp5.000.000)        55.109.773          32.854.995           29.909.787                below Rp5,000,000)

                                           682.781.925         167.821.390          142.038.917

        Total                              711.085.455         236.692.580          157.260.976                                 Total


     Akun ini merupakan uang muka atas pembelian                             This account represents advances for purchase of
     tandan buah segar, minyak kelapa sawit, pupuk,                          fresh fruit bunches, crude palm oil, fertilizers,
     material, suku cadang, dan jasa kepada pihak ketiga                     materials, spare parts and services to third parties
     dan pihak berelasi.                                                     and a related parties.

                                                               63
Page 379
                                                                                              The original consolidated financial statements included herein
                                                                                                                            are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                                PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                                 STATEMENTS
           Tanggal 31 Desember 2024                                                                       As of December 31, 2024
          dan untuk tahun yang berakhir                                                                   and for year then ended
              pada tanggal tersebut                                                                  (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                                  unless otherwise stated)
             kecuali dinyatakan lain)


11. ASET TETAP DAN TANAMAN PRODUKTIF,                                                        11. FIXED ASSETS AND BEARER PLANTS, NET
    NETO
                                                         Untuk tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                  For the year Ended December 31, 2024

                                                                                                     Penyesuaian
                                                                                                      selisih kurs
                                                                                                       penjabaran
                                                                                                         laporan
                                                                                                       keuangan/
                                                                                                     Adjustment on
                                                                                                    foreign currency
                                   Saldo Awal/                                                       translation of     Saldo Akhir/
                                    Beginning      Penambahan/     Pengurangan/      Reklasifikasi/     financial        Ending
                                     Balance         Additions       Disposal       Reclassification statements          Balance

  Biaya perolehan                                                                                                                                                  Cost
  Pemilikan langsung                                                                                                                                  Direct ownership
  Tanah                        1.183.272.803         13.069.828                 -                 -              -      1.196.342.631                             Lands
  Bangunan                     1.609.766.473          3.744.034         (176.000)       136.473.311     15.591.966      1.765.399.784                          Buildings
  Prasarana                      444.488.570          2.008.010                 -        29.633.377              -        476.129.957                    Infrastructures
  Mesin dan peralatan          1.025.169.447         49.321.059       (2.329.296)        90.850.012     10.580.893      1.173.592.115        Machinery and equipment
  Kendaraan dan alat-alat berat 458.934.103           5.734.375       (1.151.227)         2.310.239        225.670        466.053.160    Vehicles and heavy equipment
  Perabotan dan peralatan        171.229.195         15.261.910                 -           748.159        547.582        187.786.846             Furniture and fixtures

  Tanaman produktif                                                                                                                                     Bearer plants
  Tanaman menghasilkan            3.205.518.825                -                -         3.809.985               -     3.209.328.810                Mature plantations
  Tanaman belum
      menghasilkan                   16.244.832      15.052.989                -         (3.809.985)             -         27.487.836            Immature plantations
  Aset dalam penyelesaian           236.022.442     263.126.105        (966.965)       (260.015.098)     1.319.635        239.486.119         Constructions in progress

  Jumlah biaya perolehan          8.350.646.690     367.318.310       (4.623.488)                  -    28.265.746      8.741.607.258                         Total cost


  Akumulasi depresiasi                                                                                                                     Accumulated depreciation
  Pemilikan langsung                                                                                                                                  Direct ownership
  Bangunan                         (528.989.391)    (86.762.677)         176.000                   -    (4.668.417)     (620.244.485)                          Buildings
  Prasarana                        (266.681.421)    (22.470.251)               -                   -                    (289.151.672)                    Infrastructures
  Mesin dan peralatan              (685.635.836)    (83.008.924)         214.715                   -    (7.977.267)     (776.407.312)        Machinery and equipment
  Kendaraan dan alat-alat berat    (379.948.708)    (38.395.309)       1.151.227                   -      (140.606)     (417.333.396)    Vehicles and heavy equipment
  Perabotan dan perlengkapan        (76.710.520)    (19.283.246)                                   -      (270.662)      (96.264.428)             Furniture and fixtures

  Tanaman produktif                                                                                                                                     Bearer plants
  Tanaman menghasilkan            (1.598.259.510) (153.075.500)                 -                  -              -    (1.751.335.010)               Mature plantations

  Jumlah akumulasi                                                                                                                                   Total accumulated
    penyusutan                    (3.536.225.386) (402.995.907)        1.590.628                   -   (13.056.952)    (3.950.736.303)                depreciation

  Nilai buku neto                 4.814.421.304                                                                         4.790.870.955                  Net book value



                                                         Untuk tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                                  For the year Ended December 31, 2023

                                                                                                     Penyesuaian
                                                                                                      selisih kurs
                                                                                                       penjabaran
                                                                                                         laporan
                                                                                                       keuangan/
                                                                                                     Adjustment on
                                                                                                    foreign currency
                                   Saldo Awal/                                                       translation of     Saldo Akhir/
                                    Beginning      Penambahan/     Pengurangan/      Reklasifikasi/     financial        Ending
                                     Balance         Additions       Disposal       Reclassification statements          Balance

  Biaya perolehan                                                                                                                                                  Cost
  Pemilikan langsung                                                                                                                                  Direct ownership
  Tanah                        1.163.567.263         19.705.540                -                  -              -      1.183.272.803                             Lands
  Bangunan                     1.490.884.013          2.154.640                -        122.771.241     (6.043.421)     1.609.766.473                          Buildings
  Prasarana                      416.596.122          1.143.783                -         26.748.665              -        444.488.570                    Infrastructures
  Mesin dan peralatan            977.662.242         41.329.350                -         10.538.253     (4.360.398)     1.025.169.447        Machinery and equipment
  Kendaraan dan alat-alat berat 439.145.854          22.876.715       (3.744.500)           715.000        (58.966)       458.934.103    Vehicles and heavy equipment
  Perabotan dan peralatan         86.628.031         13.569.780         (772.481)        71.898.543        (94.678)       171.229.195             Furniture and fixtures

  Tanaman produktif                                                                                                                                     Bearer plants
  Tanaman menghasilkan            3.203.655.839                -                -         1.862.986               -     3.205.518.825                Mature plantations
  Tanaman belum
      menghasilkan                   18.661.707       4.501.059                 -        (6.917.934)             -         16.244.832            Immature plantations
  Aset dalam penyelesaian           207.081.947     261.882.825                 -      (232.671.702)      (270.628)       236.022.442         Constructions in progress

  Jumlah biaya perolehan          8.003.883.018     367.163.692       (4.516.981)        (5.054.948)   (10.828.091)     8.350.646.690                         Total cost




                                                                                  64
Page 380
                                                                                              The original consolidated financial statements included herein
                                                                                                                            are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                                PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                                 STATEMENTS
           Tanggal 31 Desember 2024                                                                       As of December 31, 2024
          dan untuk tahun yang berakhir                                                                   and for year then ended
              pada tanggal tersebut                                                                  (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                                  unless otherwise stated)
             kecuali dinyatakan lain)


11. ASET TETAP DAN TANAMAN PRODUKTIF,                                                         11. FIXED ASSETS AND BEARER PLANTS, NET
    NETO (lanjutan)                                                                               (continued)
                                                     Untuk tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                                  For the year Ended December 31, 2023

                                                                                                     Penyesuaian
                                                                                                      selisih kurs
                                                                                                       penjabaran
                                                                                                         laporan
                                                                                                       keuangan/
                                                                                                     Adjustment on
                                                                                                    foreign currency
                                    Saldo awal/                                                      translation of    Saldo Akhir/
                                    Beginning       Penambahan/     Pengurangan/     Reklasifikasi/     financial       Ending
                                     balance          Additions       Disposal      Reclassification statements         Balance

  Akumulasi depresiasi                                                                                                                      Accumulated depreciation
  Pemilikan langsung                                                                                                                                   Direct ownership
  Bangunan                         (450.515.768)     (78.648.665)               -                  -       175.042      (528.989.391)                           Buildings
  Prasarana                        (246.445.716)     (20.235.705)               -                  -             -      (266.681.421)                     Infrastructures
  Mesin dan peralatan              (604.127.752)     (82.014.857)               -                  -       506.773      (685.635.836)         Machinery and equipment
  Kendaraan dan alat-alat berat    (354.206.495)     (29.477.436)       3.744.500                  -        (9.277)     (379.948.708)     Vehicles and heavy equipment
  Perabotan dan perlengkapan        (60.119.634)     (17.357.783)         772.481                  -        (5.584)      (76.710.520)              Furniture and fixtures

  Tanaman produktif                                                                                                                                      Bearer plants
  Tanaman menghasilkan            (1.445.337.572)   (152.921.938)               -                  -              -    (1.598.259.510)                Mature plantations

  Jumlah akumulasi                                                                                                                                    Total accumulated
    penyusutan                    (3.160.752.937)   (380.656.384)       4.516.981                  -       666.954     (3.536.225.386)                 depreciation

  Nilai buku neto                 4.843.130.081                                                                        4.814.421.304                    Net book value


                                                         Untuk tahun yang Berakhir pada Tanggal 31 Desember 2022/
                                                                  For the year Ended December 31, 2022

                                                                                                     Penyesuaian
                                                                                                      selisih kurs
                                                                                                       penjabaran
                                                                                                         laporan
                                                                                                       keuangan/
                                                                                                     Adjustment on
                                                                                                    foreign currency
                                    Saldo Awal/                                                      translation of    Saldo Akhir/
                                     Beginning      Penambahan/     Pengurangan/     Reklasifikasi/     financial       Ending
                                      Balance         Additions       Disposal      Reclassification statements         Balance

  Biaya perolehan                                                                                                                                                   Cost
  Pemilikan langsung                                                                                                                                   Direct ownership
  Tanah                        1.137.107.249          26.460.014                -                 -              -     1.163.567.263                               Lands
  Bangunan                     1.319.897.910             606.362                -       141.462.176     28.917.565     1.490.884.013                            Buildings
  Prasarana                      388.956.034             426.493                -        27.213.595              -       416.596.122                      Infrastructures
  Mesin dan peralatan            913.955.245          22.687.734                -        20.672.759     20.346.504       977.662.242          Machinery and equipment
  Kendaraan dan alat-alat berat 403.169.099           35.776.808                -                 -        199.947       439.145.854      Vehicles and heavy equipment
  Perabotan dan peralatan         74.188.260          11.762.162                -           243.433        434.176        86.628.031               Furniture and fixtures

  Tanaman produktif                                                                                                                                      Bearer Plants
  Tanaman menghasilkan            3.201.822.594                -                -          1.833.245              -    3.203.655.839                  Mature plantations
  Tanaman belum
      menghasilkan                    8.877.260       11.617.692                -         (1.833.245)            -        18.661.707              Immature plantations
  Aset dalam penyelesaian           174.559.436      220.826.533                -       (189.591.963)    1.287.941       207.081.947           Constructions in progress

  Jumlah biaya perolehan          7.622.533.087      330.163.798                -                  -    51.186.133     8.003.883.018                           Total cost


  Akumulasi depresiasi                                                                                                                      Accumulated depreciation
  Pemilikan langsung                                                                                                                                   Direct ownership
  Bangunan                         (375.054.708)     (71.566.470)               -                  -     (3.894.590)    (450.515.768)                           Buildings
  Prasarana                        (229.356.377)     (17.089.339)               -                  -              -     (246.445.716)                     Infrastructures
  Mesin dan peralatan              (520.292.216)     (76.526.579)               -                  -     (7.308.957)    (604.127.752)         Machinery and equipment
  Kendaraan dan alat-alat berat    (325.214.600)     (28.925.064)               -                  -        (66.831)    (354.206.495)     Vehicles and heavy equipment
  Perabotan dan perlengkapan        (52.221.523)      (7.685.178)               -                  -       (212.933)     (60.119.634)              Furniture and fixtures

  Tanaman produktif                                                                                                                                      Bearer plants
    Tanaman menghasilkan          (1.292.508.660)   (152.828.912)               -                  -              -    (1.445.337.572)           Mature plantations

  Jumlah akumulasi                                                                                                                                    Total accumulated
    penyusutan                    (2.794.648.084)   (354.621.542)               -                  -    (11.483.311)   (3.160.752.937)                 depreciation

  Nilai buku neto                 4.827.885.003                                                                        4.843.130.081                    Net book value

  Kerugian penurunan nilai           (12.301.891)              -       12.301.891                  -              -                   -                Impairment loss

  Nilai buku neto setelah                                                                                                                         Net book value after
    penurunan nilai               4.815.583.112                                                                        4.843.130.081              impairment loss



                                                                                   65
Page 381
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                            STATEMENTS
         Tanggal 31 Desember 2024                                                  As of December 31, 2024
        dan untuk tahun yang berakhir                                              and for year then ended
            pada tanggal tersebut                                             (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
           kecuali dinyatakan lain)


11. ASET TETAP DAN TANAMAN PRODUKTIF,                                11. FIXED ASSETS AND BEARER PLANTS, NET
    NETO (lanjutan)                                                      (continued)
   a. Tanaman produktif                                                    a.   Bearer plants
      Amortisasi tanaman menghasilkan dibebankan                                Amortization of mature plantations are charged
      ke akun beban pokok penjualan (Catatan 29).                               to cost of sales (Note 29).
      Tanaman belum menghasilkan merupakan                                      The immature plantations represent the
      akumulasi biaya yang terjadi di Kelompok                                  accumulated costs incurred related to the
      Usaha sehubungan dengan pengembangan                                      development of the Group’s oil palm plantations
      perkebunan kelapa sawit (perkebunan), seperti                             (plantations), such as land clearing, planting,
      pembersihan lahan, penanaman, pemupukan                                   fertilizing and other maintenance activities until
      dan kegiatan-kegiatan pemeliharaan lainnya                                the oil palm areas are considered mature
      sampai lahan perkebunan kelapa sawit tersebut                             (Note 2k).
      sudah menghasilkan (Catatan 2k).
     Mutasi tanaman belum menghasilkan adalah                                   The movement of immature plantations is as
     sebagai berikut:                                                           follows:

                               31 Desember 2024/      31 Desember 2023/     31 Desember 2022/
                               December 31, 2024      December 31, 2023     December 31, 2022

     Saldo awal                       16.244.832             18.661.707             8.877.260                     Beginning balance
     Biaya pengembangan               15.052.989              4.501.059            11.617.692                     Development costs
     Dialihkan ke tanaman
      menghasilkan                    (3.809.985)            (1.862.986)           (1.833.245)      Transferred to mature plantattions
     Dialihkan ke persediaan                   -             (5.054.948)                     -              Transferred to inventories

     Saldo akhir                      27.487.836             16.244.832            18.661.707                        Ending balance



     Selama 2024, tidak terdapat penambahan                                     During 2024, there were no additions of
     tanaman yang belum menghasilkan yang                                       immature plantations from     non-cash
     berasal dari transaksi non kas.                                            transactions.

     Kelompok Usaha telah memperoleh hak                                        The Group has obtained the titles of the
     kepemilikan atas tanah perkebunan dalam                                    plantation land (“landrights”) under “Hak Guna
     bentuk sertifikat “Hak Guna Usaha” (“HGU”)                                 Usaha” (“HGU”) certificates covering its
     mencakup wilayah perkebunan sebagai berikut:                               plantation area as follows:
                                           Ha/
                                           Ha
         Nomor HGU/                  (tidak diaudit                    Lokasi/                         Tanggal berakhir/
         HGU Number                    /unaudited)                    Location                            End date

      Perseroan/the Company

             30                                199,3        Arut Selatan, Kotawaringin Barat          24 September 2039/
                                                                                                      September 24, 2039

             36                           12.342,49         Arut Selatan, Kotawaringin Barat          24 September 2039/
                                                                                                      September 24, 2039

             47                            4.443,41         Arut Selatan, Kotawaringin Barat          24 September 2042/
                                                                                                      September 24, 2042
       PT Kalimantan Sawit Abadi
            48                             1.932,65         Natai Baru, Kotawaringin Barat            24 September 2042/
                                                                                                      September 24, 2042

             49                            2.510,11         Rungun, Kotawaringin Barat                24 September 2042/
                                                                                                      September 24, 2042

             88                                1.294        Kondang, Kotawaringin Barat               11 November 2057/
                                                                                                      November 11, 2057


                                                            66
Page 382
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                 STATEMENTS
         Tanggal 31 Desember 2024                                       As of December 31, 2024
        dan untuk tahun yang berakhir                                   and for year then ended
            pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
           kecuali dinyatakan lain)


11. ASET TETAP DAN TANAMAN PRODUKTIF,                        11. FIXED ASSETS AND BEARER PLANTS, NET
    NETO (lanjutan)                                              (continued)

   a. Tanaman produktif (lanjutan)                                a. Bearer plants (continued)

      Kelompok Usaha telah memperoleh hak                            The Group has obtained the titles of the
      kepemilikan atas tanah perkebunan dalam                        plantation land (“landrights”) under “Hak Guna
      bentuk sertifikat “Hak Guna Usaha” (“HGU”)                     Usaha” (“HGU”) certificates covering its
      mencakup wilayah perkebunan sebagai berikut:                   plantation area as follows: (continued)
      (lanjutan)
                                        Ha/
                                        Ha
         Nomor HGU/               (tidak diaudit              Lokasi/                         Tanggal berakhir/
         HGU Number                 /unaudited)              Location                            End date

       PT Mitra Mendawai Sejati
            45                             5.922     Umpang, Kotawaringin Barat             24 September 2042/
                                                                                            September 24, 2042

            46                             2.999     Umpang, Kotawaringin Barat             24 September 2042/
                                                                                            September 24, 2042

            83                            618,85     Umpang, Kotawaringin Barat                  19 Juli 2057/
                                                                                                 Juli 19, 2057

            84                            188,53     Umpang, Kotawaringin Barat                  19 Juli 2057/
                                                                                                 Juli 19, 2057

            85                            236,89     Umpang, Runtu, Kotawaringin Barat           19 Juli 2057/
                                                                                                 Juli 19, 2057

            86                             70,48     Umpang, Runtu, Kotawaringin Barat           19 Juli 2057/
                                                                                                 Juli 19, 2057
      PT Tanjung Sawit Abadi
           61                             524,25     Nanga koring, Sungkup, Melata              29 Mei 2052/
                                                     Nanuah, Topalan, Lamandau                  May 29, 2052

            62                          5.743,85     Nanga koring, Sungkup, Melata              29 Mei 2052/
                                                     Nanuah, Topalan, Lamandau                  May 29, 2052

            63                            144,12     Nanga koring, Sungkup, Melata              29 Mei 2052/
                                                     Nanuah, Topalan, Lamandau                  May 29, 2052

      PT Mirza Pratama Putra
            98                             90,83     Lamandau                                 9 September 2056/
                                                                                              September 9, 2056

            99                             36,78     Lamandau                                 9 September 2056/
                                                                                              September 9, 2056

           100                             79,64     Lamandau                                 9 September 2056/
                                                                                              September 9, 2056

           101                          1.287,48     Lamandau                                 9 September 2056/
                                                                                              September 9, 2056

           102                          1.403,30     Lamandau                                 9 September 2056/
                                                                                              September 9, 2056

           103                            635,40     Lamandau                                 9 September 2056/
                                                                                              September 9, 2056

           104                            193,70     Lamandau                                 9 September 2056/
                                                                                              September 9, 2056

                                                     67
Page 383
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                        STATEMENTS
            Tanggal 31 Desember 2024                                              As of December 31, 2024
           dan untuk tahun yang berakhir                                          and for year then ended
               pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
              kecuali dinyatakan lain)


11. ASET TETAP DAN TANAMAN PRODUKTIF,                                11. FIXED ASSETS AND BEARER PLANTS, NET
    NETO (lanjutan)                                                      (continued)

   a. Tanaman produktif (lanjutan)                                           a.   Bearer plants (continued)
        Kelompok Usaha telah memperoleh hak                                       The Group has obtained the titles of the
        kepemilikan atas tanah perkebunan dalam                                   plantation land (“landrights”) under “Hak Guna
        bentuk sertifikat “Hak Guna Usaha” (“HGU“)                                Usaha” (“HGU”) certificates covering its
        mencakup wilayah perkebunan sebagai berikut:                              plantation area as follows: (continued)
        (lanjutan)
                                        Ha/
                                        Ha
            Nomor HGU/             (tidak diaudit                      Lokasi/                             Tanggal berakhir/
            HGU Number              /unaudited)                       Location                                End date

         PT Sawit Multi Utama
              67                     2.574,67                 Pedongatan,Nanga Koring,
                                                              Toka, Sepondam, Merambang,                     29 Mei 2052/
                                                              Batu Tunggal, Lamandau                         May 29, 2052

                68                    6.384,31                Pedongatan,Nanga Koring,
                                                              Toka, Sepondam, Merambang,                     29 Mei 2052/
                                                              Batu Tunggal, Lamandau                         May 29, 2052
        PT Menteng Kencana Mas
              1                         519,96                Pulang pisau                                 21 September 2053/
                                                                                                           September 21, 2053
                2                       956,93                Pulang pisau                                 21 September 2053/
                                                                                                           September 21, 2053
                3                       720,65                Pulang pisau                                 21 September 2053/
                                                                                                           September 21, 2053
                4                       398,50                Pulang pisau                                 21 September 2053/
                                                                                                           September 21, 2053
                5                        38,94                Pulang pisau                                 21 September 2053/
                                                                                                           September 21, 2053

        Manajemen       berpendapat bahwa     hak                                 Management believes that the landrights can
        kepemilikan atas tanah dapat diperpanjang                                 be extended upon their expiration dates.
        pada saat jatuh tempo.

  b.    Aset tetap                                                           b.   Fixed assets

         Pada tanggal 31 Desember 2024, 2023, dan                                 As of December 31, 2024, 2023, and 2022, the
         2022, rincian persentase penyelesaian dan                                details of percentage of completion and
         estimasi waktu penyelesaian untuk aset dalam                             estimated time of completion of constructions in
         penyelesaian adalah sebagai berikut:                                     progress were as follows:

         31 Desember 2024                                                                                        December 31, 2024

                                   Persentase
                                 jumlah tercatat
                                  terhadap nilai
                                     kontrak/         Persentase      Akumulasi          Estimasi
                                  Percentage of      penyelesaian/      biaya/        penyelesaian/
                                carrying amount     Percentage of    Accumulated        Estimated
                                to contract value     completion        costs          completion
        Bangunan                       2% - 99%         12% - 97%     115.687.162     Mei - Desember/May                       Buildings
                                                                                      - December 2025
        Prasarana                      3% - 97%          8% - 93%     117.480.549     Mei - Desember/May                 Infrastructures
                                                                                      - December 2025
        Mesin dan peralatan            4% - 95%         11% - 87%       6.318.408     Mei - Desember/May      Machinery and equipment
                                                                                      - December 2025

        Total                                                         239.486.119                                                 Total



                                                              68
Page 384
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                        STATEMENTS
            Tanggal 31 Desember 2024                                              As of December 31, 2024
           dan untuk tahun yang berakhir                                          and for year then ended
               pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
              kecuali dinyatakan lain)


11. ASET TETAP DAN TANAMAN PRODUKTIF                                 11. FIXED ASSETS               AND      BEARER         PLANTS
    (lanjutan)                                                           (continued)

  b.    Aset tetap (lanjutan)                                             b.   Fixed assets (continued)

         Pada tanggal 31 Desember 2024, 2023, dan                              As of December 31, 2024, 2023, and 2022, the
         2022, rincian persentase penyelesaian dan                             details of percentage of completion and
         estimasi waktu penyelesaian untuk aset dalam                          estimated time of completion of constructions in
         penyelesaian adalah sebagai berikut: (lanjutan)                       progress were as follows: (continued)

         31 Desember 2023                                                                                      December 31, 2023

                                   Persentase
                                 jumlah tercatat
                                  terhadap nilai
                                     kontrak/         Persentase      Akumulasi        Estimasi
                                  Percentage of      penyelesaian/      biaya/      penyelesaian/
                                carrying amount     Percentage of    Accumulated      Estimated
                                to contract value     completion        costs        completion
        Bangunan                       4% - 99%         12% - 97%     114.015.400   Maret - Desember/March                  Buildings
                                                                                    - December 2024
        Prasarana                      5% - 99%          8% - 93%      90.190.862   Maret - Desember/March            Infrastructures
                                                                                    - December 2024
        Mesin dan peralatan          27% - 60%          11% - 87%      31.816.180   Maret - Desember/March Machinery and equipment
                                                                                    - December 2024

        Total                                                         236.022.442                                              Total


         31 Desember 2022                                                                                      December 31, 2022

                                   Persentase
                                 jumlah tercatat
                                  terhadap nilai
                                     kontrak/         Persentase      Akumulasi        Estimasi
                                  Percentage of      penyelesaian/      biaya/      penyelesaian/
                                carrying amount     Percentage of    Accumulated      Estimated
                                to contract value     completion        costs        completion
         Bangunan                    50% - 75%          18% - 95%     112.987.714   Juni - Desember/June                    Buildings
                                                                                    - December 2023
         Prasarana                   56% - 82%          18% - 82%      42.605.677   Juli - Desember/July              Infrastructures
                                                                                    - December 2023
         Mesin dan peralatan         55% - 75%          18% - 62%      51.488.556   Oktober - Desember/March Machinery and equipment
                                                                                    - December 2024

         Total                                                        207.081.947                                              Total


         Pada tanggal 31 Desember 2024, aset tetap                             As of December 31, 2024, fixed assets used in
         yang digunakan dalam operasi Kelompok                                 the Group’s operation include fully depreciated
         Usaha meliputi aset tetap yang telah habis nilai                      fixed assets with acquisition costs totaling
         bukunya dengan nilai perolehan sebesar                                Rp1.013.551.063 (December 31, 2023:
         Rp1.013.551.063 (31 Desember 2023:                                    Rp958,666,456;     December        31,   2022:
         Rp958.666.456;      31     Desember      2022:                        Rp944,276,668).
         Rp944.276.668).




                                                              69
Page 385
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                             STATEMENTS
            Tanggal 31 Desember 2024                                                   As of December 31, 2024
           dan untuk tahun yang berakhir                                               and for year then ended
               pada tanggal tersebut                                              (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                              unless otherwise stated)
              kecuali dinyatakan lain)


11. ASET TETAP DAN TANAMAN PRODUKTIF                                     11. FIXED ASSETS               AND      BEARER          PLANTS
    (lanjutan)                                                               (continued)
  b.     Aset tetap (lanjutan)                                                 b.     Fixed assets (continued)

         Beban penyusutan aset tetap dibebankan ke                                    Depreciation of fixed assets were charged to the
         akun-akun berikut ini:                                                       following accounts:

                                                       Untuk tahun yang berakhir
                                                      pada Tanggal 31 Desember/
                                                   For the years ended December 31,
                                            2024                2023                    2022


       Beban pokok penjualan (Catatan 29)   210.989.242          192.215.540            180.297.478                 Cost of sales (Note 29)
       Beban umum dan administrasi                                                                     General and administrative expenses
         (Catatan 30)                        38.931.165           35.518.906             21.495.152                            (Note 30)

        Total                               249.920.407          227.734.446            201.792.630                                  Total



        Pada tanggal 31 Desember 2024, 2023, dan                                      As of December 31, 2024, 2023, and 2022,
        2022, tidak terdapat aset tetap yang tidak                                    there are no fixed assets which are not in use
        dipakai oleh Kelompok Usaha.                                                  by the Group.
        Selama 2024, 2023, dan 2022, tidak terdapat                                   During 2024, 2023, and 2022, there are no loss
        kerugian atas penghapusan aset tetap.                                         on written off fixed assets.

        Pada tanggal 31 Desember 2024, 2023 dan                                       On December 31, 2024, 2023 and 2022, MMS,
        2022, MMS, TSA, MPP, MKM, dan CBUT                                            TSA, MPP, MKM, and CBUT pledged its
        menjaminkan perkebunan, tanah, bangunan,                                      plantations, land, buildings, palm oil mill, the
        pabrik kelapa sawit, sarana dan prasarana dan                                 infrastructures and machinery thereon as
        mesin di atasnya untuk fasilitas pinjaman yang                                collaterals for loan facilities obtained by the
        diperoleh oleh Kelompok Usaha dari PT Bank                                    Group from PT Bank Negara Indonesia
        Negara Indonesia (Persero) Tbk (Catatan 21).                                  (Persero) Tbk (Note 21).

        Pada tanggal 31 Desember 2024, 2023, dan                                      On December 31, 2024, 2023, and 2022, the
        2022, Perseroan menjaminkan bangunan                                          Company pledged its office space as collaterals
        kantor untuk fasilitas kredit investasi dari                                  for investment credit facility obtained by the
        PT Bank Rakyat Indonesia (Persero) Tbk                                        Company from PT Bank Rakyat Indonesia
        (Catatan 21).                                                                 (Persero) Tbk (Note 21).

        Pada tanggal 31 Desember 2024, 2023, dan                                      On December 31, 2024, 2023, and 2022, CBUT
        2022, CBUT menjaminkan bangunan jetty dan                                     pledged its jetty building and part of the land
        sebagian tanah beserta bangunan di atasnya                                    along with the buildings on it owned by
        milik PT Surya Borneo Industri untuk fasilitas                                PT Surya Borneo Industri for investment credit
        kredit investasi dari PT Bank Rakyat Indonesia                                facility obtained by the Company from PT Bank
        (Persero) Tbk (Catatan 21).                                                   Rakyat Indonesia (Persero) Tbk (Note 21).

        Pada tanggal 31 Desember 2024, 2023, dan
        2022, Perseroan, KSA, dan SMU menjaminkan                                     On December 31, 2024, 2023, and 2022, the
        Perkebunan kelapa sawit, termasuk didalamnya                                  Company, KSA, and SMU guarantee oil palm
        tanah sebagaimana tertera dalam sertifikat Hak                                plantations, including land as stated in the
        Guna Usaha (“HGU”), tanaman, non-tanaman,                                     Cultivation Rights (“HGU”) certificate, plants,
        bangunan, sarana pelengkap, bangunan pabrik                                   non-plants, buildings, complementary facilities,
        sebagaimana tertera dalam sertifikat Hak Guna                                 factory buildings as stated in Building Use
        Bangunan (“HGB”) dan sebagian persediaan,                                     Rights (“HGB”) certificates and some
        piutang dan pendapatan usaha sehubungan                                       inventories, receivables and business income in
        dengan pinjaman Sindikasi (Catatan 21).                                       connection with Syndicated loans (Note 21).



                                                                 70
Page 386
                                                                                                  The original consolidated financial statements included herein
                                                                                                                                are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                                   PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                                    STATEMENTS
             Tanggal 31 Desember 2024                                                                          As of December 31, 2024
            dan untuk tahun yang berakhir                                                                      and for year then ended
                pada tanggal tersebut                                                                     (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                                     unless otherwise stated)
               kecuali dinyatakan lain)


 11. ASET TETAP DAN TANAMAN PRODUKTIF                                                           11. FIXED ASSETS                     AND         BEARER             PLANTS
     (lanjutan)                                                                                     (continued)

      b. Aset tetap (lanjutan)                                                                          b.   Fixed assets (continued)

            Pada tanggal 31 Desember 2024, 2023, dan                                                         As of December 31, 2024, 2023, and 2022,
            2022,    Perseroan        dan     entitas anak                                                   the Company and its subsidiaries insured
            mengasuransikan bangunan, mesin dan                                                              buildings, machinery and equipment, vehicles
            peralatan, kendaraan dan alat-alat berat,                                                        and heavy equipment, and furniture and
            perabotan dan perlengkapan atas risiko                                                           fixtures against losses from fire and other risks
            kebakaran dan risiko lainnya dengan jumlah                                                       under blanket policies with insurance coverage
            pertanggungan sebesar Rp4.580.525.107                                                            totaling Rp4,580,525,107 (December 31, 2023:
            (31 Desember 2023: Rp3.806.812.682; dan                                                          Rp3,806,812,682; and December 31, 2022:
            31 Desember 2022: Rp4.896.657.827)                                                               Rp4,896,657,827) which in the management’s
            menurut pendapat manajemen jumlahnya                                                             opinion, is adequate to cover possible losses
            cukup untuk menutup kemungkinan kerugian                                                         from such risks.
            yang timbul dari risiko-risiko tersebut.

            Manajemen berpendapat bahwa tidak ada                                                            The management believes that there is no
            indikasi penurunan nilai pada aset tetap dan                                                     indication of impairment in values for fixed
            tanaman produktif yang disajikan dalam                                                           assets and bearer plants presented in the
            laporan posisi keuangan pada tanggal 31                                                          consolidated statement of financial position as
            Desember 2024, 2023, dan 2022.                                                                   of December 31, 2024, 2023, and 2022.


12. ASET HAK GUNA DAN LIABILITAS SEWA, NETO                                                    12. RIGHT OF USE                           ASSETS          AND           LEASE
                                                                                                   LIABILITIES, NET
   Mutasi aset hak guna adalah sebagai berikut:                                                         The movement of right of use assets are as follows:

   Aset Hak Guna                                      Untuk tahun yang berakhir pada tanggal 31 Desember 2024/                                  Right of Use Assets
                                                                  For the year ended December 31, 2024

                                  Saldo                                                                                          Saldo
                                  Awal/                                                                                          Akhir/
                                Beginning        Penambahan/        Pengurangan/          Reklasifikasi/     Penyesuaian/       Ending
                                 Balance          Additions          Deductions         Reclassifications     Adjustment        Balance

   Biaya perolehan                                                                                                                                               Acquisition cost
   Prasarana                      17.187.752          2.451.186                    -                    -                   -    19.638.938                        Infrastructures
   Tanah                          17.987.200         12.000.895                    -                    -                   -    29.988.095                                 Lands
   Bangunan                       82.249.497                  -                    -                    -                   -    82.249.497                              Buildings
   Kendaraan dan alat berat       21.009.901          4.355.574                    -                    -                   -    25.365.475         Vehicle and heavy equipments

   Total biaya perolehan         138.434.350         18.807.655                    -                    -                   -   157.242.005                Total acquisition cost

   Akumulasi depresiasi                                                                                                                               Accumulated depreciation
   Prasarana                       (2.660.009)       (1.383.042 )                  -                    -                   -    (4.043.051 )                      Infrastructures
   Tanah                          (12.928.300)       (2.248.400 )                  -                    -                   -   (15.176.700 )                                Land
   Bangunan                       (12.992.555)      (14.348.239 )                  -                    -                   -   (27.340.794 )                            Buildings
   Kendaraan dan alat berat        (1.972.760)       (6.899.021 )                  -                    -                   -    (8.871.781 )       Vehicle and heavy equipments

   Total akumulasi depresiasi     (30.553.624)      (24.878.702 )                  -                    -                   -   (55.432.326 )     Total accumulated depreciation

   Nilai buku neto               107.880.726                                                                                    101.809.679                       Net book value


                                                      Untuk tahun yang berakhir pada tanggal 31 Desember 2023/
                                                                  For the year ended December 31, 2023

                                  Saldo                                                                                          Saldo
                                  Awal/                                Saldo                                                     Akhir/
                                Beginning        Penambahan/        Pengurangan/          Reklasifikasi/     Penyesuaian/       Ending
                                 Balance          Additions          Deductions         Reclassifications     Adjustment        Balance

   Biaya perolehan                                                                                                                                               Acquisition cost
   Prasarana                      11.435.716                  -                    -                    -        5.752.036       17.187.752                        Infrastructures
   Tanah                          17.987.200                  -                    -                    -                -       17.987.200                                 Lands
   Bangunan                                -         82.249.497                    -                    -                -       82.249.497                              Buildings
   Kendaraan dan alat berat                -         21.009.901                    -                    -                -       21.009.901         Vehicle and heavy equipments

   Total biaya perolehan          29.422.916        103.259.398                    -                    -        5.752.036      138.434.350                Total acquisition cost

   Akumulasi depresiasi                                                                                                                               Accumulated depreciation
   Prasarana                       (1.327.360)         (613.848 )                  -                    -         (718.801)      (2.660.009 )                      Infrastructures
   Tanah                          (10.679.900)       (2.248.400 )                  -                    -                -      (12.928.300 )                                Land
   Bangunan                                 -       (12.992.555 )                  -                    -                -      (12.992.555 )                            Buildings
   Kendaraan dan alat berat                 -        (1.972.760 )                  -                    -                -       (1.972.760 )       Vehicle and heavy equipments

   Total akumulasi depresiasi    (12.007.260)       (17.827.563 )                  -                    -         (718.801)     (30.553.624 )     Total accumulated depreciation

   Nilai buku neto                17.415.656                                                                                    107.880.726                       Net book value




                                                                                       71
Page 387
                                                                                                          The original consolidated financial statements included herein
                                                                                                                                        are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                                          PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                                                     AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                                           STATEMENTS
             Tanggal 31 Desember 2024                                                                                 As of December 31, 2024
            dan untuk tahun yang berakhir                                                                             and for year then ended
                pada tanggal tersebut                                                                            (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                                            unless otherwise stated)
               kecuali dinyatakan lain)


12. ASET HAK GUNA DAN LIABAILITAS SEWA,                                                               12. RIGHT OF USE ASSETS                                                 AND           LEASE
    NETO (lanjutan)                                                                                       LIABILITIES, NET (continued)

   Mutasi aset hak guna adalah sebagai berikut:                                                                The movement of right of use assets are as follows:
   (lanjutan)                                                                                                  (continued)

   Aset Hak Guna                                                         Untuk tahun yang berakhir pada tanggal 31 Desember 2022/                                 Right of Use Assets
                                                                         For the year ended December 31, 2022

                                  Saldo                                                                                                         Saldo
                                  Awal/                                                                                                         Akhir/
                                Beginning         Penambahan/              Pengurangan/          Reklasifikasi/        Penyesuaian/            Ending
                                 Balance           Additions                Deductions         Reclassifications        Adjustment             Balance

   Biaya perolehan                                                                                                                                                                  Acquisition cost
   Prasarana                       9.824.279                      -                       -                    -           1.611.437            11.435.716                            Infrastructures
   Tanah                           8.993.600              8.993.600                       -                    -                   -            17.987.200                                      Land

   Total biaya perolehan          18.817.879              8.993.600                       -                    -           1.611.437            29.422.916                     Total acquisition cost

   Akumulasi depresiasi                                                                                                                                                    Accumulated depreciation
   Prasarana                       (1.091.586)             (408.418 )                     -                    -             172.644             (1.327.360 )                         Infrastructures
   Tanah                           (8.431.500)           (2.248.400 )                     -                    -                                (10.679.900 )                                   Land

   Total akumulasi depresiasi      (9.523.086)           (2.656.818)                      -                    -             172.644           (12.007.260)          Total accumulated depreciation

   Nilai buku neto                 9.294.793                                                                                                    17.415.656                            Net book value




      Depresiasi                                                                                               Depreciation

      Beban depresiasi yang dibebankan ke operasi                                                              Depreciation expenses were charged to operations
      sebagai bagian dari berikut ini:                                                                         as part of the following:

                                               31 Desember 2024/               31 Desember 2023/                   31 Desember 2022/
                                               December 31, 2024               December 31, 2023                   December 31, 2022

      Beban pokok
        penjualan (Catatan 29)                              6.656.965                          1.824.180                                 -                           Cost of sales (Note 29)
      Beban umum dan                                                                                                                                              General and administrative
        Administrasi (Catatan 30)                         18.221.737                          16.003.383                     2.656.818                                  expenses (Note 30)

      Total                                               24.878.702                          17.827.563                     2.656.818                                                       Total



      Liabilitas Sewa                                                                                          Lease Liabilities
      Mutasi liabilitas sewa sehubungan dengan aset hak                                                        The movement of lease liabilities in relation to the
      guna adalah sebagai berikut:                                                                             right of use assets are as follows:


                                    1 Januari 2024/            Penambahan/           Beban bunga/              Pembayaran/             Penyesuaian/         31 Des 2024/
                                    January 1, 2024             Additions          Interest expenses            Payments                Adjustment          Dec 31, 2024

      Kelas aset pendasar                                                                                                                                                      Underlying assets
      Prasarana                             21.556.346             13.697.900                 3.146.574              (3.802.094)                       -        34.598.726          Infrastructures
      Bangunan                              39.073.393                      -                 3.636.783              (1.073.490)                                41.636.686                Buildings
      Kendaraan dan                                                                                                                                                            Vehicles and heavy
         alat berat                         17.054.282                 3.429.460              1.726.080              (8.046.956)                       -        14.162.866           equipment
       Total                                77.684.021             17.127.360                 8.509.437             (12.922.540)                       -        90.398.278                    Total




                                    1 Januari 2023/            Penambahan/           Beban bunga/              Pembayaran/             Penyesuaian/         31 Des 2023/
                                    January 1, 2023             Additions          Interest expenses            Payments                Adjustment          Dec 31, 2023

      Kelas aset pendasar                                                                                                                                                      Underlying assets
      Prasarana                             11.328.166                      -                 1.986.556                       -              8.241.624          21.556.346          Infrastructures
      Bangunan                                       -             36.785.818                 3.361.065              (1.073.490)                     -          39.073.393                Buildings
      Kendaraan dan                                                                                                                                                            Vehicles and heavy
         alat berat                                  -             19.007.092                  525.565               (2.478.375)                       -        17.054.282           equipment
       Total                                11.328.166             55.792.910                 5.873.186              (3.551.865)             8.241.624          77.684.021                    Total




                                                                                              72
Page 388
                                                                                            The original consolidated financial statements included herein
                                                                                                                          are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                             PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                              STATEMENTS
           Tanggal 31 Desember 2024                                                                    As of December 31, 2024
          dan untuk tahun yang berakhir                                                                and for year then ended
              pada tanggal tersebut                                                               (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                               unless otherwise stated)
             kecuali dinyatakan lain)


12. ASET HAK GUNA DAN LIABILITAS SEWA,                                                  12. RIGHT OF USE ASSETS                                              AND           LEASE
    NETO (lanjutan)                                                                         LIABILITIES, NET (continued)

    Liabilitas Sewa (lanjutan)                                                                 Lease Liabilities (continued)
    Mutasi liabilitas sewa sehubungan dengan aset hak                                          The movement of lease liabilities in relation to the
    guna adalah sebagai berikut: (lanjutan)                                                    right of use assets are as follows: (continued)

                            1 Januari 2022/         Penambahan/          Beban bunga/           Pembayaran/             Penyesuaian/       31 Des 2022/
                            January 1, 2022          Additions         Interest expenses         Payments                Adjustment        Dec 31, 2022

     Kelas aset pendasar                                                                                                                                      Underlying assets
     Prasarana                  10.917.306               1.739.438            1.086.843            (2.415.421)                         -    11.328.166            Infrastructures
     Tanah                               -               8.993.600                    -            (8.993.600)                         -             -                      Land
     Total                      10.917.306             10.733.038             1.086.843           (11.409.021)                         -     11.328.166                      Total




     Utang sewa berdasarkan jangka waktu:                                                      Lease payables on time basis:

                                    31 Desember 2024/              31 Desember 2023/             31 Desember 2022/
                                    December 31, 2024              December 31, 2023             December 31, 2022

     Jangka pendek                               13.604.681                  13.138.714                     1.207.710                                        Current portion
     Jangka panjang                              76.793.597                  64.545.307                    10.120.456                                     Non-current portion

     Total                                       90.398.278                  77.684.021                    11.328.166                                                       Total



     Selama tahun 2024, 2023, dan 2022, nilai sewa                                               For the year 2024, 2023, and 2022, the rental value
     atas aset bernilai rendah dan sewa jangka pendek                                            of low-value assets and short-term leases was
     adalah sebesar Rp160.959.129, Rp120.949.648,                                                recorded of Rp160,959,129, Rp120,949,648, and
     dan Rp102.750.794 yang dicatat pada laporan laba                                            Rp102,750,794, respectively, in the consolidated
     rugi   dan penghasilan komprehensif          lain                                           statement of profit or loss and other comprehensive
     konsolidasian.                                                                              income.

13. ASET TAK BERWUJUD, NETO                                                             13. INTANGIBLE ASSETS, NET

                                                    Untuk tahun yang berakhir pada tanggal 31 Desember 2024/
                                                              For the year ended December 31, 2024

                            Saldo 1 Jan 2024/                                                                         Saldo 31 Des 2024/
                                Balance             Penambahan/          Pengurangan/          Reklasifikasi/             Balance
                               Jan 1, 2024           Additions            Deductions          Reclassifications         Dec 31, 2024

  Biaya perolehan                                                                                                                                                  Acquisition cost
  Lisensi perangkat lunak         20.702.902                       -                    -                         -          20.702.902                            Software licenses

  Jumlah biaya perolehan          20.702.902                       -                    -                         -          20.702.902                       Total acquisition cost

  Akumulasi amortisasi                                                                                                                                    Accumulated amortization
  Lisensi perangkat lunak         (14.114.080)           (2.690.756)                    -                         -         (16.804.836)                          Software licenses

  Nilai buku neto                  6.588.822                                                                                  3.898.066                             Net book value


                                                    Untuk tahun yang berakhir pada tanggal 31 Desember 2023/
                                                              For the year ended December 31, 2023

                            Saldo 1 Jan 2023/                                                                         Saldo 31 Des 2023/
                                Balance             Penambahan/          Pengurangan/          Reklasifikasi/             Balance
                               Jan 1, 2023           Additions            Deductions          Reclassifications         Dec 31, 2023

  Biaya perolehan                                                                                                                                                  Acquisition cost
  Lisensi perangkat lunak         20.376.037                326.865                     -                         -          20.702.902                            Software licenses

  Jumlah biaya perolehan          20.376.037                326.865                     -                         -          20.702.902                       Total acquisition cost

  Akumulasi amortisasi                                                                                                                                    Accumulated amortization
  Lisensi perangkat lunak         (10.668.238)           (3.445.842)                    -                         -         (14.114.080)                          Software licenses

  Nilai buku neto                  9.707.799                                                                                  6.588.822                             Net book value




                                                                            73
Page 389
                                                                                                          The original consolidated financial statements included herein
                                                                                                                                        are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                                            PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                                             STATEMENTS
           Tanggal 31 Desember 2024                                                                                   As of December 31, 2024
          dan untuk tahun yang berakhir                                                                               and for year then ended
              pada tanggal tersebut                                                                              (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                                              unless otherwise stated)
             kecuali dinyatakan lain)


13. ASET TAK BERWUJUD, NETO (lanjutan)                                                                13. INTANGIBLE ASSETS, NET (continued)

                                                                 Untuk tahun yang berakhir pada tanggal 31 Desember 2022/
                                                                           For the year ended December 31, 2022

                                           Saldo 1 Jan 2022/                                                                          Saldo 31 Des 2022/
                                               Balance           Penambahan/           Pengurangan/            Reklasifikasi/             Balance
                                              Jan 1, 2022         Additions             Deductions            Reclassifications         Dec 31, 2022

  Biaya perolehan                                                                                                                                                               Acquisition cost
  Lisensi perangkat lunak                         12.639.087           2.131.444                      -               5.605.506              20.376.037                         Software licenses
  Lisensi perangkat lunak
         dalam pengembangan                        5.605.506                       -                  -              (5.605.506)                       -

  Jumlah biaya perolehan                          18.244.593           2.131.444                      -                           -          20.376.037                    Total acquisition cost

  Akumulasi amortisasi                                                                                                                                                 Accumulated amortization
  Lisensi perangkat lunak                         (6.919.503)         (3.748.735)                     -                           -         (10.668.238)                       Software licenses

  Nilai buku neto                                 11.325.090                                                                                  9.707.799                          Net book value




   Amortisasi lisensi perangkat lunak dibebankan ke                                                             Amortization of sofware licenses are charged to
   akun beban umum dan administrasi (Catatan 30).                                                               general and administrative expense (Note 30).


14. INVESTASI                 SAHAM                PADA           PERSEROAN                           14. INVESTMENT IN SHARES OF ASSOCIATED
    ASOSIASI                                                                                              COMPANIES

   Kelompok Usaha memiliki saldo investasi pada                                                                  The Group owned investments as of
   tanggal 31 Desember 2024, 2023, dan 2022 dengan                                                               December 31, 2024, 2023, and 2022 as follows:
   rincian sebagai berikut:

                                                   %              Nilai tercatat         Penambahan                   Bagian laba/                                        Nilai tercatat
                                               kepemilikan/       1 Jan 2024/           (pengurangan)/                   (rugi)/                  Dampak dilusi/       31 Desember 2024/
                                                  % of          Carrying amount            Addition/                   Share of                     Impact on           Carrying amount
                                                ownership         Jan 1, 2024             (deduction)                 profit/(loss)                  dilution          December 31, 2024

   Perseroan asosiasi/
   Associated companies
      Metode ekuitas/Equity method
      PT Surya Borneo Industri
          Kawasan Industri/Industrial estate         49%              591.891.284                         -                 (41.471.541)                           -            550.419.743




                                                   %              Nilai tercatat         Penambahan                   Bagian laba/                                        Nilai tercatat
                                               kepemilikan/       1 Jan 2023/           (pengurangan)/                   (rugi)/                  Dampak dilusi/       31 Desember 2023/
                                                  % of          Carrying amount            Addition/                   Share of                     Impact on           Carrying amount
                                                ownership         Jan 1, 2023             (deduction)                 profit/(loss)                  dilution          December 31, 2023

   Perseroan asosiasi/
   Associated companies
      Metode ekuitas/Equity method
      PT Surya Borneo Industri
          Kawasan Industri/Industrial estate         49%              645.231.496                         -                 (53.340.212)                           -            591.891.284




                                                   %              Nilai tercatat         Penambahan                   Bagian laba/                                        Nilai tercatat
                                               kepemilikan/       1 Jan 2022/           (pengurangan)/                   (rugi)/                  Dampak dilusi/       31 Desember 2022/
                                                  % of          Carrying amount            Addition/                   Share of                     Impact on           Carrying amount
                                                ownership         Jan 1, 2022             (deduction)                 profit/(loss)                  dilution          December 31, 2022

   Perseroan asosiasi/
   Associated companies
      Metode ekuitas/Equity method
      PT Surya Borneo Industri
          Kawasan Industri/Industrial estate         49%              682.582.231                         -                 (37.350.735)                           -            645.231.496




   SBI merupakan Perseroan swasta tertutup yang                                                                 SBI is a private companies in which there are no
   tidak terdapat harga pasar saham kuotasian yang                                                              quoted market share prices available.
   tersedia.




                                                                                          74
Page 390
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                        STATEMENTS
          Tanggal 31 Desember 2024                                              As of December 31, 2024
         dan untuk tahun yang berakhir                                          and for year then ended
             pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
            kecuali dinyatakan lain)


14. INVESTASI    SAHAM        PADA      PERSEROAN                14. INVESTMENT IN SHARES OF ASSOCIATED
    ASOSIASI (lanjutan)                                              COMPANIES (continued)

   Tabel berikut menyajikan informasi keuangan atas                     The following table illustrates summarized financial
   entitas asosiasi:                                                    information of associated companies:

                              31 Desember 2024/    31 Desember 2023/     31 Desember 2022/
                              December 31, 2024    December 31, 2023     December 31, 2022

   PT Surya Borneo Industri                                                                            PT Surya Borneo Industri
    Total aset                      955.875.645        1.035.551.441         1.336.902.644                       Total assets
    Total liabilitas                803.807.616          799.159.824           990.813.030                     Total liabilities
    Total pendapatan                136.237.461          151.910.067            99.511.467                     Total revenue
    Total rugi bersih               (84.635.776)        (108.856.753)          (76.225.988)                  Total net losses
    Total penghasilan                                                                                             Total other
       komprehensif lainnya                   -                    -              (120.661)          comprehensive income


   PT Surya Borneo Industri (“SBI”)                                       PT Surya Borneo Industri (“SBI”)

   Berdasarkan Perjanjian Fasilitas Pinjaman dari BNI                     Based on Credit Facilities agreements from BNI
   kepada SBI pada tanggal 4 Mei 2018 dan                                 to SBI dated May 4, 2018 and May 21,2018, the
   21 Mei 2018, Perseroan, sebagai salah satu                             Company, as a shareholder of SBI, pledged its
   pemegang saham SBI, menjaminkan saham yang                             share ownership in SBI for loan facilities obtained
   dimiliki pada SBI untuk fasilitas pinjaman SBI yang                    by SBI from BNI.
   diperoleh dari BNI.

   Pada tanggal 31 Desember 2024 dan 2023, Tanah                          On December 31, 2024, and 2023, land owned by
   milik SBI dijadikan jaminan sehubungan dengan                          SBI was used as collateral in relation with the
   fasilitas pinjaman CBUT di PT Bank Rakyat                              CBUT’s loan facility at PT Bank Rakyat Indonesia
   Indonesia Tbk. (Persero) (Catatan 21).                                 Tbk. (Persero) (Note 21).

   Pada tanggal 1 November 2023, pinjaman tersebut                        On November 1, 2023, the loan has been fully
   telah dilunasi seluruhnya.                                             settled.

15. PIUTANG PLASMA                                               15. PLASMA RECEIVABLES

   Akun ini merupakan akumulasi biaya-biaya yang                        This account represents the accumulated costs
   dikeluarkan oleh Kelompok        Usaha untuk                         incurred by the Group for the development of
   pengembangan perkebunan kelapa sawit milik                           plasma’s oil palm plantation which will be repaid by
   plasma yang akan dibayar kembali oleh petani                         the plasma farmers or the villagers when the plasma
   plasma atau masyarakat desa pada saat                                plantation produces FFB based on agreements
   perkebunan plasma telah menghasilkan TBS sesuai                      between the Group and the plasma farmers or the
   dengan kesepakatan antara Kelompok Usaha                             villagers. During year ended December 31, 2024,
   dengan petani plasma atau masyarakat desa.                           interest charged on the plasma receivables at the
   Selama     tahun      yang    berakhir    pada                       rate of 8.5% (December 31, 2023: 9.25% and
   31 Desember 2024, piutang plasma dikenai bunga                       December 31, 2022: from 9.25% to 10%) per
   sebesar 8,5% (31 Desember 2023: 9,25% dan                            annum.
   31 Desember 2022: 9,25% sampai 10%) per tahun.

   Pendapatan bruto petani plasma atau masyarakat                       Gross revenues of the plasma farmers or the
   desa akan dipotong dengan biaya cicilan pokok dan                    villagers would be deducted by 35% for the
   bunga atas pinjaman investasi pembangunan kebun                      repayments of principal and interest on investment
   sebesar 35%, biaya pemeliharaan dan perawatan                        loan for plantation development, maximum of 30%
   maksimal sebesar 30% dan biaya jasa pengelolaan                      for maintenance and upkeep cost and a service fee
   kebun sebesar 5%. Pendapatan petani plasma atau                      of 5% to manage the plantations’ operation. Income
   masyarakat desa sebelum pelunasan pinjaman                           of the plasma farmers or the villagers before the
   diperkirakan sebesar 30% dari pendapatan bruto.                      settlement of the loan is estimated at 30% of gross
                                                                        revenues.



                                                         75
Page 391
                                                                                                              The original consolidated financial statements included herein
                                                                                                                                            are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                                               PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                                                STATEMENTS
             Tanggal 31 Desember 2024                                                                                      As of December 31, 2024
            dan untuk tahun yang berakhir                                                                                  and for year then ended
                pada tanggal tersebut                                                                                 (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                                                 unless otherwise stated)
               kecuali dinyatakan lain)


15. PIUTANG PLASMA (lanjutan)                                                                              15. PLASMA RECEIVABLES (continued)

    Perkebunan Plasma                                                                                              Plasma Plantations

    Dibawah ini adalah informasi kelompok tani dan                                                                 Below are information of farmers and villagers,
    masyarakat desa yang mempunyai piutang plasma                                                                  which have plasma receivables above Rp500,000.
    diatas Rp500.000.

    Kelompok Tani                                                                                                  Farmers
                                                                             Luas kebun       Luas yang dikelola
                                                                            dalam Hektar/       dalam Hektar/
                                                                              Estate area       Managed area                               Saldo per           Saldo per           Saldo per
                                                                               in Hectare          in Hectare                         31 Desember 2024/    31 Desember 2023/   31 Desember 2022/
                                   Nama plasma/       Tanggal Perjanjian/   (tidak diaudit/     (tidak diaudit/     Tahun berlaku/       Balance as of       Balance as of       Balance as of
    Entitas/Parties                Plasma name        Date of agreement       unaudited)          unaudited)           Valid for       December 31, 2024   December 31, 2023   December 31, 2022

    Perseroan/The Company           Kelompok Tani         13 Mei 2013/                                                   25 Tahun/
                                     Sepakat Jaya         May 13, 2013                  257                257            25 Years            38.445.311         30.536.564          23.365.179

                                   Kelompok Tani      24 Desember 2018/                                                  25 Tahun/
                                  Sumber Harapan      December 24, 2018                 286                286            25 Years             5.690.201          5.677.041           5.627.983

                                          Koperasi    2 September 2013/                                                  25 Tahun/
                                       Ardhamewa      September 2, 2013                  97                 97            25 Years             4.807.294          5.152.005           5.878.135

                                    Kelompok Tani      28 Agustus 2015/                                                  25 Tahun/
                                     Putra Sulung       August 28, 2015                  53                 53            25 Years             2.599.314          2.712.158           2.816.983

                                   Kelompok Tani      1 Nopember 2016/                                                   25 Tahun/
                                 Karya Tani Tebok     November 1, 2016                   93                 93            25Years              2.433.072          1.993.825           1.471.021

                                   Kelompok Tani      28 Agustus 2015/                                                   25 Tahun/
                                  Cahaya Harapan        August 28, 2015                  33                 33            25 Years              761.240           1.114.882           1.479.510

                                  Masyarakat Desa          9 April 2015/                                                 25 Tahun/
                                        Kenambui           April 9, 2015                  8                  7            25 Years             1.265.096          1.237.050           1.092.852

                                    Kelompok Tani           1 Juni 2015/                                                 25 Tahun/
                                     Tani Makmur           June 1, 2015                  58                 58            25 Years              860.850             926.462            962.014

                                    Kelompok Tani      3 Februari 2015/                                                  25 Tahun/
                                    Sinar Harapan      February 3, 2015                  56                 56            25 Years              460.312             479.938            616.812

  PT Kalimantan Sawit Abadi      Koperasi Kondang
                                    Maju Bersama       3 Februari 2015/                                                  25 Tahun/
                                   Desa Kondang        February 3, 2015                  53                 53            25 Years              783.273           4.837.794           4.428.828

  PT Mitra Mendawai Sejati          Kelompok Tani          11 Juni 2015/                                                 25 Tahun/
                                       Sawit Raya         June 11, 2015                 185                185            25 Years            10.668.551          9.779.848           7.992.270

                                          Koperasi        16 April 2013/                                                 25 Tahun/
                                   Citra Mua Sejati       April 16, 2013                103                103            25 Years             7.889.936          8.723.472           8.169.090

                                    Kelompok Tani       18 Januari 2017/                                                 25 Tahun/
                                      Kundur Jaya      January 18, 2017                 121                121            25 Years             3.547.000          3.241.956           2.988.982

                                    Kelompok Tani         11 April 2015/                                                 25 Tahun/
                                     Rabing Raya          April 11, 2015                 81                 81            25 Years             2.492.792          2.254.591           1.897.895

                                          Koperasi      7 Oktober 2014/                                                  25 Tahun/
                                 Mitra Bina Suayap      October 7, 2014                  27                 27            25 Years             2.244.149          2.170.747           1.720.844

                                    Kelompok Tani      11 Januari 2018/                                                  25 Tahun/
                                        Hasanudin      Januari 18, 2018                 132                132            25 Years             1.993.046          1.906.157           1.779.081

                                   Kelompok Tani        05 Januari 2015/                                                 25 Tahun/
                                 Sungai P. Mandiri     January 05, 2015                  55                 55            25 Years             1.862.857          1.785.675           1.695.499

                                   Kelompok Tani       16 Oktober 2017/                                                  25 Tahun/
                                  Umpang Bersatu       October 16, 2017                  72                 72            25 Years             1.598.394          1.481.508           1.295.780

                                    Kelompok Tani            6 Juli 2017/                                                25 Tahun/
                                 Mitra Runtu Sejati         July 6, 2017                 83                 83            25 Years              968.941             939.529            890.951

                                     Kelompok Tani          6 Juli 2017/                                                 25 Tahun/
                              Mitra Runtu Sejahtera       July 06, 2017                  50                 50            25 Years              880.353             830.650            774.972

  PT Tanjung Sawit Abadi                 Koperasi         30 Mei 2014/                                                   25 Tahun/
                                 Melata Jaya Indah        May 30, 2014                  341                341            25 Years              797.615          26.761.583          24.291.380

                                          Koperasi          8 Juni 2012/                                                 25 Tahun/
                                 Seluai Jaya Abadi         June 8, 2012                 345                345            25 Years             2.654.818         19.375.537          18.672.389

                                         Koperasi     27 September 2013/                                                 25 Tahun/
                                      Maraga Jaya     September 27, 2013                314                314            25 Years             1.324.551         18.650.572          14.685.080

                                         Koperasi      23 Agustus 2013/                                                  25 Tahun/
                                  Batu Dara Omas        August 23, 2013                 161                161            25 Years              584.223          11.249.947           8.864.980

                                 Koperasi Harapan     14 Februari 2014/                                                  25 Tahun/
                                   Bersama Abadi      February 14, 2014                  25                 16            25 Years             2.859.037          1.939.628           1.549.471

  PT Menteng Kencana Mas                  Koperasi    18 Desember 2017/                                                  25 Tahun/
                                        Sumber Air    December 18, 2017               1.425              1.392            25 Years           197.082.101        248.470.850         180.259.733

                                    Koperasi Sawit         12 Juni 2018/                                                 25 Tahun/
                                    Maliku Mandiri        June 12, 2018                 852                491            25 Years           110.684.747         90.586.657          73.852.917

                                  Koperasi Tarung      21 Februari 2022/                119                118            25 Tahun/
                                         Manuah        February 21, 2022                                                   25 Years            7.890.757         5.322.046            2.426.429


  Saldo dilanjutkan/
  Balance carried forward                                                                                                                    416.129.831        510.138.672         401.547.060




                                                                                               76
Page 392
                                                                                                                The original consolidated financial statements included herein
                                                                                                                                              are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                                                                  PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                                                             AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                                                                   STATEMENTS
              Tanggal 31 Desember 2024                                                                                         As of December 31, 2024
             dan untuk tahun yang berakhir                                                                                     and for year then ended
                 pada tanggal tersebut                                                                                    (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                                                                    unless otherwise stated)
                kecuali dinyatakan lain)


15. PIUTANG PLASMA (lanjutan)                                                                                15. PLASMA RECEIVABLES (continued)

    Perkebunan Plasma (lanjutan)                                                                                       Plasma Plantations (continued)

    Dibawah ini adalah informasi kelompok tani dan                                                                     Below are information of farmers and villagers,
    masyarakat desa yang mempunyai piutang plasma                                                                      which have plasma receivables above Rp500,000.
    diatas Rp500.000. (lanjutan)                                                                                       (continued)

    Masyarakat                                                                                                         Villagers
                                                                               Luas kebun       Luas yang dikelola
                                                                              dalam Hektar/       dalam Hektar/
                                                                                Estate area       Managed area                                Saldo per                Saldo per            Saldo per
                                                                                 in Hectare          in Hectare                          31 Desember 2024/         31 Desember 2023/    31 Desember 2022/
                                      Nama plasma/      Tanggal Perjanjian/   (tidak diaudit/     (tidak diaudit/       Tahun berlaku/      Balance as of            Balance as of        Balance as of
  Entitas/Parties                     Plasma name       Date of agreement       unaudited)          unaudited)             Valid for      December 31, 2024        December 31, 2023    December 31, 2022


  Saldo dilanjutkan/
  Balance brought forward                                                                                                                         416.129.831           510.138.672          401.547.060

  PT Sawit Multi Utama              Koperasi Pusaka         13 Mei 2014/                                                     25 Tahun/
                                      Bulau Sahabun         May 13, 2014                  387                360              25 Years              5.120.350            31.113.319           32.881.057

                                           Koperasi         21 Mei 2012/                                                     25 Tahun/
                                    Bina Semua Jaya         May 21, 2012                  416                416              25 Years             19.390.258            26.994.355           23.507.412

                                            Koperasi    10 September 2013/                                                   25 Tahun/
                                       Rimba Baguna     September 10, 2013                140                140              25 Years              6.140.413            13.396.392           14.511.389

                                            Koperasi    10 September 2013/                                                   25 Tahun/
                                 Natai Suka Sejahtera   September 10, 2013                136                119              25 Years              4.308.085             8.378.336            5.870.123

                                    Koperasi Harapan     13 Oktober 2014/                                                    25 Tahun/
                                    Makmur Bersama       October 13, 2014                 243                215              25 Years                969.596             4.260.528            1.489.977

  PT Kalimantan Sawit Abadi          Masyarakat Desa           1 Juli 2013/                                                  25 Tahun/
                                          Natai Baru          July 1, 2013                 10                 10              25 Years              1.398.003             1.338.223            1.102.792

                                     Masyarakat Desa        4 Maret 2015/                                                    25 Tahun/
                                            Kondang         March 4, 2015                  10                 10              25 Years                514.362               641.992             620.202

  PT Sawit Multi Utama               Masyarakat Desa           1 Juli 2013/                                                  25 Tahun/
                                        Nanga Koring          July 1, 2013                 10                 10              25 Years                       -              677.833             728.501

                                     Masyarakat Desa          1 Juni 2015/                                                   25 Tahun/
                                          Sepondam           June 1, 2015                   9                  5              25 Years                       -              632.940             699.889

  PT Tanjung Sawit Abadi             Masyarakat Desa         18 Juni 2012/                                                   25 Tahun/
                                             Topalan        June 18, 2012                  10                 10              25 Years                738.929               788.669             867.356

                                     Masyarakat Desa         18 Juni 2012/                                                   25 Tahun/
                                         Batu Ampar         June 18, 2012                   8                  8              25 Years                828.309               768.919             646.660

  Lain-lain/
  Others                                                                                                                                           19.465.801            26.682.305           21.064.623

                                                                                                                                                  475.033.937           625.812.483          505.537.041
  Dikurangi dengan penyisihan penurunan nilai/
  Less allowance for impairment                                                                                                                   (27.755.873)          (37.274.799 )                  -

                                                                                                                                                  447.278.064           588.537.684          505.537.041




  Mutasi atas penyisihan penurunan nilai piutang                                                                       Movements in the allowance for declining in value
  plasma adalah sebagai berikut:                                                                                       of plasma receivables are as follows:

                                                        31 Desember 2024/              31 Desember 2023/                31 Desember 2022/
                                                        December 31, 2024              December 31, 2023                December 31, 2022

    Saldo awal                                                       37.274.799                                    -                          -                                   Beginning Balance
    Penghapusan penyisihan atas                                                                                                                                  Write-off of allowance for declining
      penurunan nilai piutang plasma                                (7.917.474)                                    -                         -                   in value of plasma receivables
                                                                                                                                                                  (Recovery)/additions of allowance
    (Pemulihan)/tambahan penyisihan atas                                                                                                                                        for impairment of
      penurunan nilai piutang plasma                                 (1.601.452)                  37.274.799                                  -                              plasma receivables

      Saldo akhir                                                   27.755.873                    37.274.799                                  -                                         Ending balance



    Berdasarkan penelaahan atas piutang plasma dari                                                                    Based on a review of the plasma receivables of
    tiap-tiap proyek pada tanggal 31 Desember 2024,                                                                    each project as of December 31, 2024, 2023, and
    2023, dan 2022, manajemen berkeyakinan bahwa                                                                       2022, management believes that the allowance for
    penyisihan atas penurunan nilai piutang plasma                                                                     impairment of plasma receivables is sufficient to
    sudah cukup untuk menutup kerugian yang timbul                                                                     cover the possible losses due to the allowance for
    akibat adanya penurunan nilai piutang plasma.                                                                      impairment of plasma receivables.



                                                                                                 77
Page 393
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                              STATEMENTS
          Tanggal 31 Desember 2024                                                    As of December 31, 2024
         dan untuk tahun yang berakhir                                                and for year then ended
             pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
            kecuali dinyatakan lain)


15. PIUTANG PLASMA (lanjutan)                                           15. PLASMA RECEIVABLES (continued)

   Perkebunan Plasma (lanjutan)                                               Plasma Plantations (continued)

   Beberapa entitas anak Perseroan memberikan                                 Certain subsidiaries of the Company's provided
   penjaminan atas fasilitas dari perbankan yang                              guarantees for banking facilities obtained by
   diperoleh       beberapa            kelompok      tani                     several farmer groups ("Cooperatives/Plasma").
   ("Koperasi/Plasma"). Selain jaminan dari beberapa                          Beside the guarantees from certain subsidiaries,
   entitas anak, fasilitas ini juga dijamin dengan kebun                      this facility is also guaranteed by the oil palm
   kelapa sawit milik masing-masing Koperasi.                                 plantation owned by each Cooperative.

16. ASET LANCAR LAINNYA                                                 16. OTHER CURRENT ASSETS
                                      31 Desember 2024/   31 Desember 2023/    31 Desember 2022/
                                      December 31, 2024   December 31, 2023    December 31, 2022

    Aset lancar lainnya                                                                                           Other current assets
    Pihak ketiga                                                                                                            Third parties
    Bank yang dibatasi penggunaannya                                                                            Restricted cash in banks
       PT Bank Rakyat Indonesia                                                                              PT Bank Rakyat Indonesia
          (Persero) Tbk                     632.505.544                   -                    -                       (Persero) Tbk
       PT Bank Negara Indonesia                                                                              PT Bank Negara Indonesia
          (Persero) Tbk                               -         888.190.872                    -                       (Persero) Tbk
       Lain-lain                             11.262.119                   -                    -                                Others

    Total aset lancar lainnya               643.767.663         888.190.872                    -               Total other current assets


    Aset tidak lancar lainnya                                                                                 Other non-current assets
    Pihak berelasi (Catatan 33a)                                                                                Related party (Note 33a)
    Deposit sewa gedung                       7.577.280           7.577.280            7.577.280                  Building rental deposits
    Uang muka sewa gedung kantor                      -                   -           40.982.771      Advances for rental of office building
    Uang muka aset tetap                              -                   -            1.625.000                 Advance for fixed assets

                                              7.577.280           7.577.280           50.185.051

    Pihak ketiga                                                                                                              Third parties
    Uang muka pembelian aset tetap          134.950.607         122.261.887           72.490.537   Advances for purchasing of fixed assets
    Deposito yang dibatasi penggunaannya      6.007.575           6.007.575            6.007.575                  Restricted time deposits
    Uang jaminan                                      -           3.170.277            3.235.057                         Security deposits
    Upfront fee untuk pinjaman bank                   -                   -            8.750.000                Upfront fee for Bank Loan
    Lain-lain                                 3.167.767             340.032              661.253                                    Others

    Total aset tidak lancar lainnya         151.703.229         139.357.051          141.329.473          Total other non-current assets


   Bank yang dibatasi penggunaannya                                           Restricted cash in banks
   Pada tanggal 12 Juli 2023, Pemerintah Republik                             On July 12, 2023, the Government of the
   Indonesia mengeluarkan Peraturan Pemerintah No.                            Republic of Indonesia issued Government
   36 Tahun 2023 yang mengatur tentang devisa hasil                           Regulation No. 36 of 2023 which regulates the
   ekspor, valuta asing dan pembayaran impor untuk                            cash proceeds from export sales, foreign
   bisnis di sektor pertambangan, perkebunan,                                 exchange and import payments for business
   kehutanan, dan perikanan.                                                  in mining, plantation, forestry, and fishery
                                                                              sectors.

   Berdasarkan Peraturan Pemerintah tersebut, 30%                             Based on this Government Regulation, 30% of
   dari devisa hasil ekspor, dengan nilai ekspor paling                       the cash proceeds from export sales that have
   sedikit AS$250.000 atau ekuivalennya, wajib                                export values of at least US$250,000 or its
   ditempatkan ke dalam rekening khusus dengan                                equivalent stated in an export customs
   jangka waktu paling singkat tiga bulan. Peraturan ini                      declaration must be placed in the special account
   berlaku efektif sejak tanggal 1 Agustus 2023. CBUT                         for a holding period of at least three months. This
   telah melaksanakan kewajiban untuk menempatkan                             regulation became effective on 1 August 2023.
   Devisa Hasil Ekspor Sumber Daya Alam (DHE SDA)                             CBUT has carried out the obligation to place
   ke dalam rekening khusus dan disajikan sebagai                             Devisa Hasil Ekspor Sumber Daya Alam (DHE
   bagian dari "Bank yang dibatasi penggunaannya"                             SDA) into the special accounts and are
   dalam laporan posisi keuangan konsolidasian.                               presented as part of “Restricted cash in bank” in
                                                                              the consolidated statements of financial position.
                                                                78
Page 394
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                             STATEMENTS
          Tanggal 31 Desember 2024                                                   As of December 31, 2024
         dan untuk tahun yang berakhir                                               and for year then ended
             pada tanggal tersebut                                              (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                              unless otherwise stated)
            kecuali dinyatakan lain)


16. ASET LANCAR LAINNYA (lanjutan)                                     16. OTHER CURRENT ASSETS (continued)

   Bank yang dibatasi penggunaannya (lanjutan)                               Restricted cash in banks (continued)

   Bank yang dibatasi penggunaannya digunakan                                Restricted cash in bank were pledged as
   sebagai jaminan atas pinjaman bank (Catatan 21).                          collateral for bank loans (Note 21).

   Deposito yang dibatasi penggunaannya                                      Restricted time deposits
   Pada tanggal 31 Desember 2024, 2023, dan 2022,                            As of December 31, 2024, 2023, and 2022, a
   deposito yang dibatasi penggunaannya merupakan                            restricted time deposit represented a time deposit
   deposito yang ditempatkan pada PT Bank Rakyat                             placed in PT Bank Rakyat Indonesia (Persero)
   Indonesia (Persero) Tbk. (BRI) yang digunakan                             Tbk. (BRI) which was restricted to use due to it
   sebagai jaminan atas pinjaman Perseroan kepada                            was pledged for the Company loan to BRI. (Note
   BRI. (Catatan 21)                                                         21)

   Uang muka pembelian aset tetap                                            Advances for purchasing of fixed assets

   Pada tanggal 31 Desember 2024, uang muka                                  As of December 31, 2024, advances for
   pembelian aset tetap merupakan uang muka                                  purchasing of fixed assets are related to
   sehubungan dengan penyelesaian pembangunan                                completion of the construction of oil storage tank
   tangki penyimpanan minyak di Tempenek dan uang                            in Tempenek and advance for purchasing of
   muka pembelian atas perabotan dan peralatan.                              furnitures and equipment.

   Upfront fee untuk pinjaman bank                                            Upfront fee for Bank Loan
   Pada tanggal 31 Desember 2022, komisi dibayar di                          As of December 31, 2022, the upfront fee for bank
   muka untuk pinjaman bank merupakan upfront fee                            loan represents the upfront fee paid by the
   yang dibayarkan oleh Perseroan sehubungan                                 Company in connection with the Syndicated Loan
   dengan Pinjaman Sindikasi yang ditarik pada bulan                         drawn in December 2022 (Note 21).
   Desember 2022 (Catatan 21).


17. UTANG USAHA DAN UTANG LAIN-LAIN - PIHAK                            17. TRADE AND OTHER PAYABLES - THIRD
    KETIGA                                                                 PARTIES

                                    31 Desember 2024/    31 Desember 2023/    31 Desember 2022/
                                    December 31, 2024    December 31, 2023    December 31, 2022

    Utang usaha - dalam Rupiah                                                                               Trade payables - in Rupiah
       PT Multi Usaha Abadi               122.161.998          103.265.696           64.284.697                 PT Multi Usaha Abadi
       PT Sawit Mandiri Lestari            29.986.557           63.341.165           60.160.366              PT Sawit Mandiri Lestari
       Koperasi Seluai Jaya Abadi          13.156.769            5.218.450                    -           Koperasi Seluai Jaya Abadi
       Koperasi Maraga Jaya                 9.353.962                    -                    -                Koperasi Maraga Jaya
       Koperasi Melata Jaya Indah           8.442.569                    -                    -          Koperasi Melata Jaya Indah
       Koperasi Harapan Makmur Bersama      8.278.010                    -                    -   Koperasi Harapan Makmur Bersama
       Koperasi Batu Dara Omas              7.216.871                    -                    -            Koperasi Batu Dara Omas
       Koperasi Pusaka Bulau Sahabun        6.103.485                    -                    -      Koperasi Pusaka Bulau Sahabun
       PT Khatulistiwa Sinergi Omnidaya     5.922.446                    -                    -     PT Khatulistiwa Sinergi Omnidaya
       Koperasi Bina Semua Jaya             5.725.340                    -                    -           Koperasi Bina Semua Jaya
       KUD Sumber Tani                      5.507.327                    -                    -                    KUD Sumber Tani
       PT Gemareksa Mekarsari                        -           7.823.161                                  PT Gemareksa Mekarsari
       PT Satria Hupasarana                          -           6.478.900            2.621.374                PT Satria Hupasarana
       Koperasi Sumber Air Jaya                      -          26.191.646           11.003.757            Koperasi Sumber Air Jaya

      Lain-lain (jumlah masing-masing                                                                            Others (individually
         kurang dari Rp5.000.000)          42.218.731           67.474.597             725.997            each below Rp5,000,000)

      Total                               264.074.065          279.793.615          138.796.191                                   Total




                                                               79
Page 395
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                              STATEMENTS
          Tanggal 31 Desember 2024                                                    As of December 31, 2024
         dan untuk tahun yang berakhir                                                and for year then ended
             pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
            kecuali dinyatakan lain)


17. UTANG USAHA DAN UTANG LAIN-LAIN - PIHAK                            17. TRADE AND OTHER PAYABLES - THIRD
    KETIGA (lanjutan)                                                      PARTIES (continued)
                                     31 Desember 2024/   31 Desember 2023/     31 Desember 2022/
                                     December 31, 2024   December 31, 2023     December 31, 2022

    Utang lain-lain - dalam Rupiah                                                                        Other payables - in Rupiah
       PT Borneo Langgeng Sejahtera         97.788.069         338.804.490           614.953.044      PT Borneo Langgeng Sejahtera
       PT Banua Sarana Jaya                 38.818.555          72.797.216            21.377.536             PT Banua Sarana Jaya
       PT Karyatama Unggul Sejahtera        36.317.064          44.514.950            10.071.582     PT Karyatama Unggul Sejahtera
       PT Pupuk Indonesia Niaga             15.177.479                   -                     -          PT Pupuk Indonesia Niaga
       CV Mitra Sohibulhajat Engineering    11.832.898          10.202.296             9.598.817   CV Mitra Sohibulhajat Engineering
       PT Gunawan Berkat Sejahtera           7.837.785          16.793.619             8.733.630       PT Gunawan Berkat Sejahtera
       CV Dona Doni                          6.684.588             380.797                92.574                      CV Dona Doni
       PT Agritama Multi Sarana              6.550.102           9.273.176             3.042.958           PT Agritama Multi Sarana
       PT Trakindo Utama                     5.500.228           1.622.064            14.933.276                 PT Trakindo Utama
       PT Semesta Primaindo Jaya Abadi       5.329.675             148.963                     -   PT Semesta Primaindo Jaya Abadi
       PT Hanau Perkasa Beton                3.995.358          22.561.254             6.219.011           PT Hanau Perkasa Beton
       PT Binausaha Karta Arkasa             3.522.066           6.420.795             5.565.349         PT Binausaha Karta Arkasa
       Lain-lain (jumlah masing-masing                                                                           Others (individually
          kurang dari Rp5.000.000)         153.666.776         193.660.558           142.783.620           each below Rp5,000,000)

                                           393.020.643         717.180.178           837.371.397
      Dikurangi: dampak                                                                                              Less: impact on
         penyesuaian nilai wajar                     -         (14.342.982)                    -       the adjustment of fair value

      Total                                393.020.643         702.837.196           837.371.397                                  Total


   Utang usaha merupakan utang atas pembelian                                 Trade payables represent payables for purchases of
   tandan buah segar dan minyak kelapa sawit.                                 fresh fruit bunches and crude palm oil.
   Utang lain-lain sebagian besar merupakan utang                             Other payables mostly represent payables to
   kepada pemasok atas pembelian suku cadang dan                              supplier for purchasing of spareparts and fertilizers.
   pupuk.
    Berdasarkan surat permohonan penangguhan                                  Based on the letter requesting the postponement of
    pembayaran utang kepada PT Borneo Langgeng                                payment payables to PT Borneo Langgeng
    Sejahtera (BLS) tanggal 29 Juni 2023, Kelompok                            Sejahtera (BLS) dated June 29, 2023, the Group
    Usaha meminta penundaan pembayaran utang                                  requested to postpone repayment of payables to
    kepada BLS sebesar Rp620.239.858 atas                                     BLS of Rp620,239,858 for the purchase of fertilizers
    pembelian pupuk sehingga akan jatuh tempo pada                            so it will mature in July 2024. On June 30, 2023, BLS
    Juli 2024. Pada tanggal 30 Juni 2023, BLS                                 agreed to the Group’s request. Therefore, the
    menyatakan setuju atas permohonan Kelompok                                Group's Management recorded the fair value of the
    Usaha. Oleh karena hal ini, Manajemen Kelompok                            outstanding balance on December 31, 2023
    Usaha mencatat nilai wajar atas saldo terhutang                           amounting to Rp52,514,588. During 2024 and 2023,
    pada tanggal 31 Desember 2023 sebesar                                     the amortization cost of fair value other payable was
    Rp52.514.588. Dampak atas amortisasi nilai wajar                          Rp14,342,982 and Rp38,171,606. (Note 31). As of
    selama tahun 2024 dan 2023 sebesar                                        December 31, 2024, the previously postoponed
    Rp14.342.982 dan Rp38.171.606. (Catatan 31).                              payables as explained above has been fully settled.
    Pada tanggal 31 Desember 2024, Nilai utang yang
    sebelumnya       ditangguhkan   tersebut,   telah
    dilunaskan sepenuhnya.
   Pada tanggal 31 Desember 2024, 2023, dan 2022,                             As of December 31, 2024, 2023, and 2022, trade
   saldo utang usaha dan utang lain-lain pihak ketiga                         and other payables to third parties are unsecured
   tidak memiliki jaminan dan tidak dikenakan bunga.                          and non-interest bearing. There have been no
   Tidak ada surat jaminan yang diberikan oleh                                guarantees provided by the Group for any trade and
   Kelompok Usaha untuk utang usaha dan utang lain-                           other payables to third parties.
   lain - pihak ketiga.




                                                               80
Page 396
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                 STATEMENTS
          Tanggal 31 Desember 2024                                                       As of December 31, 2024
         dan untuk tahun yang berakhir                                                   and for year then ended
             pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
            kecuali dinyatakan lain)


18. LIABILITAS KONTRAK                                                     18. CONTRACT LIABILITIES

                                        31 Desember 2024/   31 Desember 2023/     31 Desember 2022/
                                        December 31, 2024   December 31, 2023     December 31, 2022

    Pihak berelasi (Catatan 33b)                                                                                  Related party (Note 33b)
    Borneo Agri-Resources                                                                                          Borneo Agri-Resources
       International Pte. Ltd.                 88.891.000                    -                    -               International Pte. Ltd.
    PT Citra Borneo Indah                       6.000.000                    -                    -                 PT Citra Borneo Indah

    PT Bank Perkreditan Rakyat                                                                                 PT Bank Perkreditan Rakyat
      Lingga Sejahtera                          1.000.000           2.000.000                     -                   Lingga Sejahtera

                                               95.891.000           2.000.000                     -
    Pihak ketiga                                                                                                              Third parties
    PT Dua Kuda Indonesia                     129.609.244          46.886.115            43.534.118                PT Dua Kuda Indonesia
    PT Tanimas Edible Oil                      10.050.676           2.806.972                     -                 PT Tanimas Edible Oil
    Atk Pte Ltd                                 5.600.133                   -                     -                            Atk Pte Ltd
    PT Cipta Padang Berlian                       834.293           1.060.035               648.884               PT Cipta Padang Berlian
    PT Cisadane Raya Chemicals                    818.182             782.695                     -          PT Cisadane Raya Chemicals
    Koperasi Media                                                                                                         Koperasi Media
       Sejahtera Bersama                          198.001           4.010.324                     -                 Sejahtera Bersama
    PT Kusuma Mukti Remaja                              -                   -                     -              PT Kusuma Mukti Remaja
    CV Cahaya Indah Terang Abadi                        -           5.007.037                     -         CV Cahaya Indah Terang Abadi
    PT Multi Usaha Abadi                                -           1.019.366                     -                  PT Multi Usaha Abadi
    PT Sino Zone Industry Indonesia                     -                   -            42.661.316        PT Sino Zone Industry Indonesia
    PT Fokus Ritel Indoprima                            -                   -            22.472.533               PT Fokus Ritel Indoprima
    CV Mega Setia                                       -                   -             7.145.334                        CV Mega Setia
    PT Rajawali Nusindo                                 -                   -             6.221.037                   PT Rajawali Nusindo
    PT Lumbung Sawit Mas                                -                   -             6.183.091                PT Lumbung Sawit Mas
    PT Sentana Prima Unggul                             -                   -             5.661.032              PT Sentana Prima Unggul
    Lain-lain (jumlah masing-masing                     -                                                              Others (individually
       kurang dari Rp500.000)                   2.165.270              905.948           15.098.789              each below Rp500,000)

                                              149.275.799          62.478.492           149.626.134

    Total                                     245.166.799          64.478.492           149.626.134                                  Total


   Liabilitas kontrak merupakan uang muka yang                                   Contract liabilities represents advances received
   diterima dari pelanggan sehubungan dengan                                     from customers in relation to sales of crude palm
   penjualan minyak kelapa sawit dan turunannya, inti                            oil and its derivatives, palm kernel and its
   sawit dan turunannya, dan refined bleached and                                derivatives, palm shells, and refined bleached and
   deodorized palm oil (RBDPO)                                                   deodorized palm oil (RBDPO).

19. PERPAJAKAN                                                             19. TAXATION

   a. Pajak dibayar dimuka                                                       a.   Prepaid taxes
                                        31 Desember 2024/   31 Desember 2023/     31 Desember 2022/
                                        December 31, 2024   December 31, 2023     December 31, 2022

        Perseroan                                                                                                            The Company
        Pajak Pertambahan Nilai                 4.022.633          15.511.385            15.708.181                       Value Added Tax
        Entitas anak                                                                                                          Subsidiaries
        Pajak Pertambahan Nilai              283.222.465          151.366.699           128.220.269                       Value Added Tax
        Total                                 287.245.098         166.878.084           143.928.450                                  Total



   b.   Taksiran tagihan restitusi pajak - jangka                                b.   Estimated claims for tax refund - current
        pendek
                                        31 Desember 2024/   31 Desember 2023/     31 Desember 2022/
                                        December 31, 2024   December 31, 2023     December 31, 2022

            Perseroan                                                                                                        The Company
            Lebih bayar pajak
              Pajak Pertambahan Nilai                                                                         Refundable Value Added Tax
              - Tahun 2019                              -              692.538                    -                       Year 2019 -



                                                                  81
Page 397
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                           STATEMENTS
             Tanggal 31 Desember 2024                                                 As of December 31, 2024
            dan untuk tahun yang berakhir                                             and for year then ended
                pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
               kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                               19. TAXATION (continued)

   c.    Taksiran tagihan restitusi pajak - jangka                            c.   Estimated claims for tax refund - non-
         panjang                                                                   current

                                      31 Desember 2024/   31 Desember 2023/    31 Desember 2022/
                                      December 31, 2024   December 31, 2023    December 31, 2022

          Perseroan                                                                                                      The Company
          Lebih bayar pajak
            Pajak penghasilan                                                                                     Refundable corporate
                badan                                                                                               income tax (CIT)
            - Tahun 2023                     60.709.163          59.239.317                    -                        Year 2023 -
            - Tahun 2022                     10.840.517          42.991.781           37.289.579                        Year 2022 -
            - Tahun 2019                              -                   -           17.313.431                        Year 2019 -
          Lebih bayar pajak
            Pajak Pertambahan Nilai                                                                        Refundable Value Added Tax
            - Tahun 2019                              -                   -            2.821.245                       Year 2019 -

                                             71.549.680         102.231.098           57.424.255

          Entitas anak                                                                                                     Subsidiaries
          Lebih bayar pajak
            Pajak penghasilan badan                                                                     Refundable corporate income tax
            - Tahun 2024                     58.079.758                   -                    -                         Year 2024 -
            - Tahun 2023                     80.396.838          61.412.486                    -                         Year 2023 -
            - Tahun 2020                     79.030.462                   -                    -                         Year 2020 -
            - Tahun 2016                      7.636.922           7.636.922            7.636.922                         Year 2016 -
          Lebih bayar pajak
            Pajak pertambahan nilai                                                                       Refundable value added tax
            - Tahun 2020                      2.202.701                   -                    -                         Year 2020 -

                                            227.346.681          69.049.408            7.636.922

          Total                             298.896.361         171.280.506           65.061.177                                  Total


   d.     Utang pajak                                                         d.   Taxes payable
                                      31 Desember 2024/   31 Desember 2023/    31 Desember 2022/
                                      December 31, 2024   December 31, 2023    December 31, 2022

        Perseroan                                                                                                        The Company
          Pajak penghasilan - Pasal 4(2)         82.279              97.459               90.194              Income tax - Article 4(2)
          Pajak penghasilan - Pasal 15           33.572              87.190               24.672                Income tax - Article 15
          Pajak penghasilan - Pasal 21        1.148.571           2.382.091            4.847.666                Income tax - Article 21
          Pajak penghasilan - Pasal 22           77.304              70.210               41.310                Income tax - Article 22
          Pajak penghasilan - Pasal 23/26     2.828.086           2.608.617            3.404.790            Income tax - Article 23/26
          Pajak penghasilan - Pasal 29       47.990.378                   -                    -                Income tax - Article 29

                                             52.160.190           5.245.567            8.408.632


        Entitas anak                                                                                                       Subsidiaries
          Pajak penghasilan - Pasal 4(2)      1.060.131             406.089              539.125              Income tax - Article 4(2)
          Pajak penghasilan - Pasal 15          102.783             155.529              140.608                Income tax - Article 15
          Pajak penghasilan - Pasal 21        1.486.719           1.586.219            1.932.167                Income tax - Article 21
          Pajak penghasilan - Pasal 22          674.710             621.569              530.383                Income tax - Article 22
          Pajak penghasilan - Pasal 23/26     6.807.964           1.159.642            2.145.840            Income tax - Article 23/26
          Pajak penghasilan - Pasal 24        3.571.581           5.078.539                    -                Income tax - Article 24
          Pajak penghasilan - Pasal 29       60.005.965           9.340.971          184.136.146                Income tax - Article 29
          Pajak pertambahan nilai                     -               1.597                    -                    Value added taxes

                                             73.709.853          18.350.155          189.424.269

        Total                               125.870.043          23.595.722          197.832.901                                  Total




                                                                82
Page 398
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                           STATEMENTS
          Tanggal 31 Desember 2024                                                 As of December 31, 2024
         dan untuk tahun yang berakhir                                             and for year then ended
             pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                           19. TAXATION (continued)

   e. Komponen pajak penghasilan badan                                     e.   Components of corporate income tax

                                                 Untuk tahun yang berakhir
                                                pada Tanggal 31 Desember/
                                             For the years ended December 31,
                                      2024                2023                   2022
      Perseroan                                                                                                     The Company
      Beban pajak kini:                                                                                        Current tax expense:
      - Tahun berjalan                 53.976.724           12.675.115            65.614.673                         Current year -
      - Penyesuaian atas PPh badan
           tahun sebelumnya                                                                               Adjustment on previous -
           (Catatan 19h)                7.230.247                    -           (11.413.589)              years CIT (Note 19h)
      Manfaat pajak tangguhan         (69.849.814)         (20.740.070)          (11.887.022)                 Deferred tax benefit

      Total                           (8.642.843)            (8.064.955)          42.314.062                                  Total


      Entitas anak                                                                                                    Subsidiaries
      Beban pajak kini:                                                                                        Current tax expense:
      - Tahun berjalan                308.154.547          244.202.902           449.093.818                         Current year -
      - Penyesuaian atas PPh badan
            tahun sebelumnya                                                                              Adjustment on previous -
            (Catatan 19h)              23.787.653                     -            9.573.985               years CIT (Note 19h)
      Manfaat/(beban) pajak
        tangguhan                      58.112.562          (28.018.425)          (11.217.538)        Deferred tax benefit/(expense)

      Total                           390.054.762          216.184.477           447.450.265                                  Total



      Konsolidasian                                                                                                  Consolidated
      Beban pajak kini                                                                                         Current tax expense
      - Tahun berjalan                362.131.271          256.878.017           514.708.491                         Current year -
      - Penyesuaian atas PPh badan                                                                         Adjustment on previous-
           tahun sebelumnya            31.017.900                    -            (1.839.604)                         years CIT
      Manfaat pajak tangguhan         (11.737.252)         (48.758.495)          (23.104.560)                  Deferred tax benefit

      Total                           381.411.919          208.119.522           489.764.327                                  Total



      Dibebankan ke penghasilan                                                                   Charged to other comprehensive
         komprehensif lain                                                                                              income
      Pajak tangguhan:                                                                                               Deferred tax:
         Kerugian/(keuntungan) atas                                                                Re-measurement loss/(gain) of
           pengukuran kembali                                                                                 employee benefits
           liabilitas imbalan kerja     8.550.856            2.732.794            (9.689.813)                            liability




                                                           83
Page 399
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                STATEMENTS
            Tanggal 31 Desember 2024                                                      As of December 31, 2024
           dan untuk tahun yang berakhir                                                  and for year then ended
               pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
              kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                                  19. TAXATION (continued)
  f.   Rekonsiliasi pajak penghasilan badan                                       f.   Reconciliation of corporate income tax

       Rekonsiliasi antara laba sebelum pajak                                          The reconciliation between consolidated profit
       penghasilan badan konsolidasian seperti yang                                    before corporate income tax as shown in the
       tercantum dalam laporan laba rugi dan                                           consolidated statements of profit or loss and
       penghasilan komprehensif lain konsolidasian dan                                 other comprehensive income and the estimated
       taksiran laba kena pajak dan beban pajak kini                                   taxable income and current tax expense are as
       adalah sebagai berikut:                                                         follows:
                                                        Untuk tahun yang berakhir
                                                       pada Tanggal 31 Desember/
                                                    For the years ended December 31,
                                             2024                2023                     2022
       Laba konsolidasian sebelum
            beban pajak penghasilan                                                                                         Consolidated profit
               konsolidasian               1.226.103.304          552.135.147          1.964.686.167     before corporate income tax expense
       Laba entitas anak sebelum
            beban pajak                                                                                                      Subsidiaries’ profit
               penghasilan badan           (1.315.284.457)       (571.617.467)         (1.462.362.773)   before corporate income tax expense

        (Rugi)/laba sebelum                                                                                                 (Loss)/profit before
            pajak penghasilan badan                                                                                      corporate income tax
            - Perseroan                      (89.181.153)         (19.482.320)           502.323.394                           - the Company

       Beda tetap                                                                                                         Permanent differences
       Pendapatan setelah                                                                                                               Income
          pengenaan pajak final                 (823.988)          (5.448.328)            (4.866.009)                         net of final tax
       Pendapatan deviden                   (129.322.842)        (103.009.500)          (297.061.357)                         Dividend income
       Biaya yang tidak dapat
          dikurangkan                        139.990.140          143.592.042             40.183.297                  Non-deductible expenses

       Jumlah beda tetap                       9.843.310           35.134.214           (261.744.069)              Total permanent differences
       Beda temporer                                                                                                       Temporary differences
       Nilai wajar aset biologis             (61.929.267)         (11.764.946)            57.200.672              Fair value of biological assets
       Sewa                                    8.541.457              402.617             (8.752.202)                                     Leasing
       Liabilitas imbalan kerja karyawan                                                                           Long-term employee benefit
          jangka panjang                      12.979.156           18.751.754            (37.976.180)                                  liabilities
       Penyusutan aset tetap                 (18.243.320)         (13.475.613)            (9.234.336)               Depreciation of fixed assets
       Amortisasi tanaman menghasilkan         1.435.160            1.407.098              1.392.198         Amortization of mature plantations
       Bagian dari laba entitas anak         359.956.091           47.062.282             46.348.738                   Share of subsidiary profit
       Provisi biaya bonus                    13.614.770           (4.819.624)             7.700.000              Provision for bonus expenses
       Cadangan penurunan persediaan                                 (990.299)               990.299          Allowance provision for inventory
       Nilai wajar utang lain-lain                                                                                 Fair value of other payables
          pihak ketiga                         3.272.995            (3.272.995)                     -                           to a third party
       Penyisihan atas penurunan                                                                                       Allowance for impairment
          piutang plasma                       5.059.544            8.661.991                       -                   of plasma receivables

       Jumlah beda temporer                  324.686.586           41.962.265             57.669.189                Total temporary differences

       Penghasilan kena pajak
         - Perseroan                         245.348.743           57.614.159            298.248.514            Taxable income - the Company

       Pajak penghasilan                                                                                     Corporate income tax expense on
         atas penghasilan berdasarkan                                                                       income subject to tax at standard
            tarif pajak standar - 22%         53.976.724           12.675.115             65.614.673                    statutory rate - 22%


       Dikurangi:                                                                                                                          Less:
          Pajak penghasilan Pasal - 22           (281.193)           (178.894)              (464.668)                  Income tax - Article 22
          Pajak penghasilan Pasal - 23         (1.295.614)        (42.870.161)           (47.511.853)                  Income tax - Article 23
          Pajak penghasilan Pasal - 25         (4.409.538)        (28.865.377)           (54.927.731)                  Income tax - Article 25

                                               (5.986.345)        (71.914.432)          (102.904.252)




                                                                  84
Page 400
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                 PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                  STATEMENTS
          Tanggal 31 Desember 2024                                                        As of December 31, 2024
         dan untuk tahun yang berakhir                                                    and for year then ended
             pada tanggal tersebut                                                   (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                   unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                                  19. TAXATION (continued)
   f. Rekonsiliasi        pajak       penghasilan         badan                   f.   Reconciliation of corporate income tax
      (lanjutan)                                                                       (continued)
      Rekonsiliasi antara laba sebelum pajak                                           The reconciliation between consollidated profit
      penghasilan badan konsolidasian seperti yang                                     before corporate income tax as shown in the
      tercantum dalam laporan laba rugi dan                                            consolidated statements of profit or loss and
      penghasilan komprehensif lain konsolidasian dan                                  other comprehensive income and the estimated
      taksiran laba kena pajak dan beban pajak kini                                    taxable income and current tax expense are as
      adalah sebagai berikut: (lanjutan)                                               follows: (continued)
                                                     Untuk tahun yang berakhir
                                                      pada Tanggal 31 Desember/
                                                   For the years ended December 31,

                                            2024                  2023                   2022


      Taksiran tagihan restitusi                                                                   Estimated claims for corporate income
         pajak penghasilan badan                                                                                            tax refund
         - Perseroan                                 -             59.239.317            37.289.579                the Company -
         - Entitas anak                     58.079.758             61.412.486                     -                 Subsidiaries -

      Total                                 58.079.758            120.651.803            37.289.579                                      Total

      Pajak penghasilan - Pasal 29                                                                             Income tax - Article 29
         - Perseroan                        47.990.378                      -                     -                the Company -
          - Entitas anak                    60.005.965              9.340.971           184.136.146                 Subsidiaries -

      Total                                107.996.343              9.340.971           184.136.146                                      Total


      Rekonsiliasi antara beban pajak penghasilan                                      The reconciliation between consolidated
      badan konsolidasian yang dihitung dengan                                         corporate income tax expense as computed
      menggunakan tarif pajak yang berlaku dari laba                                   with the applicable tax rates from consolidated
      sebelum pajak penghasilan badan konsolidasian                                    profit before corporate income tax and
      dengan beban pajak penghasilan badan seperti                                     corporate income tax expense as shown in the
      yang tercantum dalam laporan laba rugi dan                                       consolidated statements of profit or loss and
      penghasilan komprehensif lain konsolidasian                                      other comprehensive income is as follows:
      adalah sebagai berikut:
                                                      Pada Tanggal 31 Desember/
                                                   For the years ended December 31,

                                            2024                  2023                   2022

      Laba sebelum beban pajak                                                                                                     Consolidated
         penghasilan konsolidasian        1.226.103.304           552.135.147          1.964.686.167               profit before income tax
      Pada tarif pajak 22%                                                                                                  At the tax rate 22%
         penghasilan badan                 269.742.727            121.469.732           432.230.957     profit before corporate income tax
      Penyesuaian atas PPh badan                                                                                       Adjustment on previous
         tahun sebelumnya                   31.017.900                       -            (1.839.604)                              years CIT
      Penyesuaian pajak tangguhan              985.966             (15.877.822)                    -               Adjustment on deferred tax
      Perbedaan tetap neto dengan                                                                                    Non-deductible expenses
         menggunakan tarif pajak 22%        36.855.807            102.527.612            59.372.974                   at the tax rate of 22%
      Aset pajak tangguhan tidak diakui     42.809.519                      -                     -        Unrecognized deferred tax assets

      Beban pajak penghasilan sesuai                                                                                 Income tax expenses
        dengan laporan laba rugi dan                                                                                   per consolidated
        penghasilan komprehensif                                                                          statement of profit or loss and
         konsolidasian                     381.411.919            208.119.522           489.764.327        other comprehensive income




                                                                   85
Page 401
                                                                               The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                    PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                     STATEMENTS
          Tanggal 31 Desember 2024                                                           As of December 31, 2024
         dan untuk tahun yang berakhir                                                       and for year then ended
             pada tanggal tersebut                                                      (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                      unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                                     19. TAXATION (continued)
   f. Rekonsiliasi         pajak       penghasilan          badan                    f.   Reconciliation of corporate income tax
      (lanjutan)                                                                          (continued)

       Jumlah estimasi penghasilan kena pajak untuk                                       The 2024 estimated taxable income reflected in
       tahun 2024 berdasarkan perhitungan di atas                                         the above calculation will be presented in the
       akan disajikan dalam Surat Pemberitahuan                                           Company’s 2024 annual corporate income tax
       Tahunan (SPT) Perseroan 2024. Perseroan                                            return. The Company has not yet submitted its
       belum melaporkan SPT Badan tahun 2024                                              2024 annual corporate income tax return to the
       kepada kantor pajak sampai dengan tanggal                                          Tax Office as of the date of completion of these
       penyelesaian laporan keuangan konsolidasian                                        consolidated financial statements.
       ini.

       Perhitungan pajak penghasilan badan tahun                                          The calculation of corporate income tax for 2023
       2023 dan 2022 sesuai dengan yang dilaporkan                                        and 2022 conformed with the amount reported
       Perseroan dalam SPT kepada Kantor Pajak.                                           by the Company to Tax Office in its tax return.

   g. Aset dan liabilitas pajak tangguhan, neto                                      g.   Deferred tax assets and liabilities, net

                                       31 Desember 2024/     31 Desember 2023/        31 Desember 2022/
                                       December 31, 2024     December 31, 2023        December 31, 2022

        Aset pajak tangguhan - neto                                                                                 Deferred tax assets - net
         Perseroan                                                                                                          The Company

        Bagian dari laba entitas anak        115.263.017             36.072.677              25.718.976              Share of subsidiary profit
        Liabilitas imbalan
           kerja karyawan                                                                                                 Long-term employee
           jangka panjang                     16.445.020             16.019.431              13.281.085                      benefit liabilities
        Provisi atas bonus                     8.800.000              6.076.620               8.690.000                     Provision of bonus
        Aset hak guna                            628.449             (1.250.672)              1.148.379                     Right of use assets
        Aset tetap dan                                                                                                        Fixed assets and
           tanaman produktif                  10.026.273             13.715.691                883.442                         bearer plants
        Penyisihan atas penurunan                                                                                      Allowance for declining
           nilai persediaan                            -                      -                 217.866               in value of inventories
        Aset biologis                        (30.392.238)           (16.767.799)            (14.179.511)                      Biological assets
        Penyisihan penurunan                                                                                      Allowance for impairment of
           piutang plasma                      2.212.105              1.905.638                       -                  plasma receivables
        Nilai wajar atas utang lain-lain                                                                          Fair value of other payables
           pihak ketiga                                -                 (720.059)                    -                       to a third party

                                             122.982.626             55.051.527              35.760.237
        Entitas anak                          64.842.236             87.734.569              74.461.904                           Subsidiaries

                                             187.824.862            142.786.096             110.222.141

        Liabilitas pajak tangguhan                                                                                    Deferred tax liabilities
           - neto                                                                                                                     net -
        Entitas anak                          79.528.849             38.195.747              67.757.148                      Subsidiaries


       Berdasarkan peraturan pajak yang berlaku                                           Based on taxation laws which became
       mulai tahun 2008, Direktorat Jendral Pajak                                         applicable starting in year 2008, the Directory
       dapat menetapkan dan mengubah kewajiban                                            General Tax may assess and amend taxes
       pajak dalam batas waktu lima tahun sejak                                           within five years from the date the tax becomes
       tanggal terutangnya pajak.                                                         due.

       Manajemen Kelompok Usaha berpendapat                                               The Group’s management is in the opinion that
       bahwa aset pajak tangguhan diperkirakan                                            the deferred tax assets are expected to be
       dapat dipulihkan pada periode mendatang.                                           realized in the future.

       Pemanfaatan aset pajak tangguhan yang diakui                                       The utilization of deferred tax assets recognized
       oleh Kelompok Usaha bergantung pada laba                                           by the Group is dependent upon future taxable
       kena pajak di masa depan yang melebihi laba                                        profits in excess of profits resulting from the
       yang dihasilkan dari pembalikan perbedaan                                          reversal of existing taxable temporary
       temporer kena pajak yang ada.                                                      differences.
                                                                    86
Page 402
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                  STATEMENTS
          Tanggal 31 Desember 2024                                        As of December 31, 2024
         dan untuk tahun yang berakhir                                    and for year then ended
             pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                     19. TAXATION (continued)

   g. Aset dan liabilitas pajak tangguhan, neto                   g.   Deferred tax assets and liabilities, net
      (lanjutan)                                                       (continued)

        PT Menteng Kencana Mas (“MKM”), entitas                        PT Menteng Kencana Mas (“MKM”), a
        anak, memiliki akumulasi rugi pajak sebesar                    subsidiary, has tax loss carried forward of
        Rp194.519.069 yang tersedia hingga lima                        Rp194,519,069 which are available up to five
        tahun setelah tahun rugi pajak untuk                           years following the year of the tax losses for
        mengimbangi laba kena pajak masa depan                         offsetting against future taxable profits of MKM
        MKM. MKM tidak mengakui aset pajak                             in which the losses arose. MKM did not
        tangguhan per 31 Desember 2024 sebesar                         recognize deferred tax assets as of December
        Rp47.671.633 karena realisasi aset pajak                       31, 2024 of Rp47,671,633, since the realization
        tangguhan saat ini tidak dapat dipastikan                      of the deferred tax assets are presently not
        dengan keyakinan yang wajar.                                   assured beyond reasonable doubt.

   h.   Pemeriksaan pajak                                         h.   Tax assessments

        Perseroan                                                      The Company

        Pajak penghasilan badan                                        Corporate income tax

        Tahun pajak 2022                                               Tax year 2022

        Pada tanggal 22 April 2024, Perseroan                          On April 22, 2024, the Company obtained an
        memperoleh Surat Ketetapan Pajak Lebih                         Overpayment        Tax      Assessment     Letter
        Bayar (“SKPLB”) dari Direktorat Jenderal Pajak                 (“SKPLB”) from the Directory General Tax
        (DJP) atas pajak penghasilan badan tahun 2022                  (“DGT”) reflecting an overpayment of 2022
        sejumlah Rp24.921.017 dari lebih bayar                         corporate income tax of Rp24,921,017 instead
        sejumlah Rp42.991.781 yang dilaporkan pada                     of Rp42,991,781 as reported in the Company’s
        Surat Pemberitahuan Pajak Penghasilan                          corporate income tax return. The Company
        Badan. Perseroan menerima sebagian hasil                       partially accepted the assessment. On May 2,
        pemeriksaan tersebut. Pada tanggal 2 Mei                       2024, the Company submitted an objection
        2024, Perseroan mengajukan keberatan ke                        letter to Tax Office in respect to overpayment of
        Kantor Pajak atas lebih bayar Pajak                            2022 CIT of Rp10,840,517 and recorded the
        Penghasilan       Badan     2022     sejumlah                  Rp7,230,247 (Note 19e) as an adjusment of
        Rp10.840.517       dan   mencatat    sejumlah                  corporate income tax previous year as part of
        Rp7.230.247       (Catatan    19e)    sebagai                  current tax expense in the 2024 consolidated
        penyesuaian pajak penghasilan badan tahun                      statement of profit or loss and other
        sebelumnya bagian dari beban pajak kini pada                   comprehensive income.
        laporan laba rugi dan penghasilan komprehensif
        lainnya konsolidasian tahun 2024.
                                                                       On May 20, 2024, the Company received the
        Pada tanggal 20 Mei 2024, Perseroan                            refund of Rp24,921,017.
        menerima pengembalian dana sebesar
        Rp24.921.017.




                                                         87
Page 403
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                               PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                STATEMENTS
          Tanggal 31 Desember 2024                                      As of December 31, 2024
         dan untuk tahun yang berakhir                                  and for year then ended
             pada tanggal tersebut                                 (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                 unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                   19. TAXATION (continued)

   h.   Pemeriksaan pajak (lanjutan)                            h.   Tax assessment (continued)

        Perseroan (lanjutan)                                         The Company (continued)

        Tahun pajak 2019                                             Tax year 2019

        Pada tanggal 28 April 2021, Perseroan                        On April 28, 2021, the Company obtained a
        memperoleh SKPLB dari DJP atas pajak                         SKPLB from the DGT reflecting an
        penghasilan badan tahun 2019 sejumlah                        overpayment of 2019 corporate income tax of
        Rp34.342.811 dari lebih bayar sejumlah                       Rp34,342,811 instead of Rp41,302,403    as
        Rp41.302.403 yang dilaporkan pada Surat                      reported in the Company’s corporate income
        Pemberitahuan Pajak Penghasilan Badan.                       tax return. On May 28, 2021, the Company
        Pada tanggal 28 Mei 2021, Perseroan                          received the refund.
        menerima pengembalian dana tersebut.

        Pada tanggal 25 Mei 2021, Perseroan                          On May 25, 2021 the Company submitted
        mengajukan keberatan ke Kantor Pajak atas                    objection letter to Tax Office in respect to
        lebih bayar Pajak Penghasilan Badan 2019                     overpayment of 2019 CIT of Rp17,313,431 and
        sejumlah    Rp17.313.431    dan    mencatat                  recorded of Rp10,346,953 as an adjusment of
        sejumlah Rp10.346.953 sebagai penyesuaian                    corporate income tax previous year as a part of
        pajak penghasilan tahun sebelumnya bagian                    current tax expense in the 2021 consolidated
        dari beban pajak kini pada laporan laba rugi                 statement of profit or loss and other
        dan penghasilan komprehensif         lainnya                 comprehensive income.
        konsolidasian tahun 2021.

        Pada tanggal 15 Februari 2022, Kantor Pajak                  On February 15, 2022, Tax Office issued
        mengeluarkan putusan menolak semua                           decision which rejected the Company’s
        keberatan Perseroan. Pada tanggal 14 April                   objection. On April 14, 2022, the Company a
        2022, Perseroan mengajukan banding ke                        submited appeal to the Tax Court. On July 31,
        Pengadilan Pajak. Pada tanggal 31 Juli 2023                  2023, the Tax Court issued decision that
        Pengadilan Pajak mengeluarkan putusan                        approved the Company’s appeal. On
        mengabulkan seluruh banding Perseroan.                       October 5, 2023, the Company received the
        Pada tanggal 5 Oktober 2023, Perseroan                       refund.
        menerima pengembalian dana.




                                                       88
Page 404
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                               PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                STATEMENTS
          Tanggal 31 Desember 2024                                      As of December 31, 2024
         dan untuk tahun yang berakhir                                  and for year then ended
             pada tanggal tersebut                                 (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                 unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                   19. TAXATION (continued)

   h.   Pemeriksaan pajak (lanjutan)                            h.   Tax assessment (continued)

        Perseroan (lanjutan)                                         The Company (continued)

        Pajak pertambahan nilai                                      Value added tax

        Tahun pajak 2019                                             Tax year 2019

        Pada tanggal 28 April 2021, Perseroan                        On April 28, 2021, the Company received an
        menerima Surat Ketetapan Pajak Kurang                        Underpayment Tax Assessment             Letter
        Bayar (SKPKB) dan Surat Tagihan Pajak (STP)                  (SKPKB) and Tax Collection Letter (STP) of
        dari DJP atas PPN tahun 2019 sejumlah                        VAT for fiscal year 2019 totaling Rp5,120,498.
        Rp5.120.498. Perseroan menerima sebagian                     The Company partially accepted the
        hasil pemeriksaan tersebut dan mencatat                      assessment and recorded the differences of
        sejumlah Rp2.299.251 pada laporan laba rugi                  Rp2,299,251 in the 2021 consolidated
        konsolidasian tahun 2021.                                    statement of profit or loss.
        Pada tanggal 19 Juli 2021, Perseroan                         On July 19, 2021, the Company submitted
        mengajukan keberatan ke DJP atas SKPKB                       objection letters to DGT related to the SKPKB
        dan STP PPN tahun 2019 sebesar                               and STP VAT for tax year 2019 totaling
        Rp2.821.247. Pada tanggal 15 Februari 2022,                  Rp2,821,247. On Februari 15, 2022 the
        Perseroan menerima hasil keberatan untuk                     Company received the result of tax objection
        PPN yang menyatakan DJP menolak keberatan                    VAT.
        PPN Perseroan.
        Pada tanggal 15 April 2022, Perseroan                        On April 15, 2022, the Company submitted the
        mengajukan banding kepada Pengadilan                         tax appeal to the Tax Court. On July 31, 2023,
        Pajak. Pada tanggal 31 Juli 2023, Pengadilan                 The Tax Court issued decision approved the
        Pajak mengeluarkan putusan mengabulkan                       Company’s appeal. On October 5, 2023, the
        seluruh banding atas SKPKB PPN Perseroan.                    Company received the refund on SKPKB VAT
        Pada tanggal 5 Oktober 2023, Perseroan                       amounted to Rp2,120,923 and charged
        menerima pengembalian dana atas banding                      Rp7,786 to the 2023’s consolidated statement
        sebesar Rp2.120.923 dan mencatat Rp7.786                     of profit or loss and other comprehensive
        pada laporan laba rugi dan pendapatan                        income.
        komprehensif lainnya konsolidasian tahun
        2023.

        Pada tanggal 14 Oktober 2024, Perseroan                      On October 14, 2024, the Company received
        menerima Surat Pembatalan atas Surat                         cancellation letter for Tax Collection Letter
        Tagihan Pajak PPN. Pada tanggal 30                           (STP) of VAT. On November 30, 2024, the
        November    2024,   Perseroan    menerima                    Company received the refund of Rp692,538.
        pengembalian dana sebesar Rp692.538.




                                                       89
Page 405
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                   STATEMENTS
          Tanggal 31 Desember 2024                                         As of December 31, 2024
         dan untuk tahun yang berakhir                                     and for year then ended
             pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                      19. TAXATION (continued)

   h.   Pemeriksaan pajak (lanjutan)                               h.   Tax assessment (continued)
        Entitas anak                                                    Subsidiaries
        PT Kalimantan Sawit Abadi (KSA)                                 PT Kalimantan Sawit Abadi (KSA)
        Pajak penghasilan badan                                         Corporate income tax
        Tahun pajak 2020                                                 Tax year 2020
        Pada tanggal 2 April 2024, KSA memperoleh                       On April 2, 2024, KSA obtained a SKPKB from
        SKPKB dari DJP atas pajak penghasilan badan                     the DGT, reflecting an underpayment of 2020
        tahun 2020 sejumlah Rp1.421.821 dari jumlah                     corporate income tax of Rp1,421,821 instead of
        RpNihil yang telah dilaporkan dalam Surat                       RpNil as reported in the corporate income tax
        Pemberitahuan Pajak Penghasilan Badan.                          return. On April 23, 2024, KSA paid the
        Pada tanggal 23 April 2024, KSA telah                           underpayment amounting to Rp989,575 (Note
        membayar atas kurang bayar tersebut                             19e) and recorded the amount as an
        sejumlah Rp989.575 (Catatan 19e) dan                            adjustment to prior year corporate income tax
        mencatat     sebagai      penyesuaian    pajak                  as a part of current tax expense and Rp432,246
        penghasilan tahun sebelumnya sebagai bagian                     as tax penalty expense in the 2024
        dari beban pajak kini serta sejumlah Rp432.246                  consolidated statement of profit or loss in other
        sebagai beban denda pajak pada laporan laba                     comprehensive income.
        rugi    penghasilan       komprehensif     lain
        konsolidasian tahun 2024.

        Pajak pertambahan nilai                                         Value added tax
        Tahun pajak 2024                                                Tax year 2024

        Pada tanggal 2 Mei 2024, KSA memperoleh                         On May 2, 2024, KSA obtained a Tax
        Surat Keputusan Pengembalian Pendahuluan                        Overpayment      Refund     Decision     Letter
        Kelebihan Pembayaran Pajak (SKPPKP) dari                        (SKPPKP) from DGT stating an overpayment
        DJP yang menyatakan lebih bayar PPN masa                        on its January 2024 VAT amounting to
        Januari 2024 sebesar Rp15.930.783 yang                          Rp15,930,783 as reported in the Periodic VAT
        dilaporkan pada Surat Pemberitahuan Masa                        Return. KSA agreed with that decision. KSA has
        PPN. KSA menerima keputusan tersebut. KSA                       received the refund of overpayment on VAT
        telah menerima pembayaran atas kelebihan                        amounting to Rp 15,930,783 on April 23, 2024.
        pembayaran     PPN      tersebut     sebesar
        Rp 15.930.783 pada tanggal 23 April 2024.




                                                          90
Page 406
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                               PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                STATEMENTS
          Tanggal 31 Desember 2024                                      As of December 31, 2024
         dan untuk tahun yang berakhir                                  and for year then ended
             pada tanggal tersebut                                 (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                 unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                   19. TAXATION (continued)

   h.   Pemeriksaan pajak (lanjutan)                            h.   Tax assessment (continued)
        Entitas anak (lanjutan)                                      Subsidiaries (continued)
        PT Tanjung Sawit Abadi (TSA)                                 PT Tanjung Sawit Abadi (TSA)
        Pajak penghasilan badan                                      Corporate income tax
        Tahun pajak 2020                                              Tax year 2020
        Pada tanggal 25 April 2024, TSA memperoleh                   On April 25, 2024, TSA obtained SKPKB from
        SKPKB dari DJP atas pajak penghasilan badan                  the DGT, reflecting an underpayment of 2020
        tahun 2020 sejumlah Rp17.917.504 dari jumlah                 corporate income tax of Rp17,917,504 instead
        RpNihil yang telah dilaporkan dalam Surat                    of RpNil as reported in the 2020 corporate
        Pemberitahuan Pajak Penghasilan Badan                        income tax return. On June 19, 2024, TSA paid
        tahun 2020. Pada tanggal 19 Juni 2024, TSA                   the underpayment amounting to Rp17,917,504
        telah membayar atas kurang bayar tersebut                    and recorded the amount of Rp1,161,689 (Note
        sebesar Rp17.917.504 dan mencatat sebesar                    19e) as an adjustment of corporate income tax
        Rp1.161.689      (Catatan    19e)    sebagai                 previous year as part of current tax expense
        penyesuaian     pajak    penghasilan   tahun                 and Rp490,698 as tax penalty expense in the
        sebelumnya sebagai bagian dari beban pajak                   2024 consolidated statement of profit or loss in
        kini serta sebesar Rp490.698 sebagai beban                   other comprehensive income.
        denda pajak pada laporan laba rugi
        penghasilan komprehensif lain konsolidasian
        tahun 2024.
        Pada tanggal 26 Juni 2024, TSA mengajukan                    On June 26, 2024, TSA filled an objection letter
        surat keberatan kepada kantor pajak atas                     to the Tax Office for underpayment of 2020
        kurang bayar pajak penghasilan badan tahun                   corporate income tax of Rp16,265,117. Until
        2020 sebesar Rp16.265.117. Sampai dengan                     the completion date of the consolidated
        tanggal    penerbitan  laporan   keuangan                    financial statements, TSA has not yet received
        konsolidasian, TSA belum menerima hasil                      the objection result.
        keberatan tersebut.

        Tahun pajak 2016                                              Tax year 2016
        Pada tanggal 27 Januari 2021, TSA                            On January 27, 2021, TSA obtained an SKPKB
        memperoleh SKPKB dari DJP atas pajak                         from the DGT, reflecting an underpayment of
        penghasilan badan tahun 2016 sejumlah                        2016 corporate income tax of Rp7,980,593
        Rp7.980.593 dari jumlah RpNihil yang telah                   instead of RpNil as reported in the corporate
        dilaporkan dalam Surat Pemberitahuan Pajak                   income tax return. On February 26, 2021 and
        Penghasilan Badan. Pada tanggal 26 Februari                  April 20, 2021, TSA paid the underpayment
        2021 dan 20 April 2021, TSA telah membayar                   amounting to Rp7,980,593 and recorded the
        atas kurang bayar tersebut sejumlah                          amount of Rp232,840 as a part of current tax
        Rp7.980.593      dan   mencatat    sejumlah                  expense and Rp104,478 as tax penalty
        Rp232.840 sebagai bagian dari beban pajak                    expense in the 2020 consolidated statement of
        kini serta sejumlah Rp104.478 sebagai beban                  profit or loss in other comprehensive income.
        denda pajak pada laporan laba rugi
        penghasilan komprehensif lain konsolidasian
        tahun 2020.




                                                       91
Page 407
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                   STATEMENTS
          Tanggal 31 Desember 2024                                         As of December 31, 2024
         dan untuk tahun yang berakhir                                     and for year then ended
             pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                      19. TAXATION (continued)

   h.   Pemeriksaan pajak (lanjutan)                               h.   Tax assessment (continued)

        Entitas anak (lanjutan)                                         Subsidiaries (continued)

        PT Tanjung Sawit Abadi (TSA) (lanjutan)                         PT Tanjung Sawit Abadi (TSA) (continued)
        Pajak penghasilan badan (lanjutan)                              Corporate income tax (continued)
        Tahun pajak 2016 (lanjutan)                                      Tax year 2016 (continued)

        Pada tanggal 21 April 2021, TSA mengajukan                      On April 21, 2021, TSA filled an objection letter
        surat keberatan kepada kantor pajak atas                        to Tax Office for underpayment of 2016
        kurang bayar pajak penghasilan badan tahun                      corporate income tax of Rp7,636,922. On
        2016 sebesar Rp7.636.922. Pada tanggal                          November 2, 2021, TSA received the result of
        2 November 2021, TSA menerima surat                             tax objection which stated that the tax office
        keputusan keberatan yang menolak seluruh                        rejected    all  of   the      tax   correction.
        keberatan TSA. Pada tanggal 18 Januari 2022,                    On January 18, 2022, TSA submitted a tax
        TSA mengajukan banding kepada Pengadilan                        appeal to the Tax Court. Until the completion
        Pajak. Sampai dengan tanggal penerbitan                         date of the consolidated financial statements,
        laporan keuangan konsolidasian, TSA belum                       TSA has not yet received the appeal result.
        menerima hasil putusan tersebut.

        PT Sawit Multi Utama (“SMU”)                                    PT Sawit Multi Utama (“SMU”)

        Pajak penghasilan badan                                         Corporate income tax

        Tahun pajak 2020                                                Tax year 2020

        Pada tanggal 8 Maret 2024, SMU memperoleh                       On March 8, 2024, SMU obtained a SKPKB
        SKPKB dari DJP atas pajak penghasilan badan                     from the DGT, reflecting an underpayment of
        tahun 2020 sejumlah Rp46.126.876 dari jumlah                    2020 corporate income tax of Rp46,126,876
        Rp43.769.122 yang telah dilaporkan dalam                        instead of Rp43,769,122 as reported in the
        Surat Pemberitahuan Pajak Penghasilan                           corporate income tax return. On June 14, 2024,
        Badan. Pada tanggal 14 Juni 2024, SMU telah                     SMU paid underpayment amounting to
        membayar atas kurang bayar tersebut                             Rp1,657,588 (Note 19e) and recorded the
        sejumlah Rp1.657.588 (Catatan 19e) dan                          amount as an adjustment of corporate income
        mencatat     sebagai      penyesuaian    pajak                  tax previous year as a part of current tax
        penghasilan tahun sebelumnya sebagai bagian                     expense and Rp700,166 as tax penalty
        dari beban pajak kini serta sejumlah Rp700.166                  expense in the 2024 consolidated statement of
        sebagai beban denda pajak pada laporan laba                     profit or loss and other comprehensive income.
        rugi    penghasilan       komprehensif     lain
        konsolidasian tahun 2024.




                                                          92
Page 408
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                 STATEMENTS
          Tanggal 31 Desember 2024                                       As of December 31, 2024
         dan untuk tahun yang berakhir                                   and for year then ended
             pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                    19. TAXATION (continued)

   h.   Pemeriksaan pajak (lanjutan)                             h.   Tax assessment (continued)

        Entitas anak (lanjutan)                                       Subsidiaries (continued)

        SSMS Plantation Holdings Pte. Ltd. (“SPH”)                    SSMS Plantation Holdings Pte. Ltd. (“SPH”)

        Pajak penghasilan badan                                       Corporate income tax

        Tahun pajak 2022 dan 2023                                     Tax year 2022 and 2023

        Pada tanggal 3 Maret 2024, SPH menerima                       On March 3, 2024, SPH received letter from
        surat dari Inland Revenue Authority of                        Inland Revenue Authority of Singapore (“IRAS”)
        Singapore (“IRAS”), yang menyatakan kurang                    reflecting underpayments of corporate income
        bayar atas pajak penghasilan badan tahun                      tax for tax year 2022 and 2023 amounting to
        2022 dan 2023 sebesar S$1.683.792 atau                        S$1,683,792 or equivalent to Rp19,978,801
        setara dengan Rp19.978.801 (Catatan 19e).                     (Note 19e). On April 8, 2024, SPH paid the
        Pada tanggal 8 April 2024, SPH membayar                       underpayment and recorded the amount as an
        kurang bayar tersebut dan mencatat jumlah                     adjusment of corporate income tax previous
        tersebut    sebagai    penyesuaian     pajak                  year as a part of current tax expense in the
        penghasilan tahun sebelumnya sebagai bagian                   2024 consolidated statement of profit or loss
        dari beban pajak kini pada laporan laba rugi                  and other comprehensive income.
        dan      penghasilan    komprehensif     lain
        konsolidasian tahun 2024.

        PT Citra Borneo Utama Tbk. (“CBUT”)                           PT Citra Borneo Utama Tbk. (“CBUT”)

        Pajak penghasilan badan                                       Corporate income tax

        Tahun pajak 2020                                              Tax year 2020

        Pada tanggal 16 April 2024, CBUT memperoleh                   On April 16, 2024, CBUT obtained an SKPKB
        SKPKB dari DJP atas pajak penghasilan badan                   from the DGT, reflecting an underpayment of
        tahun 2020 sejumlah Rp62.765.345 dari jumlah                  2020 corporate income tax of Rp62,765,345
        RpNihil yang telah dilaporkan dalam Surat                     instead of RpNil as reported in the corporate
        Pemberitahuan Pajak Penghasilan Badan.                        income tax return. On June 6, 2024, CBUT paid
        Pada tanggal 6 Juni 2024, CBUT telah                          underpayment amounting to Rp62,765,345. On
        membayar atas kurang bayar tersebut sebesar                   June 13, 2024, CBUT submitted an objection
        Rp62.765.345. Pada tanggal 13 Juni 2024,                      letter to the Tax Office in respect to
        CBUT mengajukan surat keberatan kepada                        underpayment of CIT of Rp62,765,345. Up to
        kantor pajak atas kurang bayar pajak                          the date of completion of these consolidated
        penghasilan badan tahun 2020 sebesar                          financial statements, CBUT had not yet
        Rp62.765.345. Sampai dengan tanggal                           received the decision on its objection.
        penyelesaian laporan keuangan konsolidasian
        ini, CBUT belum menerima hasil keputusan
        atas permohonan keberatan tersebut.




                                                        93
Page 409
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                               PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                STATEMENTS
          Tanggal 31 Desember 2024                                      As of December 31, 2024
         dan untuk tahun yang berakhir                                  and for year then ended
             pada tanggal tersebut                                 (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                 unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                   19. TAXATION (continued)

   h.   Pemeriksaan pajak (lanjutan)                            h.   Tax assessment (continued)

        Entitas anak (lanjutan)                                      Subsidiaries (continued)

        PT Citra Borneo Utama Tbk. (“CBUT”)                          PT Citra Borneo Utama Tbk. (“CBUT”)
        (lanjutan)                                                   (continued)

        Tahun pajak 2019                                             Tax year 2019

        Pada tanggal 14 September 2022, CBUT                         On September 14, 2022, CBUT obtained a
        memperoleh SKPKB dari DJP yang                               SKPKB       from the   DGT      stating the
        menyatakan kurang bayar pajak penghasilan                    underpayment 2019 corporate income tax
        badan tahun 2019 sebesar Rp3.786.000 dari                    Rp3,786,000 instead of RpNil as reported in
        jumlah RpNihil yang telah dilaporkan pada                    CBUT corporate income tax return. On October
        Surat   Pemberitahuan Pajak Penghasilan                      25, 2022, CBUT submitted an objection to the
        Badan. Pada tanggal 25 Oktober 2022, CBUT                    Tax Office.
        mengajukan keberatan kepada kantor Pajak.

        Pada tanggal 28 Juli 2023, Kantor Pajak                      On July 28, 2023, the Tax Office rejected the
        menolak keberatan yang diajukan CBUT.                        objection filed by CBUT. CBUT filed an appeal
        CBUT telah mengajukan banding kepada                         to the Tax Court. On January 16, 2025, the Tax
        Pengadilan Pajak. Pada tanggal 16 Januari                    Court rejected the appeal filed by the Company.
        2025, Pengadilan Pajak menolak banding yang                  On March 7, 2025 CBUT filed a judicial review
        diajukan oleh CBUT. Pada tanggal 7 Maret                     to the Supreme Court. Up to the completion
        2025 CBUT mengajukan peninjauan kembali                      date of this consolidated financial statements,
        kepada Mahkamah Agung. Sampai dengan                         CBUT had not yet received the decision.
        tanggal penyelesaian laporan keuangan
        konsolidasian ini, CBUT belum menerima hasil
        keputusan tersebut.

        Pajak pertambahan nilai                                      Value added tax

        Tahun pajak 2024                                             Tax year 2024

        Pada tanggal 2 Mei 2024, CBUT memperoleh                     On May 2, 2024, CBUT obtained a Tax
        Surat Keputusan Pengembalian Pendahuluan                     Overpayment       Refund     Decision   Letter
        Kelebihan Pembayaran Pajak (SKPPKP) dari                     (SKPPKP) from DGT stating an overpayment
        DJP yang menyatakan lebih bayar PPN masa                     on its January 2024 VAT amounting to
        Januari 2024 sebesar Rp47.630.162 yang                       Rp47,630,162 as reported in the VAT Monthly
        dilaporkan pada Surat Pemberitahuan Masa                     Return. CBUT agreed with that decision. CBUT
        PPN. CBUT menerima keputusan tersebut.                       has received the refund of overpayment on VAT
        CBUT telah menerima pembayaran atas                          amounting to Rp47,630,162 on June 4, 2024.
        kelebihan pembayaran PPN tersebut sebesar
        Rp47.630.162 pada tanggal 4 Juni 2024.

        Pada tanggal 20 Agustus 2024, CBUT                           On August 20, 2024, CBUT obtained a
        memperoleh SKPPKP dari DJP yang                              SKPPKP from DGT stating an overpayment on
        menyatakan lebih bayar PPN masa April 2024                   April 2024 VAT amounting to Rp68,924,987 as
        sebesar Rp68.924.987 yang dilaporkan pada                    reported in the VAT Monthly Return. CBUT
        Surat Pemberitahuan Masa PPN. CBUT                           agreed with that decision. CBUT has received
        menerima keputusan tersebut. CBUT telah                      the refund of overpayment on VAT amounting
        menerima pembayaran atas kelebihan                           to Rp68,924,987 on August 29, 2024.
        pembayaran     PPN      tersebut  sebesar
        Rp68.924.987 pada tanggal 29 Agustus 2024.




                                                       94
Page 410
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                               STATEMENTS
          Tanggal 31 Desember 2024                                     As of December 31, 2024
         dan untuk tahun yang berakhir                                 and for year then ended
             pada tanggal tersebut                                (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                  19. TAXATION (continued)

   h.    Pemeriksaan pajak (lanjutan)                          h.   Tax assessment (continued)

         Entitas anak (lanjutan)                                    Subsidiaries (continued)

         PT Citra Borneo Utama Tbk. (“CBUT”)                        PT Citra Borneo Utama Tbk. (“CBUT”)
         (lanjutan)                                                 (continued)

         Pajak pertambahan nilai (lanjutan)                         Value added tax (continued)

        Tahun pajak 2024 (lanjutan)                                 Tax year 2024 (continued)

        Pada tanggal 30 September 2024, CBUT                        On September 30, 2024, CBUT obtained a
        memperoleh SKPPKP dari DJP yang menyatakan                  SKPPKP from the DGT stating an overpayment
        lebih bayar PPN masa Juli 2024 sebesar Rp                   on its July 2024 VAT amounting to Rp
        59.189.000     yang dilaporkan pada Surat                   59,189,000 as reported in the VAT monthly
        Pemberitahuan Masa PPN. CBUT menerima                       return. CBUT agreed with that decision. CBUT
        keputusan tersebut. CBUT telah menerima                     has received the refund of overpayment on VAT
        pembayaran atas kelebihan pembayaran PPN                    amounting to Rp59,189,000 on October 10,
        tersebut sebesar Rp59.189.000 pada tanggal                  2024.
        10 Oktober 2024.

        Pada tanggal 1 November 2024, CBUT                          On November 1, 2024, CBUT obtained a
        memperoleh SKPPKP dari DJP yang menyatakan                  SKPPKP from the DGT stating an overpayment
        lebih bayar PPN masa Mei 2024 sebesar                       on its May 2024 VAT amounting to
        Rp44.176.000 yang dilaporkan pada Surat                     Rp44,176,000 as reported in the VAT monthly
        Pemberitahuan Masa PPN. CBUT menerima                       return. CBUT agreed with that decision. CBUT
        keputusan tersebut. CBUT telah menerima                     has received the refund of overpayment on VAT
        pembayaran atas kelebihan pembayaran PPN                    amounting to Rp44,176,000 on November 15,
        tersebut sebesar Rp44.176.000 pada tanggal                  2024.
        15 November 2024.

        Pada tanggal 2 Desember 2024, CBUT                          On December 2, 2024, CBUT obtained a
        memperoleh SKPPKP dari DJP yang menyatakan                  SKPPKP from the DGT stating an overpayment
        lebih bayar PPN masa Juni 2024 sebesar                      on its June 2024 VAT amounting to
        Rp88.206.000 yang dilaporkan pada Surat                     Rp88,206,000 as reported in the VAT monthly
        Pemberitahuan Masa PPN. CBUT menerima                       Return. CBUT agreed with that decision. CBUT
        keputusan tersebut. CBUT telah menerima                     has received the refund of overpayment on VAT
        pembayaran atas kelebihan pembayaran PPN                    amounting to Rp 88,206,000 on December 18,
        tersebut sebesar Rp88.206.000 pada tanggal                  2024.
        18 Desember 2024.

        Tahun pajak 2023                                            Tax year 2023

        Pada tanggal 21 November 2023, CBUT                         On November 21, 2023, CBUT obtained an
        memperoleh SPMKP dari DJP yang menyatakan                   SPMKP from the DGT stating an overpayment
        lebih bayar PPN masa April 2023 sebesar                     on April 2023 VAT amounting to Rp23,320,000
        Rp23.320.000 dibandingkan dengan lebih bayar                instead of Rp23,354,000 as reported in the VAT
        sebesar Rp 23.354.000 yang dilaporkan pada Surat            monthly return. CBUT agreed with that decision.
        Pemberitahuan Masa PPN. CBUT menerima                       CBUT has received the refund of overpayment
        keputusan tersebut. CBUT telah menerima                     on VAT amounting to Rp23,320,000 on
        pembayaran atas kelebihan pembayaran PPN                    November 23, 2023.
        tersebut sebesar Rp23.320.000 pada tanggal
        23 November 2023.




                                                     95
Page 411
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                  STATEMENTS
          Tanggal 31 Desember 2024                                        As of December 31, 2024
         dan untuk tahun yang berakhir                                    and for year then ended
             pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
            kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                     19. TAXATION (continued)

   h.   Pemeriksaan pajak (lanjutan)                              h.   Tax assessment (continued)

        Entitas anak (lanjutan)                                        Subsidiaries (continued)

        PT Citra Borneo Utama Tbk. (“CBUT”)                            PT Citra Borneo Utama Tbk. (“CBUT”)
        (lanjutan)                                                     (continued)

        Pajak pertambahan nilai (lanjutan)                             Value added tax (continued)

        Tahun pajak 2023                                               Tax year 2023

        Pada tanggal 14 Desember 2023, CBUT                            On December 14, 2023, CBUT obtained an
        memperoleh    SPMKP dari      DJP yang                         SPMKP from the DGT stating an overpayment
        menyatakan lebih bayar PPN masa Agustus                        of August 2023 VAT amounting to
        2023 sebesar Rp39.035.000 dibandingkan                         Rp39,035,000 instead of overpayment Rp
        dengan lebih bayar sebesar Rp39.043.000                        39,043,000 as reported in the VAT monthly
        yang dilaporkan pada Surat Pemberitahuan                       return. CBUT agreed with that decision. CBUT
        Masa PPN. CBUT menerima keputusan                              has received the refund of overpayment on VAT
        tersebut. CBUT telah menerima pembayaran                       amounting to Rp39,035,000 on December 18,
        atas kelebihan pembayaran PPN tersebut                         2023.
        sebesar Rp39.035.000 pada tanggal 18
        Desember 2023.

        Tahun pajak 2022                                               Tax year 2022

        Pada tanggal 31 Januari 2023, CBUT                             On January 31, 2023, CBUT obtained a STP
        memperoleh STP dari DJP atas PPN masa                          from DGT related VAT periods May, April,
        Mei, April, Agustus, dan Oktober 2022 sejumlah                 August, and October 2022 amounted to
        Rp1.037.325. CBUT menerima keputusan                           Rp1,037,325. CBUT accepted the assessment
        tersebut dan mencatat beban denda pajak                        and recorded the result as tax penalty expense
        pada     laporan     laba   rugi   penghasilan                 in the 2023 consolidated statement of profit or
        komprehensif lain konsolidasian tahun 2023.                    loss and other comprehensive income.

        Pada tanggal 21 November 2023, CBUT                            On November 21, 2023, CBUT obtained an
        memperoleh SPMKP dari         DJP yang                         SPMKP from the DGT stating an overpayment
        menyatakan lebih bayar PPN masa April 2023                     of VAT for period of April 2023 amounting to
        sebesar Rp23.320.000 dibandingkan dengan                       Rp23,320,000 instead of overpayment of
        lebih   bayar sebesar Rp23.354.000 yang                        Rp23,354,000 as reported in the monthly tax
        dilaporkan pada Surat Pemberitahuan Masa                       return of VAT. CBUT agreed with the result.
        PPN. CBUT menerima keputusan tersebut.                         CBUT has received the refund of VAT
        CBUT telah menerima pembayaran         atas                    amounting to Rp23,320,000 on November 23,
        kelebihan pembayaran PPN tersebut sebesar                      2023.
        Rp23.320.000 pada tanggal 23 November
        2023.

        Pada tanggal 14 Desember 2023, CBUT                            On December 14, 2023, the CBUT obtained an
        memperoleh SPMKP dari DJP yang                                 SPMKP from the DGT stating an overpayment of
        menyatakan lebih bayar PPN masa Agustus                        VAT for period August 2023 VAT amounting to
        2023 sebesar Rp39.035.000 dibandingkan                         Rp39,035,000 instead of the amount of
        dengan lebih bayar sebesar Rp39.043.000                        Rp39,043,000 as reported in the monthly tax
        yang dilaporkan pada Surat Pemberitahuan                       return of VAT. CBUT agreed with that result.
        Masa PPN. CBUT menerima keputusan                              CBUT has received the refund of overpayment of
        tersebut. CBUT telah menerima pembayaran                       VAT amounting to Rp39,035,000 on December
        atas kelebihan pembayaran PPN tersebut                         18, 2023.
        sebesar    Rp39.035.000    pada   tanggal
        18 Desember 2023.

                                                         96
Page 412
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                        STATEMENTS
              Tanggal 31 Desember 2024                                              As of December 31, 2024
             dan untuk tahun yang berakhir                                          and for year then ended
                 pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
                kecuali dinyatakan lain)


19. PERPAJAKAN (lanjutan)                                                   19. TAXATION (continued)

   h.     Pemeriksaan pajak (lanjutan)                                          h. Tax assessment (continued)
          Entitas anak (lanjutan)                                                   Subsidiaries (continued)

           PT Citra Borneo Utama Tbk. (“CBUT”) (lanjutan)                           PT Citra Borneo Utama Tbk. (“CBUT”)
                                                                                    (continued)

           Pajak pertambahan nilai (lanjutan)                                       Value added tax (continued)

           Tahun pajak 2021                                                         Tax year 2021

           Pada tanggal 28 Oktober 2021, CBUT memperoleh                            On October 28, 2021, CBUT obtained
           SKPPKP dari DJP atas PPN tahun fiskal 2021                               SKPPKP from DGT on its fiscal year 2021
           sebesar Rp27.881.000 dibandingkan dengan lebih                           VAT amounting to Rp27,881,000 instead of
           bayar sebesar Rp29.911.000 yang dilaporkan pada                          the amount of Rp29,911,000 as reported in
           Surat Pemberitahuan Masa PPN. CBUT menerima                              the VAT monthly return. CBUT agreed with
           ketetapan tersebut. CBUT telah menerima                                  that assessment. CBUT has received the
           pembayaran atas kelebihan pembayaran PPN                                 refund of overpayment on VAT amounting to
           tersebut sebesar Rp27.881.000 pada tanggal                               Rp27,881,000 on January 5, 2022.
           5 Januari 2022.

          Tahun pajak 2020                                                          Tax year 2020

           Pada tanggal 16 April 2024, CBUT memperoleh                              On April 16, 2024, CBUT obtained STP from
           STP dari DJP yang menyatakan kurang bayar PPN                            the DGT stating an underpayment on its fiscal
           tahun fiskal 2020 sebesar Rp2.202.701. CBUT                              year 2020 VAT amounting to Rp2,202,701.
           tidak menerima      ketetapan tersebut     dan                           CBUT did not agree with the assessment and
           mengajukan keberatan kepada Kantor Pajak pada                            filed an objection to the Tax Office on June 13,
           tanggal 13 Juni 2024. Sampai dengan tanggal                              2024. Up to the completion date of this
           penyelesaian laporan keuangan konsolidasian ini,                         consolidated financial statements, CBUT had
           CBUT belum menerima hasil keputusan atas                                 not yet received the decision on its objection.
           permohonan keberatan tersebut.


 20. BEBAN AKRUAL                                                     20. ACCRUED EXPENSES

                                    31 Desember 2024/   31 Desember 2023/    31 Desember 2022/
                                    December 31, 2024   December 31, 2023    December 31, 2022

        Perizinan                         132.319.729                   -                    -                                 Permit
        Akrual biaya bunga                 13.142.195          13.278.655           36.564.101              Accrued interest expense
        Jasa profesional                    1.401.885           3.173.313            2.829.461                     Professional fees
        Operasional                           163.188          21.505.882           38.598.754                           Operational
        Jamsostek                                   -               4.805                    -                            Jamsostek
        Lain-lain                          19.194.856          27.540.191           38.662.215                                Others

        Total                             166.221.853          65.502.846          116.654.531                                 Total




                                                              97
Page 413
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                 STATEMENTS
         Tanggal 31 Desember 2024                                                       As of December 31, 2024
        dan untuk tahun yang berakhir                                                   and for year then ended
            pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
           kecuali dinyatakan lain)


21. UTANG BANK                                                           21. BANK LOAN

                                     31 Desember 2024/    31 Desember 2023/      31 Desember 2022/
                                     December 31, 2024    December 31, 2023      December 31, 2022

  Utang bank jangka pendek                                                                                       Short-term bank loans
   PT Bank Rakyat Indonesia                                                                                    PT Bank Rakyat Indonesia
      (Persero) Tbk. (BRI)               1.944.959.324        1.267.733.918                      -                 (Persero) Tbk. (BRI)
   Standard Chartered Bank                 250.141.557          298.880.978                      -              Standard Chartered Bank
   PT Bank Negara Indonesia                                                                                    PT Bank Negara Indonesia
      (Persero) Tbk. (BNI)                           -          870.726.630            973.981.690                 (Persero) Tbk. (BNI)

   Total                                 2.195.100.881        2.437.341.526            973.981.690                                  Total


  Utang bank jangka panjang                                                                                       Long-term bank loans
   Pinjaman Sindikasi                    2.972.309.760        3.365.258.698          3.513.942.700                      Syndication Loan
   PT Bank Negara Indonesia                                                                                    PT Bank Negara Indonesia
      (Persero) Tbk. (BNI)               1.060.060.539        1.429.375.225          2.047.672.692                 (Persero) Tbk. (BNI)
   PT Bank Rakyat Indonesia                                                                                    PT Bank Rakyat Indonesia
      (Persero) Tbk. (BRI)                 787.056.812          873.056.812             29.056.812                 (Persero) Tbk. (BRI)

                                         4.819.427.111        5.667.690.735          5.590.672.204
   Dikurangi: Biaya perolehan
      pinjaman yang belum
      diamortisasi                         (29.092.771)           (3.407.497)          (47.382.495)     Less: Unamortized financing costs

                                         4.790.334.340        5.664.283.238          5.543.289.709
   Utang bank jatuh tempo
      dalam satu tahun                    (989.173.991)        (897.754.076)          (856.786.228)          Current maturity of bank loan

   Utang bank jangka panjang
      setelah dikurangi bagian                                                                                  Long-term bank loan - net
      jatuh tempo dalam satu tahun       3.801.160.349        4.766.529.162          4.686.503.481                     current maturity



   Fasilitas Pinjaman Sindikasi                                                 Syndicated Loan Facility


   Berdasarkan Surat Pemberitahuan Putusan                                      Based on a Notice of Syndicated Financing
   Pembiayaan Sindikasi atas nama Perseroan tanggal                             Decision on behalf of the Company dated June 21,
   21 Juni 2022, Perseroan memperoleh fasilitas                                 2022, the Company obtained Senior Secured Term
   Senior Secured Term Loan atau Line Facility                                  Loan or Musyarakah Line Facility from PT Bank
   Musyarakah dari PT Bank Rakyat Indonesia                                     Rakyat Indonesia (Persero) Tbk., PT Bank Syariah
   (Persero) Tbk., PT Bank Syariah Indonesia, Tbk.,                             Indonesia, Tbk., PT Bank Woori Saudara Indonesia
   PT Bank Woori Saudara Indonesia 1906, Tbk.,                                  1906, Tbk., PT Bank Jtrust Indonesia, Tbk.,
   PT Bank Jtrust Indonesia, Tbk., PT Bank DKI,                                 PT Bank DKI, PT Maybank Indonesia, Tbk.,
   PT Maybank Indonesia, Tbk., PT BPD Sumsel                                    PT BPD Sumsel Babel, PT BPD Papua, dan
   Babel, PT BPD Papua, dan PT Bank Raya                                        PT Bank Raya Indonesia Tbk., with a maximum
   Indonesia Tbk., dengan batas maksimum kredit                                 amount of Rp4,300,000,000.
   sebesar Rp4.300.000.000.




                                                                98
Page 414
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                               STATEMENTS
             Tanggal 31 Desember 2024                                     As of December 31, 2024
            dan untuk tahun yang berakhir                                 and for year then ended
                pada tanggal tersebut                                (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
               kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                      21. BANK LOAN (continued)
   Fasilitas Pinjaman Sindikasi (lanjutan)                        Syndicated Loan Facility (continued)

   Perseroan (lanjutan)                                           The Company (continued)
   Pinjaman ini ditujukan untuk pembiayaan kembali atas            The purpose of this loan is to refinance of the Senior
   Obligasi Senior yang diterbitkan oleh SSMS Plantation           Notes issued by SSMS Plantation Holdings Pte.
   Holdings Pte. Ltd. (“SPH”), entitas anak.                       Ltd. (“SPH”), a subsidiary.
   Pinjaman tersebut akan dilunasi dalam 32 (tiga puluh            This loan will be repaid in 32 (tiga puluh dua)
   dua) angsuran tiga bulanan dengan angsuran terakhir             quarterly installments, and the final installment will
   akan jatuh tempo pada tanggal 31 Desember 2030.                 be due on December 31, 2030. In 2024, this loan
   Pada tahun 2024, pinjaman ini dikenakan bunga                   bears interest at the rate of 9.00% (2023: 9.00% and
   sebesar 9,00% (2023: 9,00% dan 2022: 9,00%) per                 2022: 9.00%) per annum and will be adjusted to the
   tahun dan akan disesuaikan dengan suku bunga pasar              market interest rate periodically.
   secara periodik.
   Pada tanggal 31 Desember 2024, Perseroan telah                  As of December 31, 2024, these loans have been
   melakukan penarikan semua fasilitas pinjaman ini.               fully draw down. The outstanding balance of these
   Saldo pinjaman Perseroan per 31 Desember 2024                   loans as of December 31, 2024 amounted to
   adalah sebesar Rp2.972.309.760.                                 Rp2,972,309,760.
   Fasilitas pinjaman ini dijamin dengan:                          The loan facility is secured by:
   1. Segala harta kekayaan Perseroan, baik yang                   1. All of the Company Assets, both movable and
        bergerak maupun tidak bergerak, baik yang sudah                 immovable, both existing and those that will
        ada maupun yang akan ada dikemudian hari.                       exist in the future.
   2. Seluruh jaminan merupakan jaminan paripassu                  2. All guarantees are paripassu guarantees for
        bagi pemberi fasilitas, oleh karenanya akan                     the facility provider, therefore a separate
        dibuatkan sebuah perjanjian terpisah yang                       agreement will be made which regulates the
        mengatur pelaksanaan pembagian hasil jaminan                    implementation of the distribution of the
        sesuai porsi pembiayaan masing- masing pemberi                  guarantee results according to the financing
        fasilitas.                                                      portion of each facility provider.
   3. Agunan Debitur/Nasabah akan                  dilakukan       3. The Company’s collateral will be fully bound
        pengikatan secara sempurna dengan nilai                         with a minimum coverage value of the
        coverage atas keseluruhan fasilitas sindikasi                   entire syndicated facility of 121% (one hundred
        minimum sebesar 121% (seratus dua puluh satu                    and twenty one percent).
        persen).
   4. Persediaan perseroan yang telah diikat dalam                 4. The Company’s inventories that has been
        sertifikat jaminan fidusia.                                   granted in the fiduciary guarantee certificate.
   5. Piutang Perseroan, PT Kalimantan Sawit Abadi                 5. The Company’s, PT Kalimantan Sawit Abadi’s
        dan PT Sawit Multi Utama (“entitas anak”) yang                and PT Sawit Multi Utama’s (“the Subsidiaries”)
        telah diikat dalam sertifikat jaminan fidusia.                receivables, that have been granted in the
                                                                      fiduciary guarantee certificate.
   6.     Tagihan klaim asuransi Perseroan, PT Kalimantan          6. The Company’s, PT Kalimantan Sawit Abadi’s
          Sawit Abadi dan PT Sawit Multi Utama (“entitas              and PT Sawit Multi Utama’s (“the Subsidiaries”)
          anak”) yang telah diikat dalam sertifikat jaminan           insurance claim bills, that have been granted in
          fidusia.                                                    the fiduciary guarantee certificate.
   7.    Perkebunan kelapa sawit Perseroan, termasuk di            7. The Company's oil palm plantations, including
         dalamnya tanah, tanaman, non-tanaman dan                     land, plants, non-plants and all factory
         seluruh bangunan pabrik sebagaimana tertera                  buildings as stated in the Company’s
         dalam sertifikat Hak Guna Usaha (“HGU”).                     certifcates of landright (“HGU”).
   8.    Perkebunan kelapa sawit PT Kalimantan Sawit               8. PT Kalimantan Sawit Abadi (“the Subsidiary”)
         Abadi (“entitas anak”) termasuk di dalamnya                  oil palm plantations, including land, plants,
         tanah, tanaman, non-tanaman dan seluruh                      non-plants and all factory buildings as stated in
         bangunan pabrik sebagaimana tertera dalam                    the Company’s certifcates of landright (“HGU”).
         sertifikat Hak Guna Usaha (“HGU”).
   9.    Perkebunan kelapa sawit PT Sawit Multi Utama              9.   PT Sawit Multi Utama (“the Subsidiary”) oil
         (“entitas anak”) termasuk di dalamnya tanah,                   palm plantations, including land, plants, non-
         tanaman, non-tanaman dan seluruh bangunan                      plants and all factory buildings as stated in the
         pabrik sebagaimana tertera dalam sertifikat Hak                certifcates of landright (“HGU”)
         Guna Usaha (“HGU”).
                                                          99
Page 415
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                    STATEMENTS
          Tanggal 31 Desember 2024                                          As of December 31, 2024
         dan untuk tahun yang berakhir                                      and for year then ended
             pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
            kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                        21. BANK LOAN (continued)
   Fasilitas Pinjaman Sindikasi (lanjutan)                          Syndicated Loan Facility (continued)
   Perseroan (lanjutan)                                             The Company (continued)

   Perjanjian pinjaman tersebut mengatur pula beberapa              The loan agreement stipulated several covenants,
   pembatasan, antara lain sebagai berikut:                         among others as follows:

   Perseroan harus menjaga kondisi keuangan berikut,                The Company shall maintain the following financial
   sebagaimana didefinisikan dalam perjanjian fasilitas:            condition, as defined in the facility agreement:
   -   Rasio Debt Service Coverage Konsolidasian                    -   Consolidated Debt Service Coverage ratio for
       periode terkait tidak kurang dari 1,25x.                         the related period not less than 1.25x.
   -   Rasio kewajiban terhadap ekuitas Konsolidasian               -   Consolidated Net Debt to equity ratio for the
       periode terkait tidak lebih dari 3,5x.                           related period not more than 3.5x.
   -   Rasio Kewajiban terhadap LTM Adjusted                        -   Consolidated Net Debt to LTM Adjusted
       EBITDA Konsolidasioan periode terkait tidak                      EBITDA ratio for the related period not more
       lebih dari 2,5x.                                                 than 2.5x.

   Fasilitas Kredit Investasi PT Bank Negara                        Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”)                                 Indonesia (Persero) Tbk. (“BNI”)
   Perseroan                                                        The Company
   Berdasarkan perjanjian pinjaman yang dilegalisasi                 Based on an Agreement of Investment Financing
   melalui Akta Notaris Dr. Tintin Surtini, S.H., M.H.,              which legalized by Dr. Notarial deed No. 83 and 84,
   M.Kn. No. 83 dan 84 tanggal 26 Juli 2019,                         Notary of Tintin Surtini, S.H., M.H., M.Kn. dated
   Perseroan memperoleh fasilitas pembiayaan                         July 26, 2019, the Company obtained investment
   investasi dan fasilitas Interest During Constructions             credit facility and Interest During Constructions
   (IDC) dari BNI dengan batas maksimum kredit                       (IDC) facility from BNI with a maximum amount of
   sebesar Rp249.519.000 dan Rp27.600.000.                           Rp249,519,000 and Rp27,600,000, respectively.
   Pinjaman ini untuk tujuan pembangunan tank farm                   This loan to finance construction of tank farm with
   dengan kapasitas 150.000 MT dan pembiayaan                        capacity of 150,000 MT and financing the interest
   bunga selama masa pembangunan tank farm di                        during the construction of tank farm in Surya Borneo
   Kawasan Industri Surya Borneo Industri, Kumai,                    Industri, Industrial estate in Kumai, Center of
   Kalimantan Tengah.                                                Kalimantan.

   Pinjaman tersebut akan dilunasi dalam 120 (seratus                This loan will be repaid in 120 (one hundred twenty)
   dua puluh) angsuran tiga bulanan, dengan masa                     quarterly installments, with grace period of 2 (two)
   tenggang selama 2 (dua) tahun angsuran terakhir                   years and the final installment will be due on
   akan jatuh tempo pada tanggal 25 Juli 2029.                       July 25, 2029. This loan bears interest at the rate of
   Pinjaman ini dikenakan bunga masing-masing                        9.25% (2023: 9.25% and 2022: 9.25%) per annum.
   sebesar 9,25% (2023: 9,25% dan 2022: 9,25%) per
   tahun.

   Perseroan telah melunasi seluruh pinjaman pada                    The Company has fully settled the loan on
   tanggal 1 November 2023.                                          November 1, 2023.




                                                           100
Page 416
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                 STATEMENTS
             Tanggal 31 Desember 2024                                       As of December 31, 2024
            dan untuk tahun yang berakhir                                   and for year then ended
                pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
               kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                        21. BANK LOAN (continued)

   Fasilitas Kredit Investasi PT Bank Negara                        Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                      Indonesia (Persero) Tbk. (“BNI”) (continued)


   Entitas anak                                                       The Subsidiaries

   PT Tanjung Sawit Abadi (“TSA”)                                    PT Tanjung Sawit Abadi (“TSA”)

   Berdasarkan perjanjian kredit investasi yang                      Based on a credit investment agreement which was
   dilegalisasi melalui Akta Notaris Dr. Tintin Surtini,             legalized by Notarial deed No. 18 and 19 dated
   S.H., M.H., M.Kn., No. 18 dan 19 tanggal                          December 9, 2016, Notary of Dr. Tintin Surtini, S.H.,
   9 Desember 2016, TSA memperoleh fasilitas                         M.H., M.Kn., TSA obtained financing facilities from
   pembiayaan dari BNI dengan batas maksimum                         BNI with maximum credit facility of Rp465,000,000
   kredit sebesar Rp465.000.000 dan AS$23.308.270                    and      US$23,308,270        or   equivalent      to
   atau setara dengan Rp310.000.000 untuk tujuan                     Rp310,000,000 for the refinancing of oil palm
   pembiayaan kembali kebun kelapa sawit dan pabrik                  plantations and palm oil mill purpose.
   kelapa sawit.

   Pinjaman tersebut akan dilunasi dalam 28 (dua                     This loan will be repaid in 28 (twenty eight) quarterly
   puluh delapan) angsuran tiga bulanan, dengan                      installments, with grace period for 2 (two) years, the
   masa tenggang selama 2 (dua) tahun, angsuran                      final installment will be due on December 25, 2025
   terakhir akan jatuh tempo pada tanggal                            and bears interest rate of 9.25% (2023: 9.25% and
   25 Desember 2025 dan dikenakan bunga masing-                      2022: 9.00%) per annum for loan denominated in
   masing sebesar 9,25% (2023: 9,25% dan 2022:                       Rupiah and 6.25% (2023: 6.00% and 2022: 6.00%)
   9,25%) per tahun untuk pinjaman dalam mata uang                   per annum for loan denominated in US Dollar,
   Rupiah dan 6,25% (2023: 6,00% dan 2022: 6,00%)                    respectively.
   per tahun untuk pinjaman dalam mata uang Dollar
   AS.

   Fasilitas pinjaman ini dijamin dengan:                           The loan facility is secured by:
   1.    Tanah seluas 148.090 meter persegi milik TSA                1.   Land area of 148,090 square meters owned by
         yang berlokasi di Lamandau, Kotawaringin                         TSA located in Lamandau, Kotawaringin Barat
         Barat sebagaimana tertera dalam sertifikat Hak                   as stated in the Company’s certificates of
         Guna    Usaha ("HGU") termasuk aset                              landright (“HGU”) including plantation assets,
         perkebunan, bangunan, dan instalasi atasnya.                     buildings, and the installations thereon.
   2.     Tanah seluas 14.947 hektar milik TSA yang                  2.   Land area of 14,947 hectares owned by TSA
          masih dalam proses mendapatkan sertifikat                       which is in the process of obtaining the HGU.
          HGU.
   3.     Penjaminan oleh Perseroan.                                 3.   Corporate guarantee from the Company.

   Pada tanggal 31 Desember 2024, pinjaman tersebut                  As of December 31, 2024, these loan has been fully
   telah ditarik seluruhnya. Saldo pinjaman per                      drawndown. The outstanding balance of these
   31 Desember 2024 adalah sebesar Rp111.600.000                     loans as of December 31, 2024 amounted to
   dan US$5.593.985.                                                 Rp111,600,000 and US$5,593,985.




                                                           101
Page 417
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                    STATEMENTS
          Tanggal 31 Desember 2024                                          As of December 31, 2024
         dan untuk tahun yang berakhir                                      and for year then ended
             pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
            kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                        21. BANK LOAN (continued)

   Fasilitas Kredit Investasi PT Bank Negara                         Investment Credit Facility from PT Bank
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                       Negara Indonesia (Persero) Tbk. (“BNI”)
                                                                     (continued)
   Entitas anak (lanjutan)                                           The Subsidiaries (continued)

   PT Mitra Mendawai Sejati (“MMS”)                                  PT Mitra Mendawai Sejati (“MMS”)

   Berdasarkan perjanjian pinjaman yang dilegalisasi                 Based on an Agreement of Investment Financing
   melalui Akta Notaris Dr. Tintin Surtini, SH., MH.,                legalized by Notarial Deed No. 40 and 41, of Dr.
   Mkn., No. 40 dan 41 tanggal 26 Oktober 2018. MMS                  Tintin Surtini, SH., MH., Mkn., dated October 26,
   memperoleh fasilitas pembiayaan dari BNI dengan                   2018, MMS obtained financing facilities from BNI
   batas maksimum kredit sebesar Rp570.000.000                       with a maximum facility of Rp570,000,000 and
   dan    AS$25.020.576     atau    setara    dengan                 US$25,020,576 or equivalent to Rp380,000,000
   Rp380.000.000 untuk tujuan pembiayaan kembali                     for the refinancing of plantations and palm oil mill
   kebun kelapa sawit dan pabrik kelapa sawit di desa                in Runtu and Umpang Village, Central Kalimantan.
   Runtu dan Umpang, Kalimantan Tengah. Pinjaman                     This loan will be repaid in 32 (thirty two) quarterly
   tersebut akan dilunasi dalam 32 (tiga puluh dua)                  installments, with grace period of 2 (two) years, the
   angsuran tiga bulanan, dengan masa tenggang                       final installment will be due on October 25, 2026
   selama 2 (dua) tahun, angsuran terakhir akan jatuh                and bears interest at the rate of 9.25% (2023:
   tempo pada tanggal 25 Oktober 2026 dan                            9.25% and 2022: 9,25%) per annum for Rupiah
   dikenakan bunga masing-masing sebesar 9,25%                       denominated loan and 6.00% (2023: 6.00% and
   (2023: 9,25% dan 2022: 9,25%) per tahun untuk                     2022: 6.00%) per annum for US Dollar
   pinjaman dalam mata uang Rupiah dan 6,00%                         denominated loan, respectively.
   (2023: 6,00% dan 2022: 6,00%) untuk pinjaman
   dalam mata uang Dolar AS per tahun.
   Pada tanggal 31 Desember 2024, pinjaman ini telah                 As of December 31, 2024, these loans have been
   ditarik seluruhnya. Saldo pinjaman MMS per                        fully draw down. The outstanding balance of these
   31 Desember 2024 adalah sebesar Rp193.800.000                     loans as of December 31, 2024 amounted to
   dan AS$8.506.996.                                                 Rp193,800,000 and US$8,506,996.
   Fasilitas pinjaman ini dijamin dengan:                            The loan facility is secured by:
   1. Tanah seluas 8.921 meter persegi milik MMS                     1. Land area of 8,921 square meters owned by
       yang berlokasi di desa Umpang, Arut Selatan,                      MMS located in Umpang village, South Arut,
       Kotawaringin Barat sebagaimana tertera dalam                      Kotawaringin Barat as stated in the
       sertifikat Hak Guna Usaha ("HGU") termasuk                        Company’s certificates of landright (“HGU”)
       aset perkebunan, bangunan dan instalasi                           including plantation assets, buildings and the
       atasnya.                                                          installations thereon.
   2. Jaminan oleh PT Mandiri Indah Lestari dan                      2. Corporate guarantee from PT Mandiri Indah
       PT Prima Sawit Borneo.                                            Lestari and PT Prima Sawit Borneo.

   PT Menteng Kencana Mas (“MKM”)                                    PT Menteng Kencana Mas (“MKM”)
   Berdasarkan perjanjian pinjaman yang dilegalisasi                 Based on an Agreement of Investment Financing
   melalui Akta Notaris Dr. Tintin Surtini, S.H., M.H.,              which legalized by Notarial deed No. 19, 20, 21,
   M.Kn., No. 19, 20, 21, 22, 23, dan 24 tanggal 19 Juli             22, 23, and 24, Notary of Dr. Tintin Surtini, S.H.,
   2019, MKM memperoleh beberapa fasilitas                           M.H., M.Kn., dated July 19, 2019, MKM obtained
   pembiayaan dari BNI.                                              financing facilities from BNI.
   Pinjaman tersebut terdiri dari:                                   The facilities consist of:
   1. Fasilitas Pembiayaan Investasi I dengan batas                  1. Investment Financing Facility I with a
        maksimum kredit sebesar Rp482.212.000 dan                        maximum facility of Rp482,212,000 for the
        digunakan untuk pembiayaan kebun.                                financing of oil palm plantations purpose.
   2. Fasilitas Pembiayaan Investasi II dengan batas                 2. Investment Financing Facility II with a
        maksimum kredit sebesar Rp151.636.000 dan                        maximum facility of Rp151,636,000 for the
        digunakan untuk pembiayaan kebun.                                financing of oil palm plantations purpose.



                                                           102
Page 418
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                      STATEMENTS
          Tanggal 31 Desember 2024                                            As of December 31, 2024
         dan untuk tahun yang berakhir                                        and for year then ended
             pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
            kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                          21. BANK LOAN (continued)

   Fasilitas Kredit Investasi PT Bank Negara                          Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                        Indonesia (Persero) Tbk. (“BNI”) (continued)

   Entitas anak (lanjutan)                                            The Subsidiaries (continued)

   PT Menteng Kencana Mas (“MKM”) (lanjutan)                          PT Menteng Kencana Mas (“MKM”) (continued)
   Berdasarkan perjanjian pinjaman yang dilegalisasi                   Based on an Agreement of Investment Financing
   melalui Akta Notaris Tintin Surtini, S.H., M.H., M.Kn.,             which legalized by Notarial deed No. 19, 20, 21, 22,
   No. 19, 20, 21, 22, 23, dan 24 tanggal 19 Juli 2019,                23, and 24, Notary of Tintin Surtini, S.H., M.H.,
   MKM memperoleh beberapa fasilitas pembiayaan                        M.Kn., dated July 19, 2019, MKM obtained
   dari BNI (lanjutan).                                                financing facilities from BNI (continued).
   Pinjaman tersebut terdiri dari: (lanjutan)                         The facilities consist of: (continued)
   3. Fasilitas Pembiayaan Investasi III dengan batas                 3. Investment Financing Facility III with a
        maksimum kredit sebesar Rp185.367.000 dan                          maximum facility of Rp185,367,000 and
        AS$3.319.445. Fasilitas ini digunakan untuk                        US$3,319,445. This facility is used for
        pembiayaan pabrik kelapa sawit, biogas, dan                        financing of oil palm mill, biogas, and jetty
        dermaga.                                                           purpose.
   4. Fasilitas       Pembiayaan       Interest During                 4. Interest During Construction Facility II with a
        Construction II dengan batas maksimum kredit                      maximum facility of Rp25,600,000 and
        sebesar Rp25.600.000 dan AS$458.453.                              US$458,453. This facility is used for financing
        Fasilitas ini digunakan untuk pembiayaan atas                     of interest during construction of oil palm mill,
        bunga pinjaman selama proses pembangunan                          biogas, and jetty.
        pabrik kelapa sawit, biogas, dan dermaga.
   Pinjaman tersebut akan dilunasi dalam 120 (seratus                  This loan will be repaid in 120 (one hundred twenty)
   dua puluh) angsuran tiga bulanan, dengan masa                       quarterly installments, with grace period of 2 (two)
   tenggang selama 2 (dua) tahun, angsuran terakhir                    years, the final installment will be due on July 18,
   akan jatuh tempo pada tanggal 18 Juli 2029 dan                      2029 and bears interest at the rate of 9.75% (2023:
   dikenakan bunga masing-masing sebesar 9,75%                         9.75% and 2022: 9.25%) per annum for Rupiah
   (2023: 9,75% dan 2022: 9,25%) per tahun untuk                       denominated loan and 5.75% (2023: 5.75% and
   pinjaman dalam mata uang Rupiah dan 5,75%                           2022: 6.00%) per annum for US Dollar
   (2023: 5,75% dan 2022: 6,00%) per tahun untuk                       denominated loan per annum, respectively.
   pinjaman dalam mata uang Dolar AS
   Saldo pinjaman per 31 Desember 2024 sebesar                         The      balance        of    these     loans     as  of
   Rp354.001.341 dan AS$2.758.229. Saldo tersebut                      December 31, 2024 amounted to Rp354,001,341
   merupakan bagian dari Fasilitas Pembiayaan                          and US$2,758,229, respectively. The outstanding
   Investasi I, II, dan III serta fasilitas IDC I dan II.              balances represent part of Investment Financing
                                                                       Facility I, II, and III, and IDC facilities I and II.

    Fasilitas pinjaman ini dijamin dengan:                            The loan facilities are secured by:
    1. Tanah seluas 2.596 Ha milik MKM yang                            1. Land area of 2,596 Ha owned by MKM located
       berlokasi di Pulang Pisau, Kalimantan Tengah                       in Pulang Pisau, Central of Kalimantan as
       sebagaimana tertera dalam sertifikat Hak Guna                      stated in the Company’s certificates of landright
       Usaha ("HGU").                                                     (“HGU”).
    2. Tanah seluas 296 Ha milik MKM yang berlokasi                    2. Land area of 296 Ha owned by MKM located in
       di Pulang Pisau, Kalimantan Tengah                                 Pulang Pisau, Central of Kalimantan as stated
       sebagaimana tertera dalam sertifikat Hak Guna                      in the Company’s certificates of buildingright
       Bangunan ("HGB").                                                  (“HGB”).




                                                             103
Page 419
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                 STATEMENTS
          Tanggal 31 Desember 2024                                       As of December 31, 2024
         dan untuk tahun yang berakhir                                   and for year then ended
             pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
            kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                     21. BANK LOAN (continued)

    Fasilitas Kredit Investasi PT Bank Negara                     Investment Credit Facility from PT Bank Negara
    Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                   Indonesia (Persero) Tbk. (“BNI”) (continued)

    Entitas anak (lanjutan)                                      Subsidiaries (continued)

    PT Menteng Kencana Mas (“MKM”) (lanjutan)                     PT Menteng Kencana Mas (“MKM”) (continued)

    Fasilitas pinjaman ini dijamin dengan: (lanjutan)            The loan facilities are secured by: (continued)

    3. Tanah dengan dengan status Ijin Usaha                      3. Land area with of the status of a Large
       Perkebunan Besar yang diikat dengan                           Plantation Business Permit that is bound by a
       Perjanjian  Penyerahan      Jaminan   dan                     Guarantee and Provision of Authority
       Pemberian     Kuasa     (PPJPK)     senilai                   Agreement (PPJPK) amounted Rp350,726,000.
       Rp350.726.000.
    4. Jaminan oleh PT Mandiri Indah Lestari dan                  4. Corporate guarantee from PT Mandiri Indah
       PT Prima Sawit Borneo.                                        Lestari and PT Prima Sawit Borneo.
    5. Saham MKM yang dimiliki oleh KSA dan MMS.                  5. MKM’s shares owned by KSA and MMS.

    Perjanjian pinjaman tersebut mengatur pula beberapa           The loan agreement stipulated several covenants,
    pembatasan, antara lain sebagai berikut:                      among others as follows:
    1. MKM harus menjaga kondisi keuangan berikut,                1. MKM shall maintain the following financial
       sebagaimana didefinisikan dalam perjanjian                    condition, as defined in the facility agreement:
       fasilitas:                                                    - Current ratio for the related period not less
       - Rasio lancar periode terkait tidak kurang                      than 1.0x.
          dari 1,0x.                                                 - Debt to equity ratio for the related period
       - Rasio kewajiban terhadap ekuitas periode                       not more than 2.6x.
          terkait tidak lebih dari 2,6x.                             - Debt Service Coverage ratio for the related
       - Rasio Debt Service Coverage periode                            period not less than 1.0x.
          terkait tidak kurang dari 1,0x.
    2.   Mengasuransikan seluruh aset jaminan pada                2. Insuring all pledged assets as collaterals to the
         Perseroan asuransi yang disetujui oleh BNI serta            insurance company approved by BNI and the
         dalam polis asuransi tersebut harus memuat                  insurance policy should include Banker's Clause.
         Banker's Clause.
    3.   Tidak diperkenankan melakukan merger, akuisisi           3. Not allowed to conduct mergers, acquisitions and
         dan penjualan atau pemindahtanganan atau                    the sale or transfer or disposal of the Company’s
         pelepasan hak atas harta kekayaan Perseroan,                property rights, except in the ordinary course of
         kecuali dalam rangka kegiatan usaha sehari-hari.            day-to-day operations.

    4.   Tidak diperkenankan melakukan pembayaran                 4. Not allowed to make repayments and/or settlement
         dan/atau pelunasan atas pinjaman yang diperoleh             of loans obtained from the Shareholder, affiliated
         dari Pemegang Saham, entitas berelasi, entitas              company, subsidiaries, and third parties.
         anak maupun pihak ketiga lainnya.
    5.   Kegagalan perusahaan        afiliasi   memenuhi          5. Failure of affiliated companies to fulfill its
         kewajiban kepada bank.                                      obligations to the bank.




                                                        104
Page 420
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                    STATEMENTS
          Tanggal 31 Desember 2024                                          As of December 31, 2024
         dan untuk tahun yang berakhir                                      and for year then ended
             pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
            kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                        21. BANK LOAN (continued)
   Fasilitas Kredit Investasi PT Bank Negara                         Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                       Indonesia (Persero) Tbk. (“BNI”) (continued)
    Entitas anak (lanjutan)                                          Subsidiaries (continued)

    PT Mirza Pratama Putra (“MPP”)                                   PT Mirza Pratama Putra (“MPP”)

    Berdasarkan perjanjian pinjaman yang dilegalisasi                Based on an Agreement of Investment Financing
    melalui Akta Notaris Dr. Tintin Surtini, S.H., M.H.,             which legalized by Notarial deed No. 18 and 19,
    M.Kn., No. 18 dan 19 tanggal 4 November 2019,                    Notary of Dr. Tintin Surtini, S.H., M.H., M.Kn., dated
    MPP memperoleh fasilitas pembiayaan investasi                    November 4, 2019, MPP obtained investment credit
    dan fasilitas Interest During Constructions (IDC)                facility and Interest During Constructions (IDC)
    dari BNI dengan batas maksimum kredit sebesar                    facility from BNI with a maximum amount of
    Rp169.803.000 dan Rp22.900.000 untuk tujuan                      Rp169,803,000 and Rp22,900,000, respectively to
    pembangunan pabrik kelapa sawit, biogas, dan                     finance construction of palm oil mill, biogas, and
    pembiayaan bunga selama masa pembangunan                         financing the interest during the construction
    pembagunan pabrik kelapa sawit dan biogas di                     Lamandau, Central of Kalimantan.
    Lamandau, Kalimantan tengah.
    Pinjaman tersebut akan dilunasi dalam 120                        This loan will be repaid in 120 (one hundred twenty)
    (seratus dua puluh) angsuran tiga bulanan, dengan                quarterly installments, with grace period of 2 (two)
    masa tenggang selama 2 (dua) tahun, angsuran                     years, the final installment will be due on
    terakhir akan jatuh tempo pada tanggal                           November 3, 2029 and bears interest at the rate of
    3 November 2029 dan dikenakan bunga                              9.25% (2023: 9.25%; and 2022: 9.25%) per annum.
    masing-masing sebesar 9,25% (2023: 9,25%; dan
    2022: 9,25%) per tahun.

    Saldo pinjaman per 31 Desember 2024 adalah                       The      balance  of   these    loans    as    of
    sebesar Rp111.003.000 dan Rp18.442.590. Saldo                    December 31, 2024 amounted to Rp111,003,000
    tersebut merupakan bagian dari Fasilitas                         dan Rp18,442,590, respectively. The outstanding
    Pembiayaan Investasi dan IDC.                                    balances represents part of Investment Financing
                                                                     Facility and IDC.

    Fasilitas pinjaman ini dijamin dengan:                          The loan facilities are secured by:
    1. Lahan pembangunan pabrik kelapa sawit yang                   1. Land for the construction of a palm oil mill
       diikat dengan Perjanjian Penyerahan Jaminan                     bounded by a Guarantee and Provision of
       dan Pemberian Kuasa (PPJPK) senilai                             Authority Agreement (PPJPK) amounted to
       Rp192.703.000.                                                  Rp192,703,000.
    2. Saham MPP yang dimiliki oleh KSA dan MMS.                    2. MPP’s shares owned by KSA and MMS
    3. Penjaminan oleh PT Prima Sawit Borneo dan                    3. Corporate guarantee from PT Prima Sawit
       PT Mandiri Indah Lestari.                                       Borneo and PT Mandiri Indah Lestari.




                                                           105
Page 421
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                           PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                      AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                          NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                            STATEMENTS
             Tanggal 31 Desember 2024                                  As of December 31, 2024
            dan untuk tahun yang berakhir                              and for year then ended
                pada tanggal tersebut                             (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                             unless otherwise stated)
               kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                   21. BANK LOAN (continued)
   Fasilitas Kredit Investasi PT Bank Negara                    Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                  Indonesia (Persero) Tbk. (“BNI”) (continued)
   Entitas anak (lanjutan)                                      Subsidiaries (continued)

   PT Mirza Pratama Putra (“MPP”) (lanjutan)                    PT Mirza Pratama Putra (“MPP”) (continued)

   Perjanjian pinjaman tersebut mengatur pula beberapa         The loan agreement stipulated several covenants,
   pembatasan, antara lain sebagai berikut:                    among others as follows
   1. MPP harus menjaga kondisi keuangan berikut,              1.    MPP shall maintain the following financial
      sebagaimana didefinisikan dalam perjanjian                    condition, as defined in the facility agreement:
      fasilitas:                                                    - Current ratio for the related period not less
      - Rasio lancar periode terkait tidak kurang                      than 1.0x.
         dari 1,0x.                                                 - Debt to equity ratio for the related period
      - Rasio kewajiban terhadap ekuitas periode                       not more than 2.6x.
         terkait tidak lebih dari 2,6x.                             - Debt Service Coverage ratio for the related
      - Rasio Debt Service Coverage periode                            period not less than 1.0x.
         terkait tidak kurang dari 1,0x.
   2. Mengasuransikan seluruh aset jaminan pada                2. Insure all pledged assets as collaterals to the
      perusahaan asuransi yang disetujui oleh BNI serta           insurance company approved by BNI and the
      dalam polis asuransi tersebut harus memuat                  insurance policy should include Banker's Clause.
      Banker's Clause.
   3. Tidak diperkenankan melakukan merger, akuisisi           3. Not allowed to conduct mergers, acquisitions and
      dan penjualan atau pemindahtanganan atau                    the sale or transfer or disposal of the MPP’s
      pelepasan hak atas harta kekayaan MPP, kecuali              property rights, except in the ordinary course of
      dalam rangka kegiatan usaha sehari-hari.                    day-to-day operations.
   4. Tidak diperkenankan melakukan pembayaran                 4. Not allowed to make repayments and/or settlement
      dan/atau pelunasan atas pinjaman yang diperoleh             of loans obtained from the Shareholder, affiliated
      dari Pemegang Saham, entitas berelasi, entitas              company, subsidiaries, and third parties.
      anak maupun pihak ketiga lainnya.
   5.     Kegagalan perusahaan      afiliasi   memenuhi        5. Failure of affiliated companies to fulfill its
          kewajiban kepada bank.                                  obligations to the bank.

   PT Citra Borneo Utama Tbk. (“CBUT”)                          PT Citra Borneo Utama Tbk. (“CBUT”)

   Berdasarkan Fasilitas Kredit No. LMC-2/2.1/091/R            Based on a Credit Facility No. LMC-2/2.1/091/R dated
   tanggal 30 April 2018 yang kemudian diubah                  April 30, 2018, which was then amended by Letter No.
   dengan Surat          No. KPS2/2.5/3081 tanggal             KPS2/2.5/3081 dated November 7, 2022, CBUT
   7 November 2022, CBUT memperoleh fasilitas                  obtained credit loan facilities from PT Bank Negara
   pinjaman kredit dari PT Bank Negara Indonesia               Indonesia (Persero) Tbk, which consist of:
   (Persero) Tbk, yang terdiri dari:
   a.    Fasilitas Investasi Pembiayaan Kembali dengan         a.   Investment Refinancing Facility with a
         batas maksimum kredit sebesar AS$11.697.153                maximum credit limit of US$11,697,153 to
         untuk tujuan pembiayaan kembali pabrik kilang              refinance CBUT’s Refinery and Fractination
         minyak dan fraksinasi, beserta bangunan dan                factory including building and supporting facilities,
         sarana pendukungnya milik CBUT, berlokasi di               located in CBUT’s industrial area. This facility
         kawasan industri CBUT. Fasilitas tersebut                  bears financing margin of 6% per annum with
         dikenakan margin pembiayaan sebesar 6% per                 term of credit of 84 (eighty-four) months,
         tahun dengan jangka waktu kredit selama 84                 commencing from the first drawdown and will be
         (delapan puluh empat) bulan, terhitung sejak               due for repayment on May 21, 2025.
         tanggal pencairan pertama dan akan jatuh tempo
         pada tanggal 21 Mei 2025.




                                                      106
Page 422
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                 STATEMENTS
             Tanggal 31 Desember 2024                                       As of December 31, 2024
            dan untuk tahun yang berakhir                                   and for year then ended
                pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
               kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                        21. BANK LOAN (continued)

   Fasilitas Kredit Investasi PT Bank Negara                         Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                       Indonesia (Persero) Tbk. (“BNI”) (continued)
   Entitas anak (lanjutan)                                           Subsidiaries (continued)

   PT Citra Borneo Utama Tbk. (“CBUT”) (lanjutan)                    PT Citra Borneo            Utama      Tbk.    (“CBUT”)
                                                                     (continued)

   Berdasarkan Fasilitas Kredit No. LMC-2/2.1/091/R                  Based on a Credit Facility No. LMC-2/2.1/091/R
   tanggal 30 April 2018 yang kemudian diubah                        dated April 30, 2018 which was then amended by
   dengan Surat          No. KPS2/2.5/3081 tanggal                   Letter No. KPS2/2.5/3081 dated November 7, 2022,
   7 November 2022, CBUT memperoleh fasilitas                        CBUT obtained credit loan facilities from PT Bank
   pinjaman kredit dari PT Bank Negara Indonesia                     Negara Indonesia (Persero) Tbk, which consist of:
   (Persero) Tbk, yang terdiri dari: (lanjutan)                      (continued)

   a.    Pada     tanggal 31 Desember 2022, saldo                    a.   As of December 31, 2022, the outstanding loan
         pinjaman tersebut sebesar AS$6.599.779 atau                      was amounting to US$6,599,779 or equivalent to
         setara dengan Rp103.821.000.                                     Rp103,821,000.

         Pada tanggal 31 Desember 2023, pinjaman                          As of December 31, 2023, the loan has been fully
         tersebut telah dilunasi.                                         settled.
   b.    Fasilitas Kredit Investasi Pengembangan                     b. Refinery Development Investment Credit
         Kilang Minyak dengan batas maksimum kredit                     Facility with a maximum credit limit of
         sebesar    Rp134.825.000       untuk    tujuan                 Rp134,825,000 to develop refinery and
         pengembangan fasilitas pendukung pabrik                        fractination factory supporting facilities, located
         kilang minyak dan fraksinasi, berlokasi di                     in CBUT’s indstrial area. This facility bears
         kawasan industri CBUT. Fasilitas tersebut                      interest rate at 9.25% per annum with term of
         dikenakan bunga sebesar 9,25% per tahun                        credit of 84 (eighty-four) months, including 18
         dengan jangka waktu kredit selama 84 (delapan                  (eighteen)     months     of     grace       period,
         puluh empat) bulan, termasuk grace period 18                   commencing from the first drawdown and will
         (delapan belas) bulan, terhitung sejak tanggal                 be due for repayment on May 21,2025.
         pencairan pertama dan akan jatuh tempo pada
         tanggal 21 Mei 2025.

         Pada tanggal 31 Desember 2022, saldo                             As of December 31, 2022, the outstanding loan
         pinjaman tersebut sebesar AS$5.334.793, atau                     was amounting to US$5,334,793 or equivalent
         setara dengan Rp79.211.000. Pada tanggal                         to Rp79,211,000. As of December 31, 2023, the
         31 Desember 2023, pinjaman tersebut telah                        loan has been fully settled.
         dilunasi seluruhnya.
   c.    Fasilitas Kredit Investasi Pengembangan                     c. Refinery Development Investment Credit
         Kilang Minyak - Interest During Construction                   Facility - Interest During Construction with a
         dengan batas maksimum kredit sebesar                           maximum credit limit of Rp11,830,000 to
         Rp11.830.000 untuk tujuan pembiayaan 80%                       finance 80% of the interest cost on Refinery
         biaya bunga atas fasilitas Kredit Investasi                    Development Investment Credit Facility during
         Pengembangan Kilang Minyak selama masa                         the grace period. This facility bears financing
         grace period. Fasilitas tersebut dikenakan                     margin of 9.25% per annum with term of credit
         margin pembiayaan sebesar 9,25% per tahun                      of 84 (eighty-four) months, including 18
         dengan jangka waktu kredit selama 84                           (eighteen)     months     of   grace     period,
         (delapan puluh empat) bulan, termasuk grace                    commencing from the first drawdown and will
         period 18 (delapan belas) bulan terhitung sejak                be due for repayment on May 21, 2025.
         tanggal pencairan pertama dan akan jatuh
         tempo pada tanggal 21 Mei 2025.




                                                           107
Page 423
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                  STATEMENTS
             Tanggal 31 Desember 2024                                        As of December 31, 2024
            dan untuk tahun yang berakhir                                    and for year then ended
                pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
               kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                         21. BANK LOAN (continued)

   Fasilitas Kredit Investasi PT Bank Negara                          Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                        Indonesia (Persero) Tbk. (“BNI”) (continued)

   Entitas anak (lanjutan)                                            Subsidiaries (continued)

   PT Citra Borneo Utama Tbk (“CBUT”) (lanjutan)                      PT Citra Borneo             Utama      Tbk    (“CBUT”)
                                                                      (continued)

   Berdasarkan Fasilitas Kredit No. LMC-2/2.1/091/R                   Based on a Credit Facility No. LMC-2/2.1/091/R
   tanggal 30 April 2018 yang kemudian diubah dengan                  dated April 30, 2018 which was then amended
   Surat       No.        KPS2/2.5/3081         tanggal               by Letter No. KPS2/2.5/3081 dated November 7,
   7 November 2022, CBUT memperoleh fasilitas                         2022, CBUT obtained credit loan facilities from
   pinjaman kredit dari PT Bank Negara Indonesia                      PT Bank Negara Indonesia (Persero) Tbk, which
   (Persero) Tbk, yang terdiri dari: (lanjutan)                       consist of: (continued)

   c.    Pada tanggal 31 Desember 2022, saldo                         c.   As of December 31, 2022, the outstanding
         pinjaman tersebut sebesar AS$341.618 atau                         loan was amounting to US$341,618 or
         setara dengan Rp5.374.000. Pada tanggal 31                        equivalent  to   Rp5,374,000.    As     of
         Desember 2023, pinjaman tersebut telah                            December 31, 2023, the loan has been fully
         dilunasi seluruhnya.                                              settled.

   d.    Fasilitas Investasi Pembangunan Pabrik                       d.   Kernel      Crushing     Plant     Contruction
         Penghancur Kernel dengan batas maksimum                           Investment Financing Facility with a maximum
         kredit sebesar Rp90.505.000 untuk tujuan                          credit limit of Rp90,505,000 to finance the
         pembiayaan pembangunan fasilitas Pabrik                           CBUT’s Construction of Kernel Crushing Plant
         Penghancur Kernel, berlokasi di kawasan                           Facilities, located in the CBUT’s industrial
         industri CBUT. Fasilitas tersebut dikenakan                       area. This facility bears financing margin of
         margin pembiayaan sebesar 9,25% per tahun                         9.25% per annum with term of credit of 84
         dengan jangka waktu kredit selama 84 (delapan                     (eighty-four) months, including 18 (eighteen)
         puluh empat) bulan, termasuk grace period                         months of grace period, commencing from the
         18 (delapan belas) bulan, terhitung sejak                         first drawdown and will be due for repayment
         tanggal pencairan pertama dan akan jatuh                          on July 18, 2026.
         tempo pada tanggal 18 Juli 2026.

         Pada tanggal 31 Desember 2022, saldo                              As of December 31, 2022, the outstanding
         pinjaman tersebut sebesar AS$4.746.424 atau                       loan was amounting to US$4,746,424 or
         setara dengan Rp74.666.000. Pada tanggal                          equivalent  to  Rp74,666,000.     As    of
         31 Desember 2023, pinjaman tersebut telah                         December 31, 2023, the loan has been fully
         dilunasi seluruhnya.                                              settled.
   e.    Fasilitas Investasi Pembangunan Pabrik                       e.   Kernel Crushing Plant Contruction Investment
         Penghancur     Kernel -      Interest    During                   Financing     Facility   -    Interest  During
         Construction dengan batas maksimum kredit                         Construction with a maximum credit limit of
         sebesar Rp7.941.000 untuk tujuan pembiayaan                       Rp7,941,000 to finance 80% of the interestcost
         80% biaya bunga atas fasilitas Kredit Investasi                   on Kernel Crushing Plant Contruction
         Pembangunan Pabrik Penghancur Kernel                              Investment Financing Facility during the grace
         selama masa grace period. Fasilitas tersebut                      period. This facility bears financing margin of
         dikenakan margin pembiayaan sebesar 9,25%                         9.25% per annum with term of credit of 84
         per tahun dengan jangka waktu kredit selama                       (eighty-four) months, including 18 (eighteen)
         84 (delapan puluh empat) bulan, termasuk                          months of grace period, commencing from the
         grace period 18 (delapan belas) bulan, terhitung                  first drawdown and will be due for repayment
         sejak tanggal pencairan pertama dan akan                          on July 18, 2026.
         jatuh tempo pada tanggal 18 Juli 2026.




                                                            108
Page 424
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                               PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                STATEMENTS
             Tanggal 31 Desember 2024                                      As of December 31, 2024
            dan untuk tahun yang berakhir                                  and for year then ended
                pada tanggal tersebut                                 (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                 unless otherwise stated)
               kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                       21. BANK LOAN (continued)

   Fasilitas Kredit Investasi PT Bank Negara                        Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                      Indonesia (Persero) Tbk. (“BNI”) (continued)

   Entitas anak (lanjutan)                                          Subsidiaries (continued)

   PT Citra Borneo Utama Tbk (“CBUT”) (lanjutan)                    PT Citra Borneo            Utama      Tbk     (“CBUT”)
                                                                    (continued)

   Berdasarkan Fasilitas Kredit No. LMC-2/2.1/091/R                 Based on a Credit Facility No. LMC-2/2.1/091/R
   tanggal 30 April 2018 yang kemudian diubah dengan                dated April 30, 2018 which was then amended
   Surat       No.        KPS2/2.5/3081         tanggal             by Letter No. KPS2/2.5/3081 dated November 7,
   7 November 2022, CBUT memperoleh fasilitas                       2022, CBUT obtained credit loan facilities from
   pinjaman kredit dari PT Bank Negara Indonesia                    PT Bank Negara Indonesia (Persero) Tbk, which
   (Persero) Tbk, yang terdiri dari: (lanjutan)                     consist of: (continued)

   e.    Pada tanggal 31 Desember 2022, saldo                       e.   As of December 31, 2022, the outstanding
         pinjaman tersebut sebesar AS$344.161 atau                       loan was amounting to US$344,161 or
         setara dengan Rp5.414.000.                                      equivalent to Rp5,414,000, respectively.

         Pada tanggal 31 Desember 2023, pinjaman                         As of December 31, 2023, the loan has been
         tersebut telah dilunasi seluruhnya.                             fully settled.

   f.    Fasilitas Kredit Modal Kerja dengan batas                  f.   Working Capital Credit Facility with a
         maksimum kredit sebesar AS$75.000.000                           maximum credit limit of US$75,000,000 to
         untuk tujuan pembiayaan modal kerja pabrik                      finance working capital of Refinery factory
         kilang minyak yang berlokasi di kawasan                         located in the SBI’s industrial area. This facility
         industri SBI. Fasilitas tersebut   dikenakan                    bears financing margin of 6% per annum with
         margin pembiayaan sebesar 6% per tahun                          the    term of credit of 12 (twelve) months,
         dengan jangka waktu kredit selama 12 (dua                       commencing from the first drawdown and will
         belas bulan) bulan, terhitung sejak tanggal                     be due for repayment on May 3, 2024.
         pencairan pertama dan akan jatuh tempo pada
         tanggal 3 Mei 2024.

         Pada tanggal 31 Desember 2022, saldo                            As of December 31, 2022, the outstanding
         pinjaman tersebut sebesar AS$61.914.798 atau                    loan was amounting to US$61,914,798 or
         setara dengan Rp973.982.000. Pada tanggal                       equivalent to Rp973,982,000. As of December
         31 Desember 2023, pinjaman tersebut telah                       31, 2023, the loan has been fully settled.
         dilunasi seluruhnya.

   Pinjaman bank tersebut dijamin dengan:                           These bank loans are secured by:

   1.    Tanah kawasan industri milik PT Surya Borneo                1. Land of industrial area owned by PT Surya
         Industri yang berlokasi di Desa Kumai Hulu,                    Borneo Industri located at Sub-district of Kumai
         Kecamatan Kumai, Kabupaten Kotawaringin                        Hulu, District of Kumai, Kotawaringin Barat
         Barat, Provinsi Kalimantan Tengah termasuk                     Regency,       Central Kalimantan Province
         sebagian bangunan di atasnya.                                  including part of the building thereon.
   2.    Tambahan jaminan berupa tanah milik PT Mitra                2. Additional guarantee in the form of land owned
         Mendawai Sejati yang berlokasi di Desa                         by PT Mitra Mendawai Sejati located at Sub-
         Umpang, Kecamatan Arut Selatan, Kabupaten                      district of Umpang, District of Arut Selatan,
         Kotawaringin Barat, Provinsi Kalimantan                        Kotawaringin      Barat     Regency,     Central
         Tengah.                                                        Kalimantan Province.
   3.    Persediaan milik CBUT.                                      3. Inventories owned by CBUT.
   4.    Piutang milik CBUT.                                         4. Receivables owned by CBUT.
   5.    Jaminan oleh PT Citra Borneo Indah.                         5. Corporate guarantee from PT Citra Borneo
                                                                        Indah.



                                                          109
Page 425
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                   STATEMENTS
            Tanggal 31 Desember 2024                                         As of December 31, 2024
           dan untuk tahun yang berakhir                                     and for year then ended
               pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
              kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                         21. BANK LOAN (continued)

   Fasilitas Kredit Investasi PT Bank Negara                          Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                        Indonesia (Persero) Tbk. (“BNI”) (continued)

   Entitas anak (lanjutan)                                            Subsidiaries (continued)

   PT Citra Borneo Utama Tbk (“CBUT”) (lanjutan)                      PT Citra Borneo             Utama     Tbk     (“CBUT”)
                                                                      (continued)

   Atas pinjaman-pinjaman yang diterima CBUT,                         On loans received by CBUT, the creditors generally
   umumnya para kreditur mensyaratkan adanya                          entails restrictions and certain obligation that
   pembatasan-pembatasan dan kewajiban tertentu                       should be met by CBUT, which generally include
   yang harus dipenuhi oleh CBUT, yang pada                           the followings:
   umumnya meliputi:

   •    Melakukan        peleburan,       penggabungan,                •    Carrying out a merger, consolidation,
        pengambilalihan ataupun penyertaan modal.                           acquisition, or share participation.
   •    Mengubah komposisi pemegang saham,                             •    Changing      the    composition     of    the
        direktur, dan komisaris.                                            shareholders, directors and commissioners.
   •    Mengubah status CBUT dan mengubah                              •    Changing CBUT’s status and amending the
        anggaran dasar, kecuali meningkatkan modal                          Company’s Article of Association, except
        dasar CBUT.                                                         increasing CBUT’s authorized capital.
   •    Melakukan pembayaran dan/atau pelunasan                        •    Make repayments and/or settlement of
        atas pinjaman yang diperoleh dari pemegang                          loans obtained from the shareholder and
        saham dan entitas afiliasi.                                         affiliated.
   •    Menerima pinjaman dari pihak lain.                             •    Obtaining loan from other parties.
   •    Memberikan pinjaman kepada pihak lain,                         •    Providing loan to other parties, except in the
        kecuali dalam rangka transaksi operasional                          context of a reasonable business operational
        usaha yang wajar.                                                   transaction.
   •    Melakukan       transaksi     leasing      dengan              •    Enterring into leasing transaction with
        perusahaan leasing.                                                 leasing company.
   •    Menjaminkan harta kekayaan CBUT kepada                         •    Pledging the assets of CBUT to other
        pihak lain.                                                         parties.
   •    Mengubah bidang usaha atau membuka usaha                       •    Changing business operating or open new
        baru.                                                               businesses.
   •    Membubarkan        CBUT      dan      mengajukan               •    Liquidating CBUT and file for bankruptcy.
        permohonan kepailitan.
   •    Menjual atau dengan cara lain mengalihkan                      •    Selling or transferring shares of CBUT to
        saham CBUT kepada pihak lain.                                       other parties.
   •    Menggunakan dana pinjaman untuk tujuan di                      •    Using loan funds for purposes other than the
        luar usaha yang dibiayai.                                           financed business.
   •    Transaksi tidak wajar.                                         •    Unusual transaction.
   •    Melakukan interfinancing dengan perusahaan                     •    Interfinancing with affiliated company.
        afiliasi.
   •    Mengalihkan sebagian atau seluruh hak                          •    Transferring a part of or the entire rights
        dan/atau kewajiban CBUT berdasarkan                                 and/or obligations of the Company under
        perjanjian kredit kepada pihak lain.                                credit agreement to other party.
   •    Current ratio tidak kurang dari 1,0 kali.                      •    Current ratio not less than 1.0 times.
   •    Debt to equity ratio tidak lebih dari 2,5 kali.                •    Debt to equity ratio not more than 2.5 times.
   •    Debt service coverage ratio tidak kurang dari                  •    Debt service coverage ratio not less than
        100%.                                                               100%.




                                                            110
Page 426
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                 STATEMENTS
            Tanggal 31 Desember 2024                                       As of December 31, 2024
           dan untuk tahun yang berakhir                                   and for year then ended
               pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
              kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                       21. BANK LOAN (continued)
   Fasilitas Kredit Investasi PT Bank Negara                        Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                      Indonesia (Persero) Tbk. (“BNI”) (continued)
   Entitas anak (lanjutan)                                          Subsidiaries (continued)
   PT Citra Borneo Utama Tbk (“CBUT”) (lanjutan)                    PT Citra Borneo             Utama     Tbk     (“CBUT”)
                                                                    (continued)
   Pada tanggal 7 Maret 2022, CBUT telah                            On March 7, 2022, CBUT has obtained a letter of
   memperoleh surat pembebasan No. KPS2/2.5/574                     waiver No. KPS2/2.5/574 from PT Bank Negara
   dari PT Bank Negara Indonesia (Persero) Tbk untuk:               Indonesia (Persero) Tbk for:
   •    Melakukan penawaran umum perdana saham.                      •    Carrying out an Initial Public Offering.
   •    Merubah status CBUT.                                         •    Changing CBUT’s status.
   •    Pemecahan nilai nominal saham.                               •    Changing the par value of share.
   •    Mengubah komposisi pemegang saham,                           •    Changing      the     composition      of      the
        Dewan Direksi dan komisaris.                                      shareholders, Board of Directors               and
                                                                          Commissioners.
   Berdasarkan Surat Pelunasan Fasilitas Kredit                     Based on the Credit Facility Repayment Letter
   No. COB.4/3/244/R tanggal 1 November 2023,                       No COB.4/3/244/R dated November 1, 2023,
   CBUT telah melakukan pelunasan terhadap seluruh                  CBUT has made settlement of all credit obligations
   kewajiban kredit tersebut kepada PT Bank Negara                  to PT Bank Negara Indonesia (Persero) Tbk.
   Indonesia (Persero) Tbk.
   Berdasarkan Perjanjian Pemberian Kredit Agunan                   Based on an Agreement Cash Collateral Credit for
   Tunai          Devisa          Hasil          Ekspor             Export Proceeds No. 001/COB4/CCCDHE/2023
   No. 001/COB4/CCCDHE/2023 tanggal 6 Oktober                       dated October 6, 2023, which was then amended
   2023, yang kemudian diubah dengan Surat                          by Letter No. (1) 001/COB4/CCCDHE/2023 dated
   No.    (1)    001/COB4/CCCDHE/2023           tanggal             December 7, 2023, CBUT obtained a Cash
   7 Desember 2023, CBUT memperoleh fasilitas                       Collateral Credit for Export Proceeds loan facility
   pinjaman kredit Agunan Tunai Devisa Hasil Ekspor                 from PT Bank Negara Indonesia (Persero) Tbk,
   dari PT Bank Negara Indonesia (Persero) Tbk,                     with a maximum credit limit of Rp1,250,000. This
   dengan     batas    maksimum       kredit   sebesar              facility bears interest rate at 0.5% above the interest
   Rp1.250.000. Fasilitas tersebut dikenakan bunga                  rate on deposits placed per annum with the term of
   sebesar 0,5% diatas suku bunga simpanan yang                     credit of 12 (twelve) months, commencing from the
   ditempatkan per tahun dengan jangka waktu kredit                 first drawdown and will be due for repayment on
   selama 12 (dua belas) bulan, terhitung sejak tanggal             October 5, 2024.
   pencairan pertama dan akan jatuh tempo pada
   tanggal 5 Oktober 2024.

   Pada tanggal 31 Desember 2023, saldo pinjaman                    As of December 31, 2023, the outstanding loan was
   tersebut sebesar AS$56.482.008 atau setara                       amounting to and US$56,482,008 or equivalent
   dengan Rp870.727.000.                                            to Rp870,727,000, respectively.

   Pada tanggal 31 Desember 2024, pinjaman tersebut                 As of December 31, 2024, the loan has been fully
   telah dilunasi seluruhnya.                                       settled.

   Pinjaman    bank     tersebut   dijamin    dengan                This bank loan is secured by current
   giro/tabungan/deposito devisa hasil ekspor sumber                account/savings/deposit from proceed from export
   daya alam dengan minimal senilai penempatannya.                  of natural resources at least equal to the placement.




                                                          111
Page 427
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                   STATEMENTS
             Tanggal 31 Desember 2024                                         As of December 31, 2024
            dan untuk tahun yang berakhir                                     and for year then ended
                pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
               kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                          21. BANK LOAN (continued)
   Fasilitas Kredit Investasi PT Bank Rakyat                           Investment Credit Facility from PT Bank Rakyat
   Indonesia (Persero) Tbk. (BRI)                                      Indonesia (Persero) Tbk. (BRI)

   Perseroan                                                           The Company

   Berdasarkan perjanjian pinjaman yang dilegalisasi                   Based on an Agreement of Investment Financing
   melalui Akta Notaris Tintin Surtini, S.H., M.H., M.Kn.,             which legalized by Notarial deed No. 22, Notary of
   No. 22 tanggal 30 Oktober 2019, Perseroan                           Tintin Surtini, S.H., M.H., M.Kn., dated October 30,
   memperoleh fasilitas pembiayaan kredit investasi                    2019, the Company obtained investment credit
   dari BRI dengan batas maksimum kredit sebesar                       facility from BRI with a maximum amount of
   Rp48.060.600 untuk tujuan pembelian unit lantai                     Rp48,060,600 to purchase unit office in Equity
   sebagai kantor representasi perseroan di Equity                     Tower as the Company’s representative office in
   Tower, Jakarta.                                                     Jakarta.

   Pinjaman tersebut akan dilunasi dalam 96 (sembilan                  This loan will be repaid in 96 (ninety six) monthly
   puluh enam) angsuran bulanan, dimana angsuran                       installments, and the final installment will be due on
   terakhir akan jatuh tempo pada tanggal 31 Oktober                   October 31, 2027 and bears interest at rates
   2027 dan dikenakan bunga antara 9,75% sampai                        ranging from 9.75% sampai 9.95% (2023 and 2022:
   9,95% (2023 dan 2022: 9,75% sampai 9,95%) per                       9.75% until 9.95%) per annum.
   tahun.

   Saldo pinjaman per 31 Desember 2024, adalah                         The balance of this loan as of December 31, 2024,
   sebesar Rp17.056.812.                                               amounted to Rp17,056,812.

   Fasilitas pinjaman ini dijamin dengan:                              The loan facility is secured by:
   1. Kantor di Equity Tower Jakarta                                   1. Office space in Equity Tower Jakarta
   2. Deposito senilai Rp6.007.575                                     2. Time deposit amounting Rp6,007,575

   Perjanjian pinjaman tersebut mengatur pula                          The loan agreement stipulated several covenants,
   beberapa pembatasan, antara lain sebagai berikut:                   among others as follows:

   1.    Melakukan pembelian diatas harga pasar dan                    1.   Purchase good above market price and sell of
         menjual dibawah harga pasar                                        good with selling price below market price

   2.    Tidak diperkenankan melakukan merger,                         2.   Not allowed to conduct mergers, acquisitions,
         akuisisi, dan penjualan atau pemindahtanganan                      and the sale or transfer or disposal of the
         atau pelepasan hak atas harta kekayaan                             Company’s property rights, except in the
         Perseroan, kecuali dalam rangka kegiatan                           ordinary course of day-to-day operations.
         usaha sehari-hari.
    3.    Tidak diperkenankan melakukan pembayaran                    3. Not allowed to make repayments and/or settlement
          dan/atau pelunasan atas pinjaman yang diperoleh                of loans obtained from the Shareholder, affiliated
          dari Pemegang Saham, entitas berelasi, entitas                 company, subsidiaries, and third parties.
          anak maupun pihak ketiga lainnya.
    4.    Kegagalan    Perseroan     afiliasi   memenuhi              4. Failure of affiliated companies to fulfill its
          kewajiban kepada bank                                          obligations to the bank.




                                                             112
Page 428
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                   STATEMENTS
          Tanggal 31 Desember 2024                                         As of December 31, 2024
         dan untuk tahun yang berakhir                                     and for year then ended
             pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
            kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                       21. BANK LOAN (continued)

   Pinjaman Kredit PT Bank Rakyat Indonesia                        Credit Facilities from PT Bank Rakyat Indonesia
   (Persero) Tbk (BRI)                                             (Persero) Tbk. (BRI)
   Entitas anak                                                     Subsidiaries
   PT Citra Borneo Utama Tbk (“CBUT”)                               PT Citra Borneo Utama Tbk (“CBUT”)

   Berdasarkan Akta Perjanjian Kredit No. 16                        Based on a Deed of Credit Agreement No. 16 dated
   tanggal 18 Oktober 2023, CBUT memperoleh                         October 18, 2023, CBUT obtained a Special
   fasilitas pinjaman kredit Transaksional Khusus dari              Transactional credit facility from PT Bank Rakyat
   PT Bank Rakyat Indonesia (Persero) Tbk, dengan                   Indonesia (Persero) Tbk, with a maximum credit
   batas maksimum kredit sebesar Rp850.000.000                      limit of Rp850,000,000 to finance general corporate
   untuk      tujuan pembiayaan umum perusahaan.                    financing purposes. This facility bears interest rate
   Fasilitas tersebut dikenakan bunga sebesar 9,25%                 at 9.25% per annum with the term of credit of
   per tahun dengan jangka waktu kredit selama 72                   72 (seventy-two) months, commencing from the
   (tujuh puluh dua) bulan, terhitung sejak tanggal                 first drawdown and will be due for repayment on
   pencairan pertama dan akan jatuh tempo pada                      October 17, 2029.
   tanggal 17 Oktober 2029.

   Pada tanggal 31 Desember 2024, saldo pinjaman                    As of December 31, 2024, the outstanding loan was
   tersebut sebesar AS$55.137.519 atau setara                       amounting to US$55,137,519 or equivalent to
   dengan Rp770.000.000.                                            Rp770,000,000.
   Berdasarkan Akta Perjanjian Kredit No. 17 tanggal                Based on a Deed of Credit Agreement No. 17 dated
   18 Oktober 2023 yang kemudian diubah dengan                      October 18, 2023 which was then amended by
   Akta Perjanjian Kredit No.16 tanggal 25 Oktober                  Deed of Credit Agreement No. 16 dated October
   2024, CBUT memperoleh fasilitas Pinjaman Kredit                  25, 2024, CBUT obtained a Working Capital credit
   Modal Kerja dari PT Bank Rakyat Indonesia                        facilities from PT Bank Rakyat Indonesia (Persero)
   (Persero) Tbk, dengan batas maksimum kredit                      Tbk, with a maximum credit limit of US$72,500,000
   sebesar AS$72.500.000 untuk tujuan pembiayaan                    to finance working capital and refinery factory
   modal kerja dan operasional pabrik kilang minyak                 operations located in the Company’s industrial
   yang berlokasi dikawasan industri Perusahaan.                    area. This facility bears interest rate at 6.5% per
   Fasilitas tersebut dikenakan bunga sebesar 6,5%                  annum with the term of credit of 12 (twelve)
   per tahun dengan jangka waktu kredit selama 12                   months, commencing from the first drawdown and
   (dua belas) bulan, terhitung sejak tanggal pencairan             will be due for repayment on October 17, 2025.
   pertama dan akan jatuh tempo pada tanggal
   17 Oktober 2025.

   Pada tanggal 31 Desember 2024, saldo pinjaman                    As of December 31, 2024, the outstanding loan
   tersebut sebesar AS$67.800.000 atau setara                       was amounting to US$67,800,000 or equivalent to
   dengan Rp1.095.783.585.                                          Rp1,095,783,585.
   Berdasarkan Akta Perjanjian Kredit No. 18 tanggal                Based on a Deed of Credit Agreement No. 18 dated
   18 Oktober 2023 yang kemudian diubah dengan                      October 18, 2023 which was then amended by
   Akta Perjanjian Kredit No. 17 tanggal 25 Oktober                 Deed of Credit Agreement No.17 dated October 25,
   2024, CBUT memperoleh fasilitas pinjaman kredit                  2024, CBUT obtained a Working Capital W/A
   Modal Kerja W/A dari PT Bank Rakyat Indonesia                    credit facility from PT Bank Rakyat Indonesia
   (Persero) Tbk, dengan batas maksimum kredit                      (Persero) Tbk, with a maximum credit limit of
   sebesar AS$20.000.000 untuk tujuan pembiayaan                    US$20,000,000 to finance purchase of crude palm
   pembelian minyak sawit mentah. Fasilitas tersebut                oil. This facility bears interest rate at 6.5% per
   dikenakan bunga sebesar 6,5% per tahun dengan                    annum with the term of credit of 12 (twelve) months,
   jangka waktu kredit selama 12 (dua belas) bulan,                 commencing from the first drawdown and will be
   terhitung sejak tanggal pencairan pertama dan akan               due for repayment on October 17, 2025.
   jatuh tempo pada tanggal 17 Oktober 2025.
   Pada tanggal 31 Desember 2024, saldo pinjaman                    As of December 31, 2024, the outstanding loan was
   tersebut sebesar AS$14.825.808 atau setara                       amounting to US$14,825,808 or equivalent to
   dengan Rp239.614.709.                                            Rp239,614,709.

                                                          113
Page 429
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                     STATEMENTS
             Tanggal 31 Desember 2024                                           As of December 31, 2024
            dan untuk tahun yang berakhir                                       and for year then ended
                pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
               kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                            21. BANK LOAN (continued)

   Pinjaman Kredit PT Bank Rakyat Indonesia                              Credit Facilities from PT Bank Rakyat Indonesia
   (Persero) Tbk (“BRI”) (lanjutan)                                      (Persero) Tbk. (“BRI”) (continued)

   Entitas anak (lanjutan)                                               Subsidiaries (continued)

   PT Citra Borneo Utama Tbk (“CBUT”) (lanjutan)                         PT Citra Borneo             Utama     Tbk     (“CBUT”)
                                                                         (continued)
   Berdasarkan Akta Perjanjian Kredit No. 19 tanggal                     Based on a Credit Agreement Deed No. 19 dated
   18 Oktober 2023 yang kemudian diubah dengan                           October 18, 2023 which was then amended by
   Akta Perjanjian Kredit No. 18 tanggal 25 Oktober                      Deed of Credit Agreement No.18 dated October 25,
   2024, CBUT memperoleh fasilitas pinjaman kredit                       2024, CBUT obtained a Forex Line credit facility
   Forex Line dari PT Bank Rakyat Indonesia (Persero)                    from PT Bank Rakyat Indonesia (Persero) Tbk, with
   Tbk, dengan batas maksimum kredit sebesar                             a maximum credit limit of US$20,000,000. This
   AS$20.000.000. Fasilitas tersebut dikenakan bunga                     facility bears interest rate at 6.5% per annum with
   sebesar 6,5% per tahun dengan jangka waktu kredit                     the term of credit of 12 (twelve) months,
   selama 12 (dua belas) bulan, terhitung sejak tanggal                  commencing from the first drawdown and will be
   pencairan pertama dan akan jatuh tempo pada                           due for repayment on October 17, 2025.
   tanggal 17 Oktober 2025.

   Pada tanggal 31 Desember               2024,    fasilitas             As of December 31, 2024, these facilities had not
   tersebut belum digunakan.                                             been utilized yet.

   Berdasarkan Perjanjian KMK Cash Collateral Devisa                     Based on an Agreement KMK Cash Collateral
   Hasil Ekspor No. 009/2024 tanggal 29 Januari 2024,                    Credit for Export Proceeds No. 009/2024 dated 29
   Perusahaan memperoleh fasilitas pinjaman kredit                       January 2024, the Company obtained a Cash
   Agunan Tunai Devisa Hasil Ekspor dari PT Bank                         Collateral Credit for Export Proceeds loan facility
   Rakyat Indonesia (Persero) Tbk, dengan batas                          from PT Bank Rakyat Indonesia (Persero) Tbk, with
   maksimum kredit sebesar Rp1.000.000.000.                              a maximum credit limit of Rp1,000,000,000. This
   Fasilitas tersebut dikenakan bunga sebesar 0,5%                       facility bears interest rate at 0.5% above the interest
   diatas suku bunga simpanan yang ditempatkan per                       rate on deposits placed per annum with the term of
   tahun dengan jangka waktu kredit selama 12 (dua                       credit of 12 (twelve) months, commencing from the
   belas) bulan, terhitung sejak tanggal pencairan                       first drawdown and will be due for repayment on 29
   pertama dan akan jatuh tempo pada tanggal                             January 2025.
   29 Januari 2025.

   Pada tanggal 31 Desember 2024, saldo pinjaman                         As of December 31, 2024, the outstanding loan was
   tersebut sebesar Dolar AS$37.715.693 atau setara                      amounting to US$37,715,693 or equivalent to
   dengan Rp609.561.030.                                                 Rp609,561,030.

   Pinjaman bank tersebut dijamin dengan:                                These bank loans are secured by:

   1.    Piutang usaha milik            CBUT        senilai              1.   CBUT’s trade receivables are worth
         Rp750.000.000.                                                       Rp750,000,000.
   2.    Persediaan         milik       CBUT        senilai              2.   CBUT          owned         inventory     worth
         Rp1.000.000.000.                                                     Rp1,000,000,000.
   3.    Bangunan Jetty milik PT Surya Borneo                            3.   Jetty building owned by PT Surya Borneo
         Industri, pihak berelasi, senilai Rp48.488.000                       Industri, a related party, worth Rp48,488,000.
   4.    Tanah beserta bangunan seluas 268.200 m2                        4.   Land area including buildings covering an area
         milik PT Surya Borneo Industri, pihak berelasi,                      of 268,200 m2 owned by PT Surya Borneo
         di kelurahan Kumai Hulu, dengan sertifikat Hak                       Industri, a related party, in Kumai Hulu sub-
         Guna Bangunan (HGB) No.00018.                                        district, with Building Use Rights (HGB)
                                                                              certificate No.00018.




                                                               114
Page 430
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                 STATEMENTS
             Tanggal 31 Desember 2024                                       As of December 31, 2024
            dan untuk tahun yang berakhir                                   and for year then ended
                pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
               kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                        21. BANK LOAN (continued)

   Pinjaman Kredit PT Bank Rakyat Indonesia                          Credit Facilities from PT Bank Rakyat Indonesia
   (Persero) Tbk (“BRI”) (lanjutan)                                  (Persero) Tbk. (“BRI”) (continued)

   Entitas anak (lanjutan)                                           Subsidiaries (continued)
   PT Citra Borneo Utama Tbk (“CBUT”) (lanjutan)                     PT Citra Borneo Utama Tbk (“CBUT”)
                                                                     (continued)
   Pinjaman bank tersebut dijamin dengan: (lanjutan)                 These bank loans are secured by: (continued)

   5.    Tanah beserta bangunan seluas 313.300 m2                    5.   Land area including buildings covering an area
         milik PT Surya Borneo Industri, pihak berelasi,                  of 313,300 m2 owned by PT Surya Borneo
         di kelurahan Kumai Hulu, dengan sertifikat Hak                   Industri, a related party, in Kumai Hulu sub-
         Guna Bangunan (HGB) No.00019.                                    district, with Building Use Rights (HGB)
                                                                          certificate No.00019.
   6.    Tanah beserta bangunan seluas 101.400 m2                    6. Land area including buildings covering an area
         milik PT Surya Borneo Industri, pihak berelasi,                  of 101,400 m2 owned by PT Surya Borneo
         di kelurahan Kumai Hulu, dengan sertifikat Hak                   Industri, a related party, in Kumai Hulu sub-
         Guna Bangunan (HGB) No. 00020.                                   district, with Building Use Rights (HGB)
                                                                          certificate No.00020.
   7.    Tanah beserta bangunan seluas 34.800 m2                     7. Land area including buildings covering an area
         milik PT Surya Borneo Industri, pihak berelasi,                  of 34,800 m2 owned by PT Surya Borneo
         di kelurahan Kumai Hulu, dengan sertifikat Hak                   Industri, a related party, in Kumai Hulu sub-
         Guna Bangunan (HGB) No. 00021.                                   district, with Building Use Rights (HGB)
                                                                          certificate No. 00021.
   8.    Tanah beserta bangunan seluas 139.700 m2                    8. Land area including buildings covering an area
         milik PT Surya Borneo Industri, pihak berelasi,                  of 139,700 m2 owned by PT Surya Borneo
         di kelurahan Kumai Hulu, dengan sertifikat Hak                   Industri, a related party, in Kumai Hulu sub-
         Guna Bangunan (HGB) No. 00138.                                   district, with Building Use Rights (HGB)
                                                                          certificate No. 00138.
   9.    Tanah beserta bangunan seluas 4.474 m2 milik                9. Land area including building covering an area
         PT Surya Borneo Industri, pihak berelasi, di                     of 4,474 m2 owned by PT Surya Borneo
         kelurahan Kumai Hulu, dengan sertifikat Hak                      Industri, a related party, in Kumai Hulu sub-
         Guna Bangunan (HGB) No. 00139.                                   district, with Building Use Rights (HGB)
                                                                          certificate No. 00139.
   10. Tanah beserta bangunan seluas 88.700 m2                       10. Land area including buildings covering an area
       milik PT Surya Borneo Industri, pihak berelasi,                    of 88,700 m2 owned by PT Surya Borneo
       di kelurahan Kumai Hulu, dengan sertifikat Hak                     Industri, a related party, in Kumai Hulu sub-
       Guna Bangunan (HGB) No. 00140.                                     district, with Building Use Rights (HGB)
                                                                          certificate No. 00140.
  11. Tanah beserta bangunan seluas 44.500 m2 milik                 11. Land area including buildings covering an area
      PT Surya Borneo Industri, pihak berelasi, di                       of 44,500 m2 owned by PT Surya Borneo
      kelurahan Kumai Hulu, dengan sertifikat Hak                        Industri, a related party, in Kumai Hulu sub-
      Guna Bangunan (HGB) No. 00141.                                     district, with Building Use Rights (HGB)
                                                                         certificate No. 00141.
  12. Giro/tabungan devisa hasil ekspor sumber daya                 12. Current account/savings from proceed from
      alam minimal senilai penempatannya.                                export of natural resources at least equal to the
                                                                         placement




                                                           115
Page 431
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                               STATEMENTS
            Tanggal 31 Desember 2024                                     As of December 31, 2024
           dan untuk tahun yang berakhir                                 and for year then ended
               pada tanggal tersebut                                (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
              kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                     21. BANK LOAN (continued)

   Pinjaman Kredit PT Bank Rakyat Indonesia                       Credit Facilities from PT Bank Rakyat Indonesia
   (Persero) Tbk (“BRI”) (lanjutan)                               (Persero) Tbk. (“BRI”) (continued)

   Entitas anak (lanjutan)                                        Subsidiaries (continued)

   PT Citra Borneo Utama Tbk (“CBUT”) (lanjutan)                  PT Citra Borneo            Utama      Tbk     (“CBUT”)
                                                                  (continued)

   Pembatasan dan kewajiban                                       Covenants and obligations
   Atas pinjaman-pinjaman yang diterima CBUT,                     On loans received by CBUT, the creditors
   umumnya para kreditur mensyaratkan adanya                      generally entails restrictions and certain obligation
   pembatasan-pembatasan dan kewajiban tertentu                   that should be met by CBUT, which generally
   yang harus dipenuhi oleh CBUT, yang pada                       include the followings:
   umumnya meliputi:

       Mengubah bentuk, status hukum dan lingkup                      Changing the form, legal entity status, scope
        kegiatan usaha CBUT, dan investasi serta                        of CBUT business, investment,                and
        penyertaan dibidang lain.                                       participation in other fields.
       Melakukan merger, akuisisi, penjualan aset                     Carrying out a merger,             consolidation,
        perusahaan dengan nilai diatas Rp1.000.000,                     acquisition, or       selling   assets     above
        kecuali yang telah ada.                                         Rp1,000,000, unless previously existed.
       Melakukan pembayaran deviden, kecuali                          Distributing dividend, unless the financial
        syarat financial covenant telah terpenuh dan                    covenant conditions have been fulfilled and
        telah menyampaikan rencana pembagian                            have submitted a dividend distribution plan
        deviden minimal 30 hari sebelum pembagian                       minimum 30 (thirty) days before the dividend
        deviden dilaksanakan.                                           distributed.
       Mengubah komposisi pemegang saham dalam                        Changing the composition of shareholders
        hal terjadi perubahan kepemilikan pemegang                      of CBUT in the case of a change in
        saham mayoritas.                                                ownership of the majority shareholder.
       Mengikat diri sebagai penanggung atau                          Binding as a guarantor of loan or other
        penjamin hutang atau kewajiban lainnya                          obligations to third parties, related parties, or
        terhadap pihak lain, perusahaan afiliasi, dan                   subsidiaries, unless previously existed.
        anak perusahaan kecuali yang telah ada.
       Menjaminkan harta kekayaan CBUT yang telah                     Pledging the assets of CBUT to other parties
        dijaminkan kepada bank ke pihak lain.                           which have been pledged to the bank.
       Memberikan kredit kepada pihak manapun.                        Providing loan to other parties.
       Melunasi dan atau membayar utang kepada                        Settlement and/or repayments of loans
        pemegang saham sebelum utang bank di                            obtained from the shareholder before loan to
        lunasi.                                                         the banks are fully repaid.
       Mengalihkan/menyerahkan kepada pihak lain,                     Tansferring a part of or the entire rights and/or
        sebagian atau seluruhnya atas hak dan                           obligations of CBUT under credit agreement to
        kewajiban yang timbul berkaitan dengan                          other party.
        fasilitas kredit ini.




                                                        116
Page 432
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                 STATEMENTS
            Tanggal 31 Desember 2024                                       As of December 31, 2024
           dan untuk tahun yang berakhir                                   and for year then ended
               pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
              kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                       21. BANK LOAN (continued)

   Pinjaman Kredit PT Bank Rakyat Indonesia                         Credit Facilities from PT Bank Rakyat Indonesia
   (Persero) Tbk (“BRI”) (lanjutan)                                 (Persero) Tbk. (“BRI”) (continued)

   Entitas anak (lanjutan)                                         Subsidiaries (continued)

   PT Citra Borneo Utama Tbk (“CBUT”) (lanjutan)                    PT Citra Borneo            Utama      Tbk     (“CBUT”)
                                                                    (continued)

   Pembatasan dan kewajiban (lanjutan)                              Covenants and obligations (continued)
   Atas pinjaman-pinjaman yang diterima CBUT,                       On loans received by CBUT, the creditors
   umumnya para kreditur mensyaratkan adanya                        generally entails restrictions and certain obligation
   pembatasan-pembatasan dan kewajiban tertentu                     that should be met by CBUT, which generally
   yang harus dipenuhi oleh CBUT, yang pada                         include the followings: (continued)
   umumnya meliputi: (lanjutan)

       Mengajukan moratorium, membubarkan CBUT,                           Submitting a moratorium, liquidating CBUT
        melikuidasi atau permohonan penundaan                               or submitting the delay of loan payments to
        kewajiban pembayaran utang, kepada instansi                         the authorized institution.
        yang berwenang.
       Mengajukan dan menerima pinjaman dari bank                         Submitting and receiving loan from other
        atau lembaga keuangan termasuk penerbitan                           financial institutions, including issuance of
        obligasi.                                                           bonds.
       Menambah atau memberikan tambahan                                  Increasing      or     providing     additional
        piutang pihak berelasi dan piutang lain-lain.                       receivables to related parties and other
                                                                            receivables.
       Menambah atau menerima tambahan utang                              Increasing       or    receiving     additional
        pihak berelasi dan utang lain-lain.                                 payables       to related parties and other
                                                                            payables.
       Mengajukan permohonan pernyataan pailit                            File for bankruptcy to the commercial court.
        kepada pengadilan niaga.
       Menyewakan aset yang telah di agunkan                              Leasing assets which have been pledged for
        kepada bank.                                                        bank loans.
       Debt to equity ratio tidak lebih dari 300%.                        Debt to equity ratio not more than 300%.
       Interest Coverage Ratio tidak kurang dari                          Interest Coverage Ratio not less than 150%.
        150%.
       Rasio coverage aktiva lancar tidak kurang dari                     Current asset coverage ratio not less than
        155%.                                                               155%.
   Fasilitas   Kredit   Standard    Chartered    Bank               Credit Facilities from Standard Chartered Bank
   (“SCB”)                                                          (“SCB”)

   Perseroan, KSA, TSA, SMU, MMS, MKM, dan                          The Company, KSA, TSA, SMU, MMS, MKM, and
   MPP                                                              MPP

   Pada tanggal 18 Agustus 2023, Perseroan, KSA,                   On August 18, 2023, the Company, KSA, TSA,
   TSA, SMU, MMS, MKM, dan MPP memperoleh                          SMU, MMS, MKM, and MPP obtained short-term
   fasilitas pinjaman jangka pendek dari Standard                  loan facilities from Standard Chartered Bank
   Chartered Bank (“SCB”). Fasilitas ini tersedia                  (“SCB”). The facilities were available for a maximum
   dengan jumlah maksimum sebesar AS$20.000.000.                   amount of US$20,000,000. In 2024, the loan
   Pada tahun 2024, fasilitas pinjaman ini dikenakan               facilities are subject to interest at rates ranging from
   bunga dengan kisaran 9,10% hingga 9,35% per                     9.10% to 9.35% per annum (2023: 9.00% to 9.20%
   tahun (2023: 9,00% hingga 9,20 per tahun). Pada                 per annum). Upon the expiration period of the
   saat berakhirnya jangka waktu fasilitas, jangka                 facilities, these facilities period shall be
   waktu fasilitas ini otomatis diperpanjang selama dua            automatically extended for twelve months.
   belas bulan.


                                                          117
Page 433
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                               PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                STATEMENTS
            Tanggal 31 Desember 2024                                      As of December 31, 2024
           dan untuk tahun yang berakhir                                  and for year then ended
               pada tanggal tersebut                                 (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                 unless otherwise stated)
              kecuali dinyatakan lain)


21. UTANG BANK (lanjutan)                                      21. BANK LOAN (continued)

   Pemenuhan Kewajiban oleh Kelompok Usaha                         Fulfillment of Covenant by the Group for All
   atas Seluruh Pinjaman Bank                                      Bank Loans

   Pada tanggal 31 Desember 2024, seluruh ketentuan               As of December 31, 2024, the covenants for those
   atau pembatasan untuk semua pinjaman bank                      bank loans above has been fulfilled by the Group.
   tersebut diatas telah dipenuhi oleh Kelompok Usaha.

   Pada tanggal 31 Desember 2023, seluruh ketentuan               As of December 31, 2023, the covenants for those
   atau pembatasan untuk semua pinjaman bank                      bank loans above has been fulfilled by the Group
   tersebut diatas telah dipenuhi oleh Kelompok Usaha             except for the following matters.
   kecuali pada hal-hal berikut.

        Pada tanggal 31 Desember 2023, MKM tidak                       As of December 31, 2023, MKM did not
         memenuhi persyaratan rasio lancar dan rasio                     comply with the current ratio and Debt Service
         keuangan Debt Service Coverage Ratio                            Coverage Ratio (DCSR) financial ratio
         (DCSR) yang memberikan hak kepada BNI                           covenant which gives the right to BNI to
         untuk meminta pembayaran sewaktu-waktu                          demand payment at any time prior to their
         sebelum jatuh tempo. Pada bulan Desember                        maturities. In December 2023, MKM has
         2023, MKM telah memperoleh surat waiver dari                    obtained a waiver letter from BNI whereby BNI
         BNI yang menyatakan BNI setuju untuk                            agreed to waive such financial ratio covenant
         mengesampingkan persyaratan atas rasio-                         for the year ended December 31, 2023.
         rasio tersebut untuk tahun yang berakhir pada
         tanggal 31 Desember 2023.

        Pada tanggal 31 Desember 2023, Perseroan                       As of December 31, 2023, the Company did
         tidak memenuhi persyaratan Debt to Equity                       not comply with the Debt to Equity Ratio,
         Ratio, Consolidated Net Debt to LTM adjusted                    Consolidated Net Debt to LTM adjusted
         EBITDA ratio, dan covenant rasio keuangan                       EBITDA ratio, and DCSR financial ratio
         DCSR yang memberikan hak kepada Sindikasi                       covenant which gives the right to Syndicated
         Bank untuk meminta pembayaran sewaktu-                          banks to demand payment at any time prior to
         waktu sebelum jatuh tempo. Pada bulan                           their maturities. In December 2023,
         Desember 2023, Perseroan telah memperoleh                       Syndicated banks has obtained a waiver letter
         surat waiver dari Sindikasi Bank yang                           from Syndicated banks whereby Syndicated
         menyatakan Sindikasi Bank setuju untuk                          banks agreed to waive such financial ratio
         mengesampingkan persyaratan atas rasio-                         covenant for the year ended December 31,
         rasio tersebut untuk tahun yang berakhir pada                   2023.
         tanggal 31 Desember 2023.




                                                         118
Page 434
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                              STATEMENTS
          Tanggal 31 Desember 2024                                                    As of December 31, 2024
         dan untuk tahun yang berakhir                                                and for year then ended
             pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
            kecuali dinyatakan lain)


22. LIABILITAS SEWA PEMBIAYAAN                                         22. FINANCE LEASE LIABILITIES

   Liabilitas sewa pembiayaan Kelompok Usaha terdiri                          Finance lease liabilities represents liabilities of the
   dari:                                                                      Group as follows:
                                    31 Desember 2024/    31 Desember 2023/     31 Desember 2022/
                                    December 31, 2024    December 31, 2023     December 31, 2022

      Kendaraan                                                                                                               Vehicles
        PT Chandra Sakti                                                                                            PT Chandra Sakti
          Utama Leasing                     6.254.118                    -                    -                     Utama Leasing
        PT Maybank Finance                          -              399.347              665.000                  PT Maybank Finance

      Total                                 6.254.118              399.347              665.000                                    Total




  Pembayaran sewa minimum masa datang atas                                    Future minimum lease payments under finance
  liabilitas sewa pembiayaan dan nilai kini dari                              leases together with the present value of net
  pembayaran sewa minimum adalah sebagai berikut:                             minimum lease payments are as follows:

                                    31 Desember 2024/    31 Desember 2023/     31 Desember 2022/
                                    December 31, 2024    December 31, 2023     December 31, 2022

    Dalam satu tahun                        6.254.118              399.347              665.000                           Within one year
    Lebih dari satu tahun tetapi                                                                                   After one year but not
      kurang dari dua tahun                         -                    -                     -                  more than two years

    Jumlah pembayaran sewa minimum          6.254.118              399.347              665.000            Total minimum lease payment

    Nilai kini pembayaran sewa minimum      6.254.118              399.347              665.000 Present value of minimum lease payments
     Bagian yang jatuh tempo dalam satu
           tahun                           (6.254.118)            (399.347)             (665.000)                        Current portion

     Bagian jangka panjang                          -                    -                     -                       Long-term portion



   Di tahun 2024, 2023, dan 2022, liabilitas sewa                             In 2024, 2023, and 2022, the finance leases
   pembiayaan dikenakan bunga 0,047% (2023 dan                                liabilities bear interest at rates 0.047% (2023 and
   2022: 5,29% sampai dengan 6,76%) per tahun.                                2022: 5.29% to 6.76%) per annum. The finance
   Liabilitas sewa pembiayaan dijamin dengan aset                             lease liabilities are secured by the related leased
   yang didanai oleh liabilitas tersebut.                                     assets.

   Dalam perjanjian-perjanjian sewa pembiayaan,                               In the lease agreements, the Group is not allowed to
   Kelompok Usaha tidak diperbolehkan untuk                                   use the vehicle for illegal purposes, deliver or bring
   menggunakan kendaraan untuk maksud yang                                    the leased assets outside the territory of the
   melawan hukum, mengirimkan atau membawa aset                               Republic of Indonesia, are obliged to keep the
   sewa ke luar wilayah Republik Indonesia,                                   leased assets in good condition and should not allow
   berkewajiban menjaga aset sewa pembiayaan                                  for the transfer of assets to another party during the
   dalam kondisi yang baik dan tidak memperbolehkan                           term of the agreements.
   untuk memindahtangankan aset sewa pembiayaan
   ke pihak lain selama masa perjanjian sewa
   pembiayaan.




                                                               119
Page 435
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                STATEMENTS
          Tanggal 31 Desember 2024                                                      As of December 31, 2024
         dan untuk tahun yang berakhir                                                  and for year then ended
             pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
            kecuali dinyatakan lain)


23. UTANG OBLIGASI, NETO                                                  23. BONDS PAYABLE, NET

                                        31 Desember 2024/   31 Desember 2023/    31 Desember 2022/
                                        December 31, 2024   December 31, 2023    December 31, 2022

    Surat utang senior                                 -                    -          633.566.024                      Senior notes payable
    Dikurangi: Biaya perolehan
       surat utang senior yang belum                                                                       Less: Unamortized financing costs
       diamortisasi                                    -                    -             (498.719)                of senior notes payable

                                                       -                    -          633.067.305
    Surat utang senior jatuh tempo
      dalam satu tahun                                 -                    -         (633.067.305)   Current maturity of senior notes payable

    Surat utang senior jangka panjang
      setelah dikurangi bagian                                                                         Long-term senior notes payable - net of
      jatuh tempo dalam satu tahun                     -                    -                    -                         current maturity


   Pada tanggal 23 Januari 2018, SSMS Plantation                                On January 23, 2018, SSMS Plantation Holdings
   Holdings Pte. Ltd. (“SPH”), entitas anak,                                    Pte. Ltd. (“SPH”), a subsidiary, issued the 7.75%
   menerbitkan Surat Utang Senior sebesar                                       Senior Notes amounting US$300,000,000, which is
   AS$300.000.000 dengan bunga 7,75%, yang akan                                 due in 2023 (the “Bonds”). The payment obligations
   jatuh tempo di tahun 2023 (“Obligasi”). Kewajiban                            of SPH under the Senior Notes were unconditionally
   pembayaran dari SPH berdasarkan Surat Utang                                  and irrevocably guaranteed by the Guarantors.
   Senior ditanggung tanpa syarat dan tanpa dapat
   ditarik kembali oleh para penjamin.

   Perseroan, PT Citra Borneo Indah, PT Kalimantan                              The Company, PT Citra Borneo Indah,
   Sawit Abadi, PT Tanjung Sawit Abadi, PT Sawit                                PT Kalimantan Sawit Abadi, PT Tanjung Sawit
   Multi Utama, PT Mirza Pratama Putra, PT Menteng                              Abadi, PT Sawit Multi Utama, PT Mirza Pratama
   Kencana Mas, PT Natai Sawit Perkasa,                                         Putra, PT Menteng Kencana Mas, PT Natai Sawit
   PT Mendawai Putra, PT Intrado Jaya Intiga,                                   Perkasa, PT Mendawai Putra, PT Intrado Jaya
   PT Borneo Industri Terpadu, PT Surya Borneo                                  Intiga, PT Borneo Industri Terpadu, PT Surya
   Energi, PT Citra Borneo Chemical, PT Borneo                                  Borneo Energi, PT Citra Borneo Chemical,
   Industri Nusantara, dan PT Borneo Sawit Gemilang                             PT Borneo Industri Nusantara, and PT Borneo
   (secara bersama-sama disebut sebagai “Para                                   Sawit Gemilang (collectively shall be referred as the
   Penjamin”). Sehubungan dengan Oblligasi, Para                                “Guarantors”). In relation to the Bonds, the
   Penjamin telah menandatangani, antara lain,                                  Guarantors have entered into, among others, the
   Indenture dan akta-akta jaminan Perseroan                                    Indenture and the deeds of corporate guarantees
   tertanggal 23 Januari 2018, yang menunjukkan                                 dated January 23, 2018, pursuant to which the
   bahwa para penjamin telah menyetujui untuk                                   Guarantors had agreed to unconditionally and
   menjamin dengan tanpa syarat dan tidak dapat                                 irrevocably guarantee the due and punctual
   ditarik kembali pembayaran secara tepat waktu dan                            payment of all amounts payable under the Bonds
   sebagaimana mestinya atas seluruh jumlah yang                                and the due and punctual performance and
   harus dibayar atas Obligasi dan pelaksanaan serta                            observance by SPH of all other obligations of SPH
   ketaatan secara tepat waktu dan sebagaimana                                  under the Bonds documents.
   mestinya dari SPH atas seluruh kewajiban SPH
   berdasarkan dokumen-dokumen Obligasi.

   The Bank of New York Mellon, London Branch                                   The Bank of New York Mellon, London Branch was
   bertindak sebagai wali amanat sehubungan dengan                              acting as a trustee in respect to the issuance of the
   penerbitan Obligasi. Obligasi tersebut tercatat dan                          Bonds. The Bonds were listed and traded in the
   diperdagangkan di Singapore Exchange Securities                              Singapore Exchange Securities Trading Limited on
   Trading Limited pada tanggal 24 Januari 2018.                                January 24, 2018.




                                                                  120
Page 436
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                   STATEMENTS
          Tanggal 31 Desember 2024                                         As of December 31, 2024
         dan untuk tahun yang berakhir                                     and for year then ended
             pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
            kecuali dinyatakan lain)


23. UTANG OBLIGASI, NETO (lanjutan)                             23. BONDS PAYABLE, NET (continued)
   Obligasi tersebut dikenakan bunga sejak tanggal                 The Bonds were subject to interest starting from
   23 Januari 2018 pada tingkat suku bunga sebesar                 January 23, 2018 at the rate of 7.75% per annum,
   7,75% per tahun, yang dibayarkan setiap 6 bulan                 paid semi-annually on January 23 and July 23 of
   pada tanggal 23 Januari dan 23 Juli setiap tahunnya,            each year, commencing on July 23, 2018.
   dimulai sejak tanggal 23 Juli 2018.
   Berikut    adalah    beberapa     janji-janji  atau             Below were covenants or limitations contained in
   pembatasan-pembatasan        yang     terdapat    di            the Indenture that applicable to and binding the
   Indenture berlaku untuk dan mengikat terhadap Para              Guarantors:
   Penjamin:
   1. Pembatasan        terhadap   utang   dan   saham             1. Limitation on indebtedness and preferred stock;
      preferen;
   2. Pembatasan        terhadap   pembayaran      yang            2. Limitation on restricted payments;
      dibatasi;
   3. Pembatasan terhadap batasan pembayaran                       3. Limitation on dividend and other payment
      dividen dan pembayaran lainnya yang                             restriction which affect restricted subsidiaries;
      mempengaruhi anak-anak Perseroan yang
      dibatasi;
   4. Pembatasan terhadap penjualan dan penerbitan                 4. Limitation on sales and issuance of capital stock
      modal saham pada anak-anak Perseroan yang                       in restricted subsidaries;
      dibatasi;
   5. Pembatasan        terhadap       pemberian                   5. Limitation on issuance of guarantees by
      penanggungan oleh anak-anak Perseroan yang                      restricted subsidiaries;
      dibatasi;
   6. Pembatasan terhadap transaksi              dengan            6. Limitation on transaction with shareholders and
      pemegang saham dan afiliasi;                                    affiliates;
   7. Pembatasan terhadap hak gadai;                               7. Limitation on liens;
   8. Pembatasan terhadap transaksi jual dan sewa                  8. Limitation on sale and leaseback transactions;
      kembali;
    9. Pembatasan terhadap penjualan aset;                         9. Limitation on asset sales;
   10. Pembatasan terhadap kegiatan usaha induk                    10. Limitation on the parent guarantors’ business
       Perseroan penjamin;                                             activities;
   11. Pembatasan terhadap kegiatan penerbit;                      11. Limitation on the activities of the issuer;
   12. Pemeliharaan asuransi;                                      12. Maintenance of insurance;
   13. Penetapan anak-anak Perseroan yang dibatasi                 13. Designation of restricted and unrestricted
       dan tidak dibatasi; dan                                         subsidiaries; and
   14. Anti-Layering.                                              14. Anti-Layering.

   Pada tanggal 14 Juli 2022 dan 29 Desember 2022,                 On July 14, 2022 and December 29, 2022, SPH, a
   SPH, entitas anak, telah melakukan pembayaran                   subsidiary, made repayment of the Senior Notes
   kembali atas obligasi senior masing-masing senilai              amounting to Rp3,510,962,550 and Rp3,085,506,
   Rp3.510.962.550 and Rp3.085.506.                                respectively.
   Pada tanggal 19 Januari 2023, SPH, entitas anak,                On January 19, 2023, SPH, a subsidiary, made
   telah melakukan pembayaran kembali atas obligasi                repayment of the Senior Notes amounting to
   senior senilai Rp633.067.305.                                   Rp633,067,305.




                                                          121
Page 437
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                           STATEMENTS
           Tanggal 31 Desember 2024                                                 As of December 31, 2024
          dan untuk tahun yang berakhir                                             and for year then ended
              pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
             kecuali dinyatakan lain)


24. LIABILITAS IMBALAN KERJA                                            24. EMPLOYEE BENEFIT LIABILITIES

   Estimasi   liabilitas imbalan kerja tanggal                                The estimated employee benefits liabilities as of
   31 Desember 2024, 2023, dan 2022 adalah                                    December 31, 2024, 2023, and 2022 are as
   sebagai berikut:                                                           follows:
   Liabilitas imbalan kerja karyawan jangka pendek                            Short-term employee benefits liabilities
                              31 Desember 2024/      31 Desember 2023/        31 Desember 2022/
                              December 31, 2024      December 31, 2023        December 31, 2022
    Gaji, upah, dan bonus           152.346.201              141.080.008             162.852.620           Salaries, wages, and bonus
    Jamsostek                         6.724.166                6.906.407               6.169.411                            Jamsostek
    Total                           159.070.367              147.986.415             169.022.031                                 Total


   Liabilitas imbalan kerja karyawan jangka panjang                           Long-term employee benefits liabilities

   Kelompok Usaha memberikan imbalan pensiun                                  The Group provides pension benefits for its
   untuk karyawannya yang telah mencapai usia                                 employees who reach the retirement age of 55
   pensiun pada umur 55 tahun (2023: 55 tahun dan                             (2023: at the age of 55 and 2022: at the age of 57)
   2022: 57 tahun) sesuai dengan Undang-Undang                                based on the provisions of Labor Law Job Creation
   Cipta Kerja No.11/2020. Liabilitas imbalan kerja                           Law No.11/2020. The long-term employee benefits
   jangka panjang tersebut tidak didanai.                                     liabilities is unfunded.

   Kelompok Usaha mencatat liabilitas imbalan                                 The Group recorded the long-term employee
   kerja karyawan jangka panjang berdasarkan hasil                            benefit liabilities based on the calculation
   perhitungan aktuaria yang dilakukan oleh                                   performed by Kantor Konsultan Aktuaria Yusi dan
   Kantor Konsultan Aktuaria Yusi dan Rekan,                                  Rekan, an independent actuary, using the
   aktuaris independen, dengan menggunakan                                    “Projected Unit Credit” method. The primary
   metode “Projected Unit Credit”. Asumsi utama                               actuarial assumptions are as follows:
   yang digunakan untuk perhitungan aktuaris
   tersebut adalah sebagai berikut:
                                  Untuk tahun yang Berakhir pada Tanggal 31 Desember 2024
                                             For the year Ended December 31, 2024


  Tingkat diskonto                                         6,88% - 7,13%                                                 Discount rate
  Tingkat kenaikan gaji                                                10%                                     Rate of salary increase
  Tingkat pengunduran diri                      10% untuk umur di bawah 30 tahun                                     Resignation rate
                                              dan menurun secara linear sampai 0%
                                                      pada umur 55 tahun/
                                                     10% at before 30 years
                                             of age and will linearly decrease until 0%
                                                        at 55 years of age
  Tingkat mortalitas                                             TMI 2019                                                Mortality rate
  Umur pensiun normal                                                   55                                      Normal retirement age

                                  Untuk tahun yang Berakhir pada Tanggal 31 Desember 2023
                                             For the year Ended December 31, 2023


  Tingkat diskonto                                         6,37% - 7,10%                                                 Discount rate
  Tingkat kenaikan gaji                                                10%                                     Rate of salary increase
  Tingkat pengunduran diri                      10% untuk umur di bawah 30 tahun                                     Resignation rate
                                              dan menurun secara linear sampai 0%
                                                      pada umur 55 tahun/
                                                     10% at before 30 years
                                             of age and will linearly decrease until 0%
                                                        at 55 years of age
  Tingkat mortalitas                                             TMI 2019                                                Mortality rate
  Umur pensiun normal                                                   57                                      Normal retirement age




                                                             122
Page 438
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                              STATEMENTS
           Tanggal 31 Desember 2024                                                    As of December 31, 2024
          dan untuk tahun yang berakhir                                                and for year then ended
              pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
             kecuali dinyatakan lain)


24. LIABILITAS IMBALAN KERJA (lanjutan)                                   24. EMPLOYEE BENEFIT LIABILITIES (continued)

   Liabilitas imbalan kerja karyawan jangka panjang                             Long-term            employee      benefits        liabilities
   (lanjutan)                                                                   (continued)

   Kelompok Usaha mencatat liabilitas imbalan                                   The Group recorded the long-term employee
   kerja karyawan jangka panjang berdasarkan hasil                              benefit liabilities based on the calculation
   perhitungan aktuaria yang dilakukan oleh                                     performed by Kantor Konsultan Aktuaria Yusi dan
   Kantor Konsultan Aktuaria Yusi dan Rekan,                                    Rekan, an independent actuary, using the
   aktuaris independen, dengan menggunakan                                      “Projected Unit Credit” method. The primary
   metode “Projected Unit Credit”. Asumsi utama                                 actuarial assumptions are as follows: (continued)
   yang digunakan untuk perhitungan aktuaris
   tersebut adalah sebagai berikut: (lanjutan)
                                    Untuk tahun yang Berakhir pada Tanggal 31 Desember 2022/
                                                For the year Ended December 31, 2022


  Tingkat diskonto                                           5,52% - 7,43%                                                     Discount rate
  Tingkat kenaikan gaji                                                  10%                                         Rate of salary increase
  Tingkat pengunduran diri                        10% untuk umur di bawah 30 tahun                                       Resignation rate
                                                dan menurun secara linear sampai 0%
                                                        pada umur 57 tahun/
                                                       10% at before 30 years
                                               of age and will linearly decrease until 0%
                                                          at 57 years of age
  Tingkat mortalitas                                               TMI 2019                                                  Mortality rate
  Umur pensiun normal                                                     57                                        Normal retirement age


                                                    Untuk tahun yang berakhir
                                                   pada Tanggal 31 Desember/
                                                For the years ended December 31,

                                 31 Desember 2024/     31 Desember 2023/        31 Desember 2022/
                                 December 31, 2024     December 31, 2023        December 31, 2022
  Beban jasa kini                       43.043.681               40.882.579             25.007.522                      Current service cost
  Beban bunga                           11.369.497               10.866.843              1.988.298                                Interest cost
  Biaya jasa lalu                                -               19.304.858                      -                          Past service cost
  Pengakuan seketika                                                                                       Immediate recognition on effect of
     atas mutasi karyawan                1.317.477               (1.084.411)                (1.188.291)          transferred employees
  Penyesuaian karena perubahan                                                                                 Adjustment due to change in
     periode atribusi manfaat                     -                        -           (98.403.248)             benefit attribution period
  Total                                 55.730.655               69.969.869            (72.595.719)                                      Total




                                                               123
Page 439
                                                                                  The original consolidated financial statements included herein
                                                                                                                are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                      PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                       STATEMENTS
          Tanggal 31 Desember 2024                                                             As of December 31, 2024
         dan untuk tahun yang berakhir                                                         and for year then ended
             pada tanggal tersebut                                                        (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                        unless otherwise stated)
            kecuali dinyatakan lain)


24. LIABILITAS IMBALAN KERJA (lanjutan)                                           24. EMPLOYEE BENEFIT LIABILITIES (continued)

   Liabilitas imbalan kerja karyawan jangka panjang                                     Long-term        employee         benefits         liabilities
   (lanjutan)                                                                           (continued)

   Mutasi liabilitas imbalan aktuarial di laporan posisi                                The movement of estimated actuarial liabilities in
   keuangan konsolidasian adalah sebagai berikut:                                       the consolidated statements of financial position
                                                                                        were as follows:

                                                          Untuk tahun yang berakhir
                                                         pada Tanggal 31 Desember/
                                                      For the years ended December 31,

                                      31 Desember 2024/       31 Desember 2023/         31 Desember 2022/
                                      December 31, 2024       December 31, 2023         December 31, 2022
    Saldo awal                              196.352.920               155.732.232             193.162.215                         Beginning Balance

    Beban/(pendapatan)
       imbalan kerja                          55.730.655                  69.969.869          (72.595.719)     Employee benefit expenses/(benefit)
    Transfer masuk/(keluar) karyawan                                                                                              Transfer of in/(out)
       ke pihak bereasi                        (1.165.157)              1.162.245                (517.555)           employee to related parties
    Pembayaran selama tahun berjalan          (12.015.346)            (18.089.635)             (6.103.833)                  Payment during the year
    (Keuntungan)/kerugian aktuarial                                                                                    Actuarial (gain)/loss charged
       yang diakui sebagai laba/kerugian                                                                                  to other comprehensive
       komprehensif lainnya:                                                                                                          income/loss:
          - Perubahan asumsi keuangan          (6.827.141)                271.058              48.216.107     Changes in financial assumptions -
          - Penyesuaian pengalaman            (32.040.387)            (12.692.849)             (6.428.983)                 Experience adjustments -
    Saldo Akhir                             200.035.544               196.352.920             155.732.232                           Ending balance



   Analisa sensitivitas kuantitatif untuk asumsi-asumsi                                 The quantitative sensitivity analysis for significant
   yang signifikan pada tanggal 31 Desember 2024,                                       assumptions as of December 31, 2024, 2023, and
   2023, dan 2022 terhadap nilai kewajiban imbalan                                      2022 to the employee benefit liabilities are as
   kerja adalah sebagai berikut:                                                        follows:
                                       Tingkat diskonto/                         Kenaikan gaji di masa depan/
                                        Discount rates                             Future salary increases
                                                 Pengaruh terhadap                            Pengaruh terhadap
                                                      nilai kini                                   nilai kini
                                                     kewajiban                                    kewajiban
                                                      imbalan                                      imbalan
                                                        kerja/                                       kerja/
                                                      Effect on                                    Effect on
                                                   present value                                present value
                                Persentase/          of benefits               Persentase/        of benefits
                                Percentage          obligations                Percentage        obligations
   31 Desember 2024                                                                                                             December 31, 2024
      Kenaikan                             +1%             (22.249.604)                 +1%            19.868.557                      Increase
      Penurunan                            -1%              23.297.562                  -1%           (51.954.303)                    Decrease

   31 Desember 2023                                                                                                             December 31, 2023
      Kenaikan                             +1%             (12.769.623)                 +1%            10.196.209                      Increase
      Penurunan                            -1%              25.350.155                  -1%           (32.158.894)                    Decrease

   31 Desember 2022                                                                                                             December 31, 2022
      Kenaikan                             +1%             (73.995.295)                 +1%           (58.614.495)                     Increase
      Penurunan                            -1%              66.841.476                  -1%            93.542.894                     Decrease




                                                                     124
Page 440
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                            STATEMENTS
          Tanggal 31 Desember 2024                                                  As of December 31, 2024
         dan untuk tahun yang berakhir                                              and for year then ended
             pada tanggal tersebut                                             (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
            kecuali dinyatakan lain)


24. LIABILITAS IMBALAN KERJA (lanjutan)                                  24. EMPLOYEE BENEFIT LIABILITIES (continued)

   Jadwal jatuh tempo dari liabilitas imbalan pasti pada               The maturity profile of defined benefits obligation as of
   tanggal 31 Desember 2024, 2023, dan 2022:                           December 31, 2024, 2023, dan 2022:
                                  31 Desember 2024/   31 Desember 2023/      31 Desember 2022/
                                  December 31, 2024   December 31, 2023      December 31, 2022
    1 tahun                              16.364.568           3.499.828                 4.400.394                     Within one year
    2-5 tahun                            70.256.725          61.802.767                39.373.074                            2-5 years
    Lebih dari 5 tahun                5.043.204.274       2.330.882.978             1.332.492.915                    More than 5 years

   Durasi rata-rata kewajiban manfaat pasti pada akhir                 The average duration of the defined benefits plan
   periode pelaporan masing-masing adalah 18,58                        obligation at the end of reporting period is 18.58 (2023:
   (2023: 15,77 dan 2022: 16,59)        tahun untuk                    15.77 dan 2022: 16.59) years for the Group.
   Kelompok Usaha.

25. MODAL SAHAM                                                        25. SHARE CAPITAL
   a. Modal ditempatkan dan disetor penuh                                   a.     Issued and fully paid shares
       Komposisi kepemilikan saham Perseroan pada                                  The share capital ownership of the Company as
       tanggal 31 Desember 2024, 2023, dan 2022                                    of December 31, 2024, 2023, and 2022 are as
       adalah sebagai berikut:                                                     follows:
      31 Desember 2024                                                                                           December 31, 2024
                                      Jumlah            Persentase
                                      saham/           kepemilikan/
                                     Number of         Percentage of
      Pemegang saham                  shares            ownership                Jumlah/Total                           Shareholders
      PT Citra Borneo Indah              5.933.727             62,30%               593.372.680                  PT Citra Borneo Indah
      PT Putra Borneo Agro                                                                                       PT Putra Borneo Agro
        Lestari                            767.401              8,05%                76.740.104                              Lestari
      Masyarakat (masing-masing
        dibawah 5% kepemilikan)          2.823.872             29,65%               282.387.216       Public (each below 5% ownership)
     Total                               9.525.000                100%              952.500.000                                  Total

      31 Desember 2023                                                                                           December 31, 2023
                                      Jumlah            Persentase
                                      saham/           kepemilikan/
                                     Number of         Percentage of
      Pemegang saham                  shares            ownership                Jumlah/Total                           Shareholders
      PT Citra Borneo Indah              5.833.317             61,24%               583.331.710                  PT Citra Borneo Indah
      PT Putra Borneo Agro                                                                                       PT Putra Borneo Agro
        Lestari                            915.499              9,61%                91.549.930                               Lestari
      Masyarakat (masing-masing
        dibawah 5% kepemilikan)          2.776.184             29,15%               277.618.360       Public (each below 5% ownership)

     Total                               9.525.000            100,00%               952.500.000                                  Total

      31 Desember 2022                                                                                          December 31, 2022
                                      Jumlah            Persentase
                                      saham/           kepemilikan/
                                     Number of         Percentage of
      Pemegang saham                  shares            ownership                Jumlah/Total                           Shareholders
      PT Citra Borneo Indah              5.171.590             54,30%               517.158.940                  PT Citra Borneo Indah
      PT Putra Borneo Agro                                                                                       PT Putra Borneo Agro
        Lestari                            939.428              9,86%                93.942.841                               Lestari
      Masyarakat (masing-masing
        dibawah 5% kepemilikan)          3.413.982             35,84%               341.398.219       Public (each below 5% ownership)

     Total                               9.525.000            100,00%               952.500.000                                  Total




                                                            125
Page 441
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                  STATEMENTS
          Tanggal 31 Desember 2024                                        As of December 31, 2024
         dan untuk tahun yang berakhir                                    and for year then ended
             pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
            kecuali dinyatakan lain)


25. MODAL SAHAM (lanjutan)                                    25. SHARE CAPITAL (continued)

   b.   Dividen                                                   b.   Dividends
        Berdasarkan Akta Notaris Aulia Taufani, S.H.,                  Based on Notarial Deed No. 31 of Aulia Taufani,
        No. 31 mengenai Rapat Umum Pemegang                            S.H., regarding Annual Shareholders General
        Saham Tahunan untuk tahun buku 2021 pada                       Meeting for the 2021 period on May 23, 2022,
        tanggal 23 Mei 2022, para pemegang saham                       the shareholders approved dividend distribution
        menyetujui pembagian dividen sebesar                           amounting to Rp763,437,037 (Rp80.15 per
        Rp763.435.437 (Rp80,15 per saham) yang                         share), which has been fully paid on June 21,
        telah dibagikan seluruhnya pada tanggal                        2022.
        21 Juni 2022.
        Berdasarkan hasil rapat Dewan Komisaris dan                    Based on Boards of Commissioners and
        Direksi Perseroan pada tanggal 30 September                    Directors meeting on September 30, 2022, the
        2022, Perseroan membagikan dividen interim                     Company has distributed the interim dividend
        sebesar Rp710.985.556 (Rp74,64 per saham).                     amounting to Rp710,985,556 (Rp74.64 per
        Dividen tersebut telah dibagikan seluruhnya                    share). The dividend has fully distributed on
        pada tanggal 3 Oktober 2022.                                   October 3, 2022.
        Berdasarkan Akta Notaris Aulia Taufani, S.H.,                  Based on Notarial Deed No. 29 of Aulia Taufani,
        No. 29 mengenai Rapat Umum Pemegang                            S.H., regarding Annual Shareholders General
        Saham Tahunan untuk tahun buku 2022 pada                       Meeting for the 2022 period on May 8, 2023, the
        tanggal 8 Mei 2023, para pemegang saham                        shareholders approved dividend distribution
        menyetujui pembagian dividen sebesar                           amounting to Rp710,985,556 (Rp74.64 per
        Rp710.985.556 (Rp74,64 per saham) yang                         share),   which     has    been fully     paid
        telah      dibagikan   seluruhnya       pada                   on June 8, 2023.
        tanggal 8 Juni 2023.

        Berdasarkan Keputusan Sirkuler sebagai                         Based on Circular Memo in lieu of the Annual
        pengganti Rapat Umum Pemegang Saham                            General Meeting of Shareholder of MMS, a
        Tahunan MMS, entitas anak, tanggal 30 Mei                      subsidiary, dated May 30, 2023 the
        2023, para pemegang saham MMS menyetujui                       shareholders approved dividend distribution to
        pembagian dividen kepada Perseroan dan                         the Company and PT Mandiri Indah Lestari
        PT Mandiri Indah Lestari masing-masing                         respectively   to    Rp104,050,000        and
        sebesar Rp104.050.000 dan Rp1.040.500.                         Rp1,040,500, which has been fully paid on
        Dividen tersebut telah dibagikan seluruhnya                    May 30, 2023.
        pada tanggal 30 Mei 2023.

        Berdasarkan Akta Notaris Aulia Taufani, S.H.,                  Based on Notarial Deed No. 48 of Aulia
        No. 48 mengenai Rapat Umum Pemegang                            Taufani, S.H. regarding Annual Shareholders
        Saham Tahunan CBUT, entitas anak, untuk                        General Meeting of CBUT, a subsidiary entity,
        tahun buku 2023 pada tanggal 24 April 2024,                    for the 2023 period on April 24, 2024, the
        para pemegang saham menyetujui pembagian                       shareholders approved dividend distribution to
        dividen kepada Kelompok Usaha dan                              the Group and non-controlling interest
        kepentingan non pengendali masing-masing                       respectively amounting to Rp22,560,529 and
        sebesar Rp22.560.529 dan Rp6.283.221                           Rp6,283,221 (Rp9.23 per share), which has
        (Rp9,23 per saham) yang telah dibagikan                        been fully paid on May 13, 2024.
        seluruhnya pada tanggal 13 Mei 2024.

        Berdasarkan Keputusan Sirkuler sebagai                         Based on Circular Memo in lieu of the Annual
        pengganti Rapat Umum Pemegang Saham                            General Meeting of Shareholder of MMS, a
        Tahunan MMS, entitas anak, tanggal                             subsidiary, dated September 9, 2024 the
        9 September 2024, para pemegang saham                          shareholders approved dividend distribution to
        MMS menyetujui pembagian dividen kepada                        the Company and PT Mandiri Indah Lestari
        Perseroan dan PT Mandiri Indah Lestari                         respectively    to   Rp109,069,812        and
        masing-masing sebesar Rp109.069.812 dan                        Rp1,101,717 which has been fully paid on
        Rp1.101.717. Dividen tersebut telah dibagikan                  September 9, 2024.
        seluruhnya tanggal 9 September 2024.


                                                        126
Page 442
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                STATEMENTS
             Tanggal 31 Desember 2024                                                      As of December 31, 2024
            dan untuk tahun yang berakhir                                                  and for year then ended
                pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
               kecuali dinyatakan lain)


25. MODAL SAHAM (lanjutan)                                                  25. SHARE CAPITAL (continued)

   c.    Manajemen modal                                                           c.   Capital management
         Tujuan utama manajemen modal Kelompok                                          The primary objective of the Group’s capital
         Usaha adalah untuk memastikan Kelompok                                         management is to ensure that it maintains a
         Usaha menjaga peringkat kredit yang kuat dan                                   strong credit rating and healthy capital ratios in
         rasio modal yang sehat dalam rangka                                            order to support its business and maximize
         mendukung bisnisnya dan memaksimalkan                                          shareholder value.
         nilai bagi pemegang saham.

         Perseroan disyaratkan untuk memelihara tingkat                                 The Company is required under its loan
         permodalan tertentu oleh perjanjian pinjaman                                   agreements to maintain certain level of share
         (Catatan 21). Perseroan telah memenuhi                                         capital (Note 21). The Company has complied
         persyaratan tersebut. Selain itu, Perseroan juga                               with this requirement. In addition, the Group is
         dipersyaratkan oleh Undang-Undang No. 40                                       also required by the Law No. 40 Year 2007
         tahun 2007 tentang Perseroan Terbatas, untuk                                   regarding Limited Liability Entities, to allocate
         mengalokasikan sampai dengan 20% dari modal                                    and maintain a non-distributable reserve fund
         saham ditempatkan dan disetor penuh ke dalam                                   until the reserve reach at least 20% of the
         dana cadangan yang tidak boleh didistribusikan.                                issued and fully paid share capital.

                                        31 Desember 2024/     31 Desember 2023/     31 Desember 2022/
                                        December 31, 2024     December 31, 2023     December 31, 2022

          Jumlah liabilitas                  8.873.484.995        9.820.482.573         9.092.405.909                          Total liabilities
          Dikurangi:                                                                                                                     Less:
          Utang lain-lain - pihak berelasi     (44.501.687)         (37.544.615)          (13.432.293)        Other payables - related parties

          Jumlah liabilitas, neto            8.828.983.308        9.782.937.958         9.078.973.616                      Total liabilities, net


          Net worth:                                                                                                               Net worth:
          - Modal disetor                      952.500.000          952.500.000           952.500.000                        Paid-up capital -
          - Saldo laba                       4.139.123.090        3.319.589.415         4.587.470.896                     Retained earnings -
          - Utang lain-lain                                                                                                  Other payables -
              pihak berelasi                   44.501.687            37.544.615            13.432.293                      related parties

          Jumlah net worth                   5.136.124.777        4.309.634.030         5.553.403.189                          Total net worth

          Leverage ratio (%)                        172%                  227%                 163%                       Leverage ratio (%)



   d.    Penyisihan saldo laba                                                     d. Appropriation of retained earnings

         Berdasarkan Akta Notaris Aulia Taufani, S.H.                                   Based on Notarial Deed No. 61 of Aulia
         MH. M.Kn, No. 61 mengenai Rapat Umum                                           Taufani, S.H. MH. M.Kn., regarding Annual
         Pemegang Saham Tahunan untuk tahun buku                                        Shareholders General Meeting for the
         2023 pada tanggal 25 April 2024, para                                          2023 period on April 25, 2024, the shareholders
         pemegang saham menyetujui penyisihan saldo                                     approved the appropriation of retained
         laba sebesar Rp518.314.064 sebagai dana                                        earnings to general reserve amounting
         cadangan umum                                                                  Rp518,314,064




                                                                    127
Page 443
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                             STATEMENTS
             Tanggal 31 Desember 2024                                                   As of December 31, 2024
            dan untuk tahun yang berakhir                                               and for year then ended
                pada tanggal tersebut                                              (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                              unless otherwise stated)
               kecuali dinyatakan lain)


25. MODAL SAHAM (lanjutan)                                                25. SHARE CAPITAL (continued)
   d.    Penyisihan saldo laba (lanjutan)                                       d. Appropriation          of     retained      earnings
                                                                                   (continued)
         Berdasarkan Akta Notaris Aulia Taufani, S.H.                                  Based on Notarial Deed No. 29 of Aulia
         MH. M.Kn., No. 29 mengenai Rapat Umum                                         Taufani, S.H. MH. M.Kn., regarding Annual
         Pemegang Saham Tahunan untuk tahun buku                                       Shareholders General Meeting for the
         2022 pada tanggal 8 Mei 2023, para pemegang                                   2022 period on May 8, 2023, the shareholders
         saham menyetujui penyisihan saldo laba                                        approved the appropriation of retained
         sebesar Rp369.623.796 sebagai dana                                            earnings to general reserve amounting
         cadangan umum.                                                                Rp369,623,796.

         Berdasarkan Akta Notaris Aulia Taufani, S.H.                                  Based on Notarial Deed No. 31 of Aulia
         MH. M.Kn, No. 31 mengenai Rapat Umum                                          Taufani, S.H. MH. M.Kn., regarding Annual
         Pemegang Saham Tahunan untuk tahun buku                                       Shareholders General Meeting for the
         2021 pada tanggal 23 Mei 2022, para                                           2021 period on May 23, 2022, the shareholders
         pemegang saham menyetujui penyisihan saldo                                    approved the appropriation of retained
         laba sebesar Rp305.374.175 sebagai dana                                       earnings to general reserve amounting
         cadangan umum.                                                                Rp305,374,175.
   e.    Kepentingan non-pengendali                                             e.     Non-controlling interest
         Kepentingan non-pengendali atas aset,                                         Non-controlling interest in net assets, net
         neto

                                       31 Desember 2024/   31 Desember 2023/     31 Desember 2022/
                                       December 31, 2024   December 31, 2023     December 31, 2022

          PT Citra Borneo Utama Tbk.         211.148.310          196.579.004                     -            PT Citra Borneo Utama Tbk.
          PT Kalimantan Sawit Abadi           36.987.625           29.602.777            25.327.085             PT Kalimantan Sawit Abadi
          PT Mitra Mendawai Sejati            14.742.835           13.172.969            12.904.643              PT Mitra Mendawai Sejati
          Total                              262.878.770          239.354.750            38.231.728                                 Total


                                                        Untuk tahun yang berakhir
                                                       pada Tanggal 31 Desember/
                                                    For the years ended December 31,
                                             2024                2023                    2022
          PT Citra Borneo Utama Tbk.          20.852.527                    -                     -            PT Citra Borneo Utama Tbk.
          PT Kalimantan Sawit abadi            7.384.850            4.275.690             5.054.091             PT Kalimantan Sawit Abadi
          PT Mitra Mendawai Sejati             2.671.580            1.308.828             3.661.136              PT Mitra Mendawai Sejati
          Jumlah                              30.908.957            5.584.518             8.715.227                                 Total




                                                                  128
Page 444
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                               STATEMENTS
             Tanggal 31 Desember 2024                                                     As of December 31, 2024
            dan untuk tahun yang berakhir                                                 and for year then ended
                pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
               kecuali dinyatakan lain)


25. MODAL SAHAM (lanjutan)                                                 25. SHARE CAPITAL (continued)
   e.    Kepentingan non-pengendali (lanjutan)                                    e.   Non-controlling interest (continued)
         Kepentingan non-pengendali atas aset,                                         Non-controlling interest in net assets, net
         neto (lanjutan)                                                               (continued)

          Ringkasan informasi keuangan dari CBUT,                                      The summary of financial information of CBUT,
          entitas anak, tersebut disajikan berikut ini,                                a subsidiary entity, is provided below, based on
          berdasarkan jumlah sebelum eliminasi antar-                                  amounts before inter-company eliminations:
          perusahaan:
          Ringkasan laporan posisi keuangan                                            Summary of statement of financial position

                                       31 Desember 2024/    31 Desember 2023/      31 Desember 2022/
                                       December 31, 2024    December 31, 2023      December 31, 2022

          Aset lancar                       3.591.724.482        3.925.962.970          2.600.404.950                      Current assets
          Aset tidak lancar                   608.598.087          410.233.275            419.569.218                  Non-current assets
          Liabilitas jangka pendek        (2.547.153.163)       (2.659.657.732)        (2.066.899.813)                   Current liabilities
          Liabilitas jangka panjang         (683.868.099)         (774.119.440)          (183.554.624)                Non-current liabilities
          Total Ekuitas                      969.301.307          902.419.073            769.519.731                            Total Equity


          Dapat diatribusikan kepada
            kepentingan                                                                                       Attributable to non-controlling
            non-pengendali                   211.113.824          196.579.004                       -                            interests


          Ringkasan laporan laba rugi dan penghasilan                                  Summary of statement of profit or loss and other
          komprehensif lain                                                            comprehensive income
                                                        Untuk tahun yang berakhir
                                                       pada Tanggal 31 Desember/
                                                    For the years ended December 31,
                                             2024                2023                     2022
          Pendapatan dari kontrak                                                                                  Revenue from contracts
            dengan pelanggan               9.766.107.502       10.319.437.441          9.619.266.708                   with customers
          Laba tahun berjalan                 68.186.097          144.244.510            223.147.515                    Profit for the year
          Penghasilan komprehensif
            lain tahun berjalan setelah                                                                       Other comprehensive income
            pajak                             27.539.887          (11.345.169)            43.237.334              for the year, net of tax
          Total penghasilan
            komprehensif tahun                                                                              Total comprehensive income
            berjalan                          95.725.984          132.899.341            266.384.849                       for the years

          Laba tahun berjalan/total
            penghasilan komprehensif                                                                                  Profit for the year/total
            tahun berjalan - yang dapat                                                                          comprehensive income
            diatribusikan kepada                                                                                for the year - attributable
            kepentingan non-pengendali        20.852.527                     -                      -          to non-controlling interest

         Ringkasan laporan arus kas                                                    Summary of statement of cash flows
                                                        Untuk tahun yang berakhir
                                                       pada Tanggal 31 Desember/
                                                    For the years ended December 31,
                                             2024                2023                     2022
          Kas neto yang (digunakan)                                                                                      Net cash (used in)/
            untuk)/diperoleh dari                                                                                             provided by
            aktivitas operasi               (246.256.696)        (520.174.000)           778.239.323                     operating activities
          Kas neto yang diperoleh                                                                                    Net cash provided by/
            dari/(digunakan untuk)                                                                                               (used in)
            aktivitas investasi              534.331.288         (322.558.000)          (314.219.445)                 investing activities
          Kas neto yang (digunakan                                                                                       Net cash (used in)/
            untuk)/diperoleh dari                                                                                             provided by
            aktivitas pendanaan             (358.901.428)         106.171.000            244.221.665                  financing activities



                                                                  129
Page 445
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                 STATEMENTS
         Tanggal 31 Desember 2024                                                       As of December 31, 2024
        dan untuk tahun yang berakhir                                                   and for year then ended
            pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
           kecuali dinyatakan lain)


26. TAMBAHAN MODAL DISETOR                                               26. ADDITIONAL PAID-IN CAPITAL
                                   31 Desember 2024/      31 Desember 2023/      31 Desember 2022/
                                   December 31, 2024      December 31, 2023      December 31, 2022

      Kelebihan penerimaan                                                                                                     Excess proceeds
        diatas nilai                                                                                                            from issuance
        nominal saham                     855.000.000           855.000.000                855.000.000               of share capital par value
        Biaya emisi saham                 (36.439.885)          (36.439.885)               (36.439.885)                  Share issuance costs

                                          818.560.115           818.560.115                818.560.115
                                                                                                                  Difference in value of business
      Selisih nilai kombinasi bisnis                                                                                combination between entities
        entitas sepengendali                                                                                            under common control
        dari akuisisi entitas anak:                                                                                         of the subsidiaries:
        - PT Mitra Mendawai Sejati          12.169.385            12.169.385             12.169.385                PT Mitra Mendawai Sejati -
        - PT Kalimantan Sawit Abadi          5.214.187             5.214.187              5.214.187               PT Kalimantan Sawit Abadi -
        - PT Ahmad Saleh Perkasa              (589.393)             (589.393)              (589.393)               PT Ahmad Saleh Perkasa -
        - PT Sawit Mandiri Lestari            (613.124)             (613.124)              (613.124)                 PT Sawit Mandiri Lestari -
        - PT Tanjung Sawit Abadi          (101.815.579)         (101.815.579)          (101.815.579)                 PT Tanjung Sawit Abadi -
        - PT Sawit Multi Utama            (192.006.420)         (192.006.420)          (192.006.420)                    PT Sawit Multi Utama -
        - PT Citra Borneo Utama Tbk.    (3.392.969.514)       (3.392.969.514)                     -              PT Citra Borneo Utama Tbk. -

                                        (3.670.610.458)       (3.670.610.458)          (277.640.944)

      Total                             (2.852.050.343)       (2.852.050.343)              540.919.171                                     Total



   Biaya-biaya yang terkait dengan penerbitan saham                             The costs related to the issuance of the new shares
   baru sehubungan dengan Penawaran Umum                                        in respect to the Initial Public Offering comprised of
   Saham Perdana terdiri dari imbalan jasa                                      professional fees paid to underwriters, accountants,
   profesional yang dibayarkan kepada penjamin                                  legal adviser, financial advisers, appraiser and the
   emisi, akuntan, penasihat hukum, penasihat                                   share register and costs directly related to Initial
   keuangan, penilai dan Biro Administrasi Efek serta                           Public Offering process.
   biaya-biaya yang berkaitan langsung dengan
   proses Penawaran Umum Saham Perdana.

27. SELISIH TRANSAKSI DENGAN PIHAK NON-                                 27. DIFFERENCE IN TRANSACTIONS WITH NON-
    PENGENDALI                                                              CONTROLLING PARTIES
   Selisih transaksi dengan pihak non-pengendali                                Difference in transactions with non-controlling party
   merupakan selisih atas peningkatan persentase                                represents difference on increase in the Company’s
   kepemilikan saham Perseroan di PT Kalimantan                                 percentage ownership at PT Kalimantan Sawit
   Sawit Abadi dan PT Mitra Mendawai Sejati.                                    Abadi and PT Mitra Mendawai Sejati.
                                                                                            Selisih transaksi
                                    Penyesuaian                                              dengan pihak
                                     kepentingan                                             non-pengendali/
                                    non-pengendali/ Imbalan yang          Setoran               Difference
                                    Adjustment of     dialihkan/          modal/             transactions with
                                   non-controlling Consideration          Capital            non-controlling
                                       interest      transferred        contribution             parties

   31 Desember 2022                    632.986.103        28.962.500    514.910.000             89.113.603                December 31, 2022

   PT Mitra Mendawai Sejati                        -               -                   -                  -           PT Mitra Mendawai Sejati
   PT Kalimantan Sawit Abadi                       -               -                   -                  -          PT Kalimantan Sawit Abadi

   31 Desember 2023                    632.986.103        28.962.500    514.910.000             89.113.603                December 31, 2023

   PT Mitra Mendawai Sejati                        -               -                   -                  -           PT Mitra Mendawai Sejati
   PT Kalimantan Sawit Abadi                       -               -                   -                  -          PT Kalimantan Sawit Abadi

   31 Desember 2024                    632.986.103        28.962.500    514.910.000             89.113.603                December 31, 2024




                                                                130
Page 446
                                                                                         The original consolidated financial statements included herein
                                                                                                                       are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                                          PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                           STATEMENTS
            Tanggal 31 Desember 2024                                                                 As of December 31, 2024
           dan untuk tahun yang berakhir                                                             and for year then ended
               pada tanggal tersebut                                                            (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                            unless otherwise stated)
              kecuali dinyatakan lain)


28. PENDAPATAN                 DARI       KONTRAK              DENGAN                  28. REVENUE   FROM                          CONTRACTS                 WITH
    PELANGGAN                                                                              CUSTOMERS

    Penjualan neto berdasarkan jenis produk adalah                                            Net sales by products were as follows:
    sebagai berikut:

                                                Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                                          For the years ended December 31,

                                               31 Desember 2024/      31 Desember 2023/           31 Desember 2022/
                                               December 31, 2024      December 31, 2023           December 31, 2022

                                                      2024                     2023                     2022

     Pihak berelasi:                                                                                                                         Pihak berelasi:
     Minyak kelapa sawit                            2.786.474.193                       -               174.705.970                            Crude palm oil
     Palm olein                                     2.754.292.678           7.296.890.990             5.886.000.677                                Palm olein
     Tandan buah segar                                411.702.030             103.152.127               228.084.300                       Fresh fruit bunches
     Asam lemak distilat                              207.171.885             346.265.664               387.885.086                   Palm fatty acid distillate
     Refine, Bleched and Deodorized                                                                                          Refine, Bleched and Deodorized
          Palm oil (RBDPO)                            196.685.011             293.213.093             1.247.897.906                        Palm Oil (RBDPO)
     Inti sawit                                        10.850.000               3.750.119                         -                               Palm kernel
     Palm stearin                                               -           1.702.665.075             1.203.917.998                              Palm stearin
     Minyak inti sawit                                          -             261.797.733               500.782.033                        Crude palm kernel

                                                    6.367.175.797          10.007.734.801             9.629.273.970
     Pihak ketiga:                                                                                                                          Third parties:
     Palm olein                                     1.480.090.534                        -                        -                              Palm olein
     Palm stearin                                     861.487.084                        -                        -                            Palm stearin
     Minyak inti sawit                                775.360.535              290.110.233              357.771.449                   Crude palm kernel oil
     Minyak kelapa sawit                              704.260.225              330.690.385            1.149.747.380                         Crude palm oil
     Tandan buah segar                                154.851.260                        -                        -                     Fresh fruit bunches
     Refined, bleached and deodorized                                                                                   Refined, bleached and deodorized
         palm oil (RBDPO)                             106.757.657                        -                        -                      palm oil (RBDPO)
     PKE                                               41.568.442               48.682.655               57.605.626                                    PKE
     Kemasan                                           30.099.161               15.035.511               40.703.091                              Pillowpack
     Inti sawit                                                 -               11.158.260                5.117.500                             Palm kernel

                                                    4.154.474.898              695.677.044            1.610.945.046

     Total                                        10.521.650.695           10.703.411.845            11.240.219.016                                       Total



    Rincian pelanggan dengan nilai pendapatan                                                The details of customers which represent more
    melebihi 10% dari jumlah pendapatan usaha                                                than 10% of the total revenues are as follows:
    adalah sebagai berikut:
                                                 Jumlah/                              Persentase dari jumlah penjualan/
                                                 Total                                   Percentage of total sales
                                   2024            2023             2022              2024            2023            2022

  Pihak berelasi:                                                                                                                                     Related party:
  Borneo Agri-Resources                                                                                                                      Borneo Agri-Resources
     International Pte. Ltd.   6.305.994.337   4.408.072.992   3.317.828.119              60%                41%             29%             International Pte. Ltd.

  Pihak Ketiga:                                                                                                                                        Third party:
  Grand Oils & Foods                                                                                                                              Grand Oils & Food
     (Singapore) Pte. Ltd.                 -               -   2.101.458.691                 0%              0%              19%              (Singapore) Pte. Ltd.




                                                                            131
Page 447
                                                                                    The original consolidated financial statements included herein
                                                                                                                  are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                       PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                        STATEMENTS
           Tanggal 31 Desember 2024                                                              As of December 31, 2024
          dan untuk tahun yang berakhir                                                          and for year then ended
              pada tanggal tersebut                                                         (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                         unless otherwise stated)
             kecuali dinyatakan lain)


29. BEBAN POKOK PENJUALAN                                                          29. COST OF SALES

                                            Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                                      For the years ended December 31,

                                       31 Desember 2024/        31 Desember 2023/         31 Desember 2022/
                                       December 31, 2024        December 31, 2023         December 31, 2022

     Pembelian bahan baku                    4.587.744.711            4.747.709.975           3.680.521.868                 Purchases of raw materials
     Pemupukan dan perawatan                   713.923.908            1.177.278.358           1.273.333.591                  Fertilizer and maintenance
     Biaya tenaga kerja                        630.404.181              690.216.649             674.439.093                                   Labor costs
     Biaya overhead                            315.497.053              404.602.067             362.521.566                               Overhead costs
     Biaya pabrikasi                           233.480.419              296.078.740             291.620.689                                  Milling costs
     Biaya tranportasi                         171.547.371              145.971.687             151.227.549                           Transportation cost
     Beban penyusutan aset tetap                                                                                            Depreciation of fixed assets
        (Catatan 11b)                          210.989.242              192.215.540             180.297.478                                 (Note 11b)
     Biaya panen                               153.543.117              186.568.971             184.789.076                              Harvesting costs
     Amortisasi tanaman menghasilkan                                                                                          Amortization of mature oil
        (Catatan 11a)                          153.075.500              152.921.938             152.828.912              palm plantation (Note 11a)
     Biaya amortisasi aset hak guna                                                                                   Amortization of right of use assets
        (Catatan 12)                              6.656.965                  1.824.180                    -                                  (Note 12)

     Biaya produksi                          7.176.862.467            7.995.388.105           6.951.579.822                           Cost of production

     Ditambah: Minyak kelapa sawit, inti                                                                         Add: Crude palm oil, palm kernel and,
        sawit dan minyak inti sawit                                                                                             crude palm kernel oil
        di awal tahun                          631.401.138              492.390.379             454.001.635             at the beginning of the year
     Ditambah: Pembelian minyak kelapa                                                                                Add: Purchase of crude palm oil,
        sawit, inti sawit                                                                                         crude palm kernel oil, palm kernel
        inti sawit dan minyak inti sawit        43.126.912                  47.978.539           22.598.719               and crude palm kernel oil
     Dikurangi: Minyak kelapa sawit, inti                                                                           Less: Crude palm oil, palm kernel,
        sawit, dan minyak inti sawit                                                                                      and crude palm kernel oil
        di akhir tahun                        (609.350.408)            (631.401.138)           (492.390.379)                   at the end of the year

     Total                                   7.242.040.109            7.904.355.885           6.935.789.797                                         Total


   Pada tahun yang berakhir 31 Desember 2024, 2023                                       During the years ended December 31, 2024, 2023
   dan 2022, pembelian Kelompok Usaha kepada                                             and 2022, the Group’s purchase to vendors that
   pemasok yang melebihi 10% dari jumlah beban                                           exceed 10% of total cost of sales were as follows:
   pokok penjualan adalah sebagai berikut:
                                                  Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                           For the year Ended December 31,


                                2024            2023           2022              2024          2023            2022

  Pihak Ketiga:                                                                                                                                Third Party:
  PT Multi Usaha Abadi      1.019.930.204   1.100.636.336     883.379.801          14,08%        13,92%          12,73%               PT Multi Usaha Abadi




                                                                       132
Page 448
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                              STATEMENTS
         Tanggal 31 Desember 2024                                                    As of December 31, 2024
        dan untuk tahun yang berakhir                                                and for year then ended
            pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
           kecuali dinyatakan lain)


30. BEBAN/PENDAPATAN                                                   30. EXPENSES/INCOME

   Beban/pendapatan untuk tahun yang berakhir pada                           Expenses/income   for   the  years  ended
   tanggal 31 Desember 2024, 2023, dan 2022 adalah                           December 31, 2024, 2023, and 2022 were as
   sebagai berikut:                                                          follows:


                                        Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                                  For the years ended December 31,

                                          2024                2023                  2022

  Beban penjualan                                                                                                      Selling expenses
  Pajak ekspor dan cukai                  898.914.514          855.367.334       1.053.952.639                        Export tax and levy
  Klaim kualitas                                    -               10.865             883.033                               Quality claim

  Total                                   898.914.514          855.378.199       1.054.835.672                                      Total



  Beban umum dan administrasi                                                                     General and administrative expenses
  Gaji, upah, dan kompensasi karyawan     287.250.284          287.381.200         353.889.348               Salaries, wages, and bonus
  Asuransi dan perizinan                  165.067.903           22.583.288          25.135.375                    Insurance and permits
  Sewa                                    160.959.129          120.949.648         102.750.794                                       Rent
  Imbalan kerja (Catatan 24)               55.730.655           69.969.869         (72.595.719)             Employee benefits (Note 24)
  Pajak bangunan, kendaraan                                                                                                 Property and
    dan lainnya                            48.071.824           39.996.056          48.063.710                  vehicle tax and others
  Pemeliharaan                             38.060.487           39.951.741          25.573.857                              Maintenance
  Penyusutan (Catatan 11b)                 38.931.165           35.518.906          21.495.152                 Depreciation (Note 11b)
  Jasa profesional                         20.596.637           31.210.290          89.653.782                          Professional fees
  Tanggung jawab sosial Perseroan          23.820.977           28.667.124          31.625.199             Corporate social responsibility
  Depresiasi aset hak guna                                                                            Depreciation of right of use assets
    (Catatan 12)                           18.221.737           16.003.383           2.656.818                                 (Note 12)
  Perjalanan dinas                         16.992.433           20.697.248          17.071.618                            Business travel
  Telepon, air, dan listrik                13.461.047           12.849.822           8.699.362          Telephone, water, and electricity
  Pelatihan dan rekrutmen                   9.707.918           14.745.015          11.856.023                  Training and recruitment
  Kantor                                    8.860.033           18.625.171          11.361.863                                      Office
  Sumbangan dan perayaan                    8.273.759           12.770.151          19.023.391                Donations and ceremonies
  Keamanan                                  5.127.276           16.087.061          14.343.054                                    Security
  Amortisasi aset tak berwujud                                                                          Amortization of intangible assets
    (Catatan 13)                            2.690.756            3.445.842           3.748.735                                 (Note 13)
  Denda Pajak                                 168.336            3.385.425          16.018.001                               Tax Penalty
  Jasa Manajemen                                    -           19.200.000          19.200.000                      Management service
  Lain-lain (jumlah masing-masing                                                                                     Others (individually
    kurang dari Rp2.000.000)               24.334.205           22.036.094          18.412.187               each below Rp2,000,000)

  Total                                   946.326.561          836.073.334         767.982.550                                      Total




                                                               133
Page 449
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                          STATEMENTS
           Tanggal 31 Desember 2024                                                As of December 31, 2024
          dan untuk tahun yang berakhir                                            and for year then ended
              pada tanggal tersebut                                           (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                           unless otherwise stated)
             kecuali dinyatakan lain)


30. BEBAN/PENDAPATAN (lanjutan)                                     30. EXPENSES/INCOME (continued)
   Beban/pendapatan untuk tahun yang berakhir pada                         Expenses/income      for the years  ended
   tanggal 31 Desember 2024, 2023, dan 2022 adalah                         December 31, 2024, 2023, and 2022 were as
   sebagai berikut: (lanjutan)                                             follows: (continued)
                                     Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                               For the years ended December 31,

                                       2024                2023                   2022

   Pendapatan lain-lain, neto                                                                                       Other income, net
   Pembalikan/(penyisihan) atas                                                                               Reversal/(allowance) for
     penurunan                                                                                                           declining in
     nilai persediaan (Catatan 7)       65.408.808          (62.386.310)           (6.184.783)         value of inventories (Note 7)
   Penjualan cangkang, fiber,                                                                                  Sales of nutshell, fibre,
     dan bungkil                        54.782.817           59.272.897            48.931.402                      and palm oil cake
   Pembalikan/(penyisihan) atas                                                                                  Reversal/(Allowance)
     penurunan nilai                                                                                           for declining in value of
     piutang plasma (Catatan 15)         9.518.926          (37.274.799)                     -        plasma receivables (Note 15)
   Bunga obligasi (Catatan 23)                    -                    -          387.431.783              Interest of bonds (Note 23)
   Selisih timbang                      (1.197.494)            (440.796)           (4.456.642)                       Weight difference
   Penyisihan atas penurunan nilai                                                                        Allowance for impairment of
     piutang usaha - pihak ketiga                                                                   trade receivables - third parties
     (Catatan 5)                         (1.838.828)                  -                    -             trade receivables (Note 5)
   (Rugi)/laba selisih kurs, neto      (56.711.952)          18.922.360        (260.723.600)     Foreign exchange (losses)/gains, net
   Pendapatan lainnya, neto             57.060.918           67.117.398         115.459.143                          Other income, net

   Total                               127.023.195           45.210.750           280.457.303                                     Total




31. PENDAPATAN/BEBAN KEUANGAN                                       31. FINANCE INCOME/COSTS

   Pendapatan/beban keuangan untuk tahun yang                              Finance income/costs for the years ended
   berakhir pada tanggal 31 Desember 2024, 2023 dan                        December 31, 2024, 2023 and 2022 were as
   2022 adalah sebagai berikut:                                            follows:

                                                   Untuk tahun yang berakhir
                                                   pada tanggal 31 Desember/
                                               For the years ended December 31,
                                       2024                 2023                  2022

   Pendapatan keuangan                                                                                               Finance income
   Pendapatan bunga dari                                                                                         Interest income from
      pihak berelasi                    56.677.059                    -                     -                     related parties
   Amortisasi nilai wajar atas                                                                          Amortization from fair value of
      utang lain-lain (Catatan 17)               -            52.514.588                    -           Other payables (Note 17)
   Pendapatan bunga bank                51.933.605            35.408.909           17.534.407              Interest income from bank

  Total                                108.610.664           87.923.497            17.534.407                                     Total


  Beban keuangan                                                                                                      Finance costs
  Bunga pinjaman bank                  570.218.647          482.541.906           383.224.386                      Bank loan interest
  Biaya amortisasi nilai wajar                                                                          Amortization cost of fair value
     utang lain-lain (Catatan 17)       14.342.982           38.171.606                     -            other payables (Note 17)
  Bunga sewa pembiayaan                 13.522.176            5.911.041             1.154.275                  Finance lease interest
  Biaya administrasi bank                9.291.525            4.003.728             2.677.738             Administration fee for bank
  Biaya provisi bank                     3.804.981           16.184.892             6.722.763                  Provision fee for bank
  Bunga obligasi                                 -          115.645.571           206.988.664                           Bond interest
  Biaya provisi obligasi                         -           16.272.894            40.584.939                  Provision fee for bond
  Total                                611.180.311          678.731.638           641.352.765                                     Total




                                                            134
Page 450
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                               STATEMENTS
          Tanggal 31 Desember 2024                                                     As of December 31, 2024
         dan untuk tahun yang berakhir                                                 and for year then ended
             pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
            kecuali dinyatakan lain)


32. LABA PER SAHAM                                                       32. EARNINGS PER SHARE
   Laba per saham dihitung dengan membagi laba                                 Earnings per share is computed by dividing profit
   tahun berjalan yang dapat diatribusikan kepada                              for the year attributable to the owners of the parent
   pemilik entitas induk dengan rata-rata tertimbang                           entity by the weighted average number of shares
   jumlah saham biasa yang beredar pada tahun                                  outstanding during the year.
   bersangkutan.
   Rincian perhitungan laba per saham dasar adalah                             The details of earnings per share computation are
   sebagai berikut:                                                            as follows:

                                          Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                                    For the years ended December 31,

                                             2024               2023                  2022

   Laba tahun berjalan yang                                                                                              Profit for the year
     dapat diatribusikan kepada                                                                                attributable to the equity
     pemilik entitas induk                   819.533.675         512.255.637        1.837.375.468       holders of the parent company
   Rata-rata tertimbang jumlah saham biasa                                                          Weighted average number of ordinary
     Biasa untuk menentukan laba neto                                                                         shares for basic earnings
     per saham (lembar saham)              9.525.000.000       9.525.000.000        9.525.000.000        per share (number of shares)
   Laba tahun berjalan per saham                                                                                 Basic earnings per share
     dasar (angka penuh)                           86,04               53,78              192,90             for the year (full amounts)

33. SALDO DAN TRANSAKSI DENGAN PIHAK                                     33. RELATED   PARTIES                  BALANCES               AND
    BERELASI                                                                 TRANSACTIONS

   Dalam kegiatan usaha normal, Kelompok Usaha                                 In its regular conduct of business, the Group enters
   mengadakan transaksi penjualan, pembelian, dan                              into transactions with related parties involving sales,
   transaksi keuangan lainnya dengan pihak berelasi,                           purchases, and other financial transactions under
   yang dilakukan dengan syarat dan kondisi yang                               terms and conditions agreed by those parties.The
   disepakati oleh para pihak. Saldo dan transaksi                             significant balances and transactions with related
   yang signifikan dengan pihak-pihak berelasi adalah                          parties are as follows:
   sebagai berikut:
   a. Piutang usaha, lain-lain, aset tidak lancar                              a. Trade receivables, other receivables, other
      lainnya dan pinjaman kepada pihak berelasi                                  non-current asset and loan to related parties
                                       31 Desember 2024/   31 Desember 2023/    31 Desember 2022/
                                       December 31, 2024   December 31, 2023    December 31, 2022
       Piutang usaha - lancar                                                                                 Trade receivables - current
       - dalam Rupiah                                                                                                          - in Rupiah
       Pihak berelasi lainnya                                                                                        Other related parties
          PT Citra Borneo Indah              418.540.355         328.492.878          261.794.619                PT Citra Borneo Indah
          PT Citra Borneo Global Feeds        55.266.578                   -                    -        PT Citra Borneo Global Feeds
       Piutang usaha - lancar                                                                                  Trade receivables - current
       - dalam Dolar AS                                                                                                      - in US Dollar
       Pihak berelasi lainnya                                                                                        Other related parties
          Borneo Agri Resources                                                                                 Borneo Agri Resources
             International Pte. Ltd.           7.179.321         289.016.813          182.026.846              International Pte. Ltd.
       Total                                 480.986.254         617.509.691          443.821.465                                     Total




                                                                 135
Page 451
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                STATEMENTS
            Tanggal 31 Desember 2024                                                      As of December 31, 2024
           dan untuk tahun yang berakhir                                                  and for year then ended
               pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                                    33. RELATED   PARTIES      BALANCES                                     AND
    BERELASI (lanjutan)                                                     TRANSACTIONS (continued)
  a.    Piutang usaha, lain-lain, aset tidak lancar                               a. Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                                   non-current asset and loan to related parties
        (lanjutan)                                                                   (continued)
                                      31 Desember 2024/   31 Desember 2023/        31 Desember 2022/
                                      December 31, 2024   December 31, 2023        December 31, 2022

       Piutang lain-lain - lancar                                                                                         Other receivables - current
       - dalam Rupiah                                                                                                                     - in Rupiah
       Entitas yang memiliki pengaruh                                                                              Entity which has significant
          signifikan terhadap Kelompok Usaha                                                                              influence to the Group
          PT Citra Borneo Indah             418.919.074         205.979.615              172.961.333                      PT Citra Borneo Indah


         Entitas sepengendali                                                                                        Entities under common control
           PT Surya Borneo Industri          78.474.923          48.325.243               28.792.747                  PT Surya Borneo Industri

         Pihak berelasi lainnya                                                                                               Other related parties
            PT Sepalar Yasa Kartika          35.429.796          21.593.587                3.745.744                    PT Sepalar Yasa Kartika
            PT Borneo Sawit Gemilang         30.062.652          18.908.348                2.295.972                 PT Borneo Sawit Gemilang
            PT Natai Sawit Perkasa            3.840.078           3.817.310                3.513.475                     PT Natai Sawit Perkasa
            PT Sulung Ranch                   3.418.676             588.960                7.380.992                          PT Sulung Ranch
            PT Pesona Citra Propertindo       2.528.156             330.531                  219.044                PT Pesona Citra Propertindo
            PT BPR Lingga Sejahtera           1.070.816           1.717.151                        -                  PT BPR Lingga Sejahtera
            PT Citra Borneo Energi              100.000                   -                        -                     PT Citra Borneo Energi
            PT Mandiri Indah Lestari              5.524                   -                        -                    PT Mandiri Indah Lestari
            PT Pelayaran Lingga Marintama            36               9.121                   30.989             PT Pelayaran Lingga Marintama
         Total                              573.849.731         283.923.652              251.958.578                                           Total


         Uang muka                                                                                                                     Advances
         Pihak berelasi                                                                                                           Related parties
          PT Borneo Sawit Gemilang           28.303.530                       -                        -              PT Borneo Sawit Gemilang
          PT Surya Borneo Industri                    -          68.871.190               15.222.059                   PT Surya Borneo Industri

         Total                               28.303.530          68.871.190               15.222.059                                           Total

         Pinjaman kepada                                                                                                      Loan to related parties
            pihak berelasi - lancar                                                                                                       - current
         - dalam Rupiah                                                                                                                   - in Rupiah
         Entitas yang memiliki pengaruh
            signifikan terhadap                                                                                          Entity which has significant
            Kelompok Usaha                                                                                                influence to the Group
            PT Citra Borneo Indah            51.190.924         294.626.789                        -                       PT Citra Borneo Indah

         Entitas sepengendali                                                                                        Entities under common control
           PT Surya Borneo Industri                   -         180.996.773              285.451.862                    PT Surya Borneo Industri

         Total                               51.190.924         475.623.562              285.451.862                                           Total

         Aset tidak lancar lainnya                                                                                        Other non-current assets
         Deposit sewa Gedung (Catatan 16)                                                                        Building rental deposits (Note 16)
            PT Pesona Citra Propertindo       7.577.280           7.577.280                7.577.280               PT Pesona Citra Propertindo
         Uang muka sewa gedung kantor                                                                        Advances for rental of office building
         - dalam Rupiah (Catatan 16)                                                                                          - in Rupiah (Note 16)
            PT Pesona Citra Propertindo               -                   -               40.982.771                  PT Pesona Citra Propertindo
         Uang muka pembelian aset tetap                                                                    Advances for purchasing of fixed assets -
            PT Pesona Citra Propertindo               -                   -                1.625.000               PT Pesona Citra Propertindo

         Total                                7.577.280           7.577.280               50.185.051                                           Total



         Pinjaman - tidak-lancar - dalam Rupiah                                                                     Loans - non-current - in Rupiah
         Entitas yang memiliki pengaruh                                                                                Entity which has significant
            signifikan terhadap Kelompok Usaha                                                                                  influence to Group
            PT Citra Borneo Indah                     -         219.473.951              160.319.303                        PT Citra Borneo Indah




                                                                136
Page 452
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                STATEMENTS
            Tanggal 31 Desember 2024                                                      As of December 31, 2024
           dan untuk tahun yang berakhir                                                  and for year then ended
               pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                                        33. RELATED   PARTIES      BALANCES                          AND
    BERELASI (lanjutan)                                                         TRANSACTIONS (continued)
  a.    Piutang usaha, lain-lain, aset tidak lancar                               a.   Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                                     non-current asset and loan to related parties
        (lanjutan)                                                                     (continued)

                                      31 Desember 2024/      31 Desember 2023/     31 Desember 2022/
                                      December 31, 2024      December 31, 2023     December 31, 2022


         Jumlah piutang usaha, lain-lain,                                                                Trade receivables, other receivables,
           pinjaman, uang muka                                                                                            loan to, advance
            dan aset tidak lancar                                                                                    and other non-current
           lainnya - pihak berelasi`         1.141.817.719       1.672.979.325          1.206.958.318               assets - related parties
         Jumlah aset                        11.764.842.337      11.810.444.633         11.136.909.800                           Total assets

         Sebagai persentase
           terhadap jumlah aset                     9,70%                14,16%               10,84%            As percentage to total assets



        Piutang lain-lain - pihak berelasi merupakan jasa                              Other receivables - related parties represents
        asistensi dan pemberian material, piutang bunga                                material and assistance services, interest
        dan pinjaman modal kerja tanpa bunga yang                                      receivable and working capital loans provided
        diberikan oleh Kelompok Usaha kepada pihak-                                    by the Group to its related parties.
        pihak berelasi.

        Pinjaman Perseroan kepada CBI                                                  The Company’s Loan to CBI

        Pada tanggal 15 April 2019, Perseroan, CBI,                                    On April 15, 2019, the Company, CBI, and
        dan CBUT melakukan perjanjian surat utang                                      CBUT, entered into a convertible loan
        yang dapat dikonversi, dimana pinjaman dan                                     agreement, whereby it allows the Company
        piutang Perseroan akan dikonversi dengan                                       loan and receivables which will be converted to
        Saham CBUT yang saat ini dimiliki oleh CBI.                                    share ownership of CBUT which is currently
                                                                                       owned by CBI.
         Perseroan memiliki hak namun tidak                                            The Company has the right but is not obliged to
         berkewajiban untuk meminta CBI untuk                                          request CBI to settle the amount owed to the
         melakukan pembayaran jumlah terutang                                          Company by exchanging debt securities into
         secara penuh kepada Perseroan dengan                                          CBUT shares owned by CBI. This exchange is
         menukarkan surat utang menjadi saham CBUT                                     effective after the following effective terms of the
         milik CBI. Pertukaran tersebut berlaku efektif                                agreement:
         setelah syarat syarat efektif perjanjian sebagai
         berikut:
         1.   Seluruh persetujuan dari Rapat umum                                       1. Approval from Shareholders General
              pemegang saham dan atau Dewan                                                Meetings and or Commisioners of the
              Komisaris dari Perseroan dan CBI.                                            Company and CBI.
         2.   Persetujuan dari BNI.                                                     2. Approval from BNI.
         3.   Pendapat kewajaran atas transaksi.                                        3. Fairness opinion on the transactions.
         4.   Pendapat kewajaran atas indenture.                                        4. Fairness opinion on the indentures.




                                                                   137
Page 453
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                   STATEMENTS
            Tanggal 31 Desember 2024                                         As of December 31, 2024
           dan untuk tahun yang berakhir                                     and for year then ended
               pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                              33. RELATED  PARTIES      BALANCES                      AND
  BERELASI (lanjutan)                                                TRANSACTIONS (continued)
  a.    Piutang usaha, lain-lain, aset tidak lancar                  a. Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                      non-current asset and loan to related parties
        (lanjutan)                                                      (continued)

        Pinjaman Perseroan kepada CBI (lanjutan)                          The Company’s Loan to CBI (continued)
         Berdasarkan Perjanjian Akta Notaris No. 74                        Based on the Notarial Deed No. 74 Notary of
         Notaris Dr. Tintin Surtini, S.H., MH., Mkn. pada                  Dr. Tintin Surtini, S.H., MH., MKn. Dated
         tanggal 29 Desember 2020, Perseroan                               December 29, 2020, the Company acquired
         mengakuisisi 13% saham CBUT, dengan total                         13% share ownership in CBUT with acquisition
         harga akuisisi sebesar Rp600.000.000.                             price of Rp600,000,000. The Company
         Perseroan mengakuisisi saham CBUT melalui                         acquired shares ownership in CBUT through
         mekanisme konversi pinjaman CBI dengan                            conversion     of CBI’s loan to the Company
         saham CBI pada pada CBUT. CBUT bergerak                           become the Company’s share ownership in
         di bidang pengolahan minyak kelapa sawit.                         CBUT. CBUT are engaged in processing of
         Nilai akuisisi saham didasarkan pada nilai wajar                  palm oil. The acquisition value was based on
         yang dihitung dalam Laporan Jasa Penilai                          the fair value as calculated in the Report of
         Publik.                                                           Public Valuer.
         Pinjaman tersebut dikenai bunga sebesar                           The loans are subject to interest at the rate of
         9,25% (2023 dan 2022: 9,25%) dan                                  9.25% (2023 and 2022: 9.25%) per annum and
         disesuaikan dengan suku bunga pasar sampai                        has been adjusted based on market rate up
         dengan tanggal efektif.                                           until the effective date.
         Berdasarkan Surat Penukaran Utang CBI                             Based on CBI's Debt Exchange Letter to the
         kepada Perseroan tertanggal 15 Maret 2023,                        Company dated March 15, 2023, CBI has
         CBI telah mengkonfirmasi bahwa penyelesaian                       confirmed that the settlement of CBI’s loan and
         pinjaman dan piutang CBI kepada Perseroan                         receivables to the Company will be carried out
         akan dilakukan dengan cara menukarkan                             by exchanging it with CBU shares owned by
         dengan saham CBU yang dimiliki oleh CBI dan                       CBI and will be carried out in 2023.
         akan dilakukan di tahun 2023.

        Dibawah ini adalah beberapa syarat penukaran                      Below are the requirement for the share
        saham:                                                            exchange:
         a.   Keputusan Rapat Umum Pemegang                                a.   The decision of the Shareholders General
              Saham Perseroan menyetujui antara lain i)                         Meetings of the Company agreed to i) the
              pengalihan    saham      penukaran    ii)                         shares diversion ii) waive the right of issuer
              pengesampingan hak penerbit dan hak                               and the right of other shareholders to be
              para pemegang saham Perseroan lainnya                             offered in advance
              untuk ditawarkan lebih dahulu
         b.   Keputusan    Dewan    Komisaris  dan                         b.   Decision from board of commisioners and
              Keputusan Rapat Umum Pemegang                                     Resolution of Shareholders General
              Saham     Penerbit  yang   menyetujui                             Meetings which agreed to diversify the
              pengalihan saham penukaran                                        convertible shares
         c.   Penilaian Saham Penukaran                                    c.   Valuation of convertible shares
         d.   Pendapat kewajaran                                           d.   Fairness opinion
         e.   Mendapatkan semua persetujuan yang                           e.   Obtain all approval and licensing
              diperlukan dan perijinan
        Pada tanggal 19 Desember 2023, Perseroan                          On December 19, 2023, the Company has
        telah melakukan konversi atas pinjaman                            converted its loan to CBI amounted to
        sebesar Rp3.451.309.583 menjadi kepemilikan                       Rp3,451,309,583 become share ownership in
        saham pada CBUT.                                                  CBUT.



                                                            138
Page 454
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                    STATEMENTS
         Tanggal 31 Desember 2024                                          As of December 31, 2024
        dan untuk tahun yang berakhir                                      and for year then ended
            pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
           kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                            33. RELATED  PARTIES      BALANCES                      AND
  BERELASI (lanjutan)                                              TRANSACTIONS (continued)
   a.   Piutang usaha, lain-lain, aset tidak lancar                a.   Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                      non-current asset and loan to related
        (lanjutan)                                                      parties (continued)

        Pinjaman Perseroan kepada CBI (lanjutan)                        The Company’s Loan to CBI (continued)
        Pada tanggal 31 Desember 2024, 2023, dan                        As of December 31, 2024, 2023, dan 2022, the
        2022, saldo pinjaman Perseroan adalah                           outstanding balance of the Company’s loan
        sebesar   RpNihil,  Rp219.473.951,   dan                        was amounting to RpNil, Rp219,473,951, and
        Rp160.319.303.                                                  Rp160,319,303, respectively.

        Pinjaman CBUT kepada CBI                                        CBUT’s Loan to CBI

        Berdasarkan    Perjanjian Pinjaman tanggal                      Based on a Loan Agreement dated January 2,
        2 Januari 2023 yang kemudian diubah                             2023, which was then amended by Loan
        dengan Perubahan Perjanjian Pinjaman                            Agreement Amendment dated December 23,
        tanggal 23 Desember 2023, CBUT memberikan                       2023, CBUT provided loan to PT Citra Borneo
        pinjaman kepada PT Citra Borneo Indah,                          Indah, a shareholder of the Company, with a
        pemegang saham Perseroan, dengan batas                          maximum loan limit of Rp400,000,000 for
        maksimum pinjaman sebesar Rp400.000.000                         operational activities purposes. This loan bears
        untuk tujuan kegiatan operasional. Pinjaman                     interest at the rate 9.5% per annum with term of
        tersebut dikenakan bunga sebesar 9,5% per                       credit of 1 (one) year and can be extended.
        tahun dengan jangka waktu selama 1 (satu)
        tahun dan dapat diperpanjang.

        Pinjaman CBUT kepada SBI                                        CBUT’s Loan to SBI

        Berdasarkan Perjanjian Pinjaman tanggal                         Based on a Loan Agreement dated October 3,
        3 Oktober 2022 yang kemudian diubah dengan                      2022 which was then amended by Loan
        Perubahan Perjanjian Pinjaman tanggal                           Agreement Amendment dated September 22,
        22 September      2023, CBUT memberikan                         2023, CBUT provided loan to SBI, a related
        pinjaman kepada SBI, pihak berelasi, dengan                     party, with a maximum loan limit of
        batas     maksimum      pinjaman     sebesar                    Rp200,000,000 for operational activities
        Rp200.000.000     untuk    tujuan   kegiatan                    purposes. This loan bears interest rate at 9.5%
        operasional. Pinjaman tersebut dikenakan                        per annum with term of credit of 1 (one) year
        bunga sebesar 9,5% per tahun dengan                             and can be extended.
        jangka waktu selama 1 (satu) tahun dan dapat
        diperpanjang.

        Pada tanggal 31 Desember 2024, 2023, dan                         As of December 31, 2024, 2023, and 2022, the
        2022 Manajemen Kelompok Usaha meyakini                           Group’s management believes that the entire
        bahwa pinjaman kepada CBI dan SBI dapat                          loan to CBI and SBI are collectible and there is
        tertagih seluruhnya dan tidak ada penurunan                      no impairment in value on that loan.
        nilai atas saldo pinjaman tersebut.

        Saldo piutang lain-lain dan pinjaman pada akhir                  Outstanding balances of other receivables and
        tahun tidak memiliki jaminan.                                    loan at the end of year are unsecured.

        Untuk tahun yang berakhir pada tanggal                           For the years ended December 31, 2024,
        31 Desember 2024, 2023, dan 2022, tidak                          2023, and 2022, there is no impairment of other
        terdapat penurunan nilai piutang lain-lain dan                   receivables and loan - related parties. This
        pinjaman - pihak berelasi. Penilaian ini                         assessment is undertaken at the end of the
        dilakukan setiap akhir periode pelaporan                         reporting periods through examining the
        dengan memeriksa posisi keuangan pihak                           financial position of these related parties and
        berelasi dan pasar dimana pihak berelasi                         the market in which the related parties operate.
        beroperasi.


                                                          139
Page 455
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                               STATEMENTS
            Tanggal 31 Desember 2024                                     As of December 31, 2024
           dan untuk tahun yang berakhir                                 and for year then ended
               pada tanggal tersebut                                (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI             DENGAN      PIHAK         33. RELATED   PARTIES      BALANCES                     AND
    BERELASI (lanjutan)                                           TRANSACTIONS (continued)

  a.    Piutang usaha, lain-lain, aset tidak lancar              a.   Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                    non-current asset and loan to related parties
        (lanjutan)                                                    (continued)

         Uang muka sewa gedung kantor                                  Advances for rental of office building

        Pada tanggal 30 September 2021, Kelompok                       On September 30, 2021, the Group has signed
        usaha     menandatangani     perjanjian sewa                   an agreement on rental of office building for
        menyewa gedung kantor untuk keperluan                          operational purposes with PT Pesona Citra
        operasional kantor dengan PT Pesona Citra                      Propertindo. In 2022, the Group should paid
        Propertindo. Pada tahun 2022, Kelompok usaha                   the advances of rental of office building
        diminta untuk membayar uang muka sewa                          amounting Rp52,877,287. The Group started
        gedung sebesar Rp52.877.287. Kelompok usaha                    to use the office building on February 2023 and
        mulai menggunakan gedung kantor tersebut                       the rental period will ended on February 2026.
        pada Februari 2023 dan masa sewa akan
        berakhir pada Februari 2026.

        Biaya penelitian dan pemeliharaan kepada CBI                   Research and maintenance expense with CBI

        Pada      tahun    2022,     Kelompok        usaha             In 2022, the Group has signed an agreement
        menandatangani         perjanjian       kerjasama              on research and maintenance services at
        penggunaan jasa analis di Laboratorium Sulung                  Sulung Research Station with PT Citra Borneo
        Research Station dengan PT Citra Borneo Indah.                 Indah. The services period will ended on
        Perjanjian tersebut berakhir pada tanggal                      December 31, 2022. For the services, the
        31 Desember 2022. Atas jasa tersebut, Kelompok                 Group should paid the fees amounted to
        usaha diwajibkan untuk membayar sebesar                        Rp124,606,283 per annum. On January 24,
        Rp124.606.283 per tahun. Pada tanggal                          2023, the agreement has been extended until
        24 Januari 2023, perjanjian tersebut telah                     December 31, 2023. On January 2023, the
        diperpanjang      sampai      dengan       tanggal             Group submitted a letter requesting the
        31 Desember 2023. Pada bulan Januari 2023,                     suspension of the implementation of research
        Kelompok       usaha     menyampaikan         surat            services so that until December 31, 2023 there
        permohonan penangguhan pelaksanaan jasa                        were no research services provided by CBI.
        penelitian sehingga sampai dengan 31 Desember
        2023 tidak terdapat jasa penelitian yang diberikan
        oleh CBI.

        Jasa manajemen dengan CBI                                      Management fee with CBI

        Berdasarkan      Perjanjian   Kerjasama   Jasa                 Based on a Cooperation Agreement of
        Manajemen tanggal 2 Januari 2023 dengan                        Management Services dated January 2, 2023,
        PT Citra      Borneo Indah, pemegang saham                     entered into with PT Citra Borneo Indah, a
        Perusahaan, Perusahaan menunjuk PT Citra                       shareholder of the Company, the Company
        Borneo Indah, pemegang saham Perusahaan,                       assigned PT Citra Borneo Indah, a shareholder
        untuk melaksanakan jasa manajemen berupa jasa                  of the Company, to provide management
        akuntansi dan pajak, penganggaran, informasi                   services in the form of accounting and tax,
        teknologi, internal audit, sumber daya manusia,                budgeting, information and technology, internal
        perizinan, hukum, keberlangsungan usaha, dan                   audit, human resource, permit, legal,
        riset dan pengembangan. Perusahaan diwajibkan                  sustainability and research and development
        untukmembayar       jasa     manajemen sebesar                 services. The Company is required to pay
        Rp19.200 per tahun. Perjanjian tersebut berlaku                management fee amounting to Rp19,200 per
        selama 1 (satu) tahun sejak ditandatanganinya                  year. The term of agreement is valid for 1
        perjanjian.                                                    (one) year since the date of this agreement
                                                                       signed.




                                                        140
Page 456
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                 STATEMENTS
         Tanggal 31 Desember 2024                                                       As of December 31, 2024
        dan untuk tahun yang berakhir                                                   and for year then ended
            pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
           kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI                   DENGAN          PIHAK           33. RELATED   PARTIES      BALANCES                            AND
    BERELASI (lanjutan)                                                       TRANSACTIONS (continued)

   b.   Utang - pihak berelasi                                                  b.   Accounts payable - related parties

                                     31 Desember 2024/     31 Desember 2023/     31 Desember 2022/
                                     December 31, 2024     December 31, 2023     December 31, 2022

        Utang usaha - jangka pendek                                                                                Trade payables - current
        Entitas yang memiliki pengaruh                                                                         Entity which has significant
           signifikan terhadap Kelompok Usaha                                                                    influence to the Group
           PT Citra Borneo Indah           28.163.473              23.300.912           24.979.678               PT Citra Borneo Indah
        Pihak berelasi lainnya                                                                                        Other related parties
           PT Sepalar Yasa Kartika         34.298.725              24.723.290           18.456.725             PT Sepalar Yasa Kartika
           PT Natai Sawit Perkasa          28.228.149               8.943.828            9.304.623              PT Natai Sawit Perkasa
           PT Borneo Sawit Gemilang        16.151.014              15.694.200           13.355.209          PT Borneo Sawit Gemilang
           PT Pelayaran Lingga Marintama    5.012.147               9.831.498           10.932.613      PT Pelayaran Lingga Marintama
           PT Surya Borneo Industri         2.038.510               1.977.635            6.806.978            PT Surya Borneo Industri
           PT Pelayaran Senggora               15.510                  15.510               15.510             PT Pelayaran Senggora
           PT Pesona Citra Propertindo              -                       -                    -         PT Pesona Citra Propertindo

        Total utang usaha
          - pihak berelasi                 113.907.528             84.486.873           83.851.336    Total trade payables - related parties

        Utang lain-lain - jangka pendek                                                                            Other payables - current

        Entitas yang memiliki pengaruh                                                                          Entity which has significant
          signifikan terhadap Kelompok Usaha                                                                      influence to the Group
          PT Citra Borneo Indah            7.261.109                3.844.569              24.659                PT Citra Borneo Indah
        Entitas sepengendali                                                                                 Entities under common control
           PT Sulung Ranch                  12.399.511              7.953.861            2.462.201                   PT Sulung Ranch
           PT Pesona Citra Propertindo       9.538.981             15.804.910            4.217.839         PT Pesona Citra Propertindo
           PT Sepalar Yasa Kartika           7.069.975                 94.294                    -             PT Sepalar Yasa Kartika
           PT Surya Borneo Industri          3.097.834              5.240.089            2.761.040            PT Surya Borneo Industri
           PT Pelayaran Lingga Marintama     3.088.957                843.814            1.073.234      PT Pelayaran Lingga Marintama
           PT Natai Sawit Perkasa            1.018.685                248.935                4.365              PT Natai Sawit Perkasa
           PT Borneo Sawit Gemilang            962.090                133.572                    -          PT Borneo Sawit Gemilang
           PT Putra Borneo Agro Lestari         64.545                 64.546               64.546        PT Putra Borneo Agro Lestari
           PT Pelayaran Senggora                     -              3.316.025            2.822.254             PT Pelayaran Senggora

        Total utang lain-lain
          - pihak berelasi                  44.501.687             37.544.615           13.430.138   Total other payables - related parties

        Liabilitas kontrak                                                                                               Contract Liabilities
           Borneo Agri Resources                                                                                 Borneo Agri Resources
               International Pte. Ltd.      88.891.000                      -                    -             International Pte. Ltd.
           PT Citra Borneo Indah             6.000.000                      -                    -                PT Citra Borneo Indah
           PT Bank Perkreditan Rakyat                                                                       PT Bank Perkreditan Rakyat
               Lingga Sejahtera              1.000.000              2.000.000                    -                  Lingga Sejahtera

                                            95.891.000              2.000.000                    -

        Total                              254.300.215            124.031.488           97.281.474                                      Total


        Total liabilitas                  8.873.484.995        9.820.482.573         9.092.405.909                          Total liabilities

        Sebagai persentase terhadap
          total liabilitas                       2,86%                  1,26%               1,07%           As percentage to total liabilities




                                                                  141
Page 457
                                                                              The original consolidated financial statements included herein
                                                                                                            are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                 STATEMENTS
            Tanggal 31 Desember 2024                                                       As of December 31, 2024
           dan untuk tahun yang berakhir                                                   and for year then ended
               pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                                         33. RELATED   PARTIES      BALANCES                         AND
    BERELASI (lanjutan)                                                          TRANSACTIONS (continued)

   b.     Utang - pihak berelasi (lanjutan)                                        b. Accounts payable             -    related       parties
                                                                                      (continued)

          Utang lain-lain - pihak berelasi terutama                                     Other payables - related parties mainly
          merupakan dana talangan dan utang atas jasa                                   represent non-interest bearing advances and
          yang diberikan tanpa bunga yang diterima oleh                                 payable from services rendered obtained by the
          Kelompok Usaha dari pihak-pihak berelasi.                                     Group from these related parties.

          Saldo utang lain-lain - pihak berelasi pada akhir                             Outstanding balances of other payables -
          tahun tidak memiliki jaminan.                                                 related parties at year-end are unsecured.

  c.     Penjualan, pembelian, pendapatan,                    dan                  c.   Sales, purchase, income, and operating
         beban usaha dari pihak berelasi                                                expense from related parties
                                                           Untuk tahun yang berakhir
                                                          pada Tanggal 31 Desember/
                                                       For the years ended December 31,
                                              2024                  2023                   2022

        Pendapatan dari kontrak                                                                                     Revenue from contract
         dengan pelanggan                                                                                                 with customers
        Entitas yang memiliki pengaruh signifikan                                                                 Entity which has significant
          terhadap Kelompok Usaha                                                                                   influence to the Group
          PT Citra Borneo Indah                154.851.260          103.627.341           228.084.300             PT Citra Borneo Indah

        Pihak berelasi lainnya                                                                                 Entities under common control
           Borneo Agri - Resources                                                                                    Borneo Agri - Recources
             International Pte. Ltd.         6.305.994.337        4.408.072.992          3.317.828.119               International Pte. Ltd.

                                             6.460.845.597        4.511.700.333          3.545.912.419

        Total pendapatan dari                                                                                 Total revenue from contracts
              kontrak dengan pelanggan                                                                                  with customers
              (Catatan 28)             10.521.650.695            10.703.411.845         11.240.219.016                         (Note 28)

        Sebagai persentase terhadap                                                                                        As percentage to
          jumlah pendapatan dari kontrak                                                                     total revenue from contract
          dengan pelanggan                         61,41%                 42,15%               31,55%                    with customers


        Penjualan Non Komoditas                                                                                      Sales Non-Commodity
        Pihak berelasi lainnya                                                                                    Entity which has significant
         PT Surya Borneo Industri              21.067.905            21.361.296            13.653.516             PT Surya Borneo Indah

        Total pendapatan lain-lain
              (Catatan 30)                    127.023.184            45.210.750           280.457.303          Total other income (Note 30)


        Sebagai persentase terhadap                                                                                        As percentage to
          dengan pelanggan                         16,59%                 47,25%                  4,87%                  with customers


        Pendapatan sewa                                                                                                        Rental income
        Pihak berelasi lainnya                                                                                 Entities under common control
           PT Bank Perkreditan Rakyat                                                                          PT Bank Perkreditan Rakyat
             Lingga Sejahtera.                  2.520.000             5.040.000              1.254.000                   Lingga Sejahtera.

        Total pendapatan lain-lain
              (Catatan 30)                    127.023.184            45.210.750           280.457.303          Total other income (Note 30)


        Sebagai persentase terhadap                                                                                        As percentage to
          total pendapatan lain-lain, neto           1,98%                11,15%                  0,45%          total other income, net




                                                                    142
Page 458
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                               STATEMENTS
            Tanggal 31 Desember 2024                                                     As of December 31, 2024
           dan untuk tahun yang berakhir                                                 and for year then ended
               pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                                       33. RELATED   PARTIES      BALANCES                         AND
    BERELASI (lanjutan)                                                        TRANSACTIONS (continued)

  c.    Penjualan, pembelian, pendapatan, dan                                    c.   Sales, purchase, income, and operating
        beban usaha dari pihak berelasi (lanjutan)                                    expense from related parties (continued)
                                         Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                                   For the years ended December 31,

                                              2024              2023                    2022

        Pendapatan keuangan                                                                                               Finance income
        Entitas yang memiliki pengaruh
          signifikan terhadap                                                                                   Entity which has significant
          Kelompok Usaha                                                                                          influence to the Group
        PT Citra Borneo Indah                 38.069.006                     -                     -               PT Citra Borneo Indah

        Pihak berelasi lainnya                                                                                        Other related parties
        PT Surya Borneo Industri              18.608.053                     -                     -              PT Surya Borneo Industri
        PT Bank Perkreditan Rakyat                                                                             PT Bank Perkreditan Rakyat
            Lingga Sejahtera                  48.223.179          18.498.814             1.371.027                   Lingga Sejahtera

                                             104.900.238          18.498.814             1.371.027

       Total pendapatan keuangan
             (Catatan 31)                    108.610.664          87.923.497            17.534.407         Total finance income (Note 31)



       Sebagai persentase terhadap                                                                                       As percentage to
         total pendapatan lain-lain, neto         96,58%               21,04%                  7,81%               total other income, net


       Pembelian Komoditas                                                                                          Purchase Commodity
       Entitas yang memiliki pengaruh                                                                           Entity which has significant
         signifikan terhadap Kelompok Usaha                                                                       influence to the Group
         PT Citra Borneo Indah             442.867.399           516.709.532            22.105.125              PT Citra Borneo Indah

       Pihak berelasi lainnya                                                                                Entities under common control
          PT Sepalar Yasa Kartika            136.715.202         114.046.748            88.583.116            PT Sepalar Yasa Kartika
          PT Borneo Sawit Gemilang            72.646.666          81.419.725            59.563.685          PT Borneo Sawit Gemilang
          PT Natai Sawit Perkasa              53.307.836          53.344.350            61.164.598             PT Natai Sawit Perkasa

                                             705.537.103         765.520.355           231.416.524

       Total beban pokok penjualan                                                                                     Total cost of sales
             (Catatan 29)                   7.242.040.109      7.904.355.885          6.935.789.797                          (Note 29)

       Sebagai persentase terhadap                                                                                       As percentage to
         jumlah beban pokok                                                                                                  total cost
         penjualan                                   9,74%              9,68%                  3,34%                           of sales


       Pembelian Non Komoditas                                                                                 Purchase Non-commodity
       Pihak berelasi lainnya                                                                                Entities under common control
          PT Sepalar Yasa Kartika                206.573               332.005                     -          PT Sepalar Yasa Kartika
          PT Borneo Sawit Gemilang               179.906                42.555                     -        PT Borneo Sawit Gemilang

                                                 386.478               374.561                     -




                                                                143
Page 459
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                               STATEMENTS
            Tanggal 31 Desember 2024                                                     As of December 31, 2024
           dan untuk tahun yang berakhir                                                 and for year then ended
               pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                                       33. RELATED   PARTIES      BALANCES                          AND
    BERELASI (lanjutan)                                                        TRANSACTIONS (continued)

  c.    Penjualan,       pembelian, pendapatan                                   c.   Sales, purchase, finance income and
        keuangan dan beban usaha dari pihak                                           operating expense from related parties
        berelasi (lanjutan)                                                           (continued)
                                         Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                                   For the years ended December 31,

                                            2024                2023                    2022

       Beban transportasi                                                                                          Transportation expense
         Pihak berelasi lainnya                                                                              Entities under common control
         PT Pelayaran Lingga Marintama       1.200.329             5.269.989            12.979.759       PT Pelayaran Lingga Marintama
         PT Pelayaran Senggora               3.412.324            14.761.139             8.125.911                  PT Pelayaran Senggora

                                             4.612.653            20.031.128            21.105.670

       Total beban pokok penjualan                                                                                      Total cost of sales
             (Catatan 29)                 7.242.040.109        7.904.355.885          6.935.789.797                           (Note 29)

       Sebagai persentase terhadap                                                                                       As percentage to
         total beban penjualan                     0,06%                0,25%                  0,30%              total selling expense

        Biaya penelitian dan pemeliharaan                                                              Research and maintenance expense
        Entitas yang memiliki pengaruh
          signifikan terhadap                                                                                    Entity which has significant
          Kelompok Usaha                                                                                           influence to the Group
        PT Citra Borneo Indah             72.434.250              24.628.718           112.418.483                    PT Citra Borneo Indah

        Total beban umum dan                                                                              Total general and administrative
          administrasi (Catatan 30)        946.326.561           836.073.334           767.982.550                  expenses (Note 30)

        Sebagai persentase terhadap
          Total beban umum                                                                                  As percentage to total general
          dan administrasi                         7,65%                2,95%               14,64%          and administrative expense

        Biaya Sewa                                                                                                       Rental Expense
        Pihak berelasi lainnya                                                                                        Other related parties
        PT Pesona Citra Propertindo          1.385.350                 613.848                     -           PT Pesona Citra Propertindo

        Total beban umum dan                                                                              Total general and administrative
          administrasi (Catatan 30)        946.326.561           836.073.334           767.982.550                  expenses (Note 30)

        Sebagai persentase terhadap
          total beban umum                                                                                  As percentage to total general
          dan administrasi                         0,15%                0,07%                  0,00%        and administrative expense

        Beban penanganan                                                                                               Handling expense
        Pihak berelasi lainnya                                                                                        Other related parties
        PT Surya Borneo Industri               678.851           157.589.937               934.450                PT Surya Borneo Industri

         Total beban pokok penjualan                                                                                    Total cost of sales
            (Catatan 29)                  7.242.040.109        7.904.355.885          6.935.789.797                           (Note 29)

       Sebagai persentase terhadap                                                                                       As percentage to
         jumlah beban pokok                                                                                                  total cost
         penjualan                                 0,01%                1,99%                  0,01%                           of sales

        Jasa Manajemen                                                                                                  Managemeent Fee
        Entitas yang memiliki pengaruh
          signifikan terhadap                                                                                    Entity which has significant
          Kelompok Usaha                                                                                           influence to the Group
        PT Citra Borneo Indah                          -          19.200.000            19.200.000                    PT Citra Borneo Indah

        Total beban umum dan                                                                              Total general and administrative
          administrasi (Catatan 30)        946.326.561           836.073.334           767.982.550                     expenses (Note 30)

        Sebagai persentase terhadap
          total beban umum dan                                                                              As percentage to tota generall
          administrasi                             0,00%                2,30%                  2,50%        and administrative expense


                                                                144
Page 460
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                   STATEMENTS
            Tanggal 31 Desember 2024                                         As of December 31, 2024
           dan untuk tahun yang berakhir                                     and for year then ended
               pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                            33. RELATED   PARTIES      BALANCES                         AND
    BERELASI (lanjutan)                                             TRANSACTIONS (continued)
  d.    Rincian jenis transaksi dan sifat hubungan                   d.     Nature of transactions and relationships
        dengan pihak berelasi adalah sebagai                                with related parties, are as follows:
        berikut:

                     Sifat hubungan
                 dengan pihak berelasi/
                     Nature of related             Pihak berelasi/
          No.              parties                 Related parties                         Transaksi/Transactions
          1.     Entitas yang memiliki       PT Citra Borneo Indah              Penjualan komoditas, pinjaman, jasa research,
                 pengaruh       signifikan   (“CBI”)                            dan pendapatan keuangan/Sales of commodity,
                 terhadap      Kelompok                                         loan, research services, and finance income.
                 Usaha/Entity which has
                 significant influence to
                 the Group
                                             Bapak Abdul Rasyid AS              Sewa tanah/Land rental.

          2.     Pihak berelasi lainnya/     PT    Bank   Perkreditan           Kas dan setara kas, deposito berjangka, dan
                 Other related parties       Rakyat Lingga Sejahtera            sewa/Cash and cash equivalents, time deposits,
                                             (“BPRLS”)                          and rental
                                             Borneo Agri Resources             Penjualan komoditas/Sales of commodity
                                             Industries Pte Ltd (“BARI”)
                                             PT Borneo Sawit Gemilang          Penjualan TBS dan dana talangan/Sales of FFB
                                             (“BSG”)                           and payment on behalf of the related party

                                             PT Mandiri Indah Lestari          Penjamin/Corporate guarantor
                                             (“MIL”)
                                             PT Natai Sawit Perkasa            Penjualan barang non komoditas dan jasa
                                             (“NSP”)                           lainnya/Sales of non-commodity and other
                                                                               service

                                             PT    Pelayaran       Lingga       Penjualan barang non komoditas dan
                                             Marintama (“LM”)                   pengangkutan/Sales of non-commodity and
                                                                                freight

                                             PT Pelayaran Senggora              Penjualan barang non komoditas/Sales of non-
                                             (“PS”)                             commodity

                                             PT       Pesona        Citra       Pekerjaan konstruksi, uang jaminan, dan uang
                                             Propertindo (“PCP”)                muka sewa kantor/Construction work, security
                                                                                deposit, and advance for office rental

                                             PT Prima Sawit Borneo              Jaminan/Corporate guarantor
                                             (“PSB”)


                                             PT Sepalar Yasa Kartika            Penjualan    barang       komoditas/Sales     of
                                             (“SYK”)                            commodity


                                             PT Sulung Ranch (“SR”)             Penjualan barang non komoditas dan jasa lain-
                                                                                lain/Sales of non-commodity and other service

                                             PT Citra Borneo Global             Penjualan komoditas/Sales of commodity
                                             Feeds (“CBGF”)

                                             PT Citra Borneo Energi             Penjualan non     komoditas/Sales     of    non-
                                             (“CBE”)                            commodity




                                                       145
Page 461
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                STATEMENTS
           Tanggal 31 Desember 2024                                                      As of December 31, 2024
          dan untuk tahun yang berakhir                                                  and for year then ended
              pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
             kecuali dinyatakan lain)


34. NILAI WAJAR DARI INSTRUMEN KEUANGAN                                    34. FAIR VALUE OF FINANCIAL INSTRUMENTS

   Tabel berikut menyajikan nilai tercatat instrumen                             The following table presents the carrying value of
   keuangan konsolidasian yang dianggap mendekati                                consolidated financial instruments that are
   nilai wajarnya pada tanggal 31 Desember 2024,                                 considered close to their fair value at the date of
   2023, dan 2022:                                                               December 31, 2024, 2023, and 2022:

                                       31 Desember 2024/     31 Desember 2023/    31 Desember 2022/
                                       December 31, 2024     December 31, 2023    December 31, 2022

  Aset keuangan                                                                                                               Financial assets
  Pinjaman yang diberikan dan piutang                                                                                  Loans and receivables
     Kas dan setara kas                      1.180.282.037       1.237.290.419        1.806.836.518            Cash and cash equivalents
     Piutang usaha                                                                                                       Trade receivables
        Pihak berelasi                         480.986.254         617.509.691          443.821.465                       Related parties
        Pihak ketiga                            27.472.904          43.034.252          414.432.549                          Third parties
     Piutang lain-lain                                                                                                   Other receivables
        Pihak berelasi                         573.849.731         283.923.652          251.958.578                      Related parties
        Pihak ketiga                            17.532.166          15.806.332           23.110.194                          Third parties
     Pinjaman kepada pihak berelasi             51.190.924         475.623.562          285.451.862                  Loan to related parties
     Aset lancar lainnya                       643.767.663         888.190.872                    -                    Other current assets
     Piutang plasma                                                                                                     Plasma receivables
        setelah dikurangi dengan penyisihan                                                                  after net off with allowance
        penurunan nilai Rp27.755.873                                                                      for impairment Rp27,755,873
        (2023: Rp37.274.799                                                                                         (2023: Rp37,274,799
        2022: RpNihil)                         447.278.064         588.537.684          505.537.041                          2022: RpNil)
     Pinjaman jangka panjang kepada                                                                                   Long-term convertible
        pihak berelasi yang dapat dikonversi             -         219.473.951          160.319.303               loan to a related party

    Total                                   3.422.359.743        4.369.390.415        3.891.467.510                                     Total


    Liabilitas keuangan                                                                                                  Financial liabilities
       Utang dan pinjaman                                                                                          Loans and borrowings
       Utang usaha                                                                                                      Trade payables
           Pihak ketiga                      264.074.065           279.793.615          138.796.191                      Third parties
           Pihak berelasi                    113.907.528            84.486.873           83.851.336                    Related parties
       Beban akrual                          166.221.853            65.502.846          116.654.531                   Accrued expenses
       Utang lain-lain                                                                                                    Other payables
           Pihak ketiga                      393.020.643           702.837.196          837.371.397                       Third parties
           Pihak berelasi                     44.501.687            37.544.615           13.430.138                    Related parties
       Liabilitas imbalan kerja                                                                                     Short-term employee
           karyawan jangka pendek             159.070.367          147.986.415          169.022.031                   benefit liabilities
       Utang bank jangka pendek             2.195.100.881        2.437.341.526          973.981.690                 Short-term bank loan
       Utang bank jangka panjang
           jatuh tempo                                                                                     Current maturities of long-term
           dalam satu tahun                  989.173.991           897.754.076          856.786.228                          bank loan
       Utang bank jangka
           panjang setelah dikurangi
           bagian jatuh tempo                                                                                       Long-term bank loan -
           dalam satu tahun                 3.801.160.349        4.766.529.162        4.686.503.481                       net of maturities
       Utang obligasi                                   -                    -          633.067.305                        Bonds payable

    Total                                   8.126.231.364        9.419.776.324        8.509.466.483                                     Total



   Nilai wajar didefinisikan sebagai jumlah dimana                               Fair value is defined as the amount at which the
   instrumen tersebut dapat dipertukarkan di dalam                               instrument could be exchanged in a current
   transaksi kini antara pihak yang berkeinginan dan                             transaction between knowledgeable willing parties
   memiliki pengetahuan yang memadai melalui suatu                               in an arm's length transaction, other than in a forced
   transaksi yang wajar, selain di dalam penjualan                               or liquidation sale. Fair values are obtained from
   terpaksa atau penjualan likuidasi. Nilai wajar                                quoted market prices and discounted cash flow
   didapatkan dari kuotasi harga pasar dan model arus                            models.
   kas diskonto.




                                                                   146
Page 462
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                   STATEMENTS
             Tanggal 31 Desember 2024                                         As of December 31, 2024
            dan untuk tahun yang berakhir                                     and for year then ended
                pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
               kecuali dinyatakan lain)


34. NILAI WAJAR DARI INSTRUMEN KEUANGAN                            34. FAIR VALUE OF FINANCIAL INSTRUMENTS
    (lanjutan)                                                         (continued)
   Kelompok Usaha menggunakan hierarki berikut ini                    The Group uses the following hierarchy for
   untuk menentukan dan mengungkapkan nilai wajar                     determining and disclosing the fair value of financial
   instrumen keuangan:                                                instruments:
     Tingkat 1: Nilai wajar diukur berdasarkan                            Level 1: Fair values are measured based on
                   pada harga kuotasi (tidak                                         quoted prices (unadjusted) in active
                   disesuaikan) dalam pasar aktif                                    markets for identical assets or
                   untuk aset atau liabilitas sejenis.                               liabilities.
     Tingkat 2: Nilai wajar diukur berdasarkan                         Level 2:    Fair values are measured based on
                   teknik-teknik valuasi, yaitu untuk                                valuation techniques for which all
                   seluruh input yang diketahui baik                                 inputs which have a significant
                   secara langsung ataupun tidak                                     effect on the recorded fair values
                   langsung     memiliki      dampak                                 are observable, either directly or
                   signifikan atas nilai wajar                                       indirectly.
                   tercatat.
     Tingkat 3: Nilai wajar diukur berdasarkan                           Level 3:     Fair values are measured based on
                   teknik-teknik valuasi, yaitu untuk                                   valuation techniques for which any
                   seluruh input yang tidak dapat                                       inputs which have a significant
                   diketahui baik secara langsung                                       effect on the recorded fair value that
                   ataupun tidak langsung memiliki                                      are not based on observable
                   dampak signifikan atas nilai                                         market data (unobservable inputs).
                   wajar tercatat.
   Instrumen keuangan yang disajikan di dalam                          Financial instruments presented in the consolidated
   laporan posisi keuangan konsolidasian dicatat                       statements of financial position are carried at fair
   sebesar nilai wajar atau biaya perolehan                            value or amortized cost, otherwise, they are
   diamortisasi, jika tidak, disajikan dalam jumlah                    presented at carrying values as either these are
   tercatat apabila jumlah tersebut mendekati nilai                    reasonable approximation of fair values or their fair
   wajarnya atau nilai wajarnya tidak dapat diukur                     values cannot be reliably measured.
   secara andal.
   Berikut ini adalah metode dan asumsi yang                           The following are the methods and assumptions to
   digunakan dalam mengestimasi nilai wajar dari                       estimate the fair value of each class of the Group’s
   setiap golongan instrumen keuangan Kelompok                         financial instruments:
   Usaha:
   1.    Kas dan setara kas, piutang usaha - pihak                    1. Cash and cash equivalents, trade receivables -
         ketiga dan piutang lain-lain - pihak ketiga, dan                third parties, other receivables - third parties,
         pihak berelasi.                                                 and related parties.
          Untuk aset keuangan yang akan jatuh tempo                        For financial assets that are due within
          dalam waktu 12 bulan, nilai tercatat aset                        12 months, the carrying values of the financial
          keuangan     tersebut     dianggap     telah                     assets approximate their fair values.
          mencerminkan nilai wajar dari aset keuangan
          tersebut.
   2.    Utang usaha, utang lain-lain, dan beban akrual.               2. Trade payables, other payables, and accrued
                                                                           expenses.
   3.     Uang jaminan dicatat sebesar biaya historis                  3. Guarantee deposits are carried at historical cost
          karena nilai wajarnya tidak dapat diukur secara                 because their fair values cannot be reliably
          handal. Tidak praktis untuk mengestimasi nilai                  measured. It is not practical to estimate the fair
          wajar dari aset tersebut karena tidak ada                       values of such assets because there are no fixed
          jangka waktu pembayaran yang pasti walaupun                     repayment terms although these are not
          tidak diharapkan untuk diselesaikan dalam                       expected to be settled within 12 months after the
          jangka waktu 12 bulan setelah tanggal laporan                   statement of financial position date.
          posisi keuangan.
         Seluruh liabilitas keuangan di atas merupakan                     All of the above financial liabilities are due within
         liabilitas yang akan jatuh tempo dalam waktu 12                   12 months, thus, the carrying value of the
         bulan sehingga nilai tercatat liabilitas keuangan                 financial liabilities approximate their fair value.
         tersebut telah mencerminkan nilai wajar.
                                                             147
Page 463
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                     STATEMENTS
             Tanggal 31 Desember 2024                                           As of December 31, 2024
            dan untuk tahun yang berakhir                                       and for year then ended
                pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
               kecuali dinyatakan lain)


34. NILAI WAJAR DARI INSTRUMEN KEUANGAN                             34. FAIR VALUE OF FINANCIAL INSTRUMENTS
    (lanjutan)                                                          (continued)
   Berikut ini adalah metode dan asumsi yang                             The following are the methods and assumptions to
   digunakan dalam mengestimasi nilai wajar dari                         estimate the fair value of each class of the Group’s
   setiap golongan instrumen keuangan Kelompok                           financial instruments: (continued)
   Usaha: (lanjutan)

         Seluruh liabilitas keuangan di atas merupakan                       All of the above financial liabilities are due within
         liabilitas yang akan jatuh tempo dalam waktu 12                     12 months, thus, the carrying value of the
         bulan sehingga nilai tercatat liabilitas keuangan                   financial liabilities approximate their fair value.
         tersebut telah mencerminkan nilai wajar.

   4.    Pinjaman dari pihak berelasi, utang bank,                       4. Loan to related parties, bank loan, plasma
         piutang plasma, liabilitas sewa pembiayaan,                        receivable, finance lease liabilities, and bonds
         dan utang obligasi.                                                payable.

         Seluruh liabilitas keuangan di atas memiliki                        All of the above financial liabilities have floating
         suku bunga variabel yang disesuaikan dengan                         interest rates which are adjusted based on the
         pergerakan suku bunga pasar sehingga jumlah                         movements of the market interest rates, thus the
         terutang liabilitas keuangan tersebut telah                         payable amounts of this financial liability
         mendekati nilai wajar.                                              approximate its fair values.


35. TUJUAN DAN KEBIJAKAN                 MANAJEMEN                  35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    RISIKO KEUANGAN                                                     AND POLICIES

   Liabilitas keuangan Kelompok Usaha terdiri dari                      The Group’s financial liabilities comprise trade
   utang usaha, utang lain-lain, beban akrual, liabilitas               payables, other payables, accrued expenses, short-
   imbalan kerja karyawan jangka pendek, liabilitas                     term employee benefits liabilities, finance lease
   sewa pembiayaan, utang bank jangka panjang, dan                      liabilities, long-term bank loan, and bonds payable.
   utang obligasi. Tujuan utama dari liabilitas                         The main purpose of these financial liabilities is to
   keuangan adalah untuk meningkatkan keuangan                          raise financing for the Group’s operations. The
   operasi Kelompok Usaha. Kelompok Usaha                               Group has financial assets including cash and cash
   memiliki aset keuangan meliputi kas dan setara kas,                  equivalents, trade receivables, other receivables,
   piutang usaha, piutang lain-lain, pinjaman kepada                    loan to related parties, other non-current assets -
   pihak berelasi, aset tidak lancar lainnya - deposito                 restricted time deposits, security deposit, long-term
   yang dibatasi penggunaanya, uang jaminan,                            receivables to a related party, and plasma
   piutang jangka panjang kepada pihak berelasi, dan                    receivables.
   piutang plasma.

   Kelompok Usaha menghadapi risiko pasar, risiko                       The Group is exposed to market risk, interest rate
   tingkat suku bunga, risiko kredit dan risiko likuiditas.             risk, credit risk and liquidity risk. The Company's
   Manajemen Perseroan mengawasi manajemen                              Management oversees the management of these
   risiko dari risiko-risiko tersebut. Mengelola risiko ini             risks. Managing these risks is part of the Group’s
   merupakan bagian dari proses manajemen risiko                        risk management process. The Board of Directors
   Kelompok Usaha. Direksi menelaah dan menyetujui                      reviews and agrees the policies for managing each
   kebijakan untuk mengelola setiap risiko sebagai                      of these risks which are summarized below.
   berikut.

  Risiko pasar                                                           Market risk
  Risiko pasar merupakan risiko dimana nilai wajar                       Market risk is the risk that the fair value of future
  dari arus kas masa depan dari instrumen keuangan                       cash flows of a financial instrument will fluctuate
  akan berfluktuasi disebabkan oleh perubahan harga                      because of changes in market prices. Market
  pasar. Harga pasar terdiri dari dua jenis risiko: risiko               prices comprise two types of risk: foreign currency
  mata uang asing dan risiko harga komoditas.                            risk and commodity price risk. Financial
  Instrumen keuangan dipengaruhi oleh risiko pasar                       instruments affected by market risk include cash
  termasuk kas dan setara kas dan hutang lain-lain.                      and cash equivalents and other payables.

                                                              148
Page 464
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                    STATEMENTS
              Tanggal 31 Desember 2024                                          As of December 31, 2024
             dan untuk tahun yang berakhir                                      and for year then ended
                 pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
                kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN                 MANAJEMEN                 35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    RISIKO KEUANGAN (lanjutan)                                         AND POLICIES (continued)
   Risiko pasar (lanjutan)                                               Market risk (continued)
   a. Risiko mata uang asing                                            a. Foreign currency risk
         Mata uang pelaporan Perseroan adalah                                 The Company’s reporting currency is Rupiah.
         Rupiah. Perseroan dapat menghadapi risiko                            The Company faces foreign exchange risk as
         nilai tukar mata uang asing karena penjualan                         its sales and the costs of certain purchases are
         dan biaya beberapa pembelian dalam mata                              either denominated in foreign currency (mainly
         uang asing (terutama Dolar AS) atau harga                            US Dollar) or whose price is significantly
         yang secara signifikan dipengaruhi oleh                              influenced by movements in foreign currencies.
         perubahan nilai tukar mata uang asing. Tidak                         There is no formal hedging policy with respect
         ada kebijakan formal lindung nilai sehubungan                        to foreign exchange exposures. Exposure to
         dengan eksposur valuta asing. Eksposur                               exchange risk is monitored on an ongoing
         terhadap risiko nilai tukar dipantau secara                          basis.
         berkelanjutan.
         Tabel berikut ini menunjukan sensitivitas                            The following table demonstrates the sensitivity
         kemungkinan perubahan tingkat nilai tukar                            to a reasonably possible change in the Rupiah
         Rupiah terhadap mata uang asing, dengan                              exchange rate again foreign currency, with all
         asumsi variabel lain konstan. dampak terhadap                        other variables held constant. the effect to the
         laba sebelum beban pajak penghasilan badan                           profit before corporate income tax expenses is
         sebagai berikut:                                                     as follows:
                                                                     Dampak terhadap
                                                                       Laba sebelum
                                                                        beban pajak
                                               Perubahan            penghasilan badan/
                                               tingkat Rp/             Effect on profit
                                                Change in             before corporate
                                                 Rp rate            income tax expense

           31 Desember 2024                                                                               December 31, 2024
           Dolar AS                                     +10%                   324.472.071                        US Dollar
           Euro                                         +10%                        52.099                             Euro
           Dolar AS                                     -10%                  (324.472.071)                       US Dollar
           Euro                                         -10%                       (52.099)                            Euro
           31 Desember 2023                                                                               December 31, 2023
           Dolar AS                                     +10%                    35.965.029                        US Dollar
           Euro                                         +10%                        52.989                             Euro
           Dolar AS                                     -10%                   (35.965.029)                       US Dollar
           Euro                                         -10%                       (52.989)                            Euro
           31 Desember 2022                                                                               December 31, 2022
           Dolar AS                                     +10%                   147.425.189                        US Dollar
           Euro                                         +10%                        52.989                             Euro
           Dolar AS                                     -10%                  (147.425.189)                       US Dollar
           Euro                                         -10%                       (52.989)                            Euro
    b.    Risiko harga komoditas                                         b.     Commodity price risk
          Kelompok Usaha terkena dampak risiko harga                            The Group is exposed to commodity price risk
          komoditas yang dipengaruhi oleh beberapa                              due to certain factors such as weather,
          faktor, antara lain cuaca, kebijakan pemerintah,                      government policy, level of demand and supply
          tingkat permintaan dan penawaran pasar, dan                           in the market, and the global economic
          lingkungan ekonomi global. Dampak tersebut                            environment. Such exposure mainly arises
          terutama timbul dari penjualan produk kelapa                          from its sales of oil palm products where the
          sawit, di mana marjin laba atas penjualan                             profit margin on sale of oil palm products may
          produk kelapa sawit tersebut terpengaruh                              be affected from international market prices
          fluktuasi harga pasar internasional.                                  fluctuations.
          Tidak ada kebijakan formal lindung nilai                              There is no formal hedging policy with respect
          sehubungan dengan eksposur risiko harga                               to the commodity price risk. Exposure to the
          komoditas. Eksposur terhadap risiko harga                             commodity price risk is monitored on an
          komoditas dipantau secara berkelanjutan.                              ongoing basis.
                                                             149
Page 465
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                  STATEMENTS
          Tanggal 31 Desember 2024                                        As of December 31, 2024
         dan untuk tahun yang berakhir                                    and for year then ended
             pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
            kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                     35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                           AND POLICIES (continued)

   Risiko tingkat suku bunga                                       Interest rate risk

   Risiko tingkat suku bunga Kelompok Usaha                       The Group's interest rate risk mainly arises from
   terutama timbul dari pinjaman untuk tujuan modal               loans for working capital and investment purposes.
   kerja dan investasi. Pinjaman pada berbagai                    Loans at variable rates expose the Group to fair
   tingkat suku bunga variabel menunjukkan                        value interest rate risk. There is no formal hedging
   Kelompok Usaha kepada nilai wajar risiko tingkat               policy with respect to interest rate exposures.
   suku bunga. Tidak ada kebijakan formal lindung                 Exposure to interest rate risk is monitored on an
   nilai sehubungan dengan eksposur tingkat bunga.                ongoing basis.
   Eksposur terhadap risiko tingkat bunga dipantau
   secara berkelanjutan.

   Tabel   berikut  ini  menunjukan      sensitifitas              The following table demonstrates the sensitivity to
   kemungkinan perubahan tingkat suku bunga                        a reasonably possible change in interest rates on
   pinjaman. Dengan asumsi variabel lain konstan,                  that portion of loans. With all other variables held
   laba sebelum beban pajak konsolidasian                          constant, the consolidated profit before tax expense
   penghasilan badan dipengaruhi oleh tingkat suku                 is affected through the impact on floating rate loans
   bunga mengambang sebagai berikut:                               as follows:

                                                               Dampak terhadap
                                            Kenaikan/             laba sebelum
                                        penurunan dalam            beban pajak
                                           satuan poin/       penghasilan badan/
                                             Increase/           Effect on profit
                                             decrease           before corporate
                                          in basis point      income tax expense
  31 Desember 2024                                                                                     December 31, 2024
  Rupiah                                            +100                (66.516.775 )                            Rupiah
  Dolar AS                                          +100                (56.979.409 )                          US Dollar
  Euro                                              +100                    (10.680 )                               Euro
  Rupiah                                            -100                 66.516.775                              Rupiah
  Dolar AS                                          -100                 56.979.409                            US Dollar
  Euro                                              -100                     10.680                                 Euro
  31 Desember 2023                                                                                     December 31, 2023
  Rupiah                                            +100               (140.593.873 )                            Rupiah
  Dolar AS                                          +100                 (7.372.831 )                          US Dollar
  Euro                                              +100                    (10.863 )                               Euro
  Rupiah                                            -100                140.593.873                              Rupiah
  Dolar AS                                          -100                  7.372.831                            US Dollar
  Euro                                              -100                     10.863                                 Euro
  31 Desember 2022                                                                                     December 31, 2022
  Rupiah                                            +100                (52.457.902 )                            Rupiah
  Dolar AS                                          +100                (29.353.802 )                          US Dollar
  Euro                                              +100                    (11.140 )                               Euro
  Rupiah                                            -100                 52.457.902                              Rupiah
  Dolar AS                                          -100                 29.353.802                            US Dollar
  Euro                                              -100                     11.140                                 Euro


  Risiko kredit                                                  Credit risk

  Risiko kredit yang dihadapi oleh Kelompok Usaha                 The Group is exposed to credit risk arising from the
  berasal dari kredit yang diberikan kepada                       credit granted to its customers. To mitigate this risk,
  pelanggan. Untuk meringankan resiko ini, ada                    it has policies in place to ensure that sales of
  kebijakan untuk memastikan penjualan produk                     products are made only to creditworthy customers
  hanya dibuat kepada pelanggan yang dapat                        with proven track record or good credit history. In
  dipercaya dan terbukti mempunyai sejarah kredit                 addition, receivable balances are monitored on an
  yang baik. Sebagai tambahan, saldo piutang                      ongoing basis to reduce the Company's exposure
  dipantau secara terus menerus untuk mengurangi                  to bad debts.
  kemungkinan piutang yang tidak tertagih.


                                                        150
Page 466
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                           STATEMENTS
           Tanggal 31 Desember 2024                                                 As of December 31, 2024
          dan untuk tahun yang berakhir                                             and for year then ended
              pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
             kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                            35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                  AND POLICIES (continued)

   Risiko kredit (lanjutan)                                                 Credit risk (continued)

   Tabel berikut menggambarkan jumlah risiko kredit                        The following table sets out the total credit risk and
   dan konsentrasi risiko yang dimiliki Kelompok Usaha                     risk concentration of the Group as of December 31,
   pada tanggal-tanggal 31 Desember 2024, 2023, dan                        2024, 2023, and 2022:
   2022:

                                    Tahun yang berakhir pada tanggal 31 Desember 2024/
                                              Year ended December 31, 2024

                                      Belum jatuh        Jatuh tempo
                                       tempo dan          dan tidak
                                    tidak mengalami       mengalami
                                    penurunan nilai/   penurunan nilai/
                                    Neither past due     Past due but           Jumlah/
                                      nor impaired       not impaired            Total

   Kas dan setara kas                 1.180.282.037                  -         1.180.282.037           Cash and cash equivalents
   Piutang usaha                        508.459.158                  -           508.459.158                   Trade receivables
   Piutang lain - lain                  591.381.897                  -           591.381.897                    Other receivables
   Pinjaman kepada pihak berelasi        51.190.924                  -            51.190.924               Loan to related parties
   Aset lancar lainnya                  643.767.663                  -           643.767.663                 Other current assets
   Piutang plasma                       447.278.064                  -           447.278.064                  Plasma receivables
   Aset tidak lancar lainnya -
      Deposito yang                                                                                     Other non-current assets -
      dibatasi penggunaannya              6.007.575                  -             6.007.575            Restricted time deposits

  Total                               3.428.367.318                  -         3.428.367.318                                 Total


                                    Tahun yang berakhir pada tanggal 31 Desember 2023/
                                              Year ended December 31, 2023

                                      Belum jatuh        Jatuh tempo
                                       tempo dan          dan tidak
                                    tidak mengalami       mengalami
                                    penurunan nilai/   penurunan nilai/
                                    Neither past due     Past due but           Jumlah/
                                      nor impaired       not impaired            Total

   Kas dan setara kas             1.237.290.419                      -         1.237.290.419           Cash and cash equivalents
   Piutang usaha                    660.543.943                      -           660.543.943                   Trade receivables
   Piutang lain - lain              299.729.984                      -           299.729.984                    Other receivables
   Pinjaman kepada pihak berelasi   475.623.562                      -           475.623.562               Loan to related parties
   Aset lancar lainnya              888.190.872                      -           888.190.872                 Other current assets
   Piutang plasma                   588.537.684                      -           588.537.684                  Plasma receivables
   Pinjaman jangka panjang kepada
      pemegang saham yang dapat                                                                         Long-term convertible loan
      dikonversi                    219.473.951                      -           219.473.951                    to a shareholder
   Aset tidak lancar lainnya -
      Deposito yang                                                                                     Other non-current assets -
      dibatasi penggunaannya          6.007.575                      -             6.007.575            Restricted time deposits
   Aset tidak lancar lainnya -                                                                          Other non-current assets -
      uang jaminan                    3.170.277                      -             3.170.277                  guarentee deposits

  Total                               4.378.568.267                  -         4.378.568.267                                 Total




                                                             151
Page 467
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                       STATEMENTS
           Tanggal 31 Desember 2024                                             As of December 31, 2024
          dan untuk tahun yang berakhir                                         and for year then ended
              pada tanggal tersebut                                        (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                        unless otherwise stated)
             kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                       35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                             AND POLICIES (continued)

   Risiko kredit (lanjutan)                                             Credit risk (continued)

    Tabel berikut menggambarkan jumlah risiko kredit                   The following table sets out the total credit risk and
    dan konsentrasi risiko yang dimiliki Kelompok Usaha                risk concentration of the Group as of December 31,
    pada tanggal-tanggal 31 Desember 2024, 2023, dan                   2024, 2023, and 2022: (continued)
    2022: (lanjutan)

                                     Tahun yang berakhir pada tanggal 31 Desember 2022/
                                             Year ended December 31, 2022

                                  Belum jatuh        Jatuh tempo
                                   tempo dan          dan tidak
                                tidak mengalami       mengalami
                                penurunan nilai/   penurunan nilai/
                                Neither past due     Past due but           Jumlah/
                                  nor impaired       not impaired            Total

    Kas dan setara kas             1.806.836.518                 -         1.806.836.518           Cash and cash equivalents
    Piutang usaha                    858.254.014                 -           858.254.014                   Trade receivables
    Piutang lain - lain              275.068.772                 -           275.068.772                   Other receivables
    Pinjaman kepada pihak berelasi   285.451.862                 -           285.451.862               Loan to related parties
    Piutang plasma                   505.537.041                 -           505.537.041                 Plasma receivables
    Pinjaman jangka panjang kepada
       pemegang saham yang dapat                                                                    Long-term convertible loan
       dikonversi                    160.319.303                 -           160.319.303                   to a shareholder
    Aset tidak lancar lainnya -
       Deposito yang                                                                                Other non-current assets -
       dibatasi penggunaannya          6.007.575                 -             6.007.575           Restricted time deposits
    Aset tidak lancar lainnya -                                                                     Other non-current assets -
       uang jaminan                    3.235.057                 -             3.235.057                  guarentee deposits

   Total                           3.900.710.142                 -         3.900.710.142                                 Total


    Risiko likuiditas                                                   Liquidity risk

    Risiko likuiditas adalah risiko bahwa Kelompok                      Liquidity risk is the risk that the Group will encounter
    Usaha akan mengalami kesulitan dalam memenuhi                       difficulty in meeting financial obligation due to
    liabilitas keuangan karena kekurangan dana.                         shortage of liquidity.

    Kelompok Usaha mengelola profil likuiditasnya                       The Group manages its liquidity profile to be able to
    untuk dapat mendanai pengeluaran modalnya dan                       finance its capital expenditure and service its
    mengelola utang yang jatuh tempo dengan                             maturing debts by maintaining sufficient cash and
    mengatur kas dan ketersediaan pendanaan melalui                     the availability of funding through an adequate
    jumlah komitmen fasilitas kredit yang cukup.                        amount of committed credit facilities.




                                                          152
Page 468
                                                                                     The original consolidated financial statements included herein
                                                                                                                   are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                       PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                        STATEMENTS
           Tanggal 31 Desember 2024                                                              As of December 31, 2024
          dan untuk tahun yang berakhir                                                          and for year then ended
              pada tanggal tersebut                                                         (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                         unless otherwise stated)
             kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                         35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                               AND POLICIES (continued)

    Risiko likuiditas (lanjutan)                                                         Liquidity risk (continued)

    Tabel berikut ini menunjukan profil jangka waktu                                     The table below summarises the maturity profile of
    pembayaran liabilitas Kelompok Usaha berdasarkan                                     the Group’s financial liabilities based on contractual
    pembayaran dalam kontrak.                                                            payments.
                                                 Untuk tahun yang Berakhir pada Tanggal 31 Desember 2024
                                                           For the year Ended December 31, 2024

                           Kurang dari 1 tahun/        1-2 tahun/           2-5 tahun/          >5 tahun/         Total/
                            Less than 1 year           1-2 years             2-5 years          >5 years          Total

     Utang usaha                                                                                                                    Trade payables
        Pihak ketiga              264.074.065                       -                    -                  -    264.074.065         Third parties
        Pihak berelasi            113.907.528                       -                    -                  -    113.907.528      Related parties
      Beban akrual                166.221.853                       -                    -                  -    166.221.853     Accrued expenses
      Utang lain-lain                                                                                                               Other payables
        Pihak ketiga              393.020.643                       -                    -                  -    393.020.643         Third parties
        Pihak berelasi             44.501.687                       -                    -                  -     44.501.687      Related parties
      Utang bank jangka                                                                                                                  Short-term
        pendek                    989.173.991                       -                    -                  -    989.173.991           bank loan
      Liabilitas imbalan kerja                                                                                                           Short-term
        karyawan                                                                                                                employee benefits
        jangka pendek             159.070.367                       -                    -                  -    159.070.367             liabilities
      Utang bank jangka
        panjang - setelah
        dikurangi bagian                                                                                                            Long term bank
        jatuh tempo dalam                                                                                                            loan - net of
        satu tahun                           -        1.108.185.887        1.900.561.013       792.413.449      3.801.160.349   current maturities
      Total                      2.129.970.134        1.108.185.887        1.900.561.013       792.413.449      5.931.130.483               Total

                                                 Untuk tahun yang Berakhir pada Tanggal 31 Desember 2023
                                                           For the year Ended December 31, 2023

                           Kurang dari 1 tahun/        1-2 tahun/           2-5 tahun/          >5 tahun/         Total/
                            Less than 1 year           1-2 years             2-5 years          >5 years          Total

     Utang usaha                                                                                                                    Trade payables
        Pihak ketiga             279.793.615                        -                    -                  -    279.793.615         Third parties
        Pihak berelasi            84.486.873                        -                    -                  -     84.486.873      Related parties
      Beban akrual                65.502.846                        -                    -                  -     65.502.846     Accrued expenses
      Utang lain-lain                                                                                                               Other payables
        Pihak ketiga             702.837.196                        -                    -                  -    702.837.196         Third parties
        Pihak berelasi            37.544.615                        -                    -                  -     37.544.615      Related parties
      Utang bank jangka                                                                                                                  Short-term
        Pendek                   897.754.076                        -                    -                  -    897.754.076           bank loan
      Liabilitas imbalan kerja                                                                                                           Short-term
        karyawan                                                                                                                employee benefits
        jangka pendek            147.986.415                        -                    -                  -    147.986.415             liabilities
      Utang bank jangka
        panjang - setelah
        dikurangi bagian                                                                                                            Long term bank
        jatuh tempo dalam                                                                                                            loan - net of
        satu tahun             4.766.529.162                        -                    -                  -   4.766.529.162   current maturities
     Total                       6.982.434.798                      -                    -                  -   6.982.434.798                  Total




                                                                          153
Page 469
                                                                                      The original consolidated financial statements included herein
                                                                                                                    are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                       PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                        STATEMENTS
           Tanggal 31 Desember 2024                                                              As of December 31, 2024
          dan untuk tahun yang berakhir                                                          and for year then ended
              pada tanggal tersebut                                                         (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                         unless otherwise stated)
             kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                         35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                               AND POLICIES (continued)
    Risiko likuiditas (lanjutan)                                                          Liquidity risk (continued)

    Tabel berikut ini menunjukan profil jangka waktu                                      The table below summarises the maturity profile of
    pembayaran liabilitas Kelompok Usaha berdasarkan                                      the Group’s financial liabilities based on contractual
    pembayaran dalam kontrak. (lanjutan)                                                  payments. (continued)
                                                 Untuk tahun yang Berakhir pada Tanggal 31 Desember 2022/
                                                           For the year Ended December 31, 2022

                           Kurang dari 1 tahun/         1-2 tahun/          2-5 tahun/           >5 tahun/             Total/
                            Less than 1 year            1-2 years            2-5 years           >5 years              Total

     Utang usaha                                                                                                                         Trade payables
        Pihak ketiga              138.796.191                        -                   -                   -        138.796.191         Third parties
        Pihak berelasi             83.851.336                        -                   -                   -         83.851.336      Related parties
      Beban akrual                116.654.531                        -                   -                   -        116.654.531     Accrued expenses
      Utang lain-lain                                                                                                                    Other payables
        Pihak ketiga              837.371.397                        -                   -                   -        837.371.397         Third parties
        Pihak berelasi             13.430.138                        -                   -                   -         13.430.138      Related parties
      Utang bank jangka                                                                                                                       Short-term
        pendek                    856.786.228                        -                   -                   -        856.786.228           bank loan
      Liabilitas imbalan kerja                                                                                                                Short-term
        karyawan                                                                                                                     employee benefits
        jangka pendek             169.022.031                        -                   -                       -    169.022.031             liabilities
      Utang bank jangka
        panjang - setelah
        dikurangi bagian                                                                                                                 Long term bank
        jatuh tempo dalam                                                                                                                 loan - net of
        satu tahun                           -        1.070.071.270         2.069.009.997     1.547.422.214          4.686.503.481   current maturities
      Total                      2.215.911.852        1.070.071.270         2.069.009.997     1.547.422.214          6.902.415.333                 Total



 36. INFORMASI SEGMEN                                                               36. SEGMENT INFORMATION
    Pada tanggal 31 Desember 2024, 2023, dan 2022,                                        As of December 31, 2024, 2023, and 2022, the
    Kelompok Usaha menjalankan dan mengelola                                              Group operates and manages its business in 2 (two)
    usahanya dalam 2 (dua) segmen yaitu perkebunan                                        segment that is oil palm plantations and sells its
    kelapa sawit serta menjual produknya di 1 (satu)                                      products in 1 (one) region that is Central Kalimantan
    wilayah yaitu Kalimantan Tengah dan minyak nabati                                     and edible oil that sold the products in local and
    dengan penjualan dilakukan di pasar lokal dan                                         export markets.
    ekspor.
    Untuk kepentingan manajemen, kelompok usaha                                          For management purposes, the Group is organized
    digolongkan menjadi unit usaha berdasarkan produk                                    into business units based on their products and
    dan jasa dan memiliki dua segmen operasi                                             services and has two reportable operating segments
    dilaporkan sebagai berikut:                                                          as follows:
    Segmen Perkebunan                                                                    Plantations Segment
    Segmen Perkebunan melakukan kegiatan usaha                                           Plantations segment is involved in the development
    dalam pengembangan dan pemeliharaan terkait                                          and maintenance of primary bearer plants, such as
    tanaman produktif utama, yaitu kelapa sawit dan                                      oil palm and other business activities relating to
    aktivitas usaha lainnya yang berkaitan dengan                                        processing of the produce into finished goods, and
    pengolahan hasil perkebunan menjadi barang jadi,                                     the related marketing and selling activities.
    dan aktivitas pemasaran dan penjualan terkait.
    Segmen Minyak Nabati                                                                 Edible Oil Segment

    Segmen Minyak Nabati memproduksi, memasarkan,                                        Edible Oil segment produces, markets, and sells
    dan menjual minyak nabati dan produk terkait                                         edible oil and other related products
    lainnya.



                                                                          154
Page 470
                                                                                The original consolidated financial statements included herein
                                                                                                              are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                   STATEMENTS
           Tanggal 31 Desember 2024                                                         As of December 31, 2024
          dan untuk tahun yang berakhir                                                     and for year then ended
              pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
             kecuali dinyatakan lain)


36. INFORMASI SEGMEN (lanjutan)                                                36. SEGMENT INFORMATION (continued)

    Segmen Operasi                                                                  Operating Segments

    Manajemen memantau hasil operasi dari unit                                      Management monitors the operating results of its
    usahanya secara terpisah guna keperluan                                         business units separately for the purpose of making
    pengambilan keputusan mengenai alokasi sumber                                   decisions    about     resource    allocation  and
    daya dan penilaian kinerja. Kinerja segmen                                      performance assessment. Segment performance is
    dievaluasi berdasarkan laba rugi operasi dan diukur                             evaluated based on operating profit or loss and is
    secara konsisten dengan laba rugi operasi pada                                  measured consistently with operating profit or loss
    laporan     keuangan     konsolidasian.    Namun,                               in the consolidated financial statements. However,
    pendanaan Kelompok Usaha (termasuk beban                                        the Group financing (including finance costs and
    keuangan dan penghasilan keuangan) dan pajak                                    finance income) and income taxes are managed on
    penghasilan dikelola secara grup dan tidak                                      a group basis and are not allocated to operating
    dialokasikan kepada segmen operasi.                                             segments.

    Harga transfer antar entitas hukum dan antar                                    Transfer prices between legal entities and segments
    segmen diatur dengan cara yang serupa dengan                                    are set on a manner similar to transactions with third
    transaksi dengan pihak ketiga.                                                  parties.

    Tabel berikut ini menyajikan informasi pendapatan                               The following table presents revenue and profit, and
    dan laba dan aset dan liabilitas tertentu sehubungan                            certain asset and liability information regarding the
    dengan segmen operasi Kelompok Usaha:                                           Group’s operating segments:
                                                              Minyak dan
                                                             Lemak Nabati/
                                            Perkebunan/        Edible Oil       Eliminasi/          Total/
                                            Plantations        and Fats        Eliminations         Total
     Tahun yang Berakhir                                                                                                                   Year Ended
        pada Tanggal 31 Desember 2024                                                                                          December 31, 2024
     Penjualan                                                                                                                                   Sales
     Penjualan kepada pelanggan eksternal      755.543.193     9.766.107.502                -     10.521.650.695           Sales to external customers
     Penjualan antar segmen                  5.550.003.675                 -   (5.550.003.675)                 -                    Inter-segment sales
     Total penjualan                         6.305.546.868     9.766.107.502   (5.550.003.675)    10.521.650.695                            Total sales

     Laba                                                                                                                                     Results
     Laba usaha segmen dilaporkan            1.675.214.851      122.047.466       (27.117.835)     1.770.144.482    Reportable segment operating profit

     Beban keuangan neto yang tidak
       dapat dialokasikan                                                                           (502.569.647)         Unallocated net finance costs
     Bagian kerugian atas                                                                                                           Equity in net losses
       entitas asosiasi                                                                              (41.471.530)              of an associate entity
     Beban pajak penghasilan                                                                        (381.411.919)                  Income tax expense

     Laba tahun berjalan                                                                             844.691.386                    Profit for the year

     Informasi segmen lainnya                                                                                              Other segment information
     Belanja modal                             269.184.623      117.019.241                   -     386.203.864                  Capital expenditures
     Penyusutan dan amortisasi                 386.196.694       44.368.671                   -     430.565.365          Depreciation and amortization

     Aset dan Liabilitas                                                                                                        Assets and Liabilities
     Aset segmen dilaporkan                  7.349.950.273     4.200.322.569     (335.850.248)    11.214.422.594            Reportable segment assets

     Aset yang tidak dialokasikan                                                                   550.419.743
     Aset Kelompok Usaha                                                                          11.764.842.337                       Group’s Assets

     Liabilitas segmen dilaporkan            5.876.362.736     3.231.021.262     (233.899.003)     8.873.484.995          Reportable segment liabilities

     Liabilitas Kelompok Usaha                                                                     8.873.484.995                   Group’s Liabilities




                                                                      155
Page 471
                                                                               The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                   STATEMENTS
          Tanggal 31 Desember 2024                                                         As of December 31, 2024
         dan untuk tahun yang berakhir                                                     and for year then ended
             pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
            kecuali dinyatakan lain)


36. INFORMASI SEGMEN (LANJUTAN)                                               36. SEGMENT INFORMATION (CONTINUED)
   Segmen Operasi (lanjutan)                                                       Operating Segments (continued)
   Tabel berikut ini menyajikan informasi pendapatan                               The following table presents revenue and profit, and
   dan laba dan aset dan liabilitas tertentu sehubungan                            certain asset and liability information regarding the
   dengan segmen operasi Kelompok Usaha:                                           Group’s operating segments: (continued)
   (lanjutan)
                                                             Minyak dan
                                                            Lemak Nabati/
                                           Perkebunan/        Edible Oil       Eliminasi/          Total/
                                           Plantations        and Fats        Eliminations         Total
    Tahun yang Berakhir                                                                                                                   Year Ended
       pada Tanggal 31 Desember 2023                                                                                          December 31, 2023
    Penjualan                                                                                                                                   Sales
    Penjualan kepada pelanggan eksternal      383.974.404   10.319.437.441                       10.703.411.845           Sales to external customers
    Penjualan antar segmen                  5.766.447.286                -     (5.766.447.286)                -                    Inter-segment sales
    Total penjualan                         6.150.421.690    10.319.437.441    (5.550.003.675)   10.703.411.845                            Total sales

    Laba                                                                                                                                     Results
    Laba usaha segmen dilaporkan              919.708.880      241.541.978        35.032.642      1.196.283.500    Reportable segment operating profit

    Beban keuangan neto yang tidak
      dapat dialokasikan                                                                           (590.808.141)         Unallocated net finance costs
    Bagian kerugian atas                                                                                                           Equity in net losses
      entitas asosiasi                                                                              (53.340.212)              of an associate entity
    Beban pajak penghasilan                                                                        (208.119.522)                  Income tax expense

    Laba tahun berjalan                                                                            344.015.625                     Profit for the year

    Informasi segmen lainnya                                                                                             Other segment information
    Belanja modal                             451.567.207      19.182.746                    -     470.749.953                  Capital expenditures
    Penyusutan dan amortisasi                 359.782.024      42.147.765                    -     401.929.789          Depreciation and amortization

    Aset dan Liabilitas                                                                                                        Assets and Liabilities
    Aset segmen dilaporkan                  7.246.374.090     4.336.196.245     (364.016.986)    11.218.553.349            Reportable segment assets

    Aset yang tidak dialokasikan                                                                   591.891.284
    Aset Kelompok Usaha                                                                          11.810.444.633                       Group’s Assets

    Liabilitas segmen dilaporkan            6.653.328.452     3.433.777.171     (266.623.050)     9.820.482.573          Reportable segment liabilities

    Liabilitas Kelompok Usaha                                                                     9.820.482.573                   Group’s Liabilities

                                                             Minyak dan
                                                            Lemak Nabati/
                                           Perkebunan/        Edible Oil       Eliminasi/          Total/
                                           Plantations        and Fats        Eliminations         Total
    Tahun yang Berakhir                                                                                                                   Year Ended
       pada Tanggal 31 Desember 2022                                                                                          December 31, 2022
    Penjualan                                                                                                                                   Sales
    Penjualan kepada pelanggan eksternal    1.620.952.308     9.619.266.708                      11.240.219.016           Sales to external customers
    Penjualan antar segmen                  5.640.266.163                 -    (5.640.266.163)                -                    Inter-segment sales
    Total penjualan                         7.261.218.471     9.619.266.708    (5.640.266.163)   11.240.219.016                            Total sales

    Laba                                                                                                                                     Results
    Laba usaha segmen dilaporkan            2.265.302.449      365.273.615        (4.720.804)     2.625.855.260    Reportable segment operating profit

    Beban keuangan neto yang tidak
      dapat dialokasikan                                                                           (623.818.358)         Unallocated net finance costs
    Bagian kerugian atas                                                                                                           Equity in net losses
      entitas asosiasi                                                                              (37.350.735)              of an associate entity
    Beban pajak penghasilan                                                                        (489.764.327)                  Income tax expense

    Laba tahun berjalan                                                                           1.474.921.840                    Profit for the year

    Informasi segmen lainnya                                                                                             Other segment information
    Belanja modal                             335.668.404       5.620.436                    -     341.288.840                  Capital expenditures
    Penyusutan dan amortisasi                 319.792.023      41.235.073                    -     361.027.096          Depreciation and amortization


    Aset dan Liabilitas                                                                                                        Assets and Liabilities
    Aset segmen dilaporkan                  8.287.914.534     3.019.974.168     (816.210.398)    10.491.678.304            Reportable segment assets

    Aset yang tidak dialokasikan                                                                   645.231.496
    Aset Kelompok Usaha                                                                          11.136.909.800                       Group’s Assets

    Liabilitas segmen dilaporkan            7.525.735.291     2.250.454.437     (683.783.819)     9.092.405.909          Reportable segment liabilities

    Liabilitas Kelompok Usaha                                                                     9.092.405.909                   Group’s Liabilities

                                                                     156
Page 472
                                                                                                          The original consolidated financial statements included herein
                                                                                                                                        are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                                             PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                                              STATEMENTS
             Tanggal 31 Desember 2024                                                                                    As of December 31, 2024
            dan untuk tahun yang berakhir                                                                                and for year then ended
                pada tanggal tersebut                                                                               (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                                               unless otherwise stated)
               kecuali dinyatakan lain)


37. AREA PERKEBUNAN                                                                                      37. PLANTATION AREA
                                                       31 Desember 2024/           31 Desember 2023/                31 Desember 2022/
                                                       December 31, 2024           December 31, 2023                December 31, 2022
                                                          (Dalam Ha/                   (Dalam Ha/                       (Dalam Ha/
                                                             in Ha                       in Ha)                           in Ha)

    Tanaman menghasilkan                                            68.941                          68.901                        68.880                         Mature plantations
    Tanaman belum menghasilkan                                         410                             266                           152                       Immature plantations
    Lain-lain                                                       23.873                          24.367                        24.628                                    Others

      Total                                                         93.224                          93.534                        93.660                                              Total


    Selama 2024, terjadi penghapusan hak guna usaha                                                              During 2024, there was a cancellation of land use
    atas area perkebunan MPP seluas 310,14 Ha                                                                    rights over an area of 310.14 Ha of the MPP
    karena adanya areal High Conservation Value                                                                  plantation due to the presence of High Conservation
    didalam area perkebunan tersebut.                                                                            Value areas within that plantation.

    Area perkebunan di atas berlokasi di Desa Tamiang,                                                           Plantations area above are located in Tamiang
    Kecamatan     Bulik,    Kabupaten       Lamandau,                                                            Village, Bulik District, Lamandau Regency, Central
    Kalimantan Tengah.                                                                                           Kalimantan.


38. ASET DAN LIABILITAS MONETER DALAM MATA                                                               38. MONETARY   ASSETS    AND   LIABILITIES
    UANG ASING                                                                                               DENOMINATED IN FOREIGN CURRENCIES
                                            31 Desember 2024/                        31 Desember 2023/                        31 Desember 2022/
                                            December 31, 2024                        December 31, 2023                        December 31, 2022

                                          Mata                                    Mata                                      Mata
                                      Uang Asing                              Uang Asing                                Uang Asing
                                     (nilai penuh)/                          (nilai penuh)/                            (nilai penuh)/
                                        Foreign            Ekuivalen/           Foreign             Ekuivalen/            Foreign           Ekuivalen/
                                       Currency            Equivalent          Currency             Equivalent           Currency           Equivalent
                                     (full amount)           in Rp           (full amount)            in Rp            (full amount)          in Rp

  Aset                                                                                                                                                                               Assets
  Kas dan setara kas - dalam                                                                                                                                  Cash and cash equivalents - in
      Dolar AS                      AS$9.330.257             150.795.624      AS$2.735.001            42.162.786       AS$10.589.334         166.580.808                       US Dollar
  Bank yang dibatasi penggunaannya                                                                                                                                  Restricted cash in bank
      - dalam Dolar AS             AS$39.135.351             632.505.543     AS$57.614.872           888.190.867                        -                -                - in US Dollar
  Piutang usaha - dalam
      Dolar AS                       AS$444.128                7.179.321     AS$18.747.847           289.016.809       AS$28.040.735         441.108.804     Trade receivables - in US Dollar
  Piutang lain-lain - dalam
      Dolar AS                          AS$Nihil                       -     AS$35.276.231           543.818.377       AS$22.333.301         351.325.158     Other receivables - in US Dollar
  Aset lancar lainnya                AS$696.827               11.262.118                 -                     -                   -                   -     Other receivables - in US Dollar

                                                             801.742.606                            1.763.188.839                            959.014.770


  Liabilitas                                                                                                                                                                       Liabilities
  Utang bank - dalam Dolar AS        AS$192.338.230        3.108.586.635   AS$220.070.187           3.392.602.003     AS$130.921.188        2.059.521.208           Bank loan - in US Dollar
  Utang usaha - dalam Dolar AS              AS$Nihil                   -    AS$21.311.112             328.532.103      AS$48.043.345          755.769.860      Trade payables - in US Dollar
  Utang lain-lain - dalam Dolar AS          AS$Nihil                   -     AS$1.018.098              15.694.999        AS$978.387            15.391.006      Trade payables - in US Dollar
  Beban yang masih harus dibayar
      - dalam Dolar AS                 AS$7.356.992      118.903.704.704      AS$1.742.154            26.857.046        AS$2.465.392          38.783.082     Accrued expenses - in US Dollar

                                                         122.012.291.339                            3.392.602.003                           2.869.465.156

  Liabilitas moneter, neto                               122.814.033.945                            3.763.686.151                           3.828.479.926             Monetary liabilities, net



    Apabila liabilitas neto dalam mata uang selain                                                                  If the net position of liabilities in currencies other
    Rupiah pada tanggal 31 Desember 2024 dinyatakan                                                                 than Rupiah as of December 31, 2024, is reflected
    dengan menggunakan kurs tengah nilai tukar mata                                                                 using the middle rates Rp16 of exchange as of the
    uang asing Rp16 pada tanggal penyelesaian                                                                       completion date of these consolidated financial
    laporan keuangan konsolidasian ini, maka liabilitas                                                             statements, the net liabilities in foreign currencies
    dalam mata uang asing neto akan bertambah                                                                       will increase by approximately Rp7,517,999.
    sebesar Rp7.517.999.




                                                                                              157
Page 473
                                                                                     The original consolidated financial statements included herein
                                                                                                                   are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                         PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                    AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                          STATEMENTS
          Tanggal 31 Desember 2024                                                                As of December 31, 2024
         dan untuk tahun yang berakhir                                                            and for year then ended
             pada tanggal tersebut                                                           (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                           unless otherwise stated)
            kecuali dinyatakan lain)


39. TAMBAHAN INFORMASI ARUS KAS                                                     39. SUPPLEMENTARY CASH FLOW INFORMATION

   Perubahan pada liabilitas yang timbul dari aktivitas                                   Changes in liabilities arising from financing activities
   pendanaan pada laporan arus kas konsolidasian                                          in the consolidated cash flow statement are as
   adalah sebagai berikut:                                                                follows:
                                                                                                  Selisih kurs/
                         1 Januari 2024/ Penambahan/      Pengurangan/         Biaya Pinjaman/      Foreign         31 Desember 2024/
                        January 1, 2024   (Additions)     (Repayment)          Cost of Fund        exchange         December 31, 2024

   Utang bank
      jangka pendek       2.437.341.526   5.047.176.165   (5.351.777.862 )                   -        62.361.053       2.195.100.881      Short-term bank loan
   Utang bank
      jangka panjang      5.664.283.238      53.977.929     (959.007.916 )          11.590.776        19.490.314       4.790.334.340      Long-term bank loan

   Total                  8.101.624.764   5.101.154.094    (6.310.785.779)          11.590.776        81.851.367        6.985.435.222                   Total



                                                                                                  Selisih kurs/
                         1 Januari 2023/ Penambahan/      Pengurangan/         Biaya Pinjaman/      Foreign         31 Desember 2023/
                        January 1, 2023   (Additions)     (Repayment)          Cost of Fund        exchange         December 31, 2023

   Utang bank
      jangka pendek        973.981.690    5.483.049.559   (3.973.110.140)                    -       (46.579.583)      2.437.341.526      Short-term bank loan
   Utang bank
      jangka panjang      5.543.289.709    850.000.000     (723.079.133)             5.354.831       (11.282.169)      5.664.283.238      Long-term bank loan
   Utang obligasi           633.067.305              -     (663.250.968)               475.865        29.707.798                   -            Bond payable

   Total                  7.150.338.704   6.333.049.559   (5.359.440.241)            5.830.696       (28.153.954)       8.101.624.764                   Total



                                                                                                  Selisih kurs/
                         1 Januari 2022/ Penambahan/      Pengurangan/         Biaya Pinjaman/      Foreign         31 Desember 2022/
                        January 1, 2022   (Additions)     (Repayment)          Cost of Fund        exchange         December 31, 2022

   Utang bank
      jangka pendek        968.978.400    3.537.120.800   (3.542.385.192)                    -        10.267.682         973.981.690      Short-term bank loan
   Utang bank
      jangka panjang      2.342.540.368   3.472.301.756     (340.308.109)            2.094.997        66.660.697       5.543.289.709      Long-term bank loan
   Utang obligasi         4.247.062.364               -   (3.502.781.213)          (28.395.833)      (82.818.013)        633.067.305            Bond payable

   Total                  7.558.581.132   7.009.422.556    (7.385.474.514)         (26.300.836)       (5.889.632)      7.150.338.704                    Total




40. TRANSAKSI NON-KAS                                                               40. NON-CASH TRANSACTIONS

   Berikut ini transaksi non-kas signifikan:                                              Listed below are significant non-cash transactions:

                                          Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                                    For the years ended December 31,

                                              2024                     2023                       2022

   Reklasifikasi tanaman belum                                                                                                  Reclassification of immature
     menghasilkan ke tanaman menghasilkan 3.809.985                           1.862.986             1.833.245            plantations to mature plantations
   Reklasifikasi aset tidak lancar lainnya                                                                                          Reclassification of other
     ke aset tetap                         122.261.887                       59.190.066            50.299.806           non-current assets to fixed assets




                                                                         158
Page 474
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                     STATEMENTS
          Tanggal 31 Desember 2024                                           As of December 31, 2024
         dan untuk tahun yang berakhir                                       and for year then ended
             pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
            kecuali dinyatakan lain)


41. PENGUKURAN NILAI WAJAR                                        41. FAIR VALUE MEASUREMENT

   Tabel berikut menyediakan hierarki pengukuran nilai               The following table provides the fair value
   wajar dari aset Kelompok Usaha                                    measurement hierarchy of the Group’s assets:
                                       Pengukuran nilai wajar pada akhir periode pelaporan menggunakan/
                                         Fair value measurement at the end of the reporting period using
                                                  Harga         Input yang        Input yang
                                               kuotasian            dapat         tidak dapat
                                              dalam pasar      diobservasi        diobservasi
                                           aktif untuk aset      lain yang            yang
                                              yang identik      sifgnifikan        signifikan
                                               (Level 1)/        (Level 2)/        (Level 3)/
                                            Quoted prices       Significant       Significant
                                                in active       observable      unobservable
                                                markets            inputs            inputs
                           Jumlah/Total         (Level 1)        (Level 2)          (Level 3)
 Per 31 Desember 2024                                                                              At December 31, 2024
 Pengukuran nilai                                                                                    Recurring fair value
 wajar                                                                                                  Measurements
  yang berulang
 Aset biologis                 477.262.681                    -     477.262.681                  -           Biological assets

                                                                                                      At December 31, 2023
 Per 31 Desember 2023
 Pengukuran nilai                                                                                       Recurring fair value
 wajar                                                                                                    measurements
  yang berulang
 Aset biologis                 268.510.895                    -     268.510.895                  -           Biological assets
 Pinjaman jangka
   panjang kepada
   pemegang saham                                                                                       Long term convertible
   yang dapat dikonversi       219.473.951       219.473.951                  -                  -    loan to a shareholder
                                                                                                       At December 31, 2022
 Per 31 Desember 2022
 Pengukuran nilai                                                                                       Recurring fair value
 wajar                                                                                                    measurements
  yang berulang
 Aset biologis                 225.042.572                -         225.042.572                  -           Biological assets
 Pinjaman jangka
   panjang kepada
   pemegang saham                                                                                       Long term convertible
   yang dapat dikonversi       160.319.303      160.319.303                   -                  -    loan to a shareholder

   Tidak ada transfer antara Level 1 dan Level 2, dan                There were no transfers between Level 1 and
   masuk atau keluar dari Level 3 selama 2024, 2023,                 Level 2, and into or out from Level 3 during 2024,
   dan 2022.                                                         2023, and 2022.




                                                         159
Page 475
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                               STATEMENTS
            Tanggal 31 Desember 2024                                     As of December 31, 2024
           dan untuk tahun yang berakhir                                 and for year then ended
               pada tanggal tersebut                                (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
              kecuali dinyatakan lain)


42. STANDAR    AKUNTANSI YANG TELAH                           42. 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
   Kelompok Usaha namun belum berlaku efektif                    financial statements, but not yet effective are
   diungkapkan berikut ini. Manajemen bermaksud                  disclosed below. The management intends to adopt
   untuk menerapkan standar-standar tersebut yang                these standards that are considered relevant to the
   dipertimbangkan relevan terhadap Kelompok                     Group when they become effective, and the impact
   Usaha pada saat efektif, dan dampaknya terhadap               to the consolidated financial position and
   posisi dan kinerja keuangan konsolidasian                     performance of the Group is still being estimated as
   Kelompok Usaha masih diestimasi pada tanggal                  of March 10, 2025:
   March 10, 2025:
   Mulai efektif pada atau setelah tanggal 1 Januari             Effective beginning on or after January 1, 2025
   2025

       PSAK No. 221: Pengaruh Perubahan Kurs Valuta              PSAK No. 221: The Effect of Changes in Foreign
        Asing                                                      Exchange Rates

   Mulai efektif pada atau setelah tanggal 1 Januari             Effective beginning on or after January 1, 2026
   2026
       Amendemen PSAK No. 109, "Instrumen                        PSAK No. 109 "Financial Instruments" and PSAK
        Keuangan" dan PSAK No. 107, "Instrumen                     No. 107 "Financial Instruments: Disclosure about
        Keuangan Pengungkapan tentang Klasifikasi                  the Classification and Measurement of Financial
        dan Pengukuran Instrumen Keuangan".                        Statements".

   Pada saat penerbitan laporan keuangan, Kelompok               As at the authorization date of these consolidated
   Usaha masih mempelajari dampak yang mungkin                   financial statements, the Group is still evaluating the
   timbul dari penerapan standar baru dan revisi tersebut        potential impact of these new and revised standards
   serta pengaruhnya pada laporan keuangan Kelompok              to the Group’s consolidated financial statements.
   Usaha.


43. PERISTIWA SETELAH TANGGAL NERACA                          43. SUBSEQUENT EVENTS

   Fasilitas Kredit PT Tanjung Sawit Abadi (“TSA”)               Credit Facility PT Tanjung Sawit Abadi (“TSA”)

   Pada tanggal 4 Februari 2025, TSA, entitas anak,              On February 4, 2025, TSA, a subsidiary, obtained a
   mendapatkan fasilitas kredit refinancing dari PT Bank         refinancing credit facility from PT Bank Negara
   Negara Indonesia (Persero) Tbk. (“BNI”) sebesar               Indonesia (Persero) Tbk. (“BNI”) amounting to
   Rp60.000.000. Fasilitas ini akan jatuh tempo pada             Rp60,000,000. This facility will mature in 2028 or 42
   tahun 2028 atau 42 bulan sejak penandatangaan                 months from the signing of the credit agreement.
   perjanjian kredit.

   Fasilitas Kredit PT Mitra Mendawai Sejati (“MMS”)             Credit Facility PT Mitra Mendawai Sejati (“MMS”)

   Pada tanggal 4 Februari 2025, MMS, entitas anak,               On February 4, 2025, MMS, a subsidiary, obtained
   mendapatkan fasilitas kredit refinancing dari PT Bank          a refinancing credit facility from PT Bank Negara
   Negara Indonesia (Persero) Tbk. (“BNI”) sebesar                Indonesia (Persero) Tbk. (“BNI”) amounting to
   Rp255.375.000. Fasilitas ini akan jatuh tempo pada             Rp255,375,000. This facility will mature in 2029 or
   tahun 2029 atau 60 bulan sejak penandatangaan                  60 months from the signing of the credit agreement.
   perjanjian kredit.




                                                        160
Page 476
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                   STATEMENTS
            Tanggal 31 Desember 2024                                         As of December 31, 2024
           dan untuk tahun yang berakhir                                     and for year then ended
               pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
              kecuali dinyatakan lain)


43.   PERISTIWA      SETELAH      TANGGAL       NERACA         43.   SUBSEQUENT EVENTS (continued)
      (lanjutan)

      Peraturan Pemerintah No 8 Tahun 2025 tentang                   Government Regulation No. 8, 2025 concerning
      Devisa Hasil Ekspor - Sumber Daya Alam                         Export Proceeds in Natural Resources

      Dimulai dari tanggal 1 Maret 2025, Peraturan                   Effective from March 1, 2025, Government
      Pemerintah No 8 Tahun 2025 tentang Devisa Hasil                Regulation No. 8, of 2025 concerning Export
      Ekspor - Sumber Daya Alam berlaku efektif.                     Proceeds in Natural Resources will come into effect.
      Peraturan ini mengatur tentang eksportir yang                  This regulation governs exporters engaged in the
      bergerak di bidang sumber daya alam (SDA) dengan               natural resources (SDA) sector with a minimum
      nilai   ekspor     minimal   AS$250.000     wajib              export value of US$250,000, requiring them to place
      menempatkan seluruh devisa hasil ekspor (100%) ke              100% of their export proceeds into the Indonesian
      dalam sistem keuangan Indonesia sejak penempatan               Financial System for a period of one year.
      selama setahun.

      Fasilitas Kredit PT Citra Borneo Utama Tbk. (“CBUT”)           Credit Facility of PT Citra Borneo Utama Tbk.
                                                                     (“CBUT”)".
      Pada tanggal 6 Maret 2025, CBUT dan PT Bank                    On March 6, 2025, CBUT and PT Bank Rakyat
      Rakyat Indonesia (Persero) Tbk. sepakat untuk                  Indonesia (Persero) Tbk. agreed to amend the
      merubah pembatasan-pembatasan dan kewajiban                    restrictions and obligations of the Bank Loan that
      Pinjaman Bank yang harus dipenuhi oleh                         must be fulfilled by the Company, which include the
      Perusahaan, yang meliputi:                                     following:
       - Interest Coverage Ratio tidak kurang dari 125%.               - Interest Coverage Ratio not less than 125%.
       - Rasio Coverage aktiva lancar tidak kurang dari                - Current Assets Coverage Ratio not less than
         130%.                                                            130%.
       - Pencairan KMK W/A akan dihentikan sementara                   - The drawdown of KMK W/A will be temporarily
         apabila rasio coverage aktiva lancar tidak kurang                halted if the Current Assets Coverage Ratio is
         dari 130%                                                        less than 130%.

      Fasilitas Kredit KMK Cash Collateral Devisa Hasil              The Credit Facility for KMK Cash Collateral for
      Ekspor No. 009/2024 tanggal 29 Januari 2024                    Export Proceeds No. 009/2024 dated January 29,
      dengan PT Bank Rakyat Indonesia (Persero) Tbk,                 2024, with PT Bank Rakyat Indonesia (Persero)
      diubah dengan Surat Penawaran Putusan Kredit                   Tbk, was amended by the Credit Decision Offer
      No. R.II.23-CRO/COD/LAT/02/2025           tanggal              Letter No. R.II.23-CRO/COD/LAT/02/2025 dated
      3 Februari 2025, dimana masa berlaku perjanjian                February 3, 2025, where the validity period of the
      diperpanjang sampai dengan tanggal 29 Januari                  agreement is extended until January 29, 2026.
      2026.

      Hasil pengajuan banding atas Surat Ketetapan Pajak             The result of the appeal against the Tax
      Kurang Bayar (SKPKB) Pajak Penghasilan Badan                   Underpayment Assessment Letter (SKPKB) for
      tahun 2019 – PT Citra Borneo Utama Tbk. (“CBUT”)               Corporate Income Tax for the year 2019 – PT Citra
                                                                     Borneo Utama Tbk. (“CBUT”)

      Pada tanggal 16 Januari 2025, Pengadilan Pajak                 On January 16, 2025, the Tax Court rejected the
      menolak banding yang diajukan CBUT terkait Surat               appeal submitted by CBUT regarding the Tax
      Ketetapan Pajak Kurang Bayar dari Direktorat                   Underpayment Assessment Letter from the
      Jenderal Pajak yang menyatakan kurang bayar pajak              Directorate General of Taxes, which stated an
      penghasilan badan tahun fiskal 2019 sebesar                    underpayment of corporate income tax for the fiscal
      Rp3.786.000. CBUT telah mengajukan peninjauan                  year 2019 amounting to Rp3,786,000. CBUT has
      kembali kepada Mahkamah Agung.                                 filed for a judicial review to the Supreme Court.




                                                         161
Page 477
                                                          The original consolidated financial statements included herein
                                                                                        are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                             PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                            NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                              STATEMENTS
         Tanggal 31 Desember 2024                                    As of December 31, 2024
        dan untuk tahun yang berakhir                                and for year then ended
            pada tanggal tersebut                               (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                               unless otherwise stated)
           kecuali dinyatakan lain)


44. INFORMASI LAINNYA                                     44. OTHER INFORMATION

   Provisi Sumber Daya Hutan (PSDH) dan Dana                  Billing Letter for for forest resource provision
   Reboisasi (DR)                                             (PSDH) and and reforestation fund (DR)

   Pada bulan Januari 2024, Perseroan dan                     In January 2024, the Company and certain
   beberapa entitas anak menerima Surat Tagihan               subsidiaries received a Billing Letter for PSDH and
   atas PSDH dan DR dari kementrian Lingkungan                and DR from the Ministry of Environment and
   Hidup dan Kehutanan (KLHK) Republik Indonesia.             Forestry (KLHK) of Republic of Indonesia.

   Pada Februari 2024, Perseroan dan beberapa                 In February 2024, the Company and certain
   entitas anak tersebut telah mengirimkan surat              subsidiaries sent letters to the KLHK to discuss the
   balasan kepada KLHK untuk mendiskusikan                    extent of the land listed in the PSDH and DR billing
   luasan areal yang tercantum di dalam surat                 letters. In December 2024 and January 2025, the
   tagihan PSDH dan DR. Pada Desember 2024 dan                Company and certain subsidiaries made payments
   Januari 2025, Perseroan dan beberapa entitas               on the related billing letter amounting to
   anak telah melakukan pembayaran atas tagihan               Rp145,969,330.
   tersebut sebesar Rp145.969.330.

   Perseroan dan beberapa entitas anak telah                  The Company and certain subsidiaries have
   mencatat tagihan tersebut sebagai bagian dari              recorded the related billing as part of insurance and
   beban asuransi dan perizinan pada laporan laba             permits expenses in the current year consolidated
   rugi dan penghasilan komprehensif lainnya                  statement of profit or loss and other comprehensive
   konsolidasian tahun berjalan.                              income.




                                                    162
Page 478
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                       STATEMENTS
               Tanggal 31 Desember 2024                                             As of December 31, 2024
              dan untuk tahun yang berakhir                                         and for year then ended
                  pada tanggal tersebut                                        (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                        unless otherwise stated)
                 kecuali dinyatakan lain)


 45. INFORMASI KEUANGAN ENTITAS INDUK                               45. FINANCIAL INFORMATION OF PARENT ENTITY
       Berikut ini adalah Informasi Keuangan terpisah PT                The following is separate PT Sawit Sumbermas Sarana
       Sawit Sumbermas Sarana Tbk. (Entitas Induk),                     Tbk. (the Parent Entity)’s Financial Information,
       terdiri dari laporan posisi keuangan Entitas Induk               consisting of the statement of financial position of the
       pada tanggal 31 Desember 2024 dan laporan laba                   Parent Entity as of December 31, 2024 and statements
       rugi dan penghasilan komprehensif lain, laporan                  of profit or loss and other comprehensive income,
       perubahan ekuitas dan arus kas Entitas Induk terkait             changes in equity and cash flows of the Parent Entity
       untuk tahun yang berakhir 31 Desember 2024 dan                   for the year ended December 31, 2024 and a summary
       ikhtisar kebijakan akuntansi signifikan. Informasi               of significant accounting policies. The Parent Entity’s
       Keuangan Entitas Induk disajikan sebagai informasi               Financial Information is presented as supplementary
       tambahan        terhadap      laporan    keuangan                information to the consolidated financial statements of
       konsolidasian Kelompok Usaha pada tanggal                        the Group as of December 31, 2024 and for the year
       31 Desember 2024 dan untuk tahun yang berakhir                   then ended. The separate financial information does
       pada tanggal tersebut. Informasi keuangan terpisah               not reflect the impact of pooling-of-interests method as
       tidak mencerminkan dampak metode penyatuan                       set out in PSAK 338.
       kepemilikan sebagaimana dipersyaratkan dalam
       PSAK 338.



          PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
              LAPORAN POSISI KEUANGAN                                                  STATEMENT OF
                   ENTITAS INDUK                                              FINANCIAL POSITION OF THE PARENT

                                                                Disajikan kembali-Catatan D/
                                                                   As restated - Note D

                                     31 Desember/         31 Desember/         31 Desember/
                                   December 31, 2024   December 31, 2023     December 31, 2022

ASET                                                                                                                         ASSETS
ASET LANCAR                                                                                                      CURRENT ASSETS
Kas dan setara kas                        50.294.807           33.775.021          419.261.203             Cash and cash equivalents
Piutang usaha                                                                                                       Trade receivables
   Pihak berelasi                        173.982.824          260.535.089          293.654.422                       Related parties
   Pihak ketiga                                    -                   13                    -                          Third parties
Piutang lain-lain                                                                                                    Other receivables
   Pihak berelasi                        610.657.106          539.239.958          614.918.862                       Related parties
   Pihak ketiga                            2.774.486              715.519            6.826.490                          Third parties
Persediaan                                53.585.912           52.905.066          159.513.172                              Inventories
Aset biologis                            138.146.537           76.217.269           64.452.324                        Biological assets
Pinjaman kepada pihak berelasi             2.000.000           39.749.980          100.035.989                 loans to related parties
Biaya dibayar dimuka                       1.391.122            1.117.792              924.659                            prepayments
Uang muka kepada pihak ketiga                805.672            2.604.818            4.231.275                 advance to third parties
Pajak dibayar dimuka                       4.022.633           15.511.058           15.708.181                           prepaid taxes
Taksiran tagihan restitusi pajak                                                                         Estimated claim for tax refund
   Jangka pendek                                   -             692.538                       -                              current

JUMLAH ASET LANCAR                     1.037.661.099        1.023.064.121        1.679.526.577            TOTAL CURRENT ASSETS




                                                              163
Page 479
                                                                                  The original consolidated financial statements included herein
                                                                                                                are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                                   STATEMENTS
              Tanggal 31 Desember 2024                                                         As of December 31, 2024
             dan untuk tahun yang berakhir                                                     and for year then ended
                 pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
                kecuali dinyatakan lain)


 45. INFORMASI           KEUANGAN             ENTITAS          INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
     (lanjutan)                                                                      (continued)
          PT SAWIT SUMBERMAS SARANA Tbk.                                                 PT SAWIT SUMBERMAS SARANA Tbk.
              LAPORAN POSISI KEUANGAN                                                             STATEMENT OF
                ENTITAS INDUK (lanjutan)                                                 FINANCIAL POSITION OF THE PARENT
                                                                                                    (continued)
                                                                        Disajikan kembali - Catatan D/
                                                                           As restated - Note D

                                             31 Desember/          31 Desember/           31 Desember/
                                           December 31, 2024    December 31, 2023       December 31, 2022

ASET TIDAK LANCAR                                                                                                        NON-CURRENT ASSETS
Taksiran tagihan restitusi pajak                  71.549.680            102.231.098            57.424.255            Estimated claims for tax refund
Aset tetap dan tanaman produktif                 651.740.758            663.763.705           607.564.806            Fixed assets and bearer plants
Aset tak berwujud, neto                            1.189.191              1.947.578             3.437.439                     Intangible assets, net
Aset hak guna, neto                               52.555.260             49.840.672            17.415.656                   Right of use assets, net
Pinjaman jangka panjang                                                                                                Long-term convertible loan to
   kepada pihak berelasi yang
   dapat di konversi                                       -             219.473.951        3.611.628.886                          a related party
Investasi saham                               10.123.075.162           9.171.468.313        6.265.092.222            Investment in shares of stock
Aset pajak tangguhan, neto                       122.982.626              55.051.527           35.760.237                  Deferred tax assets, net
Piutang plasma                                                                                                                  Plasma receivable
   setelah dikurangi dengan                                                                                                      after net off with
   penyisihan penurunan nilai                                                                                          allowance for impairment
   2024: Rp5.290.386 (2023: Rp8.661.991;                                                                  2024: Rp5,290,386 (2023: Rp8,661,991;
   2022: RpNihil)                                 50.091.658             50.727.353            49.809.321                          2022: RpNihil)
Aset tidak lancar lainnya                         14.797.663             20.880.839            57.330.390                Other non-current assets

JANGKA ASET TIDAK LANCAR                      11.087.981.998        10.335.385.036         10.705.463.212         TOTAL NON-CURRENT ASSETS

JUMLAH ASET                                   12.125.643.097        11.358.449.157         12.384.989.789                           TOTAL ASSETS

LIABILITAS DAN EKUITAS                                                                                                   LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK                                                                                                   CURRENT LIABILITIES
Utang usaha                                                                                                                          Trade payables
   Pihak ketiga                                    6.361.174             13.815.895             6.715.819                             Third parties
   Pihak berelasi                                107.267.867            159.973.783            60.092.640                          Related parties
Utang pajak                                       52.160.190              5.245.567             8.408.632                             Taxes payable
Beban akrual                                     110.552.000             27.150.737            33.078.615                         Accrued expenses
Utang lain-lain                                                                                                                       Other payables
   Pihak ketiga                                  127.206.160            181.044.651           288.643.661                             Third parties
   Pihak berelasi                                839.418.589            750.275.997           696.708.624                          Related parties
Liabilitas kontrak                                29.765.331              2.000.000                     -                          Contract liabilities
Liabilitas sewa jangka pendek                      9.036.906             10.271.747             1.207.710                 Short-term lease liabilities
Liabilitas imbalan kerja                                                                                                Short-term employee benefit
   karyawan jangka pendek                         62.492.191             48.746.650            61.771.585                                 liabilities
Utang bank jangka pendek                          32.351.772             43.139.886                     -                       Short-term bank loan
Utang bank jangka panjang                                                                                                        Current maturities of
   jatuh tempo dalam satu tahun                  461.434.675            437.500.864           513.862.495                      ong-term bank loan
Utang sewa pembiayaan konsumen                                                                                             Consumer finance lease
   jatuh tempo dalam satu tahun                    2.156.967                399.347                      -                                liabilities
Pinjaman jangka pendek                                                                                                               Short-term loan
   dari pihak berelasi                         1.133.735.087            982.625.051            43.800.000                      from related parties

JUMLAH LIABILITAS
JANGKA PENDEK                                  2.973.938.909           2.662.190.175        1.714.289.781           TOTAL CURRENT LIABILITIES




                                                                        164
Page 480
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                              STATEMENTS
              Tanggal 31 Desember 2024                                                    As of December 31, 2024
             dan untuk tahun yang berakhir                                                and for year then ended
                 pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
                kecuali dinyatakan lain)


 45. INFORMASI            KEUANGAN      ENTITAS          INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
     (lanjutan)                                                                (continued)

          PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
              LAPORAN POSISI KEUANGAN                                                        STATEMENT OF
                ENTITAS INDUK (lanjutan)                                            FINANCIAL POSITION OF THE PARENT
                                                                                               (continued)

                                                                    Disajikan kembali- Catatan D/
                                                                       As restated - Note D

                                       31 Desember/          31 Desember/            31 Desember/
                                     December 31, 2024    December 31, 2023        December 31, 2022


LIABILITAS JANGKA PANJANG                                                                                    NON-CURRENT LIABILITIES
Utang bank jangka panjang -
   setelah dikurangi bagian jatuh                                                                                      Long-term bank loan
   tempo dalam satu tahun                2.499.741.089           2.950.729.030         3.031.229.068             net of current maturities
Liabilitas sewa jangka panjang              43.451.576              31.769.387            10.120.456              Long-term lease liabilities
Utang lain-lain pihak berelasi                                                                                         Long-term loan from
   jangka panjang                          323.786.006            308.840.804            974.717.471                       a related party
Liabilitas imbalan kerja                                                                                       Long-term employee benefit
   karyawan jangka panjang                  74.750.090             72.815.596             60.368.568                              liabilites

TOTAL LIABILITAS                                                                                                   TOTAL NON-CURRENT
JANGKA PANJANG                           2.941.728.761           3.364.154.817         4.076.435.563                       LIABILITIES

TOTAL LIABILITAS                         5.915.667.670           6.026.344.992         5.790.725.344                   TOTAL LIABILITIES



EKUITAS                                                                                                                              EQUITY
Ekuitas yang dapat                                                                                                      Equity attributable to
  diatribusikan kepada                                                                                                    owners equity of
  pemilik entitas induk                                                                                                   the parent entity
Modal saham                                                                                                                     Share capital
  Modal dasar - 32.100.000.000                                                                                                Authorized -
      lembar saham                                                                                             32,100,000,000 shares
      nilai nominal Rp100                                                                                     at par value per share of
      (nilai penuh) per saham                                                                                      Rp100 (full amount)
  Modal ditempatkan dan disetor                                                                                     Issued and fully paid -
      penuh - 9.525.000.000 lembar                                                                                       9,525,000,000
      saham                                952.500.000            952.500.000            952.500.000                             shares
Tambahan modal disetor                     818.560.115            818.560.115            818.560.115                Additional paid-in capital
Saldo laba                                                                                                                 Retained earnings
  Sudah ditentukan penggunaannya         1.858.474.778           1.340.160.714           970.536.918                         Appropriated
  Belum ditentukan penggunaannya         2.280.648.312           1.979.428.701         3.616.933.978                       Unappropriated
Penghasilan komprehensif lain              609.411.859             551.074.272           545.353.071          Other comprehensive income
Komponen ekuitas lainnya                  (309.619.637)           (309.619.637)         (309.619.637)                Other equity component

TOTAL EKUITAS                            6.209.975.427           5.332.104.165         6.594.264.445                        TOTAL EQUITY

TOTAL LIABILITAS                                                                                                       TOTAL LIABILITIES
DAN EKUITAS                             12.125.643.097        11.358.449.157          12.384.989.789                        AND EQUITY




                                                                  165
Page 481
                                                                      The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2024                                                 As of December 31, 2024
          dan untuk tahun yang berakhir                                             and for year then ended
              pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
             kecuali dinyatakan lain)


45. INFORMASI          KEUANGAN      ENTITAS     INDUK                45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                            (continued)

      PT SAWIT SUMBERMAS SARANA Tbk.                                        PT SAWIT SUMBERMAS SARANA Tbk.
    LAPORAN LABA RUGI DAN PENGHASILAN                                    STATEMENT OF PROFIT OR LOSS AND OTHER
      KOMPREHENSIF LAIN ENTITAS INDUK                                     COMPREHENSIVE INCOME OF THE PARENT


                                                                   Disajikan kembali-Catatan D/
                                                                        As restated - Note D


                                               2024                  2023               2022
PENDAPATAN DARI KONTRAK                                                                                         REVENUE FROM
  DENGAN PELANGGAN                         1.515.003.699        1.504.887.883         1.942.979.487 CONTRACTS WITH CUSTOMERS
BEBAN POKOK PENJUALAN                       (841.645.413)      (1.056.336.269)         (964.756.502)            COST OF SALES

LABA BRUTO                                     673.358.286          448.551.614         978.222.985                     GROSS PROFIT

Beban penjualan                                          -          (24.122.604)         (62.851.821)                    Selling expenses
Beban umum dan                                                                                                 General and administrative
  administrasi                              (509.446.228)          (400.777.490)       (424.079.253)                           expenses
Keuntungan/(kerugian) atas                                                                                    Gain/(loss) from changes in
  nilai wajar aset biologis                     61.929.267           11.764.946          (57.200.672)    fair value of biological assets
Bagian laba/(rugi)                                                                                             Equity in net income/(loss)
  bersih entitas anak                      1.029.394.827            626.682.505       1.674.427.994                     of subsidiaries
Pendapatan/(beban) lain-lain, neto             8.994.357              3.687.673        (124.511.126)       Other income/(expenses), net
LABA USAHA                                 1.264.230.509            665.786.644       1.984.008.107               OPERATING PROFIT
Pendapatan keuangan                            5.411.425            300.808.538         317.714.368                      Finance income
Beban keuangan                              (458.751.101)          (462.404.500)       (422.032.443)                       Finance costs
LABA SEBELUM                                                                                            PROFIT BEFORE CORPORATE
  PAJAK PENGHASILAN BADAN                      810.890.833          504.190.682       1.879.690.032                 INCOME TAX


PAJAK PENGHASILAN BADAN                          8.642.843            8.064.955          (42.314.062)      CORPORATE INCOME TAX


LABA TAHUN BERJALAN                            819.533.676          512.255.637       1.837.375.970           PROFIT FOR THE YEAR

Efek penyesuaian proforma                                -     (1.069.191.117)          373.197.138        Effect of proforma adjustment
LABA/(RUGI) TAHUN BERJALAN                                                                              PROFIT/(LOSS) FOR THE YEAR
 SEBELUM EFEK                                                                                                  BEFORE EFFECT OF
 PENYESUAIAN PROFORMA                          819.533.676         (556.935.480)      2.210.573.108      PROFORMA ADJUSTMENT

PENGHASILAN/(RUGI) KOMPREHENSIF                                                                              OTHER COMPRHENSIVE
  LAIN                                          58.862.856           (2.681.346)         (23.339.303)             INCOME/(LOSS)

Efek penyesuaian proforma                                                                                  Effect of proforma adjustment
  atas penghasilan                                                                                          from other comprehensive
  komprehensif lain                                      -           11.017.567          (43.237.334)                          income
TOTAL LABA KOMPREHENSIF                                                                                   TOTAL COMPREHENSIVE
  TAHUN BERJALAN SETELAH                                                                            INCOME FOR THE YEAR AFTER
  PENYESUAIAN PROFORMA                         878.396.532         (548.599.259)      2.143.996.471     PROFORMA ADJUSTMENT




                                                             166
Page 482
                                                                                                                                The original consolidated financial statements included herein are in the Indonesian language.




                                   PT SAWIT SUMBERMAS SARANA Tbk.                                                                                         PT SAWIT SUMBERMAS SARANA Tbk.
                                          DAN ENTITAS ANAKNYA                                                                                                   AND ITS SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED
                                              KONSOLIDASIAN                                                                                                    FINANCIAL STATEMENTS
                                         Tanggal 31 Desember 2024                                                                                               As of December 31, 2024
                                       dan untuk tahun yang berakhir                                                                                            and for year then ended
                                           pada tanggal tersebut                                                                                           (Expressed in thousands of Rupiah,
                                      (Disajikan dalam ribuan Rupiah,                                                                                           unless otherwise stated)
                                           kecuali dinyatakan lain)


 45. INFORMASI KEUANGAN ENTITAS INDUK (lanjutan)                                                                                45. FINANCIAL INFORMATION OF PARENT ENTITY (continued)

                                                                                     PT SAWIT SUMBERMAS SARANA Tbk.
                                                                                 LAPORAN PERUBAHAN EKUITAS ENTITAS INDUK/
                                                                            STATEMENT OF CHANGES IN EQUITY OF THE PARENT ENTITY
                                               Modal
                                         ditempatkan dan                                   Penghasilan       Komponen                 Saldo laba/Retained earnings
                                          disetor penuh/            Tambahan              komprehensif         ekuitas
                                            Issued and             modal disetor/           lain/Other         lainnya/              Ditentukan         Belum ditentukan
                                             fully paid              Additional          comprehensive       Other equity          penggunaannya/       penggunaannya/        Total/
                                           Share capital           paid-in capital            income         component              appropriated         unappropriated       Total

Saldo 31 Desember 2021                        952.500.000              818.560.115            60.147.217       (309.619.637 )           665.162.743          995.068.369     3.181.818.807              Balance at December 31, 2021

Penyesuaian atas metode ekuitas                                -                     -       501.551.417                    -                       -       2.191.087.669    2.692.639.086           Adjustment related to equity method

Saldo 31 Desember 2021
    - disajikan kembali – Catatan D           952.500.000              818.560.115           601.514.664       (309.619.637 )           665.162.743         3.186.156.038    5.914.273.923              Balance at December 31, 2021

Penyesuaian efek ekuitas                                                                                                                                                                                         Adjustment of effect of
    merging entities yang timbul                                                                                                                                                                          merging entities equity from
    dari penerapan PSAK 338                                -                         -        (43.237.334)                  -                       -        373.197.138       329.959.804                   application of PSAK 338

Rugi komprehensif lain                                     -                         -        (23.339.303)                  -                       -                   -      (23.339.303)                 Other comprehensive losses

Cadangan umum                                              -                         -                   -                  -           305.374.175          (305.374.175)                -                           General reserves

Efek translasi                                             -                         -        10.415.044                    -                       -                   -       10.415.044                            Translation effect

Pembagian dividen                                          -                         -                   -                  -                       -      (1.474.420.993)   (1.474.420.993)                       Dividend distribution

Total laba tahun yang berakhir                                                                                                                                                                             Total profit for the year ended
   pada tanggal 31 Desember 2022                           -                         -                   -                  -                       -       1.837.375.970    1.837.375.970                        December 31, 2022

Saldo 31 Desember 2022                                                                                                                                                                                  Balance at December 31, 2021
    - disajikan kembali – Catatan D           952.500.000              818.560.115           545.353.071       (309.619.637 )           970.536.918         3.616.933.978    6.594.264.445                   - as restated – Note D




                                                                                                                   167
Page 483
                                                                                                                            The original consolidated financial statements included herein are in the Indonesian language.



                                   PT SAWIT SUMBERMAS SARANA Tbk.
                                          DAN ENTITAS ANAKNYA                                                                                         PT SAWIT SUMBERMAS SARANA Tbk.
                                   CATATAN ATAS LAPORAN KEUANGAN                                                                                            AND ITS SUBSIDIARIES
                                              KONSOLIDASIAN                                                                                              NOTES TO THE CONSOLIDATED
                                         Tanggal 31 Desember 2024                                                                                          FINANCIAL STATEMENTS
                                       dan untuk tahun yang berakhir                                                                                        As of December 31, 2024
                                           pada tanggal tersebut                                                                                            and for year then ended
                                      (Disajikan dalam ribuan Rupiah,                                                                                  (Expressed in thousands of Rupiah,
                                           kecuali dinyatakan lain)                                                                                         unless otherwise stated)


 45. INFORMASI KEUANGAN ENTITAS INDUK (lanjutan)                                                     45. FINANCIAL INFORMATION OF PARENT ENTITY (continued)
                                                                                 PT SAWIT SUMBERMAS SARANA Tbk.
                                                                             LAPORAN PERUBAHAN EKUITAS ENTITAS INDUK/
                                                                        STATEMENT OF CHANGES IN EQUITY OF THE PARENT ENTITY
                                               Modal
                                         ditempatkan dan                               Penghasilan       Komponen                 Saldo laba/Retained earnings
                                          disetor penuh/        Tambahan              komprehensif         ekuitas
                                            Issued and         modal disetor/           lain/Other         lainnya/              Ditentukan         Belum ditentukan
                                             fully paid          Additional          comprehensive       Other equity          penggunaannya/       penggunaannya/        Total/
                                           Share capital       paid-in capital            income         component              appropriated         unappropriated       Total

Saldo 31 Desember 2022                                                                                                                                                                              Balance at December 31, 2022
    - disajikan kembali – Catatan D           952.500.000          818.560.115           545.353.071       (309.619.637 )           970.536.918         3.616.933.978    6.594.264.445                   - as restated – Note D
Penyesuaian efek ekuitas                                                                                                                                                                                    Adjustment of effect of
    merging entities yang timbul                                                                                                                                                                     merging entities equity from
    dari penerapan PSAK 338                                -                     -        11.017.567                    -                       -      (1.069.191.118)   (1.058.173.551)                application of PSAK 338
Rugi komprehensif lain                                     -                     -         (2.681.346)                  -                       -                   -        (2.681.346)                 Other comprehensive loss
Efek translasi                                             -                     -         (2.615.020)                  -                       -                   -        (2.615.021)                         Translation effect
Cadangan umum                                              -                     -                   -                  -           369.623.796          (369.623.796)                -                          General reserves
Pembagian dividen                                          -                     -                   -                  -                       -        (710.946.000)    (710.946.000)                       Dividend distribution
Total laba tahun yang berakhir                                                                                                                                                                        Total profit for the year ended
   pada tanggal 31 Desember 2023                           -                     -                   -                  -                       -        512.255.637       512.255.637                       December 31, 2023

Saldo 31 Desember 2023                                                                                                                                                                              Balance at December 31, 2023
    - disajikan kembali - Catatan D           952.500.000          818.560.115           551.074.272       (309.619.637 )         1.340.160.714         1.979.428.701    5.332.104.165                  - As restated – Note D
Laba komprehensif lain                                     -                     -        58.862.856                    -                       -                   -       58.862.856                Other comprehensive income
Efek translasi                                             -                     -          (525.269)                   -                       -                   -         (525.269)                           Translation effect
Cadangan umum                                              -                     -                   -                  -           518.314.064          (518.314.064)                -                          General reserves
Total laba tahun yang berakhir                             -                     -                   -                  -                       -        819.533.676       819.533.676                Total profit for the year ended
   pada tanggal 31 Desember 2024                                                                                                                                                                             December 31, 2024

Saldo 31 Desember 2024                        952.500.000          818.560.115           609.411.859       (309.619.637 )         1.858.474.778         2.280.648.312    6.209.975.427              Balance at December 31, 2024




                                                                                                               168
Page 484
                                                                     The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language

        PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                               As of December 31, 2024
            dan untuk tahun yang berakhir                                           and for year then ended
                pada tanggal tersebut                                          (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
               kecuali dinyatakan lain)


 45. INFORMASI         KEUANGAN          ENTITAS    INDUK           45. FINANCIAL INFORMATION OF PARENT ENTITY
     (lanjutan)                                                         (continued)
        PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
        LAPORAN ARUS KAS ENTITAS INDUK                               STATEMENT OF CASH FLOWS OF THE PARENT

                                                       Tahun yang Berakhir
                                                    pada Tanggal 31 Desember/
                                                    Years Ended December 31,

                                                     2024               2023

ARUS KAS DARI AKTIVITAS                                                                                  CASH FLOWS FROM
OPERASI :                                                                                           OPERATING ACTIVITIES :
Penerimaan kas dari pelanggan                      1.629.321.308      1.540.007.216               Cash received from customers
Pembayaran kas kepada pemasok                       (809.537.461)      (805.022.418)                     Cash paid to suppliers
Pembayaran kas kepada karyawan                      (290.763.756)      (331.125.076)                    Cash paid to employees
Kas yang dihasilkan dari operasi                    529.020.091         403.859.722               Cash resulting from operations
Penghasilan bunga yang diterima                     134.734.265          68.103.384                    Interest income received
Pembayaran pajak penghasilan badan                   (5.986.343)        (77.616.634)           Payments of corporate income tax
Penerimaan dari restitusi pajak                      24.921.018          22.178.938            Cash received from tax restitution
Penerimaan dari                                                                                   Cash received from estimated
  restitusi PPN                                       21.806.318         67.194.552                        claim for tax refund
Beban keuangan yang dibayar                         (453.628.741)      (455.109.749)                           Finance cost paid
Kas neto yang diperoleh dari                                                                              Net cash provided by
  aktivitas operasi                                 250.866.608          28.610.213                      operating activities
ARUS KAS DARI                                                                                             CASH FLOWS FROM
AKTIVITAS INVESTASI :                                                                                INVESTING ACTIVITIES :
Pemberian dana                                                                                                      Cash paid to
  dari pihak berelasi, neto                         (328.600.000)      (425.282.360)                      related parties, net
Perolehan aset tetap                                 (69.191.175)      (134.211.643)                 Acquisitions of fixed assets
Pembayaran kembali dari pihak berelasi               366.349.980        659.118.876              Repayment from related parties
Penambahan biaya pengembangan                                                                      Addition development cost of
  plasma                                             (23.338.870)        (17.166.866)                                  plasma
Penerimaan dari pembiayaan kembali                                                                 Cash receipt from refinancing
  plasma                                             13.919.544          10.006.074                                    plasma
Pembayaran uang muka atas                                                                       Advance payment of purchase of
  pembelian aset tetap                                (2.066.026)         (2.165.441)                             fixed asset
Kas neto yang (digunakan untuk)                                                                             Net cash (used in)/
  /diperoleh dari                                                                                               provided by
  aktivitas investasi                                (42.926.547)        90.298.640                      investing activities

ARUS KAS DARI                                                                                            CASH FLOWS FROM
AKTIVITAS PENDANAAN :                                                                                FINANCING ACTIVITIES :
Penerimaan kas dari pihak berelasi                   255.197.830        326.515.757           Cash received from related parties
Penerimaan utang bank                                136.573.875         43.139.886            Cash received for bank loan, net
Pembayaran utang bank                               (574.416.119)      (160.854.826)                Cash paid for bank loan, net
Pembayaran dividen                                             -       (710.946.000)                      Payments of dividend
Pembayaran liabilitas sewa                            (8.775.861)        (2.249.852)             Repayments of lease liabilities
Kas neto yang digunakan untuk                                                                                 Net cash used in
  aktivitas pendanaan                               (191.420.275)      (504.395.035)                     financing activities
KENAIKAN/(PENURUNAN) NETO                                                                      NET INCREASE/(DECREASE)
  KAS DAN SETARA KAS                                 16.519.786        (385.486.182)      CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS                                                                             CASH AND CASH EQUIVALENT
  AWAL TAHUN                                         33.775.021         419.261.203              AT BEGINNING OF YEAR
KAS DAN SETARA KAS                                                                           CASH AND CASH EQUIVALENTS
  AKHIR TAHUN                                        50.294.807          33.775.021                   AT END OF YEAR




                                                              169
Page 485
                                                                The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                               FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                           As of December 31, 2024
         dan untuk tahun yang berakhir                                       and for year then ended
             pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
            kecuali dinyatakan lain)


45. INFORMASI     KEUANGAN        ENTITAS     INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                      (continued)

     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
              ENTITAS INDUK                                                OF THE PARENT ENTITY

A. IKHTISAR KEBIJAKAN           AKUNTANSI       YANG            A. SUMMARY         OF    SIGNIFICANT        ACCOUNTING
   SIGNIFIKAN                                                      POLICIES

   Dasar penyusunan informasi keuangan entitas                     Basis of preparation of the parent entity
   induk                                                           financial information

   PSAK 227 mengatur dalam hal Entitas Induk                       PSAK 227 regulates that when a Parent Entity
   memilih untuk menyajikan laporan keuangan                       elected to present the separate financial statements,
   tersendiri maka laporan tersebut hanya dapat                    such financial statements should be presented as
   disajikan sebagai informasi tambahan dalam laporan              supplementary information to the consolidated
   keuangan konsolidasian. Laporan keuangan                        financial statements. Separate financial statements
   tersendiri adalah laporan keuangan yang disajikan               are those presented by a parent, in which the
   oleh entitas induk yang mencatat investasi pada                 investments in subsidiaries, associate entity and
   entitas anak, entitas asosiasi, dan pengendalian                joint control entity are accounted for on the basis of
   bersama entitas berdasarkan kepemilikan ekuitas                 the direct equity interest rather than on the basis of
   langsung bukan berdasarkan pelaporan hasil dan                  the reported results and net assets of the investee.
   aset neto investee.

   Kebijakan akuntansi yang diterapkan dalam                       Accounting policies adopted in the preparation of the
   penyusunan Informasi keuangan Entitas Induk                     parent entity financial information are the same as
   adalah sama dengan kebijakan akuntansi yang                     the accounting policies adopted in the preparation of
   diterapkan dalam penyusunan laporan keuangan                    the Group’s consolidated financial statements as
   konsolidasian Kelompok Usaha sebagaimana                        disclosed in Note 2 to the consolidated financial
   diungkapkan dalam Catatan 2 atas laporan                        statements, except for investments in subsidiaries.
   keuangan konsolidasian, kecuali untuk penyertaan
   pada entitas anak.

   Penyertaan saham pada entitas anak dicatat pada                 Investments in shares of stock of subsidiaries are
   biaya perolehan. Entitas induk mengakui dividen dari            accounted for at acquisition cost. The parent entity
   entitas anak pada laporan laba rugi entitas induk               recognizes dividend from subsidiaries in the Parent
   ketika hak menerima dividen ditetapkan.                         entity’s profit and loss when its right to receive the
                                                                   dividend is established.




                                                          170
Page 486
                                                                               The original consolidated financial statements included herein
                                                                                                              are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                    PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                            As of December 31, 2024
         dan untuk tahun yang berakhir                                                        and for year then ended
             pada tanggal tersebut                                                       (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                       unless otherwise stated)
            kecuali dinyatakan lain)


45. INFORMASI        KEUANGAN              ENTITAS          INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                    (continued)

     CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
          ENTITAS INDUK (lanjutan)                                                     OF THE PARENT ENTITY (continued)

B. PENYERTAAN SAHAM                                                           B. INVESTMENTS IN SHARES OF STOCK

   Pada tanggal 31 Desember 2024, 2023, dan 2022,                                    As of December 31, 2024, 2023, and 2022, the
   Entitas induk memiliki penyertaan saham pada                                      parent entity has the following invesments in shares
   entitas anak berikut:                                                             of stock as follows:
                                                                      Disajikan kembali-Catatan D/
                                                                                     As restated - Note D


                                        31 Desember 2024/     31 Desember 2023/      31 Desember 2022/
                                        December 31, 2024     December 31, 2023      December 31, 2022

   Entitas anak                                                                                                                    Subsidiaries
    PT Citra Borneo Utama Tbk.              3.872.373.732           4.306.834.227        1.898.855.643          PT Citra Borneo Utama Tbk.
    PT Mitra Mendawai Sejati                1.222.979.959           1.065.045.640        1.036.578.051             PT Mitra Mendawai Sejati
    PT Kalimatan Sawit Abadi                3.784.174.805           2.999.539.077        2.527.811.213             PT Kalimatan Sawit Abadi
    SSMS Plantations Holding Pte Ltd.         100.720.386             114.873.893           75.066.473      SSMS Plantations Holding Pte Ltd.

   Entitas asosiasi                                                                                                           Associated entity
    PT Surya Borneo Industri                  652.827.682            685.175.476           726.780.842              PT Surya Borneo Industri
       Total                               10.123.075.162           9.171.468.313        6.265.092.222                                  Total


C. SALDO DAN             TRANSAKSI             DENGAN         PIHAK                 C. BALANCE AND TRANSACTIONS                             WITH
   BERELASI                                                                            RELATED PARTIES
   Detail saldo dengan pihak berelasi adalah                                   Balance with related parties, are as follows:
   sebagai berikut:
                                        31 Desember 2024/     31 Desember 2023/      31 Desember 2022/
                                        December 31, 2024     December 31, 2023      December 31, 2022
       Piutang usaha - lancar                                                                                           Trade receivables - current
          - dalam Rupiah                                                                                                               - in Rupiah
       Entitas yang memiliki pengaruh                                                                                   Entity which has significant
          signifikan terhadap Kelompok Usaha                                                                                   influence to Group
          PT Citra Borneo Indah              50.259.851               66.358.071            68.798.389                    PT Citra Borneo Indah
       Entitas anak                                                                                                                  Subsidiaries
         PT Kalimantan Sawit Abadi             66.962.558            116.900.387           105.802.772               PT Kalimantan Sawit Abadi
         PT Citra Borneo Utama Tbk.            31.857.434             63.736.327           117.105.081              PT Citra Borneo Utama Tbk.
         PT Mitra Mendawai Sejati              24.902.981             13.540.304             1.948.180                PT Mitra Mendawai Sejati
       Total                                  173.982.824            260.535.089           293.654.422                                          Total

       Piutang lain-lain - lancar                                                                                       Other receivables - current
          - dalam Rupiah                                                                                                               - in Rupiah
       Entitas yang memiliki pengaruh                                                                                   Entity which has significant
          signifikan terhadap Kelompok Usaha                                                                                   influence to Group
          PT Citra Borneo Indah             276.491.104               85.167.964            85.312.974                    PT Citra Borneo Indah
       Entitas anak                                                                                                                 Subsidiaries
         SSMS Plantation Holdings Pte. Ltd. 207.598.404              197.992.909           202.038.561        SSMS Plantation Holdings Pte.Ltd.
         PT Kalimantan Sawit Abadi           60.116.993              196.749.830           257.892.128             PT Kalimantan Sawit Abadi
         SSMS Plantation International                                                                           SSMS Plantation International
             Pte. Ltd.                       57.082.680               54.449.265            55.561.844                                Pte. Ltd.
         PT Citra Borneo Utama Tbk.           2.456.939                  605.152               490.458            PT Citra Borneo Utama Tbk.
         PT Mitra Mendawai Sejati             1.038.329                  930.621                 4.374               PT Mitra Mendawai Sejati
         PT Menteng Kencana Mas                 865.835                  493.313               769.894              PT Menteng Kencana Mas
         PT Tanjung Sawit Abadi                 510.397                  243.754               549.226                PT Tanjung Sawit Abadi
         PT Sawit Multi Utama                   120.555                        -                23.888                   PT Sawit Multi Utama
         PT Mirza Pratama Putra                 113.716                        -               652.116                PT Mirza Pratama Putra




                                                                      171
Page 487
                                                                              The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                   PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                          As of December 31, 2024
         dan untuk tahun yang berakhir                                                      and for year then ended
             pada tanggal tersebut                                                     (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                     unless otherwise stated)
            kecuali dinyatakan lain)


45. INFORMASI       KEUANGAN              ENTITAS          INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                   (continued)

      CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
           ENTITAS INDUK (lanjutan)                                                    OF THE PARENT ENTITY (continued)
C. SALDO DAN TRANSAKSI                        DENGAN         PIHAK             C.     BALANCE AND TRANSACTIONS                           WITH
   BERELASI (lanjutan)                                                                RELATED PARTIES (continued)
   Detail saldo dengan pihak berelasi adalah                                          Balance with related parties, are as follows:
   sebagai berikut:
                                       31 Desember 2024/     31 Desember 2023/      31 Desember 2022/
                                       December 31, 2024     December 31, 2023      December 31, 2022
      Entitas Sepengendali                                                                                       Entities under common control
        PT Surya Borneo Industri                376.968                  19.494             3.651.433               PT Surya Borneo Industri

      Pihak berelasi lainnya                                                                                              Other related parties
         PT Sulung Ranch                       2.311.225                311.314             4.484.717                      PT Sulung Ranch
         PT Natai Sawit Perkasa                  761.299              1.285.247             2.131.912                 PT Natai Sawit Perkasa
         PT Pesona Citra Propertindo             374.185                299.274               194.480            PT Pesona Citra Propertindo
         PT Sepalar Yasa Kartika                 274.685                687.092             1.146.587                PT Sepalar Yasa Kartika
         PT Borneo Sawit Gemilang                163.756                  2.324                     -             PT Borneo Sawit Gemilang
         PT Pelayaran Lingga Marintama                36                  2.405                14.270         PT Pelayaran Lingga Marintama
      Total                                  610.657.106            539.239.958           614.918.862                                      Total

      Pinjaman kepada pihak berelasi                                                                                  Loans to related parties
         - lancar - dalam rupah                                                                                          - current - in rupiah
      Entitas anak                                                                                                                 Subsidiaries
         PT Kalimantan Sawit Abadi             2.000.000             39.749.980           100.035.989             PT Kalimantan Sawit Abadi

      Pinjaman - tidak lancar                                                                                                Loans - non-current
         - dalam rupah                                                                                                               - in rupiah
      Entitas yang memiliki pengaruh                                                                                 Entity which has significant
         signifikan terhadap Kelompok Usaha                                                                                 influence to Group
         PT Citra Borneo Indah                         -            219.473.951         3.611.628.886                  PT Citra Borneo Indah

      Total                                    2.000.000            259.223.931         3.711.664.875                                      Total

      Total piutang usaha dan                                                                                       Total trade receivable and
        piutang lain-lain, dan pinjaman                                                                                other receivable, and
        kepada pihak berelasi                786.526.215           1.058.998.978        4.620.238.159                loans to related parties


      Total aset                          11.661.327.461        10.868.450.557         11.894.991.184                              Total assets

      Sebagai persentasi                                                                                                     As percentage of
        terhadap total aset                       6,74%                    9,74%              38,84%                            total assets




                                                                     172
Page 488
                                                                         The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                     As of December 31, 2024
         dan untuk tahun yang berakhir                                                 and for year then ended
             pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
            kecuali dinyatakan lain)


45. INFORMASI       KEUANGAN             ENTITAS        INDUK           45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                              (continued)

      CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
           ENTITAS INDUK (lanjutan)                                               OF THE PARENT ENTITY (continued)
C. SALDO DAN TRANSAKSI                     DENGAN         PIHAK               C. BALANCE AND TRANSACTIONS                           WITH
   BERELASI (lanjutan)                                                           RELATED PARTIES (continued)
   Detail saldo dengan pihak berelasi adalah                                    Balance with related parties, are as follows:
   sebagai berikut:

                                    31 Desember 2024/     31 Desember 2023/    31 Desember 2022/
                                    December 31, 2024     December 31, 2023    December 31, 2022
      Utang usaha - lancar                                                                                        Trade payables - current
         - dalam Rupiah                                                                                                        - in Rupiah
      Entitas yang memiliki pengaruh                                                                            Entity which has significant
         signifikan terhadap Kelompok Usaha                                                                            influence to Group
         PT Citra Borneo Indah              4.154.365             3.973.776             157.135                   PT Citra Borneo Indah
      Entitas anak                                                                                                          Subsidiaries
        PT Kalimantan Sawit Abadi          39.101.356            97.596.669            9.568.154             PT Kalimantan Sawit Abadi
        PT Tanjung Sawit Abadi             49.459.250            49.459.251           49.367.351               PT Tanjung Sawit Abadi
        PT Mitra Mendawai Sejati           14.492.712             8.883.903            1.000.000              PT Mitra Mendawai Sejati
        PT Sawit Multi Utama                   60.184                60.184                    -                  PT Sawit Multi Utama
      Total                               107.267.867           159.973.783           60.092.640                                      Total
      Utang lain-lain - lancar                                                                                    Other payables - current
         - dalam Rupiah                                                                                                        - in Rupiah
      Entitas yang memiliki pengaruh                                                                            Entity which has significant
         signifikan terhadap Kelompok Usaha                                                                            influence to Group
         PT Citra Borneo Indah              1.421.273             2.183.325                    -                  PT Citra Borneo Indah
      Entitas anak                                                                                                           Subsidiaries
        PT Tanjung Sawit Abadi            406.012.600           374.725.910          352.595.760               PT Tanjung Sawit Abadi
        PT Mitra Mendawai Sejati          300.975.890           310.991.611          309.759.539              PT Mitra Mendawai Sejati
        SSMS Plantation International                                                                      SSMS Plantation International
            Pte. Ltd.                      50.270.306            29.718.640           30.135.731                              Pte. Ltd.
        PT Mirza Pratama Putra             39.578.850            10.946.237              472.783               PT Mirza Pratama Putra
        PT Sawit Multi Utama               32.166.670             6.422.050              130.164                   PT Sawit Multi Utama
        PT Menteng Kencana Mas              1.041.523               750.778            1.428.298             PT Menteng Kencana Mas
        PT Kalimantan Sawit Abadi             306.137               345.664               18.296             PT Kalimantan Sawit Abadi
        PT Citra Borneo Utama Tbk.             10.078                 7.858                7.859            PT Citra Borneo Utama Tbk.

      Entitas Sepengendali                                                                                  Entities under common control
        PT Surya Borneo Industri             722.221              2.741.022             412.563                PT Surya Borneo Industri

      Pihak berelasi lainnya                                                                                         Other related parties
         PT Sulung Ranch                    4.731.025             2.033.220             792.310                       PT Sulung Ranch
         PT Pesona Citra Propertindo        1.588.931             9.379.720             955.321             PT Pesona Citra Propertindo
         PT Pelayaran Lingga Marintama        396.873                     -                   -          PT Pelayaran Lingga Marintama
         PT Natai Sawit Perkasa               155.827                     -                   -                  PT Natai Sawit Perkasa
         PT Borneo Sawit Gemilang              41.385                     -                   -              PT Borneo Sawit Gemilang
         PT Sepalar Yasa Kartika                    -                29.962                   -                 PT Sepalar Yasa Kartika
      Total                               839.419.589           750.275.997          696.708.624                                      Total




                                                                 173
Page 489
                                                                            The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                 PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                        As of December 31, 2024
         dan untuk tahun yang berakhir                                                    and for year then ended
             pada tanggal tersebut                                                   (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                   unless otherwise stated)
            kecuali dinyatakan lain)


45. INFORMASI            KEUANGAN        ENTITAS         INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                 (continued)

      CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
           ENTITAS INDUK (lanjutan)                                                  OF THE PARENT ENTITY (continued)
C. SALDO DAN TRANSAKSI                      DENGAN         PIHAK                 C. BALANCE AND TRANSACTIONS                          WITH
   BERELASI (lanjutan)                                                              RELATED PARTIES (continued)
   Detail saldo dengan pihak berelasi adalah                                Balance with related parties, are as follows:
   sebagai berikut:
                                                              Disajikan kembali - Catatan 45/
                                                                    As restated - Note 45
                                     31 Desember 2024/     31 Desember 2023/      31 Desember 2022/
                                     December 31, 2024     December 31, 2023      December 31, 2022


      Pinjaman dari pihak berelasi                                                                                 Loans from related parties
         - lancar – dalam rupiah                                                                                       - current – in rupiah
      Entitas anak                                                                                                               Subsidiaries
         PT Sawit Multi Utama              379.127.443            195.075.789                     -                  PT Sawit Multi Utama
         PT Tanjung Sawit Abadi            368.666.296            279.007.507                     -                PT Tanjung Sawit Abadi
         PT Mirza Pratama Putra            349.721.750            308.889.400                     -                PT Mirza Pratama Putra
         PT Mitra Mendawai Sejati           36.219.598            199.652.355            43.800.000               PT Mitra Mendawai Sejati

      Total                              1.133.735.087            982.625.051            43.800.000                                      Total
      Utang lain-lain pihak berelasi                                                                                   Long-term loan from
         - jangka panjang                                                                                                   a related party
         - dalam Dolar AS                                                                                                    - in US Dollar
      Entitas anak                                                                                                               Subsidiaries
         SSMS Plantation International                                                                        SSMS Plantation International
             Pte. Ltd.                     323.786.006            308.840.804           974.717.471                                Pte. Ltd.

      Total                              1.457.521.093           1.291.465.855        1.018.517.471                                      Total

      Total utang usaha dan                                                                                        Total trade payables and
        utang lain-lain, dan pinjaman                                                                                 other payables, and
        dari pihak berelasi              2.296.940.682           2.201.715.635        1.775.318.735             loans from related parties


      Total liabilitas                   5.915.667.670           6.026.344.992        5.790.725.344                           Total liabilities

      Sebagai persentasi                                                                                                   As percentage of
        terhadap total liabilitas              38,83%                  36,53%               30,65%                          total liabilities


    Utang lain-lain - pihak berelasi terutama                              Other payables - related parties mainly represent non-
    merupakan dana talangan dan utang atas jasa                            interest bearing advances and payable from services
    yang diberikan tanpa bunga yang diterima oleh                          rendered obtained by the Company from these related
    Perusahaan dari pihak-pihak berelasi.                                  parties.

    Saldo utang lain-lain - pihak berelasi pada akhir                      Outstanding balances of other payables - related parties
    tahun tidak memiliki jaminan.                                          at year-end are unsecured.




                                                                   174
Page 490
                                                                              The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                   PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                          As of December 31, 2024
         dan untuk tahun yang berakhir                                                      and for year then ended
             pada tanggal tersebut                                                     (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                     unless otherwise stated)
            kecuali dinyatakan lain)


45. INFORMASI        KEUANGAN            ENTITAS           INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                   (continued)

       CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
            ENTITAS INDUK (lanjutan)                                                   OF THE PARENT ENTITY (continued)
C. SALDO DAN TRANSAKSI                        DENGAN           PIHAK               C. BALANCE AND TRANSACTIONS                          WITH
   BERELASI (lanjutan)                                                                RELATED PARTIES (continued)

    Detail transaksi dengan pihak berelasi adalah                            Transactions with related parties, are as follows:
    sebagai berikut:
                                                                Disajikan kembali - Catatan D/
                                                                      As restated - Note D
                                                           Untuk tahun yang berakhir pada tanggal/
                                                                      For the years ended
                                      31 Desember 2024/       31 Desember 2023/     31 Desember 2022/
                                      December 31, 2024       December 31, 2023     December 31, 2022
    Penjualan                                                                                                                           Sales
    Entitas anak                                                                                                                  Subsidiaries
      PT Citra Borneo Utama Tbk.          1.424.444.427            1.445.050.660        1.453.391.988             PT Citra Borneo Utama Tbk
      PT Mitra Mendawai Sejati               59.391.258               38.403.042           63.411.840              PT Mitra Mendawai Sejati
      PT Kalimantan Sawit Abadi              14.141.915               10.019.400           10.204.243             PT Kalimantan Sawit Abadi

    Entitas sepengendali                                                                                        Entities under common control
          PT Citra Borneo Indah                6.447.700               4.013.463           62.228.033               PT Citra Borneo Indah

    Total                                 1.504.425.300            1.497.486.565        1.589.236.104                                     Total

               Total penjualan            1.515.003.699            1.504.887.883        1.942.979.487                               Total sales

    Sebagai persentasi                                                                                                        As percentage of
        terhadap total penjualan                 99,30%                  99,50%               81,79%                              total sales

    Pembelian                                                                                                                       Purchase
    Entitas anak                                                                                                                  Subsidiaries
      PT Kalimantan Sawit Abadi               50.658.860              88.123.403           41.871.341              PT Kalimantan Sawit Abadi
      PT Mitra Mendawai Sejati                14.184.026               7.118.649              547.418               PT Mitra Mendawai Sejati
      PT Tanjung Sawit Abadi                           -                  82.980                    -                PT Tanjung Sawit Abadi
      PT Kalimantan Sawit Abadi                        -                  54.342                    -              PT Kalimantan Sawit Abadi

    Total                                     64.842.886              95.379.374           42.418.759                                     Total

    Total beban pokok penjualan             841.645.413            1.056.336.269          964.756.502                       Total cost of sales

      Sebagai persentasi terhadap                                                                                              As percentage of
        jumlah beban pokok penjualan              7,70%                    9,03%               4,40%                        total cost of sales


    Beban Penanganan                                                                                                       Handling expense
    Pihak berelasi lainnya                                                                                                Other related parties
       PT Surya Borneo Industri                 462.593                   15.996             216.788                PT Surya Borneo Industrii

    Total beban penjualan                              -              24.122.604           62.851.821                   Total selling expenses

      Sebagai persentasi terhadap                                                                                               As percentage of
        total beban penjualan                        0%                    0,06%               0,34%                    total selling expenses


    Biaya penelitian dan pemeliharaan                                                                     Research and maintenance expense
      Entitas yang memiliki pengaruh                                                                                Entity which has significant
         signifikan terhadap Kelompok Usaha                                                                                influence to Group
         PT Citra Borneo Indah                         -                       -           36.097.200                 PT Citra Borneo Indah

    Total beban pokok penjualan             841.645.413            1.056.336.269          964.756.502                       Total cost of sales

      Sebagai persentasi terhadap                                                                                              As percentage of
        total beban pokok penjualan               0,00%                    0,00%               3,74%                        total cost of sales




                                                                     175
Page 491
                                                                             The original consolidated financial statements included herein
                                                                                                            are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
           Tanggal 31 Desember 2024                                                        As of December 31, 2024
          dan untuk tahun yang berakhir                                                    and for year then ended
              pada tanggal tersebut                                                   (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                   unless otherwise stated)
             kecuali dinyatakan lain)


45. INFORMASI         KEUANGAN           ENTITAS          INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                  (continued)

      CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
           ENTITAS INDUK (lanjutan)                                                 OF THE PARENT ENTITY (continued)

C. SALDO DAN TRANSAKSI DENGAN PIHAK                                         C. BALANCE   AND     TRANSACTIONS                            WITH
   BERELASI (lanjutan)                                                         RELATED PARTIES (continued)

     Detail transaksi dengan pihak berelasi adalah                                Transactions with related parties, are as follows:
     sebagai berikut: (lanjutan)                                                  (continued)

                                                               Disajikan kembali - Catatan D/
                                                                     As restated - Note D
                                                          Untuk tahun yang berakhir pada tanggal/
                                                                     For the years ended
                                      31 Desember 2024/      31 Desember 2023/    31 Desember 2022/
                                      December 31, 2024      December 31, 2023    December 31, 2022

     Pendapatan bunga                                                                                                          Interest income
     Entitas yang memiliki pengaruh
       signifikan terhadap                                                                                         Entity which has significant
       Kelompok Usaha                                                                                                    influence to Group
     PT Citra Borneo Indah                            -             273.770.771         274.424.477                     PT Citra Borneo Indah

     Entitas anak                                                                                                               Subsidiaries
     PT Kalimantan Sawit Abadi                4.587.436               7.005.644          35.281.798               PT Kalimantan Sawit Abadi
     PT Sawit Multi Utama                             -                       -           3.142.083                    PT Sawit Multi Utama

     Total pendapatan bunga                                                                                                    Interest income
       pihak berelasi                         4.587.436             280.776.415         312.848.358              related parties parties, net

     Total pendapatan keuangan                5.411.425             300.808.539         317.714.368                    Total finance income

     Sebagai persentase terhadap
       total pendapatan keuangan                84,77%                  93,34%                98,4%    As percentage to total finance income




D.   PENYAJIAN KEMBALI LAPORAN KEUANGAN                                     D.    RESTATEMENT OF SEPARATE FINANCIAL
     TERSENDIRI                                                                   STATEMENTS

     Perusahaan menyajikan kembali laporan keuangan                               The Company restated its financial statements as of
     tanggal 31 Desember 2023 dan 1 Januari 2023/                                 December     31,     2023    and      January    1,
     31 Desember 2022, serta untuk tahun yang                                     2023/December 31, 2022, and for the year ended
     berakhir pada tanggal 31 Desember 2022,                                      December 31, 2022, due to the charges in
     sehubungan      dengan     perubahan  kebijakan                              accounting policy of investments in subsidiaries
     akuntansi untuk mencatat investasi pada entitas                              from cost method to equity method which was
     anak dari metode biaya menjadi metode ekuitas                                recorded according to PSAK 227 "Consolidated and
     yang dicatat sesuai dengan PSAK 227 "Laporan                                 Separate Financial Statements” (Note 44a).
     Keuangan Konsolidasian dan Laporan Keuangan
     Tersendiri" (Catatan 44a).




                                                                    176
Page 492
                                                                                     The original consolidated financial statements included herein
                                                                                                                    are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                                      PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
              Tanggal 31 Desember 2024                                                                 As of December 31, 2024
             dan untuk tahun yang berakhir                                                             and for year then ended
                 pada tanggal tersebut                                                            (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                                            unless otherwise stated)
                kecuali dinyatakan lain)


45. INFORMASI               KEUANGAN         ENTITAS         INDUK                  45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                          (continued)

        CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE FINANCIAL STATEMENTS
             ENTITAS INDUK (lanjutan)                                                        OF THE PARENT ENTITY (continued)

D. PENYAJIAN KEMBALI LAPORAN KEUANGAN                                               D. RESTATEMENT OF SEPARATE FINANCIAL
   TERSENDIRI (lanjutan)                                                               STATEMENTS (continued)
                                                 31 Desember 2023/                      31 Desember 2022/
                                                 December 31, 2023                      December 31, 2022

                                             Disajikan                              Disajikan
                                           sebelumnya/         Disajikan          sebelumnya/           Disajikan
                                           As previously       kembali/           As previously         kembali/
                                            Presented         As restated          Presented           As restated

 Aset                                                                                                                                                 Assets

 Aset Lancar                                                                                                                                Current Assets
 Kas dan setara kas                            33.775.021        33.775.021          419.261.203         419.261.203             Cash and cash equivalents
 Putang usaha                                                                                                                               Trade receivable
    Pihak berelasi                            260.535.089       260.535.089          293.654.422         293.654.422                      Related parties
    Pihak ketiga                                        -                13                                                                  Third parties
 Piutang lain-lain                                                                                                                       Others receivables
    Pihak berelasi                            539.239.958       539.239.958          614.918.862         614.918.862                      Related parties
    Pihak ketiga                                  715.519           715.519            6.826.490           6.826.490                         Third parties
 Persediaan                                    52.905.066        52.905.066          159.513.172         159.513.172                              Inventories
 Aset biologis                                 76.217.269        76.217.269           64.452.324          64.452.324                        Biological assets
 Pinjaman kepada pihak berelasi                39.749.980        39.749.980          100.035.989         100.035.989                 Loans to related parties
 Biaya dibayar dimuka                           1.117.792         1.117.792              924.659             924.659                           Prepayments
 Uang muka kepada pihak ketiga                  2.604.817         2.604.818            4.231.275           4.231.275                Advance to third parties
 Pajak dibayar dimuka                          15.511.058        15.511.058           15.708.181          15.708.181                           Prepaid taxes
 Taksiran tagihan restitusi pajak                                                                                              Estimated claim for tax refund
    jangka pendek                                 692.538            692.538                      -                  -                             current

 Total Aset Lancar                          1.023.064.107      1.023.064.121       1.679.526.577        1.679.526.577                  Total Current Assets

 Aset Tidak Lancar                                                                                                                      Non-Current Assets
 Taksiran tagihan restitusi pajak             102.231.098       102.231.098           57.424.255          57.424.255          Estimated claims for tax refund
 Piutang lain-lain jangka panjang                                                                                                Long-term other receivables
    kepada pihak berelasi                                                                                                                 to related parties
 Aset tetap dan tanaman produktif             663.763.705       663.763.705          607.564.806         607.564.806          Fixed assets and bearer plants
 Aset tak berwujud, neto                        1.947.578         1.947.578            3.437.439           3.437.439                    Intangible assets, net
 Aset hak guna - neto                          49.840.672        49.840.672           17.415.656          17.415.656                   Right of use asset, net
 Pinjaman jangka panjang kepada pihak                                                                                           Long-term convertible loan to
    berelasi yang dapat dikonversi            219.473.951        219.473.951       3.611.628.886        3.611.628.886                        a related party
 Investasi saham                            5.278.273.874      9.171.468.313       1.826.964.291        6.265.092.222           Investment in shares of stock
 Aset pajak tangguhan, neto                    55.051.527         55.051.527          35.760.237           35.760.237                Deferred tax assets, net
 Piutang plasma setelah dikurangi dengan                                                                                     Plasma receivables after net off
    penyisihan penurunan nilai                                                                                                 with allowance impairment
    2023: Rp8.661.991 (2022: RpNihil)          50.727.353        50.727.353           49.809.321          49.809.321     2023: Rp8,661,991 (2022: RpNil)
 Aset tidak lancar lainnya                     20.880.839        20.880.839           57.330.390          57.330.390                Other non-current assets

 Total Aset Tidak Lancar                    6.442.190.597     10.335.385.036       6.267.335.281       10.705.463.212             Total Non-Current Assets

 Total Aset                                 7.465.254.704     11.358.449.157       7.946.861.857       12.384.989.789                           Total Assets

 Liabilitas dan Ekuitas                                                                                                                Liabilities and Equity

 Liabilitas Jangka Pendek                                                                                                                Current Liabilities
 Utang usaha                                                                                                                                 Trade payables
    Pihak berelasi                            159.973.783       159.973.783           60.092.640          60.092.640                          Related parties
    Pihak ketiga                               13.815.882        13.815.895            6.715.819           6.715.819                         Third parties
 Utang pajak                                    5.245.567         5.245.567            8.408.632           8.408.632                      Taxes payable
 Beban akrual                                  27.150.737        27.150.737           33.078.615          33.078.615                     Accrued expenses
 Utang lain-lain                                                                                                                             Other payables
    Pihak berelasi                            750.275.997       750.275.997          696.708.624         696.708.624                      Related parties
    Pihak ketiga                              181.044.650       181.044.651          288.643.661         288.643.661                         Third parties
 Liabilitas kontrak                             2.000.000         2.000.000                    -                   -                      Contract liabilities
 Liabilitas sewa jangka pendek                 10.271.747        10.271.747            1.207.710           1.207.710              Short-term lease liabilities
 Liabilitas imbalan kerja karyawan                                                                                             Short-term employee benefit
    jangka pendek                              48.746.650        48.746.650           61.771.585          61.771.585                             liabilities
 Liabilitas sewa pembiayaan                                                                                                     Current maturities of finance
    jatuh tempo dalam satu tahun                                                                  -                  -                     lease liabilities
 Utang bank jangka pendek                      43.139.886        43.139.886                       -                  -                 Short-term bank loan
 Utang bank jangka panjang                                                                                                    Current maturities of long-term
    Jatuh tempo dalam satu tahun              437.500.864       437.500.864          513.862.495         513.862.495                            bank loan
 Utang sewa pembiayaan konsumen                                                                                                     Consumer finance lease
    jatuh tempo dalam satu tahun                  399.347            399.347                      -                  -                           liabilities



                                                                            177
Page 493
                                                                                       The original consolidated financial statements included herein
                                                                                                                      are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                        PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
              Tanggal 31 Desember 2024                                                                   As of December 31, 2024
            dan untuk tahun yang berakhir                                                                 and for year then ended
                 pada tanggal tersebut                                                              (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                               unless otherwise stated)
                kecuali dinyatakan lain)


45. INFORMASI               KEUANGAN         ENTITAS           INDUK                 45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                           (continued)

         CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE FINANCIAL STATEMENTS
              ENTITAS INDUK (lanjutan)                                                        OF THE PARENT ENTITY (continued)


D.    PENYAJIAN KEMBALI LAPORAN KEUANGAN                                              D. RESTATEMENT OF SEPARATE FINANCIAL
      TERSENDIRI (lanjutan)                                                              STATEMENTS (continued)
                                                 31 Desember 2023/                        31 Desember 2022/
                                                 December 31, 2023                        December 31, 2022

                                             Disajikan                                Disajikan
                                           sebelumnya/           Disajikan          sebelumnya/           Disajikan
                                           As previously         kembali/           As previously         kembali/
                                            Presented           As restated          Presented           As restated


 Liabilitas dan Ekuitas (lanjutan)                                                                                                          Liabilities and Equity

 Liabilitas Jangka Pendek (lanjutan)                                                                                                           Current Liabilities
 Pinjaman jangka pendek                                                                                                                            Short-term loan
    dari pihak berelasi                       982.625.051         982.625.051                       -        43.800.000                     from related parties

 Total Liabilitas Jangka Pendek             2.662.190.161       2.662.190.175        1.670.489.781        1.714.289.781                  Total Current Liabilities


 Liabilitas Jangka Panjang                                                                                                                Non-Current Liabilities
 Utang bank jangka panjang -
    Setelah dikurangi bagian jatuh tempo                                                                                                     Long-term bank loan
    Tempo dalam satu tahun                  2.950.729.030       2.950.729.030        3.031.229.068        3.031.229.068                net of current maturities
 Liabilitas sewa jangka panjang                31.769.387          31.769.387           10.120.456           10.120.456                 Long-term lease liabilities
 Utang lain-lain pihak berelasi                                                                                                               Long-term loan from
    jangka panjang                            308.840.804         308.840.804        1.018.517.471         974.717.471                           a related party
 Liabilitas imbalan kerja                                                                                                             Long-term employee benefit
    karyawan jangka panjang                    72.815.596          72.815.596           60.368.568           60.368.568                                liabilities

 Total Liabilitas Jangka Panjang            3.364.154.817       3.364.154.817        4.120.235.563        4.076.435.563             Total Non-Current Liabilities

 Total Liabilitas                           6.026.344.978       6.026.344.992        5.790.725.344        5.790.725.344                           Total Liabilities


 Ekuitas                                                                                                                                                     Equity
 Ekuitas yang dapat diatribusikan                                                                                                    Equity attributable to Owners
    kepada Pemilik Entitas Induk                                                                                                      equity of the parent entity
 Modal saham                                                                                                                                           Share capital
    Modal dasar - 32.100.000.000                                                                                            Authorized - 32,100,000,000 shares
    lembar saham nilai nominal Rp100                                                                                           at par value per share of Rp100
    (nilai penuh) per saham                                                                                                                         (full amount)
 Modal ditempatkan dan disetor                                                                                                               Issued and fully paid -
    penuh - 9.525.000.000 lembar                                                                                                                  9,525,000,000
    saham                                     952.500.000         952.500.000          952.500.000         952.500.000                                     shares
 Tambahan modal disetor                       818.560.115         818.560.115          818.560.115         818.560.115                    Additional paid-in capital
 Saldo laba                                                                                                                                      Retained earnings
    Sudah ditentukan penggunaannya           1.340.160.714      1.340.160.714          970.536.918          970.536.918                            Appropriated
    Belum ditentukan penggunaannya          (1.416.704.628 )    1.979.428.701         (324.717.467 )      3.616.933.978                          Unappropriated
 Penghasilan komprehensif lain                  54.013.162        551.074.272           48.876.584          545.353.071              Other comprehensive income
 Komponen ekuitas lainnya                     (309.619.637 )     (309.619.637)        (309.619.637 )       (309.619.637 )                  Other equity component

 Total Ekuitas                              1.438.909.726       5.332.104.165        2.156.136.513        6.594.264.445                               Total Equity

 Total Liabilitas dan Ekuitas               7.465.254.704      11.358.449.157        7.946.861.857       12.384.989.789               Total Liabilities and Equity




                                                                              178
Page 494
                                                                                     The original consolidated financial statements included herein
                                                                                                                    are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                       PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                                  As of December 31, 2024
            dan untuk tahun yang berakhir                                                              and for year then ended
                pada tanggal tersebut                                                             (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                             unless otherwise stated)
               kecuali dinyatakan lain)


45. INFORMASI                 KEUANGAN      ENTITAS           INDUK                45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                         (continued)
D.    PENYAJIAN KEMBALI LAPORAN KEUANGAN                                            D. RESTATEMENT OF SEPARATE FINANCIAL
      TERSENDIRI (lanjutan)                                                            STATEMENTS (continued)
                                                31 Desember 2023/                       31 Desember 2022/
                                                December 31, 2023                       December 31, 2022

                                            Disajikan                               Disajikan
                                          sebelumnya/          Disajikan          sebelumnya/          Disajikan
                                          As previously        kembali/           As previously        kembali/
                                           Presented          As restated          Presented          As restated


 Pendapatan dari kontrak                                                                                                            Revenue from contracts
   dengan Pelanggan                         1.504.887.883      1.504.887.883       1.942.979.487       1.942.979.487                      with customer
 Beban pokok penjualan                     (1.056.336.269 )   (1.056.336.269)       (964.756.502 )      (964.756.502 )                        Cost of sales

 Laba usaha                                  448.551.614        448.551.614          978.222.985        978.222.985                  Profit from operations


 Beban penjualan                              (24.122.603 )     (24.122.604)         (62.851.821 )       (62.851.821 )                        Selling expense
 Beban umum dan administrasi                 (400.777.490 )    (400.777.490)        (424.079.253 )      (424.079.253 )            General and administrative
 Keuntungan/(kerugian) atas                                                                                                      Gain/(loss) from changes in
   Nilai wajar aset biologis                  11.764.945         11.764.946          (57.200.672 )       (57.200.672 )       fait value of biological assets
 Bagian laba/(rugi) bersih entitas anak                -        626.682.505                    -       1.674.427.994      Equity in net income of subsidiaries
 Pendapatan/(beban) lain-lain, neto          106.697.174          3.687.673          173.877.801        (124.511.126 )         Other income/(expenses), net

 Laba usaha                                  142.113.640        665.786.644          606.641.469       1.984.008.107                       Operating profit

 Pendapatan keuangan                          300.808.539       300.808.539          317.714.368         317.714.368                         Finance income
 Beban keuangan                              (462.404.499 )    (462.404.500)        (422.032.443 )      (422.032.443)                           Finance cost

 Laba/(rugi) sebelum pajak                                                                                                          Profit before corporate
   Penghasilan badan                          (19.482.320 )     504.190.682          502.323.394       1.879.690.032                           Income tax

 Pajak Penghasilan badan                        8.064.955           8.064.955        (42.314.062 )       (42.314.062 )                Corporate Income tax


 Laba/(rugi) tahun berjalan                   (11.417.365 )     512.225.637          460.009.332       1.837.375.970                Profit/(loss) for the year

 Efek penyesuaian proforma                                -   (1.069.191.117)                     -     373.197.138            Effect of proforma adjustment

 LABA TAHUN BERJALAN                                                                                                              PROFIT FOR THE YEAR
   SEBELUM EFEK                                                                                                                     BEFORE EFFECT OF
   PENYESUAIAN PROFORMA                                   -    (556.965.480)         460.009.332       2.210.573.108            PROFORMA ADJUSTMENT

 RUGI                                                                                                                            OTHER COMPREHENSIVE
   KOMPREHENSIF LAIN                            5.136.578           (2.681.346)      (11.270.633 )       (23.339.303 )                        LOSS

                                               (6.280.787 )    (559.646.826)         448.738.699       2.187.233.805
 Efek penyesuaian proforma                                                                                                     Effect of proforma adjustment
    atas penghasilan                                                                                                            from other comprehensive
    komprehensif lain                                     -      11.017.567                       -     (43.237.334)                              income

 TOTAL (RUGI)/LABA KOMPREHENSIVE                                                                                     TOTAL COMPREHENSIVE (LOSS)/INCOME
   TAHUN BERJALAN SETELAH                                                                                                       FOR THE YEARS AFTER
   PENYESUAIAN PROFORMA                        (6.280.787 )    (548.629.259)         448.738.699       2.143.996.471          PROFORMA ADJUSTMENT




                                                                            179
Page 495
      Laporan Tahunan
        Annual Report


          2024




            KANTOR PUSAT
Jl. H. Udan Said No. 47 Pangkalan Bun 74113
        Kalimantan Tengah, Indonesia
             Ph : +62 532 21297


      KANTOR PERWAKILAN JAKARTA
       Equity Tower Lt. 43 Suite C - D
 Jl. Jend. Sudirman Kav. 52-53 SCBD Lot 9
          Jakarta 12190, Indonesia
            Ph : +62 21 2903 5401
          E : corporate@ssms.co.id

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Names mentioned 117 people and organisations named in the text · linked when the evidence is strong

linked org Citra Borneo Utama Tbk p.3 ×27
linked person Prof. Dr. Ir. Bungaran Saragih · President Commissioner p.37 ×13
linked person Jap Hartono · Direktur Utama p.43 ×29
linked person Nasarudin bin Nasir · Direktur p.48 ×7
linked person Akhmad Faisyal · Director p.49 ×13
linked person Jahja Tanudjaja p.66
linked person Deni Agustinus Damayanto p.67
linked person Henky Satrio Wibowo p.67
linked org Palma Serasih Tbk p.71 ×5
linked org Japfa Comfeed Indonesia Tbk p.71 ×5
linked org Satu Visi Putra Tbk p.188 ×5
possible org Sawit Sumbermas Sarana Tbk. p.2 ×280
possible org Otoritas Jasa Keuangan p.2 ×18
possible org Bursa Efek Indonesia p.8 ×8
possible org Citra Borneo Indah p.22 ×20
possible person Hoesen · Komisaris Independen p.41 ×2
possible person Ade Irawan p.67
possible org PT Danareksa (Persero) p.73 ×2
possible org PT Putra Borneo Agro Lestari p.83 ×3
possible org PT Mirae Asset Sekuritas Indonesia p.188 ×3
unresolved org Financial Services Authority p.2 ×17
unresolved org PT Kalimantan Sawit Abadi p.8 ×20
unresolved org Bank Sindikasi p.8
unresolved org PT Mitra Mendawai Sejahtera p.8 ×2
unresolved org SSMS Plantation International Pte Ltd p.8 ×2
unresolved org PT Menteng Kencana Mas p.8 ×16
unresolved org PT Mirza Pratama Putra · Company Name p.8 ×11
unresolved org PT Tanjung Sawit Abadi p.8 ×21
unresolved org PT Sawit Multi Utama. Establishment p.8
unresolved org PT Sawit Multi Utama. p.8 ×12
unresolved org Kantor Akuntan Publik Information p.10
unresolved person Anti-Corruption Policies · Komisaris p.11
unresolved person Prevention · Corporate Secretary p.11
unresolved org Indonesia Stock Exchange p.20 ×4
unresolved org SSMS Plantation Holding Pte Ltd p.21 ×2
unresolved org PT Datindo Entrycom p.22 ×2
unresolved org Yayasan Borneo Orangutan p.23
unresolved org PT Wahana Kendali Mutu p.24 ×3
unresolved org PT Wahana Kendali Mutu Awarded Penerima p.24 ×4
unresolved org PT Wahana Kendali p.25
unresolved org PT MITRA MENDAWAI SEJATI p.26 ×17
unresolved person MALAYSIA · Director p.26
unresolved org PT SGS Indonesia p.26 ×14
unresolved org PT SGS Indonesia Lingkup p.26 ×8
unresolved org PT Mutu Agung Lestari p.26 ×2
unresolved org PT Mutu Agung Lestari Lingkup p.26 ×2
unresolved org PT Control Union p.26
unresolved org PT Control Union Lingkup p.26
unresolved org BSI Services Malaysia Sdn. Bhd. p.27 ×10
unresolved org PT SGS Indonesia The Garden Centre p.27
unresolved org Royal Charter. BSI Services Malaysia Sdn. Bhd. p.27 ×2
unresolved org PT BSI Indonesia p.27 ×2
unresolved org PT BSI Indonesia Lingkup p.27 ×2
unresolved person H. Udan Said p.28 ×8
unresolved org Menteri Pertanian p.28 ×5
unresolved org PT Sawit Sumbermas Sarana Seluas p.28
unresolved person Certification Business Enhancement Manager · Direktur Utama p.28
unresolved org PT TSI Sertifikasi Internasional p.28 ×8
unresolved org Jakarta Selatan 12550, DKI Jakarta p.28 ×3
unresolved org PT TSI Sertifikasi Internasional Lingkup p.28 ×5
unresolved org Koperasi Jasa Kondang Maju Bersama p.29
unresolved org PT Kalimantan Sawit Abadi Plasma Plantation p.29
unresolved org Koperasi Jasa Nuangan Kasuma Jaya p.29
unresolved org PT Mirza Pratama Putra Plasma Plantation p.29
unresolved org QFS MANAGEMENT SYSTEMS LLP p.30 ×6
unresolved org PT AJA Sertifikasi Indonesia p.30 ×15
unresolved org QFS Management System LLP p.30 ×6
unresolved org PT AJA Sertifikasi Indonesia Lingkup p.30 ×5
unresolved org PT Intertek Utama Services p.32 ×14
unresolved org PT Intertek Utama Services Graha Iskandarsyah p.32 ×2
unresolved org PT Sawit Multi Utama Desa Natai Baru p.32
unresolved org PT Intertek Utama Services Lingkup p.32 ×8
unresolved org PT Sawit Sumbermas Sarana Desa Rangda p.33
unresolved person Ir. Rimbun Situmorang. Apresiasi p.41 ×8
unresolved person Syafril Harahap p.49 ×4
unresolved person Akhmad p.49
unresolved — Faisyal · Direktur p.49
unresolved org PT East West Seed Indonesia p.71 ×2
unresolved org PT Rea Kaltim Plantations p.71 ×2
unresolved org Menteri Pertanian Republik Indonesia p.71
unresolved org Minister of Agriculture of Republic of Indonesia p.71
unresolved org Menteri Pertanian dan Kehutanan Republik Indonesia p.71
unresolved org Minister of Agriculture and Forestry of Republic of Indonesia p.71
unresolved org PT Kliring Penjaminan Efek Indonesia p.73 ×11
unresolved org PT Pesona Citra Propertindo p.75 ×2
unresolved org PT Citra Kencanamas Abadi p.75 ×2
unresolved org PT Citra Borneo Chemical p.75 ×2
unresolved org PT Surya Borneo Industri p.75 ×4
unresolved org PT Pelayaran Senggora p.75 ×2
unresolved org PT Ahmad Saleh Perkasa p.75 ×2
unresolved org PT Sawit Mandiri Lestari p.75 ×2
unresolved org PT Mendawai Putra p.75 ×2
unresolved org PT Barito Putra Nirwana p.75 ×2
unresolved org PT Rimba Karya Kalimantan p.75 ×2
unresolved org PT Tanjung Lingga p.75 ×2
unresolved — Serving · President Director p.78
unresolved org PT Kencana Agri Ltd p.79
unresolved org PT Kencana Agri Ltd Indonesia p.79
unresolved org Intan Baruprama Finance Tbk p.79 ×4
unresolved org Bank ICB Bumiputera Tbk p.79 ×4
unresolved org PT Mitra Mendawai p.81 ×2
unresolved org PT Prima Sawit Borneo p.87
unresolved org PT Mandiri Indah Lestari p.87
unresolved org PT Agro Citra Mandiri p.87
unresolved org Direktorat Jenderal p.87
unresolved org Departemen Kehakiman Republik Indonesia p.87
unresolved org Menteri Kehakiman Republik Indonesia No. C- p.87
unresolved org Directorate General of Law and Legislation p.87
unresolved org Ministry of Justice p.87
unresolved org Minister of Justice p.87
unresolved org SSMS PLANTATION INTERNASIONAL PTE LTD p.92
unresolved org PT SURYA BORNEO INDAH p.92
unresolved org Pengawas Pasar Modal dan Lembaga p.151
unresolved person Sustainability Division · Corporate Secretary p.154
unresolved person Piagam · Komisaris p.155
unresolved org PT Prizaco Prakarsa p.188 ×2
unresolved person Drs. Gatot Permadi Joewono p.188 ×3

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