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SANGGAHAN DAN BATASAN
TANGGUNG JAWAB
DISCLAIMER AND LIMITATION OF RESPONSIBILITY


Laporan Tahunan 2023 PT Archi Indonesia Tbk (yang        This 2023 Annual Report of PT Archi Indonesia Tbk
selanjutnya disebut “Perseroan” atau “Archi”) ini        (hereinafter referred to as the “Company” or
disusun untuk memenuhi ketentuan pelaporan hasil         “Archi”) was prepared to comply with the reporting
kinerja Perseroan pada periode 1 Januari 2023 sampai     requirements for the Company’s performance
dengan 31 Desember 2023 kepada regulator dan             during the period from January 1, 2023, to
pemangku kepentingan. Laporan Tahunan ini antara         December 31, 2023, to regulators and stakeholders.
lain disusun berdasarkan Peraturan Otoritas Jasa         This Annual Report was arranged in accordance
Keuangan No. 29/POJK.04/2016 tentang Laporan             with the Financial Services Authority Regulation
Tahunan Emiten atau Perusahaan Publik dengan             No. 29/POJK.04/2016 on the Annual Report of Issuers
muatan konten sesuai Surat Edaran Otoritas Jasa          or Public Companies, with content specifications
Keuangan No. 16/SEOJK.04/2021 tentang Bentuk dan         as per the Financial Services Authority Circular
Isi Laporan Tahunan Emiten atau Perusahaan Publik.       No. 16/SEOJK.04/2021 on the Form and Content of
                                                         the Annual Report of Issuers or Public Companies.


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


Istilah atau singkatan untuk mendefinisikan PT Archi     The terms or abbreviations to define PT Archi
Indonesia Tbk, Entitas Anak, dan Perusahaan Asosiasi     Indonesia Tbk, Subsidiaries, and Associate
dalam Laporan Tahunan 2023:                              Companies in the 2023 Annual Report:


                                            PT Archi Indonesia Tbk
                                   Archi atau Perseroan / Archi or Company
 ARPTE          Archipelago Resource Pte. Ltd.          EMAS          PT Elang Mulia Abadi Sempurna

 MSM            PT Meares Soputan Mining                JPP           PT Jasa Pertambangan Perkasa

 TTN            PT Tambang Tondano Nusajaya
                                                        GMA           PT Geopersada Mulia Abadi
 KKM            PT Karya Kreasi Mulia
Page 3
    Forging Ahead
with Golden Vision



PT Archi Indonesia Tbk terus bergerak maju dalam adaptasi dan inovasi berkelanjutan untuk mewujudkan
visi yang cemerlang dan memberikan manfaat bagi seluruh pemangku kepentingan. Perseroan terus
menyempurnakan sistem manajemen terkait operasional dan keuangan untuk mengoptimalkan potensi
pertumbuhan. Di tahun 2023, harapan ini diwujudkan melalui fokus pada perbaikan tingkat recovery emas,
optimalisasi pabrik pengolahan bijih untuk meningkatkan ekstraksi bijih, eksplorasi penambangan bawah
tanah di wilayah Koridor Barat dan Koridor Timur, serta perluasan area penambangan di pit Araren.



                         PT Archi Indonesia Tbk constantly moves forward with sustainable adaptation and
 2023                    innovation to realize its brilliant vision and provide benefits for all stakeholders.
                         Moreover, to optimize growth potential, the Company consistently improves its
                         operational and financial management systems. In 2023, the Company focused on
Laporan Tahunan
Annual Report            increasing gold recovery rates, optimizing ore processing plants to increase ore
                         extraction, underground mining exploration in the West Corridor and East Corridor
                         areas, as well as expanding the mining area in Araren pit.




                                                                                         PT Archi Indonesia Tbk
                                                                                              2023 Annual Report
                                                                                                                   1
Page 4
    Daftar Isi
    Table of Contents




     8
     KILAS KINERJA
     Performance Highlights
     Ikhtisar Keuangan
     Financial Highlights                                 10
     Ikhtisar Operasional
     Operational Highlights                               12
     Ikhtisar Saham
     Stock Highlights                                     12
     Aksi Korporasi dan dan Aktivitas Perdagangan Saham
     Corporate Action and Stock Trading Activities        13
     Peristiwa Penting                                         Profil Dewan Komisaris
     Important Events                                     14                                                               55
                                                               Board of Commissioners’ Profile
     Penghargaan dan Sertifikasi                               Profil Direksi
     Awards and Certifications                            15                                                               61
                                                               Board of Directors’ Profile
                                                               Komposisi Pemegang Saham

     20                                                        Shareholders Composition
                                                                 Komposisi Pemegang Saham yang Memiliki 5% atau
                                                                                                                           65

                                                                 Lebih Saham
     LAPORAN MANAJEMEN                                           Shareholder Composition with Ownership of 5% or           65
     Management Report                                           Higher
                                                                 Kelompok Pemegang Saham yang Masing-Masing
     Laporan Dewan Komisaris
     Report from the Board of Commissioners
                                                          22     Memiliki Kurang dari 5% Saham
                                                                 Shareholders Group with Each Ownership of 5%              66
     Laporan Direksi                                             Shares or Less
     Report from the Board of Directors
                                                          30
                                                                 Komposisi Kepemilikan Saham Langsung oleh
                                                                 Dewan Komisaris dan Direksi
     TANGGUNG JAWAB LAPORAN TAHUNAN                       38     Composition of Direct Share Ownership by                  66
     Annual Report Responsibility                                the Board of Commissioners and Board of Directors
                                                                 Komposisi Kepemilikan Tidak Langsung atas Saham
                                                                 Perseroan oleh Dewan Komisaris dan Direksi

     40                                                          Composition of Indirect Ownership of the Company’s
                                                                 Shares by the Board of Commissioners and Board of
                                                                 Directors
                                                                                                                           67

     PROFIL PERUSAHAAN
                                                                 Komposisi Kepemilikan Saham berdasarkan Klasifikasi
     Company Profile                                             Pemegang Saham                                            67
                                                                 Shareholding Composition by Shareholders Classification
      Identitas Perusahaan
      Corporate Identity                                  42   Struktur Pemegang Saham Utama dan Pengendali
                                                               Structure of Majority and Controlling Shareholders          68
      Riwayat Singkat
      Brief History                                       43   Struktur Korporasi
                                                               Corporate Structure                                         69
      Jejak Langkah
      Milestones                                          44   Entitas Anak dan Perusahaan Asosiasi
                                                               Subsidiaries and Associate Company                          70
      Visi, Misi, dan Nilai-Nilai Perusahaan
      The Company's Vision, Mission, and Values           46   Kronologi Pencatatan Saham
                                                               Chronology of Share Listing                                 71
      Kegiatan Usaha
      Business Activities                                 48   Kronologi Pencatatan Efek Lainnya
                                                               Chronology of Other Securities Listing                      72
      Produk dan Jasa
      Products and Services                               48   Informasi Penggunaan Jasa Akuntan Publik dan
                                                               Kantor Akuntan Publik
      Wilayah Operasional
                                                               Information on the Use of Public Accountant Services and    72
      Areas of Operation                                  50
                                                               Public Accounting Firm
      Struktur Organisasi                                      Lembaga dan Profesi Penunjang Pasar Modal
      Organization Structure                              52                                                               72
                                                               Capital Market Supporting Institutions and Professions
      Daftar Keanggotaan Asosiasi                              Informasi pada Situs Web Perusahaan
      List of Association Membership                      54                                                               73
                                                               Information on the Company’s Website




2     PT Archi Indonesia Tbk
      Laporan Tahunan 2023
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74
                                                                       Keberagaman Komposisi Dewan Komisaris dan Direksi
                                                                       Composition Diversity of the Board of Commissioners and                131
                                                                       the Board of Directors
                                                                       Komite Audit
ANALISIS DAN PEMBAHASAN                                                Audit Committee                                                        131
MANAJEMEN                                                              Komite Etik
                                                                       Ethics Committee                                                       136
Management Discussion and Analysis
                                                                       Komite Nominasi dan Remunerasi
Tinjauan Ekonomi                                                       Nomination and Remuneration Committee                                  138
Economic Overview                                               76
                                                                       Komite Pengeluaran
Tinjauan Industri                                                      Expenditure Committee                                                  141
Industry Overview                                               77
                                                                       Komite Investasi
Tinjauan Operasional                                                   Investment Committee                                                   142
Operational Overview                                            77     Sekretaris Perusahaan
                                                                       Corporate Secretary                                                    144
Tinjauan Operasi per Segmen Usaha
Operational Overview by Business Segment                        77     Unit Audit Internal
                                                                       Internal Audit Unit                                                    146
Tinjauan Keuangan
Financial Overview                                              84     Sistem Pengendalian Internal
                                                                       Internal Control System                                                149
Aspek Pemasaran
Marketing Aspects                                               93     Sistem Manajemen Risiko
                                                                       Risk Management System                                                 150


100
                                                                       Perkara Hukum
                                                                       Legal Cases                                                            152
                                                                       Sanksi Administratif
                                                                       Administrative Sanctions                                               152
TINJAUAN PENDUKUNG BISNIS
Business Support Overview                                              Kode Etik
                                                                       Code of Ethics                                                         153
Sumber Daya Manusia                                                    Kebijakan Pengadaan Barang dan Jasa
Human Capital                                                   102    Policy on Procurement of Goods and Services                            154
Teknologi Informasi                                                    Sistem Pelaporan Pelanggaran
Information Technology                                          107    Whistleblowing System                                                  154
                                                                       Kebijakan Pengungkapan Informasi
                                                                       Information Disclosure Policy                                          156

110                                                                    Kebijakan Anti-Korupsi dan Gratifikasi
                                                                       Anti-Corruption and Anti-Gratification Policies
                                                                       Kebijakan Insider Trading
                                                                                                                                              156

TATA KELOLA PERUSAHAAN                                                 Insider Trading Policy                                                 157
Good Corporate Governance                                              Kebijakan Benturan Kepentingan
                                                                       Conflict of Interest Policy                                            157
 Komitmen dan Prinsip Penerapan GCG
 Commitment and Principles of GCG Implementation                112    Kepatuhan Perpajakan
                                                                       Tax Compliance                                                         158
 Struktur GCG
 GCG Structure                                                  113    Penerapan Pedoman Tata Kelola Perusahaan Terbuka
                                                                       Implementation of Public Company Governance Guidelines                 158
 Rapat Umum Pemegang Saham
 General Meeting of Shareholders                                114    Pedoman Umum Governansi Korporat Indonesia 2021 dan
                                                                       Annual Report Award 2022
 Dewan Komisaris                                                       General Guidelines for Indonesian Corporate Governance                 162
 Board of Commissioners                                         116
                                                                       2021 and Annual Report Award 2022
 Direksi
                                                                121
                                                                      180
 Board of Directors
 Penilaian Kinerja Dewan Komisaris dan Direksi
 Board of Commissioners’ and Board of Directors’                125
 Performance Assessment
                                                                      TANGGUNG JAWAB SOSIAL DAN
 Pelatihan dan/atau Peningkatan Kompetensi
 Dewan Komisaris dan Direksi
                                                                      LINGKUNGAN HIDUP
 Competency Training and/or Development for the Board of        126   Social and Environmental Responsibility
 Commissioners and Board of Directors
                                                                      Ikhtisar Tanggung Jawab Sosial
 Nominasi dan Remunerasi Dewan Komisaris dan Direksi                  Social Responsibility Highlights                                        182
 Nomination and Remuneration for the Board of                   128
 Commissioners and the Board of Directors                             Ikhtisar Tanggung Jawab Lingkungan Hidup
                                                                      Environmental Responsibility Highlights                                 185
 Hubungan Afiliasi antara Dewan Komisaris dan Direksi           130
 Affiliation of Board of Commissioners and Board of Directors         Laporan Keuangan Konsolidasian
                                                                      Consolidated Financial Statements                                       186



                                                                                                               PT Archi Indonesia Tbk
                                                                                                                         2023 Annual Report
                                                                                                                                                    3
Page 6
    KEUNGGULAN KOMPETITIF
    Competitive Advantage




        Merupakan salah satu produsen emas terbesar
         di Indonesia dan Asia Tenggara, baik dari sisi
       jumlah output produksi per tahun maupun jumlah
        cadangan bijih, dengan potensi ekspansi jangka
              pendek tanpa risiko yang signifikan.

               One of the largest gold producers in
              Indonesia and Southeast Asia, both in
             terms of annual production output and
            ore reserves, with short-term expansion
                potential without significant risk.




         Potensi pengembangan yang signifikan dan              Dukungan yang kuat dari konglomerat
       peningkatan eksplorasi untuk mengembangkan          Indonesia yang memiliki reputasi baik dengan
          lebih lanjut produksi dan cadangan bijih.        rekam jejak membangun operasi kelas dunia.
             Significant development potential and        Strong support from Indonesian conglomerates
            increased exploration to further expand       with a reputable track record of building world-
                 production and ore reserves.                            class operations.




4     PT Archi Indonesia Tbk
      Laporan Tahunan 2023
Page 7
                                        Dasar biaya rendah secara struktural dengan
                                        rekam jejak operasi yang efisien dan efektif
                                                     yang telah terbukti.
                                            Has a structurally low-cost basis with
                                            a proven track record of efficient and
                                                    effective operations.




Menghasilkan arus kas bebas yang kuat   Manajemen senior yang sangat berpengalaman
         dan berkelanjutan.               dengan tata kelola perusahaan yang kuat.

                                         Highly experienced senior management with
  Generates strong and sustainable               strong corporate governance.
          free cash flows.




                                                                     PT Archi Indonesia Tbk
                                                                          2023 Annual Report
                                                                                               5
Page 8
    PENCAPAIAN TAHUN 2023
    2023 Achievements



               Kinerja Keuangan
               Financial Performance
                                               disajikan dalam AS$ / expressed in US$



            Pendapatan dari Kontrak
            dengan Pelanggan                       Total Aset
            Revenue from Contracts                 Total Assets
            with Customers



                     2023                                 2023

        AS$249.630.768                        AS$803.580.181
                     2022                                 2022

            AS$216.476.272                       AS$717.816.422
      Meningkat / Increased by   15,32%    Meningkat / Increased by    11,95%




             Laba Tahun Berjalan                   Total Liabilitas
             Profit for the Year                   Total Liabilities




                     2023                                 2023

          AS$14.759.124                      AS$540.950.196
                     2022                                 2022

             AS$14.536.813                      AS$470.060.983
     Meningkat / Increased by    1,53%     Meningkat / Increased by    15,08%




             Total Penghasilan
             Komprehensif Tahun Berjalan           Total Ekuitas
             Total Comprehensive Income            Total Equity
             for the Year



                     2023                                 2023

         AS$14.874.546                       AS$262.629.985
                     2022                                 2022

              AS$15.168.117                      AS$247.755.439
      Menurun / Decreased by     1,94%     Meningkat / Increased by    6,00%




6     PT Archi Indonesia Tbk
      Laporan Tahunan 2023
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         Kinerja Operasional
         Operational Performance
                                           disajikan dalam kilo ons / expressed in kilo ounces




    Volume Produksi Emas
    Gold Production Volume


              2023

           123,25
               2022

              111,10
Meningkat / Increased by   10,94%




                                              Volume Penjualan Emas
                                              Gold Sales Volume




                                    2023            120,55
                                    2022            117,27

                                    Meningkat / Increased by                 2,80%




    Volume Produksi Perak
   Silver Production Volume
                                              Volume Penjualan Perak
              2023                            Silver Sales Volume


            219,67
                                    2023            226,38
               2022

              191,62                2022            257,81

Meningkat / Increased by   14,64%   Menurun / Decreased by                   12,19%




                                                                 PT Archi Indonesia Tbk
                                                                        2023 Annual Report
                                                                                                 7
Page 10
           KILAS
           KILAS
           KINERJA
           KINERJA
             Performance Highlights
           Performance Highlights



8   PT Archi Indonesia Tbk
    Laporan Tahunan 2023
Page 11
PT Archi Indonesia Tbk
     2023 Annual Report
                          9
Page 12
     Ikhtisar Keuangan
     Financial Highlights
                                                                    disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless stated otherwise


                        Uraian                2023              2022                       2021                              Description

     LAPORAN POSISI KEUANGAN KONSOLIDASIAN / CONSOLIDATED STATEMENT OF FINANCIAL POSITION

     Total Aset Lancar                       94.562.276         87.174.516                79.159.781                                Total Current Assets

     Total Aset Tidak Lancar                 709.017.905      630.641.906               610.537.624                           Total Non-Current Assets

     Total Aset                             803.580.181        717.816.422             689.697.405                                           Total Assets

     Total Liabilitas Jangka Pendek          122.160.820      201.502.683               201.424.186                             Total Current Liabilities

     Total Liabilitas Jangka Panjang         418.789.376      268.558.300               255.685.897                       Total Non-Current Liabilities

     Total Liabilitas                       540.950.196       470.060.983               457.110.083                                      Total Liabilities

     Total Ekuitas                          262.629.985       247.755.439              232.587.322                                           Total Equity

     Total Liabilitas dan Ekuitas           803.580.181        717.816.422             689.697.405                          Total Liabilities and Equity

     LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN / CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
     COMPREHENSIVE INCOME

     Pendapatan dari Kontrak dengan                                                                                      Revenue from Contracts with
                                            249.630.768       216.476.272               345.909.671
     Pelanggan                                                                                                                           Customers

     Beban Pokok Penjualan                  (179.861.073)    (156.945.808)             (209.419.067)                                 Cost of Goods Sold

     Laba Bruto                              69.769.695        59.530.464               136.490.604                                           Gross Profit

     Laba Usaha                               55.631.026        47.529.195              134.559.487                            Income from Operations

     Laba Sebelum Beban Pajak Penghasilan    28.208.903        28.573.265                117.281.924                Profit before Income Tax Expense

     Beban Pajak Penghasilan                 (13.449.779)     (14.036.452)              (42.213.776)                               Income Tax Expense

     Laba Tahun Berjalan yang Dapat
                                              14.759.124       14.536.813                75.068.148              Income for the Year Attributable to:
     Diatribusikan kepada:

       Pemilik Entitas Induk                  14.569.739       14.550.694                 75.175.794                            Owners of the Parent

       Kepentingan non-pengendali                189.385           (13.871)                 (107.646)                      Non-controlling interests

     Penghasilan Komprehensif Lain Tahun                                                                        Other Comprehensive Income for the
                                                 115.422          631.304                    522.279
     Berjalan Setelah Pajak                                                                                                       Year, Net of Tax

     Total Penghasilan Komprehensif Tahun
                                                                                                                Total Comprehensive Income for the
     Berjalan yang Dapat Diatribusikan       14.874.546         15.168.117               75.590.427
                                                                                                                              Year Attributable to:
     kepada:

        Pemilik Entitas Induk                 14.696.975        15.168.641               75.692.880                             Owners of the Parent

        Kepentingan non-pengendali                177.571            (524)                  (102.453)                      Non-controlling interests

     Laba per Saham Dasar yang Dapat
                                                                                                               Basic Earnings per Share Attributable
     Diatribusikan kepada Pemilik Entitas        0,0006            0,0006                     0,0031
                                                                                                                            to Owners of the Parent
     Induk

     LAPORAN ARUS KAS KONSOLIDASIAN / CONSOLIDATED STATEMENT OF CASH FLOWS

     Kas Neto Diperoleh dari Aktivitas                                                                                 Net Cash Provided by Operating
                                              21.222.391       54.291.208                124.170.086
     Operasi                                                                                                                                Activities

     Kas Neto Digunakan untuk Aktivitas
                                            (122.294.351)     (69.344.752)              (118.157.954)            Net Cash Used in Investing Activities
     Investasi

     Kas Neto Diperoleh dari (Digunakan                                                                                 Net Cash Provided by (Used in)
                                              99.996.711        13.676.772              (33.897.655)
     untuk) Aktivitas Pendanaan                                                                                                   Financing Activities

                                                                                                                     Cash and Cash Equivalents at the
     Kas dan Setara Kas Awal Tahun           10.339.434        12.298.872                40.190.872
                                                                                                                                Beginning of the Year

                                                                                                                Cash and Cash Equivalents at the End
     Kas dan Setara Kas Akhir Tahun            9.320.177       10.339.434                 12.298.872
                                                                                                                                         of the Year




10      PT Archi Indonesia Tbk
        Laporan Tahunan 2023
Page 13
                                                                                                                                              Kilas Kinerja
                                                                                                                                     Performance Highlights




                                                                           disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless stated otherwise


                    Uraian                          2023                 2022                     2021                               Description

 RASIO KEUANGAN / FINANCIAL RATIOS

 Rasio Laba Tahun Berjalan terhadap                                                                                            Profit for the Year to Total Assets
                                                           1,84             2,03                       10,88
 Total Aset (%)                                                                                                                                          Ratio (%)

 Rasio Laba Tahun Berjalan terhadap                                                                                    Profit for the Year to Total Equity Ratio
                                                          5,62               5,87                      32,28
 Total Ekuitas (%)                                                                                                                                           (%)

 Margin Laba Bruto (%)                                   27,95             27,50                       39,46                             Gross Profit Margin (%)

 Margin Laba Bersih (%)                                    5,91              6,72                      21,70                                Net Profit Margin (%)

 Rasio Lancar (x)                                         0,77              0,43                        0,39                                    Current Ratio (x)

 Rasio Total Liabilitas terhadap Total
                                                          2,06               1,90                         1,97         Total Liabilities to Total Equity Ratio (x)
 Ekuitas (x)

 Rasio Total Liabilitas terhadap Total
                                                          0,67              0,65                        0,66           Total Liabilities to Total Assets Ratio (x)
 Aset (x)

 Rasio Utang Bersih terhadap Total
                                                           1,51                 1,21                      1,22                       Net Debt to Equity Ratio (x)
 Ekuitas (x)




Total Aset (AS$)                                                                Total Liabilitas (AS$)
Total Assets (AS$)                                                              Total Liabilities (AS$)

 2021                                               689.697.405                  2021                                                457.110.083


 2022                                                  717.816.422               2022                                                470.060.983


 2023                                                      803.580.181           2023                                                         540.950.196




Total Ekuitas (AS$)                                                             Beban Pokok Penjualan (AS$)
Total Equity (AS$)                                                              Cost of Goods Sold (AS$)

 2021                            232.587.322                                     2021                                  209.419.067


 2022                                247.755.439                                 2022                156.945.808


 2023                                    262.629.985                             2023                            179.861.073




Pendapatan (AS$)                                                                Laba Tahun Berjalan (AS$)
Revenue (AS$)                                                                   Income for the Year (AS$)

 2021                                              345.909.671                   2021                            75.068.148


 2022                         216.476.272                                        2022          14.536.813


 2023                             249.630.768                                    2023          14.759.124




                                                                                                                                    PT Archi Indonesia Tbk
                                                                                                                                           2023 Annual Report
                                                                                                                                                                      11
Page 14
     Ikhtisar Operasional
     Operational Highlights



                                                                                                             disajikan dalam AS$ / expressed in US$

                   Uraian                    2023                     2022                     2021                          Description

     PERDAPATAN SEGMEN OPERASI / OPERATING SEGMENT REVENUE

     Penambangan Emas                    177.242.756                201.129.133               337.751.681                             Gold Mining

     Perdagangan dan
                                             72.388.012              15.347.139                8.063.864              Gold Trading and Processing
     Pengolahan Emas

     Lain-Lain                                        -                       -                     94.126                                 Others

     Total                              249.630.768                 216.476.272              345.909.671                                        Total




     Ikhtisar Saham
     Stock Highlights



                                                                                   Jumlah Saham
                                                                                      Beredar              Volume               Kapitalisasi
                                                                     Harga        (Lembar Saham)        Perdagangan                 Pasar
                            Harga Terendah      Harga Tertinggi
             Periode                                               Penutupan           Total          (Lembar Saham)          (Jutaan Rupiah)
                             Lowest Price        Highest Price
             Period                                               Closing Price     Outstanding        Trading Volume              Market
                                 (Rp)                (Rp)
                                                                      (Rp)            Shares             (Number of            Capitalization
                                                                                    (Number of             Shares)            (Million Rupiah)
                                                                                      Shares)

                                                                     2023
     Triwulan I
                                  316                     406         340          24.835.000.000            506.799.000          8.443.900
     1st Quarter

     Triwulan II
                                  320                     374         342          24.835.000.000            225.588.100          8.493.570
     2nd Quarter

     Triwulan III
                                  328                     436         340          24.835.000.000            628.912.200          8.443.900
     3rd Quarter

     Triwulan IV
                                  308                 484             408          24.835.000.000        3.729.721.300            10.132.680
     4th Quarter

                                                                     2022
     Triwulan I
                                  444                     595          478         24.835.000.000            602.109.000           11.871.130
     1st Quarter

     Triwulan II
                                  322                     490         322          24.835.000.000            533.964.900           7.996.870
     2nd Quarter

     Triwulan III
                                  296                     390          336         24.835.000.000            164.712.700           8.344.560
     3rd Quarter

     Triwulan IV
                                  308                     352          332         24.835.000.000             83.065.000          8.245.220
     4th Quarter




12       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 15
                                                                                                                                                              Kilas Kinerja
                                                                                                                                                     Performance Highlights




Volume Perdagangan (Lembar Saham)                                                                                                                           Harga Penutupan (Rp)
Transaction Volume (Shares)                                                                                                                                     Closing Price (Rp)
 400.000.000                                                                                                                                                         600

  350.000.000
                                                                                                                                                                     500
  300.000.000
                                                                                                                                                                     400
  250.000.000

 200.000.000                                                                                                                                                         300

  150.000.000
                                                                                                                                                                     200
  100.000.000
                                                                                                                                                                     100
   50.000.000

            -                                                                                                                                                        -
                                                          Aug




                                                                                                                                   Aug
                                                                                                                 May
                                        May
                Jan
                      Feb
                            Mar


                                  Apr



                                              Jun

                                                    Jul




                                                                Sep

                                                                      Oct

                                                                            Nov

                                                                                  Dec

                                                                                        Jan

                                                                                              Feb

                                                                                                    Mar

                                                                                                           Apr



                                                                                                                       Jun

                                                                                                                             Jul




                                                                                                                                         Sep

                                                                                                                                               Oct

                                                                                                                                                     Nov

                                                                                                                                                           Dec
                                                    2022                                                                     2023

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




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


Pada tahun 2023, Perseroan tidak melakukan aksi korporasi,                                    In 2023, the Company did not conduct any corporate action,
seperti pemecahan saham, penggabungan saham, dividen saham,                                   including stock split, reverse stock, share dividend, bonus share,
saham bonus, perubahan nilai nominal saham, penerbitan efek                                   change in par value of shares, issuance of convertible securities,
konversi, serta penambahan dan pengurangan modal. Selain itu,                                 nor capital increase or decrease. In addition, the Company did not
Perseroan tidak menerima sanksi berupa penghentian sementara                                  get any sanctions such as suspended and/or delisted from trading
perdagangan saham dan/atau pembatalan pencatatan saham                                        from the Indonesia Stock Exchange.
dari Bursa Efek Indonesia.




                                                                                                                                                     PT Archi Indonesia Tbk
                                                                                                                                                            2023 Annual Report
                                                                                                                                                                                     13
Page 16
     Peristiwa Penting
     Important Events



             Agustus / August 2023                                                                                16

     Pinjaman Sindikasi
     Perseroan memperoleh fasilitas Pinjaman Sindikasi berjangka yang dijamin.
     Syndicated Loan
     The company obtained a guaranteed term Syndicated Loan facility.




      19                         Juni / June 2023                          Juni / June 2023                       19

     Rapat Umum Pemegang Saham Tahunan                             Paparan Publik
     Perseroan menyelenggarakan RUPS Tahunan tahun buku            Perseroan menyelenggarakan Paparan Publik tahun buku
     2022.                                                         2022.
     Annual General Meeting of Shareholders                        Public Expose
     The Company held its Annual General Meeting of                The Company conducted a Public Expose for the fiscal
     Shareholders for the fiscal year 2022                         year 2022.




14      PT Archi Indonesia Tbk
        Laporan Tahunan 2023
Page 17
                                                                                                                    Kilas Kinerja
                                                                                                           Performance Highlights




Penghargaan dan Sertifikasi
Awards and Certifications



Penghargaan
Awards

MSM
                Nama Penghargaan / Name of Award
                Tamasya Awards 2023
                Atas prestasinya dalam Kinerja Pengembangan Pemberdayaan Masyarakat Mineral kategori Implementasi bidang
                Infrastruktur dalam Bentuk Pengembangan Modal Platform Digital untuk Aktivasi dan Literasi Program-Program PPM
                Periode Penilaian 2022.
                Tamasya Awards 2023
                In recognition of its achievements in the Development Performance of Mineral Community Empowerment, specifically in
                the Implementation of Infrastructure within the Digital Platform Development for Activation and Literacy Programs of the
                Community Development and Empowerment (PPM) during the Assessment Period of 2022.

                Tanggal / Date
                8 Desember 2023
                December 8, 2023

                Penyelenggara / Organizer
                Menteri Energi dan Sumber Daya Mineral Republik Indonesia
                Minister of Energy and Mineral Resources, Republic of Indonesia




                Nama Penghargaan / Name of Award
                Indonesian CSR Awards – ICA 2023
                Corporate Social Responsibility based on ISO 26000:2013 kategori Platinum
                Upaya Peningkatan Kapasitas Ekonomi Wanita Nelayan melalui Penguatan dan Pengembangan Unit Usaha Pengepul dan
                Pedagang Kecil Ikan (Tibo-Tibo).
                Indonesian CSR Awards – ICA 2023
                Corporate Social Responsibility based on ISO 26000:2013 in Platinum category
                Efforts to Improve the Economic Capacity of Women Fishermen through Strengthening and Developing Fish Collection
                and Small Fish Trader Business Units (Tibo-Tibo).

                Tanggal / Date
                4 Desember 2023
                December 4, 2023

                Penyelenggara / Organizer
                Corporate Forum for CSR Development




                Nama Penghargaan / Name of Award
                Indonesia Sustainable Development Goals Award – ISDA 2023
                Corporate Social Responsibility based on ISO 26000:2013 for SDGs kategori Perseorangan Terbaik 1 Level Local Hero on
                SDGs bidang Penguatan Sistem Pertanian Terpadu
                Indonesia Sustainable Development Goals Award – ISDA 2023
                Corporate Social Responsibility based on ISO 26000:2013 for SDGs in the Best Individual category, Level 1 Local Hero
                on SDGs in the field of Strengthening Integrated Agricultural Systems

                Tanggal / Date
                4 Desember 2023
                December 4, 2023

                Penyelenggara / Organizer
                Corporate Forum for CSR Development




                                                                                                           PT Archi Indonesia Tbk
                                                                                                                 2023 Annual Report
                                                                                                                                           15
Page 18
                              Nama Penghargaan / Name of Award
                              Penghargaan Aditama
                              Atas prestasinya dalam Pengelolaan Keselamatan Pertambangan Mineral dan Batubara untuk Kelompok Pemegang
                              Kontrak Karya, Izin Usaha Pertambangan Khusus, Izin Usaha Pertambangan Khusus sebagai Kelanjutan Operasi Kontrak/
                              Perjanjian, Izin Usaha Pertambangan Milik Negara, dan Izin Usaha Pertambangan dalam rangka Penanaman Modal Asing
                              Komoditas Mineral Periode Penilaian Tahun 2022.
                              Aditama Award
                              In recognition of its achievements in the Safety Management of Mineral and Coal Mining for Contract of Work Holders,
                              Special Mining Business License Holders, Special Mining Business License as a Continuation of Contract/Agreement
                              Operations, State-Owned Mining Business License Holders, and Foreign Direct Investment Mining Business License for
                              Mineral Commodities during the Assessment Period of 2022.

                              Tanggal / Date
                              29 September 2023
                              September 29, 2023

                              Penyelenggara / Organizer
                              Menteri Energi dan Sumber Daya Mineral Republik Indonesia
                              Minister of Energy and Mineral Resources, Republic of Indonesia

                              Nama Penghargaan / Name of Award
                              Penghargaan Pratama
                              Atas prestasinya dalam Pengelolaan Konservasi Mineral dan Batubara untuk Kelompok Pemegang Perizinan Berusaha
                              Komoditas Mineral Logam Periode Penilaian Tahun 2022.
                              Pratama Award
                              In recognition of its achievements in the Management of Mineral and Coal Conservation for the Holders of Mineral Metal
                              License Business Permit Holders during the Assessment Period of 2022.

                              Tanggal / Date
                              29 September 2023
                              September 29, 2023

                              Penyelenggara / Organizer
                              Menteri Energi dan Sumber Daya Mineral Republik Indonesia
                              Minister of Energy and Mineral Resources, Republic of Indonesia




                              Nama Penghargaan / Name of Award
                              Penghargaan Pratama
                              Atas prestasinya dalam Pengelolaan Standarisasi dan Usaha Jasa Pertambangan Mineral dan Batubara untuk Kelompok
                              Perusahaan Pengelola Usaha Jasa Pertambangan Periode Penilaian Tahun 2022.
                              Pratama Award
                              In recognition of its achievements in the Management of Standardization as well as Mineral and Coal Mining Services for
                              Group of Companies that Manage Mining Services Company during the Assessment Period of 2022.

                              Tanggal / Date
                              29 September 2023
                              September 29, 2023

                              Penyelenggara / Organizer
                              Menteri Energi dan Sumber Daya Mineral Republik Indonesia
                              Minister of Energy and Mineral Resources, Republic of Indonesia




                              Nama Penghargaan / Name of Award
                              Penghargaan Terbaik
                              Atas prestasinya dalam Pengelolaan Keselamatan Pertambangan Mineral dan Batubara untuk Kelompok Pemegang
                              Kontrak Karya, Izin Usaha Pertambangan Khusus, Izin Usaha Pertambangan Khusus sebagai Kelanjutan Operasi Kontrak/
                              Perjanjian, Izin Usaha Pertambangan Badan Usaha Milik Negara, dan Izin Usaha Pertambangan dalam rangka Penanaman
                              Modal Asing Komoditas Mineral Periode Penilaian Tahun 2022
                              Best Award
                              In recognition of its achievements in the Safety Management of Mineral and Coal Mining for Contract of Work Holders,
                              Special Mining Business License Holders, Special Mining Business License as a Continuation of Contract/Agreement
                              Operations, State-Owned Mining Business License Holders, and Foreign Direct Investment Mining Business License for
                              Mineral Commodities during the Assessment Period of 2022.

                              Tanggal / Date
                              29 September 2023
                              September 29, 2023

                              Penyelenggara / Organizer
                              Menteri Energi dan Sumber Daya Mineral Republik Indonesia
                              Minister of Energy and Mineral Resources, Republic of Indonesia


16   PT Archi Indonesia Tbk
     Laporan Tahunan 2023
Page 19
                                                                                                         Kilas Kinerja
                                                                                                Performance Highlights




      Nama Penghargaan / Name of Award
      Penghargaan Utama
      Atas Prestasinya dalam Pengelolaan Lingkungan Hidup Pertambangan Mineral dan Batubara untuk Kelompok Pemegang
      Kontrak Karya, Izin Usaha Pertambangan Khusus, Izin Usaha Pertambangan Khusus sebagai Kelanjutan Operasi Kontrak/
      Perjanjian Komoditas Mineral Logam Periode Penilaian Tahun 2022.
      Utama Award
      In recognition of its achievements in the Environmental Management of Mineral and Coal Mining for Contract of Work
      Holders, Special Mining Business License Holders, Special Mining Business License as a Continuation of Contract/
      Agreement Operations for Mineral Metal Commodities during the Assessment Period of 2022.

      Tanggal / Date
      29 September 2023
      September 29, 2023

      Penyelenggara / Organizer
      Menteri Energi dan Sumber Daya Mineral Republik Indonesia
      Minister of Energy and Mineral Resources, Republic of Indonesia

TTN
      Nama Penghargaan / Name of Award
      Penghargaan Pratama
      Atas prestasinya dalam Pengelolaan Standarisasi dan Usaha Jasa Pertambangan Mineral dan Batubara untuk Kelompok
      Perusahaan Pengelola Usaha Jasa Pertambangan Periode Penilaian Tahun 2022.
      Pratama Award
      In recognition of its achievements in the Management of Standardization as well as Mineral and Coal Mining Services for
      Group of Companies that Manage Mining Services Company during the Assessment Period of 2022.

      Tanggal / Date
      29 September 2023
      September 29, 2023

      Penyelenggara / Organizer
      Menteri Energi dan Sumber Daya Mineral Republik Indonesia
      Minister of Energy and Mineral Resources, Republic of Indonesia




      Nama Penghargaan / Name of Award
      Penghargaan Utama
      Atas prestasinya dalam Pengelolaan Keselamatan Pertambangan Mineral dan Batubara untuk Kelompok Pemegang
      Kontrak Karya, Izin Usaha Pertambangan Khusus, Izin Usaha Pertambangan Khusus sebagai Kelanjutan Operasi Kontrak/
      Perjanjian, Izin Usaha Pertambangan Milik Negara, dan Izin Usaha Pertambangan dalam rangka Penanaman Modal Asing
      Komoditas Mineral Periode Penilaian Tahun 2022.
      Utama Award
      In recognition of its achievements in the Safety Management of Mineral and Coal Mining for Contract of Work Holders,
      Special Mining Business License Holders, Special Mining Business License as a Continuation of Contract/Agreement
      Operations, State-Owned Mining Business License Holders, and Foreign Direct Investment Mining Business License for
      Mineral Commodities during the Assessment Period of 2022.

      Tanggal / Date
      29 September 2023
      September 29, 2023

      Penyelenggara / Organizer
      Menteri Energi dan Sumber Daya Mineral Republik Indonesia
      Minister of Energy and Mineral Resources, Republic of Indonesia


      Nama Penghargaan / Name of Award
      Penghargaan Utama
      Atas Prestasinya dalam Pengelolaan Lingkungan Hidup Pertambangan Mineral dan Batubara untuk Kelompok Pemegang
      Kontrak Karya, Izin Usaha Pertambangan Khusus, Izin Usaha Pertambangan Khusus sebagai Kelanjutan Operasi Kontrak/
      Perjanjian Komoditas Mineral Logam Periode Penilaian Tahun 2022.
      Utama Award
      In recognition of its achievements in the Environmental Management of Mineral and Coal Mining for Contract of Work
      Holders, Special Mining Business License Holders, Special Mining Business License as a Continuation of Contract/
      Agreement Operations for Mineral Metal Commodities during the Assessment Period of 2022.

      Tanggal / Date
      29 September 2023
      September 29, 2023

      Penyelenggara / Organizer
      Menteri Energi dan Sumber Daya Mineral Republik Indonesia
      Minister of Energy and Mineral Resources, Republic of Indonesia


                                                                                                PT Archi Indonesia Tbk
                                                                                                       2023 Annual Report
                                                                                                                                17
Page 20
     Sertifikasi
     Certifications

     MSM
                                                                                                                                                                                                        Nama Penghargaan / Name of Award
                                                                                                                                                                                                        ISO 45001:2018
                                                                     Current issue date:              11 July 2023                      Original approval(s):
                                                                     Expiry date:                     2 August 2025                     ISO 14001 - 3 August 2016
                                                                     Certificate identity number:     10545580                          ISO 45001 - 11 July 2023




         Certificate of Approval                                                                                                                                                                        Sistem Manajemen Kesehatan dan Keselamatan Kerja
         This is to certify that the Management System of:
                                                                                                                                                                                                        Proyek Toka Tindung, Desa Winuri, Kecamatan Likupang Timur, Kabupaten Minahasa Utara, Sulawesi Utara, Sulawesi
         PT Meares Soputan Mining
         Tokatindung Project, Desa Winuri, kec. Likupang Timur, Kab. Minahasa Utara, Sulawesi Utara,
         Sulawesi Utara, 95373, Indonesia
                                                                                                                                                                                                        Utara 95373
         has been approved by LRQA to the following standards:

         ISO 14001:2015, ISO 45001:2018


                                                                                                                                                                                                        ISO 45001:2018
         Approval number(s): ISO 14001 – 0049340, ISO 45001 – 00041242



         The scope of this approval is applicable to:




                                                                                                                                                                                                        Occupational Health and Safety Management System
         Open cut gold mining covering exploration, exploitation, ore processing and supporting activities to produce bullion based on
         contract of work No : B-43/PRES/11/1986.




                                                                                                                                                                                                        Toka Tindung Project, Winuri Village, East Likupang District, North Minahasa Regency, North Sulawesi, North Sulawesi 95373.

                                                                                                                                                                                                        Tanggal / Date
                                                                                                                                                                                                        11 Juli 2023 – 2 Agustus 2025 / July 11, 2023 – August 2, 2025
         Luis Cunha

         ________________________
         Area Operations Manager - North Asia & SAMEA

         Issued by: LRQA Limited


         LRQA Group Limited, its affiliates and subsidiaries and their respective officers, employees or agents are, individually and collectively, referred to in this clause as 'LRQA'.
         LRQA assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on the information or advice in this document or
         howsoever provided, unless that person has signed a contract with the relevant LRQA entity for the provision of this information or advice and in that case any responsibility or
         liability is exclusively on the terms and conditions set out in that contract.
         Issued by: LRQA Limited, 1 Trinity Park, Bickenhill Lane, Birmingham B37 7ES, United Kingdom




                                                                                                                                                                                                        Penyelenggara / Organizer
                                                                                                                                                                            Page 1 of 1




                                                                                                                                                                                                        PT Lloyd’s Register Indonesia (Llyod’s Register Quality Assurance Limited)



                                                                                                                                                                                                        Nama Penghargaan / Name of Award
                                                                                                                                                                                                        ISO 14001:2015
                                                                     Current issue date:              11 July 2023                      Original approval(s):
                                                                     Expiry date:                     2 August 2025                     ISO 14001 - 3 August 2016
                                                                     Certificate identity number:     10545580                          ISO 45001 - 11 July 2023




         Certificate of Approval                                                                                                                                                                        Sistem Manajemen Lingkungan
         This is to certify that the Management System of:


         PT Meares Soputan Mining
                                                                                                                                                                                                        Proyek Toka Tindung, Desa Winuri, Kecamatan Likupang Timur, Kabupaten Minahasa Utara, Sulawesi Utara, Sulawesi
         Tokatindung Project, Desa Winuri, kec. Likupang Timur, Kab. Minahasa Utara, Sulawesi Utara,
         Sulawesi Utara, 95373, Indonesia
                                                                                                                                                                                                        Utara 95373
         has been approved by LRQA to the following standards:

         ISO 14001:2015, ISO 45001:2018



                                                                                                                                                                                                        ISO 14001:2015
         Approval number(s): ISO 14001 – 0049340, ISO 45001 – 00041242



         The scope of this approval is applicable to:




                                                                                                                                                                                                        Environmental Management System
         Open cut gold mining covering exploration, exploitation, ore processing and supporting activities to produce bullion based on
         contract of work No : B-43/PRES/11/1986.




                                                                                                                                                                                                        Toka Tindung Project, Winuri Village, East Likupang District, North Minahasa Regency, North Sulawesi, North Sulawesi 95373

         Luis Cunha
                                                                                                                                                                                                        Tanggal / Date
                                                                                                                                                                                                        11 Juli 2023 – 2 Agustus 2025 / July 11, 2023 – August 2, 2025
         ________________________
         Area Operations Manager - North Asia & SAMEA

         Issued by: LRQA Limited


         LRQA Group Limited, its affiliates and subsidiaries and their respective officers, employees or agents are, individually and collectively, referred to in this clause as 'LRQA'.
         LRQA assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on the information or advice in this document or
         howsoever provided, unless that person has signed a contract with the relevant LRQA entity for the provision of this information or advice and in that case any responsibility or
         liability is exclusively on the terms and conditions set out in that contract.
         Issued by: LRQA Limited, 1 Trinity Park, Bickenhill Lane, Birmingham B37 7ES, United Kingdom
                                                                                                                                                                            Page 1 of 1




                                                                                                                                                                                                        Penyelenggara / Organizer
                                                                                                                                                                                                        PT Lloyd’s Register Indonesia (Llyod’s Register Quality Assurance Limited)



                                                                                                                                                                                                        Nama Penghargaan / Name of Award
                                                                                                                                                                                                        ISO 14001:2015
                                                                       Current issue date:                 3 August 2022                        Original approval(s):
                                                                       Expiry date:                        2 August 2025                        ISO 14001 - 3 August 2016
                                                                       Certificate identity number:        10451643




      Certificate of Approval                                                                                                                                                                           Sistem Manajemen Lingkungan
      This is to certify that the Management System of:


      PT Meares Soputan Mining                                                                                                                                                                          Proyek Toka Tindung, Desa Winuri, Kecamatan Likupang Timur, Kabupaten Minahasa Utara, Sulawesi Utara, Sulawesi
      Tokatindung Project, Desa Winuri, kec. Likupang Timur, Kab. Minahasa Utara, Sulawesi Utara,
      Sulawesi Utara, 95373, Indonesia                                                                                                                                                                  Utara 95373
      has been approved by LRQA to the following standards:

      ISO 14001:2015



                                                                                                                                                                                                        ISO 14001:2015
      Approval number(s): ISO 14001 – 0049340



      The scope of this approval is applicable to:




                                                                                                                                                                                                        Environmental Management System
      Open cut gold mining covering exploration, exploitation, ore processing and supporting activities to produce bullion based on
      contract of work No : B-43/PRES/11/1986.




                                                                                                                                                                                                        Toka Tindung Project, Winuri Village, East Likupang District, North Minahasa Regency, North Sulawesi, North Sulawesi 95373

                                                                                                                                                                                                        Tanggal / Date
                                                                                                                                                                                                        3 Agustus 2022 - 2 Agustus 2025 / August 3, 2022 – August 2, 2025
      Luis Cunha

      ________________________
      Area Operations Manager - SAMEA

      Issued by: LRQA Limited


      LRQA Group Limited, its affiliates and subsidiaries and their respective officers, employees or agents are, individually and collectively, referred to in this clause as 'LRQA'.
      LRQA assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on the information or advice in this document or
      howsoever provided, unless that person has signed a contract with the relevant LRQA entity for the provision of this information or advice and in that case any responsibility or
      liability is exclusively on the terms and conditions set out in that contract.
      Issued by: LRQA Limited, 1 Trinity Park, Bickenhill Lane, Birmingham B37 7ES, United Kingdom




                                                                                                                                                                                                        Penyelenggara / Organizer
                                                                                                                                                                                          Page 1 of 1




                                                                                                                                                                                                        PT Lloyd’s Register Indonesia (Llyod’s Register Quality Assurance Limited)



                                                                                                                                                                                                        Nama Penghargaan / Name of Award
                                                                                                                                                                                                        ISO 45001:2018
                                                                                                                                                                                                        Sistem Manajemen Kesehatan dan Keselamatan Kerja
                                                                                                                                                                                                        Gold Mining Operation, Exploration and Processing Plant (Crushing, Milling, Leaching, Gold Puring and Tailing Managamenet)
                                                                                                                                                                                                        and Its Supporting Activities

                                                                                                                                                                                                        ISO 45001:2018
                                                                                                                                                                                                        Occupational Health and Safety Management System
                                                                                                                                                                                                        Gold Mining Operation, Exploration and Processing Plant (Crushing, Milling, Leaching, Gold Pouring, and Tailings Management)
                                                                                                                                                                                                        and Its Supporting Activities

                                                                                                                                                                                                        Tanggal / Date
                                                                                                                                                                                                        6 April 2020 - 6 April 2023 / April 6, 2020 – April 6, 2023

                                                                                                                                                                                                        Penyelenggara / Organizer
                                                                                                                                                                                                        SGS United Kingdom Ltd




18                       PT Archi Indonesia Tbk
                         Laporan Tahunan 2023
Page 21
                                                                                                                                                                                                                                                                                                    Kilas Kinerja
                                                                                                                                                                                                                                                                                           Performance Highlights




TTN
                                                                                                                                                                                              Nama Penghargaan / Name of Award
                                                                                                                                                                                              ISO 45001:2018
                                                              Current Issue Date:               31 July 2023                     Original approval(s):
                                                              Expiry Date:                      2 August 2025                    ISO 14001 - 3 August 2016
                                                              Certificate Identity Number:      10545577                         ISO 45001 - 31 July 2023




  Certificate of Approval                                                                                                                                                                     Sistem Manajemen Kesehatan dan Keselamatan Kerja
  This is to certify that the Management System of:


  PT Tambang Tondano Nusajaya
                                                                                                                                                                                              Proyek Toka Tindung, Desa Winuri, Kecamatan Likupang Timur, Kabupaten Minahasa Utara, Sulawesi Utara, Sulawesi Utara
  Tokatindung Project Desa Winuri, Kec. Likupang Timur, Mihahasa Utara, 95373, Indonesia
                                                                                                                                                                                              95373
  has been approved by LRQA to the following standards:

  ISO 14001:2015, ISO 45001:2018
  Approval Number(s): ISO 14001 – 0049361, ISO 45001 – 00041452

  This certificate is valid only in association with the certificate schedule bearing the same number on which the locations applicable
  to this approval are listed.


  The scope of this approval is applicable to:
                                                                                                                                                                                              ISO 45001:2018
  Open cut gold mining covering exploration,exploitation, ore processing and supporting activities to produce bullion based on
  contract of work No : B-143/PRES/3/1997.
                                                                                                                                                                                              Occupational Health and Safety Management System
                                                                                                                                                                                              Toka Tindung Project, Winuri Village, East Likupang District, North Minahasa Regency, North Sulawesi, North Sulawesi 95373

  Luis Cunha
                                                                                                                                                                                              Tanggal / Date
                                                                                                                                                                                              31 Juli 2023 – 2 Agustus 2025 / July 31, 2023 – August 2, 2025
  ________________________
  Area Operations Manager - North Asia & SAMEA

  Issued by: LRQA Limited


  LRQA Group Limited, its affiliates and subsidiaries and their respective officers, employees or agents are, individually and collectively, referred to in this clause as 'LRQA'.
  LRQA assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on the information or advice in this document or
  howsoever provided, unless that person has signed a contract with the relevant LRQA entity for the provision of this information or advice and in that case any responsibility or
  liability is exclusively on the terms and conditions set out in that contract.
  Issued by: LRQA Limited, 1 Trinity Park, Bickenhill Lane, Birmingham B37 7ES, United Kingdom
                                                                                                                                                                     Page 1 of 2




                                                                                                                                                                                              Penyelenggara / Organizer
                                                                                                                                                                                              PT Lloyd’s Register Indonesia (Llyod’s Register Quality Assurance Limited)



                                                                                                                                                                                              Nama Penghargaan / Name of Award
                                                                                                                                                                                              ISO 14001:2015
                                                                 Current issue date:                 3 August 2022                       Original approval(s):
                                                                 Expiry date:                        2 August 2025                       ISO 14001 - 3 August 2016
                                                                 Certificate identity number:        10452006




 Certificate of Approval                                                                                                                                                                      Sistem Manajemen Lingkungan
 This is to certify that the Management System of:


 PT Tambang Tondano Nusajaya
                                                                                                                                                                                              Proyek Toka Tindung, Desa Winuri, Kecamatan Likupang Timur, Kabupaten Minahasa Utara, Sulawesi Utara, Sulawesi Utara
 Tokatindung Project Desa Winuri, Kec. Likupang Timur, Likupang Timur, 95373, Indonesia
                                                                                                                                                                                              95373
 has been approved by LRQA to the following standards:

 ISO 14001:2015
 Approval number(s): ISO 14001 – 0049361



 The scope of this approval is applicable to:

 Open cut gold mining covering exploration, exploitation, ore processing and supporting activities to produce bullion based on
                                                                                                                                                                                              ISO 14001:2015
                                                                                                                                                                                              Environmental Management System
 contract of work No. : B-143/PRES/3/1997.




                                                                                                                                                                                              Toka Tindung Project, Winuri Village, East Likupang District, North Minahasa Regency, North Sulawesi, North Sulawesi 95373

                                                                                                                                                                                              Tanggal / Date
                                                                                                                                                                                              31 Juli 2023 – 2 Agustus 2025 / July 31, 2023 – August 2, 2025
 Luis Cunha

 ________________________
 Area Operations Manager - SAMEA

 Issued by: LRQA Limited


 LRQA Group Limited, its affiliates and subsidiaries and their respective officers, employees or agents are, individually and collectively, referred to in this clause as 'LRQA'.
 LRQA assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on the information or advice in this document or
 howsoever provided, unless that person has signed a contract with the relevant LRQA entity for the provision of this information or advice and in that case any responsibility or
 liability is exclusively on the terms and conditions set out in that contract.
 Issued by: LRQA Limited, 1 Trinity Park, Bickenhill Lane, Birmingham B37 7ES, United Kingdom
                                                                                                                                                                                Page 1 of 1




                                                                                                                                                                                              Penyelenggara / Organizer
                                                                                                                                                                                              PT Lloyd’s Register Indonesia (Llyod’s Register Quality Assurance Limited)



                                                                                                                                                                                              Nama Penghargaan / Name of Award
                                                                                                                                                                                              ISO 14001:2015
                                                                 Current issue date:                 3 August 2022                        Original approval(s):
                                                                 Expiry date:                        2 August 2025                        ISO 14001 - 3 August 2016
                                                                 Certificate identity number:        10452006




 Certificate of Approval                                                                                                                                                                      Sistem Manajemen Lingkungan
 This is to certify that the Management System of:


 PT Tambang Tondano Nusajaya
                                                                                                                                                                                              Proyek Toka Tindung, Desa Winuri, Kecamatan Likupang Timur, Kabupaten Minahasa Utara, Sulawesi Utara, Sulawesi
 Tokatindung Project Desa Winuri, Kec. Likupang Timur, Likupang Timur, 95373, Indonesia
                                                                                                                                                                                              Utara 95373
 has been approved by LRQA to the following standards:

 ISO 14001:2015
 Approval number(s): ISO 14001 – 0049361



 The scope of this approval is applicable to:

 Open cut gold mining covering exploration, exploitation, ore processing and supporting activities to produce bullion based on
                                                                                                                                                                                              ISO 14001:2015
                                                                                                                                                                                              Environmental Management System
 contract of work No. : B-143/PRES/3/1997.




                                                                                                                                                                                              Toka Tindung Project, Winuri Village, East Likupang District, North Minahasa Regency, North Sulawesi, North Sulawesi 95373

                                                                                                                                                                                              Tanggal / Date
                                                                                                                                                                                              3 Agustus 2022 - 2 Agustus 2025 / August 3, 2022 – August 2, 2025
 Luis Cunha

 ________________________
 Area Operations Manager - SAMEA

 Issued by: LRQA Limited


 LRQA Group Limited, its affiliates and subsidiaries and their respective officers, employees or agents are, individually and collectively, referred to in this clause as 'LRQA'.
 LRQA assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on the information or advice in this document or
 howsoever provided, unless that person has signed a contract with the relevant LRQA entity for the provision of this information or advice and in that case any responsibility or
 liability is exclusively on the terms and conditions set out in that contract.
 Issued by: LRQA Limited, 1 Trinity Park, Bickenhill Lane, Birmingham B37 7ES, United Kingdom
                                                                                                                                                                                Page 1 of 1




                                                                                                                                                                                              Penyelenggara / Organizer
                                                                                                                                                                                              PT Lloyd’s Register Indonesia (Llyod’s Register Quality Assurance Limited)



                                                                                                                                                                                              Nama Penghargaan / Name of Award
                                                                                                                                                                                              ISO 45001:2018
                                                                                                                                                                                              Sistem Manajemen Kesehatan dan Keselamatan Kerja
                                                                                                                                                                                              Gold Mining Operation, Exploration and Its Supporting Activities

                                                                                                                                                                                              ISO 45001:2018
                                                                                                                                                                                              Occupational Health and Safety Management System
                                                                                                                                                                                              Gold Mining Operation, Exploration and Its Supporting Activities

                                                                                                                                                                                              Tanggal / Date
                                                                                                                                                                                              6 April 2020 - 6 April 2023 / April 6, 2020 – April 6, 2023

                                                                                                                                                                                              Penyelenggara / Organizer
                                                                                                                                                                                              SGS United Kingdom Ltd




                                                                                                                                                                                                                                                                                           PT Archi Indonesia Tbk
                                                                                                                                                                                                                                                                                                  2023 Annual Report
                                                                                                                                                                                                                                                                                                                           19
Page 22
              LAPORAN
              MANAJEMEN
              Management Report
            Company Profile



20   PT Archi Indonesia Tbk
     Laporan Tahunan 2023
Page 23
PT Archi Indonesia Tbk
     2023 Annual Report
                          21
Page 24
     Laporan
     Dewan Komisaris
     Report from the Board of Commissioners


     Pemegang Saham dan pemangku kepentingan                           Dear Shareholders and Stakeholders,
     yang terhormat,

     Puji dan syukur Dewan Komisaris panjatkan kepada Tuhan Yang       With gratitude to the Almighty, the Board of Commissioners
     Maha Esa, karena dengan karunia-Nya, Archi berhasil melalui       acknowledges that, through His grace, Archi effectively steered
     tahun 2023 dengan mencatatkan kinerja yang baik di tengah         through the challenges of 2023, achieving commendable
     berbagai ketidakpastian dan tantangan global. Sepanjang tahun     performance amidst global uncertainties and adversities.
     tersebut, Dewan Komisaris melihat Archi telah mengambil           Throughout the year, the Board of Commissioners has observed
     langkah-langkah strategis untuk mengoptimalkan kinerja            that Archi has taken strategic steps to optimize operational
     operasional dan memperkuat fundamental keuangan. Selain           performance and strengthen financial fundamentals.
     itu, Dewan Komisaris juga mengapresiasi respons cepat dan         Furthermore, the Board of Commissioners appreciates the
     tepat yang dilakukan Direksi sehingga kinerja operasional di      swift and appropriate responses undertaken by the Board of
     pit Araren dapat berhasil pulih kembali setelah sebelumnya        Directors, resulting in the operational performance at the Araren
     sempat terkendala akibat bencana alam yang terjadi. Secara        pit being successfully restored following previous setbacks due
     umum, pandangan Dewan Komisaris atas pengelolaan Archi yang       to natural disasters. Overall, the Board of Commissioners views
     dijalankan oleh Direksi pada tahun 2023 disampaikan sebagai       the management of Archi executed by the Board of Directors in
     berikut.                                                          the year 2023 as follows.



     Pandangan Umum terhadap                                           General Outlook on Macroeconomics and
     Makroekonomi dan Industri                                         Industry

     Selepas pulih dari pandemi Covid-19, perekonomian global          Following the recovery from the Covid-19 pandemic, the global
     kembali dihadapkan pada berbagai dinamika dan tantangan           economy is once again confronted with various dynamics and
     yang tidak kalah kompleks dibandingkan tahun sebelumnya.          challenges that are no less complex than in the previous year.
     Ketegangan geopolitik serta pengetatan kebijakan moneter          Geopolitical tensions and tightening monetary policies by central
     dari bank sentral negara-negara maju telah menurunkan             banks of major economies have lowered projections for global
     proyeksi pertumbuhan ekonomi global. Meskipun terdapat            economic growth. Despite the global economic slowdown and
     perlambatan ekonomi global dan meningkatnya ketidakpastian,       increasing uncertainty, the Indonesian economy has shown
     perekonomian Indonesia mampu menunjukkan ketangguhan              resilience with strong and stable growth. The mining sector has
     dengan pertumbuhan yang kuat dan stabil. Sektor pertambangan      been one of the main strengths supporting Indonesia’s economic
     menjadi salah satu kekuatan utama yang menopang                   growth, recording a growth rate of 6.12%. This illustrates the
     pertumbuhan ekonomi Indonesia dengan mencatatkan kinerja          importance of this sector in its contribution to the national GDP,
     pertumbuhan sebesar 6,12%. Hal ini menggambarkan pentingnya       while also demonstrating Indonesia’s natural resource wealth
     sektor ini dalam kontribusinya terhadap PDB nasional, sekaligus   potential in supporting sustainable economic growth.
     memperlihatkan potensi kekayaan alam Indonesia dalam
     mendukung pertumbuhan ekonomi yang berkelanjutan.




22       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 25
                     Laporan Manajemen
                     Management Report




Kenneth Ronald
Kennedy Crichton
Komisaris Utama
President Commissioner




                 PT Archi Indonesia Tbk
                         2023 Annual Report
                                              23
Page 26
     Namun, di sisi lain, industri pertambangan menghadapi                However, on the other hand, the mining industry faces a
     sejumlah tantangan yang tidak dapat diabaikan. Volatilitas           number of challenges that cannot be ignored. Commodity
     harga komoditas, ancaman krisis energi, dan konflik geopolitik       price volatility, the threat of an energy crisis, and geopolitical
     merupakan faktor-faktor yang mengganggu rantai pasok                 conflicts are factors that disrupt the supply chain of this industry.
     industri ini. Meskipun demikian, melalui strategi yang adaptif dan   Nevertheless, through adaptive and sustainable strategies, the
     berkelanjutan, industri pertambangan Indonesia tetap bertahan        Indonesian mining industry continues to endure and contribute
     dan memberikan kontribusi terhadap perekonomian negara.              to the country’s economy. The Board of Commissioners sees
     Dewan Komisaris melihat bahwa upaya untuk meningkatkan               that efforts to enhance efficiency, innovation, and sustainability
     efisiensi, inovasi, dan keberlanjutan dalam praktik-praktik          in mining practices are key to addressing the ever-changing
     pertambangan menjadi kunci untuk menghadapi dinamika pasar           dynamics of the global market.
     global yang terus berubah.



     Penilaian terhadap Kinerja Direksi                                   Assessment of the Board of Directors’
                                                                          Performance

     Di tengah tantangan dan dinamika yang terjadi sepanjang tahun,       Amidst the challenges and dynamics throughout the year,
     Dewan Komisaris mengapresiasi kinerja yang telah ditunjukkan         the Board of Commissioners appreciates the performance
     Direksi dalam menavigasi tantangan dan mengoptimalkan                demonstrated by the Board of Directors in navigating
     momentum. Setiap tahun, Dewan Komisaris melakukan penilaian          challenges and optimizing momentum. Each year, the Board
     terhadap pemenuhan target yang telah ditetapkan serta                of Commissioners assesses the fulfillment of set targets and
     pelaksanaan tanggung jawab sebagai dasar dalam memberikan            the execution of responsibilities as the basis for evaluating
     penilaian terhadap kinerja Direksi. Adapun indikator penilaiannya    the Directors’ performance. The assessment indicators are
     difokuskan pada pelaksanaan Rencana Kerja dan Anggaran               focused on the implementation of the Corporate’s Work Plan and
     Perusahaan (“RKAP”), tindak lanjut atas keputusan Rapat Umum         Budget (“RKAP”), follow-up on decisions of the General Meeting
     Pemegang Saham (“RUPS”), penerapan tata kelola perusahaan            of Shareholders (“GMS”), implementation of good corporate
     yang baik (Good Corporate Governance/”GCG”), efektivitas             governance (“GCG”), effectiveness of internal control systems,
     sistem pengendalian internal, penerapan Kode Etik dan Nilai-         implementation of the Company’s Code of Conducts and Values,
     Nilai Budaya Perseroan, serta kepatuhan terhadap peraturan           and compliance with applicable laws and regulations.
     perundang-undangan yang berlaku.


     Berdasarkan pandangan dan penilaian Dewan Komisaris,                 Based on the views and assessments of the Board of
     Direksi telah menjalankan tugas dan tanggung jawab dengan            Commissioners, the Board of Directors has performed its duties
     baik sepanjang tahun 2023 sebagaimana terefleksikan dari             and responsibilities well throughout the year 2023, as reflected
     pencapaian kinerja Archi yang cukup baik. Dari aspek operasional,    in Archi’s fairly good performance achievements. From an
     Direksi berhasil mencatatkan peningkatan volume produksi emas        operational perspective, the Board of Directors successfully
     hingga 10,94% dan perak 14,64%. Sejalan dengan itu, volume           recorded an increase in gold production volume by 10.94% and
     penjualan emas mencatatkan peningkatan sebesar 2,80%.                silver by 14.64%. In line with this, gold sales volume increased by
     Capaian ini membuat Archi mampu meningkatkan pendapatan              2.80%. These achievements enabled Archi to increase revenue by
     hingga 15,32% menjadi AS$249,63 juta dengan perolehan                15.32% to US$249.63 million with a year-end profit of US$14.76
     laba tahun berjalan sebesar AS$14,76 juta. Selain itu, struktur      million. Additionally, the capital structure can continue to be
     permodalan juga dapat terus diperkuat Direksi melalaui perolehan     strengthened by the Board of Directors through the acquisition
     fasilitas Pinjaman Sindikasi berjangka sehingga dapat mendukung      of term Syndicated Loan facilities, supporting the development
     langkah-langkah pengembangan yang telah dicanangkan.                 initiatives that have been planned.


     Selain itu, Dewan Komisaris mengapresiasi atas kinerja yang          Furthermore, the Board of Commissioners appreciates the
     ditunjukkan oleh Entitas Anak, yaitu MSM dan TTN, yang berhasil      performance demonstrated by the Subsidiaries, namely MSM
     memperoleh berbagai penghargaan dari Menteri Energi dan              and TTN, which have successfully obtained various awards from
     Sumber Daya Mineral Republik Indonesia. Capaian positif yang         the Minister of Energy and Mineral Resources of the Republic of
     ditunjukkan oleh MSM dan TTN tidak hanya mencerminkan                Indonesia. The positive achievements shown by MSM and TTN
     komitmen yang tinggi terhadap keunggulan operasional,                not only reflect a high commitment to operational excellence
     tetapi juga menegaskan peran dalam mendukung Visi dan                but also affirm their role in supporting Archi’s overall Vision and
     Misi Archi secara keseluruhan, khususnya dalam pengelolaan           Mission, particularly in responsible mining management. With
     pertambangan yang bertanggung jawab. Dengan pencapaian ini,          these achievements, the Board of Commissioners believes that
     Dewan Komisaris yakin bahwa MSM dan TTN akan terus menjadi           MSM and TTN will continue to be strong pillars in Archi’s growth
     pilar yang kuat dalam pertumbuhan dan reputasi positif Archi di      and positive reputation in an increasingly competitive industry.
     industri yang semakin kompetitif.




24       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 27
                                                                                                                Laporan Manajemen
                                                                                                                Management Report




Dewan Komisaris sangat memahami bahwa dinamika pasar dan           The Board of Commissioners deeply understands that the
operasional pertambangan yang terjadi sepanjang tahun 2023         market dynamics and operational challenges in the mining
turut memengaruhi capaian target Direksi. Namun demikian,          sector throughout the year 2023 have also influenced the
Dewan Komisaris menilai bahwa Direksi telah berupaya dengan        achievement of the Board of Directors’ targets. However, the
maksimal untuk menjaga stabilitas Perseroan serta kepercayaan      Board of Commissioners evaluates that the Directors have made
para pemangku kepentingan melalui berbagai inovasi dan inisiatif   maximum efforts to maintain the stability of the Company and the
strategis dalam menghadapi tantangan sepanjang 2023. Dewan         trust of stakeholders through various innovations and strategic
Komisaris mengapresiasi langkah-langkah Direksi yang terus         initiatives in facing challenges throughout 2023. The Board of
berinovasi dan berbenah diri untuk menciptakan pola operasional    Commissioners appreciates the innovative steps taken by the
yang efektif dan efisien, namun tetap mengedepankan kualitas       Directors and their continuous improvement efforts to create an
unggul di setiap aspek kegiatan operasionalnya.                    effective and efficient operational pattern, while still emphasizing
                                                                   excellent quality in every aspect of their operational activities.



Pengawasan Dewan Komisaris dalam                                   Board of Commissioners’ Supervision
Perumusan dan Implementasi Strategi                                in Formulating and Implementing the
Perusahaan yang Dilakukan oleh Direksi                             Company’s Strategy by the Board of
                                                                   Directors

Dewan Komisaris memiliki peran penting dalam mengawasi             The Board of Commissioners plays a crucial role in overseeing
dan memastikan keselarasan antara strategi yang disusun            and ensuring alignment between the strategies formulated and
dan diimplementasikan Direksi dengan Visi, Misi, dan tujuan        implemented by the Board of Directors with Archi’s Vision, Mission,
Archi. Oleh karena itu, Dewan Komisaris berperan aktif dalam       and objectives. Therefore, the Board of Commissioners actively
proses perumusan dan implementasi strategi yang dilakukan          participates in the process of formulating and implementing
oleh Direksi, dengan tujuan utama untuk memastikan bahwa           strategies conducted by the Board of Directors, with the main
langkah-langkah yang diambil mendukung pencapaian tujuan           objective of ensuring that the steps taken support Archi’s long-
jangka panjang Archi. Pengawasan Dewan Komisaris dimulai dari      term goals. Oversight by the Board of Commissioners begins from
tahap perumusan strategi, di mana Dewan Komisaris terlibat         the strategic formulation stage, where they are directly involved
secara langsung dalam proses pengembangan strategi Archi,          in the development process of Archi’s strategies, providing input
memberikan masukan berdasarkan pemahaman mendalam                  based on a deep understanding of market conditions, potential
terhadap kondisi pasar, potensi risiko, dan peluang-peluang        risks, and existing opportunities. Thus, the resulting strategies
yang ada. Dengan demikian, strategi yang dihasilkan dapat lebih    can be more informed, realistic, and effectively executable.
terinformasi, realistis, dan dapat dijalankan dengan efektif.


Dewan Komisaris mendukung sepenuhnya langkah Direksi               The Board of Commissioners fully supports the Board of
untuk mengoptimalkan kinerja operasional melalui peningkatan       Directors’ initiatives to optimize operational performance through
tingkat recovery emas, optimalisasi pabrik pengolahan, dan         increasing gold recovery rates, optimizing processing plants,
eksplorasi penambangan bawah tanah. Begitu juga dari sisi          and exploring underground mining. Similarly, from a financial
finansial, Dewan Komisaris mengapresiasi program-program           standpoint, the Board of Commissioners appreciates the cost
efisiensi biaya serta penguatan manajemen modal kerja yang telah   efficiency programs and the strengthening of working capital
direalisasikan Direksi. Dewan Komisaris senantiasa mengawasi       management implemented by the Board of Directors. The Board
implementasi strategi-strategi tersebut melalui evaluasi           of Commissioners continually monitors the implementation
terhadap langkah-langkah yang telah diambil, mengidentifikasi      of these strategies by evaluating the steps taken, identifying
perubahan atau tantangan yang mungkin terjadi pada tahap           changes or challenges that may occur during the implementation
implementasi, serta memberikan rekomendasi atau perbaikan          phase, and providing necessary recommendations or
yang diperlukan. Dengan melakukan pengawasan yang cermat           improvements. Through careful and proactive oversight, the
dan proaktif, Dewan Komisaris dapat memastikan bahwa strategi      Board of Commissioners ensures that Archi’s strategies can be
Archi dapat dilaksanakan dengan efektif dan memberikan nilai       effectively executed and provide added value for Archi and other
tambah bagi Archi dan pemangku kepentingan lainnya.                stakeholders.




                                                                                                            PT Archi Indonesia Tbk
                                                                                                                  2023 Annual Report
                                                                                                                                          25
Page 28
     Mekanisme Pemberian Nasihat Kepada                                  Mechanism of Providing Advice to the
     Direksi                                                             Board of Directors

     Sebagai bagian dari tugas dan tanggung jawab, Dewan                 As part of its duties and responsibilities, the Board of
     Komisaris tidak hanya berperan untuk melakukan pengawasan           Commissioners not only oversees and monitors the management
     dan pemantauan terhadap jalannya pengurusan Archi oleh              of Archi by the Board of Directors but also provides advice and
     Direksi, melainkan juga bertanggung jawab untuk memberikan          perspectives to the Board of Directors. The mechanism of
     nasihat dan pandangan kepada Direksi. Mekanisme pemberian           providing advice is a key element in ensuring the success and
     nasihat ini menjadi salah satu elemen kunci dalam memastikan        sustainability of Archi’s operations. The Board of Commissioners
     keberhasilan dan keberlanjutan operasional Archi. Dewan             provides advice to the Board of Directors through various
     Komisaris memberikan nasihat kepada Direksi melalui berbagai        mechanisms, such as regular meetings and other mediums.
     mekanisme, seperti rapat-rapat berkala maupun media lainnya.        Throughout 2023, joint meetings between the Board of
     Sepanjang tahun 2023, rapat gabungan antara Dewan Komisaris         Commissioners and the Board of Directors were held 6 times. In
     dan Direksi telah diselenggarakan sebanyak 6 kali. Dalam            these meetings, strategic discussions were conducted to identify
     rapat-rapat tersebut, diskusi-diskusi strategis dilakukan untuk     opportunities, address challenges, evaluate the performance,
     mengidentifikasi peluang, mengatasi tantangan, mengevaluasi         and strategic decisions made by the Board of Directors, including
     kinerja dan keputusan-keputusan strategis yang diambil oleh         in the formulation of future plans.
     Direksi, termasuk dalam penyusunan rencana ke depan.



     Pandangan atas Prospek Usaha yang                                   Outlook on Business Prospects Prepared
     Disusun Direksi                                                     By the Board of Directors

     Dalam menghadapi perkembangan kondisi ekonomi global                In facing the developments in the global and Indonesian economic
     dan Indonesia di tahun 2024, Dewan Komisaris menilai bahwa          conditions in 2024, the Board of Commissioners believes that
     Direksi telah menyusun rencana bisnis yang berisi Rencana           the Board of Directors has accurately formulated the business
     Kerja dan Anggaran tahun 2024 dengan tepat. Dewan Komisaris         plan, which includes the Work Plan and Budget for 2024. The
     memiliki pandangan yang kritis dan berwawasan luas terhadap         Board of Commissioners has a critical and broad perspective
     prospek usaha yang disusun oleh Direksi. Dewan Komisaris juga       on the business prospects outlined by the Board of Directors.
     melakukan evaluasi mendalam terhadap rencana bisnis yang            They also conduct in-depth evaluations of the business plan
     diajukan oleh Direksi serta memberikan persetujuan. Dewan           proposed by the Board of Directors and provide approval. The
     Komisaris sepenuhnya mendukung strategi Direksi terkait             Board of Commissioners fully supports the Board of Directors’
     dengan rencana peningkatan tingkat recovery emas, eksplorasi        strategies regarding plans to increase the gold recovery rate,
     penambangan bawah tanah di wilayah Koridor Barat dan Koridor        underground mining exploration in the West Corridor and East
     Timur, mengidentifikasi peluang di sekitar tambang dan area         Corridor, identifying opportunities around mines and new target
     target baru, serta perluasan area penambangan di pit Araren. Dari   areas, as well as expanding the mining area in the Araren pit.
     aspek finansial, Dewan Komisaris juga setuju dengan strategi        From a financial aspect, the Board of Commissioners also agrees
     Direksi yang akan terus mengoptimalkan program efisiensi biaya,     with the Board of Directors’ strategy to continue optimizing cost
     meningkatkan pengelolaan arus kas, serta mengoptimalkan             efficiency programs, improving cash flow management, and
     manajemen modal kerja.                                              optimizing working capital management.


     Dengan mencermati indikator pemulihan dari pit Araren pada          By considering the recovery indicators from the Araren pit in 2023
     tahun 2023 serta meninjau rencana kerja dan strategis usaha         and reviewing the work plans and business strategies formulated
     yang disusun oleh Direksi, Dewan Komisaris optimis dengan           by the Board of Directors, the Board of Commissioners is
     capaian kinerja Archi di 2024. Dewan Komisaris akan senantiasa      optimistic about Archi’s performance in 2024. The Board of
     mendukung Direksi mengoptimalkan segala daya dan upaya              Commissioners will continue to support the Board of Directors in
     untuk memanfaatkan momentum ini, melanjutkan implementasi           optimizing all efforts to leverage this momentum, continuing the
     strategi jangka panjang, serta peningkatan kapabilitas Archi        implementation of long-term strategies, and enhancing Archi’s
     demi mempertahankan profitabilitas maupun pertumbuhan yang          capabilities to maintain profitability and sustainable growth. The
     sehat dan berkelanjutan. Pandangan Dewan Komisaris terhadap         Board of Commissioners’ perspective on business prospects is
     prospek usaha ini sangat penting dalam menentukan arah              crucial in determining Archi’s strategic direction and identifying
     strategis Archi dan mengidentifikasi langkah-langkah yang perlu     steps needed to achieve larger targets in the future.
     diambil untuk mencapai target-target yang lebih besar di masa
     depan.




26       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 29
                                                                                                                 Laporan Manajemen
                                                                                                                 Management Report




Pandangan atas Penerapan Tata Kelola                                 Outlook on the Implementation of Good
Perusahaan yang Baik                                                 Corporate Governance

Dewan Komisaris memiliki pandangan yang positif terhadap             The Board of Commissioners holds a positive outlook on the
penerapan GCG yang baik oleh Direksi. Dewan Komisaris                implementation of good corporate governance (GCG) by the
memandang bahwa GCG merupakan sebuah fondasi yang                    Board of Directors. They see GCG as a crucial foundation for
berperan penting dalam memastikan keberhasilan jangka panjang        ensuring the long-term success and sustainability of Archi. This
dan keberlanjutan Archi. Pandangan ini mencakup berbagai             perspective encompasses various aspects, from transparency
aspek, mulai dari transparansi dan akuntabilitas hingga integritas   and accountability to integrity and compliance with applicable
dan kepatuhan terhadap regulasi yang berlaku. Selain itu, Dewan      regulations. Additionally, the Board of Commissioners believes
Komisaris meyakini bahwa penerapan GCG dapat menciptakan             that the implementation of GCG can create a healthy and
lingkungan yang sehat dan produktif bagi pengambilan keputusan       productive environment for strategic decision-making. With clear
yang strategis. Dengan adanya struktur yang jelas dan proses         structures and transparent processes, the Board of Directors can
yang transparan, Direksi dapat menjalankan pengelolaan Archi         manage Archi more efficiently and effectively, as well as identify
dengan lebih efisien dan efektif, serta mengidentifikasi risiko-     potential risks more accurately.
risiko yang mungkin timbul dengan lebih baik.


Dalam pandangan Dewan Komisaris, penerapan GCG bukan hanya           In the view of the Board of Commissioners, the implementation
menjadi kewajiban, tetapi juga peluang untuk meningkatkan nilai      of GCG is not only an obligation but also an opportunity to
Archi secara keseluruhan. Oleh karena itu, Dewan Komisaris terus     enhance the overall value of Archi. Therefore, the Board of
mendorong dan mendukung inisiatif-inisiatif yang bertujuan           Commissioners continues to encourage and support initiatives
untuk meningkatkan kualitas penerapan GCG, termasuk                  aimed at improving the quality of GCG implementation, including
evaluasi rutin terhadap kepatuhan prinsip-prinsip GCG serta          regular evaluations of compliance with GCG principles and the
pengembangan kebijakan-kebijakan yang mempromosikan                  development of policies that promote best practices.
praktik-praktik terbaik.



Pandangan atas Penerapan                                             Outlook on the Implementation of
Whistleblowing System dan                                            Whistleblowing System and the Board of
Peran Dewan Komisaris                                                Commissioners’ Role

Penerapan GCG yang komprehensif tidak terlepas dari adanya           The comprehensive implementation of good corporate
Whistleblowing System (“WBS”) yang menjadi instrumen check and       governance (GCG) is inseparable from the presence of a
balances dalam mendukung penerapan GCG. Dewan Komisaris              Whistleblowing System (“WBS:), which serves as an instrument
memandang bahwa Direksi telah mengimplementasikan WBS                of checks and balances to support GCG implementation. The
secara efektif sebagai langkah strategis dalam pencegahan,           Board of Commissioners views that the Board of Directors
pengungkapan pelanggaran, atau tindak kecurangan dalam               has effectively implemented the WBS as a strategic step in
Archi, termasuk di dalamnya Insider Trading, Fraud, Money            preventing, disclosing violations, or fraudulent acts within Archi,
Laundrying, Anti Bribery and Corruption (“ABC”), diskriminasi,       including Insider Trading, Fraud, Money Laundering, Anti-Bribery
dan penyimpangan lainnya. Hal ini sejalan dengan komitmen            and Corruption (ABC), discrimination, and other deviations. This
Dewan Komisaris untuk menjaga prinsip-prinsip GCG yang baik          is in line with the commitment of the Board of Commissioners
dan memastikan bahwa seluruh pihak terlibat dalam menjaga            to uphold good GCG principles and ensure that all parties are
integritas dan kredibilitas Archi. Dewan Komisaris memahami          involved in maintaining the integrity and credibility of Archi. The
bahwa WBS tidak hanya sebagai alat deteksi pelanggaran, tetapi       Board of Commissioners understands that the WBS is not only a
juga sebagai sarana untuk membangun budaya kerja yang etis dan       tool for detecting violations but also a means to foster an ethical
profesional di seluruh organisasi Archi.                             and professional work culture throughout the organization.


Dewan Komisaris juga menyadari bahwa peran dalam                     The Board of Commissioners also recognizes the crucial role
implementasi WBS sangat penting, terutama dalam kasus-               in the implementation of the WBS, especially in cases where
kasus di mana laporan pelanggaran yang masuk memiliki tingkat        incoming violation reports are of high urgency. The Board of
urgensi yang tinggi. Dewan Komisaris bertanggung jawab untuk         Commissioners is responsible for being involved in handling these
turut terlibat menangani laporan-laporan tersebut, termasuk          reports, including conducting investigations if necessary, and
melakukan penyelidikan jika diperlukan, dan menetapkan               establishing appropriate corrective measures. Additionally, the
langkah-langkah perbaikan yang sesuai. Selain itu, Dewan             Board of Commissioners also serves as the recipient of reports
Komisaris juga berperan sebagai penerima laporan di tingkat          at the highest level, particularly when members of the Board of
puncak, khususnya ketika anggota Direksi yang diduga melakukan       Directors are suspected of violations. Conversely, if violations
pelanggaran. Sebaliknya, jika pelanggaran diduga dilakukan           are suspected to have been committed by members of the Board



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     oleh anggota Dewan Komisaris, maka laporan akan langsung          of Commissioners, the report will be directly forwarded to the
     dikirimkan kepada Direktur Utama untuk tindak lanjut yang         Chief Executive Officer for appropriate follow-up actions. Thus,
     sesuai. Dengan demikian, Dewan Komisaris memegang peranan         the Board of Commissioners plays a crucial role in maintaining
     krusial dalam menjaga integritas dan kredibilitas Archi melalui   the integrity and credibility of Archi through the effective
     implementasi yang efektif dari WBS                                implementation of the WBS.



     Penilaian atas Kinerja Komite di Bawah                            Performance Assessment of Committees
     Dewan Komisaris                                                   under the Board of Commissioners

     Pelaksanaan tugas dan tanggung jawab Dewan Komisaris dibantu      The execution of tasks and responsibilities of the Board
     oleh 3 (tiga) komite pendukung, yaitu Komite Audit, Komite        of Commissioners is supported by three (3) supporting
     Nominasi dan Remunerasi, serta Komite Etik. Dalam penilaian       committees, namely the Audit Committee, the Nomination
     kinerja ketiga komite tersebut, Dewan Komisaris menggunakan       and Remuneration Committee, and the Ethics Committee. In
     pendekatan kualitatif, yaitu keaktifan komite dalam menjalankan   assessing the performance of these three committees, the Board
     tugasnya, proses dokumentasi, serta laporan dan rekomendasi       of Commissioners utilizes a qualitative approach, including the
     yang diberikan. Berdasarkan penilaian untuk tahun buku 2023,      committees’ activity in carrying out their duties, documentation
     Dewan Komisaris menilai bahwa keaktifan yang ditunjukkan          processes, as well as the reports and recommendations provided.
     oleh komite-komite dalam memonitor dan memberikan arahan          Based on the assessment for the 2023 fiscal year, the Board of
     strategis telah memberikan kontribusi yang positif terhadap       Commissioners evaluates that the activity demonstrated by the
     peningkatan kualitas penerapan GCG yang baik. Selain itu,         committees in monitoring and providing strategic guidance has
     Dewan Komisaris memberikan penilaian positif terhadap proses      positively contributed to the improvement of the quality of good
     dokumentasi yang dilakukan oleh komite-komite tersebut.           corporate governance (GCG) implementation. Additionally, the
     Dewan Komisaris menganggap bahwa proses dokumentasi yang          Board of Commissioners provides a positive assessment of the
     memenuhi standar telah mencerminkan profesionalitas dan           documentation processes conducted by these committees. The
     transparansi dalam menjalankan tugas-tugas komite.                Board of Commissioners deems that documentation processes
                                                                       meeting standards reflect professionalism and transparency in
                                                                       executing committee tasks.



     Perubahan Komposisi Dewan Komisaris                               Changes in the Board of Commissioners’
     dan Alasan Perubahannya                                           Composition and Reasons for the Changes

     Pada tahun 2023, komposisi anggota Dewan Komisaris Archi          In 2023, the composition of Archi’s Board of Commissioners
     tidak mengalami perubahan. Komposisi Dewan Komisaris yang         remained unchanged. The current composition of the Board of
     saat ini menjabat dinilai telah memadai untuk menjalankan peran   Commissioners is deemed adequate to fulfill its role in overseeing
     pengawasan dan pemberian nasihat atas pengelolaan Archi           and advising the management of Archi by the Board of Directors,
     oleh Direksi sesuai dengan praktik terbaik pada bidang usaha      in accordance with best practices in the mining industry.
     pertambangan yang dijalankan.



     Apresiasi                                                         Appreciation

     Menutup penyampaian laporan ini, saya mewakili jajaran Dewan      Closing this report, on behalf of the Board of Commissioners of
     Komisaris Archi menyampaikan apresiasi dan terima kasih yang      Archi, I express our utmost appreciation and gratitude to the
     sebesar-besarnya kepada Direksi dan segenap karyawan atas         Board of Directors and all employees for their dedication and hard
     dedikasi dan kerja kerasnya dalam mengupayakan pencapaian         work in striving for the best performance for Archi amidst the
     kinerja terbaik bagi Archi, di tengah situasi yang penuh dengan   challenging circumstances of 2023. The Board of Commissioners
     tantangan pada tahun 2023. Dewan Komisaris juga menyampaikan      also extends thanks to the Shareholders for their trust in the
     terima kasih kepada Pemegang Saham atas kepercayaan yang          Board of Commissioners to be an integral part of Archi’s journey.
     diberikan kepada Dewan Komisaris untuk dapat menjadi bagian       Likewise, to regulators, customers, and other stakeholders, the
     penting dari perjalanan Archi. Begitu juga dengan regulator,      Board of Commissioners expresses appreciation for the trust,
     pelanggan, dan pemangku kepentingan lainnya, Dewan Komisaris      support, and valuable contributions to Archi.
     menyampaikan apresiasi atas kepercayaan, dukungan, dan
     kontribusi yang baik selama ini kepada Archi.




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Ke depan, Dewan Komisaris berkomitmen untuk terus                  Moving forward, the Board of Commissioners is committed to
memperkuat kolaborasi yang erat dengan seluruh pemangku            strengthening close collaboration with all stakeholders. This solid
kepentingan. Kolaborasi yang solid ini diharapkan dapat menjadi    collaboration is expected to be the main driver in accelerating
pendorong utama dalam mengakselerasi pertumbuhan dan               growth and success, leading Archi towards even greater
kesuksesan sehingga dapat membawa Archi menuju prestasi            achievements in the future.
yang lebih gemilang di masa yang akan datang.




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




                                           Kenneth Ronald Kennedy Crichton
                                                        Komisaris Utama
                                                     President Commissioner




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     Laporan
     Direksi
     Report from the Board of Directors


     Pemegang Saham dan pemangku kepentingan                            Dear Shareholders and Stakeholders,
     yang terhormat,

     Kami mengucapkan rasa syukur ke hadirat Tuhan yang Maha            We would like to express our gratitude to the Almighty God who has
     Esa yang telah melimpahkan rahmat dan karunia-Nya, sehingga        bestowed His grace and blessings, enabling Archi to successfully
     memungkinkan Archi untuk sukses melewati tahun 2023                navigate through the year 2023 with solid performance. Despite
     dengan hasil kinerja yang solid. Meskipun dihadapkan pada          facing various dynamics, Archi has managed to maintain a strong
     berbagai dinamika, Archi mampu mempertahankan posisi yang          position with responsible growth. On this occasion, we, from the
     tangguh dengan pertumbuhan yang bertanggung jawab. Pada            Board of Directors, would like to present Archi’s strategies and
     kesempatan ini, kami dari jajaran Direksi ingin memaparkan         performance during the year 2023, including innovative steps
     strategi dan kinerja Archi selama tahun 2023, termasuk langkah-    taken to address various current business challenges. These
     langkah inovatif yang telah diambil untuk menghadapi berbagai      steps are part of our commitment to continually adapting and
     tantangan bisnis saat ini. Langkah-langkah ini merupakan bagian    innovating to achieve excellence in the competitive gold and
     dari komitmen kami untuk terus beradaptasi dan berinovasi guna     silver mining industry.
     mencapai keunggulan dalam persaingan industri pertambangan
     emas dan perak.



     Tinjauan Perekonomian dan Industri                                 Economic and Industry Overview in 2023
     Tahun 2023

     Perekonomian global pada tahun 2023 kembali dihadapkan pada        The global economy in 2023 faced various challenges and
     berbagai tantangan dan dinamika yang diakibatkan dari berbagai     dynamics caused by various factors, including geopolitical
     faktor, termasuk ketidakpastian geopolitik, volatilitas pasar      uncertainties, financial market volatility, and continued impacts
     keuangan, dan dampak lanjutan dari pandemi Covid-19. World         of the Covid-19 pandemic. The World Bank notes that global
     Bank mencatat, pertumbuhan perekonomian global tahun 2023          economic growth in 2023 is projected to be 2.6%, slowing
     diproyeksikan sebesar 2,6%, melambat dibandingkan tahun            down compared to the previous year’s 3.0%. Economic growth
     sebelumnya sebesar 3,0%. Pelambatan pertumbuhan ekonomi            slowdown is also accompanied by widening growth disparities
     juga disertai dengan disparitas pertumbuhan yang semakin           in various regions. While some countries and regions have
     melebar di berbagai wilayah. Sementara beberapa negara             experienced rapid recovery and solid growth, mainly driven by
     dan wilayah berhasil mengalami pemulihan yang cepat dan            technology and digital sectors, many other countries still face
     pertumbuhan yang solid, terutama didorong oleh sektor-sektor       significant challenges in their economic recovery.
     teknologi dan digital, banyak negara lain masih menghadapi
     tantangan yang signifikan dalam pemulihan ekonomi mereka.


     Di tengah dinamika global tersebut, perekonomian Indonesia         Amidst the global dynamics, Indonesia’s economy continues to
     terus menunjukkan ketahanan yang kuat. Meskipun menghadapi         demonstrate strong resilience. Despite facing pressure from
     tekanan dari faktor eksternal, Indonesia berhasil mempertahankan   external factors, Indonesia has managed to maintain solid
     pertumbuhan ekonomi yang solid. Kebijakan-kebijakan ekonomi        economic growth. Responsive economic policies, support
     yang responsif, dukungan terhadap sektor-sektor strategis, dan     for strategic sectors, and efforts to enhance economic
     upaya-upaya untuk meningkatkan daya saing ekonomi menjadi          competitiveness are key factors supporting Indonesia’s economic
     faktor kunci yang mendukung ketahanan ekonomi Indonesia di         resilience amid global uncertainties. The conducive conditions




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                        Laporan Manajemen
                        Management Report




Rudy Suhendra
Direktur Utama
President Director




                     PT Archi Indonesia Tbk
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Page 34
     tengah ketidakpastian global. Kondisi berbagai industri yang         in various industries and positive growth are crucial factors
     cenderung kondusif dan pertumbuhan yang positif menjadi              in supporting Indonesia’s economic resilience amidst global
     salah satu faktor penting dalam mendukung ketahanan ekonomi          uncertainties. Collaboration between the government, industry
     Indonesia di tengah ketidakpastian global. Kerja sama antara         players, and other stakeholders across various sectors is key to
     pemerintah, pelaku industri, dan pemangku kepentingan lainnya        maintaining growth momentum and strengthening the country’s
     di berbagai sektor menjadi kunci dalam menjaga momentum              economic foundation.
     pertumbuhan dan memperkuat fondasi ekonomi negara.


     Ketahanan perekonomian Indonesia turut mendukung                     Indonesia’s economic resilience also supports the development
     perkembangan industri pertambangan Indonesia yang telah              of the mining industry, which has shown a positive contribution
     menunjukkan kontribusi positif dalam mendukung pertumbuhan           to economic growth, recording a growth performance of 6.12%.
     ekonomi dengan mencatatkan kinerja pertumbuhan sebesar               Despite challenges from commodity price volatility and energy
     6,12%. Meskipun menghadapi tantangan dari volatilitas harga          crisis threats, this industry remains one of the main pillars
     komoditas dan ancaman krisis energi, industri ini tetap menjadi      in providing resources and income for the country. Through
     salah satu pilar utama dalam menyediakan sumber daya dan             technology adoption, enhanced operational efficiency, and
     pendapatan bagi negara. Melalui adopsi teknologi, efisiensi          commitment to sustainable environmental management, the
     operasional yang ditingkatkan, serta komitmen pada pengelolaan       mining industry in Indonesia continues to drive sustainable and
     lingkungan yang berkelanjutan, industri pertambangan di              responsible economic growth. This achievement is evidence
     Indonesia terus menjadi motor penggerak pertumbuhan ekonomi          that Indonesia’s natural resources have added value and also play
     yang berkelanjutan dan bertanggung jawab. Pencapaian ini             a crucial role in emission reduction and achieving the Net Zero
     menjadi bukti bahwa kekayaan alam di Indonesia memiliki nilai        Emissions (NZE) target by 2060.
     tambah dan juga memegang peran penting pada pengurangan
     emisi dan pencapaian target Net Zero Emissions (NZE) pada tahun
     2060.



     Tantangan dan Peluang yang                                           Challenges and Opportunities Impacting
     Memengaruhi Bisnis Archi Tahun 2023                                  Archi’s Business in 2023 and Strategies to
     serta Strategi dalam Menghadapinya                                   Address Them

     Ketahanan perekonomian Indonesia dan kinerja industri                The resilience of Indonesia’s economy and the solid performance
     pertambangan yang solid di tahun 2023 tidak terlepas dari berbagai   of the mining industry in 2023 are not without various challenges
     tantangan yang turut memengaruhi bisnis Archi. Tantangan             that also affect Archi’s business. One of the challenges faced
     yang dihadapi oleh Archi di tahun 2023 salah satunya berasal         by Archi in 2023 arises from government policies related to
     dari kebijakan pemerintah terkait dengan Peraturan Pemerintah        Government Regulation No. 36 of 2023 on Foreign Exchange
     No. 36 Tahun 2023 tentang Devisa Hasil Ekspor dari Kegiatan          from the Export of Natural Resource Exploitation, Management,
     Pengusahaan, Pengelolaan, dan/atau Pengolahan Sumber Daya            and/or Processing Activities (DHE SDA). This new regulation
     Alam (DHE SDA). Aturan baru ini menetapkan persyaratan baru          establishes new requirements regarding DHE SDA transactions,
     terkait transaksi DHE SDA, di mana eksportir SDA yang memiliki       wherein natural resource (SDA) exporters with export values per
     nilai ekspor per dokumen ≥AS$250.000 wajib menempatkan               document ≥US$250,000 are required to place (retain) at least
     (retensi) sebanyak paling sedikit 30% dari devisa hasil ekspornya    30% of their export earnings in DHE SDA placement instruments
     ke dalam instrumen penempatan DHE SDA selama paling singkat          for a minimum of 3 months. Additionally, there are four DHE SDA
     3 bulan. Selain itu, terdapat empat instrumen penempatan DHE         placement instruments to consider, such as special accounts for
     SDA yang perlu dipertimbangkan, seperti rekening khusus DHE          DHE SDA in foreign currency, foreign currency deposits, foreign
     SDA dalam valuta asing, deposito valuta asing, promissory note       currency promissory notes, and Foreign Exchange (FX) Term
     valuta asing, dan Term Deposit (TD) Valas DHE yang ditawarkan        Deposits offered by Bank Indonesia.
     oleh Bank Indonesia.


     Untuk mengatasi tantangan yang dihadapi ini, Archi menyusun          To address these challenges, Archi has devised proactive
     strategi proaktif dan adaptif yang berfokus pada beberapa aspek      and adaptive strategies focusing on several key aspects. A
     kunci. Evaluasi menyeluruh terhadap kebijakan baru tersebut          comprehensive evaluation of the new policy has been conducted
     telah dilakukan untuk memahami implikasi langsungnya terhadap        to understand its direct implications on Archi’s operations and
     operasional dan keuangan Archi, sehingga memungkinkan                finances, enabling more effective adjustments to financial and
     penyesuaian strategi keuangan dan operasional dengan lebih           operational strategies. The focus will be on diversifying DHE SDA
     efektif. Fokus akan diberikan pada diversifikasi instrumen           placement instruments according to changing market needs and
     penempatan DHE SDA sesuai dengan kebutuhan dan kondisi               conditions and enhancing cooperation with financial institutions
     pasar yang berubah serta meningkatkan kerja sama dengan              and strategic partners to obtain the latest information on financial




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lembaga keuangan dan mitra strategis untuk memperoleh                  markets and related regulations, facilitating swift and accurate
informasi terbaru mengenai pasar keuangan dan regulasi                 responses to policy changes and market conditions.
terkait, memungkinkan respons yang cepat dan tepat terhadap
perubahan kebijakan dan kondisi pasar.


Selain itu, Archi juga terus berupaya untuk meningkatkan capaian       Additionally, Archi continues to strive for improvements in
kinerja finansial maupun operasional. Dari sisi finansial, Archi       financial and operational performance. Financially, Archi aims
berfokus untuk meningkatkan efisiensi biaya, mengelola arus            to enhance cost efficiency, manage cash flows more effectively,
kas dengan lebih baik, serta mengoptimalkan manajemen modal            and optimize working capital management to meet the new
kerja guna menghadapi persyaratan baru terkait transaksi DHE           requirements related to DHE SDA transactions. Operationally,
SDA. Dari sisi operasional, fokus utama Archi adalah peningkatan       Archi’s primary focus is on increasing gold recovery rates,
tingkat recovery emas, optimalisasi pabrik pengolahan bijih            optimizing ore processing plants to improve ore extraction,
untuk meningkatkan ekstraksi bijih, eksplorasi penambangan             underground mining exploration in West Corridor and East
bawah tanah di wilayah Koridor Barat dan Koridor Timur, serta          Corridor regions, and expanding mining areas in Araren pit. With
perluasan area penambangan di pit Araren. Dengan strategi              these strategies, Archi hopes to address existing challenges
ini, Archi berharap dapat mengatasi tantangan yang ada sambil          while leveraging opportunities to enhance overall operational and
memanfaatkan peluang untuk meningkatkan kinerja operasional            financial performance.
dan finansial secara keseluruhan.



Peranan Direksi dalam Perumusan                                        Board of Directors’ Role in Archi’s
Strategi Archi dan Pengawasan atas                                     Strategy Formulation and the Supervision
Implementasinya                                                        on the Implementation

Peranan Direksi dalam perumusan strategi bisnis Archi                  The Board of Directors’ role in formulating Archi’s business
direalisasikan melalui penyusunan Rencana Kerja dan Anggaran           strategy is realized through the comprehensive development
Perusahaan (RKAP) secara komprehensif. RKAP ini menjadi                of the Company’s Work Plan and Budget (RKAP). This RKAP
landasan operasional untuk mencapai tujuan strategis Archi,            serves as the operational foundation to achieve Archi’s strategic
baik jangka pendek maupun jangka panjang. Dalam proses                 objectives, both in the short and long term. In its formulation
penyusunannya, Direksi juga secara aktif berkomunikasi dengan          process, the Board of Directors actively communicates with the
Dewan Komisaris, baik melalui rapat gabungan maupun media              Board of Commissioners, both through joint meetings and other
lainnya, untuk memastikan keselarasan antara rencana kerja             media, to ensure alignment between Archi’s work plans and long-
dan strategi jangka panjang Archi. Komunikasi yang intensif            term strategies. Intensive communication between the Board of
antara Direksi dan Dewan Komisaris membantu memastikan                 Directors and the Board of Commissioners helps ensure that every
bahwa setiap langkah operasional yang diambil sesuai dengan            operational step taken is in line with Archi’s Vision and Mission.
Visi dan Misi Archi yang telah ditetapkan. Selain itu, melalui rapat   Furthermore, through joint meetings and open dialogues, the
gabungan dan dialog yang terbuka, Direksi dapat memperoleh             Board of Directors can obtain valuable input and guidance from
masukan dan arahan yang berharga dari Dewan Komisaris untuk            the Board of Commissioners to refine business strategies and
menyempurnakan strategi bisnis dan mengatasi tantangan yang            address emerging challenges. With strong cooperation between
mungkin muncul. Dengan kerja sama yang kuat antara Direksi             the Board of Directors and the Board of Commissioners, Archi can
dan Dewan Komisaris, Archi dapat mengoptimalkan pengambilan            optimize strategic decision-making that leads to effective and
keputusan strategis yang mengarah pada pencapaian tujuan               sustainable company goal achievement.
perusahaan secara efektif dan berkelanjutan.


Selanjutnya dalam proses pengawasan atas implementasi                  Furthermore, in overseeing the implementation of RKAP, the
RKAP, Direksi berperan untuk mengidentifikasi dan mengatasi            Board of Directors plays a role in identifying and addressing
potensi hambatan atau tantangan yang mungkin timbul dalam              potential obstacles or challenges that may arise in Archi’s
pelaksanaan strategi Archi. Hal ini melibatkan pemantauan yang         strategy execution. This involves careful monitoring of internal
cermat terhadap perkembangan situasi internal dan eksternal            and external developments that may affect the achievement
yang dapat memengaruhi pencapaian tujuan strategis, serta              of strategic objectives, as well as taking appropriate actions to
pengambilan tindakan yang tepat untuk memitigasi risiko yang           mitigate existing risks. Additionally, the Board of Directors is
ada. Selain itu, Direksi juga bertanggung jawab dalam menyusun         responsible for developing corrective action plans or strategic
rencana aksi perbaikan atau penyesuaian strategis jika diperlukan      adjustments if necessary to ensure that RKAP implementation
agar implementasi RKAP dapat berjalan sesuai rencana dan               proceeds as planned and achieves the expected results. With
mencapai hasil yang diharapkan. Dengan keterlibatan aktif              the active involvement of the Board of Directors in this oversight
Direksi dalam proses pengawasan ini, Archi dapat menjaga               process, Archi can maintain the sustainability of its business
keberlangsungan strategi bisnisnya secara efektif dan adaptif          strategy effectively and adaptively in response to changes.
menghadapi perubahan yang terjadi.


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     Pencapaian Kinerja Tahun 2023                                         Performance Achievements in 2023
     Penerapan strategi bisnis yang efektif dalam mengoptimalkan           The effective implementation of business strategies in
     kondusivitas industri pertambangan telah menghasilkan                 optimizing the conduciveness of the mining industry has resulted
     pencapaian yang baik. Pada tahun 2023, kinerja produksi               in significant achievements. In 2023, Archi’s gold production
     emas Archi tercatat mencapai 123,30 kilo ons, meningkat               performance reached 123.30 kilo ounces, an increase of 10.98%
     10,98% dibandingkan tahun sebelumnya. Begitu juga dengan              compared to the previous year. Similarly, silver production
     kinerja produksi perak yang tercatat mencapai 219,70 kilo ons,        performance reached 219.70 kilo ounces, marking a 14.67%
     meningkat 14,67% dibandingkan tahun sebelumnya. Selain itu,           increase compared to the previous year. Additionally, Archi
     Archi juga mencatat produksi kadar yang lebih tinggi, yaitu 1,20      recorded higher ore grades, with 1.20 g/t compared to 1.07 g/t in
     g/t, dibandingkan dengan 1,07 g/t pada tahun sebelumnya. Namun        the previous year. However, Archi’s recovery rate in 2023 reached
     demikian, tingkat recovery Archi pada tahun 2023 mencapai             85.12%, slightly lower than the previous year’s 86.50%, despite
     85,12%, sedikit lebih rendah dari tahun sebelumnya yang               processing the same amount of ore as the previous year, which
     mencapai 86,50%, meskipun jumlah bijih yang diproses tetap            was 3.7 million tons.
     sama dengan tahun sebelumnya, yaitu 3,7 juta ton.


     Peningkatan kinerja produksi ini membuat Archi mampu                  This improvement in production performance enabled Archi to
     mendorong volume penjualan emas sebesar 2,80% dan perak               drive gold sales volume by 2.80% and silver by 12.19% compared
     sebesar 12,19% dibandingkan tahun sebelumnya, sehingga                to the previous year, resulting in a 15.32% growth in revenue from
     pendapatan dari kontrak dengan pelanggan mampu bertumbuh              contracts with customers, reaching $249.63 million from the
     15,32% menjadi AS$249,63 juta dari tahun sebelumnya.                  previous year. Similarly, the year-to-date profit also recorded a
     Sejalan dengan itu, perolehan laba tahun berjalan juga mampu          growth of 1.53% to US$14.76 million from the previous year. On the
     mencatatkan pertumbuhan sebesar 1,53% menjadi AS$14,76 juta           other hand, Archi’s financial fundamentals were well managed,
     dari tahun sebelumnya. Di sisi lain, fundamental keuangan Archi       where total assets grew by 11.95% to US$803.58 million from the
     juga mampu dikelola dengan baik, di mana total aset mampu             previous year, liabilities grew by 15.08% to US$540.95 million from
     bertumbuh 11,95% menjadi AS$803,58 juta dari tahun sebelumnya,        the previous year, and equity grew by 6.00% to US$262.63 million
     liabilitas bertumbuh 15,08% menjadi AS$540,95 dari tahun              from the previous year. This increase in capital is partly attributed
     sebelumnya, dan ekuitas bertumbuh 6,00% menjadi AS$262,63             to the acquisition of a syndicated loan worth US$365.00 million
     juta dari tahun sebelumnya. Peningkatan modal ini salah satunya       for Archi’s capital financing.
     dikontribusikan oleh perolehan pinjaman sindikasi senilai
     AS$365,00 juta untuk digunakan untuk pembiayaan modal Archi.



     Prospek Usaha Tahun 2024                                              Business Prospects in 2024
     Capaian kinerja positif Archi tahun 2023 menjadi modal penting        The positive performance achievement of Archi in 2023 serves as
     dalam menghadapi tantangan tahun 2024. Menurut laporan World          an important asset in facing the challenges of 2024. According
     Economic Outlook edisi Januari 2024 dari International Monetery       to the January 2024 edition of the World Economic Outlook from
     Fund (IMF), prospek tahun 2024 menunjukkan berbagai dinamika          the International Monetary Fund (IMF), the prospects for 2024
     yang dapat memengaruhi pertumbuhan ekonomi global dan                 indicate various dynamics that could affect global and domestic
     domestik. IMF memperkirakan pertumbuhan ekonomi global akan           economic growth. IMF forecasts global economic growth to reach
     mencapai 3,1% pada tahun 2024. Di sisi domestik, inflasi diprediksi   3.1% in 2024. On the domestic front, inflation is predicted to
     relatif stabil, sementara dampak dari penyelenggaraan pemilu          remain relatively stable, while the impact of the 2024 elections
     2024 terhadap konsumsi masyarakat dan konsumsi pemerintah,            on consumer spending and government consumption, along with
     bersama dengan kebijakan sektor perumahan yang telah                  housing sector policies implemented in the fourth quarter of 2023,
     diterapkan pada triwulan IV-2023, diharapkan menjadi pendorong        are expected to drive economic growth in 2024. Based on these
     pertumbuhan ekonomi pada tahun 2024. Berdasarkan kondisi              global conditions and domestic economic potential, Indonesia’s
     global dan potensi ekonomi domestik tersebut, perekonomian            economy is projected to continue to grow strongly in 2024, with
     Indonesia diproyeksikan untuk tetap tumbuh kuat pada tahun            a growth rate of 5.2%. The 2024 state budget is directed towards
     2024, dengan pertumbuhan sebesar 5,2%. APBN 2024 diarahkan            addressing external fluctuations and supporting inclusive and
     untuk mengatasi gejolak eksternal dan mendukung transformasi          sustainable economic transformation.




34       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
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                                                                                                                 Laporan Manajemen
                                                                                                                 Management Report




ekonomi yang inklusif dan berkelanjutan.


Di sisi pasar finansial, saham emiten produsen emas dipandang        In the financial market, shares of gold-producing companies
memiliki prospek yang cerah. Ketidakpastian global, seperti          are seen to have bright prospects. Global uncertainties, such
perang di beberapa wilayah dunia dan perubahan kebijakan the         as conflicts in several regions worldwide and changes in Fed
Fed terkait suku bunga, membuat harga emas diproyeksikan             policy regarding interest rates, are projected to continue driving
akan terus naik pada tahun 2024 dan mencetak harga tertinggi         gold prices upward in 2024, reaching new highs. Analyst Axell
baru. Analis NH Korindo Sekuritas Indonesia Axell Ebenhaezer         Ebenhaezer from NH Korindo Sekuritas Indonesia explains
menjelaskan bahwa peluang ini didukung oleh kemungkinan              that this opportunity is supported by the possibility of market
investor pasar mulai memindahkan aset mereka dari Dolar ke           investors starting to shift their assets from the Dollar to other
aset lain, termasuk emas. Dengan demikian, emiten produsen           assets, including gold. Thus, gold-producing company shares
emas memiliki prospek yang cukup baik pada tahun ini, terutama       have quite favorable prospects this year, especially given the
dengan kondisi global yang masih penuh ketidakpastian.               ongoing global uncertainty.


Menyambut prospek positif di tahun 2024 tersebut, Archi telah        In anticipation of the positive outlook for 2024, Archi has
merumuskan langkah-langkah strategis, seperti percepatan             formulated strategic steps, such as accelerating open-pit mining,
mining open pit, penyelesaian proyek yang sudah dimulai              completing previously initiated projects, improving gold recovery,
sebelumnya, peningkatan recovery emas, dan memulai proyek            and commencing underground mining projects. These steps
penambangan bawah tanah. Langkah-langkah ini diarahkan               are aimed at leveraging favorable market conditions, enhancing
untuk memanfaatkan kondisi pasar yang menguntungkan,                 operational efficiency, and diversifying the mining portfolio to
meningkatkan efisiensi operasional, dan diversifikasi portofolio     increase overall gold production potential. Additionally, these
penambangan untuk meningkatkan potensi produksi emas                 strategies are expected to make a significant contribution to
secara keseluruhan. Selain itu, strategi ini juga diharapkan dapat   improving Archi’s financial performance and growth, as well as
memberikan kontribusi signifikan dalam meningkatkan kinerja          strengthening the company’s position in the gold mining industry
keuangan dan pertumbuhan Archi, serta memperkuat posisi              in 2024.
perusahaan di industri pertambangan emas pada tahun 2024.



Penerapan GCG Tahun 2023                                             GCG Implementation in 2023

Archi berkomitmen untuk menerapkan prinsip-prinsip tata kelola       Archi is committed to consistently and comprehensively
perusahaan yang baik (good corporate governance/GCG) secara          applying the principles of good corporate governance (GCG),
konsisten dan komprehensif dengan mengacu pada Undang-               referring to Law No. 40 of 2007 and the General Guidelines for
Undang No. 40 tahun 2007 dan Pedoman Umum Penerapan GCG              the Implementation of GCG issued by the National Committee on
yang dikeluarkan oleh Komite Nasional Kebijakan Governance           Governance Policy (KNKG) in 2021. In practice, Archi prioritizes
(KNKG) pada tahun 2021. Pada praktiknya, Archi mengutamakan          transparency and accountability by providing timely, adequate,
transparansi dan akuntabilitas dengan menyediakan informasi          and accurate information about policies, business activities,
yang tepat waktu, memadai, dan akurat mengenai kebijakan,            financial conditions, as well as Archi’s ownership and management
kegiatan usaha, kondisi keuangan, serta komposisi kepemilikan        composition to stakeholders. All this information is accessible
dan manajemen Archi kepada pemangku kepentingan. Seluruh             through Archi’s official website, ensuring transparent information
informasi tersebut dapat diakses melalui situs web resmi Archi,      availability to the public.
sehingga memastikan ketersediaan informasi yang transparan
bagi publik.


Archi juga menekankan pentingnya pemahaman tugas dan tanggung        Archi also emphasizes the importance of clear understanding of
jawab yang jelas bagi setiap organ dalam Archi, serta memastikan     roles and responsibilities for each organ within Archi, and ensures
bahwa setiap individu memiliki kompetensi yang memadai untuk         that each individual has adequate competence to carry out their
menjalankan tugasnya. Selain itu, Archi juga berkomitmen untuk       duties. Additionally, Archi is committed to being accountable to
bertanggung jawab kepada seluruh pemangku kepentingan dan            all stakeholders and avoiding conflicts of interest in performing
menghindari konflik kepentingan dalam menjalankan tugas dan          its duties and responsibilities. Having mechanisms to provide
tanggung jawabnya. Adanya mekanisme untuk memberikan                 constructive feedback to all stakeholders is also an important part
masukan yang bersifat membangun kepada seluruh pemangku              of implementing GCG within Archi, ensuring active participation
kepentingan juga menjadi bagian penting dalam penerapan GCG          from all parties involved in Archi’s activities.
di lingkungan Archi, sehingga memastikan partisipasi aktif dari
semua pihak yang terlibat dalam kegiatan Archi.




                                                                                                              PT Archi Indonesia Tbk
                                                                                                                    2023 Annual Report
                                                                                                                                           35
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     Melalui komitmen dan kebijakan di atas, Direksi berpandangan         Through the above commitments and policies, the Board of
     bahwa pelaksanaan GCG sepanjang tahun buku 2023 telah                Directors believes that the implementation of GCG throughout
     sesuai dengan pedoman yang menjadi acuan Archi. Direksi juga         the 2023 fiscal year has been in line with the guidelines that serve
     menegaskan pentingnya evaluasi berkala terhadap pelaksanaan          as Archi’s reference. The Board of Directors also emphasizes
     GCG untuk memastikan kepatuhan dan efektivitasnya dalam              the importance of periodic evaluations of GCG implementation
     mendukung pertumbuhan dan keberlangsungan bisnis Archi di            to ensure compliance and effectiveness in supporting Archi’s
     masa depan serta telah sejalan dengan perkembangan praktik           growth and sustainability in the future, and that it aligns with
     terbaik di industri pertambangan. Berdasarkan evaluasi yang          best practices in the mining industry. Based on the evaluations
     dilakukan, sepanjang tahun 2023, tidak terdapat kebijakan            conducted, throughout 2023, there were no significant new
     baru yang berdampak signifikan terkait dengan penerapan GCG          policies regarding the implementation of GCG, so Archi’s main
     sehingga fokus utama Archi adalah menjaga konsistensi dan            focus is on maintaining consistency and effectiveness in the
     efektivitas penerapan GCG yang telah ada.                            implementation of existing GCG practices.



     Penilaian Komite di Bawah Direksi                                    Evaluation of Committees Under the
                                                                          Board of Directors

     Evaluasi penerapan GCG yang dilakukan Direksi juga termasuk          The evaluation of GCG implemented by the Board of Directors also
     penilaian terhadap kinerja komite di bawah Direksi, yaitu Komite     includes the performance assessment of committees under the
     Pengeluaran dan Komite Investasi. Penilaian ini menjadi sangat       Board of Directors, namely the Expenditure Committee and the
     penting dalam pengambilan keputusan strategis dan operasional        Investment Committee. This assessment is crucial in strategic
     Archi. Komite Pengeluaran bertugas untuk mengevaluasi                decision-making and operational management at Archi. The
     dan memberikan rekomendasi terkait pengeluaran Archi,                Expenditure Committee is tasked with evaluating and providing
     memastikan bahwa pengeluaran yang dilakukan sesuai dengan            recommendations regarding Archi’s expenditures, ensuring that
     anggaran dan kebutuhan Archi, serta menjaga transparansi             expenditures are in line with the budget and needs of Archi, while
     dan akuntabilitas dalam penggunaan dana. Di sisi lain, Komite        maintaining transparency and accountability in fund utilization.
     Investasi bertanggung jawab dalam mengevaluasi dan memantau          On the other hand, the Investment Committee is responsible for
     kinerja investasi Archi, melakukan analisis risiko dan peluang       evaluating and monitoring Archi’s investment performance. They
     terhadap investasi yang direncanakan atau sedang berlangsung,        conduct risk and opportunity analysis on planned or ongoing
     serta memberikan rekomendasi terkait strategi investasi yang         investments and provide recommendations regarding optimal
     optimal bagi Archi. Kedua komite ini berperan krusial dalam          investment strategies for Archi. Both committees play a crucial
     memastikan bahwa keputusan pengeluaran dan investasi Archi           role in ensuring that Archi’s expenditure and investment decisions
     dilakukan dengan cermat dan berdasarkan pertimbangan yang            are made carefully and based on thorough considerations, aligned
     matang, sesuai dengan tujuan dan strategi bisnis Archi, serta        with Archi’s business goals and strategies, while upholding the
     menjaga integritas dan keberlanjutan bisnis Archi.                   integrity and sustainability of Archi’s business.



     Pengembangan Sumber Daya Manusia                                     Human Resources Development

     Kesuksesan Archi dalam menjalankan kegiatan operasional              Archi’s success in conducting responsible mining operations is
     penambangan yang bertanggung jawab tidak terlepas dari               inseparable from the presence of high-quality and competent
     kehadiran Sumber Daya Manusia (SDM) yang berkualitas dan             Human Resources (HR) in their respective fields. Therefore, Archi
     berkompeten pada bidangnya masing-masing. Oleh karena itu,           actively contributes to the development of HR through several
     Archi secara aktif terus berkontribusi dalam pengembangan            strategic steps. Firstly, Archi continues to enhance its employee
     SDM dengan beberapa langkah strategis. Pertama, Archi terus          training and development programs, including technical skills,
     meningkatkan program pelatihan dan pengembangan karyawan,            leadership, and management training aimed at improving
     termasuk pelatihan keterampilan teknis, kepemimpinan, dan            productivity and work quality. Additionally, Archi focuses on
     manajemen yang bertujuan untuk meningkatkan produktivitas            empowering the local community around the mining sites through
     dan kualitas kerja. Selain itu, Archi juga fokus pada pemberdayaan   various Corporate Social Responsibility (CSR) initiatives, such
     masyarakat lokal di sekitar lokasi tambang melalui berbagai          as skills training programs, education, and healthcare. In doing
     inisiatif CSR, seperti program pelatihan keterampilan,               so, Archi not only strengthens the capacity of its internal team
     pendidikan, dan kesehatan. Dengan cara ini, Archi tidak hanya        but also creates a positive impact on HR development in the
     memperkuat kapasitas tim internal, tetapi juga memberikan            surrounding areas of the mining sites, fostering a sustainable
     dampak positif bagi pengembangan SDM di wilayah sekitar lokasi       work environment, and positively affecting the local community.
     tambang, menciptakan lingkungan kerja yang berkelanjutan, dan
     berdampak positif bagi masyarakat sekitar.




36       PT Archi Indonesia Tbk
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                                                                                                                 Laporan Manajemen
                                                                                                                 Management Report




Pengembangan Teknologi                                                Technology Development

Selain kehadiran SDM yang berkompeten, dukungan penggunaan            In addition to the presence of competent HR, the support of
teknologi informasi yang relevan juga menjadi faktor kunci            relevant information technology (IT) also serves as a key factor
dalam kesuksesan operasional Archi. Oleh karena itu, Archi            in Archi’s operational success. Therefore, Archi has integrated
telah menjadikan teknologi sebagai salah satu elemen penting          technology as a crucial element in its mining activities by
dalam proses kegiatan pertambangan dengan menghadirkan                introducing and implementing cutting-edge technologies to
dan mengimplementasikan teknologi-teknologi mutakhir untuk            enhance operational effectiveness and efficiency. This includes
pengembangan efektivitas dan efisiensi operasional tambang. Hal       the utilization of digitalization systems for more efficient
ini mencakup penggunaan sistem digitalisasi untuk pengawasan          monitoring and control, the adoption of integrated mining
dan kontrol yang lebih efisien, pemakaian teknologi tambang           technologies to optimize production processes and resource
terpadu untuk mengoptimalkan proses produksi dan pengelolaan          management, and the deployment of smart tools such as sensors
sumber daya, serta penerapan alat-alat cerdas seperti sensor          and data analytics to improve safety and work effectiveness. By
dan analisis data untuk meningkatkan keamanan dan efektivitas         integrating these latest technologies, Archi not only enhances
kerja. Dengan mengintegrasikan teknologi-teknologi terbaru ini,       its productivity and operational efficiency but also supports its
Archi tidak hanya dapat meningkatkan produktivitas dan efisiensi      vision of sustainable mining management, promoting responsible
operasionalnya, tetapi juga mendukung Visi keberlanjutan Archi        and environmentally friendly mining practices.
dalam pengelolaan tambang yang bertanggung jawab dan ramah
lingkungan.



Perubahan Komposisi Direksi dan Alasan                                Changes in the Board of Directors’
Terjadinya Perubahan                                                  Composition and Reasons for the Changes

Pada tahun 2023, komposisi anggota Direksi Archi tidak                In 2023, the composition of Archi’s Board of Directors remained
mengalami perubahan. Komposisi Direksi yang saat ini menjabat         unchanged. The current composition of the Board of Directors
dinilai telah memadai untuk menjalankan pengelolaan usaha Archi       is deemed adequate to fulfill its role in running Archi’s business
sesuai dengan praktik terbaik pada bidang usaha pertambangan          management in accordance with best practices in the mining
yang dijalankan.                                                      industry.



Apresiasi                                                             Appreciation

Menutup penyampaian laporan ini, atas nama Direksi Archi, kami        To conclude this report, on behalf of the Archi’s Board of
sampaikan apresiasi dan terima kasih yang setinggi-tingginya          Directors, we extend our highest appreciation and heartfelt
kepada Dewan Komisaris serta seluruh Insan Archi atas dukungan        gratitude to the Board of Commissioners and all Archi members
dan dedikasi yang telah diberikan sepanjang tahun 2023. Kami          for the support and dedication provided throughout the year 2023.
juga sampaikan apresiasi kepada Pemegang Saham, pelanggan,            We also express our appreciation to the Shareholders,
mitra usaha, regulator, dan pemangku kepentingan lainnya yang         customers, business partners, regulators, and other stakeholders
telah memberikan kepercayaan dan dukungan kepada Archi agar           who have entrusted and supported Archi to remain excellent and
tetap menjadi unggul dan terdepan dalam industri pertambangan         leading in the gold mining industry. The good performance we
emas yang dijalankan. Kinerja baik yang telah dapat kita raih         have achieved so far, we hope, can be continuously improved
selama ini kami harapkan dapat terus ditingkatkan sehingga Archi      so that Archi can continue to provide sustainable value and
dapat terus menghadirkan nilai tambah yang berkesinambungan           resilience in facing future dynamics and challenges.
dan berdaya tahan dalam menghadapi dinamika dan tentangan di
masa mendatang.



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




                                                        Rudy Suhendra
                                                          Direktur Utama
                                                         President Director



                                                                                                              PT Archi Indonesia Tbk
                                                                                                                    2023 Annual Report
                                                                                                                                           37
Page 40
             SURAT PERNYATAAN ANGGOTA DEWAN KOMISARIS
         TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2023
                       PT ARCHI INDONESIA TBK
          Statement of Responsibility of the Board of Commissioners
       Members on PT Archi Indonesia Tbk Annual Report for the Year 2023



     Kami, yang bertanda tangan di bawah ini, menyatakan bahwa           We, the undersigned, hereby declare that all information
     semua informasi dalam Laporan Tahunan PT Archi Indonesia Tbk        presented in PT Archi Indonesia Tbk Annual Report for the year
     tahun 2023 telah dimuat secara lengkap dan bertanggung jawab        2023 has been completely presented and we are responsible for
     penuh atas kebenaran isi Laporan Tahunan Perseroan.                 the accuracy of the content of the Company’s Annual Report.


     Demikian pernyataan ini dibuat dengan sebenarnya.                   This statement is made truthfully.


                                                             Jakarta, April 2024




                                                            Dewan Komisaris,
                                                         Board of Commissioners,




                Kenneth Ronald Kennedy Crichton                                            Rizki Indrakusuma
                               Komisaris Utama                                              Wakil Komisaris Utama
                            President Commissioner                                       Vice President Commissioner




                                  Abed Nego                                            Dr. Ir. Bambang Setiawan
                                    Komisaris                                               Komisaris Independen
                                  Commissioner                                           Independent Commissioner




                            Hamid Awaluddin                                                    Jhoni Ginting
                             Komisaris Independen                                           Komisaris Independen
                          Independent Commissioner                                       Independent Commissioner




38       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 41
            SURAT PERNYATAAN ANGGOTA DIREKSI
    TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2023
                  PT ARCHI INDONESIA TBK
       Statement of Responsibility of the Board of Directors Members
         on PT Archi Indonesia Tbk Annual Report for the Year 2023



Kami, yang bertanda tangan di bawah ini, menyatakan bahwa         We, the undersigned, hereby declare that all information
semua informasi dalam Laporan Tahunan PT Archi Indonesia Tbk      presented in PT Archi Indonesia Tbk Annual Report for the year
tahun 2023 telah dimuat secara lengkap dan bertanggung jawab      2023 has been completely presented and we are responsible for
penuh atas kebenaran isi Laporan Tahunan Perseroan.               the accuracy of the content of the Company’s Annual Report.


Demikian pernyataan ini dibuat dengan sebenarnya.                 This statement is made truthfully.


                                                      Jakarta, April 2024




                                                         Direksi,
                                                    Board of Directors,




                      Rudy Suhendra                                         Christian Emanuel David Sompie
                        Direktur Utama                                                      Direktur
                       President Director                                                   Director




              Hidayat Dwiputro Sulaksono                                          Scott Gerald Atkinson
                            Direktur                                                        Direktur
                            Director                                                        Director




                                                                                                       PT Archi Indonesia Tbk
                                                                                                             2023 Annual Report
                                                                                                                                   39
Page 42
              PROFIL
              PERUSAHAAN
              Company Profile
            Company Profile



40   PT Archi Indonesia Tbk
     Laporan Tahunan 2023
Page 43
PT Archi Indonesia Tbk
     2023 Annual Report
                          41
Page 44
     Identitas Perusahaan
     Corporate Identity




                  Nama Perseroan                                                     Tanggal Pencatatan Saham di Bursa Efek
                  Company Name                                                       Indonesia
                                                                                     Share Listing Date on Indonesia Stock
                  PT Archi Indonesia Tbk                                             Exchange

                                                                                     28 Juni 2021
                  Tanggal Pendirian                                                  June 28, 2021
                  Date of Incorporation
                                                                                     Dasar Hukum Pendirian
                  14 September 2010                                                  Legal Basis of Establishmen
                  September 14, 2010                                                 Didirikan berdasarkan Akta Notaris Fatma Agung Budiwijaya,
                                                                                     SH, No. 1 tanggal 14 September 2010 dengan nama PT Archi
                                                                                     Indonesia. Akta pendirian telah disahkan oleh Menteri
                  Bidang Usaha
                                                                                     Kehakiman dalam Surat Keputusan No. AHU-47797.AH.01.01.
                  Business Fields                                                    Tahun 2010 tanggal 11 Oktober 2010 dan telah diumumkan
                  Melakukan usaha dalam bidang aktivitas investasi dengan            dalam Berita Negara Republik Indonesia No. 19 tanggal 6 Maret
                  kegiatan utama adalah kepemilikan dan/atau penguasaan              2012 Tambahan No. 6799.
                  aset dari sekelompok Entitas Anak, baik di dalam maupun
                  luar negeri yang antara lain termasuk namun tidak terbatas         Established based on the Notarial Deed of Fatma Agung
                  melakukan usaha, baik secara langsung maupun tidak                 Budiwijaya, SH, No. 1 dated September 14, 2010, with the name
                  langsung melalui kerja sama operasi, penyertaan (investasi)        PT Archi Indonesia. The deed of establishment was ratified
                  ataupun pelepasan (divestasi) modal dan/atau melakukan             by the Minister of Justice in Decree No. AHU-47797.AH.01.01.
                  bentuk usaha patungan dengan pihak lain, pada perusahaan           Tahun 2010 dated October 11, 2010, and has been announced
                  yang bergerak di bidang pertambangan dan sektor lainnya.           in the State Gazette of the Republic of Indonesia No. 19 dated
                                                                                     March 6, 2012, Supplement No. 6799.
                  The Company is engaged in investment activities, primarily
                  involving the ownership and/or control of assets from a group
                  of Subsidiaries, both domestically and internationally. These      Alamat Kantor Pusat
                  activities include but are not limited to conducting business      Head Office Address
                  directly or indirectly through joint operations, investments, or
                  divestments of capital, and/or engaging in joint ventures with     Rajawali Place Lt. 27 / 27th Floor
                  other parties in companies operating in the mining sector and      Jl. HR Rasuna Said Kav. B/4
                  other sectors.                                                     Jakarta Selatan 12910
                                                                                        +62 21 576 1719
                                                                                        +62 21 576 1720
                  Kode Saham                                                            corsec@archiindonesia.com
                  Stock Code                                                            www.archiindonesia.com


                    ARCI
                                                                                     Kepemilikan Saham
                                                                                     Share Ownership
                  Modal Dasar                                                        PT Rajawali Corpora          : 85,00%
                  Authorizzed Capital                                                PT Basis Utama Prima         : 6,17%
                                                                                     Masyarakat / Public          : 8,83%
                  94.370.000.000 lembar saham / shares
                                                                                     Media Sosial
                  Modal Ditempatkan dan Disetor Penuh                                Social Media
                  Issued and Fully Paid-In Capital
                                                                                         Instagram     : ptarchiindonesia
                  24.835.000.000 lembar saham / shares
                                                                                         YouTube       : @ArchiIndonesia

                                                                                         LinkedIn      : PT. Archi Indonesia, Tbk


     Sampai saat ini, Perseroan tidak pernah melakukan perubahan nama.
     Until now, the Company has never undergone a name change




42        PT Archi Indonesia Tbk
          Laporan Tahunan 2023
                          2023
Page 45
                                                                                                                   Profil Perusahaan
                                                                                                                    Company Profile




Riwayat Singkat
Brief History




PT Archi Indonesia Tbk (“selanjutnya disebut Archi atau              PT Archi Indonesia Tbk (“hereinafter referred to as Archi or the
Perseroan”) didirikan pada tahun 2010, melalui Akta No. 1 tanggal    Company”) was established in 2010 through Deed No. 1 dated
14 September 2010, sebagaimana diubah dengan Akta Perubahan          September 14, 2010, as amended by Deed of Amendment
Anggaran Dasar No. 8 tanggal 30 September 2010. Kedua akta           to Articles of Association No. 8 dated September 30, 2010.
tersebut dibuat di hadapan notaris yang sama, yaitu Fatma            Both deeds were made before the same notary, Fatma Agung
Agung Budiwijaya, SH, Notaris di Jakarta (“Akta Pendirian”).         Budiwijaya, SH, a Notary in Jakarta (“Deed of Establishment”).
Akta pendirian Perseroan telah disahkan oleh Kementerian             The Company’s Deed of Establishment was ratified by the Ministry
Hukum dan Hak Asasi Manusia (“Menkumham”) Republik Indonesia         of Law and Human Rights (“Menkumham”) of the Republic of
berdasarkan Keputusan No. AHU-47797.AH.01.01.Tahun 2010              Indonesia based on Decree No. AHU-47797.AH.01.01.Tahun 2010
tanggal 11 Oktober 2010 dan telah diumumkan dalam Berita             dated October 11, 2010, and was announced in the State Gazette
Negara Republik Indonesia (“BNRI”) No. 19 tanggal 6 Maret 2012       of the Republic of Indonesia (“BNRI”) No. 19 dated March 6, 2012,
Tambahan BNRI No. 6799.                                              Supplement to BNRI No. 6799.


Archi, melalui Entitas Anak yang dimiliki sepenuhnya, yaitu MSM      Archi, through its wholly owned Subsidiaries, MSM and TTN,
dan TTN pertama kali melakukan kegiatan penambangan bijih            initiated ore mining operations in January 2011 at Toka Tindung
pada bulan Januari 2011 di Tambang Emas Toka Tindung, yang           Gold Mine, located in North Minahasa Regency, North Sulawesi.
berlokasikan di Kabupaten Minahasa Utara, Sulawesi Utara. Dari       As a result of these activities, Archi successfully achieved gold
aktivitas tersebut, Archi berhasil menghasilkan produksi emas        production for the first time in April 2011.
untuk pertama kalinya pada bulan April 2011.


Berdasarkan Kontrak Karya yang dimiliki oleh kedua Entitas Anak      Based on Contract of Work retained by both Subsidiaries, the
tersebut, luas konsesi area penambangan Tambang Emas Toka            mining concession area of Toka Tindung Gold Mine encompassing
Tindung adalah seluas 39.817 ha. Lebih lanjut, Archi juga memiliki   a total of 39,817 hectares. Furthermore, Archi also has a gold ore
pabrik pengolahan bijih emas yang hingga akhir tahun 2023            processing plant with a maximum capacity of approximately
berkapasitas sekitar 4,0 juta ton per tahun.                         4.0 million tons per annum as of the end of 2023.




                                                                                                             PT Archi Indonesia Tbk
                                                                                                                   2023 Annual Report
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Page 46
     Jejak Langkah
     Milestones



      2011                                                                   2018
      •      Mengakuisisi 5,0% kepemilikan saham di MSM dan TTN dari         •   Menyelesaikan peningkatan kapasitas pabrik pengolahan
             Grup Rajawali;                                                      melebihi 3,0 juta ton per tahun; dan
      •      Penambangan bijih pertama kali di Tambang Emas Toka             •   Meningkatkan program eksplorasi pengeboran dan
             Tindung pada bulan Januari; dan                                     meningkatkan peralatan pengeboran menjadi 17 rigs, untuk
      •      Menyelesaikan konstruksi pabrik Pengolahan dengan                   mempercepat penemuan tambahan cadangan bijih.
             kapasitas sebesar 1,7 juta ton per tahun, disusul dengan        •   Completed the processing plant capacity expansion to exceed
             produksi emas pertama pada bulan April.                             3.0 million tons per annum; and
      •      Acquired 5.0% ownership in MSM and TTN from Rajawali            •   Enhanced exploration drilling program and increased drilling
             Group.                                                              equipment to 17 rigs, for faster identification of additional ore
      •      Mined out first ore at Toka Tindung Gold Mine in January;           reserves.
             and
      •      Completed construction of processing plant with total
             capacity of 1.7 million tons per annum, followed by the first
             gold production in April.
                                                                             2019
                                                                             •   Ekspansi bisnis ke sektor hilir (logam emas batangan)
                                                                                 melalui Entitas Anak, yaitu EMAS; dan
                                                                             •   Menambah cadangan bijih sebanyak 941 koz di wilayah
                                                                                 Koridor Timur, sehingga total cadangan bijih meningkat
      2015                                                                       menjadi 2,5 Moz.
      Renegosiasi Kontrak Karya MSM dan TTN.                                 •   Business expansion to downstream sector (gold minted bar)
      Renegotiated Contract of Work for MSM and TTN.                             through its Subsidiary, EMAS; and
                                                                             •   Increased 941 koz of ore reserves in the Eastern Corridor,
                                                                                 hence total ore reserves increased to 2.5 Moz.




      2016                                                                   2020
      •      Mencapai produksi emas melebihi 200 koz; dan                    •   Bekerja sama dengan Perusahaan Asosiasi, yaitu GMA
      •      Meningkatkan kapasitas pabrik pengolahan menjadi 2,1 juta           sebagai kontraktor penambangan baru yang didukung
             ton per tahun.                                                      armada pertambangan yang lebih besar;
      •      Achieved gold production above 200 koz; and                     •   Menggunakan pompa air yang terelektifikasi untuk
      •      Increased processing plant capacity to 2.1 million tons per         menggantikan pompa diesel, sehingga meningkatkan
             annum.                                                              efisiensi biaya; dan
                                                                             •   Cadangan bijih emas meningkat mencapai 3,9 Moz.
                                                                             •   Cooperated with an Associated Company, GMA, as a new
                                                                                 mining contractor supported by a larger mining fleet;
                                                                             •   Utilized electrified water pumps to replace diesel pumps to
      2017                                                                   •
                                                                                 improve cost efficiency; and
                                                                                 Ore reserves increased to 3.9 Moz.
      Memulai proyek pengembangan ekspansi pabrik pengolahan
      menjadi 3,0 juta ton per tahun.
      Initiated a processing plant expansion development project
      to 3.0 million tons per annum.




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                                                                        Profil Perusahaan
                                                                         Company Profile




2021
•   Melakukan Penawaran Umum Perdana Saham dan
    mencatatkan saham papan perdagangan utama Bursa
    Efek Indonesia;
•   Meningkatkan kapasitas pabrik pengolahan menjadi 4,0
    juta ton per tahun; dan
•   Bekerja sama dengan PT Ormat Geothermal Indonesia
    atas potensi proyek panas bumi.
•   Conducted Initial Public Offering of Shares and listed
    them on the main trading board of Indonesia Stock
    Exchange.
•   Increased processing plant capacity to 4.0 million tons
    per annum; and
•   Collaborated with PT Ormat Geothermal Indonesia on
    opportunity in geothermal projects.




2022
Berhasil menjalankan remediasi pit Araren yang terdampak
bencana alam di awal tahun dan kembali beroperasi di
penghujung tahun yang sama.
Successfully conducted remediation process of Araren pit,
which was affected by natural disaster earlier of the year,
allowing Araren pit to resume operation around end of the year.




2023
•   Memperoleh fasilitas Pinjaman Sindikasi
    berjangka yang dijamin; dan
•   Perseroan melalui PT EMAS sudah menjalankan
    bisnis pemurnian yang independen.
•   Obtaining a guaranteed term of Syndicated Loan
    facility; and
•   The Company, through PT EMAS, is already
    running an independent refining business.




                                                                  PT Archi Indonesia Tbk
                                                                        2023 Annual Report
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Page 48
     Visi, Misi, dan Nilai-Nilai Perusahaan
     The Company’s Vision, Mission, and Values




                                         VISI Vision
                                         " Menjadi perusahaan pertambangan kelas dunia yang
                                           terkemuka, hemat biaya, dan terintegrasi penuh di kawasan
                                           Asia Tenggara, serta memberikan imbal balik yang tinggi
                                           kepada seluruh pemangku kepentingan."
                                         " To be the leading world-class, cost efficient and fully integrated mining
                                           company in Southeast Asia, delivering superior returns to all stakeholders."




     Tinjauan terhadap Visi, Misi, dan Nilai-Nilai Perusahaan oleh Dewan Komisaris dan Direksi
     Visi, misi, dan nilai-nilai perusahaan telah ditinjau dan disetujui secara berkala setiap tahun oleh Dewan Komisaris dan Direksi guna
     memastikan keberlanjutan relevansinya.
     Review of the Company’s Vision, Mission, and Values by the Board of Commissioners and Board of Directors
     The vision, mission, and values of the Company are periodically reviewed and approved each year by the Board of Commissioners and
     Board of Directors to ensure the ongoing relevance.




                 Nilai-Nilai Perusahaan
                 The Company’s Core Values



                                    Trust                                                              Unity



                                    Innovation                                                         Deliver Result



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             MISI Mission
             Senantiasa berusaha mencapai yang terbaik, pertumbuhan berkelanjutan, dan
             posisi unggul di bisnis pertambangan, melalui:

             •   Mengimplementasikan praktik industri terbaik dan mengoptimalkan
                 operasi saat ini.
             •   Mengejar peluang pengadaan nilai pada logam lainnya serta layanan
                 lainnya yang terkait dengan pertambangan.
             •   Memanfaatkan aset, keahlian, keterampilan, serta pengalaman untuk
                 memaksimalkan nilai pemegang saham.
             •   Membina pengembangan karyawan, mata pencaharian masyarakat
                 sekitar, serta kepedulian lingkungan.
             •   Menjamin tata kelola perusahaan yang baik dalam segala hal yang
                 Perseroan lakukan.

             Constantly strive for excellence, sustainable growth, and leading position in
             the mining business by:

             •   Implementing industry best practices and optimizing current operations.
             •   Pursuing value creation opportunities in other metals and relevant mining
                 related lines of service.
             •   Leveraging our assets, expertise, skills, and experience to maximize
                 shareholders’ value.
             •   Fostering employee development, the livelihood of surrounding
                 community and environmental care.
             •   Guaranteeing good corporate governance in everything we do.




Excellence




                                                                PT Archi Indonesia Tbk
                                                                      2023 Annual Report
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Page 50
     Kegiatan Usaha
     Business Activities




     Kegiatan Usaha Menurut Anggaran Dasar                           Business Activities According to the
     Terakhir                                                        Latest Articles of Association
     Sesuai dengan Anggaran Dasar Perseroan terakhir, Pasal 3        According to the Company’s latest Articles of Association, Article
     Ayat (1), maksud dan tujuan Perseroan adalah berusaha dalam     3 Paragraph (1) states that the purpose and objectives of the
     bidang aktivitas perusahaan holding, di mana kegiatan usaha     Company are to engage in the activities of a holding company,
     utama adalah kepemilikan dan/atau penguasaan aset dari          where the main business activity is ownership and/or control
     sekelompok perusahaan subsidian melalui kerja sama operasi,
                                                                     of assets from a group of subsidiaries through operational
     penyertaan (investasi), ataupun pelepasan (divestasi) modal
                                                                     cooperation, investments, or divestments of capital, and/or
     dan/atau melakukan bentuk usaha patungan dengan pihak lain,
                                                                     engaging in joint ventures with other parties, in companies
     pada perusahaan yang bergerak di bidang pertambangan dan
     sektor terkait lainnya.                                         operating in the mining sector and other related sectors.



     Sedangkan, berdasarkan Pasal 3 Ayat (2) menyatakan bahwa        Furthermore, based on Article 3 Paragraph (2), the supporting
     kegiatan usaha penunjang Perseroan adalah melakukan aktivitas   business activities of the Company include engaging in
     konsultasi manajemen, yang tidak terbatas pada memberikan       management consulting activities, which include but are not
     bantuan nasihat, bimbingan, dan operasional usaha terkait       limited to providing advice, guidance, and operational assistance
     permasalahan organisasi dan manajemen lainnya, seperti          related to organizational and management issues, such as
     perencanaan, keputusan yang berkaitan dengan keuangan,          planning, financial decision-making, and production control
     hingga aktivitas pengontrolan produksi.                         activities.



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

     Pada tahun 2023, Perseroan telah menjalankan kegiatan usaha     In 2023, the Company conducted its main business activities as
     utama yang tercantum pada Pasal 3 Anggaran Dasar Perseroan.     stated in Article 3 of the Company’s Articles of Association.




     Produk dan Jasa
     Products and Services


     Perseroan menawarkan beragam jenis produk dan jasa yang         The Company offers a variety of products and services tailored to
     disesuaikan dengan kebutuhan pelanggan sebagaimana              meet customer needs, as outlined below:
     dijelaskan berikut:




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           Emas dan Perak                           Logam Emas Batangan                               Medali Emas
           Gold and Silver                             Gold Minted Bar                               Gold Medallion



Produk                                                           Products

Perseroan menjadi salah satu penghasil murni emas (pure-play     The Company is one of the largest pure-play gold producers in
gold producer) terbesar di Indonesia dan Asia Tenggara. Produk   Indonesia and Southeast Asia. The products include gold and
yang dihasilkan yaitu emas dan perak; logam emas batangan; dan   silver; gold minted bars; and gold medallion, outlined as follows:
medali emas yang diuraikan sebagai berikut:
1. Emas dan Perak                                                1. Gold and Silver
    Granule (dilakukan oleh MSM dan TTN).                           Granule (operated by MSM dan TTN).
2. Logam Emas Batangan                                           2. Gold Minted Bars
    Emas batangan dengan merek dagang “Lotus Archi” bertema         Gold minted bars under the trademark “Lotus Archi,” featuring
    Merah Putih dan Gift Series yang memiliki beragam ukuran        a Red and White theme and Gift Series, come in various sizes
    dengan kadar emas murni 99,99% dan bersertifikat SNI.           with a purity of 99.99% pure gold and are certified by the
    Selain itu, emas batangan tersebut juga dilengkapi dengan       Indonesian National Standard (SNI). Additionally, these gold
    teknologi CertiTrack (untuk mengecek keaslian emas) dan         bars are equipped with CertiTrack technology (for verifying
    CertiEye (sistem keamanan produk emas batangan).                authenticity of the gold) and CertiEye (a security system for
                                                                    gold bar products).
3. Medali Emas                                                   3. Gold Medallion
   Medali emas diolah dan dijual dengan merek dagang “Lotus         The gold medallion is processed and sold under the brand
   Archi”.                                                          “Lotus Archi.”



Jasa                                                             Services

Selain menghasilkan produk, Perseroan juga menyediakan jasa      In addition to producing products, the Company also provides
penunjang yang diuraikan sebagai berikut:                        supporting services, outlined as follows:
1. Pemuatan dan Pengangkutan Pertambangan                        1. Mining Load and Hauling
    Aktivitas operasional dalam hal pertambangan dan                 Operational activities related to mining and excavation are
    penggalian dilakukan oleh Entitas Asosiasi yaitu GMA.            carried out by a Associated Entity, GMA.
2. Pengolahan dan Percetakan                                     2. Processing and Minting
    Aktivitas Perseroan dalam mengolah emas batangan                 The Company’s activities in processing gold bars are
    dilakukan oleh Entitas Anak yaitu EMAS.                          performed by a Subsidiary, EMAS.
3. Penunjang Pertambangan                                        3. Mining Support
    Berbagai jenis kegiatan penunjang, seperti konsultasi            Various supporting activities, such as management
    manajemen, pembelian, penjualan dan persewaan,                   consulting, purchasing, sales and leasing, capital investment,
    penanaman modal, dan lainnya dilakukan melalui Entitas           and others, are conducted through a Subsidiary, KKM.
    Anak yaitu KKM.




                                                                                                         PT Archi Indonesia Tbk
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     Wilayah Operasional
     Areas of Operation




             Alamat Kantor Pusat              Alamat Pabrik Pengolahan        Alamat Lokasi Pertambangan
             Head Office Address                dan Percetakan Emas             Mining Location Address
                                                 Gold Processing and
                                                 Minting Plant Address


      Rajawali Place Lt. 27 / 27th Floor   Kawasan Industri Cimareme        Desa Winuri, Kecamatan Likupang
      Jl. HR Rasuna Said Kav. B/4          Cimareme Industrial Area         Timur
      Jakarta Selatan 12910                Jl. Industri Cimareme 1 No. 17   Kabupaten Minahasa Utara,
      T : +62 21 576 1719                  Padalarang, Kab. Bandung Barat   Sulawesi Utara 95373
      F : +62 21 576 1720                  40553                            Winuri Village, East Likupang Sub-
      E : corsec@archimining.com           T : +62 21 576 1719              district, North Minahasa Regency,
      W : www.archiindonesia.com           F : +62 21 576 0808              North Sulawesi 95373
                                           E : info@lotusarchi.com          T : +62 431 889 5850
                                                                            F : +62 431 889 5852




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                                                                                                                         Profil Perusahaan
                                                                                                                          Company Profile




Adapun jaringan bisnis Perseroan melalui Entitas Anak                  As of the end of 2023, the Company’s business network through
hingga akhir tahun 2023, terdiri atas atas 2 wilayah kelolaan          its Subsidiaries consisted of 2 mining management areas with a
pertambangan dengan total area seluas 39.817 Ha yang diuraikan         total area of 39,817 hectares, outlined as follows:
sebagai berikut:



                      Nama Izin          Nomor Izin                                                                  Masa Berlaku
      Lokasi        Pertambangan       Pertambangan                   Penerbit Izin                  Area            Validity Period
     Location       Mining License     Mining License                License Issuer                  (Ha)        Mulai           Berakhir
                        Name              Number                                                                 Start             End

 Kabupaten         Kontrak Karya MSM   B-43/Pres/11/1986   Menteri Energi dan Sumber Daya           8.969    6 Maret 2011     5 Maret 2041
 Minahasa Utara,   Contract of Work                        Mineral Republik Indonesia                        March 6, 2011    March 5, 2041
 Sulawesi Utara    MSM                                     Minister of Energy and Mineral
 North Minahasa                                            Resources of the Republic of Indonesia
 Regency, North
 Sulawesi          Kontrak Karya TTN   B.143/Pres/3/1997   Menteri Energi dan Sumber Daya           30.848   11 Maret 2011    10 Maret 2041
                   Contract of Work                        Mineral Republik Indonesia                        March 11, 2011   March 10, 2041
                   TTN                                     Minister of Energy and Mineral
                                                           Resources of the Republic of Indonesia

 Total Area (Ha)                                                                                    39.817




                                                                                                                  PT Archi Indonesia Tbk
                                                                                                                         2023 Annual Report
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     Struktur Organisasi
     Organization Structure



                          Komite Audit                                                             DEWAN KOMISARIS
                         Audit Committee                                                        BOARD OF COMMISSIONERS


               Ketua / Chairman : Dr. Ir. Bambang Setiawan              Komisaris Utama / President Commissioner            : Kenneth Ronald Kennedy Crichton
               Anggota / Member : Hamid Awaluddin                       Wakil Komisaris Utama / Vice President Commissioner : Rizki Indrakusuma
                                  Herwan Ng                             Komisaris / Commissioner                            : Abed Nego
                                                                        Komisaris Independen / Independent Commissioner : Dr. Ir. Bambang Setiawan
                                                                        Komisaris Independen / Independent Commissioner : Hamid Awaluddin
                                                                        Komisaris Independen / Independent Commissioner : Jhoni Ginting




                                                                                                         DIREKSI
                                                                                                    BOARD OF DIRECTORS



                                                                                                          Rudy Suhendra
                                                                                                          Direktur Utama
                                                                                                         President Director




                                                                    Sekretaris Eksekutif
                                                                                                                                     Chief Executive Officer Office
                                                                    Executive Secretary




                      Kepala Unit Audit Internal                                                                                        Sekretaris Perusahaan
                       Head Internal Audit Unit                                                                                          Corporate Secretary




                                                                                                              Direktur
                                                                                                              Director




                              Human Capital & Corp           Exploration Group          HSE & Formalities           Underground Group           Open Pit Mining Group
      Legal Group Head
                              Services Group Head                  Head                   Group Head                      Head                          Head




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                                                                                                                                  Profil Perusahaan
                                                                                                                                   Company Profile




                                Komite Nominasi dan Remunerasi
                             Nomination and Remuneration Committee


                              Ketua / Chairman : Hamid Awaluddin
                              Anggota / Member : Rizki Indrakusuma
                                                Abed Nego




                                               Komite Etik
                                            Ethics Committee

                              Ketua / Chairman : Rizki Indrakusuma
                              Anggota / Member : Kenneth Ronald Kennedy Crichton
                                                 Abed Nego
                                                 Rudy Suhendra




                                        Komite Pengeluaran
                                       Expenditure Committee

                              Ketua / Chairman : Hidayat Dwiputro Sulaksono
                              Anggota / Member : Rudy Suhendra
                                                 Scott Gerald Atkinson




                                           Komite Investasi
                                        Investment Committee

                              Ketua / Chairman : Rudy Suhendra
                              Anggota / Member : Hidayat Dwiputro Sulaksono
                                                 Scott Gerald Atkinson




Manajer Hubungan Investor
Investor Relations Manager




                                                       Direktur                               Direktur
                                                       Director                               Director




                                                                         Deputy of Chief
                                                                         Finance Officer




                     Process, Metallurgy,          Sustainability &                                         Information
Mining Planning                                                               Finance Group Head         Technology Group          Sales Department
                     & Maintenance Group        External Affairs Group
  Group Head                                                                                                    Head
                            Head                        Head




                                                                                                                            PT Archi Indonesia Tbk
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     Daftar Keanggotaan Asosiasi
     List of Association Membership




     Perseroan melalui Entitas Anak, MSM dan TTN terlibat dalam       The Company, through its Subsidiaries, MSM and TTN, is involved
     asosiasi yang relevan dengan kegiatan usaha yang dijalankan.     in relevant associations related to its business activities.




                                                     Indonesian Mining Association
                                   Skala                                                  Posisi Perseroan
                                   Scale                                               Position of the Company

                                  Nasional                                                     Anggota
                                  National                                                     Member




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                                                                                                                           Profil Perusahaan
                                                                                                                            Company Profile




Profil Dewan Komisaris
Board of Commissioners’ Profile



                                                     KENNETH RONALD KENNEDY CRICHTON
                                                     Komisaris Utama
                                                     President Commissioner




                                                     Dasar Hukum Pengangkatan Terakhir
                                                     Basis for the Latest Appointment
                                                     Keputusan RUPS Tahunan tanggal 26 April 2022 (2022-2027).
                                                     Annual GMS resolutions dated April 26, 2022 (2022-2027).


                                                     Riwayat Pendidikan
                                                     Educational Background
                                                     • Certificate of Business Administration dari University of Warwick, Warwick Business
                                                       School, Inggris (1993);
                                                     • Diploma of Financial Securities dari Securities Institute of Australia (1990); dan
                                                     • Bachelor of Mining Engineering dari University of New South Wales, Australia (1985).

     Kewarganegaraan                                 • Certificate of Business Administration from University of Warwick, Warwick Business
                                                       School, United Kingdom (1993);
     Nationality
                                                     • Diploma of Financial Securities from Securities Institute of Australia (1990); and
     Australia                                       • Bachelor of Mining Engineering from University of New South Wales, Australia (1985).

                                                     Sertifikasi Profesi
     Usia                                            Professional Certification
     Age                                             Certificate of Competency for the Occupation of Metalliferous Mine Manager Surface dari
                                                     Independent State of Papua New Guinea (2017).
     61 Tahun / years old
                                                     Certificate of Competency for the Occupation of Metalliferous Mine Manager Surface from
                                                     the Independent State of Papua New Guinea (2017).

     Domisili                                        Pengalaman Kerja
     Domicile                                        Work Experience
     Jakarta                                         •   Direktur Utama Perseroan (2021-2022);
                                                     •   Managing Director Mining PT Rajawali Corpora (2019-2023);
                                                     •   Direktur Utama PT Thies Contractors Indonesia (2017-2019);
                                                     •   Direktur Utama Leighton Contractors Indonesia (2017-2019);
     Hubungan Afiliasi
                                                     •   Kepala Operasional Lihir Gold Mine, Newcrest Mining (2016-2017);
     Affiliation Relationship                        •   Direktur Eksekutif Goldbridges Global Resources (2013-2016);
     Tidak memiliki hubungan afiliasi dengan         •   Direktur Non-Eksekutif Kemin Resources, Goldbridges Global Resources Plc (2013-2016);
     anggota Dewan Komisaris lainnya dan             •   Chief Executive Officer dan Executive Director APM dan GMA Resources (2008-2013); dan
     Direksi. Namun, beliau memiliki hubungan        •   Direktur Non-Eksekutif Kemin Resources AIM (2008-2013).
     afiliasi  dengan      Pemegang       Saham      •   President Director of the Company (2021-2022);
     Pengendali, yaitu PT Rajawali Corpora.          •   Mining Managing Director at PT Rajawali Corpora (2019-2023);
     Has no affiliation with other members           •   President Director at PT Thies Contractors Indonesia (2017-2019);
     of the Board of Commissioners and the           •   President Director at Leighton Contractors Indonesia (2017-2019);
     Board of Directors. However, he has an          •   Head of Operations at Lihir Gold Mine, Newcrest Mining (2016-2017);
     affiliation with the Controlling Shareholder,   •   Executive Director at Goldbridges Global Resources (2013-2016);
     PT Rajawali Corpora.                            •   Non-Executive Director at Kemin Resources, Goldbridges Global Resources Plc (2013-2016)
                                                     •   Chief Executive Officer and Executive Director at APM and GMA Resources (2008-2013); and
                                                     •   Non-Executive Director at Kemin Resources AIM (2008-2013)




                                                     Rangkap Jabatan
                                                     Concurrent Position
                                                     Anggota Komite Etik Perseroan (sejak 2021).
                                                     Member of Ethics Committee of the Company (since 2021).




                                                                                                                    PT Archi Indonesia Tbk
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Page 58
                                                           RIZKI INDRAKUSUMA
                                                           Wakil Komisaris Utama
                                                           Vice President Commissioner


                                                           Dasar Hukum Pengangkatan Terakhir
                                                           Basis for the Latest Appointment
                                                           Keputusan RUPS Tahunan tanggal 26 April 2022 (2022-2027).
                                                           Annual GMS resolutions dated April 26, 2022 (2022-2027).


                                                           Riwayat Pendidikan
                                                           Educational Background
                                                           Sarjana Hukum dari Universitas Katolik Parahyangan (2003).
                                                           Bachelor of Law from Universitas Katolik Parahyangan (2003).


                                                           Sertifikasi Profesi
                                                           Professional Certification
           Kewarganegaraan                                 Sertifikasi Advokat dari Perhimpunan Advokat Indonesia (PERADI) (2017).
           Nationality                                     Certification of Advocate from the Indonesian Advocates Association (PERADI) (2017).

           Indonesia
                                                           Pengalaman Kerja
                                                           Work Experience
           Usia                                            •   Komisaris Utama PT Golden Eagle Energy Tbk (2022-2023);
           Age                                             •   Komisaris Utama Perseroan (2021-2022);
                                                           •   Direktur Legal PT Rajawali Corpora (2016-2017);
           42 Tahun / years old                            •   General Manager Legal PT Rajawali Corpora (2011-2016);
                                                           •   Assistant Manager PT Rajawali Corpora (2005-2011); dan
                                                           •   Associate DNC Law Firm (2003-2005).
           Domisili                                        •   President Commissioner at PT Golden Eagle Energy TBk (2022-2023);
           Domicile                                        •   President Commissioner of the Company (2021-2022);
                                                           •   Legal Director at PT Rajawali Corpora (2016-2017);
           Jakarta                                         •   General Manager Legal at PT Rajawali Corpora (2011-2016);
                                                           •   Assistant Manager at PT Rajawali Corpora (2005-2011); and
                                                           •   Associate at DNC Law Firm (2003-2005).
           Hubungan Afiliasi
                                                           Rangkap Jabatan
           Affiliation Relationship
                                                           Concurrent Position
           Tidak memiliki hubungan afiliasi dengan         •   Ketua Komite Etik Perseroan (sejak 2021);
           anggota Dewan Komisaris lainnya dan             •   Anggota Komite Nominasi dan Remunerasi Perseroan (sejak 2021);
           Direksi. Namun, beliau memiliki hubungan        •   Managing Director PT Rajawali Corpora (sejak 2017); dan
           afiliasi  dengan      Pemegang       Saham      •   Komisaris EMAS (sejak 2020).
           Pengendali, yaitu PT Rajawali Corpora.
                                                           •   Chairman of Ethics Committee of the Company (since 2021);
           Has no affiliation with other members           •   Member of Nomination and Remuneration Committee of the Company (since 2021);
           of the Board of Commissioners and the           •   Managing Director at PT Rajawali Corpora (since 2017); and
           Board of Directors. However, he has an          •   Commissioner at EMAS (since 2020).
           affiliation with the Controlling Shareholder,
           PT Rajawali Corpora.




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     Laporan Tahunan 2023
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                                                                                                                     Profil Perusahaan
                                                                                                                      Company Profile




                                                 ABED NEGO
                                                 Komisaris
                                                 Commissioner



                                                 Dasar Hukum Pengangkatan Terakhir
                                                 Basis for the Latest Appointment
                                                 Keputusan RUPS Luar Biasa tanggal 9 Februari 2021 (2021-2026).
                                                 Annual GMS resolutions dated February 9, 2021 (2021-2026).


                                                 Riwayat Pendidikan
                                                 Educational Background
                                                 • Master of Applied Finance dari Macquire University, Australia (2001); dan
                                                 • Sarjana Ekonomi Sekolah Tinggi Ilmu Ekonomi IBII (1996).
                                                 • Master of Applied Finance from Macquire University, Australia (2001); and
                                                 • Bachelor of Economics from Sekolah Tinggi Ilmu Ekonomi (Institute of Economic
                                                   Science) of IBII (1996).


Kewarganegaraan                                  Pengalaman Kerja
Nationality                                      Work Experience
                                                 •   Komisaris Utama PT Golden Eagle Energi Tbk (2020-2022);
Indonesia
                                                 •   Komisaris KKM (2018-2020);
                                                 •   Komisaris MSM (2017-2020);
                                                 •   Komisaris TTN (2017-2020); dan
Usia                                             •   Direktur KKM (2017-2018).
Age                                              •   President Commissioner at PT Golden Eagle Energy Tbk (2020-2022);
                                                 •   Commissioner at KKM (2018-2020);
49 Tahun / years old
                                                 •   Commissioner at MSM (2017-2020);
                                                 •   Commissioner at TTN (2017-2020); dan
                                                 •   Director at KKM (2017-2018).
Domisili
Domicile                                         Rangkap Jabatan
                                                 Concurrent Position
Jakarta
                                                 •   Komisaris Utama PT Eagle High Plantation Tbk (sejak 2022);
                                                 •   Anggota Komite Etik Perseroan (sejak 2021);
                                                 •   Anggota Komite Nominasi dan Remunerasi Perseroan (sejak 2021);
Hubungan Afiliasi
                                                 •   Komisaris Utama PT Fortune Indonesia Tbk (sejak 2020); dan
Affiliation Relationship                         •   Managing Director (CFO) PT Rajawali Corpora (sejak 2017).
Tidak memiliki hubungan afiliasi dengan          •   President Commissioner at PT Eagle High Plantation Tbk (since 2022);
anggota Dewan Komisaris lainnya dan              •   Member of Ethic Committee of the Company (since 2021);
Direksi. Namun, beliau memiliki hubungan         •   Member of Nomination and Remuneration of the Company (since 2021);
afiliasi  dengan      Pemegang       Saham       •   President Commissioner at PT Fortune Indonesia Tbk (since 2020); and
Pengendali, yaitu PT Rajawali Corpora.           •   Managing Director (CFO) at PT Rajawali Corpora (since 2017).
Has no affiliation with other members of the
Board of Commissioners and the Board of
Directors. However, he has an affiliation with
the Controlling Shareholder, PT Rajawali
Corpora.




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                                                                                                                     2023 Annual Report
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                                                             DR. IR. BAMBANG SETIAWAN
                                                             Komisaris Independen
                                                             Independent Commissioner



                                                             Dasar Hukum Pengangkatan Pertama Kali
                                                             Basis for the Latest Appointment
                                                             Keputusan RUPS Luar Biasa tanggal 9 Februari 2021 (2021-2026).
                                                             Extraordinary GMS resolutions dated February 9, 2021 (2021-2026).




                                                             Riwayat Pendidikan
                                                             Educational Background
                                                             • Doctor in Geology and Mineral Deposits dari Ecole Nationale Superieure Des Mines de
                                                               Paris, Prancis (1993); dan
                                                             • Insinyur Teknik Pertambangan dari Institut Teknologi Bandung (1976).
           Kewarganegaraan
                                                             • Doctor in Geology and Mineral Deposits from Ecole Nationale Superieure des Mines de
           Nationality                                         Paris, France (1993); and
           Indonesia                                         • Bachelor of Industrial Engineering from Institut Teknologi Bandung (1976).


                                                             Pengalaman Kerja
           Usia                                              Work Experience
           Age
                                                             •   Komisaris Independen PT Trada Alam Mineral Tbk (2018-2021);
           72 Tahun / years old                              •   Presiden Komisaris TTN (2013-2019);
                                                             •   Advisor PT Celanese Indonesia (2012-2014);
                                                             •   Komisaris Independen PT Jogja Magasa Iron (2011-2023);
                                                             •   Advisor PT Kideco Jaya Agung (2011-2016);
           Domisili
                                                             •   Advisor PT Newmont Nusa Tenggara (2011-2014);
           Domicile                                          •   Advisor PT Weda Bay Nickel (2011-2013); dan
           Bandung                                           •   Direktur Jenderal Mineral dan Batubara Kementerian Energi dan Sumber Daya Mineral
                                                                 (2008-2011).
                                                             •   Independent Commissioner at PT Trada Alam Mineral Tbk (2018-2021);
                                                             •   President Commissioner at TTN (2013-2019);
           Pernyataan Independensi                           •   Advisor at PT Celanese Indonesia (2012-2014);
           Statement of Independence                         •   Independent Commissioner at PT Jogja Magasa Iron (2011-2023);
                                                             •   Advisor at PT Kideco Jaya Agung (2011-2016);
           Beliau telah menjabat selama 2 periode dan
                                                             •   Advisor at PT Newmont Nusa Tenggara (2011-2014);
           telah menandatangani surat pernyataan
                                                             •   Advisor at PT Weda Bay Nickel (2011-2013); and
           independensi setelah diputuskan efektif
                                                             •   Director General of Minerals and Coal, Ministry of Energy and Mineral Resources
           menjabat.
                                                                 (2008-2011).
           He has served for 2 term and has signed
           a statement of independence after being
           deemed effective in position.                     Rangkap Jabatan
                                                             Concurrent Position
                                                             •   Ketua Komite Audit PT Golden Energy Mines Tbk (sejak 2022);
           Hubungan Afiliasi                                 •   Ketua Komite Audit Perseroan (sejak 2021);
           Affiliation Relationship                          •   Ketua Dewan Penasihat Asosiasi Usaha Jasa Pertambangan Indonesia (sejak 2015);
                                                             •   Anggota Dewan Penasihat Perhimpunan Ahli Pertambangan Indonesia (sejak 2014);
           Tidak memiliki hubungan afiliasi dengan           •   Komisaris Independen PT Golden Energy Mines Tbk (sejak 2012);
           anggota Dewan Komisaris lainnya, Direksi,         •   Anggota Dewan Penasihat Indonesia Mining Association (sejak 2011);
           serta Pemegang Saham Utama dan                    •   Komisaris Independen PT Thiess Contractors Indonesia (sejak 2011); dan
           Pengendali, baik langsung maupun tidak            •   Komisaris Independen PT Kalimantan Surya Kencana (sejak 2011).
           langsung sampai kepada pemilik akhir
                                                             •   Chairman of Audit Committee at PT Golden Energy Mines Tbk (since 2022);
           individu.
                                                             •   Chairman of Audit Committee of the Company (since 2021);
           Has no affiliation with other members of the      •   Chairman of the Advisory Board of Indonesian Mining Services Association (since 2015);
           Board of Commissioners, Board of Directors,       •   Member of the Advisory Board of the Association of Indonesian Mining Professionals
           as well as the Majority and Controlling               (since 2014);
           Shareholders, either directly or indirectly, up   •   Independent Commissioner at PT Golden Energy Mines Tbk (since 2012);
           to the ultimate individual owners.                •   Member of the Advisory Board of Indonesian Mining Association (since 2011);
                                                             •   Independent Commissioner at PT Thiess Contractors Indonesia (since 2011); and
                                                             •   Independent Commissioner at PT Kalimantan Surya Kencana (since 2011).




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                                                                                                                      Profil Perusahaan
                                                                                                                       Company Profile




                                                  HAMID AWALUDDIN
                                                  Komisaris Independen
                                                  Independent Commissioner


                                                  Dasar Hukum Pengangkatan Pertama Kali
                                                  Basis for the Latest Appointment
                                                  Keputusan RUPS Luar Biasa tanggal 9 Februari 2021 (2021-2026).
                                                  Extraordinary GMS resolutions dated February 9, 2021 (2021-2026).

                                                  Riwayat Pendidikan
                                                  Educational Background
                                                  • Pendidikan Khusus Hak Asasi Manusia Internasional dari Lund University, Swedia (2002);
                                                  • Doktoral Keadilan Sosial dari American University, Washington DC, Amerika Serikat (1997);
                                                  • Magister Hubungan Internasional dari American University, Washington DC, Amerika
                                                    Serikat (1991);
                                                  • Magister Hukum dalam Hak Asasi Manusia Internasional dari Washington College of Law,
                                                    American University, Washington DC, Amerika Serikat (1989); dan
                                                  • Sarjana Hukum dari Universitas Hasanuddin, Makassar (1986).
                                                  • Special Education on International Human Rights from Lund University, Sweden (2002);
Kewarganegaraan                                   • Doctor in Social Justice from American University, Washington DC, United States of
Nationality                                         America (1997);
                                                  • Master of International Relations from American University, Washington DC, United States
Indonesia                                           of America (1991);
                                                  • Master of Laws in International Human Rights Law from Washington College of Law,
                                                    American University, Washington DC, United States of America (1989); and
                                                  • Bachelor of Law from Universitas Hassanudin, Makassar (1986).
Usia
Age                                               Sertifikasi Profesi
61 Tahun / years old                              Professional Certification
                                                  • Bintang Mahaputra dari Presiden Republik Indonesia (2013); dan
                                                  • Pengangkatan Guru Besar dari Pemerintah Indonesia (2008).
Domisili                                          • Bintang Mahaputra from the President of the Republic of Indonesia (2013); and
                                                  • Appointment of Professor from the Government of Indonesia (2008).
Domicile
Jakarta                                           Pengalaman Kerja
                                                  Work Experience
                                                  •   Ketua Komite Audit PT Pelita Samudera Shipping Tbk (2019-2022);
Pernyataan Independensi                           •   Presiden Komisaris PT Pelita Samudera Shipping Tbk (2019-2022);
Statement of Independence                         •   Presiden Direktur PT Kutai Energi (2017-2023);
                                                  •   Presiden Direktur PT Kartanegara Energi Perkasa (2017-2022); dan
Beliau telah menjabat selama 1 periode dan        •   Special Advisor TIGER Gold Mine, Australia (2012-2014).
telah menandatangani surat pernyataan             •   Chairman of Audit Committee at PT Pelita Samudera Shipping Tbk (2019-2022);
independensi setelah diputuskan efektif           •   President Commissioner at PT Pelita Samudera Shipping Tbk (2019-2022);
menjabat.                                         •   President Director at PT Kutai Energi (2017-2023);
                                                  •   President Director at PT Kartanegara Energi Perkasa (2017-2022); and
He has served for 1 term and has signed
                                                  •   Special Advisor at TIGER Gold Mine, Australia (2012-2014).
a statement of independence after being
deemed effective in position.
                                                  Rangkap Jabatan
                                                  Concurrent Position
Hubungan Afiliasi                                 •   Anggota Komite Audit PT ESSA Industries Indonesia Tbk (sejak 2023);
                                                  •   Presiden Komisaris PT Indomining (sejak 2022);
Affiliation Relationship                          •   Presiden Komisaris PT Trinsesa Mineral Utama (sejak 2022);
Tidak memiliki hubungan afiliasi dengan           •   Ketua Komite Nominasi dan Remunerasi Perseroan (sejak 2021);
anggota Dewan Komisaris lainnya, Direksi,         •   Anggota Komite Audit Perseroan (sejak 2021);
                                                  •   Ketua Bidang Hubungan Internasional Palang Merah Indonesia (sejak 2019);
serta Pemegang Saham Utama dan
                                                  •   Ketua Komite Nominasi dan Remunerasi PT Delta Dunia Makmur Tbk (sejak 2018);
Pengendali, baik langsung maupun tidak
                                                  •   Presiden Direktur PT Adimitra Baratama Nusantara (sejak 2014);
langsung sampai kepada pemilik akhir
                                                  •   Presiden Komisaris PT ESSA Industries Indonesia Tbk (sejak 2012);
individu.                                         •   Komisaris Utama PT Delta Dunia Makmur (sejak 2012); dan
Has no affiliation with other members of the      •   Guru Besar Fakultas Hukum Universitas Hasanuddin, Makassar (sejak 1989).
Board of Commissioners, Board of Directors,       •   Member of Audit Committee at PT ESSA Industries Indonesia Tbk (since 2023);
as well as the Majority and Controlling           •   President Commissioner at PT Indomining (since 2022);
Shareholders, either directly or indirectly, up   •   Presiden Komisaris PT Trinsesa Mineral Utama (since 2022);
to the ultimate individual owners                 •   Chairman of Nomination and Remuneration Committee of the Company (since 2021);
                                                  •   Member of Audit Committee of the Company (since 2021);
                                                  •   Head of International Relations at Indonesian Red Cross Society (since 2019);
                                                  •   Chairman of Nomination and Remuneration Committee of PT Delta Dunia Makmur Tbk
                                                      (since 2018);
                                                  •   President Director at PT Adimitra Baratama Nusantara (since 2014);
                                                  •   President Commissioner at PT ESSA Industries Indonesia Tbk (since 2012);
                                                  •   President Commissioner at PT Delta Dunia Makmur (since 2012); and
                                                  •   Professor at the Faculty of Law, Universitas Hasanuddin, Makassar (since 1989).




                                                                                                               PT Archi Indonesia Tbk
                                                                                                                      2023 Annual Report
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Page 62
             Kewarganegaraan
             Nationality
                                                               JHONI GINTING
             Indonesia                                         Komisaris Independen
                                                               Independent Commissioner
             Usia
             Age
             62 Tahun / years old
                                                               Dasar Hukum Pengangkatan Pertama Kali
                                                               Basis for the Latest Appointment
             Domisili                                          Keputusan RUPS Tahunan tanggal 26 April 2022 (2022-2027).
             Domicile                                          Annual GMS resolutions dated April 26, 2022 (2022-2027).
             Jakarta
                                                               Riwayat Pendidikan
             Pernyataan Independensi                           Educational Background
             Statement of Independence
                                                               •   Narcotic Law Enforcement Training dari Bangkok, Thailand (1996);
             Beliau telah menjabat selama 1 periode dan        •   Magister Hukum dari Universitas Airlangga, Surabaya (1994);
             telah menandatangani surat pernyataan             •   Maritime Law dari Wollongong University, Australia (1994);
             independensi setelah diputuskan efektif           •   Court Management dari Pittsburgh University, Amerika Serikat (1993); dan
             menjabat.                                         •   Narcotic Law dari Manchester University, Inggris (1991).
             He has served for 1 term and has signed           •   Narcotic Law Enforcement Training from Bangkok, Thailand (1996);
             a statement of independence after being           •   Master of Law from Universitas Airlangga, Surabaya (1994);
             deemed effective in position.                     •   Maritime Law from Wollongong University, Australia (1994);
                                                               •   Court Management from Pittsburgh University, United States of America (1993); and
             Hubungan Afiliasi                                 •   Narcotic Law from Manchester University, England (1991).
             Affiliation Relationship
                                                               Pengalaman Kerja
             Tidak memiliki hubungan afiliasi dengan
             anggota Dewan Komisaris lainnya, Direksi,
                                                               Work Experience
             serta Pemegang Saham Utama dan                    • Direktur Jenderal Imigrasi Kementerian Hukum dan Hak Asasi Manusia Republik
             Pengendali, baik langsung maupun tidak              Indonesia (2020-2021);
             langsung sampai kepada pemilik akhir              • Komisaris PT Bukit Asam Tbk (2018-2021); dan
             individu.                                         • Inspektur Jenderal Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia
             Has no affiliation with other members of the        (2018-2020).
             Board of Commissioners, Board of Directors,       • Director General of Immigration, Ministry of Law and Human Rights of the Republic of
             as well as the Majority and Controlling             Indonesia (2020-2021);
             Shareholders, either directly or indirectly, up   • Commissioner at PT Bukit Asam Tbk (2018-2021); and
             to the ultimate individual owners.                • Inspector General of the Ministry of Law and Human Rights of the Republic of Indonesia
                                                                 (2018-2020).

                                                               Rangkap Jabatan
                                                               Concurrent Position
                                                               Dewan Pengawas Pekerjaan Umum Bulog Republik Indonesia (sejak 2021).
                                                               Supervisory Board of Perum Bulog (State Logistics Agency) of Republic of Indonesia (since
                                                               2021).




     Perubahan Komposisi Anggota Dewan                                         Changes in the Board of Commissioners’
     Komisaris dan Alasan Perubahan                                            composition and the Reasons for the
                                                                               Changes

     Sepanjang tahun 2023, komposisi anggota Dewan Komisaris                   Throughout 2023, there were no changes in the composition of
     Perseroan tidak mengalami perubahan.                                      the Company’s Board of Commissioners.




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                                                                                                                           Profil Perusahaan
                                                                                                                            Company Profile




Profil Direksi
Board of Directors’ Profile



                                                       RUDY SUHENDRA
                                                       Direktur Utama
                                                       President Director


                                                       Dasar Hukum Pengangkatan Terakhir
                                                       Basis for the Latest Appointment
                                                       Keputusan RUPS Tahunan tanggal 26 April 2022 (2022-2027).
                                                       Annual GMS resolutions dated April 26, 2022 (2022-2027).


                                                       Riwayat Pendidikan
                                                       Educational Background
                                                       Sarjana Akuntansi dan Sistem Informasi Manajemen dari Ohio State University, Amerika
                                                       Serikat (2003).
                                                       Bachelor of Accounting and Management Information Systems from Ohio State University,
                                                       USA (2003)



     Kewarganegaraan                                   Pengalaman Kerja
     Nationality                                       Work Experience
                                                       • Wakil Direktur Utama Perseroan (2019-2022);
     Indonesia
                                                       • Direktur Perseroan (2016-2019);
                                                       • Sekretaris Perusahaan dan Head of Corporate Finance PT Eagle High Plantation Tbk
                                                         (2015-2016); dan
     Usia                                              • Head of Business Development PT Eagle High Plantation Tbk (2008-2015).
     Age                                               • Vice President Director of the Company (2019-2022);
                                                       • Director of the Company (2016-2019);
     42 Tahun / years old
                                                       • Corporate Secretary and Head of Corporate Finance at PT Eagle High Plantation Tbk
                                                         (2015-2016); and
                                                       • Head of Business Development at PT Eagle High Plantation Tbk (2008-2015).
     Domisili
     Domicile
                                                       Rangkap Jabatan
     Jakarta                                           Concurrent Position
                                                       •   Anggota Komite Pengeluaran Perseroan (sejak 2022);
                                                       •   Ketua Komite Investasi Perseroan (sejak 2022);
     Hubungan Afiliasi                                 •   Anggota Komite Etik Perseroan (sejak 2021);
     Affiliation Relationship                          •   Komisaris Utama MSM (sejak 2020);
                                                       •   Komisaris Utama TTN (sejak 2020);
     Tidak memiliki hubungan afiliasi dengan
                                                       •   Komisaris Utama KKM (sejak 2020);
     anggota Dewan Komisaris, Direksi lainnya,
                                                       •   Komisaris Utama JPP (sejak 2020);
     serta Pemegang Saham Utama dan
                                                       •   Komisaris Utama GMA (sejak 2020);
     Pengendali, baik langsung maupun tidak
                                                       •   Direktur Utama EMAS (sejak 2020); dan
     langsung sampai kepada pemilik akhir
                                                       •   Direktur ARPTE (sejak 2020).
     individu.
                                                       •   Member of Expenditure Committee of the Company (since 2022);
     Has no affiliation with members of the Board
                                                       •   Chairman of Investment Committee of the Company (since 2022);
     of Commissioners, Board of Directors,
                                                       •   Member of Ethics Committee of the Company (since 2021);
     as well as the Majority and Controlling
                                                       •   President Commissioner of MSM (since 2020);
     Shareholders, either directly or indirectly, up
                                                       •   President Commissioner of TTN (since 2020);
     to the ultimate individual owners.
                                                       •   President Commissioner of KKM (since 2020);
                                                       •   President Commissioner of JPP (since 2020);
                                                       •   President Commissioner of GMA (since 2020);
                                                       •   President Director of EMAS (since 2020); and
                                                       •   Director of ARPTE (since 2020).




                                                                                                                   PT Archi Indonesia Tbk
                                                                                                                           2023 Annual Report
                                                                                                                                                61
Page 64
                                                             CHRISTIAN EMANUEL DAVID SOMPIE
                                                             Direktur
                                                             Director


                                                             Dasar Hukum Pengangkatan Terakhir
                                                             Basis for the Latest Appointment
                                                             Keputusan RUPS Tahunan tanggal 26 April 2022 (2022-2027).
                                                             Annual GMS resolutions dated April 26, 2022 (2022-2027).


                                                             Riwayat Pendidikan
                                                             Educational Background
                                                             • Doktor Ilmu Kelautan dari Universitas Sam Ratulangi, Manado (2021);
                                                             • Magister Ilmu Kelautan dari Universitas Manado (2010); dan
                                                             • Sarjana Perikanan dan Kelautan dari Universitas Sam Ratulangi, Manado (1992).
                                                             • Doctor of Marine Science from Universitas Sam Ratulangi, Manado (2021);
                                                             • Master of Marine Science from Universitas Manado (2010); and
                                                             • Bachelor of Fisheries and Maritime Affairs from Universitas Sam Ratulangi, Manado
                                                               (1992).
           Kewarganegaraan
           Nationality
                                                             Sertifikasi Profesi
           Indonesia                                         Professional Certification
                                                             Sertifikasi Kepala Teknik Tambang dari Kementerian Energi dan Sumber Daya Mineral
                                                             Republik Indonesia 2006).
           Usia
                                                             Certification of Head of Mining Engineering from Ministry of Energy and Mineral Resources,
           Age                                               Republic of Indonesia (2006).
           54 Tahun / years old
                                                             Pengalaman Kerja
                                                             Work Experience
           Domisili                                          •   Direktur MSM (2019-2020);
           Domicile                                          •   Direktur TTN (2019-2020);
                                                             •   Direktur Utama PT Newmont Minahasa Raya (2011-2019); dan
           Manado                                            •   Kepala Teknik Pertambangan PT Newmont Minahasa Raya (2006-2011).
                                                             •   Director at MSM (2019-2020);
                                                             •   Director at TTN (2019-2020);
           Hubungan Afiliasi                                 •   President Director at PT Newmont Minahasa Raya (2011-2019); and
                                                             •   Mining Technical Head at PT Newmont Minahasa Raya (2006-2011).
           Affiliation Relationship
           Tidak memiliki hubungan afiliasi dengan           Rangkap Jabatan
           anggota Dewan Komisaris, Direksi lainnya,         Concurrent Position
           serta Pemegang Saham Utama dan
                                                             • Direktur Utama MSM (sejak 2020); dan
           Pengendali, baik langsung maupun tidak
                                                             • Direktur Utama TTN (sejak 2020).
           langsung sampai kepada pemilik akhir
           individu.                                         • President Director at MSM (since 2020); and
                                                             • President Director at TTN (sejak 2020).
           Has no affiliation with members of the Board
           of Commissioners, Board of Directors,
           as well as the Majority and Controlling
           Shareholders, either directly or indirectly, up
           to the ultimate individual owners.




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                                                                                                                      Profil Perusahaan
                                                                                                                       Company Profile




                                                  HIDAYAT DWIPUTRO SULAKSONO
                                                  Direktur
                                                  Director


                                                  Dasar Hukum Pengangkatan Terakhir
                                                  Basis for the Latest Appointment
                                                  Keputusan RUPS Tahunan tanggal 26 April 2022 (2022-2027).
                                                  Annual GMS resolutions dated April 26, 2022 (2022-2027).



                                                  Riwayat Pendidikan
                                                  Educational Background
                                                  • Pendidikan Profesi Akuntansi dari Universitas Indonesia, Jakarta (2012); dan
                                                  • Sarjana Akuntansi dari Universitas Gadjah Mada, Yogyakarta (2006).
                                                  • Accounting Profession Program from Universitas Indonesia (2012); and
                                                  • Bachelor of Accounting from Universitas Gadjah Mada (2006).

                                                  Sertifikasi Profesi
Kewarganegaraan                                   Professional Certification
Nationality                                       • Certified Public Accountant dari Ikatan Akuntan Publik Indonesia (2015); dan
                                                  • Chartered Accountant dari Indonesian Institute of Accountants (2014).
Indonesia
                                                  • Certified Public Accountant from the Institute of Indonesia Chartered Accountants
                                                    (2015); and
                                                  • Chartered Accountant from the Indonesian Institute of Accountants (2014).
Usia
Age                                               Pengalaman Kerja
41 Tahun / years old                              Work Experience
                                                  •   Direktur JPP (2020-2022);
                                                  •   Direktur KKM (2020-2022);
Domisili                                          •   Head of Business Control Group Perseroan (2017-2022); dan
                                                  •   Manajer Senior PricewaterhouseCoopers (PwC) Indonesia (2005-2017).
Domicile
                                                  •   Director at JPP (2020-2022);
Jakarta                                           •   Director at KKM (2020-2022);
                                                  •   Head of Business Control Group of the Company (2017-2022); and
                                                  •   Senior Manager at PricewaterhouseCoopers (PwC) Indonesia (2005-2017).
Hubungan Afiliasi
                                                  Rangkap Jabatan
Affiliation Relationship
                                                  Concurrent Position
Tidak memiliki hubungan afiliasi dengan
                                                  •   Sekretaris Perseroan (sejak 2023);
anggota Dewan Komisaris, Direksi lainnya,
                                                  •   Ketua Komite Pengeluaran Perseroan (sejak 2022);
serta Pemegang Saham Utama dan
                                                  •   Anggota Komite Investasi Perseroan (sejak 2022);
Pengendali, baik langsung maupun tidak
                                                  •   Komisaris MSM (sejak 2022);
langsung sampai kepada pemilik akhir
                                                  •   Komisaris TTN (sejak 2022);
individu.
                                                  •   Direktur ARPTE (sejak 2022);
Has no affiliation with members of the Board      •   Komisaris JPP (sejak 2022);
of Commissioners, Board of Directors,             •   Komisaris KKM (sejak 2022); dan
as well as the Majority and Controlling           •   Direktur GMA (sejak 2020).
Shareholders, either directly or indirectly, up
                                                  •   Corporate Secretary of the Company (since 2023);
to the ultimate individual owners.
                                                  •   Chairman of Expenditure Committee of the Company (since 2022);
                                                  •   Member of Investment Committee of the Company (since 2022);
                                                  •   Commissioner of MSM (since 2022);
                                                  •   Commissioner of TTN (since 2022);
                                                  •   Director of ARPTE (since 2022);
                                                  •   Commissioner of JPP (since 2022);
                                                  •   Commissioner of KKM (since 2022); and
                                                  •   Director of GMA (since 2020).




                                                                                                               PT Archi Indonesia Tbk
                                                                                                                      2023 Annual Report
                                                                                                                                           63
Page 66
                                                                 SCOTT GERALD ATKINSON
                                                                 Direktur
                                                                 Director


                                                                 Dasar Hukum Pengangkatan Terakhir
                                                                 Basis for the Latest Appointment
                                                                 Keputusan RUPS Tahunan tanggal 26 April 2022 (2022-2027).
                                                                 Annual GMS resolutions dated April 26, 2022 (2022-2027).


                                                                 Riwayat Pendidikan
                                                                 Educational Background
                                                                 Sarjana Teknik Pertambangan dari University of New South Wales, Australia (1991).
                                                                 Bachelor of Mining Engineering from University of New South Wales, Australia (1991).


                                                                 Sertifikasi Profesi
                                                                 Professional Certification
               Kewarganegaraan                                   First-Class Mine Manager’s Certificate of Competency dari Queensland Government (1995).
               Nationality                                       First-Class Mine Manager’s Certificate of Competency from Queensland Government (1995).

               Australia
                                                                 Pengalaman Kerja
                                                                 Work Experience
               Usia
                                                                 •   Manajer Pertambangan Harmony Gold PNG (2020-2021);
               Age                                               •   Manajer Umum Pertambangan Perseroan (2018-2020);
               53 Tahun / years old                              •   Manajer Proyek Troy Resources Guyana Inc (2015-2017);
                                                                 •   Manajer Pertambangan Griffin Mining (2012-2013);
                                                                 •   Manajer Pertambangan Oceana Gold (2011-2012); dan
                                                                 •   Manajer Umum Pertambangan dan Bawah Tanah Barrick Gold Corporation (2002-2011).
               Domisili                                          •   Mining Manager at Harmony Gold PNG (2020-2021);
               Domicile                                          •   General Mining Manager of the Company (2018-2020);
                                                                 •   Project Manager at Troy Resources Guyana Inc (2015-2017);
               Jakarta
                                                                 •   Mining Manager at Griffin Mining (2012-2013);
                                                                 •   Mining Manager at Oceana Gold (2011-2012); and
                                                                 •   General Mining and Underground Manager at Barrick Gold Corporation (2002-2011).
               Hubungan Afiliasi
               Affiliation Relationship
                                                                 Rangkap Jabatan
               Tidak memiliki hubungan afiliasi dengan
                                                                 Concurrent Position
               anggota Dewan Komisaris, Direksi lainnya,
               serta Pemegang Saham Utama dan                    •   Anggota Komite Investasi Perseroan (sejak 2022);
               Pengendali, baik langsung maupun tidak            •   Anggota Komite Pengeluaran Perseroan (sejak 2022);
               langsung sampai kepada pemilik akhir              •   Direktur MSM (sejak 2022); dan
               individu.                                         •   Direktur TTN (sejak 2022).
               Has no affiliation with members of the Board      •   Member of Investment Committee of the Company (since 2022);
               of Commissioners, Board of Directors,             •   Member of Expenditure Committee of the Company (since 2022);
               as well as the Majority and Controlling           •   Director at MSM (since 2022); and
               Shareholders, either directly or indirectly, up   •   Director at TTN (since 2022).
               to the ultimate individual owners.




     Perubahan Komposisi Anggota Direksi                                         Changes in the Board of Directors’
     dan Alasan Perubahan                                                        Composition and the Reasons for the
                                                                                 Change

     Sepanjang tahun 2023, komposisi anggota Direksi Perseroan                   Throughout 2023, there were no changes in the composition of
     tidak mengalami perubahan.                                                  the Company’s Board of Directors.




64       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 67
                                                                                                                   Profil Perusahaan
                                                                                                                    Company Profile




Komposisi Pemegang Saham
Shareholders Composition



                                            31 Desember 2023                                     1 Januari 2023
                                            December 31, 2023                                    January 1, 2023

                          Jumlah Saham                                         Jumlah Saham
      Uraian             Ditempatkan dan                        Kepemilikan   Ditempatkan dan                          Kepemilikan
    Description           Disetor Penuh                           Saham        Disetor Penuh                             Saham
                         (Lembar Saham)           Total                       (Lembar Saham)          Total
                                                  (AS$)            Share                              (AS$)               Share
                         Total Issued and                        Ownership    Total Issued and                          Ownership
                           Fully Paid-up                            (%)         Fully Paid-up                              (%)
                         Shares (Shares)                                      Shares (Shares)

KEPEMILIKAN 5% ATAU LEBIH / OWNERSHIP OF 5% OR HIGHER

PT Rajawali Corpora        21.109.650.000        17.440.060         85,00       21.109.650.000       17.440.060              85,00

PT Basis Utama Prima        1.533.512.500         1.266.935           6,17       1.533.512.500        1.266.935               6,17

KEPEMILIKAN KURANG DARI 5% / OWNERSHIP OF 5% OR LESS

Masyarakat (masing-
masing di bawah 5%)
                            2.191.837.500         1.643.487          8,83        2.191.837.500        1.643.487               8,83
Public (each below 5%)


Total                     24.835.000.000        20.350.482         100,00      24.835.000.000       20.350.482             100,00




Komposisi Pemegang Saham yang                                          Shareholder Composition with Ownership
Memiliki 5% atau Lebih Saham                                           of 5% or Higher

                                            31 Desember 2023                                     1 Januari 2023
                                            December 31, 2023                                    January 1, 2023

                          Jumlah Saham                                         Jumlah Saham
      Uraian             Ditempatkan dan                        Kepemilikan   Ditempatkan dan                          Kepemilikan
    Description           Disetor Penuh                           Saham        Disetor Penuh                             Saham
                         (Lembar Saham)           Total                       (Lembar Saham)          Total
                                                  (AS$)            Share                              (AS$)               Share
                         Total Issued and                        Ownership    Total Issued and                          Ownership
                           Fully Paid-up                            (%)         Fully Paid-up                              (%)
                         Shares (Shares)                                      Shares (Shares)

PT Rajawali Corpora        21.109.650.000        17.440.060        85,00        21.109.650.000      17.440.060              85,00

PT Basis Utama Prima        1.533.512.500         1.266.935         6,17         1.533.512.500        1.266.935               6,17

Total                     22.643.162.500         18.706.995         91,17      22.643.162.500       18.706.995               91,17




                                                                                                            PT Archi Indonesia Tbk
                                                                                                                   2023 Annual Report
                                                                                                                                        65
Page 68
     Kelompok Pemegang Saham yang Masing-                                               Shareholders Group with Each Ownership
     Masing Memiliki Kurang dari 5% Saham                                               of 5% Shares or Less

                                                   31 Desember 2023                                                    1 Januari 2023
                                                   December 31, 2023                                                   January 1, 2023
                                 Jumlah Saham                                                  Jumlah Saham
                                  Ditempatkan                                                   Ditempatkan
          Uraian                                                             Kepemilikan                                                    Kepemilikan
                                   dan Disetor                                                   dan Disetor
        Description                                                            Saham                                                          Saham
                                      Penuh                Total                                    Penuh                      Total
                                (Lembar Saham)             (AS$)                Share         (Lembar Saham)                   (AS$)           Share
                                                                              Ownership                                                      Ownership
                                Total Issued and                                              Total Issued and
                                                                                 (%)                                                            (%)
                                  Fully Paid-up                                                 Fully Paid-up
                                Shares (Shares)                                               Shares (Shares)
     PEMODAL DOMESTIK / DOMESTIC INVESTOR

     Institusi
                                   1.012.066.275           758.869              4,08                 753.845.675               565.250            3,04
     Institution
     Perorangan
                                    762.655.383             571.855              3,07                 551.488.383              413.518            2,22
     Individual
     Asuransi
                                     57.406.900             43.045              0,23                  56.320.800                42.231            0,23
     Insurance
     Reksadana
                                     52.132.200             39.090               0,21                  1.000.000                  750             0,00
     Mutual Funds
     Dana Pensiun
                                       308.200                  232             0,00                     308.200                  230             0,00
     Pension Fund

     Sub Total                    1.884.568.958            1.413.091             7,59            1.362.963.058             1.021.979              5,49

     PEMODAL ASING / FOREIGN INVESTOR
     Institusi
                                   299.566.442              224.621              1,21                822.710.542               616.886                3,31
     Institutio
     Perorangan
                                      7.702.100                5.755            0,03                    6.163.900                4.622            0,02
     Individual
     Sub Total                     307.268.542             230.396               1,24                828.874.442               621.508            3,34

     Total                        2.191.837.500           1.643.487             8,83             2.191.837.500             1.643.487              8,83




     Komposisi Kepemilikan Saham Langsung                                               Composition of Direct Share Ownership
     oleh Dewan Komisaris dan Direksi                                                   by the Board of Commissioners and Board
                                                                                        of Directors

                                                                             31 Desember 2023                                   1 Januari 2023
                                                                             December 31, 2023                                  January 1, 2023
                                                                   Jumlah Saham                                      Jumlah Saham
             Nama                         Jabatan                 Ditempatkan dan                                   Ditempatkan dan
                                                                                           Kepemilikan                                     Kepemilikan
             Name                         Position                 Disetor Penuh                                     Disetor Penuh
                                                                                             Saham                                           Saham
                                                                  (Lembar Saham)                                    (Lembar Saham)
                                                                                         Share Ownership                                 Share Ownership
                                                                  Total Issued and                                  Total Issued and
                                                                                               (%)                                             (%)
                                                                    Fully Paid-up                                     Fully Paid-up
                                                                  Shares (Shares)                                   Shares (Shares)
     DEWAN KOMISARIS / BOARD OF COMMISSIONERS

     Kenneth Ronald              Komisaris Utama
                                                                         -                       -                         -                      -
     Kennedy Crichton            President Commissioner
     Rizki Indrakusuma           Wakil Komisaris Utama
                                                                         -                       -                         -                      -
                                 Vice President Commissioner
     Abed Nego                   Komisaris
                                                                         -                       -                         -                      -
                                 Commissioner
     Dr. Ir. Bambang             Komisaris Independen
                                                                         -                       -                         -                      -
     Setiawan                    Independent Commissioner




66       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 69
                                                                                                                          Profil Perusahaan
                                                                                                                           Company Profile




                                                                   31 Desember 2023                            1 Januari 2023
                                                                   December 31, 2023                           January 1, 2023
                                                         Jumlah Saham                              Jumlah Saham
         Nama                       Jabatan             Ditempatkan dan                           Ditempatkan dan
                                                                                Kepemilikan                                 Kepemilikan
         Name                       Position             Disetor Penuh                             Disetor Penuh
                                                                                  Saham                                       Saham
                                                        (Lembar Saham)                            (Lembar Saham)
                                                                              Share Ownership                             Share Ownership
                                                        Total Issued and                          Total Issued and
                                                                                    (%)                                         (%)
                                                          Fully Paid-up                             Fully Paid-up
                                                        Shares (Shares)                           Shares (Shares)
 Hamid Awaluddin         Komisaris Independen
                                                               -                       -                   -                        -
                         Independent Commissioner
 Jhoni Ginting           Komisaris Independen
                                                               -                       -                   -                        -
                         Independent Commissioner

 DIREKSI / BOARD OF DIRECTORS
 Rudy Suhendra           Direktur Utama
                                                               -                       -                   -                        -
                         President Director
 Christian Emanuel       Direktur
                                                               -                       -                   -                        -
 David Sompie            Director
 Hidayat Dwiputro        Direktur
                                                            771.900                0,003                771.900                   0,003
 Sulaksono               Director
 Scott Gerald Atkinson   Direktur
                                                               -                       -                   -                        -
                         Director



Komposisi Kepemilikan Tidak Langsung                                       Composition of Indirect Ownership of
atas Saham Perseroan oleh Dewan                                            the Company’s Shares by the Board of
Komisaris dan Direksi                                                      Commissioners and Board of Directors

Pada awal dan akhir tahun 2023, seluruh anggota Dewan Komisaris            At the beginning and end of 2023, all members of the Board of
dan Direksi Perseroan tidak memiliki saham tidak langsung atas             Commissioners and Board of Directors of the Company did not
saham Perseroan.                                                           have indirect ownership of the Company’s shares.



Komposisi Kepemilikan Saham                                                Shareholding Composition by
berdasarkan Klasifikasi Pemegang Saham                                     Shareholders Classification

                                                                            31 Desember 2023
                                                                            December 31, 2023
           Uraian                                                     Jumlah Saham Ditempatkan dan
         Description                                                                                              Kepemilikan Saham
                                    Jumlah Pemegang Saham             Disetor Penuh (Lembar Saham)
                                                                                                                   Share Ownership
                                      Total Shareholders               Total Issued and Fully Paid-up
                                                                                                                         (%)
                                                                               Shares (Shares)
 PEMODAL DOMESTIK / DOMESTIC INVESTOR
 Institusi
                                                  39                            23.655.228.775                           95,25
 Institution
 Perorangan
                                               10.529                             762.655.383                             3,07
 Individual
 Asuransi
                                                   12                              57.406.900                             0,23
 Insurance
 Reksadana
                                                    6                              52.132.200                              0,21
 Mutual Fund
 Dana Pensiun
                                                    1                                  308.200                            0,00
 Pension Fund

 PEMODAL ASING / FOREIGN INVESTOR

 Institusi
                                                   14                             299.566.442                              1,21
 Institution
 Perorangan
                                                   11                                7.702.100                            0,03
 Individual
 Total                                         10.612                          24.835.000.000                           100,00




                                                                                                                    PT Archi Indonesia Tbk
                                                                                                                          2023 Annual Report
                                                                                                                                               67
Page 70
     Struktur Pemegang Saham Utama dan Pengendali
     Structure of Majority and Controlling Shareholders




               Peter Sondakh*                                                                             Evi Wijayanti Moeljohartono Sondakh*


                            99,99%                                                                                   0,01%



                                                    PT Rajawali Kapital Investama**


                                                                    99,48%



                                 0,52%            PT Rajawali Kapital Internasional**
                                                                                                                             Masyarakat
                                                                    99,99%                                                     Public


                                 0,01%                        PT Rajawali Corpora**



                                         99,99%                                       84,99%



        PT Wijaya Anugerah Cemerlang**                                0,01%              PT Archi Indonesia Tbk***            15,00%



     Keterangan / Notes:
     * Warga Negara Indonesia dan berdomisili di Indonesia.
     ** Perusahaan terdaftar dan berdomisili di Indonesia.
     *** Perusahaan publik yang tercatat di Indonesia.
     * Indonesian citizen and domiciled in Indonesia
     ** Company is registered and domiciled in Indonesia
     *** Public company listed in Indonesia




     Berdasarkan struktur tersebut, Pemegang Saham Utama dan                          Based on this structure, the Company’s Major and Controlling
     Pengendali Perseroan adalah PT Rajawali Corpora. Sedangkan,                      Shareholder is PT Rajawali Corpora. Whereas, the ultimate
     penerima manfaat akhir Perseroan adalah Peter Sondakh dan Evi                    beneficial owners of the Company are Peter Sondakh and Evi
     Wijayanti Moeljohartono Sondakh.                                                 Wijayanti Moeljohartono Sondakh.




68        PT Archi Indonesia Tbk
          Laporan Tahunan 2023
Page 71
                                                                                                                     Profil Perusahaan
                                                                                                                      Company Profile




Struktur Korporasi
Corporate Structure




                                                              PT Rajawali Corpora                99,99%




                           Masyarakat                                                 PT Wijaya Anugerah Cemerlang
                             Public

                                 15,00%                             84,99%                       0,01%



 Archipelago Resources Pte Ltd            100,00%            PT Archi Indonesia Tbk


                  0,50%          0,50%


                 99,50%                             99,50%          99,96%                   99,99%                       51,00%




                                                                     PT Jasa
  PT Meares Soputan                PT Tambang                                            PT Karya Kreasi       PT Elang Mulia Abadi
                                                                  Pertambangan
       Mining                    Tondano Nusajaya                                             Mulia                 Sempurna
                                                                     Perkasa


                                                                    25,00%




           Tambang Emas Toka Tindung                           PT Geopersada Mulia
                                                                     Abadi
           Pemegang Konsensi Kontrak Karya
              Holders of Contract of Work




                                                                                                            PT Archi Indonesia Tbk
                                                                                                                     2023 Annual Report
                                                                                                                                          69
Page 72
     Entitas Anak dan Perusahaan Asosiasi
     Subsidiaries and Associate Companies



                                                                                                                          Total Aset
                                                                                                                           sebelum
                                                                                          Tahun Operasi   Kepemilikan
                                                                                                                        Eliminasi (juta
                                                                                            Komersial       Saham
        Uraian             Bidang Usaha                         Alamat                                                       AS$)
                                                                                             Year of         Share
      Description         Line of Business                      Address                                                  Total Assets
                                                                                           Commercial      Ownership
                                                                                                                            before
                                                                                            Operation         (%)
                                                                                                                         Eliminations
                                                                                                                         (million US$)
     ENTITAS ANAK / SUBSIDIARIES

     ARPTE               Investasi              Kantor Singapura / Singapore Office
                         Investment             140 Paya Lebar Road #09-24
                                                Paya Lebar Singapura
                                                Singapura 409015
                                                T : +65 62220 228/9
                                                                                              2011             100,00      2.230.410
                                                Kantor Indonesia / Indonesia Office
                                                Rajawali Place Lt. 27 / 27th Floor
                                                Jl. HR Rasuna Said Kav. B/4
                                                Jakarta 12910
                                                T : +62 21 576 1719
                                                F : +62 21 576 1720

     MSM                 Pertambangan emas,     Kantor Terdaftar / Registered Office
                         mineral, serta logam   Rajawali Place Lt. 27 / 27th Floor
                         lainnya                Jl. HR Rasuna Said Kav. B/4
                         Gold Mining,           Jakarta 12910
                         minerals, and other    T : +62 21 576 1719
                         metals                 F : +62 21 576 1720
                                                                                              2011              99,50     426.180.220
                                                Kantor Operasional / Operational Office
                                                Tambang Emas Toka Tindung
                                                Desa Winuri, Kecamatan Likupang Timur,
                                                Kabupaten Minahasa Utara
                                                Sulawesi Utara 95373
                                                T : +62 431 889 5850
                                                F : +62 431 889 5852

     TTN                 Pertambangan emas,     Kantor Terdaftar / Registered Office
                         mineral, serta logam   Rajawali Place Lt. 27 / 27th Floor
                         lainnya                Jl. HR Rasuna Said Kav. B/4
                         Gold Mining,           Jakarta 12910
                         minerals, and other    T : +62 21 576 1719
                         metals                 F : +62 21 576 1720
                                                                                              2011              99,50     391.608.324
                                                Kantor Operasional / Operational Office
                                                Tambang Emas Toka Tindung
                                                Desa Winuri, Kecamatan Likupang Timur,
                                                Kabupaten Minahasa Utara
                                                Sulawesi Utara 95373
                                                T : +62 431 889 5850
                                                F : +62 431 889 5852

     KKM                 Jasa konsultasi        Rajawali Place Lt. 27 / 27th Floor
                         manajemen              Jl. HR Rasuna Said Kav. B/4
                         Management             Jakarta 12910                                 2018              99,99      4.295.582
                         Consulting service     T : +62 21 576 1719
                                                F : +62 21 576 1720




70      PT Archi Indonesia Tbk
        Laporan Tahunan 2023
Page 73
                                                                                                                              Profil Perusahaan
                                                                                                                               Company Profile




                                                                                                                                 Total Aset
                                                                                                                                  sebelum
                                                                                        Tahun Operasi      Kepemilikan
                                                                                                                               Eliminasi (juta
                                                                                          Komersial          Saham
     Uraian          Bidang Usaha                          Alamat                                                                   AS$)
                                                                                           Year of            Share
   Description      Line of Business                       Address                                                              Total Assets
                                                                                         Commercial         Ownership
                                                                                                                                   before
                                                                                          Operation            (%)
                                                                                                                                Eliminations
                                                                                                                                (million US$)
 EMAS              Perdagangan besar       Rajawali Place Lt. 27 / 27th Floor
                   logam dan bijih logam   Jl. HR Rasuna Said Kav. B/4
                   Wholesale of metal      Jakarta 12910                                     2019                  51,00           3.896.934
                   and metal ore           T : +62 21 576 1719
                                           F : +62 21 576 1720

 JPP               Jasa pertambangan       Rajawali Place Lt. 27 / 27th Floor
                   dan penggalian          Jl. HR Rasuna Said Kav. B/4
                   lainnya                 Jakarta 12910                                     2020                  99,96           5.248.180
                   Mining and              T : +62 21 576 1719
                   excavation services     F : +62 21 576 0808

 PERUSAHAAN ASOSIASI / ASSOCIATE COMPANY

 GMA               Jasa pertambangan       Marina Plaza, Blok A No. 29
                   dan penggalian          Lingkungan VI, Kelurahan Wenang Utara,
                   lainnya                 Kecamatan Wenang, Kota Manado                                           25,00
                   Mining and              Manado 95111                                      2020           (melalui JPP)          77.567.811
                   excavation services     Sulawesi Utara, Indonesia                                       (through JPP)
                                           T : +62 431 880 4225
                                           E : info@geopersada.co.id




Kronologi Pencatatan Saham
Chronology of Share Listing



Informasi terkait kronologi pencatatan saham Perseroan yang                     Information related to the chronology of the Company’s
dimulai sejak pelaksanaan penawaran umum perdana saham                          share listing, which began with the initial public offering on
pada tanggal 28 Juni 2021 dengan kode saham ARCI yang tercatat                  June 28, 2021 and stock code ARCI on Indonesia Stock Exchange,
di Bursa Efek Indonesia diuraikan sebagai berikut:                              is outlined as follows:


                                                                                                                             Jumlah Saham
      Tanggal                                                 Jumlah Saham                Harga                                  Beredar
                                                                                                        Harga Nominal
    Pelaksanaan              Aksi Korporasi                  (Lembar Saham)            Penawaran                            (Lembar Saham)
                                                                                                        Nominal Price
      Date of               Corporate Action                   Total Shares           Offering Price                        Total Outstanding
                                                                                                            (Rp)
  Implementation                                                 (Shares)                  (Rp)                                   Shares
                                                                                                                                (Shares)
 28 Juni 2021         Pelaksanaan penawaran umum
 June 28, 2021        perdana saham dan pencatatan
                      saham di Bursa Efek Indonesia
                                                               3.725.500.000               750                10               24.835.000.000
                      Initial public offering of shares
                      and share listing on Indonesia
                      Stock Exchange




                                                                                                                        PT Archi Indonesia Tbk
                                                                                                                              2023 Annual Report
                                                                                                                                                   71
Page 74
     Kronologi Pencatatan Efek Lainnya
     Chronology of Other Securities Listing



     Sampai dengan tahun 2023, Perseroan belum menerbitkan efek           Until 2023, the Company had not issued any other securities,
     lainnya, baik obligasi, sukuk, dan/atau obligasi konversi.           either bonds, sukuk, and/or convertible bonds.




     Informasi Penggunaan Jasa Akuntan Publik dan
     Kantor Akuntan Publik
     Information on the Use of Public Accountant Services and
     Public Accounting Firms


      Kantor Akuntan Publik                    Purwantono, Sungkoro & Surja
      Public Accountant Office
      Jaringan/Asosiasi/Aliansi                Anggota Firma Ernst & Young Global Limited
      Network/Association/Alliance             Member of Ernst & Young Global Limited

      Nama Akuntan Publik                      Dede Rusli
      Public Accountant Name
      Alamat                                   Gedung Bursa Efek Indonesia / Indonesia Stock Exchange Building
      Address                                  Tower 2, Lt. 7 / Tower 2, 7th Floor
                                               Jl. Jend. Sudirman Kav. 52-53
                                               Jakarta 12930
                                               T     : +62 21 5289 5000
                                               F     : +62 21 5289 4100
                                               W     : www.ey.com/id

      Periode Penugasan                        2023
      Assignment Period
      Jasa yang Diberikan                      Melalukan audit dan menerbitkan laporan audit atas Laporan Keuangan Konsolidasian dari
      Services Provided                        PT Archi Indonesia Tbk dan Entitas Anak untuk tahun yang berakhir pada 31 Desember 2023 (tanpa
                                               jasa non-audit).
                                               Conducted audit and issued an audit report on the Consolidated Financial Statements of
                                               PT Archi Indonesia Tbk and its Subsidiaries for the year ended December 31, 2023 (without non-audit
                                               services).

      Biaya Jasa                               Rp655.000.000,-
      Service Fee                              Rp655,000,000




     Lembaga dan Profesi Penunjang Pasar Modal
     Capital Market Supporting Institutions and Professions


                         Uraian                                    Nama                                              Alamat
                       Description                                 Name                                              Address
      Biro Administrasi Efek                  PT Datindo Entrycom                                Jl. Hayam Wuruk No. 28
      Share Registrar Bureau                                                                     Jakarta 10120
                                                                                                 T     : +62 21 350 8077
                                                                                                 F     : +62 21 350 8078
                                                                                                 W : www.datindo.com




72       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 75
                                                                                                                           Profil Perusahaan
                                                                                                                            Company Profile




                     Uraian                                       Nama                                            Alamat
                   Description                                    Name                                            Address
Notaris                                      Mala Mukti SH, LLM                               AXA Tower Lt. 27 / 27th Floor, Suite 06
Notary                                                                                        Jl. Prof. Dr. Satrio Kav. 18, Kuningan
                                                                                              Jakarta 12940
                                                                                              T     : +62 21 3005 6229
                                                                                              F     : +62 21 3005 6373

Konsultan Hukum                              HHP Law Firm                                     Pacific Century Place, Level 35
Legal Consultant                                                                              Sudirman Central Business District Lot 10
                                                                                              Jl. Jend. Sudirman Kav. 52-53
                                                                                              Jakarta 12190
                                                                                              T : +62 21 2960 8888
                                                                                              F : +62 21 2960 8999

Kustodian Sentral Efek                       PT Kustodian Sentral Efek Indonesia              Gedung Bursa Efek Indonesia
Central Securities Depository                                                                 Tower 1 Lt. 5 / 5th Floor
                                                                                              Jl. Jend. Sudirman Kav. 52-53
                                                                                              Jakarta 12190
                                                                                              T : +62 21 515 2855
                                                                                              F : +62 21 5299 1199

Penilai Perusahaan                           KJPP Karmanto & Rekan                            Gedung Perkantoran Pakuwon Tower Lt. 12 E-F /
Company Appraiser                                                                             12th E-F Floor
                                                                                              Kota Kasablanka
                                                                                              Jakarta
                                                                                              T : +62 21 2283 5228




Informasi pada Situs Web Perusahaan
Information on the Company’s Website


Sebagai upaya dalam memenuhi ketentuan Peraturan Otoritas                As part of compliance with the Financial Services Authority
Jasa Keuangan No. 8/POJK.04/2015 tentang Situs Web Emiten                Regulation No. 8/POJK.04/2015 on Website of Issuer or Public
atau Perusahaan Publik serta mendorong transparansi informasi,           Company and to promote information transparency, the Company
Perseroan telah memiliki situs web resmi yang beralamat di               has an official website at www.archiindonesia.com. The website
www.archiindonesia.com. Situs web tersebut disajikan dalam               is presented in two languages, Indonesian and English, containing
2 bahasa, yaitu Bahasa Indonesia dan Bahasa Inggris, dengan              at least the following information:
memuat informasi paling sedikit mencakup:
1. Informasi umum perusahaan;                                            1.   General information of the Company;
2. Informasi bagi pemodal atau investor;                                 2.   Information for shareholders or investors;
3. Informasi tata kelola perusahaan; serta                               3.   Information on corporate governance; and
4. Informasi tanggung jawab sosial perusahaan.                           4.   Information on corporate social responsibility.


                                                     Ketersediaan di Situs Web
                  Cakupan Informasi                  Availability on the Website                       Information Coverage
                                                     www.archiindonesia.com
 Informasi Pemegang Saham sampai dengan                                                                      Information on Shareholders up to
 pemilik akhir individu.                                                                                            ultimate individual owners.

 Isi Kode Etik.                                                                                                  Contents of the Code of Ethics

 Risalah RUPS Tahunan dan Luar Biasa serta                                                            Minutes of Annual and Extraordinary GMS
 seluruh pengumuman, pemanggilan, dan                                                                     and all announcements, notices, and
 ringkasan risalah RUPS.                                                                                           summaries of GMS minutes.

 Laporan Keuangan Tahunan terpisah                                                                       Separate Annual Financial Statements
 (5 tahun terakhir).                                                                                                      (for the last 5 years).

                                                                                                        Profiles of the Board of Commissioners
 Profil Dewan Komisaris dan Direksi.
                                                                                                                         and Board of Directors.

 Piagam/Charter Dewan Komisaris, Direksi,                                                     Charters of the Board of Commissioners, Board of
 Komite-Komite, dan Unit Audit Internal.                                                       Directors, Committees, and Internal Audit Units.




                                                                                                                    PT Archi Indonesia Tbk
                                                                                                                           2023 Annual Report
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Page 76
             ANALISIS DAN
             PEMBAHASAN
             MANAJEMEN
             Management Discussion and Analysis




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PT Archi Indonesia Tbk
     2023 Annual Report
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Page 78
     Tinjauan Ekonomi
     Economic Overview




     Hingga akhir tahun 2023, ketidakpastian masih menyelimuti                            Until the end of 2023, uncertainty still covered the global
     kondisi perekonomian global. Hal ini dipicu oleh dinamika                            economic conditions. This matter was triggered by the dynamics
     negara-negara maju seperti Amerika Serikat dengan inflasi                            of developed countries such as the United States with inflation
     yang melampaui target, suku bunga tinggi, tekanan fiskal yang                        exceeding the target, high interest rates, increasing fiscal
     meningkat, dan ancaman pelemahan ekonomi karena excess                               pressure, and threat of economic weakening due to eroded
     saving yang tergerus. Di sisi lain, Republik Rakyat Tiongkok masih                   excess savings. On the other hand, the People’s Republic of China
     mengalami pelemahan ekonomi pasca Covid-19, dan sebagian                             is still experiencing the post-Covid-19 weakening economy, and
     besar wilayah Eropa terjerumus dalam kondisi ekonomi yang                            most of Europe region fell into a fragile economic condition with
     rapuh dengan defisit fiskal yang meningkat dan core inflation                        increasing fiscal deficits and high core inflation. Geopolitical
     yang tinggi. Risiko geopolitik di Ukraina dan Timur Tengah juga                      risks in Ukraine and the Middle East also have the potential to
     berpotensi mengganggu pertumbuhan ekonomi, menghasilkan                              disrupt economic growth, generate volatility in financial market,
     volatilitas di pasar keuangan, meningkatkan tekanan                                  increase protectionist pressures, and harm the global trade. The
     proteksionisme, dan merusak perdagangan global. International                        International Monetary Fund and World Bank stated that the global
     Monetary Fund dan Bank Dunia menyatakan bahwa pertumbuhan                            economic growth in 2023 only reached 2.9%, a decline from 3.3%
     ekonomi global pada tahun 2023 hanya mencapai 2,9% menurun                           in the previous year. In addition, the global inflation rate was also
     dari 3,3% pada tahun sebelumnya. Selain itu, tingkat inflasi global                  estimated to reach 5.8%.
     juga diperkirakan mencapai 5,8%.


     Meskipun demikian, Indonesia tetap menunjukkan kinerja                               Nevertheless, Indonesia continues to show high economic growth
     pertumbuhan ekonomi yang tinggi di antara negara-negara                              performance among ASEAN and G20 countries, reaching 5.05%.
     ASEAN dan G20 mencapai 5,05%. Tingkat inflasi nasional juga                          The national inflation rate was also maintained at 2.61%, lower than
     terjaga di level 2,61%, lebih rendah dari proyeksi tahun 2023                        the 2023 projection of 3.6%. This performance was supported by
     sebesar 3,6%. Kinerja ini didukung oleh permintaan domestik                          solid domestic demand, primarily from household consumption
     yang solid, terutama dari konsumsi rumah tangga yang tumbuh                          which grew by 5.06%. This was in line with the increasing
     sebesar 5,06%. Hal ini sejalan dengan peningkatan mobilitas                          mobility, stable public purchasing power, and high consumer
     dan daya beli masyarakat yang stabil, serta tingginya keyakinan                      confidence. The overall investment growth also increased to
     konsumen. Pertumbuhan investasi secara keseluruhan                                   5.77% along with the continuing development of infrastructure,
     juga meningkat menjadi 5,77% seiring dengan berlanjutnya                             including Nusantara Capital City (“IKN”) development project in
     pembangunan infrastruktur, termasuk proyek pembangunan Ibu                           East Kalimantan. Indonesia’s trade balance up to November 2023
     Kota Nusantara (“IKN”) di Kalimantan Timur. Neraca perdagangan                       recorded a surplus of US$33.63 billion.
     Indonesia hingga November 2023 mencatat surplus sebesar
     AS$33,63 miliar.


     Situasi ekonomi nasional yang tangguh, dibuktikan dengan daya                        The resilient national economic situation was proven by Indonesia’s
     saing ekonomi Indonesia yang juga meningkat ke peringkat 34 dari                     economic competitiveness which also increased to rank 34 from
     peringkat 44 pada tahun 2022. Namun, koreksi signifikan harga                        rank 44 in 2022. However, significant price corrections for several
     beberapa komoditas penting juga masih terjadi akibat situasi                         important commodities are still occurring due to the political
     politik dan konflik internasional, sementara sektor konstruksi                       situation and international conflict, while the construction sector
     menjadi kontributor pertumbuhan kedua terbesar setelah industri                      is the second largest contributor to growth after the processing
     pengolahan dengan pertumbuhan mencapai 7,68% (year on year).                         industry with growth reaching 7.68% (year on year).

     Sumber:                                                                              Sources:
     · Kementerian Keuangan RI: Menkeu-Kondisi Perekonomian Global Masih Diliputi         • Ministry of Finance of the Republic of Indonesia: Minister of Finance-Global
       Ketidakpastian Hingga Akhir Tahun 2023.                                               Economic Conditions Are Still Shrouded in Uncertainty Until the End of 2023.
     · Media Kemenkeu RI: Ekonomi Indonesia-Tumbuh Tangguh di 2023, Bagaimana di          • Media of Ministry of Finance of the Republic of Indonesia: Indonesia’s Economy-
       2024?.                                                                                Growing Resilient in 2023, How about in 2024?.
     · Bank Indonesia: Pertumbuhan Ekonomi Indonesia Tetap Kuat pada Triwulan III 2023.   • Bank Indonesia: Indonesia’s Economic Growth Remains Strong in Quarter III of 2023.
     · Kementerian Koordinator Bidang Perekonomian RI: Diikuti dengan Peningkatan         • Coordinating Ministry for Economic Affairs of the Republic of Indonesia: Followed by
       Peringkat Daya Saing Tertinggi di Dunia.                                              an Increase in the World’s Highest Competitiveness Ranking.




76        PT Archi Indonesia Tbk
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                                                                                                                    Analisis dan Pembahasan Manajemen
                                                                                                                    Management Discussion and Analysis




Tinjauan Industri
Industrial Overview




Industri pertambangan memiliki peran yang sangat penting dalam                   Mining industry has a very important role in the national economy,
perekonomian nasional, memberikan kontribusi yang signifikan                     making a significant contribution to state revenue, creating
terhadap pendapatan negara, penciptaan lapangan kerja, dan                       employment, and spurring economic growth in various regions.
memacu pertumbuhan ekonomi di berbagai daerah. Berdasarkan                       Based on the report of the Ministry of Finance of the Republic
laporan Kementerian Keuangan Republik Indonesia, sektor                          of Indonesia, mining sector is one main pillar of the Indonesian
pertambangan menjadi salah satu penopang utama ekonomi                           economy, recording a growth of 6.12% in 2023.
Indonesia yang mencatatkan pertumbuhan sebesar 6,12% selama
tahun 2023.


Namun, sektor ini tidak terlepas dari tantangan. Pada tahun yang                 However, this sector is not free from challenges. In the same year,
sama, industri pertambangan menghadapi berbagai hambatan                         the mining industry faced various obstacles, such as fluctuating
seperti fluktuasi harga komoditas, ancaman krisis energi,                        commodity prices, threat of an energy crisis, adverse weather
kondisi cuaca buruk, dan konflik geopolitik yang memengaruhi                     conditions, and geopolitical conflicts that affected the supply
rantai pasokan. Semua faktor ini ikut memengaruhi industri                       chain. All of these factors influenced the domestic gold and
pertambangan emas dan mineral di dalam negeri.                                   mineral mining industry.


Harga perdagangan emas sangat dipengaruhi oleh pergerakan                        Gold trading prices are strongly influenced by the movements in
suku bunga Amerika Serikat. Pada tahun 2023, harga emas di                       United States interest rates. In 2023, the price of gold on spot
pasar spot mengalami kenaikan sebesar 17,05% dan mencapai                        market increased by 17.05% and reached its highest level of
level tertinggi sebesar AS$2.135,4 per troy ons. Hal ini dipicu                  US$2,135.4 per troy ounce. This was triggered by the weakening
oleh pelemahan indeks dolar AS, yang membuat harga emas lebih                    of US dollar index, which made gold prices more affordable and
terjangkau dan meningkatkan permintaan. Namun, upaya The                         had increasing demand. However, the Fed’s efforts to increase
Fed untuk meningkatkan suku bunga berdampak pada penguatan                       interest rates resulted in strengthening US dollar and decreasing
dolar AS dan penurunan permintaan emas.                                          demand for gold.

Sumber:                                                                          Sources:
· CNBC Indonesia: Ini Dia Bocoran Perusahaan Tambang Terbaik RI 2023.            • CNBC Indonesia: Here are the Hints of the Best Mining Companies in Indonesia 2023.
· CNBC Indonesia: Alasan Emiten Emas Jeblok Padahal Harganya Terbang Selangit.   • CNBC Indonesia: Reasons Why Gold Issuers are Falling Although Prices are Flying
                                                                                    Exorbitantly.




Tinjauan Operasional
Operational Overview



Sebagai salah satu perusahaan tambang mineral terbesar di                        As one of the largest mineral mining companies in Indonesia
Indonesia dan Asia Tenggara, Perseroan terus memperkuat                          and Southeast Asia, the Company continues to strengthen its
eksistensi dan strategi bisnisnya untuk senantiasa memberikan                    existence and business strategy to constantly provide added
nilai tambah bagi para pemangku kepentingan. Selain itu,                         value for stakeholders. In addition, the Company also continuously
Perseroan juga senantiasa mengoptimalkan penggunaan sumber                       optimizes the use of its resources through the utilization of
daya yang dimiliki melalui pemanfaatan teknologi yang tepat guna                 appropriate and effective technology in achieving a sustainable
dan efektif dalam mencapai sistem operasional bisnis Perseroan                   Company business operational system.
yang berkelanjutan.




                                                                                                                                    PT Archi Indonesia Tbk
                                                                                                                                           2023 Annual Report
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Page 80
     Tinjauan Operasi per Segmen Usaha
     Operational Overview by Business Segment




     Berdasarkan kegiatan usaha, Perseroan mengelompokkan                Based on its business activities, the Company classifies its
     segmen operasi menjadi 3 bagian, yaitu penambangan emas,            operating segments into 3 parts, namely gold mining, gold trading
     perdagangan dan pengolahan emas, dan segmen lain-lain yang          and processing, and other segment explained as follows:
     dijelaskan sebagai berikut:



     Segmen Penambangan Emas                                             Gold Mining Segment

     Segmen penambangan emas Perseroan terdiri dari emas                 The Company’s gold mining segment consists of gold and silver,
     dan perak yang sampai saat ini masih menjadi kontributor            which currently remain the largest contributors to the Company’s
     terbesar bagi pendapatan Perseroan. Segmen usaha tersebut           revenue. This business segment is run by Subsidiaries, namely
     dijalankan oleh Entitas Anak, yaitu MSM dan TTN, keduanya           MSM and TTN, both of which are Contract of Work (KK) holders
     merupakan pemegang Kontrak Karya (KK) dengan wilayah                with a mining concession area of 39,817 Ha located in North
     konsesi pertambangan seluas 39.817 Ha yang berlokasi di Provinsi    Sulawesi Province. The gold mining locations include Toka pit,
     Sulawesi Utara. Lokasi pertambangan emas tersebut meliputi pit      Kopra pit, Araren pit, and Alaskar pit.
     Toka, pit Kopra, pit Araren, dan pit Alaskar.


     Strategi Usaha                                                      Business Strategy
     Selama tahun 2023, Perseroan telah berhasil merealisasikan          Throughout 2023, the Company managed to realize various
     berbagai langkah strategis operasional di segmen usaha              operational strategic steps in gold mining business segment,
     penambangan emas yaitu:                                             namely:
     1. Mengimplementasikan beberapa langkah strategis untuk             1. Implemented several strategic steps to develop the potentials
         mengembangkan potensi dari pit-pit yang telah ada di wilayah        of existing pits in the Eastern Corridor, accelerated discovery
         Koridor Timur, mempercepat penemuan potensi cadangan                of potential ore reserves and mineral resources in Western
         bijih dan sumber daya mineral di wilayah Koridor Barat, serta       Corridor area as well as extend the life-of-mine;
         memperpanjang umur tambang;
     2. Memulai rencana ekspansi untuk meningkatkan produksi di          2. Initiated the expansion plans to increase production in Eastern
         wilayah Koridor Timur, Koridor Tengah, dan Koridor Barat;          Corridor, Central Corridor, and Western Corridor areas;
     3. Memfokuskan pada operasi-operasi penambangan yang                3. Focused on sustainable mining operations and continued to
         berkelanjutan dan terus menjadi pemimpin di bidang                 be leader in the fields of environment, social, and governance
         Lingkungan, Sosial, dan Tata Kelola (LSTK);                        (“ESG”);
     4. Memperkuat neraca Perseroan dalam rangka untuk terus             4. Strengthened the Company’s balance sheet in the effort
         menghargai dan meningkatkan nilai tambah bagi para                 to continually respect and increase value added for
         Pemegang Saham;                                                    shareholders;
     5. Meningkatkan jumlah armada pertambangan di Entitas               5. Increased the mining fleet at Associated Entity, GMA, as a
         Asosiasi yaitu GMA selaku perusahaan kontraktor                    mining contractor company; and
         pertambangan; dan
     6. Membuka potensi serta pengembangan pit Araren.                   6. Opened up the potential and development of the Araren pit.




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                                                                                                               Analisis dan Pembahasan Manajemen
                                                                                                               Management Discussion and Analysis




Kinerja Usaha                                                             Business Performance
Pada tahun 2023, kapasitas pabrik pengolahan emas sebesar                 In 2023, the capacity of the gold processing plant was 4.00
4,00 juta ton per tahun dengan recovery rate 85,12% dan tingkat           million tons per year, with a recovery rate of 85.12% and a factory
utilisasi pabrik sebesar 99,00%. Berikut volume produksi dan              utilization rate of 99.00%. The following is the production and
penjualan emas dan perak selama 2 tahun terakhir:                         sales volume of gold and silver for the last 2 years:

                                                              disajikan dalam kilo ons, kecuali dinyatakan lain / expressed in kilo ounces, unless otherwise stated


                                                                                                       Peningkatan
                                                                                                       (Penurunan)
               Uraian                           2023                         2022                        Increase                       Description
                                                                                                        (Decrease)
                                                                                                            %
 VOLUME PRODUKSI / PRODUCTION VOLUME

 Emas                                           123,25                         111,10                         10,94                                         Gold

 Perak                                          219,67                        191,62                          14,64                                       Silver

 VOLUME PENJUALAN / SALES VOLUME

 Emas                                           120,55                         117,27                          2,80                                         Gold

 Perak                                          226,38                        257,81                         (12,19)                                      Silver




Pada tahun 2023, volume produksi emas meningkat sebesar                   In 2023, the gold production volume increased by 10.94% to 123.25
10,94% menjadi 123,25 kilo ons dari tahun sebelumnya sebesar              kilo ounces from that of the previous year of 111.10 kilo ounces.
111,10 kilo ons. Volume produksi perak juga mengalami peningkatan         Silver production volume also increased by 14.67% from that of
sebesar 14,64% dari tahun sebelumnya sebesar 191,62 kilo ons.             the previous year of 191.62 kilo ounces. The increase in both was
Peningkatan keduanya disebabkan oleh tingginya kadar rata-rata            due to the high average gold head grade from 1.07 g/t to 1.20 g/t
emas yang diolah dari 1,07 g/t menjadi 1,20 g/t pada tahun 2023.          in 2023.


Sejalan dengan meningkatnya volume produksi, volume penjualan             In line with the increase in production volume, the volume of gold
emas juga mengalami peningkatan sebesar 2,80%. Peningkatan                sales also saw a rise of 2.80%. This increase was attributed to the
ini disebabkan oleh kembali beroperasinya pit Araren setelah              resumption of operations at Araren pit following the remediation
dilakukan remediasi pasca longsor yang terjadi pada tahun 2022.           efforts after the landslide incident that occurred in 2022.




                                                                                                                                PT Archi Indonesia Tbk
                                                                                                                                        2023 Annual Report
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Page 82
     Adapun informasi harga rata-rata harga penjualan emas dan                     The information on the average sales price of gold and silver for
     perak selama 2 tahun terakhir yang diuraikan sebagai berikut:                 the last 2 years is described as follows:

                                                                                                                 disajikan dalam AS$/ons / presented in US$/oz

                                                                                                  Peningkatan
                                                                                                  (Penurunan)
                  Uraian                       2023                        2022                     Increase                      Description
                                                                                                   (Decrease)
                                                                                                       %
      Harga Rata-rata Penjualan Emas            1.952                      1.810                       7,85                   Average Gold Selling Price

      Harga Rata-rata Penjualan Perak             23                         21                        9,52                  Average Silver Selling Price



     Harga rata-rata penjualan emas pada tahun 2023 mencapai                       The average gold selling price in 2023 reached US$1.952, an
     AS$1.952 per ons, meningkat 7,85% dibandingkan tahun                          increase of 7.85% compared to the previous year of US$/oz 1,810.
     sebelumnya sebesar AS$1.810 per ons. Selain itu, harga rata-                  Furthermore, the average silver selling price in 2023 also reached
     rata penjualan perak pada tahun 2023 juga mencapai AS$23 per                  US$/oz 23, an increase of 9.52% compared to the previous year
     ons, meningkat 9,52% dibandingkan tahun sebelumnya sebesar                    of US$/oz 21.
     AS$21 per ons.



     Segmen Perdagangan dan Pengolahan                                             Gold Trading and Processing Segment
     Emas

     Perseroan mengoperasikan segmen perdagangan dan                               The Company operates the gold trading and processing segment
     pengolahan emas melalui Entitas Anak, yaitu EMAS. EMAS                        through its Subsidiary, namely EMAS. EMAS produces and sells
     memproduksi dan menjual dalam bentuk emas batangan dengan                     gold minted bar with “Lotus Archi” as the trademark and themes
     merek dagang “Lotus Archi” bertema Emas Merah Putih dan Gift                  of Emas Merah Putih and Gift Series of various sizes, with fine
     Series yang memiliki beragam ukuran dengan kadar emas murni                   gold 99.99% which has been certified by the Indonesian National
     99,99% yang telah bersertifikat Standar Nasional Indonesia                    Standard (SNI). In addition, the gold minted bar is also equipped
     (SNI). Selain itu, emas batangan tersebut juga dilengkapi dengan              with CertiTrack technology (to check gold authenticity) and
     teknologi CertiTrack (untuk mengecek keaslian emas) dan                       CertiEye (gold minted bar product security system).
     CertiEye (sistem keamanan produk emas batangan).


     Strategi Usaha                                                                Business Strategy
     Pada tahun 2023, EMAS telah membangun jaringan pemasaran                      In 2023, EMAS established a nationwide marketing network by
     secara nasional dengan memberikan jaminan pembelian kembali                   offering a competitive buy-back guarantee. This commitment
     dengan harga yang kompetitif. Komitmen ini diberikan untuk                    was made to ensure consumers have peace of mind when
     memastikan konsumen mendapatkan kenyamanan dalam                              investing in EMAS products.
     berinvestasi produk EMAS.


     Lebih lanjut, EMAS telah meluncurkan series set dalam rangka                  Furthermore, EMAS launched a special series called “Suwarna
     merayakan hari kemerdekaan Republik Indonesia ke-78 tahun                     Nusantara” to celebrate the 78th Independence Day of the
     2023, yaitu “Suwarna Nusantara”, berupa seri logam emas dengan                Republic of Indonesia in 2023. This series features gold bars
     tema destinasi pilihan wisata di Indonesia. Selain itu, EMAS juga             with themes inspired by Indonesia’s popular tourist destinations.
     telah meluncurkan berbagai produk logam emas batangan edisi                   Additionally, EMAS collaborated with Warner Bros. Consumer
     khusus (special edition) hasil kerja sama dengan Warner Bros,                 Product Inc. to release various special edition gold bar products,
     Consumer Product Inc. Dengan tema seperti WB Golden Memories                  such as the WB Golden Memories 100 Years series. Moreover,
     100 Tahun. Selain itu, terdapat pula jenis produk berupa seri batik           EMAS introduced a line of batik-themed products with three
     dengan 3 pilihan corak, yaitu Batik 7 Rupa, Batik Kawung, dan                 pattern options: Batik with 7 Patters, Batik of Kawung, and Batik
     Batik Mega Mendung. Adapun produk logam emas terbaru yang                     of Mega Mendung. The latest addition to their product lineup
     diluncurkan adalah emas tipis bertema gift series, seperti Happy              is a thin gold series with themes like Happy Birthday, Happy
     Birthday, Happy Wedding, dan Happy Baby Born.                                 Wedding, and Happy Baby Born.


     Dalam proses operasional produksi, EMAS juga telah mengolah                   In terms of production operations, EMAS processed and minted
     dan mencetak medali emas terbaik untuk dijual kepada konsumen                 top-quality gold medals for sale in international markets. This was
     di pasar internasional. Hal ini ditopang oleh kepemilikan pabrik              supported by the ownership of gold and silver refining factories,




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                                                                                                           Analisis dan Pembahasan Manajemen
                                                                                                           Management Discussion and Analysis




pemurnian emas dan perak yang mendukung rantai pasok emas               which bolstered the domestic gold and silver supply chain,
dan perak domestik, khususnya dalam hal memberikan nilai                especially in terms of providing added value for Shareholders.
tambah bagi para Pemegang Saham.



Segmen Lain-Lain                                                        Other Segment

Segmen lain-lain atas operasional Perseroan terdiri dari jasa           The other segment of the Company’s operations consists of
penunjang penambangan, seperti jasa konsultasi manajemen,               mining support services, such as management consulting
investasi, jasa kontraktor penambangan, dan lain sebagainya.            services, investment, mining contractor services, and others.
Aktivitas segmen tersebut dijalankan oleh Entitas Anak, yaitu           These segment activities are carried out by Subsidiaries, namely
KKM, JPP, dan ARPTE.                                                    KKM, JPP, and ARPTE.


KKM merupakan perusahaan yang berdomisili di Jakarta dengan             KKM is a company domiciled in Jakarta with a focus on providing
fokus pada penyediaan jasa penunjang penambangan dan                    mining support services and management consulting. ARPTE
konsultasi manajemen. ARPTE merupakan perusahaan yang                   is a Singapore-based investment company, while JPP offers
berfokus pada bidang investasi dan berkedudukan di Singapura,           gold mining contractor services. JPP owns a 25% stake in the
sedangkan JPP merupakan perusahaan yang menawarkan jasa                 Associated Entity, GMA, which is one of the mining contractors
kontraktor penambangan emas. JPP memiliki 25% kepemilikan di            used by the Company for mining activities at Toka Tindung Gold
Entitas Asosiasi GMA, yaitu salah satu kontraktor pertambangan          Mine.
yang digunakan oleh Perseroan untuk melakukan aktivitas
pertambangan di Tambang Emas Toka Tindung.


Strategi Usaha                                                          Business Strategy
Selama tahun 2023, Perseroan telah berhasil merealisasikan              Throughout 2023, the Company successfully implemented
berbagai langkah strategis operasional di segmen lain-lain,             various strategic operational measures in other segments, such
seperti menambah jumlah armada penambangan baru                         as adding new mining fleets to support substantial parts of the
guna mendukung bagian-bagian substansial dari pekerjaan                 mining work at Toka Tindung Gold Mine.
penambangan di Tambang Emas Toka Tindung.



Kinerja Operasional berdasarkan Segmen                                  Operational Performance by Operating
Operasi dan Geografis                                                   and Geographic Segments

Informasi kinerja operasional berdasarkan segmen operasi dan            Information on operational performance based on operating and
geografis dalam 2 tahun terakhir ditunjukkan sebagai berikut:           geographic segments in the last 2 years is shown as follows:



Segmen Operasi
Operating Segment
                                                                     disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                                                            Perdagangan dan
           Uraian               Penambangan Emas            Pengolahan Emas                           Lain-Lain
                                                                                                                                           Total
         Description                Gold Mining             Gold Trading and                           Others
                                                               Processing
                                                                 2023

 Pendapatan dari Pelanggan
 Eksternal
                                     235.280.986                   72.423.493                            4.452.371                       312.156.850
 Revenue from External
 Customers
 Penjualan Antar Segmen
                                     (58.038.230)                       (35.481)                        (4.452.371)                      (65.526.082
 Inter Segment Revenue
 Total                               177.242.756                   72.388.012                                      -                    249.630.768




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                                                                 Perdagangan dan
                Uraian              Penambangan Emas             Pengolahan Emas                         Lain-Lain
                                                                                                                                              Total
              Description               Gold Mining              Gold Trading and                         Others
                                                                    Processing
                                                                     2022

      Pendapatan dari Pelanggan
      Eksternal
                                          212.286.824                  15.434.483                            4.072.157                      231.793.464
      Revenue from External
      Customers

      Penjualan Antar Segmen
                                            (11.157.691)                    (87.344)                       (4.072.157)                       (15.317.192)
      Inter Segment Revenue
      Total                                201.129.133                  15.347.139                                    -                     216.476.272

                                                 KENAIKAN (PENURUNAN) / INCREASE (DECREASE)
                                                                   (%)

      Pendapatan dari Pelanggan
      Eksternal
                                                  10,83                      369,23                               9,34                             34,67
      Revenue from External
      Customers

      Penjualan Antar Segmen
                                                420,16                       (59,38)                              9,34                            308,21
      Inter Segment Revenue
      Total                                     (11,88)                      371,67                                   -                            15,32




     Pada tahun 2023, segmen penambangan emas berhasil                      In 2023, the gold mining segment managed to record net revenues,
     membukukan pendapatan bersih, setelah dikurangkan dengan               net of inter segment revenue of US$177.24 million, a decrease of
     penjualan antar segmen sebesar AS$177,24 juta, menurun 11,88%          11.88% compared to the previous year of US$201.13 million. This
     dibandingkan dengan tahun sebelumnya sebesar AS$201,13 juta.           segment contributes 71.00% of the Company’s total revenue.
     Segmen ini memberikan kontribusi sebesar 71,00% dari total
     pendapatan Perseroan.


     Sedangkan, segmen pengolahan dan perdagangan emas berhasil             Meanwhile, the gold trading and processing segment managed
     membukukan pendapatan sebesar AS$72,39 juta, meningkat                 to record revenues of US$72.39 million, an increase of 371.67%
     371,67% dibandingkan dengan tahun sebelumnya sebesar                   compared to the previous year of US$15.35 million. This segment
     AS$15,35 juta. Segmen ini memberikan kontribusi sebesar                contributes 29.00% of the Company’s total revenue.
     29,00% dari total pendapatan Perseroan.

     Segmen Geografis
     Geographical Segment
                                                                        disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                                                                                                 Peningkatan
                                                                                                 (Penurunan)
                  Uraian                 2023                        2022                          Increase                           Description
                                                                                                  (Decrease)
                                                                                                      %
      Indonesia                        130.632.999                150.338.309                           (13,11)                                    Indonesia

      India                            64.088.834                    9.616.563                         566,44                                           India

      Singapura                         54.908.935                 56.521.400                           (2,85)                                    Singapore

      Total                           249.630.768                 216.476.272                           15,32                                           Total


     Pada tahun 2023, segmen geografis mencatatkan pendapatan               In 2023, the geographical segment recorded a revenue of
     sebesar AS$249,63 meningkat 15,32% dibandingkan tahun                  US$249.63, an increase of 15.32% compared to the previous year
     sebelumnya sebesar AS$216,48 juta. Peningkatan pendapatan              of US$216.48 million. The increase in revenue was primarily driven
     tersebut utamanya didorong oleh peningkatan penjualan di               by a surge in sales in India, reaching 566.44%.
     negara India mencapai 566,44%.




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                                                                                               Analisis dan Pembahasan Manajemen
                                                                                               Management Discussion and Analysis




Berdasarkan jumlah pendapatan yang diperoleh Perseroan di           Based on the total revenue obtained by the Company in 2023,
tahun 2023, segmen geografis Indonesia memberikan kontribusi        Indonesian geographical segment provided the highest
paling tinggi, yaitu sebesar 52,33%, disusul oleh India sebesar     contribution, at 52.33%, followed by India at 25.67%, and
25,67%, dan diikuti Singapura sebesar 22,00%.                       Singapore at 22.00%.



Rasio Profitabilitas                                                Profitability Ratios

Untuk mengetahui seberapa besar tingkat keuntungan yang             To identify how much profit that can be obtained, the Company
dapat diperoleh, Perseroan melakukan perhitungan melalui            performs calculation by using profitability ratios. The Company’s
rasio profitabilitas. Adapun rasio profitabilitas Perseroan dalam   profitability ratios in the last 2 years are described as follows:
2 tahun terakhir diuraikan sebagai berikut:

                                                                                                           disajikan dalam % / presented in %

                      Uraian                           2023             2022                           Description

 Rasio Laba Tahun Berjalan terhadap Total Aset           1,84            2,03                                    Return on Assets Ratio

 Rasio Laba Tahun Berjalan terhadap Total Ekuitas        5,62            5,87                                    Return on Equity Ratio

 Rasio Laba Tahun Berjalan terhadap Pendapatan           5,91            6,72                                  Return on Revenue Ratio

 Margin Laba Bruto                                      27,95           27,50                                        Gross Profit Margin

 Margin Laba Bersih                                      5,91            6,72                                           Net Profit Margin



Secara umum, rasio profitabilitas Perseroan mengalami               Overall, the Company’s profitability ratio experienced a decline
penurunan dibandingkan tahun sebelumnya. Tidak ada perbedaan        compared to the previous year. No significant difference in gross
yang signifikan pada laba bruto dan laba tahun berjalan.            profit and the current year’s profit.




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     Tinjauan Keuangan
     Financial Overview




     Laporan Posisi Keuangan Konsolidasian                                    Consolidated Statement of Financial
                                                                              Position
     Aset
     Assets
                                                                             disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                                                                                       Peningkatan
                                                                                       (Penurunan)
                           Uraian                      2023            2022              Increase                               Description
                                                                                        (Decrease)
                                                                                            %
      ASET LANCAR / CURRENT ASSETS

      Kas dan Setara Kas                               9.320.177     10.339.434                 (9,86)                              Cash and Cash Equivalents

      Kas yang Dibatasi Penggunaannya                     31.054       2.160.269               (98,56)                                          Restricted Cash

      Piutang Usaha – Pihak Ketiga                        53.538       3.814.651               (98,60)                      Trade Receivables – Third Parties

      Piutang Lain-Lain – Pihak Ketiga                19.092.256     16.578.824                  15,16                      Other Receivables – Third Parties

      Persediaan                                      60.785.367     50.930.188                  19,35                                                Inventories

      Uang Muka Pemasok                                2.988.778       1.860.798                60,62                                    Advances to Suppliers

      Biaya Dibayar di Muka                            2.291.106       1.490.352                53,73                                         Prepaid Expenses

      Total Aset Lancar                              94.562.276      87.174.516                   8,47                                    Total Current Assets

      ASET TIDAK LANCAR / NON-CURRENT ASSETS

      Kas yang Dibatasi Penggunaannya                  11.165.638      10.915.417                 2,21                                          Restricted Cash

      Tagihan dan Keberatan atas Hasil Pemeriksaan                                                              Claims for Tax Refund and Tax Assessments
                                                      15.245.712       5.766.626               164,38
      Pajak                                                                                                                                  under Appeals

      Persediaan                                      66.284.625     96.317.883                 (31,18)                                               Inventories

      Investasi pada Entitas Asosiasi                  5.203.473       3.121.508                66,70                                  Investment in Associate

      Aset Pajak Tangguhan                               190.777         163.634                 16,59                                      Deferred Tax Assets

      Aset Eksplorasi dan Evaluasi                    65.663.437     58.819.920                  11,63                     Exploration and Evaluation Assets

      Properti Pertambangan                          384.599.949    311.230.122                 23,57                                            Mine Properties

      Aset Tetap                                     159.256.546    142.699.098                  11,60                                              Fixed Assets

      Aset Tidak Lancar Lainnya                         1.416.748      1.607.698                (11,88)                              Other Non-Current Assets

      Total Aset Tidak Lancar                        709.017.905    630.641.906                 12,43                                Total Non-Current Assets

      Total Aset                                     803.580.181    717.816.422                  11,95                                              Total Assets




     Total Aset                                                               Total Assets
     Total aset pada tahun 2023 tercatat sebesar AS$803,58                    The total assets in 2023 were recorded at US$803.58 million, an
     juta, meningkat 11,95% dari AS$717,82 juta pada tahun 2022.              increase of 11.95% from US$717.82 million in 2022. The increase
     Peningkatan total aset ini berasal dari meningkatnya total aset          in total assets stems from the growth in both current and non-
     lancar dan tidak lancar.                                                 current assets.

     Total Aset Lancar                                                        Total Current Assets
     Pada tahun 2023, total aset lancar tercatat sebesar                      In 2023, the total current assets were recorded at
     AS$94,56 juta, meningkat 8,47% dibandingkan tahun 2022                   US$94.56 million, an increase of 8.47% compared to in 2022
     sebesar AS$87,17 juta. Hal ini berasal dari meningkat uang muka          of US$87.17 million. This arises from an increase in advances
     pemasok, biaya dibayar dimuka, persediaan, piutang lain-lain -           to suppliers, prepaid expenses, inventory, other receivables




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                                                                                                             Analisis dan Pembahasan Manajemen
                                                                                                             Management Discussion and Analysis




pihak ketiga diimbangi dengan penurunan piutang usaha - pihak            - third parties, offset by a decrease in trade receivables - third
ketiga, kas yang dibatasi penggunaannya, serta penurunan kas             parties, restricted cash, as well as a decrease in cash and cash
dan setara kas.                                                          equivalents.

Total Aset Tidak Lancar                                                  Total Non-Current Assets
Total aset tidak lancar per 31 Desember 2023 mengalami                   As of December 31, 2023, the total non-current assets
peningkatan sebesar 12,43% menjadi AS$709,02 juta dari                   experienced a 12.43% increase to US$709.02 million from
AS$630,64 juta per 31 Desember 2022. Peningkatan total aset              US$630.64 million as of December 31, 2022. This increase in
tidak lancar ini berasal dari tagihan dan keberatan atas hasil           total non-current assets stems from tax assessments and
pemeriksaan pajak, investasi pada entitas asosiasi, properti             objections, investments in associate entities, mining properties,
pertambangan, aset pajak tangguhan, aset eksplorasi dan                  deferred tax assets, exploration and evaluation assets, fixed
evaluasi, aset tetap, kas yang dibatasi penggunaannya serta              assets, restricted cash, offset by a decrease in inventory and
diimbangi dengan penurunan persediaan dan aset tidak lancar              other non-current assets.
lainnya.


Liabilitas
Liabilities
                                                                       disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                                                                                 Peningkatan
                                                                                 (Penurunan)
                     Uraian                        2023           2022             Increase                              Description
                                                                                  (Decrease)
                                                                                      %
 LIABILITAS JANGKA PENDEK / CURRENT LIABILITIES

 Utang Bank Jangka Pendek                          47.171.790    60.699.682           (22,29)                                    Short-Term Bank Loans

 Utang Usaha                                                                                                                               Trade Payables

    Pihak Ketiga                                  29.914.214     44.954.824           (33,46)                                             Third Parties

    Pihak Berelasi                                18.903.058      15.412.563            22,65                                             Related Party

 Utang Lain-Lain – Pihak Ketiga                    1.474.407       7.108.170          (79,26)                             Other Payables - Third Parties

 Biaya Masih Harus Dibayar                                                                                                             Accrued Expenses

    Pihak Ketiga                                   15.201.751    24.734.745           (38,54)                                             Third Parties

    Pihak Berelasi                                 5.451.508      7.350.485           (25,83)                                             Related Party

 Liabilitas Imbalan Kerja Jangka Pendek              256.046        427.241           (40,07)                  Short-Term Employee Benefits Liability

 Utang Pajak                                        1.711.260      5.715.144          (70,06)                                               Taxes Payable

 Bagian Lancar atas Liabilitas Jangka Panjang:                                                            Current Maturities of Long-Term Liabilities:

    Utang Bank                                    2.000.000      34.940.627           (94,28)                                               Bank Loans

    Utang Pembiayaan Konsumen                         76.786        159.202            (51,77)                              Consumer Finance Loans

 Total Liabilitas Jangka Pendek                  122.160.820    201.502.683          (39,38)                                     Total Current Liabilities

 LIABILITAS JANGKA PANJANG / NON-CURRENT LIABILITIES

 Liabilitas Jangka Panjang, Setelah Dikurangi                                                                   Non-Current Liabilities, Net of Current
 Bagian Lancar:                                                                                                                             Maturities:

    Utang Bank                                   355.964.113    216.525.840            64,40                                                Bank Loans

    Utang Pembiayaan Konsumen                               -        77.793          (100,00)                               Consumer Finance Loans

 Liabilitas Pajak Tangguhan                       43.990.022     34.898.466             26,05                                     Deferred Tax Liabilities

 Provisi untuk Reklamasi dan                                                                                            Provisions for Reclamation and
                                                   13.016.790    12.258.073              6,19
 Penutupan Tambang                                                                                                                        Mine Closure

 Liabilitas Imbalan Kerja                           5.818.451     4.798.128             21,27                                Employee Benefits Liability

 Total Liabilitas Jangka Panjang                 418.789.376    268.558.300            55,94                               Total Non-Current Liabilities

 Total Liabilitas                                540.950.196    470.060.983             15,08                                             Total Liabilities




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     Total Liabilitas                                                              Total Liabilities
     Total liabilitas Perseroan tercatat sebesar AS$540,95 juta pada               The total liabilities of the Company were recorded at
     tahun 2023, meningkat 15,08% dari AS$470,06 juta di akhir tahun               US$540.95 million in 2023, an increase of 15.08% from
     2022. Peningkatan tersebut terutama disebabkan oleh kenaikan                  US$470.06 million at the end of 2022. Such an increase was
     liabilitas jangka panjang.                                                    mainly due to non-current liabilities.

     Total Liabilitas Jangka Pendek                                                Total Current Liabilities
     Pada tahun 2023, total liabilitas jangka pendek tercatat sebesar              In 2023, total current liabilities were recorded at
     AS$122,16 juta, menurun 39,38% dibandingkan tahun 2022                        US$122.16 million, a decrease of 39.38% compared to that of
     sebesar AS$201,50 juta. Penurunan tersebut karena penurunan                   2022 of US$201.50 million. Such decrease was mainly due to the
     bagian lancar atas liabilitas jangka panjang atas utang bank,                 decrease in non-current liabilities includes bank loans, other
     utang lain-lain - pihak ketiga, utang pajak, bagian lancar atas               payables - third parties, tax liabilities, current maturities of long-
     liabilitas jangka panjang atas utang pembiayaan konsumen, biaya               term liabilities on consumer finance loans, accrued expenses,
     yang masih harus dibayar, utang usaha – pihka ketiga, liabilitas              trade payables - third parties, short-term employee benefits
     imbalan kerja jangka pendek, dan utang bank jangka pendek.                    liabilities, and short-term bank loans.

     Total Liabilitas Jangka Panjang                                               Total Non-Current Liabilities
     Total liabilitas jangka panjang pada tahun 2023 tercatat sebesar              The total long-term liabilities in 2023 were recorded at
     AS$418,79 juta, meningkat 55,94% dibandingkan tahun 2022                      US$418.79 million, an increase of 55.94% compared to that of
     sebesar AS$268,56 juta. Peningkatan tersebut tersebut terdiri                 2022 of US$268.56 million. Such an increase consisted of the
     dari liabilitas jangka panjang, setelah dikurangi bagian lancar atas          long-term liabilities, after deducting the current maturities of
     utang bank, liabilitas pajak tangguhan, provisi untuk reklamasi               bank loans, deferred tax liabilities, provision for reclamation and
     dan penutupan tambang, serta liabilitas imbalan kerja.                        mine closure, and employee benefits liabilities.


     Ekuitas
     Equity
                                                                                disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                                                                                          Peningkatan
                                                                                          (Penurunan)
                         Uraian                          2023               2022            Increase                              Description
                                                                                           (Decrease)
                                                                                               %
      EKUITAS YANG DAPAT DIATRIBUSIKAN KEPADA PEMILIK ENTITAS INDUK / EQUITY ATTRIBUTABLE TO THE OWNERS OF THE PARENT

      Modal Saham                                      20.350.482      20.350.482                     -                                               Share Capital

      Tambahan Modal Disetor                            95.790.451      95.790.451                    -                                 Additional Paid-In Capital

      Selisih atas Akuisisi Kepentingan                                                                                   Difference Arising from Acquisition of
                                                        (5.105.641)     (5.105.641)                   -
      Non-Pengendali                                                                                                                  Non-Controlling Interests

      Selisih Kurs atas Penjabaran Laporan                                                                              Exchange Differences on Translation of
                                                         (398.163)          (575.414)          (30,80)
      Keuangan Entitas Anak                                                                                                 Subsidiaries’ Financial Statements

      Saldo Laba                                                                                                                                Retained Earnings

        Ditentukan Penggunaannya                          300.000           200.000             50,00                                                 Appropriated

        Belum Ditentukan Penggunaannya                  151.597.771     137.178.047              10,51                                             Unappropriated

      Total Ekuitas yang Dapat Diatribusikan kepada                                                                                  Total Equity Attributable to
                                                      262.534.900      247.837.925                5,93
      Pemilik Entitas Induk                                                                                                            the Owners of the Parent

      Kepentingan Non-Pengendali                           95.085           (82.486)          (215,27)                                 Non-Controlling Interests

      Total Ekuitas                                   262.629.985     247.755.439                 6,00                                                  Total Equity




     Total Ekuitas                                                                 Total Equity
     Total ekuitas pada tahun 2023 tercatat sebesar AS$262,63 juta,                The total equity in 2023 was recorded at US$262.63 million, an
     meningkat 6,00% dibandingkan tahun 2022 sebesar AS$247,76                     increase of 6.00% compared to that of 2022 of US$247.76 million.
     juta. Kenaikan total ekuitas tersebut disebabkan oleh kenaikan                The increase in total equity is due to the increase in retained
     saldo laba yang belum ditentukan penggunaannya.                               earnings.




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                                                                                                                Analisis dan Pembahasan Manajemen
                                                                                                                Management Discussion and Analysis




Laporan Laba Rugi dan Penghasilan                                           Consolidated Statement of Profit or Loss
Komprehensif Lain Konsolidasian                                             and Other Comprehensive Income
                                                                          disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                                                                                    Peningkatan
                                                                                    (Penurunan)
                      Uraian                       2023              2022             Increase                               Description
                                                                                     (Decrease)
                                                                                         %
 Pendapatan dari Kontrak dengan Pelanggan       249.630.768      216.476.272                 15,32               Revenue from Contracts with Customers

 Beban Pokok Penjualan                          (179.861.073)   (156.945.808)               14,60                                         Cost of Goods Sold

 Laba Bruto                                      69.769.695      59.530.464                  17,20                                                Gross Profit

 Beban Penjualan                                  (1.095.124)         (901.937)             21,42                                           Selling Expenses

 Beban Umum dan Administrasi                     (9.519.064)      (8.694.788)                9,48                    General and Administrative Expenses

 Pendapatan Operasi Lain                           5.145.015         11.589.493            (55,61)                                  Other Operating Income

 Beban Operasi Lain                              (8.669.496)     (13.994.037)              (38,05)                               Other Operating Expenses

 Laba Usaha                                      55.631.026       47.529.195                 17,05                                 Income from Operations

 Penghasilan Keuangan                                186.709           220.821             (15,45)                                           Finance Income

 Beban Keuangan                                 (31.276.430)     (20.516.504)               52,45                                              Finance Costs

 Bagian atas Laba Entitas Asosiasi                3.667.598           1.339.753            173,75                            Share in Profit of an Associate

 Laba Sebelum Beban Pajak Penghasilan           28.208.903       28.573.265                 (1,28)                     Profit Before Income Tax Expense

 Beban Pajak Penghasilan                        (13.449.779)     (14.036.452)               (4,18)                                      Income Tax Expense

 Laba Tahun Berjalan yang Dapat Diatribusikan
                                                 14.759.124       14.536.813                  1,53                     Profit for the Year Attributable to:
 kepada:

   Pemilik Entitas Induk                         14.569.739       14.550.684                  0,13                                  Owners of the Parent

   Kepentingan Non-Pengendali                        189.385            (13.871)         1.465,33                              Non-Controlling interests

 Penghasilan Komprehensif Lain Tahun Berjalan                                                                                Other Comprehensive Income
                                                     115.422           631.304             (81,72)
 Setelah Pajak                                                                                                                      for the Year, Net of Tax

 Total Penghasilan Komprehensif Tahun                                                                          Total Comprehensive Income for the Year
                                                 14.874.546          15.168.117             (1,94)
 Berjalan yang Dapat Diatribusikan kepada:                                                                                             Attributable to:

   Pemilik Entitas Induk                         14.696.975          15.168.641              (3,11)                                 Owners of the Parent

   Kepentingan Non-Pengendali                        177.571              (524)        33.987,60                               Non-Controlling interests

 Laba per Saham Dasar yang Dapat                                                                                 Basic Earnings per Share Attributable to
                                                     0,0006             0,0006                   -
 Diatribusikan kepada Pemilik Entitas Induk                                                                                         Owners of the Parent



Pendapatan dari Kontrak dengan Pelanggan                                    Revenue from Contracts with Customers
Pada tahun 2023, Perseroan mencatat pendapatan dari kontrak                 In 2023, the Company recorded revenue from contracts with
dengan pelanggan sebesar AS$249,63 juta, meningkat 15,32%                   customers of US$249.63 million, an increase of 15.32% compared
dibandingkan tahun 2022 sebesar AS$216,48 juta. Hal tersebut                to 2022 of US$216.48 million. This was driven by a 2.80% increase
disebabkan oleh peningkatan volume penjualan emas sebesar                   in gold sales volume, from 117.27 koz in 2022 to 120.55 koz in
2,80%, yaitu 120,55 koz pada tahun 2023 dari 117,27 koz pada tahun          2023, and a 7.85% increase in the average gold selling price, from
2022, serta kenaikan harga rata-rata penjualan emas sebesar                 US$1,810 per ounce in 2022 to US$1,952 per ounce in 2023.
7,85%, yaitu AS$1.952 per ons pada tahun 2023 dari AS$1.810 per
ons pada tahun 2022.

Beban Pokok Penjualan                                                       Cost of Goods Sold
Pada tahun 2023, beban pokok penjualan tercatat sebesar                     In 2023, cost of goods sold was recorded at US$179.86 million,
AS$179,86 juta, meningkat 14,60% dibandingkan tahun                         an increase of 14.60% compared to the previous year of
sebelumnya yang sebesar AS$156,95 juta. Peningkatan tersebut                US$156.95 million. The increase was due to the higher quantity of
dikarenakan meningkatnya jumlah material yang ditambang.                    materials mined.




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     Laba Bruto                                                          Gross Profit
     Di tahun 2023, laba bruto meningkat 17,20% menjadi AS$69,77 juta    In 2023, the gross profit increased by 17.20% to US$69.77 million
     dari AS$59,53 juta di tahun 2022. Peningkatan laba bruto tersebut   from US$59.53 million in 2022. The increase in gross profit was
     disebabkan oleh peningkatan pendapatan dari kontrak dengan          driven by the rise in revenue from contracts with customers.
     pelanggan. Dengan demikian, margin laba bruto Perseroan             Consequently, the Company’s gross profit margin increased from
     meningkat dari 27,50% menjadi 27,95%.                               27.50% to 27.95%.

     Laba Usaha                                                          Income from Operations
     Laba usaha pada tahun 2023 tercatat sebesar AS$55,63 juta,          Income from operations in 2023 was recorded at
     meningkat 17,05% dibandingkan tahun 2022 sebesar AS$47,53           US$55.63 million, an increase of 17.05% compared to 2022 of
     juta. Meningkatnya laba usaha dikarenakan kenaikan laba bruto       US$47.53 million. The increase in income from operations was
     serta meningkatnya volume penjualan emas dibandingkan               due to both the rise in gross profit and the increase in gold sales
     dengan tahun 2022.                                                  volume compared to 2022.

     Laba Sebelum Beban Pajak Penghasilan                                Profit Before Income Tax Expense
     Berdasarkan faktor-faktor yang telah dijelaskan sebelumnya,         Based on the factors previously explained, the Company
     Perseroan mencatatkan penurunan laba sebelum beban pajak            managed to record a decrease of 1.28% in profit before income
     penghasilan sebesar 1,28% di tahun 2023 menjadi AS$28,21 juta       tax expense in 2023 to US$28.21 million from that of 2022 of
     dari tahun 2022 yang sebesar AS$28,57 juta. Menurunnya laba         US$28.57 million. The decrease in profit before income tax
     sebelum beban pajak penghasilan dikarenakan meningkatnya            expense was due to the increase in financial expenses compared
     beban keuangan dibandingkan dengan tahun 2022.                      to 2022.

     Laba Tahun Berjalan                                                 Profit for the Year
     Pada tahun 2023, laba tahun berjalan tercatat sebesar AS$14,76      In 2023, the profit for the year was recorded at US$14.76 million,
     juta, meningkat 1,53% dibandingkan tahun 2022 yang sebesar          an increase of 1.53% compared to that of 2022 of US$14.55
     AS$14,54 juta. Peningkatan ini menyebabkan laba bersih yang         million. This increase caused the net profit attributable to owners
     diatribusikan kepada pemilik Entitas Induk untuk tahun 2022         of the Parent for 2022 to increase by 0.13% to US$14.57 million
     meningkat sebesar 0,13% menjadi AS$14,57 juta dari AS$14,55         from US$14.55 million in the previous year.
     juta di tahun sebelumnya.

     Penghasilan Komprehensif Lain Tahun Berjalan                        Other Comprehensive Income for the Year, Net of
     Setelah Pajak                                                       Tax
     Penghasilan komprehensif lain tahun berjalan setelah pajak          Other comprehensive income for the year, net of tax was recorded
     tercatat sebesar AS$115,42 ribu pada tahun 2023, menurun            at US$115.42 million in 2023, a decrease of 81.72% compared to
     81,72% dibandingkan tahun 2022 yang sebesar AS$631,30 ribu.         that of 2022 of US$631.30 thousand. The decrease in profit before
     Penurunan tersebut disebabkan oleh pengukuran kembali               income tax expense was due to the remeasurement of employee
     liabilitas imbalan kerja.                                           benefit liabilities.

     Penghasilan Komprehensif Tahun Berjalan                             Comprehensive Income for the Year
     Pada tahun 2023, penghasilan komprehensif tahun berjalan            In 2023, the comprehensive income for the year was recorded at
     tercatat sebesar AS$14,87 juta, menurun 1,94% dibandingkan          US$14.87 million, decreased by 1.94% compared to that of 2022 of
     tahun 2022 yang sebesar AS$15,17 juta. Dari nilai tersebut,         US$15.17 million. Of such value, the comprehensive income for the
     penghasilan komprehensif tahun berjalan yang dapat                  year attributable to owners of the Parent was US$14.70 million,
     diatribusikan kepada pemilik Entitas Induk sebesar AS$14,70 juta,   while the remaining US$177.57 thousand was attributable to non-
     sedangkan sisanya sebesar AS$177,57 ribu diatribusikan kepada       controlling interests.
     kepentingan non-pengendali.

     Laba per Saham Dasar                                                Basic Earnings Per Share
     Pada tahun 2023, laba per saham dasar yang dapat diatribusikan      In 2023, basic earnings per share attributable to the owners of the
     kepada pemilik Entitas Induk tidak mengalami peningkatan            Parent Entity remained unchanged from the previous period, at
     ataupun penurunan dari periode sebelumnya, yaitu sebesar            $0.0006 per share.
     AS$0,0006 per saham.




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Laporan Arus Kas Konsolidasian                                             Consolidated Statement of Cash Flows
                                                                         disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                                                                                   Peningkatan
                                                                                   (Penurunan)
                     Uraian                        2023             2022             Increase                               Description
                                                                                    (Decrease)
                                                                                        %
 Kas Neto Diperoleh dari Aktivitas Operasi         21.222.391     54.291.208             (60,91)              Net Cash Provided by Operating Activities

 Kas Neto Digunakan untuk Aktivitas Investasi    (122.294.351)   (69.344.752)             76,36                     Net Cash Used in Investing Activities

 Kas Neto Diperoleh dari Aktivitas Pendanaan       99.996.711     13.676.772             631,14                Net Cash Provided by Financing Activities

                                                                                                                                Cash and Cash Equivalents
 Kas dan Setara Kas Awal Tahun                    10.339.434      12.298.872             (15,93)
                                                                                                                               At the Beginning of the Year

 Kas dan Setara Kas Akhir Tahun                     9.320.177     10.339.434              (9,86)         Cash and Cash Equivalents At the End of the Year



Kas Neto yang Diperoleh dari Aktivitas Operasi                             Net Cash Provided by Operating Activities
Kas neto yang diperoleh dari aktivitas operasi pada tahun 2023             Net cash provided by operating activities in 2023 was recorded
tercatat sebesar AS$21,22 juta, menurun 60,91% dibandingkan                at US$21.22 million, a decrease of 60.91% compared to that
tahun 2022 sebesar AS$54,29 juta. Penurunan tersebut                       of 2022 of US$54.29 million. The decrease was influenced by
dipengaruhi oleh meningkatnya pembayaran kepada kontraktor,                the increased payments to contractors, suppliers, and others;
pemasok dan lainnya; pembayaran beban bunga dan keuangan                   payments for interest expenses and other financial costs;
lainnya; pembayaran royalti dan pajak lainnya kepada pemerintah;           payments for royalties and other taxes to the government;
penerimaan tagihan pajak; dan diimbangi dengan kenaikan                    receipts from tax bills; and offset by an increase in cash receipts
penerimaan kas dari pelanggan.                                             from customers.

Kas Neto yang Digunakan untuk Aktivitas Investasi                          Net Cash Used in Investing Activities
Pada tahun 2023, kas neto yang digunakan untuk aktivitas                   In 2023, the net cash used in investing activities was recorded
investasi tercatat sebesar AS$122,29 juta, meningkat 76,36%                at US$122.29 million, an increase of 76.36% compared to the
dibandingkan dengan tahun sebelumnya sebesar AS$69,34.                     previous year of US$69.34. The increase was caused by higher
Kenaikan tersebut disebabkan oleh meningkatnya pengeluaran                 spending on capital expenditures, including fixed assets, mining
belanja modal berupa aset tetap, properti pertambangan, serta              properties, as well as exploration and evaluation assets.
aset eksplorasi dan evaluasi.

Kas Neto yang Diperoleh dari Aktivitas Pendanaan                           Net Cash Provided by Financing Activities
Kas neto yang diperoleh dari aktivitas pendanaan pada tahun                Net cash used from financing activities in 2023 was recorded
2023 tercatat sebesar AS$100,00 juta, meningkat 631,14%                    at US$100.00 million, an increase of 631.14% compared to 2022
dibandingkan tahun 2022 sebesar AS$13,68 juta. Peningkatan                 of US$13.68 million. The increase in net cash used primarily
penggunaan kas neto tersebut terutama berasal dari penerimaan              stemmed from the receipt of long-term bank loans, offset by the
utang bank jangka panjang diimbangi dengan pembayaran utang                repayment of long-term bank loans and a decrease in the receipt
bank jangka panjang dan penuruan penerimaan utang bank jangka              of short-term bank loans.
pendek.



Kemampuan Membayar Utang                                                   Debt Service Ability
                                                                                                                               disajikan dalam x / presented in x

                   Uraian                              2023                          2022                                     Description

 RASIO LIKUIDITAS / LIQUIDITY RATIO

 Rasio Lancar                                           0,77                          0,43                                                      Current Ratio

 RASIO SOLVABILITAS / SOLVENCY RATIO

 Rasio Total Liabilitas terhadap Total Ekuitas          2,06                           1,90                          Total Liabilities to Total Equity Ratio

 Rasio Total Liabilitas terhadap Total Aset             0,67                          0,65                           Total Liabilities to Total Assets Ratio

 Rasio Utang Bersih terhadap Total Ekuitas               1,51                          1,21                                        Net Debt to Equity Ratio




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     Rasio Likuiditas                                                       Liquidity Ratio
     Rasio likuiditas Perseroan diukur melalui rasio lancar. Pada           The Company’s liquidity ratio is measured through the current
     tahun 2023, rasio lancar tercatat sebesar 0,77x, meningkat jika        ratio. In 2023, the current ratio was recorded at 0.77x, an increase
     dibandingkan tahun 2022 sebesar 0,43x. Hal ini menunjukkan             compared to that of 2022 of 0.43x. This shows that the Company
     Perseroan memiliki aset lancar yang memadai untuk melunasi             has sufficient current assets to pay off short-term liabilities.
     kewajiban jangka pendek.

     Rasio Solvabilitas                                                     Solvency Ratio
     Rasio solvabilitas Perseroan diukur melalui rasio total liabilitas     The Company’s solvency ratio is measured through the total
     terhadap total ekuitas, rasio total liabilitas terhadap total aset,    liabilities to total equity ratio, the total liabilities to total assets
     dan rasio utang bersih terhadap total aset. Pada tahun 2023,           ratio, and net debt to total assets. In 2023, in general, the ratio
     secara umum rasio tersebut meningkat dari tahun 2022. Dari             increased from 2022. From such amount, it can be concluded
     jumlah tersebut, dapat disimpulkan Perseroan memiliki cukup            that the Company has sufficient capital and assets to pay all its
     modal dan aset untuk membayar seluruh liabilitasnya.                   liabilities.



     Tingkat Kolektibilitas Piutang                                         Collectability of Receivables

     Tingkat kolektibilitas piutang Perseroan ditinjau dan dimonitor        The collectibility of the Company’s receivables is reviewed and
     secara berkala, termasuk kemampuan pelanggan memenuhi                  monitored on a regular basis, including the customer’s ability
     kewajiban utangnya, untuk memastikan tingkat piutang                   to meet its liabilities, in order to ensure that the Company’s
     Perseroan dalam kondisi yang sehat dan lancar. Sedangkan untuk         receivables remain in a healthy and current condition. Meanwhile,
     mengurangi risiko piutang gagal bayar (credit deafult risk), maka      in order to reduce the credit default risk, the Company stipulates
     Perseroan menetapkan kebijakan pembayaran atas penjualan               that the payment policy for sales made by the Company to
     yang dilakukan Perseroan terhadap pelanggan selama-lamanya             customers is within a maximum of 3 days after the goods are
     3 hari setelah barang diterima oleh pelanggan, sehingga secara         received by the customers, which has indirectly made the
     tidak langsung tingkat kolektibilitas piutang Perseroan berada         Company’s collectibility of its receivables remain current.
     pada tingkat lancar.



     Struktur Modal                                                         Capital Structure
     Dasar Penentuan Kebijakan Manajemen atas                               Basis for Determining Management Policy for
     Struktur Modal                                                         Capital Structure
     Tujuan utama pengelolaan modal adalah untuk memastikan                 The main objective of capital management is to ensure the
     pemeliharaan rasio modal yang sehat serta mendukung bisnis dan         maintenance of a sound capital ratio while supporting the
     memaksimalkan nilai bagi Pemegang Saham. Perseroan mengelola           business and maximizing values for Shareholders. The Company
     permodalan untuk menjaga kelangsungan usaha dalam rangka               manages capital to maintain business continuity to maximize
     memaksimumkan kekayaan para Pemegang Saham dan manfaat                 Shareholders wealth and benefits to other parties with an interest
     kepada pihak lain yang berkepentingan terhadap Perseroan dan           in the Company and to maintain an optimal capital structure to
     untuk menjaga struktur optimal permodalan untuk mengurangi             reduce capital costs. The Company’s capital structure as of
     biaya permodalan. Struktur permodalan Perseroan pada tanggal           December 31, 2023, and December 31, 2022, is as follows:
     31 Desember 2023 dan 31 Desember 2022 sebagai berikut:
                                                                           disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                        Uraian                            2023                        2022                                     Description

      Utang Bank                                        405.135.903                 312.166.149                                                     Bank Loans

      Total Ekuitas                                     262.629.985                247.755.438                                                     Total Equity

      Rasio Utang Bank terhadap Total Ekuitas (x)              1,54                          1,26                    Ratio of Bank Loans to Total Equity (x)




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

     Per 31 Desember 2023, realisasi investasi barang modal                 As of December 31, 2023, the Company’s capital expenditure
     Perseroan sebesar AS$122,29 juta. Sebagian besar komitmen              investment amounted to US$122.29 million. Most of these




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                                                                                                  Analisis dan Pembahasan Manajemen
                                                                                                  Management Discussion and Analysis




ini dilakukan dalam mata uang Rupiah dan Dolar Amerika                 commitments were made in Indonesian Rupiah and United
Serikat. Perseroan berencana membiayai komitmen ini dengan             States Dollar currencies. The company plans to finance these
menggunakan kas yang dihasilkan dari kegiatan operasional              commitments using cash generated from operational activities
maupun pendanaan. Adapun tujuan investasi barang modal ini             as well as financing. The purpose of these capital investments is
adalah untuk pelaksanaan kegiatan operasional Perseroan.               to support the Company’s operational activities.



Investasi Barang Modal                                                 Capital Goods Investment

Perseroan melakukan investasi dalam barang modal dengan                The Company invested in capital goods with the aim of supporting
tujuan untuk mendukung dan meningkatkan kegiatan operasional           and improving the Company’s operational activities. The following
perusahaan. Berikut investasi barang modal yang telah dilakukan        are capital goods investment made by the Company:
oleh Perseroan:

                                                                                                          disajikan dalam AS$ / presented in US$

                  Uraian                              2023                    2022                            Description

                                                                                                    Additions to Exploration and Evaluation
 Penambahan Aset Eksplorasi dan Evaluasi              7.800.972               5.103.104
                                                                                                                                    Assets

 Penambahan Aset Tetap                               56.156.100               6.844.067                           Additions to Fixed Assets

 Penambahan Properti Pertambangan                    58.337.279               57.397.581                      Additions to Mine Properties

 Total                                              122.294.351             69.344.752                                                   Total




Informasi dan Fakta Material setelah                                   Material Information and Facts after the
Tanggal Laporan Keuangan                                               Date of the Financial Statements

Pada tanggal 6–7 April 2024, terjadi cuaca ekstrim hujan lebat         On 6-7 April 2024, the extreme weather causing critical rainfall
tidak biasa di wilayah Kabupaten Minahasa Utara (“Minut”) dan          occurs in the North Minahasa Regency (“Minut”) and Bitung City
Kota Bitung (“Bitung”) Provinsi Sulawesi Utara selama lebih dari       (“Bitung”) North Sulawesi Province for more than 24 hours which
24 jam yang telah menyebabkan bencana alam banjir dan tanah            caused natural disasters, floods and landslide at various points.
longsor di berbagai titik. Sehubungan dengan kejadian tersebut,        In connection with this incidents, the Minut Government and
Pemerintah Minut dan Pemerintah Bitung telah menetapkan                the Bitung Government have declared a Disaster Emergency
Status Tanggap Darurat Bencana sejak tanggal 7 April 2024.             Response Status starting 7 April 2024.


Cuaca ekstrim hujan lebat tidak biasa tersebut juga berdampak          The extreme weather causing critical rainfall, also had a direct
langsung terhadap lokasi Kontrak Karya Entitas Anak Perseroan,         impact on the Contract of Work locations for the Company’s
PT Meares Soputan Mining (“MSM”) dan PT Tambang Tondano                Subsidiaries, PT Meares Soputan Mining (“MSM”) and PT Tambang
Nusajaya (“TTN”) yang mengakibatkan bencana alam banjir dan            Tondano Nusajaya (“TTN”) which resulted in natural disasters,
tanah longsor disalah satu pit milik MSM dan TTN. Saat ini, kegiatan   flooding and landslide in one of MSM and TTN’s pit. Currently,
penambangan di pit tersebut telah dihentikan sementara waktu.          mining activities in the pit have been temporarily suspended.



Perbandingan Target dan Realisasi Tahun                                Comparison of Target and Realization in
2023                                                                   2023

Dengan kembalinya aktivitas penambangan di pit Araren,                 With the resumption of mining activities at the Araren pit, the
produksi emas Perseroan di tahun 2023 meningkat sebesar                Company assesses that gold production in 2023 is increase by 11%
11% dibandingkan dengan tahun sebelumnya. Kinerja keuangan             compared to the last year. The Company’s financial performance
(pendapatan, laba tahun berjalan, dan lainnya) Perseroan               (revenue, profit for the year, etc.) directly impacted by the
terdampak secara langsung dari peningkatan produksi emas pada          increase in gold production in 2023.
tahun 2023.


Prospek Usaha                                                          Business Prospects

Menurut data laporan Bank Dunia, pertumbuhan ekonomi global            According to the World Bank report data, global economic growth
pada tahun 2024 diprediksi akan melambat menjadi 2,4%.                 in 2024 is predicted to slow to 2.4%. Challenges such as ongoing


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     Tantangan-tantangan seperti gejolak geopolitik yang terus                     geopolitical turmoil and high global inflation, predicted to remain
     berlanjut dan inflasi global yang tinggi diprediksi tetap tinggi              high at 5.8%, are risk factors for global economic growth. In
     pada level 5,8% menjadi faktor risiko terhadap pertumbuhan                    addition, Indonesia’s economic growth prospects are also
     ekonomi global. Di samping itu, prospek pertumbuhan ekonomi                   influenced by internal and external factors. Macro assumptions
     Indonesia juga terpengaruh oleh faktor internal dan eksternal.                in the final draft of the 2024 State Revenue and Expenditure
     Asumsi makro dalam rancangan akhir Anggaran Pendapatan                        Budget (APBN) projected a national economic growth of 5.2%.
     dan Belanja Negara (APBN) 2024 memproyeksikan pertumbuhan                     Nevertheless, the downstream program is expected to halt the
     ekonomi nasional sebesar 5,2%. Meskipun demikian, program                     slowdown in investment in the political year by encouraging the
     hilirisasi diharapkan dapat menahan perlambatan investasi di                  growth of direct investment and Gross Fixed Capital Investment
     tahun politik dengan pendorong pertumbuhan investasi langsung                 (PMTB), such as through coal gasification efforts, construction of
     dan Penanaman Modal Tetap Bruto (PMTB), seperti melalui upaya                 bauxite and copper smelters, and construction of electric vehicle
     gasifikasi batu bara, pembangunan smelter bauksit dan tembaga,                battery cell factories.
     serta pembangunan pabrik sel baterai kendaraan listrik.


     Situasi bisnis Indonesia yang cukup stabil diproyeksikan akan                 Indonesia’s fairly stable business situation is projected to remain
     tetap terjaga di tahun 2024. Begitu pun dengan perkiraan harga                maintained in 2024. Likewise, the estimated gold price in
     emas di Indonesia yang berpotensi mencapai kisaran Rp1,15 juta-               Indonesia has the potential to reach around Rp1.15 million-Rp1.25
     Rp1,25 juta per gram. Hal ini menandai peningkatan signifikan                 million per gram. This marks a significant increase compared
     jika dibandingkan target harga emas tahun 2023 sebesar Rp1,1                  to the 2023 gold price target of Rp1.1 million per gram, with a
     juta per gram, dengan proyeksi peningkatan sebesar 13,6% pada                 projected increase of 13.6% in 2024. The prospects for shares of
     tahun 2024. Adapun prospek saham emiten produsen emas                         gold producing issuers are expected to be bright and attractive,
     diperkirakan cerah dan menarik, terutama dikarenakan harga                    especially as prices are predicted to increase in line with the
     diprediksi akan meningkat seiring dengan prospek penurunan                    prospect of a reduction in the Fed’s interest rate and the trend of
     suku bunga The Fed serta tren perlambatan ekonomi global.                     global economic slowdown.


     Melihat situasi tersebut, Perseroan optimis bahwa tahun                       Considering such situation, the Company is optimistic that
     2024 akan menjadi titik pemulihan bagi perjalanan industri                    2024 will be a recovery point for the gold mining industry. By
     pertambangan emas. Dengan senantiasa menerapkan strategi                      continuously implementing a transformation strategy towards
     transformasi menuju bisnis digital yang berkelanjutan, serta                  a sustainable digital business, as well as strengthening risk
     penguatan manajemen risiko beserta langkah-langkah mitigasi                   management along with effective mitigation measures, the
     yang efektif, Perseroan akan mampu menghadapi tantangan yang                  Company will be able to face challenges that may arise and
     mungkin muncul serta memanfaatkan setiap peluang yang hadir                   take advantage of every opportunity that presents itself amidst
     di tengah kondisi pasar yang dinamis.                                         dynamic market conditions.

     Sumber:                                                                       Sources:
     · CNBC Indonesia: Tantangan Ekonomi 2024 Tak Mudah, Semua Negara Harus        • CNBC Indonesia: The Uneasy Economic Challenges in 2024, All Countries Must Be
       Bersiap!                                                                       Prepared!
     · Media Kemenkeu RI: Ekonomi Indonesia-Tumbuh Tangguh di 2023, Bagaimana di   • Media of Ministry of Finance of the Republic of Indonesia: Indonesia’s Economy-
       2024?                                                                          Growing Resilient in 2023, How about in 2024?




     Proyeksi 2024                                                                 2024 Projections

     Mulai dari awal tahun 2024, Perseroan menargetkan pertumbuhan                 Starting from the beginning of 2024, the Company targets gold
     produksi emas di tahun 2024 bertumbuh sekitar 15% - 20%. Hal ini              production growth in 2024 to grow by around 15% - 20%. This
     didukung oleh kesiapan infrastruktur lubang tambang/pit dan alat              is supported by the readiness of mine hole/pit infrastructure
     berat yang mencukupi untuk melakukan kegiatan penambangan                     and sufficient heavy equipment to carry out mining activities
     secara optimal. Peningkatan produksi tersebut diharapkan                      optimally. This increase in production is expected to have a
     akan berdampak positif terhadap posisi keuangan Perseroan,                    positive impact on the Company’s financial position, considering
     mengingat harga emas juga mengalami peningkatan diatas 10%                    that the price of gold also increases by more than 10% starting at
     mulai akhir tahun 2023.                                                       the end of 2023


     Namun demikian, pada tanggal 7 April 2024 terjadi bencana                     However, on April 7, 2024 a natural disaster occurred in one
     alam di salah satu lubang tambang/pit anak Perusahaan yang                    of the Company’s mining pits, which resulted in ore mining
     mengakibatkan kegiatan penambangan bijih dilubang tambang/                    activities in the mine pit/pit are temporarily suspended.
     pit tersebut untuk sementara waktu akan mengalami penundaan.                  Even though the other three pits are still producing normally,
     Meskipun tiga pit lain masih melakukan produksi secara normal,                natural disasters in the affected pit will have an impact on the
     bencana alam pada lubang terdampak/pit tersebut akan                          Company’s production achievements and financial position.
     memberikan berdampak terhadap pencapain produksi dan posisi
     keuangan Perusahaan.


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Bencana tersebut diakibatkan oleh adanya cuaca ekstrim hujan         The disaster was caused by extreme weather, unusually heavy
lebat tidak biasa pada tanggal 6-7 April 2024 di wilayah Kabupaten   rain on April 6-7, 2024 in North Minahasa Regency (“Minut”) and
Minahasa Utara (“Minut”) dan Kota Bitung (“Bitung”) Provinsi         Bitung City (“Bitung”), North Sulawesi Province for more than
Sulawesi Utara selama lebih dari 24 jam yang telah menyebabkan       24 hours, which caused the natural disaster of flooding and
bencana alam banjir dan tanah longsor di berbagai titik.             landslides at various points. In connection with this incident,
Sehubungan dengan kejadian tersebut Pemerintah Minut dan             Minut Government and Bitung Government declared a Disaster
Pemerintah Bitung telah menetapkan Status Tanggap Darurat            Emergency Response Status starting April 7, 2024.
Bencana sejak tanggal 7 April 2024.


Perseroan telah menyampaikan hal tersebut melalui keterbukaan        The Company has conveyed this through the Company’s disclosure
informasi atau fakta material Perseroan yang telah di sampaikan      of information or material facts submitted on April 16, 2024.
pada tanggal 16 April 2024. Saat ini Perseroan sedang                Currently, the Company is observing all aspects that could affect
memperhitungkan semua aspek yang dapat berpengaruh                   the remediation of pits affected by disasters. The complexity of
terhadap remediasi atas pit terdampak bencana. Kompleksitas          these calculations is because the Company must revise its mining
dari perhitungan tersebut karena Perseroan harus merevisi            plans and reallocate the utilization of heavy mining equipment.
rencana pertambangan dan melakukan re-alokasi utilisasi alat
berat pertambangan.


Informasi secara detil akan disampaikan Perseroan pada saat          Detailed information will be conveyed by the Company at the
Rapat Umum Pemegang Saham yang akan dilakukan paling                 General Meeting of Shareholders, which will be held no later
lambat pada tanggal 28 Juni 2024.                                    than June 28, 2024.




Aspek Pemasaran
Marketing Aspects




Strategi Pemasaran                                                   Marketing Strategy

Pada tahun 2023, Perseroan telah menyusun strategi perluasan         In 2023, the Company developed a strategy to expand its
jaringan pemasaran, baik untuk pasar domestik maupun ekspor. Di      marketing network, both for domestic and export markets. In the
pasar domestik, Perseroan memperkuat keunggulan sebagai salah        domestic market, the Company strengthens its superiority as one
satu produsen emas murni terbesar di Indonesia dengan kualitas       of the largest pure gold producers in Indonesia with competitive
produk yang kompetitif. Penjualan produk dilakukan melalui kerja     product quality. Product sales are carried out through efficient



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     sama efisien bersama bank dan mitra-mitra strategis, baik secara     collaboration with banks and strategic partners, both offline and
     luring (offline) maupun daring (online). Adapun perluasan di pasar   online. As for expansion in the international market, the Company
     internasional, Perseroan melakukan penjajakan pasar baru dalam       is exploring new markets in the sale of gold medallion in South
     penjualan medali emas di negara Asia Selatan.                        Asian countries.



     Pangsa Pasar                                                         Market Share

     Pangsa pasar Perseroan dan Entitas Anak meliputi pasar domestik      The market share of the Company and Subsidiaries includes the
     dan negara Asia. Adapun komposisi pangsa pasar Perseroan             domestic market and Asian countries. The composition of the
     berdasarkan jumlah pendapatan diuraikan sebagai berikut:             Company’s market share is described as follows:

                                                                                                                disajikan dalam % / presented in %

                  Negara Target Pasar                    2023                    2024                     Target Market Country

      Indonesia                                           52,33                   69,45                                              Indonesia
      India                                               25,67                    4,44                                                    India
      Singapura                                           22,00                    26,11                                            Singapore




     Kebijakan dan Pembagian Dividen                                      Dividend Policy and Distribution
     Kebijakan Dividen                                                    Dividend Policy
     Sesuai dengan Anggaran Dasar Perseroan dan Undang-Undang             In accordance with the Company’s Articles of Association
     No. 40 Tahun 2007 tentang Perseroan Terbatas, bahwa seluruh          and Law No. 40 of 2007 on Limited Liability Companies, all
     Pemegang Saham memiliki hak yang sama dan sederajat, termasuk        Shareholders have the same and equal rights, including the right
     hak atas pembagian dividen. Pembagian dividen Perseroan              to dividend distribution. The Company’s dividend distribution is
     dilakukan berdasarkan keputusan RUPS, sesuai dengan kemampuan        carried out based on the GMS resolution, in accordance with the
     keuangan perusahaan, tanpa mengurangi unsur kepatuhan                Company’s financial capabilities, without reducing the element of
     terhadap peraturan yang berlaku. Dengan demikian, Perseroan          compliance with the applicable regulations. Thus, the Company
     telah menetapkan kebijakan dividen tunai bagi seluruh Pemegang       has established a cash dividend policy for all Shareholders
     Saham mencapai 80% dari laba bersih setiap tahunnya. Pembagian       reaching 80% of net profit each year. The Company’s dividend
     dividen Perseroan tentunya akan tetap bergantung pada arus kas       distribution will of course remain dependent on the Company’s
     dan rencana investasi Perseroan, serta persyaratan yang diperlukan   cash flows and investment plans, as well as the necessary
     berdasarkan keadaan keuangan Perseroan, peraturan perundang-         requirements based on the Company’s financial condition, laws
     undangan, dan persyaratan lainnya yang berlaku.                      and regulations and other applicable requirements.

     Pembagian Dividen                                                    Dividend Distribution
     Pada tahun buku 2021 dan 2022, Perseroan tidak membagikan            In the 2021 and 2022 fiscal years, the Company did not distribute
     dividen kepada Pemegang Saham.                                       any dividends to Shareholders.



     Kebijakan Pemberian Insentif Jangka                                  Policy on Providing Long-Term Incentives
     Panjang kepada Manajemen atau                                        to Management or Key Management
     Karyawan Personel Manajemen Inti                                     Personnel Employees

     Perseroan telah menentukan dan menyepakati beberapa                  The Company has determined and agreed to several Employee
     program Employee Stock Allocation (“ESA”) serta program              Stock Allocation (“ESA”) programs as well as the Management
     Management Employee Stock Option Plan (“MESOP”). Ketentuan ini       Employee Stock Option Plan (“MESOP”) programs. This provision
     diberlakukan terhadap seluruh karyawan yang terdaftar di             applies to all employees registered with the Company no later
     Perseroan paling lambat tanggal 26 Februari 2021.                    than February 26, 2021.




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                                                                                               Analisis dan Pembahasan Manajemen
                                                                                               Management Discussion and Analysis




Program Kepemilikan Saham oleh                                     Employee and Management Shares
Karyawan dan Manajemen (ESOP/MSOP)                                 Ownership Program (ESOP/MSOP)
Program Kepemilikan Saham oleh Karyawan                            Employee Stock Allocation (“ESA”)
(“ESA”)
Program ESA dialokasikan dalam bentuk Saham Jatah Pasti            The ESA program is allocated in the form of Fixed Allotment
sebanyak 0,02% dari saham baru pada saat penawaran umum            Shares of 0.02% of the new shares during the initial public offering
perdanan saham atau sebanyak 237.500 saham. Tujuan utama           or totaling 237,500 shares. The main objectives of implementing
pelaksanaan program ESA adalah:                                    the ESA program are:
1. Meningkatkan rasa kepemilikan karyawan Perseroan                1. Increasing the sense of belonging of Company employees
    terhadap Perseroan;                                                towards the Company;
2. Memelihara loyalitas dan ikut membantu menjaga performa         2. Maintaining loyalty and helping to maintain the Company’s
    Perseroan;                                                         performance;
3. Mendorong produktivitas kerja, memelihara disiplin kerja dan    3. Encouraging work productivity, maintaining work discipline,
    memberikan contoh yang baik kepada karyawan baru; dan              and providing a good example to new employees; and
4. Menjaga nilai-nilai budaya kerja Perseroan.                     4. Maintaining the Company’s work culture values.


Adapun persyaratan yang harus dipenuhi oleh karyawan untuk         To attend the ESA program, permanent employees are required
mengikuti program ESA yaitu kepada karyawan tetap yang             to meet the criteria established by the Company prior to the
memenuhi kriteria yang telah ditetapkan oleh Perseroan sebelum     effective date of ESA program. The Company’s Board of Directors
program ESA ini efektif diberlakukan. Direksi Perseroan memiliki   maintains its full authority to determine the employees who are
kewenangan penuh untuk menentukan karyawan yang berhak             entitled to participate in ESA program and how many shares
menjadi peserta program ESA dan berapa jumlah saham yang           will be allocated to each participant during the initial public
akan dialokasikan kepada setiap peserta program ESA pada masa      offering by considering the period of service, position, and other
penawaran umum perdana saham dengan mempertimbangkan               considerations.
masa kerja, jabatan, dan pertimbangan lainnya.

Jangka Waktu Pelaksanaan ESA                                       ESA Implementation Period
Saham yang berasal dari program ESA dikenakan periode              Shares originating from ESA program are subject to a lock-up
lock-up, dengan demikian tidak dapat dialihkan dengan cara         period. Accordingly, they cannot be transferred in any way for 12
apapun selama 12 bulan terhitung sejak tanggal pencatatan          months from the shares listing date at Indonesia Stock Exchange.
saham Perseroan di Bursa Efek Indonesia. Dalam hal karyawan        In the event that an employee resigns when the lock-up period
mengundurkan diri pada saat periode lock-up belum berakhir,        has not yet ended, the shares will be transferred to another
maka saham tersebut akan dialihkan kepada karyawan lain            employee at no cost, in accordance with the Board of Directors’
secara cuma-cuma sesuai dengan kebijakan Direksi dan apabila       policy, and in the event that the employee passed away while the
karyawan meninggal pada saat periode lock-up belum berakhir,       lock-up period has not ended, then the shares will be transferred
maka saham tersebut akan dialihkan secara cuma-cuma kepada         at no cost only to legal heirs that can be proven to the Company’s
ahli warisnya yang sah dan dapat dibuktikan kepada Direksi         Board of Directors, in accordance with the Board of Directors’
Perseroan sesuai kebijakan Direksi. Selain itu, apabila karyawan   policy. Furthermore, in the event that the employee is transferred
dipindahkan ke perusahaan lain dalam Grup Rajawali pada saat       to other companies in the Rajawali Group when the lock-up
periode lock-up belum berakhir, maka karyawan tersebut masih       period has not yet ended, the employee is still entitled to own
berhak memiliki saham program ESA yang didapatkannya pada          ESA program shares received during the Initial Public Offering of
saat Penawaran Umum Perdana Saham.                                 Shares.

Harga Pelaksanaan                                                  Exercise Price
Harga pelaksanaan adalah sama dengan harga penawaran umum          The exercise price is equal to the initial public offering price of
perdana saham sebesar Rp750 per lembar saham.                      Rp750 per share.

Program Opsi Pembelian Saham kepada                                Management Employee Stock Option Plan
Manajemen dan Karyawan (“MESOP”)                                   (“MESOP”)
Perseroan melaksanakan program kepemilikan saham untuk             The Company implements employees share ownership program
karyawan atau management and employee stock option program         or management and employee stock option program (“MESOP”)
(“MESOP”) setelah proses penawaran umum perdana saham. Hal         after the initial public offering of shares. This aims to provide
ini bertujuan memberikan opsi kepada manajemen dan karyawan        the Company’s management and employees with the option
Perseroan untuk membeli saham baru perusahaan, sebanyak-           to purchase the Company’s new shares, of a maximum of
banyaknya 400.000.000 saham yang akan diterbitkan dari portepel    400,000,000 shares to be issued from the portfolio or a maximum
atau maksimal 1,61% dari saham ditempatkan dan disetor penuh.      of 1.61% of shares issued and fully paid.



                                                                                                            PT Archi Indonesia Tbk
                                                                                                                  2023 Annual Report
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     Adapun persyaratan yang harus dipenuhi oleh karyawan dan/atau      The requirements that must be met by employees and/or
     manajemen untuk mengikuti program MESOP, diantaranya:              management to participate in MESOP program include:
     1. Dewan Komisaris, kecuali Komisaris Independen;                  1. Board      of   Commissioners,     except    Independent
                                                                           Commissioners;
     2. Anggota Direksi yang menjabat pada saat penerbitan hak          2. Members of the Board of Directors serving at the time the
        opsi; dan                                                          option rights were issued; and
     3. Karyawan dan/atau manajemen yang dianggap telah memiliki        3. Employees and/or management considered to have strategic
        jabatan strategis.                                                 positions.

     Jangka Waktu Pelaksanaan MESOP                                     MESOP Implementation Period
     Hak opsi diterbitkan dapat digunakan untuk membeli saham baru      The issued option rights can be used to purchase the Company’s
     Perseroan selama 5 tahun sejak tanggal 9 Februari 2021. Hak opsi   new shares for 5 years starting February 9, 2021. Option rights
     yang dibagikan akan terkena masa tunggu pelaksanaan selama         distributed will be subject to vesting period for exercise of 1 year
     1 tahun sejak diterbitkan, di mana peserta Program MESOP           from issuance, during which MESOP Program participants will not
     belum dapat menggunakan hak opsinya untuk membeli saham            be able to exercise their option rights to purchase the Company’s
     baru Perseroan. Sehubungan dengan masa pelaksanaan hak opsi        new shares. In relation to the exercise period, the Company’s
     (exercise period), Direksi Perseroan akan menentukan periode       Board of Directors will determine the certain period which will be
     tertentu yang akan merupakan jangka waktu pelaksanaan hak          the exercise window period. The exercise window period will be
     opsi (window exercise). Window exercise akan dibuka sebanyak-      opened at a maximum of 2 times in 1 year, whereby each exercise
     banyaknya 2 kali dalam 1 tahun di mana setiap window exercise      window has a period of 30 Exchange Days.
     memiliki jangka waktu 30 hari Bursa.



     Hak opsi dalam program MESOP akan diterbitkan dalam 3              Option rights in MESOP program are issued in 3 stages as follows:
     tahapan, yaitu:
     • Tahap I                                                          •   Stage I
         Sebesar 60% dari jumlah hak opsi akan diterbitkan selambat-        60% of the total option rights that can be granted no later
         lambatnya 12 bulan sejak tanggal pencatatan saham.                 than 12 months since the listing date.
     • Tahap II                                                         •   Stage II
         Sebesar 20% dari jumlah hak opsi akan diterbitkan selambat-        20% of the total option rights that can be granted no later
         lambatnya 24 bulan sejak tanggal pencatatan saham.                 than 24 months since the listing date.
     • Tahap III                                                        •   Stage III
         Sebesar 20% dari jumlah hak opsi akan diterbitkan selambat-        20% of the total option rights that can be granted no later
         lambatnya 36 bulan sejak tanggal pencatatan saham.                 than 36 months since the listing date.

     Harga Pelaksanaan                                                  Exercise Price
     Harga pelaksanaan MESOP tahun 2023 adalah sebesar Rp750            The 2023 MESOP exercise price was Rp750 per share and no
     per saham dan tidak ada hak opsi yang dilaksanakan. Dengan         option rights were exercised. Thus, the total shares issued and
     demikian, jumlah saham ditempatkan dan disetor penuh milik         fully paid by the Company remained 24,835,000,000 shares.
     Perseroan tetap sejumlah 24.835.000.000 lembar saham.

     Laporan Hasil Pelaksanaan Program MESOP                            Report on Results of MESOP Implementation
     Tahap I Tahun 2023                                                 Stage I Program in 2023
     Sepanjang tahun 2023, Perseroan telah melaksanakan MESOP           Throughout 2023, the Company implemented MESOP Stage I for
     Tahap I terhadap hak opsi sebanyak 240.000.000 lembar saham.       option rights of 240,000,000 shares. This program lasted for 45
     Program ini berlangsung selama 45 hari sejak tanggal 1 November    days from November 1, 2023, to December 15, 2023.
     2023 sampai dengan 15 Desember 2023.



     Realisasi Penggunaan Dana Hasil                                    Realization of Use of Proceeds from
     Penawaran Umum                                                     Public Offering

     Dana hasil penawaran umum Perseroan telah digunakan                The public offering proceeds of the Company were fully used in
     sepenuhnya di tahun 2021 dan telah disampaikan dalam Laporan       2021 and stated in the Annual Report of that year. Therefore, the
     Tahunan tahun tersebut. Dengan demikian, Perseroan tidak           Company did not have any information and obligation to report
     memiliki informasi dan kewajiban pelaporan penggunaan dana         the use of public offering proceeds in 2023.
     hasil penawaran umum di tahun 2023.




96       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 99
                                                                                                         Analisis dan Pembahasan Manajemen
                                                                                                         Management Discussion and Analysis




Informasi Material terkait Investasi,                                     Material Information Related to
Ekspansi, Divestasi, Penggabungan/                                        Investment, Expansion, Divestment,
Peleburan Usaha, Akuisisi, dan                                            Business Merger/Consolidation,
Restrukturisasi Utang/Modal                                               Acquisition, and Debt/Capital
                                                                          Restructuring

Pada tahun 2023, Perseroan tidak melakukan investasi, ekspansi,           In 2023, the Company did not conduct any investment, expansion,
divestasi, penggabungan/peleburan usaha, akuisisi, dan                    divestments business merger/consolidation, acquisition, or debt/
restrukturisasi utang/modal investasi.                                    capital investment restructuring.



Informasi Transaksi Material yang                                         Information on Material Transactions with
Mengandung Benturan Kepentingan                                           Conflict of Interests

Selama tahun 2023, Perseroan tidak memiliki transaksi material            Throughout 2023, the Company did not make any material
yang mengandung benturan kepentingan.                                     transaction with conflicts of interest.



Informasi Transaksi Material dengan                                       Material Information on Transaction with
Pihak Afiliasi                                                            Affiliated Parties

Pada tahun 2023, Perseroan dan Entitas Anak Perseroan telah               In 2023, the Company and its Subsidiaries made affiliated
melakukan transaksi afiliasi yang merupakan kegiatan usaha yang           transactions, which were business activities carried out to
dijalankan dalam rangka menghasilkan pendapatan usaha dan                 generate business income and carried out regularly, repeatedly,
dijalankan secara rutin, berulang, dan/atau berkelanjutan yang            and/or continuously as explained as follows:
dijelaskan sebagai berikut:


 Pihak yang Melakukan Transaksi      MSM, TTN, KKM, JPP, dan ARPTE.
 Party Conducting the Transaction    MSM, TTN, KKM, JPP, and ARPTE.

 Tanggal Transaksi                   16 Agustus 2023.
 Transaction Date                    August 16, 2023.

 Nilai Transaksi                     Total fasilitas yang diberikan berdasarkan Dokumen Pembiayaan Utama sebesar AS$365.000.000. Nilai
 Transaction Value                   transaksi sama dengan sekitar 147% dari total ekuitas konsolidasian Perseroan berdasarkan laporan keuangan
                                     tahun 2022 yang diaudit.
                                     The total facilities provided based on the Main Financing Document are US$365,000,000. The transaction value
                                     is equal to approximately 147% of the Company’s total consolidated equity based on the audited 2022 financial
                                     statements.

 Objek Transaksi                     Fasilitas sindikasi pinjaman berjangka yang dijamin dengan para pihak sebagaimana tercantum dalam
 Objects of Transactions             Dokumen Pembiayaan Utama.
                                     Syndicated term loan facility guaranteed by the parties as stated in the Main Financing Document.

 Sifat Hubungan Afiliasi             MSM, TTN, KKM, dan JPP merupakan Entitas Anak Perseroan yang kepemilikan sahamnya secara mayoritas
 Nature of Relationships             dimiliki secara langsung oleh Perseroan dan ARPTE merupakan Entitas Anak Perseroan yang kepemilikan
                                     seluruh sahamnya dimiliki secara langsung oleh Perseroan.
                                     MSM, TTN, KKM, and JPP are Subsidiaries of the Company, whose majority share ownership is owned directly
                                     by the Company, and ARPTE is a Subsidiary of the Company whose majority shares are owned directly by the
                                     Company.

 Alasan Dilakukannya Transaksi       Fasilitas ini salah satunya akan digunakan untuk pembelanjaan modal sehubungan dengan pengembangan Pit
 Reasons for Conducting              Araren dan penambahan cadangan melalui kegiatan eksplorasi.
 Transactions                        One of these facilities will be used for capital expenditures in connection with the development of the Araren
                                     Pit and additional reserves through exploration activities.

 Pemenuhan Ketentuan Terkait         Peraturan Otoritas Jasa Keuangan No. 17/POJK.04/2020 tanggal 20 April 2020 tentang Transaksi Material dan
 Complying with Relevant             Perubahan Kegiatan Usaha dan Peraturan Otoritas Jasa Keuangan No. 42/POJK/04/2020 tanggal 1 Juli 2020
 Provisions                          tentang Transaksi Afiliasi dan Transaksi Benturan Kepentingan.
                                     Financial Services Authority Regulation No. 17/POJK.04/2020 dated April 20, 2020, on Material Transactions
                                     and Changes in Business Activities and Financial Services Authority Regulation No. 42/POJK/04/2020 dated
                                     July 1, 2020, on Transactions with Affiliation and Transactions with Conflict of Interest.




                                                                                                                       PT Archi Indonesia Tbk
                                                                                                                              2023 Annual Report
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Page 100
      Penjelasan Mengenai Kewajaran        Dewan Komisaris dan Direksi Perseroan menyatakan bahwa transaksi merupakan transaksi afiliasi dan tidak
      Transaksi dan Pernyataan             mengandung benturan kepentingan. Selain itu, Dewan Komisaris dan Direksi Perseroan juga menyatakan
      Dewan Komisaris dan Direksi          bahwa transaksi merupakan transaksi material yang tidak memerlukan penilai independen yang terdaftar
      Explanation on the Fairness of       di Otoritas Jasa Keuangan untuk menentukan nilai wajar dari objek transaksi material dan/atau kewajaran
      Transactions and Statements          transaksi, dan persetujuan RUPS untuk pelaksanaannya. Dewan Komisaris dan Direksi Perseroan bertanggung
      from the Board of Commissioners      jawab atas kebenaran dari seluruh informasi ini dan menyatakan bahwa sepanjang pengetahuan dan keyakinan
      and Board of Directors               Dewan Komisaris dan Direksi Perseroan, tidak ada informasi penting dan material lainnya yang berhubungan
                                           dengan transaksi yang tidak diungkapkan dalam transaksi ini yang dapat menyebabkan transaksi ini menjadi
                                           tidak benar dan/atau menyesatkan.
                                           The Company’s Board of Commissioners and Board of Directors stated that the transaction was an affiliate
                                           transaction and did not contain any conflict of interest. In addition, the Company’s Board of Commissioners
                                           and Board of Directors also stated that it was a material transaction not requiring any independent appraiser
                                           registered with the Financial Services Authority to determine the fair value of the material transaction object
                                           and/or the fairness of the transaction, or GMS approval for its implementation. The Company’s Board of
                                           Commissioners and Board of Directors are responsible for the accuracy of all this information and declare that
                                           to the best of their knowledge and belief, there is no other important or material information relating to the
                                           transaction that is not disclosed in this transaction which could cause this transaction to become ineffective,
                                           false, and/or misleading.




     Informasi Transaksi Material dengan
     Pihak Berelasi                                                                Information on Material Transaction with
                                                                                   Related Parties
     Perseroan terlibat dalam transaksi dengan pihak-pihak berelasi,
     yang mencakup perusahaan dan perorangan yang memiliki                         The Company was involved in transactions with related parties,
     keterkaitan kepemilikan atau kepengurusan baik secara langsung                which included companies and individuals that had ownership
     maupun tidak langsung dengan Perseroan. Semua transaksi                       or management relationship either directly or indirectly to the
     dengan pihak berelasi dilakukan dengan syarat dan kondisi yang                Company. All transactions with related parties were made with
     setara dengan transaksi yang dilakukan dengan pihak yang tidak                terms and conditions equivalent to transactions made with
     memiliki hubungan istimewa. Uraian sifat hubungan dan jenis                   parties with no special relationship. The description of the nature
     transaksi material dengan pihak berelasi ditunjukkan sebagai                  of relationship and types of material transactions with related
     berikut:                                                                      parties is shown as follows:


                 Pihak-Pihak Berelasi                             Sifat Hubungan                                            Jenis transaksi
                    Related Parties                            Nature of Relationship                                     Type of Transaction
                                                                    Entitas Asosiasi                                        Jasa Pertambangan
                           GMA
                                                                       Associate                                              Mining Services


     Saldo dengan pihak yang berelasi sebagai berikut:
                                                                                   Balances with related party are as follows:
                                                                              disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                                                                Persentase terhadap                                                   Persentase terhadap
                                                                   Total Liabilitas                                                      Total Liabilitas
               Uraian
                                          2023                   Percentage to Total                         2022                      Percentage to Total
             Description
                                                                      Liability                                                             Liability
                                                                         (%)                                                                   (%)
      Utang Usaha
                                         18.903.058                        3,49                            15.412.563                             3,28
      Trade Payable
      Biaya Masih Harus Dibayar
                                          5.451.508                         1,01                            7.350.485                              1,56
      Accrued Expenses


     Transaksi dengan pihak yang berelasi sebagai berikut:
                                                                                   Transactions with related party are as follows:
                                                                              disajikan dalam AS$, kecuali dinyatakan lain / expressed in US$, unless otherwise stated

                                                                Persentase terhadap                                                   Persentase terhadap
                                                                    Beban yang                                                            Beban yang
               Uraian                                              bersangkutan                                                          bersangkutan
                                          2023                                                               2022
             Description                                           Percentage to                                                         Percentage to
                                                                respective Expenses                                                   respective Expenses
                                                                        (%)                                                                   (%)
      Beban Pokok Penjualan
                                        34.680.597                        19,28                          42.880.400                              27,32
      Cost of Goods Sold




98       PT Archi Indonesia Tbk
         Laporan Tahunan 2023
Page 101
                                                                                                            Analisis dan Pembahasan Manajemen
                                                                                                            Management Discussion and Analysis




Perubahan Peraturan Perundang-
Undangan yang Berpengaruh Signifikan                                         Amendments to Laws and Regulations
terhadap Perseroan                                                           that Significantly Affect the Company

Selama tahun 2023, terdapat perubahan peraturan perundang-
undangan, yaitu:                                                             During the year 2023, there were changes in regulations as
                                                                             follows:
                                                                                           Dampak terhadap
                                                     Penjelasan                                                             Penyesuaian yang
            Peraturan                                                                      Laporan Keuangan
                                                     Explanation                                                               Dilakukan
            Regulation                                                                    Impact on Financial
                                                                                                                            Adjustment Made
                                                                                              Statements
 Peraturan Pemerintah No. 36 Tahun   Devisa Hasil Ekspor dari Kegiatan Pengusahaan,    Tidak    terdapat   dampak       Tidak terdapat penyesuaian
 2023                                Pengelolaan, dan/atau Pengelolaan Sumber          terhadap Laporan Keuangan.       yang dilakukan.
                                     Daya Alam.
 Government Regulation No. 36 of     Foreign Exchange from the Export of               There were no impacts on the     No adjustments were made.
 2023                                Exploitation, Management, and/or Utilization of   Financial Statements.
                                     Natural Resources.




Perubahan Kebijakan Akuntansi
                                                                             Amendments to Accounting Policies
Sepanjang tahun 2023, terdapat perubahan kebijakan akuntansi
terhadap laporan keuangan konsolidasian yang diuraikan sebagai               Throughout the year 2023, there were changes in accounting
berikut:                                                                     policies regarding the consolidated financial statements as
                                                                             outlined below:
                      Amandemen ISAK/PSAK                                                 Dampak terhadap Laporan Keuangan
                     Amendment to ISAK/PSAK                                                 Impact on Financial Statements

 Amandemen Pernyataan Standar Akuntansi Keuangan (PSAK) 1: Penyajian       Amandemen tersebut berdampak pada pengungkapan kebijakan akuntansi
 Laporan Keuangan - Pengungkapan Kebijakan Akuntansi.                      Grup, namun tidak berdampak pada pengukuran, pengakuan, atau penyajian
                                                                           pos apapun dalam Laporan Keuangan Konsoliidasian Grup.
 Amendment of Statements of Financial Accounting Standards (“PSAK”) 1:     The amendments have had an impact on the Group’s disclosures of
 Presentation of Financial Statement - Disclosure of Accounting Policies   accounting policies, but not on the measurement, recognition, or
                                                                           presentation of any items in the Group’s consolidated financial statements.

 Amendemen PSAK 16: Aset Tetap – Hasil sebelum Penggunaan yang             Tidak terdapat dampak terhadap Laporan Keuangan.
 Diintensikan.
 Amendment of PSAK 16: Fixed Assets - Proceeds before Intended Use.        There were no impacts on the Financial Statements.

 Amandemen PSAK 25: Kebijakan Akuntansi, Perubahan Estimasi Akuntansi,     Tidak terdapat dampak terhadap Laporan Keuangan.
 dan Kesalahan - Definisi Estimasi Akuntansi.
 Amendment of PSAK 25: Accounting Policies, Changes in Accounting          There were no impacts on the Financial Statements.
 Estimates and Errors - Definition of Accounting Estimates

 Amandemen PSAK 46: Pajak Penghasilan - Pajak Tangguhan terkait Aset       Tidak terdapat dampak terhadap Laporan Keuangan.
 dan Liabilitas yang Timbul dari Transaksi Tunggal.
 Amendment of PSAK 46: Income Taxes - Deferred Tax related to Assets and   There were no impacts on the Financial Statements.
 Liabilities arising from a Single Transaction

 Amandemen PSAK 46: Pajak Penghasilan - Reformasi Pajak Internasional –    Tidak terdapat dampak terhadap Laporan Keuangan.
 Ketentuan Model Pilar Dua.
 Amendment of PSAK 46: Income Taxes - International Tax Reform - Pillar    There were no impacts on the Financial Statements.
 Two Model Rules



Alasan Perubahan Kebijakan Akuntansi
Penerapan standar akuntansi keuangan dilakukan untuk                         Reasons of Amendments to Accounting Policies
mematuhi PSAK yang berlaku dalam tahun berjalan.                             The application of financial accounting standards is carried out to
                                                                             comply with the applicable PSAK in the current year.




                                                                                                                          PT Archi Indonesia Tbk
                                                                                                                                 2023 Annual Report
                                                                                                                                                         99
Page 102
               TINJAUAN
               PENDUKUNG BISNIS
               Business Support Overview




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PT Archi Indonesia Tbk
     2023 Annual Report
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Page 104
      Sumber Daya Manusia
      Human Capital




      Peran dan dukungan sumber daya manusia (“SDM”) yang unggul,        The role and support of excellent, professional, adaptive, and
      profesional, adaptif, dan berintegritas menjadi faktor yang        integrity-driven human capital (“HC”) are crucial factors in
      penting dalam menentukan keberhasilan Perseroan. Oleh karena       determining the Company’s success. Therefore, the Company
      itu, Perseroan berkomitmen untuk terus mempertahankan SDM          is committed to continuously maintaining HC through a careful
      melalui rangkaian proses rekrutmen yang cermat, program            recruitment process, sustainable HC development programs, and
      pengembangan SDM yang berkelanjutan, serta penerapan nilai         the implementation of corporate values and culture throughout
      dan budaya perusahaan di seluruh jenjang organisasi.               all organizational levels.



      Strategi Pengembangan SDM 2023                                     HC Development Strategy in 2023

      Perseroan memiliki strategi pengembangan SDM untuk tahun           The Company had a HC development strategy for 2023, which was
      2023 yang diuraikan sebagai berikut:                               outlined as follows:
      1. Pelatihan untuk mendapatkan sertifikasi;                        1. Training to obtain certifications;
      2. Pelatihan pengembangan kemampuan teknis;                        2. Training for technical skill development;
      3. Pelatihan pengembangan kemampuan non-teknis;                    3. Training for non-technical skill development;
      4. Pelatihan kepemimpinan; dan                                     4. Training for leadership skill; and
      5. Pelatihan terkait kesehatan dan keselamatan kerja.              5. Training related to occupational health and safety.



      Proses Rekrutmen                                                   Recruitment Process

      Perseroan memberikan kesempatan setara kepada setiap orang         The Company ensures equal opportunities for all individuals to
      untuk bekerja sebagai karyawan. Proses rekrutmen karyawan          work as employees. The recruitment process for employees is
      dilaksanakan melalui 2 cara, yaitu:                                conducted through two methods:
      1. Rekrutmen Internal                                              1. Internal Recruitment
          Dilakukan melalui mutasi atau promosi karyawan yang sudah         This method involves the transfer or promotion of existing
          ada dengan terpenuhinya spesifikasi jabatan atau pekerjaan.       employees who meet the job or position specifications.
      2. Rekrutmen Eksternal                                             2. External Recruitment
          Dilakukan melalui seleksi terbuka bagi masyarakat umum            This process is carried out through transparent selection for
          melalui situs pencari kerja dan hubungan kerja sama dengan        the public through job search websites and collaboration with
          perguruan tinggi terkemuka di Indonesia.                          reputable universities in Indonesia.


      Seluruh proses seleksi di Perseroan dilaksanakan sesuai dengan     The entire selection process at the Company is carried out in
      kriteria yang dibutuhkan sebagaimana bakal penempatan              accordance with the required criteria, considering department
      departemen dan keperluan ahli teknis. Dengan demikian, Perseroan   placement and the technical expertise needed. This ensures
      dapat menjamin bahwa seluruh rangkaian proses rekrutmen yang       that the entire recruitment process is free from any form of
      dilakukan terbebas dari tindak diskriminasi dalam bentuk apapun,   discrimination, including gender, ethnic background, religion, race,
      termasuk gender, latar belakang suku, agama, ras, dan golongan.    and social group. In 2023, 7 employees joined the Company, and 22
      Pada tahun 2023, terdapat 7 orang karyawan yang bergabung di       employees joined the Subsidiaries.
      Perseroan dan 22 orang karyawan bergabung dengan Entitas Anak.


      Perseroan juga berkomitmen meningkatkan pelibatan karyawan         The Company is also committed to increasing the involvement
      lokal dalam kegiatan operasi dan usaha Perseroan. Pelibatan        of local employees in the Company’s operations and business
      karyawan lokal sejalan dengan prinsip-prinsip dalam mencapai       activities. The involvement of local employees is aligned with
      tujuan pembangunan berkelanjutan. Saat ini, total karyawan         principles aimed at achieving sustainable development goals. At
      lokal (memiliki KTP sesuai wilayah operasional) mencapai 74%       present, the total number of local employees (holding identification
      dari total seluruh karyawan. Berdasarkan hal tersebut, Perseroan   cards corresponding to the operational areas) comprise 74% of the
      berpotensi memberikan kontribusi positif bagi perkembangan         overall workforce. Based on this, the Company has the potential to
      ekonomi dan komunitas lokal.                                       make a positive contribution to the economic development and the
                                                                         local community.


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                                                                                                       Tinjauan Pendukung Bisnis
                                                                                                       Business Support Overview




Jumlah Karyawan                                                   Number of Employees

Jumlah karyawan yang dimiliki Perseroan dan Entitas Anak hingga   The number of employees of the Company and its Subsidiaries
31 Desember 2023 tercatat sebanyak 755 orang. Jumlah tersebut     as of December 31, 2023, was recorded at 755 people. This figure
menurun 4,19% dibandingkan tahun 2022 yang mencapai 788           decreased by 4.19% compared to in 2022, which reached 788
orang. Penurunan ini dikarenakan adanya karyawan yang pensiun,    people. The decrease was due to employees retiring, resigning,
mengundurkan diri, dan telah berakhir kontrak.                    and contract expiry.


                                        2023                                   2022
                          Pria          Wanita                    Pria        Wanita
                                                      Total                                   Total
                          Male          Female                    Male        Female
 JABATAN / POSITION
 Manajemen                  68             10           78         62              7             69                     Management
 Staf                      200            59           259        202             64           266                              Staff
 Non-Staf                  358            56           414        386             62           448                         Non-Staff
 Ekspatriat                  4             0             4          5              0              5                        Expatriate
 Total                     630            125          755        655            133            788                             Total
 TINGKAT PENDIDIKAN / EDUCATION LEVEL
 ≥ S2                        8             3             11         5              3              8                ≥ Master’s Degree
 S1                        193            84           277         191            93           284                  Bachelor Degree
 Diploma (D3)               30             5            35         29              5            34                      Diploma (D3)
 ≤ SMA dan Sederajat       399            33           432        430             32           462        ≤ High School and Equivalent
 Total                     630            125          755        655            133            788                             Total
 STATUS KETENAGAKERJAAN / EMPLOYMENT STATUS
 Tetap                     578            96           674         593           103            696                       Permanent
 Kontrak                    52            29            81         62             30             92                         Contract

 Total                     630            125          755        655            133            788                             Total
 USIA / AGE
 ≥ 55 tahun                 19             4            23          21             2             23                     ≥ 55 years old

 46-54 tahun               210             11          221         213            13           226                    46-54 years old
 31-45 tahun               326            55           381        324             50           374                    31-45 years old
 ≤ 30 tahun                 75            55           130          97            68            165                    ≤ 30 years old
 Total                     630            125          755        655            133            788                             Total
 LOKASI KEGIATAN / ACTIVITY LOCATION
 Kantor Pusat               48            34            82         45             34             79                      Head Office
 Lokasi Tambang            582             91          673         610            99            709                       Mining Site
 Total                     630            125          755        655            133            788                             Total




Pengembangan Kompetensi                                           Competency Development

Pengembangan kompetensi karyawan dikelola oleh bagian             Employee competency development is managed by the training
pelatihan dan pengembangan yaitu Departemen Sumber Daya           and development department, which is the Human Capital
Manusia dan dilaksanakan sesuai kebutuhan serta rencana           Department, and implemented according to the Company’s needs
pengembangan Perseroan dengan melibatkan para atasan              and development plans, by involving supervisors and all employees.
dan seluruh karyawan. Secara prinsip, Perseroan memberikan        In principle, the Company provides equal opportunities for every
kesempatan setara kepada setiap karyawan untuk mengikuti          employee to participate in training programs. Additionally, there
pelatihan. Selain itu, terdapat juga program magang bagi fresh-   is also an internship program for fresh graduates as one of the
graduate sebagai salah satu bentuk rekrutmen untuk posisi entry   recruitment methods for entry-level positions.
level.




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                                                                                                                2023 Annual Report
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      Pada tahun 2023, jumlah jam pelatihan yang diikuti karyawan                     In 2023, the total training hours attended by employees amounted
      21.787 jam dengan rata-rata jam pelatihan 29 jam. Berikut                       to 21,787 hours, with an average of 29 training hours per
      pengembangan kompetensi yang diikuti oleh karyawan:                             employee. The competency development programs participated
                                                                                      by employees were as follows:


                   Nama Pelatihan                       Penyelenggara                         Lokasi Pelaksanaan                       Total Peserta
                   Name of Training                       Organizer                               Location                           Total Participants
       Sertifikasi                                    Eksternal                Toka Tindung, Jakarta, Bandung, dan Palembang
                                                                                                                                                85
       Certification                                  External                 Toka Tindung, Jakarta, Bandung, and Palembang
       Pengembangan Kemampuan Teknis                  Internal dan Eksternal
                                                                               Toka Tindung                                                     99
       Technical Skill Development                    Internal and External
       Pengembangan Kemampuan Non-Teknis
                                                      Internal                 Toka Tindung                                                    385
       Non-Technical Skill Development
       Kepemimpinan
                                                      Internal                 Toka Tindung                                                     13
       Leadership
       terkait Kesehatan dan Keselamatan Kerja
       Occupational Health and Safety-related         Internal                 Toka Tindung                                                  1.439
       Training
       Total Peserta / Total Participants                                                                                                    2.021
       Total Biaya (AS$) / Total Cost (US$)                                                                                                 43.709




      Penilaian Kinerja                                                               Performance Assessment

      Secara berkala, Perseroan menyelenggarakan kegiatan penilaian                   The Company periodically asesses its employees’ performance
      kinerja karyawan untuk meningkatkan produktivitas kerja pada                    to enhance their work productivity in the subsequent periods.
      periode selanjutnya. Penilaian kinerja dilakukan atas dasar                     Performance assessment is based on the achievement of
      pencapaian target kerja, pengembangan diri, dan perilaku yang                   work targets, self-development, and behavior aligned with
      sesuai dengan nilai perusahaan yang telah ditetapkan pada awal                  the Company values set at the beginning of the period. The
      periode. Hasil penilaian dapat dijadikan pertimbangan dalam                     assessment results may be considered in career development
      merencanakan pengembangan karier, pemberian remunerasi,                         planning, remuneration, allowance amount, and other forms of
      besaran tunjangan, serta bentuk penghargaan lainnya yang                        recognition provided by the Company.
      diberikan oleh Perseroan.


                        Karyawan Memenuhi Target KPI                                                Karyawan Belum Memenuhi Target KPI
                          Employee Meets KPI Target                                                   Employee Has Not Met KPI Target
                                 (Orang / Employee)                                                             (Orang / Employee)


                       2023                              2022                                       2023                             2022
                       724                                692                                         31                              96


      Pengembangan Karier                                                             Career Development

      Perseroan melaksanakan program pengembangan karier yang                         The Company carries out a career development program
      secara terbuka dan objektif memberikan kesempatan bagi                          that transparently and objectively provides opportunities for
      karyawan untuk memperoleh peningkatan jabatan. Adapun yang                      employees to advance in their positions. Those considered
      dinilai layak mendapatkan promosi jabatan harus memenuhi                        eligible for promotion have to meet several criteria, as follows:
      beberapa kriteria sebagai berikut:
      1. Penilaian kinerja memenuhi target kerja;                                     1.   Performance assessments meet work targets;
      2. Kemampuan teknis sesuai dengan kualifikasi;                                  2.   Technical skills are in line with qualifications;
      3. Pengalaman kerja sesuai dengan kualifikasi;                                  3.   Work experience is in line with qualifications;
      4. Kemampuan non-teknis sesuai kualifikasi; dan                                 4.   Non-technical skills match qualifications; and
      5. Kemampuan kepemimpinan sesuai kualifikasi.                                   5.   Leadership skills are in accordance with qualifications.




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                                                                                                              Business Support Overview




Pada tahun 2023, jumlah karyawan yang mengikuti program                 In 2023, the number of employees participating in the career
pengembangan karier sebagai berikut:                                    development program was as follows:


                                         Jabatan
                                         Position                                                               Total
                Sebelum Promosi                               Setelah Promosi                            (Orang / Employee )
                Before Promotion                              After Promotion
 Non-Staf                                      Staf
                                                                                                                    6
 Non-Staff                                     Staff
 Staf                                          Senior Staf
                                                                                                                    6
 Staff                                         Senior Staff
 Senior Staf                                   Manajemen
                                                                                                                    5
 Senior Staff                                  Management



Remunerasi dan Kesejahteraan                                            Remuneration and Welfare

Perseroan berupaya menjaga kesenjangan gaji seluruh karyawan            The Company maintains a fair and equitable salary gap among all
agar karyawan mendapatkan kesejahteraan yang adil dan                   employees to ensure their well-being. Employee remuneration
merata. Penetapan remunerasi karyawan mengadopsi konsep                 is determined by adopting the merit pay system concept,
merit pay system, di mana sistem pembayaran dilakukan dengan            where payment system is established by linking rewards to the
mengaitkan imbalan (reward) dengan prestasi (performance) yang          performance achieved. The establishment of remuneration
dicapai. Adapun penentuan paket remunerasi menggunakan total            package uses a total remuneration survey, that is managed
remuneration survey yang dikelola secara independen oleh pihak          independently by an external party as a market reference.
eksternal sebagai referensi pasar.


Penetapan remunerasi juga disesuaikan dengan posisi dalam               Remuneration is also determined by adjusting to the position in
struktur organisasi, tanpa membedakan gender. Secara umum,              the organizational structure, regardless of gender. Generally,
tingkat upah Perseroan secara berkala telah disesuaikan dengan          the Company’s wage levels are periodically adjusted to UMP
ketentuan UMP, tingkat upah di industri sejenis, peraturan              (provincial minimum wage) regulations, wage levels in similar
ketenagakerjaan, dan kemampuan keuangan Perseroan. Bentuk               industries, labor regulations, and the Company’s financial
kesejahteraan yang diberikan Perseroan kepada karyawan                  capability. The welfare provided by the Company to employees is
diuraikan sebagai berikut:                                              outlined as follows:


                                           Karyawan Tetap             Karyawan Tidak Tetap
                   Uraian                                                                                        Description
                                         Permanent Employee          Non-Permanent Employee
 Gaji Pokok                                                                                                                      Basic Salary
 BPJS Ketenagakerjaan                                                                                        Social Security for Employment
 BPJS Kesehatan                                                                                                    Social Security for Health
 Tunjangan Hari Raya                                                                                                      Holiday Allowance
 Hak Cuti                                                                                                                       Leave Rights
 Tunjangan Pensiun                                                                x                                       Pension Allowance
 Fasilitas Transportasi                                                                                             Transportation Facilities
 Fasilitas Makan                                                                                                               Meal Facilities
 Fasilitas Pengobatan                                                                                                      Medical Facilities
 Fasilitas Kacamata                                                                                                       Eyewear Facilities
 Pesangon                                                                         x                                           Severance Pay
 Kompensasi Pengakhiran Masa Kontrak                x                                                    Contract Termination Compensation


Selain itu, Perseroan juga memberikan layanan kesehatan secara          Furthermore, the Company also provides free healthcare
gratis untuk seluruh karyawan yang berada di lokasi Tambang             services for all employees located at Toka Tindung Gold Mine
Emas Toka Tindung. Fasilitas kesehatan itu berupa klinik utama          site. The healthcare facility consists of a main clinic with doctors
dengan dokter yang siaga 24 jam. Klinik tersebut berfungsi sebagai      on standby 24 hours. The clinic serves as the primary medical
sarana pengobatan pertama apabila terdapat karyawan yang sakit          treatment facility in case of employee illness or occupational-
atau mengalami kecelakaan kerja. Di luar wilayah operasional,           related accidents. Outside the operational area, the Company
Perseroan bekerja sama dengan Rumah Sakit Siloam Manado untuk           collaborates with Siloam Hospital Manado for healthcare services
layanan kesehatan seperti medical check up dan lain sebagainya.         such as medical check-ups and others.


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      Beasiswa Pendidikan untuk Anak                                      Educational Scholarships for Outstanding
      Karyawan Berprestasi                                                Employees’ Children

      Perseroan memberikan beasiswa pendidikan kepada anak-anak           The Company provides educational scholarships to the children of
      karyawan yang berprestasi dengan tujuan untuk meningkatkan          employees who demonstrate exceptional academic performance,
      kesejahteraan karyawan dan keluarga. Pada tahun 2023,               aiming to enhance the well-being of employees and their families.
      Perseroan memberikan beasiswa pendidikan kepada 684 siswa           In 2023, the Company awarded educational scholarships to 684
      dengan biaya sebesar Rp883.424.500,-.                               students at a total cost of Rp883,424,500.



      Tingkat Perputaran Karyawan                                         Employee Turnover Rate

      Perseroan berupaya untuk menjaga tingkat perputaran karyawan        The Company strives to maintain a stable employee turnover rate
      agar tidak mengganggu produktivitas kerja secara menyeluruh.        to avoid disruption on overall work productivity. Therefore, the
      Oleh karena itu, Perseroan berupaya memberikan rasa aman dan        Company seeks to provide a sense of security and comfort for
      nyaman bagi karyawan dalam bekerja melalui pengelolaan tenaga       employees through fair and responsible workforce management.
      kerja yang adil dan bertanggung jawab.


      Informasi tingkat perputaran karyawan dalam 2 tahun terakhir        Information on the employee turnover rate in the last 2 years is
      ditunjukkan sebagai berikut:                                        presented as follows:



                     Uraian                           2023                          2022
                                                                                                                    Description
                                                (orang / employee)           (orang / employee)
       KARYAWAN KELUAR (JAKARTA DAN SITE) / EMPLOYEE EXITING (JAKATA AND SITE)
       Pensiun                                           22                            10                                            Retired
       Mengundurkan Diri                                  41                           64                                            Resign
       Meninggal Dunia                                     1                            2                                       Passed away
       Lain-Lain                                          31                           20                                             Other
       Total Karyawan Keluar                             95                            96                             Total Employee Exiting
       Tingkat Perputaran Karyawan (%)                  12,3                          11,8                       Employee Turnover Rate (%)




      Hubungan Industrial                                                 Industrial Relations

      Saat ini, mayoritas karyawan Perseroan dan/atau Entitas Anak        Currently, the majority of employees of the Company and/or
      merupakan anggota dari Serikat Pekerja Kimia, Energi, dan           Subsidiaries are members of Chemical, Energy, and Mining
      Pertambangan – Serikat Pekerja Seluruh Indonesia (SPKEP-            Workers’ Union of All-Indonesian Workers’ Union (SPKEP-
      SPSI). Organisasi tersebut telah terdaftar di Dinas Sosial Tenaga   SPSI). This organization is registered with the Office of Social
      Kerja dan Transmigrasi berdasarkan Tanda Bukti Pencatatan           Manpower and Transmigration based on Proof of Registration
      No. 560/DTKT.IV/I/2024 tanggal 8 Januari 2024. Hingga tahun         No. 560/DTKT.IV/I/2024 dated January 8, 2024. As of the
      2023, jumlah karyawan serikat pekerja yang telah diikuti            year 2023, the total number of employees who are members
      Perseroan melalui Entitas Anak sebanyak 469 orang.                  of the worker’s union, affiliated with the Company through its
                                                                          Subsidiaries, amounted to 469 individuals.


      Selain itu, Perseroan juga memberikan kesempatan bagi pengurus      Moreover, the Company provides opportunities for union officials
      serikat pekerja untuk mengikuti pelatihan dan pengembangan          to undergo training and skill development. This is a form of
      keterampilan. Hal ini merupakan bentuk dukungan Perseroan           support from the Company in managing harmonious industrial
      dalam mengelola hubungan industrial yang harmonis serta             relations and mitigating the possibility of various disturbances in
      mampu meredam kemungkinan munculnya berbagai gejolak di             the field, in any form.
      lapangan, dalam bentuk apapun.




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                                                                                                              Tinjauan Pendukung Bisnis
                                                                                                              Business Support Overview




Strategi Pengembangan SDM 2024                                         Human Capital Development Strategy in
                                                                       2024

Perseroan telah menyusun rencana dan strategi pengembangan             The Company has developed human capital plan and development
SDM untuk tahun 2024 yang diuraikan sebagai berikut:                   strategy for 2024, outlined as follows:
1. Pelatihan untuk mendapatkan sertifikasi;                            1. Training to obtain certifications;
2. Pelatihan pengembangan kemampuan teknis;                            2. Training for technical skill development;
3. Pelatihan pengembangan kemampuan non-teknis;                        3. Training for non-technical skill development;
4. Pelatihan kepemimpinan;                                             4. Leadership training;
5. Pelatihan terkait kesehatan dan keselamatan kerja; dan              5. Training related to occupational health and safety; and
6. Pelatihan untuk persiapan jalur karir.                              6. Training for career path preparation.




Teknologi Informasi
Information Technology



Perkembangan kebutuhan bisnis dan organisasi mengharuskan              The development of business and organization requires the
Perseroan untuk menata dan membenahi diri dalam menyiapkan             Company to organize and improve itself in preparing the
teknologi yang dibutuhkan dalam perluasan bisnis. Dalam era            necessary technology for business expansion. In the globalization
globalisasi, keandalan Teknologi Informasi (TI) merupakan salah        era, Information Technology (IT) reliability is a crucial element that
satu unsur penting yang mendukung proses bisnis dan layanan            supports efficient business processes and excellent services.
yang prima. Hal ini memungkinkan Perseroan untuk melakukan             This enables the Company to achieve efficiency, measure, and
efisiensi, mengukur, dan menelusuri kinerja bisnis, serta              track business performance, and make appropriate management
mengambil keputusan-keputusan manajemen yang tepat untuk               decisions for the Company’s business continuity.
kelangsungan usaha Perseroan.


TI di Perseroan dibagi menjadi 5 bagian penting yang saling            At the Company, IT is divided into 5 important, integrated parts
terintegrasi, yaitu:                                                   as follows:
1. IT Infrastructure                                                   1. IT Infrastructure
     Internet, jaringan area luas (wide area network/WAN) dan              Internet, wide area network (WAN), and local area network
     jaringan area lokal (local area network/LAN), telepon (IP-PBX),       (LAN), telephone (IP-PBX), server and server rooms,
     server dan server room, uninterrupptible power supply (UPS),          uninterruptible power supply (UPS), and electricity
     generator listrik, radio communication, global positioning            generators, radio communication, global positioning system
     system (GPS), jaringan 3G, 4G, dan 5G.                                (GPS), 3G, 4G, and 5G networks.
2. IT Application                                                      2. IT Application
     Perangkat lunak dan/atau pengembangan aplikasi.                       Software and/or application development.
3. IT Operation                                                        3. IT Operation
     Helpdesk/support, komputer, notebook, mobile device,                  Helpdesk/support, computers, notebooks, and mobile devices,
     procurement & documentation, dan aset manajemen.                      procurement & documentation, and asset management.
4. IT Security                                                         4. IT Security
     Akun pengguna, access center, backup & restore, dan disaster          User accounts, access center, backup & restore, and disaster
     recovery.                                                             recovery.
5. IT Governance                                                       5. IT Governance



Pengelolaan Teknologi Informasi                                        Information Technology Management

Perseroan senantiasa mengelola dan mengembangkan TI.                   The Company consistently manages and develops IT. One tangible
Salah satu wujud komitmen Perseroan dalam pengelolaan                  manifestation of the Company’s commitment to management and
dan pengembangan yang dilakukan adalah dengan                          development is the internalization of cutting-edge technology in
menginternalisasikan teknologi mutakhir dalam setiap kegiatan          every operational mining activity, aiming to bring effectiveness
operasional pertambangan guna menghadirkan efektivitas dan             and efficiency to the business processes.
efisiensi proses bisnis yang dijalankan.


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      Gangguan TI dapat terjadi dan berpotensi mengganggu                 IT disruptions can occur and potentially disrupt Company
      operasional Perseroan. Dengan demikian, diperlukan langkah          operations. Therefore, anticipatory measures are required, such
      antisipatif dalam penanganannya, antara lain:                       as:
      1. Melakukan penyusunan strategi dan perencanaan (backup &          1. Developing strategies and planning (backup & recovery,
          recovery, failover, dan testing & reporting);                       failover, and testing & reporting);
      2. Melakukan implementasi penanggulangan gangguan dan               2. Implementing disruption mitigation and technology;
          teknologi;
      3. Melakukan pengecekan secara menyeluruh dan berkala, baik         3. Conducting comprehensive and regular checks, both
          secara internal maupun eksternal;                                  internally and externally;
      4. Membuat dan memperbarui prosedur dan kebijakan; serta            4. Creating and updating procedures and policies; and
      5. Mengatur manajemen sumber daya.                                  5. Organizing resource management.


      Laporan atas seluruh kegiatan dan isu terkait TI dilaporkan         Reports on all IT-related activities and issues are regularly
      secara berkala kepada Direksi. Mengenai gangguan TI dengan          submitted to the Board of Directors. High-risk IT disruptions are
      risiko tinggi dilaporkan segera saat terjadinya kejadian disertai   reported immediately upon occurrence, along with the progress
      kemajuan atau progres pemulihannya.                                 or recovery progress.


      Beberapa hal yang telah diimplementasikan dalam sistem TI           The following matters have been implemented within the
      Perseroan antara lain:                                              Company’s IT system:
      1. Access control;                                                  1. Access control;
      2. Firewalls;                                                       2. Firewalls;
      3. Encryption;                                                      3. Encryption;
      4. Anti-virus & anti-malware software;                              4. Anti-virus & anti-malware software;
      5. Regular software updates and patching;                           5. Regular software updates and patching;
      6. Security audits and monitoring;                                  6. Security audits and monitoring;
      7. Employee training and awareness;                                 7. Employee training and awareness;
      8. Incident response plan;                                          8. Incident response plan;
      9. Network segmentation;                                            9. Network segmentation;
      10. Mobile device security;                                         10. Mobile device security;
      11. Regular security training and drills;                           11. Regular security training and drills;
      12. Data backups;                                                   12. Data backups;
      13. Compliance with regulations; dan                                13. Compliance with regulations; and
      14. Cloud security measures.                                        14. Cloud security measures.



      Strategi Pengembangan TI 2023                                       IT Development Strategy in 2023

      Pada tahun 2023, arah fokus pengembangan TI Perseroan               In 2023, the focus of the Company’s IT development direction was
      bergerak pada:                                                      as follows:
      1. Mengimplementasikan sistem deteksi wajah yang terintegrasi       1. Implementing integrated facial recognition systems in the
          (facial recognition) dalam proses absensi dan penggajian;           attendance and payroll processes;
      2. Melakukan pengembangan dan peningkatan sistem                    2. Developing and enhancing the Company’s Enterprise
          Enterprise Resource Planning (ERP) milik Perseroan;                 Resource Planning (ERP) system;
      3. Melakukan audit terhadap proses di beberapa sistem milik         3. Conducting audits on processes in several Company systems
          Perseroan dan melakukan perbaikan apabila diperlukan;               and making necessary improvements;
      4. Memperkuat sistem keamanan cyber dengan pembaruan                4. Strengthening cyber security systems by updating to the
          perangkat lunak terbaru dan memindahkan server dari on              latest software and migrating servers from on-premises to
          premise menjadi cloud agar selalu terkini;                          the cloud for continuous updates;
      5. Melakukan vulnerability test dan audit terhadap keamanan         5. Performing vulnerability tests and security audits and
          serta memperbaiki kemungkinan kekurangan yang                       addressing any identified shortcomings;
          ditemukan;
      6. Mengimplementasikan perangkat lunak untuk keamanan dan           6. Implementing software for network security and protection
          proteksi jaringan sebagai pintu masuk virus malware, seperti       against malware, such as internet, universal serial bus
          internet, universal serial bus (“USB”), dan mail system;           (“USB”), and mail systems;




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                                                                                                   Tinjauan Pendukung Bisnis
                                                                                                   Business Support Overview




7.  Mengimplementasikan manajemen aset dan helpdesk            7.   Implementing asset management and helpdesk systems to
    system untuk meningkatkan kualitas dukungan TI di dalam         improve IT support quality within the Company;
    Perseroan;
8. Melakukan pengembangan digitalisasi dokumen, sehingga       8. Digitizing document processes to facilitate timely processing,
    memudahkan karyawan dalam memproses, memonitor, dan           monitoring, and analysis by employees;
    menganalisa dokumen secara tepat waktu;
9. Melakukan perbaikan dan pengembangan jaringan (extension)   9. Improving and expanding networks (extension) according to
    sesuai dengan kebutuhan Perseroan;                             the Company’s needs;
10. Membuat dashboard untuk memvisualisasi performa            10. Creating dashboards to visualize operational and financial
    operasional dan keuangan agar lebih mudah melakukan            performance for timely analysis and faster decision-making;
    analisa secara tepat waktu dan mempercepat proses              and
    pengambilan keputusan; serta
11. Membuat pengembangan IT resources agar selalu terkini      11. Developing IT resources to stay up-to-date with technological
    terhadap perkembangan teknologi dan ancaman cyber.             advancements and cyber threats.



Strategi Pengembangan TI 2024                                  IT Development Strategy in 2024

Perkembangan TI yang sangat pesat menuntut Perseroan untuk     The rapid development of IT demands that the Company
senantiasa melakukan berbagai pengembangan dan inovasi.        continually engages in various developments and innovations.
Untuk tahun 2024, Perseroan telah menyusun dan membentuk       For 2024, the Company has formulated and established an IT
strategi pengembangan TI yaitu dengan melanjutkan strategi     development strategy by continuing the IT development strategy
pengembangan TI pada tahun sebelumnya.                         from the previous year.




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             Tanggung
             TANGGUNGJawab
                        JAWAB
             PROFIL
             SOSIAL
             Sosial dan
                     DAN
             TATA KELOLA
             PERUSAHAAN
             LINGKUNGAN
             Lingkungan
             PERUSAHAAN  Hidup
                          HIDUP
             Environmental and Social Responsibility
             Good Corporate Governance
             Company    Profile
             Responsibility



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      Komitmen dan Prinsip Penerapan GCG
      Commitment and Principles of GCG Implementation




      Perseroan memandang bahwa kualitas penerapan (good                               The Company views that the quality of good corporate
      corporate governance/GCG) menentukan kekuatan pilar                              governance (GCG) implementation determines the strength of
      pertumbuhan dan keberlangsungan usaha. Oleh sebab itu,                           growth pillars and business continuity. Therefore, the Company
      Perseroan konsisten menerapkan prinsip dan aturan terkait                        consistently applies GCG principles and rules to all stakeholders,
      GCG terhadap seluruh pemangku kepentingan, baik dari internal                    both internal and external. This effort is followed by updating
      maupun eksternal. Upaya ini diikuti dengan pemutakhiran                          various policies, standards, guidelines, and procedures to comply
      berbagai kebijakan, standar, pedoman, prosedur agar sesuai                       with amendments to applicable laws and regulations, the state of
      dengan perubahan peraturan perundang-undangan yang berlaku,                      business environment, and the Company’s business development
      keadaan lingkungan bisnis, serta perkembangan usaha dan                          and performance.
      kinerja Perseroan.


      Setiap pengambilan keputusan dan pengelolaan aspek usaha                         Every decision making and business aspect management is
      juga didasari prinsip-prinsip GCG dari Pedoman Umum                              also based on GCG principles of the 2021 General Guidelines for
      Governansi Korporat Indonesia (“PUGKI”) 2021, yang diuraikan                     Indonesian Corporate Governance (“PUGKI”), which are described
      sebagai berikut:                                                                 as follows:


                                                                                          Uraian
             PUGKI
                                                                                        Description

       Perilaku Beretika     Perseroan senantiasa mengedepankan kejujuran, memperlakukan semua pihak dengan hormat, memenuhi komitmen, membangun
       Ethical Conduct       serta menjaga nilai-nilai moral dan kepercayaan secara konsisten. Perseroan memperhatikan kepentingan Pemegang Saham dan
                             pemangku kepentingan lainnya berdasarkan asas kewajaran dan kesetaraan dan dikelola secara independen, sehingga masing-
                             masing organ perusahaan tidak saling mendominasi dan tidak dapat diintervensi oleh pihak lain.
                             The Company always prioritizes honesty, treats all parties with respect, fulfills its commitments, as well as consistently builds and
                             maintains moral values and beliefs. The Company pays attention to the interests of Shareholders and other stakeholders based on
                             the principles of fairness and equality, and each Company organ is managed independently so that it does not dominate the other
                             and can not be intervened by other parties.

       Akuntabilitas         Perseroan dapat mempertanggungjawabkan kinerjanya secara transparan dan wajar. Untuk itu, Perseroan harus dikelola secara
       Accountability        benar, terukur, dan sesuai dengan kepentingan perusahaan dengan tetap memperhitungkan kepentingan Pemegang Saham dan
                             pemangku kepentingan. Akuntabilitas merupakan prasyarat yang diperlukan untuk mencapai kinerja yang berkelanjutan.
                             The Company is accountable for its performance in a transparent and fair manner. As such, the Company must be managed properly,
                             measurably, and in accordance with corporate’ interests while still considering the interests of Shareholders and stakeholders.
                             Accountability is the prerequisite needed to achieve the sustainable performance.

       Transparansi          Perseroan menyediakan informasi yang material dan relevan dengan cara yang mudah diakses dan dipahami oleh pemangku
       Transparency          kepentingan. Perseroan mengambil inisiatif untuk mengungkapkan tidak hanya masalah yang disyaratkan oleh peraturan
                             perundang-undangan, tetapi juga hal yang penting untuk pengambilan keputusan oleh Pemegang Saham, kreditur, dan pemangku
                             kepentingan lainnya.
                             The Company provides relevant material information that is easily accessible and understood by the stakeholders. The Company
                             takes the initiative to disclose not only issues required by laws and regulations, but also important matters for decision making by
                             Shareholders, creditors, and other stakeholders.

       Keberlanjutan         Perseroan mematuhi peraturan perundang-undangan serta berkomitmen melaksanakan tanggung jawab terhadap masyarakat
       Sustainability        dan lingkungan agar berkontribusi pada pembangunan berkelanjutan melalui kerja sama dengan semua pemangku kepentingan
                             terkait untuk meningkatkan kehidupan mereka dengan cara yang selaras dengan kepentingan bisnis dan agenda pembangunan
                             berkelanjutan.
                             The Company complies with the laws and regulations and is committed to carrying out its responsibilities towards community and
                             environment in order to contribute to sustainable development by working with all relevant stakeholders to improve their lives,
                             aligned with the business interests and the sustainable development agenda.




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                                                                                                              Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




Struktur GCG
GCG Structure




Perseroan telah memiliki struktur GCG yang disusun berdasarkan      The Company already has a GCG structure established based on
Undang-Undang No. 40 Tahun 2007 tentang Perseroan Terbatas.         Law No. 40 of 2007 on Limited Liability Companies. This structure
Struktur tersebut digunakan sebagai dasar dalam pembagian           is used as the basis for dividing duties and responsibilities within
tugas dan tanggung jawab Organ Perseroan.                           the Company’s Organs.



                                                             Rapat Umum Pemegang Saham
                                                            General Meeting of Shareholders



                                                                    Dewan Komisaris
                                                                 Board of Commissioners



                                         Komite Nominasi dan
        Komite Audit                        Remunerasi                                            Komite Etik
       Audit Committee                     Nomination and                                      Ethics Committee
                                       Remuneration Committee




                                                                                                                     Direksi
                                                         Direktur Utama                                  Board of Directors
                                                        President Director




                          Direktur                           Direktur                               Direktur
                          Director                           Director                               Director




                 Unit Audit Internal                                                            Komite Pengeluaran
                 Internal Audit Unit                                                           Expenditure Committee



               Sekretaris Perusahaan                   Kepala Departemen                           Komite Investasi
                Corporate Secretary                    Head of Department                       Investment Committee




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      Rapat Umum Pemegang Saham
      General Meeting of Shareholders




      Rapat Umum Pemegang Saham (“RUPS”) merupakan organ                          The General Meeting of Shareholders (“GMS”) is the highest organ
      yang memiliki kedudukan tertinggi dalam struktur tata kelola                in the Company’s GCG structure. The GMS has authority not
      perusahaan. RUPS memiliki wewenang yang tidak diberikan                     granted to the Board of Commissioners and Board of Directors,
      kepada Dewan Komisaris dan Direksi, khususnya untuk                         particularly in determining the long-term direction of the
      menentukan arah jangka panjang Perseroan serta mengangkat                   Company and appointing or dismissing members of the Board of
      dan memberhentikan anggota Dewan Komisaris dan Direksi                      Commissioners and Board of Directors of the Company, within
      Perseroan, dengan batasan yang ditentukan dalam peraturan                   the limits specified by laws and/or the Company’s Articles of
      perundang-undangan dan/atau Anggaran Dasar Perseroan.                       Association.



      Pelaksanaan RUPS Tahun 2023                                                 Implementation of GMS in 2023

      Selama tahun 2023, Perseroan telah menyelenggarakan 1 kali RUPS             In 2023, the Company held 1 Annual GMS. The implementation of
      Tahunan. Pelaksanaan RUPS Tahunan diuraikan sebagai berikut:                the Annual GMS is outlined as follows:


       Hari/Tanggal                 Senin, 19 Juni 2023
       Day/Date                     Monday, June 19, 2023

       Waktu
                                    10:19 WIB – 10:52 WIB
       Time

       Mekanisme                    Daring (online) secara elektronik dengan aplikasi eASY.KSEI
       Mechanism                    Online electronically with eASY.KSEI application

                                    Grand Ballroom Four Seasons Hotel Lt. 5 / 5th Floor
       Tempat
                                    Jl. Gatot Subroto Kav. 18
       Place
                                    Jakarta 12710

                                    1. Persetujuan Laporan Tahunan dan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal
                                       31 Desember 2022.
                                    2. Persetujuan penetapan penggunaan laba bersih Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember
                                       2022 dan rencana pencadangan (ditentukan penggunaannya).
                                    3. Penunjukan akuntan publik dan/atau kantor akuntan publik yang akan melakukan audit terhadap Laporan Keuangan
                                       Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2023.
                                    4. Penetapan besarnya gaji atau honorarium dan/atau tunjangan bagi anggota Dewan Komisaris dan Direksi Perseroan
       Mata Acara                      untuk tahun buku 2023.
       Agenda                       1. Approval to the Company’s Annual Report and Financial Statements for the Fiscal Year Ending on December 31, 2022
                                    2. Approval on the Appropriation of the Company’s Net Profit for the Fiscal Year Ending on December 31, 2022, and
                                       Reserve Fund (Appropriated).
                                    3. Appointment of a Public Accountant and/or Public Accountant Firm to perform audit on the Company’s Financial
                                       Statements for the Fiscal Year Ending on December 31, 2023.
                                    4. Determination of the Amount of Salary or Honorarium and/or Allowances for the Board of Commissioners and Board
                                       of Directors for the 2023 Fiscal Year.

                                    21.114.107.500 saham yang setara dengan 85,02% dari 24.835.000.000 saham yang merupakan seluruh saham dengan
       Pemegang Saham               hak suara yang sah yang telah dikeluarkan Perseroan.
       Shareholders                 21,114,107,500 shares, equivalent to 85.02% of the 24,835,000,000 shares, representing all valid voting shares issued by
                                    the Company.

                                    Keputusan dalam rapat diambil berdasarkan musyawarah untuk mufakat. Dalam hal musyawarah untuk mufakat tidak
       Mekanisme Pengambilan        tercapai, maka keputusan diambil dengan pemungutan suara, yaitu berdasarkan suara setuju oleh lebih dari 1/2 bagian
       Keputusan Rapat              dari jumlah seluruh saham dengan hak suara yang hadir dan atau diwakili dalam rapat.
       Mechanism to Adopt
       Meeting Resolutions          Resolutions in the meeting are adopted through deliberation to achieve consensus. In the event that consensus cannot
                                    be reached, resolutions are made by voting, based on the approval of more than ½ (half) of the total number of voting
                                    shares present and/or represented at the meeting.

       Penunjukkan Pihak            Perseroan telah menunjuk pihak independen, yaitu PT Datindo Entrycom selaku Biro Administrasi Efek untuk melakukan
       Independen dalam RUPS        proses perhitungan suara dan Notaris Mala Mukti SH, LLM sebagai pihak yang melakukan validasi.
       Tahunan                      The Company has appointed independent parties, namely PT Datindo Entrycom as Share Registrar Bureau to conduct
       Appointment of               the vote counting process, and Notary Mala Mukti SH, LLM as the validating party.
       Independent Parties in the
       Annual GMS



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                                                                                                                                Tata Kelola Perusahaan
                                                                                                                            Good Corporate Governance




Hasil Keputusan RUPS Tahunan 2023
Result of Annual GMS Resolutions in 2023
                                                        Hasil Keputusan                                                                      Realisasi
                                                    Result of the Resolutions                                                               Realization

 1. Memberikan persetujuan atas Laporan Tahunan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2022;                 Telah direalisasikan
 2. Mengesahkan Laporan Tugas Pengawasan Dewan Komisaris Perseroan untuk tahun buku yang berakhir pada tanggal                          sepenuhnya
    31 Desember 2022;                                                                                                                   Has been fully
 3. Mengesahkan Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berahir pada tanggal 31 Desember 2022                    realized
    sebagaimana telah diaudit oleh Kantor Akuntan Publik Purwantono, Sungkoro & Surja, sebagaimana termuat dalam Laporan
    Auditor Independen tanggal 30 Maret 2023 dengan pendapat wajar dalam seluruh hal yang material; dan
 4. Memberikan pembebasan dan pelunasan tanggung jawab sepenuhnya (volledig acquit et dècharge) kepada seluruh anggota
    Direksi dan Dewan Komisaris Perseroan atas pengurusan dan pengawasan yang dilakukan selama 1 tahun buku yang berakhir
    pada tanggal 31 Desember 2022, sepanjang tindakan kepengurusan dan pengawasan tersebut tercermin dalam Laporan Tahunan
    dan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2022.
 1. Approved the Company’s Annual Report for the fiscal year ended on December 31, 2022;
 2. Ratified the Supervisory Report of the Board of Commissioners of the Company for the fiscal year ended on December 31, 2022;
 3. Ratified the Company’s Consolidated Financial Statements for the fiscal year ended on December 31, 2022 which have been
    audited by Purwantono, Sungkoro & Surja Public Accounting Firm as contained in the Independent Auditor’s Report dated March
    30, 2023 with unqualified opinion in material aspect; and
 4. Provided full release and discharge of responsibility (volledig acquit et de charge) to all members of the Board of the Directors
    and Board of Commissioners of the Company for the management and supervision carried out in the fiscal year ended December
    31, 2021, as long as such management and supervisory actions are reflected in the Company’s Annual Report and Financial
    Statements for the fiscal year ended on December 31, 2022.

 Menyetujui penggunaan laba bersih Perseroan untuk tahun buku 2022 sebesar AS$14.536.813 dengan rincian sebagai berikut:                Telah direalisasikan
 1. Sekitar kurang lebih 0,69% dari laba bersih Perseroan atau sebesar AS$100.000 disisihkan sebagai dana cadangan Perseroan,           sepenuhnya
    sehingga seluruh dana cadangan Perseroan menjadi sejumlah AS$300.000;                                                               Has been fully
 2. Sisa laba bersih Perseroan tahun buku yang berakhir pada tanggal 31 Desember 2022 yaitu sebesar AS$14.436.813 akan dicatat          realized
    sebagai laba ditahan Perseroan; dan
 3. Tidak ada pembagian dividen kepada Pemegang Saham untuk tahun buku yang berakhir pada 31 Desember 2022.
 Approved the appropriation of the Company’s net profit for the fiscal year 2022 amounted to US$14,536,813 with the following
 details:
 1. Approximately 0.69% of the Company’s net profit, or equal to US$100,000, shall be determined as the Company’s Reserve Fund,
    so that the entire Reserve Fund of the Company reached US$300,000;
 2. The remaining net profit of the Company for the fiscal year ending on December 31, 2022, amounting to US$14,436,813, shall be
    recorded as retained earnings of the Company; and
 3. There is no dividend distribution to the Shareholders for the fiscal year ending on December 31, 2022.

 Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk melakukan penunjukan Akuntan Publik Independen                    Telah direalisasikan
 dan/atau Kantor Akuntan Publik Independen yang akan memberikan jasa audit atas buku-buku Perseroan untuk tahun buku yang               sepenuhnya
 berakhir pada tanggal 31 Desember 2023 dengan ketentuan Akuntan Publik Independen dan/atau Kantor Akuntan Publik Independen            Has been fully
 yang ditunjuk merupakan Akuntan Publik dan/atau Kantor Akuntan Publik Independen bereputasi baik yang terdaftar di Otoritas            realized
 Jasa Keuangan, serta memberikan wewenang sepenuhnya kepada Direksi Perseroan untuk menetapkan jumlah honorarium
 Akuntan Publik Independen dan/atau Kantor Akuntan Publik Independen tersebut serta persyaratan lain penunjukannya atas
 rekomendasi dari Komite Audit Perseroan.
 Granted power and authority to the Board of Commissioner of the Company to appoint Independent Public Accountant and/or
 Independent Public Accountant Firm to provide audit services for the Company’s books for the fiscal year ending on December
 31, 2023 provided that the Independent Public Accountant and/or the Independent Public Accountant Firm appointed is a Public
 Accountant and/or Independent Public Accountant Firm having good reputation and registered with OJK, as well as granted full
 authority to the Company’s Board of Directors to determine the honorarium amount of Independent Public Accountant and/or
 Public Accountant FIrm and other requirements for its appointment on the recommendation of the Company’s Audit Committee.

 Memutuskan untuk memberikan wewenang kepada Dewan Komisaris Perseroan untuk menetapkan gaji dan tunjangan lainnya bagi                 Telah direalisasikan
 anggota Direksi Perseroan serta honorarium dan tunjangan lainnya bagi anggota Dewan Komisaris Perseroan untuk tahun buku               sepenuhnya
 2023 dengan wajib memperhatikan rekomendasi dari Komite Nominasi dan Remunerasi Perseroan.                                             Has been fully
 Approved to give authority to the Company’s Board of Commissioners to determine salaries and other benefits for members of the         realized
 Company’s Board of Directors as well as honorarium and other allowances for members of the Company’s Board of Commissioners
 for the fiscal year 2023 with the obligation to take into account the recommendations of the Company’s Nomination and
 Remuneration Committee.




Hasil Tindak Lanjut Keputusan RUPS                                                Result of the Follow-up of the 2022 GMS
Tahun 2022                                                                        Resolutions
Pada tahun 2022, Perseroan menyelenggarakan 1 kali RUPS                           In 2022, the Company held the Annual GMS on April 26, 2022, at
Tahunan pada tanggal 26 April 2022 di Grand Ballroom Four                         Grand Ballroom Four Seasons Hotel, 5th floor, Jl. Gatot Subroto
Seasons Hotel Lt. 5 Jl. Gatot Subroto Kav. 18 Jakarta 12710.                      Kav. 18 Jakarta 12710. All resolutions adopted during the meeting
Seluruh keputusan dari rapat tersebut telah selesai ditindaklanjuti               have been duly followed up and fully implemented.
dan direalisasikan seluruhnya.




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      Penunjukkan Pihak Independen dalam RUPS                           Appointment of Independent Parties in the 2022
      Tahunan 2022                                                      Annual GMS
      Perseroan telah menunjuk pihak independen, yaitu PT Datindo       The Company appointed independent parties, namely PT Datindo
      Entrycom selaku Biro Administrasi Efek untuk melakukan proses     Entrycom as the Share Registrar Bureau to conduct the vote
      perhitungan suara dan Notaris Mala Mukti SH, LLM sebagai pihak    counting process, and Notary Mala Mukti SH, LLM as the validating
      yang melakukan validasi.                                          party.

      Agenda Rapat RUPS Tahunan 26 April 2022                           Agenda of the Annual GMS dated April 26, 2022:
      1.   Persetujuan Laporan Tahunan dan Laporan Keuangan             1.   Approval of the Annual Report and Financial Statements of
           Perseroan untuk tahun buku yang berakhir pada tanggal             the Company for the fiscal year ending on December 31, 2021;
           31 Desember 2021;
      2.   Persetujuan penetapan penggunaan laba bersih Perseroan       2. Approval of the determination of the use of the Company’s
           untuk tahun buku yang berakhir pada tanggal 31 Desember         net profit for the fiscal year ending on December 31, 2021, and
           2021 dan rencana pencadangan (ditentukan penggunaannya);        the reserve plan (including its appropriation);
      3.   Penunjukan Akuntan Publik dan/atau Kantor Akuntan Publik     3. Appointment of Public Accountant and/or Public Accounting
           yang akan melakukan audit terhadap Laporan Keuangan             Firm to audit the Company’s Financial Statements for the
           Perseroan untuk tahun buku yang berakhir pada tanggal           fiscal year ending on December 31, 2022;
           31 Desember 2022;
      4.   Penetapan besarnya gaji atau honorarium dan/atau tunjangan   4. Determination of the amount of salary or honorarium and/or
           bagi anggota Dewan Komisaris dan Direksi Perseroan untuk        benefits for the members of the Board of Commissioners and
           tahun buku 2022;                                                Board of Directors of the Company for the fiscal year 2022;
      5.   Perubahan susunan anggota Direksi dan Dewan Komisaris        5. Changes in the composition of the Board of Directors and
           Perseroan; dan                                                  Board of Commissioners of the Company; and
      6.   Laporan pertanggungjawaban penggunaan dana hasil IPO         6. Accountability report on the use of funds from the Company’s
           Perseroan.                                                      IPO.




      Dewan Komisaris
      Board of Commissioners


      Dewan Komisaris merupakan organ Perseroan yang bertugas           The Board of Commissioners is the Company’s organ who is in
      untuk menjalankan fungsi pengawasan dan pemberian nasihat         charge of conducting supervision and advising the Board of
      kepada Direksi, sesuai dengan ketetapan Anggaran Dasar            Directors, in accordance with the provisions of the Company’s
      Perseroan. Selain itu, Dewan Komisaris juga bertanggungjawab      Articles of Association. Additionally, the Board of Commissioners
      untuk memastikan sistem GCG di seluruh bagian Perseroan telah     is responsible for ensuring that the GCG system throughout the
      berjalan sebagaimana mestinya.                                    Company is functioning properly.



      Pedoman Kerja Dewan Komisaris                                     Board of Commissioner Charter

      Dalam melaksanakan tugas dan tanggung jawabnya, Dewan             In carrying out its duties and responsibilities, the Board of
      Komisaris Perseroan mengacu pada pedoman kerja yang ditujukan     Commissioners of the Company refers to a set of guidelines aimed
      untuk memberikan arahan dalam melaksanakan tugas dan tanggung     at providing direction in fulfilling its duties and responsibilities.
      jawabnya. Pedoman tersebut disusun berdasarkan Undang-Undang      These guidelines are developed based on the Limited Liability
      Perseroan Terbatas, Undang-Undang Pasar Modal, Peraturan          Company Law, Capital Market Law, Financial Services Authority
      Otoritas Jasa Keuangan, Peraturan Bursa Efek Indonesia, dan       Regulations, Indonesia Stock Exchange Regulations, and the
      Anggaran Dasar Perseroan, yang telah ditinjau dan disesuaikan     Company’s Articles of Association. They are reviewed and adjusted
      dengan kondisi industri masa kini guna menjaga relevansinya.      to current industry conditions to maintain their relevance.


      Pedoman Dewan Komisaris antara lain mencakup ketentuan            The Board of Commissioners Charter includes provisions on
      mengenai tugas dan wewenang Dewan Komisaris Perseroan,            duties and authorities of the Board of Commissioners, number
      jumlah anggota, proses pengangkatan, pembatasan rangkap           of members, appointment process, limitations on holding
      jabatan, tata cara rapat, hingga proses pertanggungjawaban        concurrent positions, meeting procedures, and the accountability
      kinerja.                                                          process for performance.


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                                                                                                          Tata Kelola Perusahaan
                                                                                                      Good Corporate Governance




Tugas dan Wewenang Dewan Komisaris                                Duties and Authorities of Board of
                                                                  Commissioners

Sebagaimana diuraikan dalam Pedoman Dewan Komisaris, tugas        The duties and authorities of the Board of Commissioners, as
dan wewenang Dewan Komisaris sebagai berikut:                     outlined in the Board of Commissioners Charter, are as follows:
1. Melakukan pengawasan atas kebijakan Direksi mengenai           1. Supervise the Board of Directors’ policies on management,
    pengurusan, jalannya pengurusan pada umumnya, baik                the course of management in general, both concerning the
    mengenai Perseroan maupun usaha yang dijalankan                   Company and its business operations, as well as provide
    Perseroan, dan memberi nasihat kepada Direksi terkait:            advice to the Board of Directors regarding:
    a. Pelaksanaan bisnis dan operasional usaha;                      a. Implementation of business and operations;
    b. Penerapan pengendalian internal;                               b. Implementation of internal control;
    c. Penyusunan dan pengungkapan Laporan Keuangan                   c. Preparation and disclosure of periodic Financial
        berkala;                                                          Statements;
    d. Pembagian dividen interim maupun dividen final; dan            d. Distribution of interim and final dividend; and
    e. Pelaksanaan praktik GCG.                                       e. Implementation of GCG practices.
2. Memberikan tanggapan dan rekomendasi atas rencana bisnis       2. Provide feedback and recommendations regarding the
    Perseroan yang disampaikan oleh Direksi kepada Dewan              Company’s business plans that are submitted by the Board of
    Komisaris;                                                        Directors to the Board of Commissioners;
3. Melakukan pemeriksaan atas seluruh pembukuan, surat dan        3. Check all bookkeeping, letters, and other evidence, match
    alat bukti lainnya, memeriksa dan mencocokkan keadaan             and reconcile the amount of cash and others, as well as have
    uang kas dan lain-lain serta berhak untuk mengetahui segala       the rights to know all actions that have been carried out by
    tindakan yang telah dijalankan oleh Direksi;                      the Board of Directors;
4. Memberhentikan sementara anggota Direksi manakala              4. Temporarily dismiss a member of Board of Directors if
    ditemukan tindakan yang bertentangan dengan Anggaran              actions if actions against the Articles of Association and/or
    Dasar dan/atau peraturan perundang-undangan yang berlaku;         applicable laws and regulations are found; and
    dan
5. Hal-hal lainnya yang belum diatur dalam Anggaran Dasar         5. Be in charge of other matters that have not been regulated
    tetap mengacu pada Peraturan Otoritas Jasa Keuangan dan          in the Articles of Association, but must refer to POJK and
    ketentuan serta peraturan perundang-undangan lainnya yang        provisions, as well as applicable laws and regulations.
    berlaku.



Tugas dan Tanggung Jawab Komisaris                                Duties and Responsibilities of President
Utama                                                             Commissioner

Selain tugas dan tanggung jawab Dewan Komisaris secara umum,      Apart from general duties and responsibilities of the Board of
Komisaris Utama Perseroan memiliki tugas dan tanggung jawab       Commissioners, the Company’s President Commissioner has
secara khusus, yaitu:                                             specific duties and responsibilities as follows:
1. Memimpin Dewan Komisaris dalam melaksanakan fungsi             1. To lead the Board of Commissioners in performing its
    pengawasannya; dan                                               supervisory function; and
2. Memimpin rapat Dewan Komisaris, rapat Dewan Komisaris          2. To preside over meetings of the Board of Commissioners, joint
    bersama Direksi (rapat gabungan), serta RUPS, namun dapat        meetings of the Board of Commissioners and the Board of
    digantikan oleh anggota Dewan Komisaris lainnya sepanjang        Directors, and the GMS, but the President Commissioner may be
    diatur dalam Anggaran Dasar Perusahaan maupun peraturan          substituted by another member of the Board of Commissioners
    perundang-undangan lainnya.                                      to the extent that such matter is stipulated in the Company’s
                                                                     Articles of Association and other laws and regulations.



Komposisi dan Masa Jabatan Dewan                                  Composition and Term of Office of the
Komisaris                                                         Board of Commissioners

Dewan Komisaris diangkat dan diberhentikan pada saat RUPS         The Board of Commissioners is appointed and dismissed at the
dengan masa jabatan selama 5 tahun dan dapat diangkat kembali     GMS for a term of 5 years and may be reappointed considering
dengan mempertimbangkan aspek integritas, kompetensi,             integrity, competency, and adequate reputation in line with the
dan reputasi yang memadai sesuai dengan kebutuhan bisnis          Company’s business needs. Below is the composition of the
Perseroan. Berikut komposisi Dewan Komisaris per tanggal          Board of Commissioners as of December 31, 2023:
31 Desember 2023:



                                                                                                         PT Archi Indonesia Tbk
                                                                                                               2023 Annual Report
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Page 120
                       Nama                        Jabatan                   Dasar Hukum Pengangkatan Terakhir Kali              Periode Menjabat
                       Name                        Position                   Legal Basis for the Latest Appointment              Term of Office
                                         Komisaris Utama                  Keputusan RUPS Tahunan tanggal 26 April 2022
       Kenneth Ronald Kennedy Crichton                                                                                              2022-2027
                                         President Commissioner           Annual GMS Resolutions dated April 26, 2022
                                         Wakil Komisaris Utama            Keputusan RUPS Tahunan tanggal 26 April 2022
       Rizki Indrakusuma                                                                                                            2022-2027
                                         Vice President Commissioner      Annual GMS Resolutions dated April 26, 2022
                                         Komisaris                        Keputusan RUPS Luar Biasa tanggal 9 Februari 2021
       Abed Nego                                                                                                                    2021-2026
                                         Commissioner                     Extraordinary GMS Resolutions dated February 9, 2021
                                         Komisaris Independen             Keputusan RUPS Luar Biasa tanggal 9 Februari 2021
       Dr. Ir. Bambang Setiawan                                                                                                     2021-2026
                                         Independent Commissioner         Extraordinary GMS Resolutions dated February 9, 2021
                                         Komisaris Independen             Keputusan RUPS Luar Biasa tanggal 9 Februari 2021
       Hamid Awaluddin                                                                                                              2021-2026
                                         Independent Commissioner         Extraordinary GMS Resolutions dated February 9, 2021
                                         Komisaris Independen             Keputusan RUPS Tahunan tanggal 26 April 2022
       Jhoni Ginting                                                                                                                2022-2027
                                         Independent Commissioner         Annual GMS Resolutions dated April 26, 2022




      Komisaris Independen                                                     Independent Commissioners

      Berdasarkan     Peraturan     Otoritas    Jasa      Keuangan             Based    on    Financial  Services     Authority  Regulation
      No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris                  No. 33/POJK.04/2014 on the Board of Directors and Board of
      Emiten atau Perusahaan Publik, Komisaris Independen wajib                Commissioners of Issuers or Public Companies, Independent
      paling sedikit berjumlah 30% dari jumlah anggota Dewan                   Commissioners must constitute at least 30% of the total
      Komisaris. Komposisi Dewan Komisaris Perseroan per                       number of Commissioners. As of December 31, 2023, the
      31 Desember 2023 berjumlah 6 orang, yang terdiri dari 1 orang            composition of the Company’s Board of Commissioners consists
      Komisaris Utama, 1 Wakil Komisaris Utama, 1 Komisaris, dan 3             of 6 members, comprising 1 President Commissioner, 1 Vice
      Komisaris Independen. Dengan demikian, komposisi Komisaris               President Commissioner, 1 Commissioner, and 3 Independent
      Independen Perseroan telah lebih dari 30% dari seluruh jumlah            Commissioners. Thus, the composition of Independent
      Dewan Komisaris.                                                         Commissioners in the Company exceeds 30% of the total number
                                                                               of Commissioners.

      Independensi Komisaris Independen                                        Independence of Independent Commissioners
      Pernyataan independensi Komisaris Independen Perseroan                   The independence statement of the Company’s Independent
      disandarkan pada Peraturan Otoritas Jasa Keuangan                        Commissioners is based on Financial Services Authority Regulation
      No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris                  No. 33/POJK.04/2014 on the Board of Directors and Board of
      Emiten atau Perusahaan Publik, sebagaimana diuraikan berikut ini:        Commissioners of Issuers or Public Companies, as outlined below:
      1. Bukan merupakan orang yang bekerja atau mempunyai                     1. Not a person who works or has the authority and responsibility
          wewenang dan tanggung jawab untuk merencanakan,                          to plan, lead, control, or supervise the Company’s activities
          memimpin, mengendalikan, atau mengawasi kegiatan                         within the last 6 months;
          Perseroan dalam waktu 6 bulan terakhir;
      2. Tidak mempunyai saham, baik langsung maupun tidak                     2. Do not own shares of the Company, both directly and
          langsung pada Perseroan;                                                indirectly;
      3. Tidak mempunyai hubungan afiliasi dengan Perseroan,                   3. Have no affiliation with the Company, members of the Board
          anggota Dewan Komisaris, anggota Direksi, atau pemegang                 of Commissioners, members of the Board of Directors, or
          saham utama; serta                                                      major shareholders; and
      4. Tidak mempunyai hubungan usaha, baik langsung maupun                  4. Does not own business that is related to the Company, either
          tidak langsung yang berkaitan dengan kegiatan usaha                     directly or indirectly.
          Perseroan.



      Rapat Dewan Komisaris                                                    Board of Commissioners’ Meeting
      Kebijakan Rapat                                                          Meeting Policy
      Berdasarkan pedoman, pelaksanaan rapat Dewan Komisaris                   Based on the guidelines, Board of Commissioners meetings shall
      berdasarkan diselenggarakan minimal 1 kali dalam 2 bulan.                be held at least once every 2 months. Meanwhile, joint meetings
      Sementara itu, rapat gabungan dengan Direksi diselenggarakan             with the Board of Directors shall be held at least once every
      minimal 1 kali dalam 4 bulan, serta menghadiri setiap diadakannya        4 months, and attendance is required at every Annual GMS and
      RUPS Tahunan maupun RUPS lainnya.                                        other GMS.




118       PT Archi Indonesia Tbk
          Laporan Tahunan 2023
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                                                                                                                                     Tata Kelola Perusahaan
                                                                                                                                 Good Corporate Governance




Tingkat Kehadiran Rapat Dewan Komisaris                                                 Board of Commissioners’ Meeting Attendance Level
Selama tahun 2023, Dewan Komisaris telah melaksanakan rapat                             Throughout 2023, the Board of Commissioners held meetings
dengan agenda utama terkait laporan hasil operasional dan                               primarily to discuss operational and financial performance
keuangan untuk periode 2022 dan 2023; informasi sehubungan                              reports for the periods of 2022 and 2023; updates on compliance
dengan kepatuhan dan pembaruan lainnya dari Sekretaris                                  and other matters from the Corporate Secretary and Investor
Perusahaan dan Hubungan Investor; laporan terkait hubungan                              Relations; reports related to external relations; and the latest
eksternal; dan laporan eksplorasi terkini. Adapun frekuensi                             exploration reports. The frequency and attendance level of
dan tingkat kehadiran rapat masing-masing anggota Dewan                                 each member of Board of Commissioners at these meetings are
Komisaris diuraikan sebagai berikut:                                                    outlined as follows:


                                                                                          Rapat Gabungan dengan
                                                    Rapat Dewan Komisaris
                                                                                                  Direksi                             RUPS Tahunan
                                                   Board of Commissioners’
                                                                                            Joint Meeting with                         Annual GMS
                                                           Meeting
        Nama                 Jabatan                                                        Board of Directors
        Name                 Position           Total           Total                   Total         Total                   Total         Total
                                                Rapat         Kehadiran                 Rapat       Kehadiran                 Rapat       Kehadiran
                                                                              (%)                                    (%)                                   (%)
                                                Total           Total                   Total         Total                   Total         Total
                                               Meeting       Attendance                Meeting     Attendance                Meeting     Attendance
                         Komisaris
 Kenneth Ronald          Utama
                                                    6                6       100,00        6             6          100,00       1              1         100,00
 Kennedy Crichton        President
                         Commissioner
                         Wakil Komisaris
                         Utama
 Rizki Indrakusuma                                  6                6       100,00        6             6          100,00       1              1         100,00
                         Vice President
                         Commissioner
                         Komisaris
 Abed Nego                                          6                6       100,00        6             6          100,00       1             1*         100,00
                         Commissioner
                         Komisaris
 Dr. Ir. Bambang         Independen
                                                    6                6       100,00        6             6          100,00       1              1         100,00
 Setiawan                Independent
                         Commissioner
                         Komisaris
                         Independen
 Hamid Awaluddin                                    6                5        83,33        6             5          83,33        1              1         100,00
                         Independent
                         Commissioner
                         Komisaris
                         Independen
 Jhoni Ginting                                      6                6       100,00        6             6          100,00       1             1*         100,00
                         Independent
                         Commissioner
* Berpartisipasi melalui media telekonferensi dengan aplikasi eASY.KSEI
* Participated via teleconference using eASY.KSEI application




Keputusan yang Mendapat Persetujuan                                                     Decisions Approved by the Board of
dari Dewan Komisaris                                                                    Commissioners

Kebijakan terkait dengan keputusan yang perlu mendapat                                  The policies on decisions requiring approval from the Board
persetujuan dari Dewan Komisaris telah tertuang pada Anggaran                           of Commissioners are outlined in the Company’s Articles of
Dasar Perseroan. Adapun keputusan yang dikeluarkan Dewan                                Association. The decisions issued by the Board of Commissioners
Komisaris pada tahun 2023 tersebut diuraikan sebagai berikut:                           in 2023 are as follows:


      No. Surat                      Tanggal                                                            Perihal
    Letter Number                     Date                                                              Subject

 008/ARCHI/9/2023/I           27 September 2023           Penunjukan Akuntan Publik dan/atau Kantor Akuntan Publik Independen untuk memberikan jasa audit
                              September 27, 2023          atas Laporan Keuangan Konsolidasian PT Archi Indonesia Tbk dan Entitas Anak untuk tahun buku yang
                                                          berakhir pada tanggal 31 Desember 2023.
                                                          Appointment of Public Accountant and/or Independent Public Accounting Firm to provide audit services
                                                          for the Consolidated Financial Statements of PT Archi Indonesia Tbk and its Subsidiaries for the fiscal
                                                          year ending on December 31, 2023.




                                                                                                                                     PT Archi Indonesia Tbk
                                                                                                                                           2023 Annual Report
                                                                                                                                                                    119
Page 122
           No. Surat                      Tanggal                                                 Perihal
         Letter Number                     Date                                                   Subject

                                    31 Juli 2023    Pergantian Kepala Unit Audit Internal Perseroan.
       N/A
                                    July 31, 2023   Change of Head of Internal Audit Unit of the Company.

                                    30 Mei 2023     Perolehan Fasilitas Sindikasi Pinjaman Berjangka yang dijamin.
       N/A
                                    May 30, 2023    Acquisition of Syndicated Term Loan Facility with Guarantee.




      Pelaksanaan Tugas Dewan Komisaris                                           Implementation of Board of
                                                                                  Commissioners’ Duties

      Sepanjang tahun 2023, Dewan Komisaris telah melaksanakan                    Throughout 2023, the Board of Commissioners had carried out
      tugas dan tanggung jawabnya yang meliputi:                                  its duties and responsibilities, as follows:
      1. Bidang Pengendalian Internal, meliputi pemantauan atas                   1. Internal Control, including monitoring the implementation of
          pelaksanaan sistem pengendalian internal perusahaan yang                     the Company’s internal control system, which is carried out by
          dilakukan oleh Komite Audit;                                                 the Audit Committee;
      2. Bidang Manajemen Risiko, melalui telaah dan pembahasan                   2. Risk Management, through reviews and discussions on the
          terkait pelaksanaan sistem manajemen risiko di perusahaan;                   implementation of risk management system in the Company;
      3. Bidang GCG, dengan melakukan pengawasan atas efektivitas                 3. Corporate Governance, by monitoring the effectiveness of
          penerapan GCG di perusahaan serta pengawasan pelaksanaan                     GCG implementation in the Company, as well as overseeing
          tindak lanjut rekomendasi hasil penilaian yang telah dilakukan;              the follow-up to recommendations from assessment results;
      4. Bidang Akuntansi dan Laporan Keuangan, meliputi                          4. Accounting and Financial Statements, including the
          pencapaian target pendapatan, harga pokok penjualan,                         achievement of revenue target, cost of goods sold, efficiency
          program efisiensi, serta laba, arus kas, dan indikator                       programs, as well as profit, cash flow, and other financial
          keuangan lainnya;                                                            indicators;
      5. Bidang Pengadaan, meliputi pengawasan belanja modal                      5. Procurement, including supervision of capital expenditure
          dan biaya operasional yang berkaitan dengan ketersediaan                     and operating expenditure that are related to availability of
          barang untuk operasional plant site; dan                                     goods for plant site operations; and
      6. Bidang Mutu dan Layanan, dengan melakukan pembahasan                     6. Quality and Services, by having discussions and providing
          dan memberikan arahan kepada Direksi terkait peningkatan                     guidance to the Board of Directors on improvement of quality
          mutu dan layanan kepada pelanggan.                                           and services to customers.



      Penilaian Kinerja Komite di bawah                                           Assessment of Committees under
      Dewan Komisaris                                                             the Board of Commissioners

      Dalam menjalankan tugas dan tanggung jawabnya, Dewan                        In carrying out its duties and responsibilities, the Board of
      Komisaris dibantu oleh Komite Audit, Komite Etik, serta Komite              Commissioners is assisted by the Audit Committee, Ethics
      Nominasi dan Remunerasi. Setiap tahun Dewan Komisaris                       Committee, and Nomination and Remuneration Committee. Every
      memberikan penilaian terhadap kinerja masing-masing komite                  year, the Board of Commissioners evaluates the performance of
      tersebut sesuai dengan tugas dan tanggung jawabnya.                         each committee according to its duties and responsibilities.
      1. Komite Audit bertanggung jawab untuk memberikan                          1. The Audit Committee is responsible for providing professional
          pendapat profesional dan independen sehubungan dengan                       and independent opinions in relation to the Board of
          fungsi pengawasan oleh Dewan Komisaris.                                     Commissioners’ supervisory functions.
      2. Komite Etik bertanggung jawab untuk memberikan otorisasi                 2. The Ethics Committee is resposible for authorizing or
          atau melakukan investigasi kasus pelanggaran etika,                         investigating cases of ethical violations, fraud, and other
          kecurangan, dan hal lain yang sejenis, yang dilakukan oleh                  similar or relevant matters involving the Board of Directors,
          Direksi, karyawan, dan/atau vendor.                                         employees, and/or vendors.
      3. Komite Nominasi dan Remunerasi bertanggung jawab untuk                   3. The Nomination and Remuneration Committee is responsible
          memberikan supervisi dan evaluasi terkait kinerja Direksi                   for supervising and evaluating the performance of the
          dan/atau Dewan Komisaris guna merumuskan kebijakan                          Board of Directors and/or the Board of Commissioners, in
          nominasi dan remunerasi bagi masing-masing anggota                          order to develop nomination and remuneration policies for
          manajemen serta mengajukan kandidat anggota Direksi dan/                    each member of the management and propose candidates
          atau Dewan Komisaris baru dalam RUPS.                                       for the members of Board of Directors and/or the Board of
                                                                                      Commissioners to be submitted at the GMS.




120          PT Archi Indonesia Tbk
             Laporan Tahunan 2023
Page 123
                                                                                                         Tata Kelola Perusahaan
                                                                                                     Good Corporate Governance




Prosedur Penilaian Kinerja                                       Performance Assessment Procedure
Prosedur penilaian kinerja komite di bawah Dewan Komisaris       Performance assessment procedures for committees under the
dilakukan secara kualitatif, meliputi evaluasi dan rekomendasi   Board of Commissioners are conducted qualitatively, involving
rencana program kerja tahunan yang diajukan dengan realisasi     the evaluation and recommendation of the proposed annual work
kinerja masing-masing komite. Evaluasi terhadap kinerja          plans along with the performance realization of each committee.
anggota Komite dilakukan sesuai dengan ketetapan rapat Dewan     Performance evaluation of committee members is conducted in
Komisaris.                                                       accordance with the decisions of the Board of Commissioners’
                                                                 meetings.

Kriteria Penilaian Kinerja                                       Performance Assessment Criteria
Kriteria penilaian kinerja komite di bawah Dewan Komisaris       The criteria for evaluating the performance of committees
didasari oleh perbandingan pencapaian kinerja masing-masing      under the Board of Commissioners are based on comparing the
komite, keaktifan dalam menjalankan tugas, kehadiran dalam       performance achievements of each committee, the activeness
rapat, serta bobot laporan dan rekomendasi yang diberikan        in performing duties, attendance at meetings, and the weight of
selama 1 tahun buku.                                             reports and recommendations provided during one fiscal year.

Hasil Penilaian                                                  Assessment Result
Hasil penilaian yang dilakukan pada tahun 2023 menyatakan        The assessment results conducted in 2023 indicate that the Audit
bahwa Komite Audit, Komite Etik, serta Komite Nominasi dan       Committee, Ethics Committee, and Nomination and Remuneration
Remunerasi telah membantu pelaksanan tugas Dewan Komisaris       Committee have effectively assisted the Board of Commissioners
dengan baik. Hasil tersebut menjadi bahan penilaian untuk        in carrying out their duties. These results serve as an assessment
perpanjangan masa kerja anggota komite tahun berikutnya. Dari    basis for extending the tenure of committee members for the
sisi kehadiran dalam rapat, seluruh anggota komite senantiasa    following year. In terms of attendance at meetings, all committee
hadir dan berperan dengan baik.                                  members consistently attend and actively participate.


Hasil audit juga menunjukkan tidak adanya temuan yang            The audit findings also revealed no significant issues with the
signifikan dalam proses bisnis Perseroan. Hal ini juga           Company’s business processes. It also shows that the committees
membuktikan bahwa komite-komite di bawah Dewan Komisaris         under the Board of Commissioners worked in accordance
telah bekerja sesuai fungsinya masing-masing sambil tetap        with their respective functions, while ensured the Company’s
memastikan kepatuhan Perseroan terhadap peraturan hukum          compliance with applicable legal and statutory regulations.
dan perundang-undangan yang berlaku.




Direksi
Board of Directors


Direksi adalah organ Perseroan yang berwenang dan bertanggung    The Board of Directors is the Company’s organ authorized and
jawab penuh atas pengurusan Perseroan demi kepentingan           entirely responsible for managing the Company for the benefit
Perseroan, sesuai dengan maksud dan tujuan Perseroan serta       of the Company, as per the Company’s aims and objectives and
mewakili Perseroan, baik di dalam maupun di luar pengadilan      representing the Company, both within and outside the court, in
sesuai dengan ketentuan Anggaran Dasar.                          accordance with the provisions of the Articles of Association.



Pedoman Kerja Direksi                                            Board of Directors’ Charter

Dalam melaksanakan tugas dan tanggung jawabnya, Direksi          In carrying out the duties and responsibilities, the Board of
Perseroan mengacu pada pedoman kerja yang ditujukan untuk        Directors of the Company refers to charter aimed at providing
memberikan arahan dalam melaksanakan tugas dan tanggung          guidance in fulfilling the duties and responsibilities. These
jawabnya. Pedoman tersebut disusun berdasarkan Undang-           guidelines are developed based on the Limited Liability
Undang Perseroan Terbatas, Undang-Undang Pasar Modal,            Company Law, Capital Market Law, Financial Services Authority
Peraturan Otoritas Jasa Keuangan, Peraturan Bursa Efek           Regulations, Indonesia Stock Exchange Regulations, and the
Indonesia, dan Anggaran Dasar Perseroan, yang telah ditinjau     Company’s Articles of Association, which have been reviewed
dan disesuaikan dengan kondisi industri masa kini guna menjaga   and adjusted to current industry conditions to maintain their
relevansinya.                                                    relevance.


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      Pedoman Direksi antara lain mencakup ketentuan mengenai               The Board of Director’s Charter includes provisions on duties and
      tugas dan wewenang Direksi, standar etika, jumlah anggota,            authorities of Board of Directors, ethical standards, number of
      proses pengangkatan, masa jabatan dan pengunduran diri, tata          members, appointment process, terms of office and resignation,
      cara rapat, hingga proses pertanggungjawaban kinerja.                 meeting procedures, and performance accountability processes.



      Tugas dan Wewenang Direksi serta                                      Duties and Responsibilities of Board of
      Realisasi Pelaksanaan Tugas Direksi                                   Directors and Realization of the Duties

      Selama tahun 2023, Direksi telah melaksanakan tugas dan               Throughout 2023, the Board of Directors fulfilled its duties and
      tanggung jawabnya, yaitu:                                             responsibilities, as follows:
      1. Menjalankan dan bertanggung jawab atas pengurusan usaha            1. Managing and being responsible for the management of the
          Perseroan untuk kepentingan bersama sesuai dengan                     Company’s business for the common interest in accordance
          maksud dan tujuan yang telah ditetapkan dalam Anggaran                with the purpose and objectives set forth in the Articles of
          Dasar, terkait:                                                       Association, related to:
          a. Penyusunan visi, misi, nilai-nilai, serta rencana strategis;       a. Formulating the vision, mission, values, and strategic plans;
          b. Penetapan struktur organisasi beserta rincian tugas,               b. Determining the organizational structure along with the
              wewenang, dan tanggung jawabnya;                                        details of duties, authorities, and responsibilities;
          c. Pengendalian dan pengembangan seluruh sumber daya                  c. Controlling and developing all Company resources
              yang dimiliki Perseroan secara efektif dan efisien;                     effectively and efficiently;
          d. Penyusunan dan pelaporan Laporan Keuangan berkala;                 d. Preparation and reporting periodic Financial Statements;
          e. Penetapan dividen interim dan dividen final;                       e. Determining interim and final dividends;
          f. Pembentukan sistem pengendalian internal dan                       f. Establishing internal control system and risk
              manajemen risiko;                                                       management;
          g. Pelaksanaan tanggung jawab sosial; dan                             g. Fulfilling social responsibilities; and
          h. Pengelolaan dan pemeliharaan Pemegang Saham.                       h. Managing and maintaining Shareholders.
      2. Melaksanakan tugas dan tanggung jawab dengan itikad baik dan       2. Performing duties and responsibilities with good faith and
          penuh tanggung jawab dalam menjalankan tugasnya dengan                full responsibility in carrying out the tasks in accordance with
          ketentuan peraturan perundang-undangan yang berlaku;                  applicable laws and regulations;
      3. Mewakili Perseroan di dalam dan di luar pengadilan tentang         3. Representing the Company in and out of court regarding
          segala hal dan dalam segala kejadian yang mengikat dengan             all matters and events binding with other parties, whether
          pihak lain, baik mengenai kepengurusan maupun kepemilikan,            regarding management or ownership, within certain limits;
          dengan batasan tertentu; serta                                        and
      4. Hal-hal lainnya yang belum diatur dalam Anggaran Dasar             4. Be in charge of other matters not regulated in the Articles of
          tetap mengacu pada Peraturan Otoritas Jasa Keuangan dan               Association, by still adhering to the Financial Services Authority
          ketentuan serta peraturan perundang-undangan lainnya yang             Regulations and other applicable laws and regulations.
          berlaku.



      Ruang Lingkup Pekerjaan, Tugas,                                       Scope of Work, Duties, and
      dan Tanggung Jawab Masing-masing                                      Responsibilities of Each Member of the
      Anggota Direksi                                                       Board of Directors

      Untuk menjalankan tugas dan tanggung jawabnya dengan lebih            To carry out the duties and responsibilities more optimally,
      optimal, Direksi menetapkan pembagian tugas dan tanggung              the Board of Directors establishes a division of duties and
      jawab masing-masing anggota Direksi sesuai dengan keahliannya         responsibilities for each member of the Board of Directors
      masing-masing serta melakukan peninjauan dan pembaruan atas           according to the respective expertise and periodically reviews
      pembagian peran dan tanggung jawab ini dari waktu ke waktu.           and updates this division of duties and responsibilities over
      Pembagian tugas dan tanggung jawab anggota Direksi pada tahun         time. The division of duties and responsibilities of the Board of
      2023 sebagai berikut:                                                 Directors members in 2023 are as follows:


                    Nama                                Jabatan                           Membawahi Tugas dan Tanggung Jawab
                    Name                                Position                              Duties and Responsibilities
       Rudy Suhendra                     Direktur Utama                       •   Executive Secretary;
                                         President Director                   •   Chief Executive Officer Office;
                                                                              •   Head Internal Audit Unit;
                                                                              •   Legal Group Head; dan / and
                                                                              •   Human Capital & Corporate Services Group Head.




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              Nama                                Jabatan                                Membawahi Tugas dan Tanggung Jawab
              Name                                Position                                   Duties and Responsibilities
 Christian Emanuel David Sompie   Direktur                                   Sustainability & External Affairs Group Head.
                                  Director

 Hidayat Dwiputro Sulaksono       Direktur                                   •   Deputy CFO;
                                  Director                                   •   Corporate Secretary;
                                                                             •   Investor Relations Manager;
                                                                             •   Finance Group Head;
                                                                             •   Information Technology Group Head; dan / and
                                                                             •   Sales Department
 Scott Gerald Atkinson            Direktur                                   •   Exploration Group Head;
                                  Director                                   •   HSE & Formalities Group Head;
                                                                             •   Underground Group Head;
                                                                             •   Open Pit Mining Group Head;
                                                                             •   Mining Planning Group Head; dan / and
                                                                             •   Process, Metallurgy, & Maintenance Group Head.




Komposisi dan Masa Jabatan Direksi                                         Composition and Term of Office of Board
                                                                           of Directors

Direksi diangkat dan diberhentikan pada saat RUPS dengan                   The Board of Directors is appointed and dismissed during the
masa jabatan selama 5 tahun dan dapat diangkat kembali dengan              General Meeting of Shareholders (GMS) for a term of 5 years
mempertimbangkan aspek integritas, kompetensi, dan reputasi                and may be reappointed, considering aspects of integrity,
yang memadai sesuai dengan kebutuhan bisnis Perseroan.                     competence, and adequate reputation in line with the Company’s
Berikut komposisi Direksi per tanggal 31 Desember 2023:                    business needs. The composition of the Board of Directors as of
                                                                           December 31, 2023, is as follows:


              Nama                    Jabatan                Dasar Hukum Pengangkatan Terakhir Kali                          Periode Menjabat
              Name                    Position                Legal Basis of the Latest Appointment                           Term of Office
                                  Direktur Utama       Keputusan RUPS Tahunan tanggal 26 April 2022
 Rudy Suhendra                                                                                                                  2022-2027
                                  President Director   Annual GMS resolutions dated April 26, 2022
                                  Direktur             Keputusan RUPS Tahunan tanggal 26 April 2022
 Christian Emanuel David Sompie                                                                                                 2022-2027
                                  Director             Annual GMS resolutions dated February 9, 2021
                                  Direktur             Keputusan RUPS Tahunan tanggal 26 April 2022
 Hidayat Dwiputro Sulaksono                                                                                                     2022-2027
                                  Director             Annual GMS resolutions dated April 26, 2022
                                  Direktur             Keputusan RUPS Tahunan tanggal 26 April 2022
 Scott Gerald Atkinson                                                                                                          2022-2027
                                  Director             Annual GMS resolutions dated April 26, 2022




Rapat Direksi                                                              Board of Directors’ Meeting
Kebijakan Rapat Direksi                                                    Board of Directors’ Meeting Policy
Sesuai dengan pedoman kerja, Direksi wajib melakukan rapat                 Pursuant to the Charter, the Board of Directors is required to hold a
paling sedikit 1 kali dalam 1 bulan, serta setiap saat apabila             meeting at least once a month and at any time deemed necessary.
dipandang perlu. Sedangkan, rapat gabungan bersama Dewan                   While, joint meetings with the Board of Commissioners must be
Komisaris paling sedikit 1 kali dalam 4 bulan, serta menghadiri            held at least once every 4 months. Apart from that, the Board of
setiap diadakannya RUPS Tahunan maupun RUPS lainnya.                       Directors is also required to attend the Annual GMS and other GMS.

Tingkat Kehadiran Rapat Direksi                                            Board of Directors’ Meeting Attendance Level
Selama tahun 2023, Direksi telah melaksanakan rapat dengan                 Throughout 2023, the Board of Directors held meetings primarily
agenda utama terkait laporan hasil operasional dan keuangan                to discuss operational and financial performance reports for
untuk periode 2022 dan 2023; informasi sehubungan dengan                   the periods of 2022 and 2023; updates on compliance and other
kepatuhan dan pembaruan lainnya dari Sekretaris Perusahaan                 matters from the Corporate Secretary and Investor Relations;
dan Hubungan Investor; laporan terkait hubungan eksternal;                 reports related to external relations; and the latest exploration
dan laporan eksplorasi terkini. Adapun frekuensi dan tingkat               reports. The frequency and attendance level of each member of
kehadiran rapat masing-masing anggota Direksi diuraikan                    Board of Directors at these meetings are outlined as follows:
sebagai berikut:




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                                                                           Rapat Gabungan dengan
                                           Rapat Dewan Direksi                 Dewan Komisaris                       RUPS Tahunan
                                        Board of Directors’ Meeting       Joint Meeting with Board of                 Annual GMS
            Nama            Jabatan                                             Commissioners
            Name            Position    Total       Total                 Total       Total                 Total         Total
                                        Rapat     Kehadiran               Rapat     Kehadiran               Rapat       Kehadiran
                                                                (%)                                (%)                                (%)
                                        Total       Total                 Total       Total                 Total         Total
                                       Meeting   Attendance              Meeting   Attendance              Meeting     Attendance
                           Direktur
                           Utama
       Rudy Suhendra                     12          12        100,00       6           6         100,00       1            1        100,00
                           President
                           Director

       Christian Emanuel   Direktur
                                         12          12        100,00       6           6         100,00       1            1        100,00
       David Sompie        Director

       Hidayat Dwiputro    Direktur
                                         12          12        100,00       6           6         100,00       1            1        100,00
       Sulaksono           Director

       Scott Gerald        Direktur
                                         12          12        100,00       6           6         100,00       1            1        100,00
       Atkinson            Director



      Penilaian Kinerja Komite di bawah Direksi                             Assessment of Committees under the
                                                                            Board of Directors

      Dalam menjalankan tugas dan tanggung jawabnya, Direksi dibantu        In carrying out its duties and responsibilities, the Board of
      oleh Komite Pengeluaran dan Komite Investasi. Setiap tahun            Directors is assisted by the Expenditure Committee and
      Direksi akan memberikan penilaian terhadap kinerja masing-            Investment Committee. Every year, the Board of Directors
      masing komite tersebut sesuai dengan tugas dan tanggung               evaluates the performance of each committee according to its
      jawabnya.                                                             duties and responsibilities.

      Prosedur Penilaian Kinerja                                            Performance Assessment Procedure
      Prosedur penilaian kinerja komite di bawah Direksi dilakukan          Performance assessment procedures for committees under the
      secara kualitatif dengan menggunakan metode evaluasi sesuai           Board of Directors are conducted qualitatively, using evaluation
      ketetapan rapat Direksi.                                              methods according to the Board of Directors’ meeting decisions.

      Kriteria Penilaian Kinerja                                            Performance Assessment Criteria
      Kriteria penilaian kinerja komite di bawah Direksi didasari oleh      The criteria for evaluating the performance of committees under
      perbandingan pencapaian kinerja masing-masing komite,                 the Board of Directors are based on comparing the performance
      keaktifan dalam menjalankan tugas, kehadiran dalam rapat, serta       achievements of each committee, the activeness in performing
      bobot laporan dan rekomendasi yang diberikan selama satu tahun        duties, attendance at meetings, and the weight of reports and
      buku.                                                                 recommendations provided during one fiscal year.

      Hasil Penilaian                                                       Assessment Result
      Hasil penilaian yang dilakukan pada tahun 2023 menyatakan             The assessment results conducted in 2023 indicate that the
      bahwa Komite Pengeluaran dan Komite Investasi telah membantu          Expenditure Committee and Invesment Committee have
      pelaksanan tugas Direksi dengan baik. Hasil tersebut menjadi          effectively assisted the Board of Directors in carrying out their
      bahan penilaian untuk perpanjangan masa kerja anggota komite          duties. These results serve as an assessment basis for extending
      tahun berikutnya. Dari sisi kehadiran dalam rapat, seluruh            the tenure of committee members for the following year. In terms
      anggota komite senantiasa hadir dan berperan dengan baik.             of attendance at meetings, all committee members consistently
                                                                            attend and actively participate.


      Hasil audit juga menunjukkan tidak adanya temuan yang                 The audit findings also revealed no significant issues with the
      signifikan dalam proses bisnis Perseroan. Hal ini juga                Company’s business processes. It also shows that the committees
      membuktikan bahwa komite-komite di bawah Direksi telah                under the Board of Directors worked in accordance with their
      bekerja sesuai fungsinya masing-masing sambil tetap                   respective functions, while ensured the Company’s compliance
      memastikan kepatuhan Perseroan terhadap peraturan hukum               with applicable legal and statutory regulations.
      dan perundang-undangan yang berlaku.




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Penilaian Kinerja Dewan Komisaris dan Direksi
Board of Commissioners’ and Board of Directors’ Performance Assessment



                  Dewan Komisaris                                                                              Direksi
               Board of Commissioners                                                                     Board of Directors

Penilaian mandiri Dewan Komisaris telah dilakukan             Prosedur dan Pihak yang   Penilaian mandiri Direksi telah dilakukan pada akhir tahun
pada akhir tahun sebagai alat untuk menilai sendiri (self       Melakukan Penilaian     sebagai alat untuk menilai sendiri (self assessment) pada
assessment) pada tahun 2023 dengan tingkat akuntabilitas      Procedures and Parties    tahun 2023 dengan tingkat akuntabilitas yang tinggi.
yang tinggi. Penilaian tersebut dilakukan oleh setiap         Conducting Assessment     Penilaian tersebut dilakukan oleh setiap anggota Direksi
anggota Dewan Komisaris untuk menilai kinerja mereka                                    untuk menilai kinerja mereka secara kolektif, bukan secara
secara kolektif, bukan secara individual.                                               individual.
The Board of Commissioners conducted a self-assessment                                  The Board of Directors conducted a self-assessment
at the end of the year as a tool for self-evaluating its                                at the end of the year as a tool for self-evaluation of its
performance in 2023 with a high level of accountability.                                performance in 2023 with a high level of accountability.
Each member of the Board of Commissioners conducts                                      Each member of the Board of Directors conducts such
such assessments in order to evaluate the performance                                   assessments in order to evaluate the performance
collectively rather than individually.                                                  collectively rather than individually.

1. Pemenuhan kriteria sebagai anggota Dewan Komisaris;           Kriteria Penilaian     1. Pemenuhan kriteria sebagai anggota Direksi;
2. Hasil pengawasan implementasi GCG Perseroan;                 Assessment Criteria     2. Hasil pengawasan implementasi GCG Perseroan;
3. Pelaksanaan ketentuan rangkap jabatan;                                               3. Pelaksanaan ketentuan rangkap jabatan;
4. Pelaksanaan tugas dan tanggung jawab; serta                                          4. Pelaksanaan tugas dan tanggung jawab; serta
5. Kehadiran dalam rapat.                                                               5. Kehadiran dalam rapat.
1. Fulfillment of criteria as a member of the Board of                                  1. Fulfillment of criteria as a member of the Board of
   Commissioners;                                                                          Directors;
2. Supervision results of the implementation of the                                     2. Supervision results of the implementation of the
   Company’s GCG;                                                                          Company’s GCG;
3. Implementation of terms of concurrent positions;                                     3. Implementation of terms of concurrent positions;
4. Implementation of duties and responsibilities; and                                   4. Implementation of duties and responsibilities; and
5. Attendance of meetings.                                                              5. Attendance of meetings.

Pada tahun 2023, hasil self assessment yang dilakukan             Hasil Penilaian       Pada tahun 2023, Direksi telah menjalankan fungsinya
Dewan Komisaris menunjukkan bahwa pemenuhan tugas               Assessment Result       sebagai pengelola kegiatan usaha Perseroan dengan baik
dan tanggung jawab telah dilakukan dengan baik, serta                                   sesuai rencana kerja Perseroan, seperti memberikan
telah mencapai target yang ditentukan oleh Perseroan.                                   kontribusi dalam melakukan aktivitas bisnis Perseroan,
Hasil penilaian kinerja tersebut akan dijadikan dasar dalam                             terlibat secara aktif dalam menyelesaikan penugasan-
pemberian remunerasi, pemberhentian dan/atau menunjuk                                   penugasan tertentu, serta mencapai target bisnis yang
kembali anggota Dewan Komisaris yang bersangkutan,                                      telah ditetapkan.
serta perbaikan tata kelola untuk meningkatkan efektivitas                              In 2023, the Board of Directors successfully carried out
kinerja Dewan Komisaris.                                                                its function as managers of the Company’s business
In 2023, the results of self-assessment conducted by the                                activities in accordance with the Company’s work plan. They
Board of Commissioners indicated that the fulfillment                                   contributed to the Company’s business activities, actively
of duties and responsibilities had been performed well                                  participated in completing specific assignments, and
and had achieved the targets set by the Company. These                                  achieved the predetermined business targets.
performance assessment results will serve as the basis
for remuneration, termination, and/or reappointment of
the respective members of the Board of Commissioners,
as well as for governance improvements to enhance the
effectiveness of the Board of Commissioners’ performance.




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      Pelatihan dan/atau Peningkatan Kompetensi
      Dewan Komisaris dan Direksi
      Competency Training and/or Development for the Board of Commissioners
      and Board of Directors



      Kebijakan Pelatihan dan/atau                                                     Policy on Competency Training and/
      Peningkatan Kompetensi                                                           or Development for the Board of
      Dewan Komisaris dan Direksi                                                      Commissioners and Board of Directors

      Dalam rangka memastikan tugas dan tanggung jawab anggota                         In order to ensure that the Board of Commissioners and Board of
      Dewan Komisaris dan Direksi dilaksanakan secara efektif dan                      Directors’ duties and responsibilities are performed effectively
      efisien serta sejalan dengan perkembangan bisnis terkini, Perseroan              and efficiently in line with the latest business developments, the
      meyakini peningkatan kompetensi anggota Dewan Komisaris dan                      Company believes that increasing their competency needs to
      Direksi perlu dilakukan secara berkelanjutan. Salah satu kegiatan                be carried out on an ongoing basis. One activity to increase this
      peningkatan kapabilitas tersebut adalah dengan mengikutsertakan                  capability is by involving the Company’s Board of Commissioners
      Dewan Komisaris dan Direksi Perseroan dalam program pelatihan,                   and Board of Directors in training programs, workshops,
      workshop, seminar, conference, dan lain sebagainya.                              seminars, conferences, and so on.



      Pelatihan dan/atau Peningkatan                                                   Competency Training and/or Development
      Kompetensi Dewan Komisaris dan Direksi                                           for the Board of Commissioners and
                                                                                       Board of Directors

      Informasi terkait pelatihan dan/atau peningkatan kompetensi                      Information on competency training and/or development
      yang diikuti oleh Dewan Komisaris dan Direksi di tahun 2023                      programs attended by the Board of Commissioners and Board of
      dapat dilihat pada tabel berikut:                                                Directors in 2023 is disclosed in the following table:


              Nama                    Materi Pengembangan Kompetensi                          Waktu           Tempat                  Penyelenggara
              Name                    Competency Development Material                         Date             Venue                    Organizer

       DEWAN KOMISARIS / BOARD OF COMMISSIONERS

       Kenneth Ronald            Site Audit & Report, Review Underground Project at     November         Manado, Indonesia    Archi
       Kennedy Crichton          Kopra
       Komisaris Utama           Site Audit & Report, Review Resource Remodelling       Agustus          Manado, Indonesia    Archi
       President                                                                        August
       Commissioner
                                 Annual General Meeting of Shareholders & Public        Juni             Jakarta, Indonesia   Archi
                                 Expose 2023                                            June

                                 Site Audit & Report                                    Mei              Manado, Indonesia    Archi
                                                                                        May

                                 Jakarta Meetings                                       Maret            Jakarta, Indonesia   Archi
                                                                                        March

                                 Site Audit & Report                                    Februari         Manado, Indonesia    Archi
                                                                                        February

       Rizki Indrakusuma         CEO Mentor Forum                                       Desember         Jakarta, Indonesia   PT Rajawali Corpora
       Wakil Komisaris Utama                                                            December
       Vice President            International Arbitration at the Permanent Court of    September        Jakarta, Indonesia   De Brauw Blackstone
       Commissioners             Arbitration                                                                                  Westbroek

                                 RC Group IA Training Session: Fraud Interview &        Juni             Webinar              PT Rajawali Corpora
                                 Internal Audit Standards                               June

                                 Annual General Meeting of Shareholders & Public        Juni             Jakarta, Indonesia   Archi
                                 Expose 2023                                            June

                                 Employment Law Year in Review                          Maret            Webinar              Drew Network Asia
                                                                                        March




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       Nama                 Materi Pengembangan Kompetensi                          Waktu        Tempat                    Penyelenggara
       Name                 Competency Development Material                         Date          Venue                      Organizer

Abed Nego              UBP Investment      Update   2023     -   Accelerating   September   Jakarta, Indonesia     UBP Investment
Komisaris              Transformation
Commissioner           Annual General Meeting of Shareholders & Public          Juni        Jakarta, Indonesia     Archi
                       Expose 2023                                              June

                       DBS Asian Insights Forum 2023                            Maret       Jakarta, Indonesia     Bank DBS
                                                                                March

                       Mandiri Investment Forum – Prevailing Over Turbulance    Februari    Jakarta, Indonesia     Bank Mandiri
                                                                                February

Dr. Ir. Bambang        Indonesia Mining Summit                                  Oktober     Bali, Indonesia        Indonesian Mining
Setiawan                                                                        October                            Association
Komisaris Independen   PYC International Energy Conference                      September   Jakarta, Indonesia     The Purnomo Yusgiantoro
Independent                                                                                                        Center
Commissioner
                       Metals Magnified – Analyzing Key Market and              Agustus     Jakarta, Indonesia     The Djakarta Mining Club
                       Indonesia’s Prospects                                    August

                       Annual General Meeting of Shareholders & Public          Juni        Jakarta, Indonesia     Archi
                       Expose 2023                                              June

                       Round Table Discussion – Current CSR Issues              April       Jakarta, Indonesia     Indonesian Mining
                                                                                                                   Association

                       Perkembangan Lanskap Perpajakan Terkini dan              April       Webinar                Indonesia Mining Services
                       Dampaknya bagi Sektor Pertambangan                                                          Association
                       Recent Developments in Taxation Landscape and
                       Their Implications for the Mining Sector

                       Annual Report Award 2022 – Integrated Mindset            April       Webinar                Ikatan Akuntansi Indonesia
                       Toward Sustainability for Long-Term Value Creation                                          Institute of Indonesia
                                                                                                                   Chartered Accountants

                       Tantangan Industri Tambang Mineral dan Logam             Maret       Webinar                Asosiasi Pertambangan
                       Nasional di Tengah Pertumbuhan Investasi yang            March                              Mining Association
                       Pesat
                       Challenges Faced by the National Mineral and Metal
                       Mining Industry Amid Rapid Investment Growth

Hamid Awaluddin        Pengakuan Agus Rahardjo Soal Jokowi dan Setya            Desember    Jakarta, Indonesia     Kompas TV
Komisaris Independen   Novanto                                                  December
Independent            Agus Rahardjo’s Confession Regarding Jokowi and
Commissioner           Setya Novanto

                       Pembicara pada Konferensi Internasional Asia –           November    Hanoi, Vietnam         Palang Merah Internasional
                       Pasifik, Palang Merah Internasional                                                         International Red Cross
                       Speaker at Asia-Pacific International Conference,
                       International Red Cross

                       Nostalgia Damaikan Aceh di Finlandia                     November    Helsinki, Finlandia    Kementerian Luar Negeri
                       Nostalgia of Aceh Peacekeeping in Finland                                                   Finlandia
                                                                                                                   Ministry for Foreign Affairs
                                                                                                                   of Finland

                       Dinasti Jokowi Meninggalkan Megawati                     Oktober     Jakarta, Indonesia     Kompas TV
                       Jokowi Dynasty Leaving Megawati                          October

                       Hamid Awaluddin Ingatkan Presiden Jokowi Buktikan        Oktober     Jakarta, Indonesia     Kompas TV
                       Pemilu 2024 Bisa Diprecaya!                              October
                       Hamid Awaluddin Reminds President Jokowi to
                       Prove that the 2024 Election Can Be Trusted!

                       Penjelasan Soal Definisi Dinasti Politik Jokowi          Oktober     Jakarta, Indonesia     Kompas TV
                       Explanation Regarding the Definition of Jokowi           October
                       Political Dynasty

                       Abuse of Power di Dinasti Jokowi, Beda dengan            Oktober     Jakarta, Indonesia     Kompas TV
                       Dinasti Gandhi di India                                  October
                       Abuse of Power in Jokowi Dynasty, Different from
                       Gandhi Dynasty in India

                       Annual General Meeting of Shareholders & Public          Juni        Jakarta, Indonesia     Archi
                       Expose 2023                                              June




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                  Nama                Materi Pengembangan Kompetensi                       Waktu            Tempat                  Penyelenggara
                  Name                Competency Development Material                      Date              Venue                    Organizer

       Jhoni Ginting             Annual General Meeting of Shareholders & Public       Juni            Jakarta, Indonesia   Archi
       Komisaris Independen      Expose 2023                                           June
       Independent
       Commissioner

       DIREKSI / BOARD OF DIRECTORS

       Rudy Suhendra             Annual General Meeting of Shareholders & Public       Juni            Jakarta, Indonesia   Archi
       Direktur Utama            Expose 2023                                           June
       President Director

       Christian Emanuel         Annual General Meeting of Shareholders & Public       Juni            Jakarta, Indonesia   Archi
       David Sompie              Expose 2023                                           June
       Direktur
       Director

       Hidayat Dwiputro          Annual General Meeting of Shareholders & Public       Juni            Jakarta, Indonesia   Archi
       Sulaksono                 Expose 2023                                           June
       Direktur                  BSI Global Islamic Finance Summit: Islamic Finance    Februari        Jakarta, Indonesia   Bank Syariah Indonesia
       Director                  for Real Sector Development                           February

       Scott Gerald Atkinson     Annual General Meeting of Shareholders & Public       Juni            Jakarta, Indonesia   Archi
       Direktur                  Expose 2023                                           June
       Director




      Nominasi dan Remunerasi Dewan Komisaris
      dan Direksi
      Nomination and Remuneration for the Board of Commissioners
      and the Board of Directors


      Nominasi Dewan Komisaris dan Direksi                                            Board of Commissioners and Board of
                                                                                      Directors Nomination
      Kebijakan Nominasi                                                              Nomination Policy
      Perseroan memiliki kebijakan mengenai nominasi Dewan                            The Company has a policy on the nomination of Board of
      Komisaris dan Direksi yang dilaksanakan melalui proses                          Commissioners and Board of Directors, which is implemented
      penetapan bakal calon Dewan Komisaris dan Direksi, yang dibantu                 through the process of determining prospective candidates for
      dan diusulkan oleh Komite Nominasi dan Remunerasi. Proses                       the Board of Commissioners and Board of Directors, assisted
      rekomendasi tersebut dilakukan dengan merujuk pada ketentuan                    and proposed by the Nomination and Remuneration Committee.
      Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2014 tentang                    The recommendation process is carried out with reference to the
      Komite Nominasi dan Remunerasi Emiten atau Perusahaan                           provisions of the Financial Services Authority Regulation No. 34/
      Publik.                                                                         POJK.04/2014 on Nomination and Remuneration Committee of
                                                                                      Issuers or Public Companies.

      Proses Nominasi                                                                 Nomination Process
      Pelaksanaan nominasi dilakukan sesuai dengan ketentuan yang                     The nomination is carried out in accordance with the established
      telah ditetapkan, yaitu:                                                        provisions, as follows:
      1. Menyusun komposisi dan proses nominasi anggota Direksi                       1. Create the composition and nomination process for members
          dan/atau Dewan Komisaris;                                                       of the Board of Directors and/or members of the Board of
                                                                                          Commissioners;
      2. Menyusun kebijakan dan kriteria yang dibutuhkan dalam                        2. Set up policies and criteria required for nomination process
         proses nominasi calon anggota Direksi dan/atau Dewan                             of candidates for members of the Board of Directors and/or
         Komisaris;                                                                       members of the Board of Commissioners;




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                                                                                                       Good Corporate Governance




3. Membantu pelaksanaan evaluasi atas kinerja anggota Direksi      3. Assist with the performance evaluation of members of
   dan/atau Dewan Komisaris;                                          the Board of Directors and members of the Board of
                                                                      Commissioners;
4. Menyusun program pengembangan kemampuan anggota                 4. Establish capacity development programs for members
   Direksi dan/atau Dewan Komisaris; serta                            of the Board of Directors and/or members of the Board of
                                                                      Commissioners; and
5. Menelaah dan mengusulkan calon yang memenuhi syarat             5. Review and propose candidates that meet all requirements
   sebagai anggota Direksi dan/atau Dewan Komisaris pada saat         as members of the Board of Directors and/or members of the
   RUPS.                                                              Board of Commissioners and submit their names to the GMS.

Program Orientasi bagi Dewan Komisaris dan                         Orientation Program for New Members of the
Direksi yang Baru                                                  Board of Commissioners and Board of Directors
Sekretaris Perusahaan memfasilitasi program orientasi untuk        The Corporate Secretary facilitates an orientation program for
setiap anggota Komisaris dan Direksi baru mengenai Perseroan,      each new member of the Board of Commissioners and Board
bisnis, lingkungan, serta masing-masing tugas dan tanggung         of Directors regarding the Company, its business, environment,
jawab. Pada tahun 2023, Perseroan tidak melaksanakan program       as well as the respective roles and responsibilities. In 2023, the
pengenalan Perseroan bagi Dewan Komisaris dikarenakan tidak        Company did not conduct an orientation program for the Board
terdapat pengangkatan anggota Komisaris dan Direksi baru.          of Commissioners because there were no appointments of new
                                                                   members to the Board of Commissioners and Directors.



Remunerasi Dewan Komisaris dan Direksi                             Remuneration for the Board of
                                                                   Commissioners and Board of Directors
Prosedur Penetapan Remunerasi                                      Procedure for Determining Remuneration
Penetapan remunerasi bagi Dewan Komisaris dan Direksi              The determination of remuneration for the Board of
Perseroan telah mengikuti aturan yang berlaku, dengan              Commissioners and Board of Directors of the Company has
memperhatikan dan mempertimbangkan rekomendasi dari                followed the applicable regulations, taking into account and
Komite Nominasi dan Remunerasi. Usulan tersebut disampaikan        considering recommendations from the Nomination and
kepada Dewan Komisaris untuk kemudian ditetapkan dan/atau          Remuneration Committee. These proposals are presented to the
disetujui oleh Pemegang Saham dalam RUPS.                          Board of Commissioners for subsequent approval and/or approval
                                                                   by the Shareholders in the GMS.


Perancangan remunerasi Dewan Komisaris dan Direksi oleh            The design of remuneration for the Board of Commissioners
Komite Nominasi dan Remunerasi harus memperhatikan                 and Board of Directors by the Nomination and Remuneration
beberapa hal, yaitu:                                               Committee shall consider several aspects, as follows:
1. Menyusun struktur remunerasi bagi anggota Direksi dan/          1. Establish remuneration structure for members of the Board
    atau Dewan Komisaris berupa gaji, honorarium, insentif, dan/      of Directors and/or members of the Board of Commissioners,
    atau tunjangan yang bersifat tetap dan/atau variabel, dengan      in the form of salary, honorarium, incentives; and/or fixed
    memperhatikan:                                                    and/or variable allowances by considering:
    a. Remunerasi yang berlaku pada industri dengan kegiatan          a. Applicable remuneration in line with the industry’s
        dan skala usaha yang sesuai;                                       activities and scale of operations;
    b. Tugas, tanggung jawab, dan wewenang anggota Direksi            b. Duties, responsibilities, and authorities of members of
        dan/atau Dewan Komisaris dikaitkan dengan pencapaian               the Board of Directors and/or the Board of Commissioners
        tujuan dan kinerja Perseroan;                                      that are related to the achievement of the Company’s
                                                                           goals and performance;
    c.   Target kinerja atau kinerja masing-masing anggota            c. Performance targets or performance of each
         Direksi dan/atau Dewan Komisaris; serta                           member of the Board of Directors and/or the Board of
                                                                           Commissioners; and
   d. Keseimbangan antara tunjangan tetap dan variabel.               d. The balance between fixed and variable allowances.
2. Menyusun kebijakan atas remunerasi bagi anggota Direksi         2. Develop remuneration policies for members of the Board of
   dan/atau Dewan Komisaris;                                          Directors and/or the Board of Commissioners;
3. Menyusun besaran atas remunerasi bagi anggota Direksi dan/      3. Set up the remuneration amount for members of the Board of
   atau Dewan Komisaris; serta                                        Directors and/or Board of Commissioners; and
4. Struktur, kebijakan, dan besaran remunerasi harus dievaluasi    4. The structure, policy, and amount of remuneration must be
   oleh Komite Nominasi dan Remunerasi paling kurang 1 kali           evaluated by the Nomination and Remuneration Committee
   dalam 1 tahun.                                                     at least once in 1 year.



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      Struktur dan Besaran Remunerasi                                      Remuneration Structure and Amount
      Pada tahun 2023, jumlah kompensasi bagi Dewan Komisaris              In 2023, the total compensation for the Board of Commissioners
      dan Direksi adalah sebesar AS$1,7 juta, sama besarnya jika           and Board of Directors amounted to US$1.7 million, the same
      dibandingkan dengan tahun 2022. Seluruh kompensasi bagi              amount compared to 2022. The entire compensation for the Board
      Dewan Komisaris dan Direksi merupakan imbalan kerja jangka           of Commissioners and Board of Directors consists of short-term
      pendek yang terdiri dari gaji, tantiem, honorarium, insentif,        employee benefits, including salaries, bonuses, honorariums,
      fasilitas kesehatan, dan lain sebagainya.                            incentives, health facilities, and other benefits.




      Hubungan Afiliasi Dewan Komisaris dan Direksi
      Affiliation of Board of Commissioners and Board of Directors


      Perseroan menjaga hubungan afiliasi antara Dewan Komisaris           The Company maintains affiliate relationships between the
      dengan Direksi, Dewan Komisaris dengan anggota Dewan                 Board of Commissioners and the Board of Directors, the
      Komisaris lainnya, Direksi dengan anggota Direksi lainnya, serta     Board of Commissioners and other members of the Board of
      Pemegang Saham yang ditunjukkan sebagai berikut:                     Commissioners, the Board of Directors and other members of the
                                                                           Board of Directors, as well as with Shareholders, as follows:


                                                        Hubungan Keuangan                               Hubungan Keluarga
                                                         Financial Relations                             Family Relations
             Nama                Jabatan          Dewan                                        Dewan
             Name                Position                       Direksi     Pemegang                           Direksi     Pemegang
                                                Komisaris                                    Komisaris
                                                               Board of       Saham                           Board of       Saham
                                                 Board of                                     Board of
                                                               Directors   Shareholders                       Directors   Shareholders
                                              Commissioners                                Commissioners
       DEWAN KOMISARIS / BOARD OF COMMISSIONERS
       Kenneth Ronald       Komisaris
       Kennedy Crichton     Utama
                                                    x               x            √                 x              x             x
                            President
                            Commissioner
       Rizki Indrakusuma    Wakil Komisaris
                            Utama
                                                    x               x            √                 x              x             x
                            Vice President
                            Commissioner
       Abed Nego            Komisaris
                                                    x               x            √                 x              x             x
                            Commissioner
       Dr. Ir. Bambang      Komisaris
       Setiawan             Independen
                                                    x               x            x                 x              x             x
                            Independent
                            Commissioner
       Hamid Awaluddin      Komisaris
                            Independen
                                                    x               x            x                 x              x             x
                            Independent
                            Commissioner
       Jhoni Ginting        Komisaris
                            Independen
                                                    x               x            x                 x              x             x
                            Independent
                            Commissioner
       DIREKSI / BOARD OF DIRECTORS
       Rudy Suhendra        Direktur Utama
                            President               x               x            x                 x              x             x
                            Director
       Christian Emanuel    Direktur
                                                    x               x            x                 x              x             x
       David Sompie         Director
       Hidayat Dwiputro     Direktur
                                                    x               x            x                 x              x             x
       Sulaksono            Director
       Scott Gerald         Direktur
                                                    x               x            x                 x              x             x
       Atkinson             Director




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                                                                                                                                Tata Kelola Perusahaan
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Keberagaman Komposisi Dewan Komisaris dan
Direksi
Composition Diversity of the Board of Commissioners and
the Board of Directors

Keberagamaan komposisi Dewan Komisaris merupakan salah                             The diversity of the Board of Commissioners’ composition is one
satu upaya yang dilakukan Perseroan untuk menguatkan peran,                        of the efforts undertaken by the Company to strengthen the role,
fungsi, dan tugas Dewan Komisaris. Oleh karena itu, Perseroan                      function, and duties of the Board of Commissioners. Therefore,
menyusun kebijakan keberagaman komposisi yang diuraikan                            the Company has formulated a policy on diversity composition,
sebagai berikut:                                                                   outlined as follows:


                Pendidikan                           Pengalaman Kerja                           Usia                                Gender
                Education                            Work Experience                            Age                                 Gender
 Latar    belakang     pendidikan   Dewan       Dewan Komisaris dan Direksi        Rata-rata usia Dewan Komisaris   Pada tahun 2023, anggota Dewan
 Komisaris dan Direksi beragam, mulai dari      memiliki pengalaman kerja          dan Direksi berada pada usia     Komisaris dan Direksi tidak ada gender
 lulusan S1 hingga S3, dengan kompetensi di     di     bidang     pertambangan,    yang memungkinkan seseorang      perempuan, namun tidak menutup
 bidang teknik pertambangan, geologi, dan       transportasi,      pemerintahan,   untuk terus bekerja dan          kemungkinan ke depannya Perseroan
 cadangan minyak, ilmu kelautan, hukum,         logistik pangan, dan perkebunan.   berkarya.                        akan menunjuk anggota Dewan
 hingga ekonomi dan akuntansi.                  The Board of Commissioners         The average age of the Board Komisaris dan Direksi perempuan.
 The educational backgrounds of the Board       and Board of Directors have        of Commissioners and Board In 2023, there were no female members
 of Commissioners and Board of Directors        work experience in the fields      of Directors is at an age where in the Board of Commissioners and
 are diverse, ranging from Bachelor’s (S1) to   of    mining,  transportation,     individuals can continue to work Board of Directors. However, it is not
 Doctoral (S3) degrees, with competencies in    government, food logistics, and    and contribute actively.         ruled out that in the future the Company
 various fields including mining engineering,   agriculture.                                                        will appoint female members to the
 geology, petroleum engineering, marine                                                                             Board of Commissioners and Directors.
 science, law, economics, and accounting.




Komite Audit
Audit Committee


Dewan Komisaris membentuk Komite Audit sebagai salah satu                          The Board of Commissioners establishes the Audit Committee as
organ pendukung yang bertugas membantu Dewan Komisaris dalam                       one of the supporting organs tasked with assisting the Board of
menjalankan tugas dan fungsi pengawasan serta pemberian nasihat                    Commissioners in carrying out supervision duties and providing
dalam pelaksanaan pengendalian internal dan audit Perseroan.                       advice in implementing internal control and auditing of the Company.



Piagam Komite Audit                                                                Audit Committee Charter

Komite Audit telah memiliki Piagam Komite Audit yang telah                         The Audit Committee already has an Audit Committee Charter, which
disahkan oleh Dewan Komisaris pada tanggal 10 Februari 2021.                       was approved by the Board of Commissioners on February 10, 2021.



Tugas dan Tanggung Jawab Komite Audit                                              Duties and Responsibilities of the Audit
                                                                                   Committee

Berdasarkan Piagam Komite Audit, tugas dan tanggung jawab                          Based on the Audit Committee Charter, the duties and
Komite Audit antara lain:                                                          responsibilities of the Audit Committee are as follows:
1. Menelaah informasi keuangan yang akan dikeluarkan                               1. To review financial information that the Company will issue to
   Perseroan kepada publik dan/atau pihak otoritas, antara lain                        the public and/or authorities, including financial statements,
   laporan keuangan, proyeksi, dan laporan lainnya yang terkait                        projections, and other reports related to the Company’s
   dengan informasi keuangan Perseroan;                                                financial information;
2. Menelaah ketaatan Perseroan terhadap peraturan perundang-                       2. To review the Company’s compliance with laws and regulations
   undangan yang berhubungan dengan kegiatan Perseroan;                                related to the Company’s activities;



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      3. Memberi pendapat independen dalam hal terjadi perbedaan                        3. To provide independent opinion in the event of dissenting
         pendapat antara manajemen dan akuntan atas jasa yang                              opinion between management and external auditor for the
         diberikannya;                                                                     services rendered;
      4. Memberikan rekomendasi kepada Dewan Komisaris                                  4. To provide recommendations to the Board of Commissioners
         mengenai penunjukkan dan pemberhentian akuntan yang                               on the appointment and replacement/ dismissal of
         didasarkan pada independensi, ruang lingkup penugasan, dan                        accountant based on independence, assignment scope, and
         imbalan jasa;                                                                     fees;
      5. Menelaah pelaksanaan pemeriksaan oleh auditor internal                         5. To review the implementation of audits by the internal audit
         dan mengawasi pelaksanaan tindak lanjut oleh Direksi atas                         function and supervise the follow-up actions undertaken by
         temuan auditor internal;                                                          the Board of Directors on internal audit’s findings;
      6. Menelaah aktivitas pelaksanaan manajemen risiko yang                           6. To review the risk management implemented by the Board
         dilakukan Direksi, jika Perseroan tidak memiliki fungsi                           of Directors, if the Company does not have a risk monitoring
         pemantau risiko di bawah Dewan Komisaris;                                         function under the Board of Commissioners;
      7. Menelaah pengaduan yang berkaitan dengan proses                                7. To review complaints related to the Company’s accounting
         akuntansi dan pelaporan keuangan Perseroan;                                       process and financial reporting;
      8. Menelaah dan memberikan saran kepada Dewan Komisaris                           8. To review and provide the Board of Commissioners with
         terkait dengan adanya potensi benturan kepentingan pada                           suggestions on potential conflicts of interest in the Company;
         Perseroan; dan                                                                    and
      9. Menjaga kerahasiaan dokumen, data, dan informasi                               9. To maintain the confidentiality of the Company’s documents,
         Perseroan.                                                                        data, and information.



      Komposisi dan Masa Jabatan Komite Audit                                           Composition and Term of Office of Audit
                                                                                        Committee

      Komposisi Komite Audit paling kurang terdiri dari 3 orang anggota                 The Audit Committee’s composition consists of at least 3
      yang berasal dari Komisaris Independen dan pihak dari luar                        members, who are Independent Commissioners and individuals
      Perseroan yang memiliki latar belakang pendidikan akuntansi                       from outside the Company with educational backgrounds in
      dan keuangan. Setiap anggota Komite Audit diangkat dan                            accounting and finance. Each member of the Audit Committee is
      diberhentikan berdasarkan keputusan Dewan Komisaris dengan                        appointed and dismissed based on the Board of Commissioners’
      masa jabatan tidak diperkenankan melebihi masa jabatan Dewan                      decision, with a term of office not exceeding the term of office
      Komisaris sebagaimana diatur dalam Anggaran Dasar Perseroan.                      of the Board of Commissioners as stipulated in the Company’s
                                                                                        Articles of Association.



      Profil Komite Audit                                                               Audit Committee’s Profile




             DR. IR. BAMBANG SETIAWAN                                                                    HAMID AWALUDDIN
                                     Ketua                                                                               Anggota
                                    Chairman                                                                             Member

        Keputusan Dewan Komisaris tanggal 10 Februari 2021 Februari 2021                     Keputusan Dewan Komisaris tanggal 10 Februari Februari 2021
                                (2021-sekarang).                                                                   (2021-sekarang).
      Board of Commissioners’ Decision dated February 10, 2021 (2021-present).           Board of Commissioners’ Decision dated February 10, 2021 (2021-present).

                                Uraian lengkap terkait Profil Ketua dan Aggota Komite Audit dapat dilihat pada Profil Dewan Komisaris.
                   A detail description of the profiles of Chairman and Members of Audit Committee can be found in the Board of Commissioners’ profile.




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                                                                                                                Tata Kelola Perusahaan
                                                                                                            Good Corporate Governance




                                                  HERWAN NG
                                                  Anggota
                                                  Member

                                                  Dasar Hukum Pengangkatan Terakhir
                                                  Legal Basis of Appointment
                                                  Keputusan Dewan Komisaris tanggal 10 Februari 2021 (2021-sekarang).
                                                  Board of Commissioners’ Decision dated February 10, 2021 (2021-present).

                                                  Riwayat Pendidikan
                                                  Educational Background
                                                  • Diploma in Corporate Governance dari Corporate Governance Institute (2023);
                                                  • Master of Business Administration dari Edinburgh Business School, Inggris (2010); dan
                                                  • Sarjana Ekonomi dari Universitas Tarumanagara (1995).
                                                  • Diploma in Corporate Governance from Corporate Governance Institute (2023);
                                                  • Master of Business Administration from Edinburgh Business School, England (2010); and
                                                  • Bachelor of Economics from Universitas Tarumanagara (1995).

                                                  Sertifikasi Profesi
Kewarganegaraan                                   Professional Certifications
Nationality                                       •   Certified Governance Risk and Compliance Profesional (GRCP) (2021);
                                                  •   Certified Governance Risk and Compliance Auditor (GRCA) (2021);
Indonesia
                                                  •   Fellow of Certified Practising Accountant (FCPA), Australia (2015);
                                                  •   Chartered Accountant (CA), Indonesia (2013);
                                                  •   Fellow Certified Management Accountant (FCMA), Australia dan / and New Zealand (2007);
Usia                                              •   Certified Internal Auditor (CIA) (2006); serta / and
Age                                               •   Certified Practising Accountant (CPA), Indonesia (2004).

51 Tahun / years old                              Pengalaman Kerja
                                                  Work Experience
                                                  •   Direktur Pengelola AWR Lloyd Indonesia (2019-2020);
Domisili                                          •   Komisaris Independen PT Hewlett Packard Finance Indonesia (2016-2022);
Domicile                                          •   Anggota Komite Audit PT Red Planet Indonesia Tbk (2015-2020);
                                                  •   Anggota Komite Audit PT Sarana Menara Nusantara Tbk (2013-2018);
Jakarta                                           •   Direktur dan Chief Financial Officer PT Rio Tinto Indonesia (2005-2019); dan
                                                  •   Manajer Senior PricewaterhouseCoopers (PwC) Indonesia dan Belanda (1995-2005).
                                                  •   Managing Director at AWR Lloyd Indonesia (2019-2020);
Hubungan Afiliasi                                 •   Independent Commissioner at PT Hewlett Packard Finance Indonesia (2016-2022);
Affiliation Relationship                          •   Audit Committee Member at PT Red Planet Indonesia Tbk (2015-2020);
                                                  •   Audit Committee Member at PT Sarana Menara Nusantara Tbk (2013-2018);
Tidak mmiliki hubungan afiliasi dengan            •   Director and Chief Financial Officer at PT Rio Tinto Indonesia (2005-2019); and
anggota Dewan Komisaris, Direksi, serta           •   Senior Manager at PricewaterhouseCoopers (PwC) Indonesia and Belanda (1995-2005).
Pemegang Saham Utama dan Pengendali,
baik langsung maupun tidak langsung               Rangkap Jabatan
sampai kepada pemilik akhir individu.             Concurrent Position
Has no affiliation with members of the Board
of Commissioners, Board of Directors,             •   Komisaris Independen PT Asuransi Bina Dana Arta Tbk (sejak 2022);
as well as the Majority and Controlling           •   Anggota Komite Audit PT FKS Multi Agro Tbk (sejak 2022);
Shareholders, either directly or indirectly, up   •   Anggota Komite Audit PT GoTo Gojek Tokopedia Tbk (sejak 2021);
to the ultimate individual owners.                •   Anggota Komite Audit PT Hillcon Tbk (sejak 2021);
                                                  •   Anggota Komite Audit PT Samudera Indonesia Tbk (sejak 2021);
                                                  •   Anggota Komite Audit PT Vale Indonesia Tbk (sejak 2019); dan
                                                  •   Anggota Komite Audit PT Goodyear Indonesia Tbk (sejak 2019).
                                                  •   Independent Commissioner at PT Asuransi Bina Dana Arta Tbk (since 2022);
                                                  •   Audit Committee Member at PT FKS Multi Agro Tbk (since 2022);
                                                  •   Audit Committee Member at PT GoTo Gojek Tokopedia Tbk (since 2021);
                                                  •   Audit Committee Member at PT Hillcon Tbk (since 2021);
                                                  •   Audit Committee Member at PT Samudera Indonesia Tbk (since 2021);
                                                  •   Audit Committee Member at PT Vale Indonesia Tbk (since 2019); and
                                                  •   Audit Committee Member at PT Goodyear Indonesia Tbk (since 2019).




                                                                                                                PT Archi Indonesia Tbk
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      Pernyataan Independensi Komite Audit                                          Statement of Independence of the Audit
                                                                                    Committee
      Ketua dan anggota Komite Audit Perseroan tidak memiliki saham                 The Chairman and members of the Company’s Audit Committee
      langsung maupun tidak langsung pada Perseroan dan tidak                       do not own shares directly or indirectly in the Company and do
      memiliki hubungan keluarga, keuangan, dan kepengurusan dengan                 not have family, financial, or management relationships with
      anggota Dewan Komisaris, Direksi, dan/atau Pemegang Saham                     members of the Board of Commissioners, Board of Directors,
      Perseroan, baik secara langsung maupun tidak langsung, yang dapat             and/or Company Shareholders, either directly or indirectly, which
      memengaruhi kapasitasnya untuk bertindak secara independen.                   could affect their capacity to act independently.



      Rapat Komite Audit                                                            Audit Committee’s Meetings
      Kebijakan Rapat Komite Audit                                                  Audit Committee’s Meeting Policy
      Berdasarkan Piagam Komite Audit, Komite Audit diwajibkan                      Based on Audit Committee Charter, the Audit Committee is
      menyelenggarakan rapat minimal 1 kali dalam 3 bulan. Rapat tersebut           required to hold a meeting at least once every 3 months. Such
      juga dapat dilaksanakan sewaktu-waktu apabila dianggap perlu.                 meeting shall also be held at any time deemed necessary.



      Tingkat Kehadiran Rapat Komite Audit                                          Attendance Level at Audit Committee’s Meetings
      Selama tahun 2023, Komite Audit telah melaksanakan rapat dengan               Throughout 2023, the Audit Committee held meetings with the
      agenda utama terkait hasil audit tahun 2022; pembahasan laporan               main agenda items including the 202 audit results; discussions
      keuangan dari triwulan I-III tahun 2023; pembaruan informasi                  on financial statements for quarters I-III of 2023; updates from
      dari Audit Internal; informasi sehubungan dengan kepatuhan dan                Internal Audit; information on compliance and other updates
      pembaruan lainnya dari Sekretaris Perusahaan; dan hal lainnya                 from Corporate Secretary; and other matters related to audit. The
      terkait audit. Adapun frekuensi dan tingkat kehadiran rapat                   frequency and attendance level of each Audit Committee member
      masing-masing anggota Komite Audit diuraikan sebagai berikut:                 in the meetings are outlined as follows:


                 Nama                           Jabatan                   Total Rapat               Total Kehadiran
                                                                                                                                              (%)
                 Name                           Position                 Total Meeting             Total Attendance
                                      Ketua
       Dr. Ir. Bambang Setiawan                                                 5                               5                            100,00
                                      Chairman
                                      Anggota
       Hamid Awaluddin                                                          5                               3                             60,00
                                      Member
                                      Anggota
       Herwan Ng                                                                5                               5                            100,00
                                      Member




      Pengembangan Kompetensi Komite Audit                                          Competency Development of Audit
                                                                                    Committee
      Pengembangan kompetensi yang diikuti oleh Komite Audit                        The competency development programs attended by the Audit
      selama tahun 2023 diuraikan sebagai berikut:                                  Committee throughout 2023 are outlined as follows:


                         Materi Pengembangan Kompetensi                               Waktu       Tempat                        Penyelenggara
                         Competency Development Material                              Date         Venue                          Organizer
                                                                                                                    Ikatan Akuntan Indonesia
                                                                                    Desember    Jakarta,
       Creating Value in Challenging World                                                                          Institute   of     Indonesia      Chartered
                                                                                    December    Balai Kartini
                                                                                                                    Accountants
                                                                                                                    Enterprise Risk Management Academy -
                                                                                    Desember
       Risk Governance and Leadership Master Class                                              Webinar             International Finance Corporation - Center
                                                                                    December
                                                                                                                    for Risk Management Studies
       Audit Information Technology untuk Menunjang Pekerjaan Akuntan Publik
                                                                                                                    Institut Akuntan Publik Indonesia
       dalam Audit Laporan Keuangan
                                                                                    November    Webinar             Indonesian Institute of Certified Public
       Information Technology Audit to support Public Accountant work in auditing
                                                                                                                    Accountants
       financial statements
       Update Pernyataan Standar Akuntansi Keuangan Terkini dalam Penyusunan
                                                                                                                    Institut Akuntan Publik Indonesia
       Laporan Keuangan                                                             Oktober
                                                                                                Webinar             Indonesian Institute of Certified Public
       Update of Statements of Financial Accounting Standards (PSAK) in the         October
                                                                                                                    Accountants
       preparation of Financial Statements




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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                        Good Corporate Governance




                   Materi Pengembangan Kompetensi                                    Waktu       Tempat                  Penyelenggara
                   Competency Development Material                                   Date         Venue                    Organizer
                                                                                   Oktober
 The Challenges in Attracting and Retaining Talent in Accounting                               Webinar      Certified Practising Accountant Australia
                                                                                   October
 Kode Etik Profesi Akuntan Publik: Sikap Profesional serta Pengamanan atas
                                                                                                            Institut Akuntan Publik Indonesia
 Ancaman terhadap Independensi Akuntan Publik
                                                                                   September   Webinar      Indonesian Institute of Certified Public
 The Code of Ethics for Professional Accountants: Professional Behavior and
                                                                                                            Accountants
 Safeguarding Independence of Public Accountants from Threats
 Ethics: Integrity Management for Internal Ethics Related                          September   Webinar      The Institute of Internal Auditors Indonesia
 Putting the G in ESG - Making ESG Relevant to Modern Corporate Governance         September   Webinar      Open Compliance and Ethics Group
 Artificial Intelligence and Governance, Risk, and Compliance: Risky Business to
                                                                                   September   Webinar      Open Compliance and Ethics Group
 Business Advantage
                                                                                   Agustus
 The Institute of Internal Auditors Annual Conference “Staying Relevant”                       Batam        The Institute of Internal Auditors Indonesia
                                                                                   August
 2023 Governance, Risk, and Compliance Summit: Building Resilient Future
                                                                                   Agustus                  Indonesia Risk Management Professional
 Through Governance, Risk, and Compliance and Environmental, Social, and                       Yogyakarta
                                                                                   August                   Association
 Governance
                                                                                   Agustus
 Diploma in Corporate Governance                                                               Webinar      The Corporate Governance Institute
                                                                                   August
 BUMN Leadership & Management Institute Governance, Risk, and Compliance
 Masterclass - Pemeringkatan dan Penerbitan Efek Bersifat Utang dan Sukuk          Agustus
                                                                                               Webinar      BUMN Leadership & Management Institute
 BUMN Leadership & Management Institute Governance, Risk, and Compliance           August
 Masterclass - Rating and Issuance of Debt Securities and Sukuk
 BUMN Leadership & Management Institute Governance, Risk, and Compliance           Agustus
                                                                                               Webinar      BUMN Leadership & Management Institute
 Masterclass - Pre Initial Public Offering and Post Initial Public Offering        August
                                                                                   Juni
 Leadership: Thriving During the Disruptive Times                                              Webinar      Certified Practising Accountant Australia
                                                                                   June
                                                                                   Maret
 Corporate Performance                                                                         Webinar      Certified Practising Accountant Australia
                                                                                   March
                                                                                   Maret       Shangri-La   Asosiasi Asuransi Umum Indonesia
 Capitalizing the Emerging Trends in Insurance Market
                                                                                   March       Jakarta      General Insurance Association of Indonesia
 Tantangan dan Peluang Profesi Manajemen Risiko dalam Pencapaian Tujuan
 Keuangan Berkelanjutan                                                            Maret                    Indonesia Risk Management Professional
                                                                                               Webinar
 Challenges and Opportunities for Risk Management Profession in Achieving          March                    Association
 Sustainable Financial Goals
                                                                                                            Institut Akuntan Publik Indonesia
 Peran Auditor dalam Identifikasi dan Analisis Threat Cybersecurity                Februari
                                                                                               Webinar      Indonesian Institute of Certified Public
 Auditors’ Role in Identifying and Analyzing Cybersecurity Threats                 February
                                                                                                            Accountants
                                                                                   Februari
 The Root of the Compliance vs Security Paradox                                                Webinar      Open Compliance and Ethics Group
                                                                                   February
                                                                                   Februari
 Indonesia Economic Outlook 2023                                                               Webinar      Certified Practising Accountant Australia
                                                                                   February
                                                                                   Januari
 Essential Connections for Environmental, Social, and Governance Success                       Webinar      Open Compliance and Ethics Group
                                                                                   January
                                                                                   Januari
 Culture and Conduct Risk Management                                                           Webinar      Open Compliance and Ethics Group
                                                                                   January



Pelaksanaan Tugas Komite Audit                                                     Implementation of Audit Committee’s
                                                                                   Duties

Sepanjang tahun 2023, Komite Audit telah melaksanakan tugas                        Throughout 2023, the Audit Committee performed its duties and
dan tanggung jawabnya yang meliputi:                                               responsibilities as follows:
1. Melakukan penelaahan atas informasi keuangan yang akan                          1. Reviewing financial information to be issued by the
    dikeluarkan oleh Perseroan kepada publik dan/atau pihak                            Company to the public and/or authorities, including financial
    otoritas, yaitu laporan keuangan;                                                  statements;
2. Memberikan rekomendasi kepada Dewan Komisaris                                   2. Providing recommendations to the Board of Commissioners
    mengenai penunjukan akuntan publik yang didasarkan pada                            on the appointment of Public Accountant based on
    independensi, ruang lingkup penugasan, dan biaya jasa;                             independence, assignment scope, and fees;
3. Melakukan penelaahan atas pelaksanaan pemeriksaan oleh                          3. Reviewing audit conducted by internal auditors and
    auditor internal dan mengawasi pelaksanaan tindak lanjut oleh                      supervising the follow-up actions undertaken by the Board of
    Direksi atas temuan Auditor Internal; dan                                          Directors on findings by Internal Auditor; and
4. Melakukan penelaahan terhadap aktivitas pelaksanaan                             4. Reviewing the risk management activities undertaken by
   manajemen risiko yang dilakukan oleh Direksi, jika Perseroan                        the Board of Directors in case the Company has no risk
   tidak memiliki fungsi pemantau risiko di bawah Dewan Komisaris.                     monitoring function under the Board of Commissioners.



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      Komite Etik
      Ethics Committee




      Komite Etik merupakan komite yang membantu Dewan Komisaris            The Ethics Committee is a committee that assists the Board
      dalam memantau manajemen memenuhi tanggung jawab yang                 of Commissioners in monitoring management’s compliance
      berkaitan dengan kepatuhan terhadap persyaratan hukum yang            with responsibilities related to adherence to applicable legal
      berlaku.                                                              requirements.



      Dasar Hukum Pembentukan                                               Legal Basis of Establishment

      Dasar hukum yang menjadi pedoman pembentukan Komite Etik              The legal basis of Ethics Committee’s establishment is the
      adalah kebijakan tata kelola perusahaan dan prosedur melalui          corporate governance policy and procedures outlined in the
      Piagam Komite Etik.                                                   Ethics Committee Charter.



      Tugas dan Tanggung Jawab Komite Etik                                  Duties and Responsibilities of Ethics
                                                                            Committee

      Berdasarkan Piagam Komite Etik, tugas dan tanggung jawab              According to the Ethics Committee Charter, the duties and
      Komite Etik antara lain:                                              responsibilities of the Ethics Committee include:
      1. Melakukan atau mengizinkan penyelidikan atas isu-isu yang          1. Conducting or authorizing investigations into issues related
          berkaitan dengan perilaku tidak etis, penipuan, atau hal serupa       to unethical behavior, fraud, or similar matters;
          lainnya;
      2. Menyelidiki kasus pelanggaran yang terjadi di lingkup              2. Investigating cases of violations that occur within the
          Perseroan melalui Unit Audit Internal atau konsultan eksternal;      Company’s scope through Internal Audit Unit or external
          dan                                                                  consultants; and
      3. Melakukan semua tindakan yang diperlukan untuk memenuhi            3. Taking all necessary actions to fulfill responsibilities that do
          tanggung jawab yang tidak melanggar Anggaran Dasar                   not violate the Company’s Articles of Association.
          Perseroan.



      Komposisi dan Profil Komite Etik                                      Composition and Profile of Ethics
                                                                            Committee

      Setiap anggota Komite Etik diangkat dan diberhentikan                 Each member of Ethics Committee is appointed and dismissed
      berdasarkan keputusan Dewan Komisaris dengan masa jabatan             based on the Board of Commissioners’ decision with a term
      tidak diperkenankan melebihi masa jabatan Dewan Komisaris             of office not exceeding the term of office of the Board of
      sebagaimana diatur dalam Anggaran Dasar Perseroan.                    Commissioners as stipulated in the Company’s Articles of
                                                                            Association.


      Berikut komposisi anggota Komite Etik Perseroan yang diangkat         Below is the composition of the Company’s Ethics Committee,
      berdasarkan Keputusan Dewan Komisaris tanggal 26 Februari             appointed based on the Board of Commissioners’ Decision dated
      2021 (2021-sekarang):                                                 February 26, 2021 (2021-present):
      Ketua     : Rizki Indrakusuma                                         Chairman      : Rizki Indrakusuma
      Anggota : Kenneth Ronald Kennedy Crichton                             Member        : Kenneth Ronald Kennedy Crichton
      Anggota : Abed Nego                                                   Member        : Abed Nego
      Anggota : Rudy Suhendra                                               Member        : Rudy Suhendra




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                                                                                                               Tata Kelola Perusahaan
                                                                                                           Good Corporate Governance




Profil Komite Etik                                                     Profile of Ethics Committee

Profil lengkap anggota Komite Etik dapat dilihat pada bab Profil       Complete profiles of Ethics Committee’s members can be found
Perusahaan bagian Profil Dewan Komisaris dan Direksi Laporan           in the Company Profile section under the Board of Commissioners
Tahunan ini.                                                           and Board of Directors Profile in this Annual Report.



Pernyataan Independensi Komite Etik                                    Statement of Independence of the Ethics
                                                                       Committee

Ketua dan anggota Komite Etik Perseroan tidak memiliki saham           The Chairman and members of the Company’s Ethics Committee
langsung maupun tidak langsung pada Perseroan dan tidak                do not own shares directly or indirectly in the Company and do
memiliki hubungan keluarga dan kepengurusan dengan anggota             not have family, financial, or management relationships with
Dewan Komisaris, Direksi, dan/atau Pemegang Saham Perseroan,           members of the Board of Commissioners, Board of Directors,
baik secara langsung maupun tidak langsung, yang dapat                 and/or Company Shareholders, either directly or indirectly, which
memengaruhi kapasitasnya untuk bertindak secara independen.            could affect their capacity to act independently.



Rapat Komite Etik                                                      Ethics Commitee’s Meetings
Kebijakan Rapat Komite Etik                                            Ethics Committee’s Meeting Policy
Berdasarkan Piagam Komite Etik, Komite Etik diwajibkan                 Based on Ethics Committee Charter, the Ethics Committee is
menyelenggarakan rapat minimal 1 kali dalam 3 bulan. Rapat             required to hold a meeting at least once every 3 months. Such
tersebut juga dapat dilaksanakan sewaktu-waktu apabila                 meeting shall also be held at any time deemed necessary.
dianggap perlu.

Tingkat Kehadiran Rapat Komite Etik                                    Attendance Level at Ethics Committee’s Meetings
Frekuensi dan tingkat kehadiran rapat masing-masing anggota            The frequency and attendance level of each Ethics Committee
Komite Etik selama tahun 2023 diuraikan sebagai berikut:               member in the meetings in 2023 are outlined as follows:


             Nama                          Jabatan                  Total Rapat             Total Kehadiran
                                                                                                                            (%)
             Name                           Name                   Total Meeting           Total Attendance

 Rizki Indrakusuma                 Ketua / Chairman                     4                          4                      100,00

 Kenneth Ronald Kennedy Crichton   Anggota / Member                     4                          4                      100,00

 Abed Nego                         Anggota / Member                     4                          4                      100,00

 Rudy Suhendra                     Anggota / Member                     4                          4                      100,00




Pengembangan Kompetensi Komite Etik                                    Competency Development of Ethics
                                                                       Committee

Informasi pelatihan dan/atau peningkatan anggota Komite Etik           Information on training and/or development programs for members
di tahun 2023 dapat dilihat pada Pelatihan dan/atau Peningkatan        of the Ethics Committee in 2023 can be found in the Training and/
Kompetensi Dewan Komisaris dan Direksi dalam Laporan                   or Competency Development for the Board of Commissioners and
Tahunan ini.                                                           Board of Directors section of this Annual Report.



Pelaksanaan Tugas Komite Etik                                          Implementation of Ethics Committee’s
                                                                       Duties

Sepanjang tahun 2023, Komite Etik telah melaksanakan                   Throughout 2023, the Ethics Committee performed its duties
tugas dan tanggung jawabnya sesuai dengan pedoman yang                 and responsibilities in accordance with guidelines based on
didasarkan pada kebijakan tata kelola perusahaan dan prosedur,         the corporate governance policy and procedures, as stipulated
sebagaimana diatur melalui Piagam Komite Etik.                         through the Ethics Committee Charter.




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      Komite Nominasi dan Remunerasi
      Nomination and Remuneration Committee




      Komite Nominasi dan Remunerasi merupakan komite yang             The Nomination and Remuneration Committee is a committee that
      membantu Dewan Komisaris dalam hal mengawasi dan                 assists the Board of Commissioners in overseeing and ensuring
      memastikan pelaksanaan proses nominasi dan remunerasi            the implementation of nomination and remuneration processes for
      anggota Dewan Komisaris dan Direksi Perseroan dijalankan         members of the Board of Commissioners and Board of Directors of
      secara objektif, efektif, dan efisien.                           the Company in an objective, effective, and efficient manner.



      Piagam Komite Nominasi dan Remunerasi                            Nomination and Remuneration Committee
                                                                       Charter

      Komite Nominasi dan Remunerasi telah memiliki Piagam Komite      The Nomination and Remuneration Committee has a Nomination
      Nominasi dan Remunerasi yang telah disahkan oleh Dewan           and Remuneration Committee Charter, which was ratified by the
      Komisaris pada tanggal 7 Mei 2021.                               Board of Commissioners on May 7, 2021.



      Tugas dan Tanggung Jawab Komite                                  Duties and Responsibilities of Nomination
      Nominasi dan Remunerasi                                          and Remuneration Committee

      Tugas dan tanggung jawab Komite Nominasi dan Remunerasi          The duties and responsibilities of Nomination and Remuneration
      antara lain:                                                     Committee are as follows:
      1. Fungsi Nominasi                                               1. Nomination Function
          a. Memberikan rekomendasi kepada Dewan Komisaris                 a. Providing recommendations to the Board of
               mengenai:                                                       Commissioners regarding:
               • Komposisi jabatan anggotan Direksi dan/atau Dewan             • Composition of the Board of Directors and/or the
                   Komisaris;                                                      Board of Commissioners;
               • Kebijakan dan kriteria yang dibutuhkan dalam proses           • Policies and criteria required in the nomination
                   nominasi; dan                                                   process; and
               • Kebijakan evaluasi kinerja bagi anggota Direksi               • Performance evaluation policies for the Board of
                   dan/atau Dewan Komisaris.                                       Directors and/or the Board of Commissioners.
          b. Membantu Dewan Komisaris melakukan penilaian kinerja          b. Assisting the Board of Commissioners in evaluating the
               anggota Direksi dan/atau Dewan Komisaris berdasarkan            performance of the Board of Directors and/or the Board
               tolak ukur yang telah disusun sebagai bahan evaluasi;           of Commissioners based on the established benchmarks
                                                                               as the evaluation material;
         c.   Memberikan rekomendasi kepada Dewan Komisaris                c. Providing recommendations to the Board of
              mengenai program pengembangan kemampuan anggota                  Commissioners on capacity-development programs for
              Direksi dan/atau Dewan Komisaris; dan                            the Board of Directors and/or Board of Commissioners;
                                                                               and
         d. Memberikan usulan calon yang memenuhi syarat sebagai           d. Proposing candidates who meet the requirements as
            anggota Direksi dan/atau Dewan Komisaris kepada                    members of the Board of Directors and/or the Board of
            Dewan Komisaris untuk disampaikan kepada RUPS.                     Commissioners to be submitted in the GMS.
      2. Fungsi Remunerasi                                             2. Remuneration Function
         a. Memberikan rekomendasi kepada Dewan Komisaris                  a. Providing recommendations to the Board of
            mengenai:                                                          Commissioners on
            • Struktur remunerasi;                                             • Remuneration structure;
            • Kebijakan atas remunerasi; dan                                   • Remuneration policy; and
            • Besaran atas remunerasi.                                         • Remuneration amount.
         b. Membantu Dewan Komisaris melakukan penilaian kinerja           b. Assisting the Board of Commissioners in evaluating
            dengan kesesuaian remunerasi yang diterima masing-                 performance according to the remuneration received by
            masing anggota Direksi dan/atau Dewan Komisaris.                   each member of the Board of Directors and/or the Board
                                                                               of Commissioners.




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                                                                                                            Tata Kelola Perusahaan
                                                                                                        Good Corporate Governance




Komposisi dan Masa Jabatan Komite                                  Composition and Term of Office of
Nominasi dan Remunerasi                                            Nomination and Remuneration Committee

Komite Nominasi dan Remunerasi Perseroan beranggotakan             The Nomination and Remuneration Committee consists of 3
3 orang yang berasal dari anggota Dewan Komisaris, yaitu 1         members who are from the Board of Commissioners, comprising
orang ketua yang merupakan Komisaris Independen dan 2 orang        1 chairman who is an Independent Commissioner and 2 members
anggota yang merupakan Komisaris. Masa jabatan anggota             who are Commissioners. The term of office for members of the
Komite Nominasi dan Remunerasi tidak boleh lebih lama dari         Nomination and Remuneration Committee may not exceed the
masa jabatan Dewan Komisaris dengan tidak mengurangi hak           term of office of the Board of Commissioners, without prejudice to
Dewan Komisaris untuk memberhentikannya sewaktu waktu.             the Board of Commissioners’ authority to dismiss them at any time.


Berikut komposisi anggota Komite Nominasi dan Remunerasi           Below is the composition of the Company’s Nomination and
Perseroan yang diangkat berdasarkan Keputusan Dewan                Remuneration Committee, appointed based on the Board of
Komisaris tanggal 7 Mei 2021 (2021-sekarang):                      Commissioners’ Decision dated May 7, 2021 (2021-present):
Ketua     : Hamid Awaluddin                                        Chairman : Hamid Awaluddin
Anggota : Rizki Indrakusuma                                        Member : Rizki Indrakusuma
Anggota : Abed Nego                                                Member : Abed Nego



Profil Komite Nominasi dan Remunerasi                              Profile of Nomination and Remuneration
                                                                   Committee

Profil lengkap anggota Komite Nominasi dan Remunerasi dapat        Complete profiles of the Nomination and Remuneration
dilihat pada bab Profil Perusahaan bagian Profil Dewan Komisaris   Committee members can be found in the Company Profile section
dalam Laporan Tahunan ini.                                         under the Board of Commissioners’ Profile in this Annual Report.



Pernyataan Independensi Komite                                     Statement of Independence of the
Nominasi dan Remunerasi                                            Nomination and Remuneration Committee

Aspek independensi Komite Nominasi dan Remunerasi terpenuhi        The independence aspect of the Nomination and Remuneration
dengan menjadikan Komisaris Independen sebagai ketua               Committee is ensured by appointing an Independent Commissioner
Komite Nominasi dan Remunerasi. Selain itu, anggota Komite         as the chairman of Nomination and Remuneration Committee.
Nominasi dan Remunerasi senantiasa menjaga independensi            Additionally, members of the Nomination and Remuneration
agar penelaahan, pengawasan, dan rekomendasi yang diberikan        Committee always maintain independence to ensure that their
bebas dari konflik kepentingan sehingga pelaksanaan tugasnya       review, oversight, and recommendations are free from conflicts of
berdasarkan pada kepentingan Perseroan, bukan kepentingan          interest, thus their duties are performed based on the interests of
kelompok tertentu.                                                 the Company rather than those of specific groups.


Pernyataan independensi Komite Nominasi dan Remunerasi             The statement of independence of the Nomination and
berpedoman pada Peraturan Otoritas Jasa Keuangan                   Remuneration Committee refers to the Financial Services
No. 34/POJK.04/2014, yang diuraikan sebagaimana berikut:           Authority Regulation No. 34/POJK.04/2014, as outlined below:
1. Bukan merupakan orang yang menduduki jabatan manajerial         1. Not holding a managerial position below the Board of
    di bawah Direksi;                                                 Directors;
2. Anggota komite dari pihak luar tidak mempunyai hubungan         2. External committee members do not have any affiliation
    afiliasi dengan Perseroan, Direksi, Dewan Komisaris, dan          with the Company, the Board of Directors, the Board of
    Pemegang Saham Utama; serta                                       Commissioners, and the Major Shareholders; and
3. Anggota komite bukan merupakan anggota Direksi Perseroan.       3. Committee members are not members of the Company’s
                                                                      Board of Directors.




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      Rapat Komite Nominasi dan Remunerasi                                Nomination and Remuneration
                                                                          Committee’s Meetings
      Kebijakan Rapat Komite Nominasi dan Remunerasi                      Nomination and Remuneration Committee’s
                                                                          Meeting Policy
      Berdasarkan Piagam Komite Nominasi dan Remunerasi, Komite           Based on Nomination and Remuneration Committee Charter,
      Nominasi dan Remunerasi diwajibkan menyelenggarakan                 the Nomination and Remuneration Committee is required to hold
      rapat minimal 1 kali dalam 4 bulan. Rapat tersebut juga dapat       a meeting at least once every 4 months. Such meeting shall also
      dilaksanakan sewaktu-waktu apabila dianggap perlu.                  be held at any time deemed necessary.

      Tingkat Kehadiran Rapat Komite Nominasi dan                         Attendance Level of Nomination and
      Remunerasi                                                          Remuneration Committee’s Meetings
      Selama tahun 2023, Komite Nominasi dan Remunerasi telah             Throughout 2023, the Nomination and Remuneration Committee
      melaksanakan rapat dengan agenda utama terkait penetapan            held meetings with the primary agenda related to determining
      remunerasi Dewan Komisaris dan Direksi tahun 2023. Frekuensi        the remuneration for the Board of Commissioners and the Board
      dan tingkat kehadiran rapat masing-masing anggota Komite            of Directors for 2023. The frequency and attendance level of
      Nominasi dan Remunerasi diuraikan sebagai berikut:                  meetings for each member of the Nomination and Remuneration
                                                                          Committee are outlined as follows:


                 Nama                        Jabatan            Total Rapat               Total Kehadiran
                                                                                                                             (%)
                 Name                        Position          Total Meeting             Total Attendance
                                   Ketua
       Hamid Awaluddin                                                3                           3                        100,00
                                   Chairman
                                   Anggota
       Rizki Indrakusuma                                              3                           3                        100,00
                                   Member
                                   Anggota
       Abed Nego                                                      3                           3                        100,00
                                   Member



      Pengembangan Kompetensi Komite                                      Competency Development of Nomination
      Nominasi dan Remunerasi                                             and Remuneration Committee

      Informasi pelatihan dan/atau peningkatan anggota Komite             Information on training and/or development programs for members of
      Nominasi dan Remunerasi di tahun 2023 dapat dilihat pada            the Nomination and Remuneration Committee in 2023 can be found
      Pelatihan dan/atau Peningkatan Kompetensi Dewan Komisaris           in the Training and/or Competency Development for the Board of
      dan Direksi dalam Laporan Tahunan ini.                              Commissioners and Board of Directors section of this Annual Report.



      Pelaksanaan Tugas Komite Nominasi dan                               Implementation of Nomination and
      Remunerasi                                                          Remuneration Committee’s Duties

      Sepanjang tahun 2023, Komite Nominasi dan Remunerasi telah          Throughout 2023, the Nomination and Remuneration Committee
      melaksanakan tugas dan tanggung jawabnya yang meliputi:             performed its duties and responsibilities, as follows:
      1. Menyusun komposisi dan proses nominasi anggota Dewan             1. Preparing the composition and nomination process for members
         Komisaris dan Direksi;                                               of the Board of Commissioners and the Board of Directors;
      2. Menyusun kebijakan dan kriteria yang dibutuhkan dalam            2. Developing policies and criteria required in the nomination
         proses nominasi anggota Dewan Komisaris dan Direksi;                 process for members of the Board of Commissioners and the
                                                                              Board of Directors;
      3. Melaksanakan evaluasi kinerja anggota Dewan Komisaris dan        3. Conducting performance assessment of members of the
         Direksi;                                                             Board of Commissioners and the Board of Directors;
      4. Menyusun program pengembangan kemampuan anggota                  4. Developing training programs for members of the Board of
         Dewan Komisaris dan Direksi;                                         Commissioners and the Board of Directors;
      5. Menelaah dan mengusulkan calon yang telah memenuhi               5. Reviewing and proposing qualified candidates for members
         syarat sebagai anggota Dewan Komisaris dan Direksi;                  of the Board of Commissioners and Board of Directors;
      6. Menyusun struktur dan kebijakan remunerasi anggota Dewan         6. Establishing remuneration structure and policies for members
         Komisaris dan Direksi; dan                                           of the Board of Commissioners and Board of Directors; and
      7. Menyusun besaran atas remunerasi anggota Dewan Komisaris         7. Determining the remuneration amount for members of the
         dan Direksi.                                                         Board of Commissioners and the Board of Directors.




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                                                                                                              Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




Komite Pengeluaran
Expenditure Committee




Komite Pengeluaran merupakan komite yang membantu Direksi            The Expenditure Committee is an organ in charge of coordinating,
terkait koordinasi, penyusunan, dan penyetujuan rencana              compiling, and approving plans for expenditures and/or purchases
pengeluaran dan/atau pembelian atas nama Perseroan yang              to be issued quarterly.
dikeluarkan setiap tiga bulan sekali.



Dasar Hukum Pembentukan                                              Legal Basis of Appointment

Dasar hukum yang menjadi pedoman pembentukan Komite                  Legal basis that guides the Expenditure Committee establishment
Pengeluaran adalah kebijakan tata kelola perusahaan dan prosedur     is the Corporate Governance Policy and procedures through the
melalui Piagam Komite Pengeluaran.                                   Expenditure Committee Charter.



Tugas dan Tanggung Jawab Komite                                      Duties and Responsibilities of
Pengeluaran                                                          Expenditure Committee

Sebagaimana telah diatur dalam Piagam Komite Pengeluaran,            As stipulated in the Expenditure Committee Charter, the main
tugas dan tanggung jawab utama dari Komite Pengeluaran adalah        duties and responsibilities of Expenditure Committee include
memantau, meninjau, dan menyetujui rencana pengeluaran dan/          monitoring, reviewing, and approving proposed quarterly
atau pembelian triwulan yang diusulkan.                              expenditure and/or purchasing plans.



Komposisi dan Profil Komite Pengeluaran                              Composition and Profile of Expenditure
                                                                     Committee

Komposisi Komite Pengeluaran paling kurang terdiri dari 3 orang      The composition of the Company’s Expenditure Committee consists
anggota yang berasal dari Direksi Perseroan yang memiliki latar      of at least 3 members who are from the Company’s Board of Directors
belakang pendidikan pertambangan dan akuntansi.                      and have backgrounds in mining and accounting education.

Berikut komposisi anggota Komite Pengeluaran Perseroan yang          Below is the composition of the Company’s Expenditure
diangkat berdasarkan Berita Acara Keputusan Rapat tanggal            Committee, appointed based on the Minutes of Meeting Decision
30 Mei 2022 (2022-sekarang):                                         dated May 30, 2022 (2022-present), as follows:
Ketua     : Hidayat Dwiputro Sulaksono                               Chairman : Hidayat Dwiputro Sulaksono
Anggota : Rudy Suhendra                                              Member : Rudy Suhendra
Anggota : Scott Gerald Atkinson                                      Member : Scott Gerald Atkinson



Profil Komite Pengeluaran                                            Profile of Expenditure Committee

Profil lengkap anggota Komite Pengeluaran dapat dilihat pada bab     Complete profiles of the Expenditure Committee members can be
Profil Perusahaan bagian Profil Direksi dalam Laporan Tahunan ini.   found in the Company Profile section under the Board of Directors
                                                                     Profile in this Annual Report.



Pernyataan Independensi Komite                                       Statement of Independence of the
Pengeluaran                                                          Expenditure Committee

Komite Pengeluaran bertindak secara independen, mandiri, dan         The Expenditure Committee acts independently, autonomously,
profesional, serta menjalankan tugas dan tanggung jawabnya tanpa     and professionally, carrying out its duties and responsibilities
adanya benturan kepentingan atau pengaruh dari pihak manapun.        without any conflicts of interest or influence from any party.



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      Rapat Komite Pengeluaran                                              Expenditure Committee’s Meetings
      Kebijakan Rapat Komite Pengeluaran                                    Expenditure Committee’s Meeting Policy
      Berdasarkan Piagam Komite Pengeluaran, Komite Pengeluaran             Based on Expenditure Committee Charter, the Expenditure
      diwajibkan menyelenggarakan rapat minimal 1 kali dalam 3 bulan.       Committee is required to hold a meeting at least once every 3
      Rapat tersebut juga dapat dilaksanakan sewaktu-waktu apabila          months. Such meeting shall also be held at any time deemed
      dianggap perlu.                                                       necessary.

      Tingkat Kehadiran Rapat Komite Pengeluaran                            Attendance Level of Expenditure Committee’s
                                                                            Meetings
      Frekuensi dan tingkat kehadiran rapat masing-masing anggota           The frequency and attendance level of each Expenditure
      Komite Pengeluaran selama tahun 2023 diuraikan sebagai berikut:       Committee member in the meetings in 2023 are outlined as follows:


                 Nama                         Jabatan             Total Rapat               Total Kehadiran
                                                                                                                             (%)
                 Name                         Position           Total Meeting             Total Attendance

                                    Ketua                               4                          4                        100,00
       Hidayat Dwiputro Sulaksono
                                    Chairman

                                    Anggota                             4                          4                        100,00
       Rudy Suhendra
                                    Member

                                    Anggota                             4                          4                        100,00
       Scott Gerald Atkinson
                                    Member



      Pengembangan Kompetensi Komite                                        Competency Development of Expenditure
      Pengeluaran                                                           Committee

      Informasi pelatihan dan/atau peningkatan anggota Komite               Information on training and/or development programs for members
      Pengeluaran di tahun 2023 dapat dilihat pada Pelatihan dan/atau       of the Expenditure Committee in 2023 can be found in the Training
      Peningkatan Kompetensi Dewan Komisaris dan Direksi dalam              and/or Competency Development for the Board of Commissioners
      Laporan Tahunan ini.                                                  and Board of Directors section of this Annual Report.



      Pelaksanaan Tugas Komite Pengeluaran                                  Implementation of Expenditure
                                                                            Committee’s Duties

      Sepanjang tahun 2023, Komite Pengeluaran telah melaksanakan           Throughout 2023, the Expenditure Committee performed its duties
      tugas dan tanggung jawabnya yang berpedoman pada kebijakan tata       and responsibilities in accordance with the corporate governance
      kelola perusahaan dan prosedur, sebagaimana diatur dalam Piagam       policy and procedures, as stipulated in the Expenditure Committee
      Komite Pengeluaran yang meliputi kegiatan memantau, meninjau,         Charter. These activities include monitoring, reviewing, and
      dan menyetujui rencana pengeluaran belanja modal Perseroan.           approving the Company’s capital expenditure plans.




      Komite Investasi
      Investment Committee


      Komite Investasi merupakan komite yang membantu Direksi               The Investment Committee is a committee that assists the Board
      dalam meninjau dan menyetujui strategi korporasi atau investasi       of Directors in reviewing and approving proposed corporate or
      yang diusulkan.                                                       investment strategies.




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                                                                                                             Tata Kelola Perusahaan
                                                                                                         Good Corporate Governance




Dasar Hukum Pembentukan                                              Legal Basis of Establishment

Dasar hukum yang menjadi pedoman pembentukan Komite                  The legal basis that guides the Investment Committee
Investasi adalah kebijakan tata kelola perusahaan dan prosedur       establishment is the corporate governance policy and procedures
melalui Piagam Komite Investasi.                                     through the Investment Committee Charter.



Tugas dan Tanggung Jawab Komite                                      Duties and Responsibilities of Investment
Investasi                                                            Committee

Sebagaimana telah diatur dalam Piagam Komite Investasi, tugas        As stipulated in the Investment Committee Charter, the main
dan tanggung jawab utama dari Komite Investasi adalah meninjau       duties and responsibilities of Investment Committee is to review
dan menyetujui strategi korporasi atau investasi yang diusulkan,     and approve corporate strategy or proposed investment, in the
baik dalam bentuk penggabungan usaha dan/atau akuisisi,              form of merger and/or acquisition, loan refinancing, and project
pembiayaan kembali pinjaman, hingga ekspansi proyek atau             or plant expansion.
perluasan pabrik.



Komposisi dan Masa Jabatan Komite                                    Composition and Term of Office of
Investasi                                                            Investment Committee

Komposisi Komite Investasi paling kurang terdiri dari 3 orang        The composition of the Company’s Investment Committee
anggota yang berasal dari Direksi Perseroan yang memiliki latar      consists of at least 3 members who are from the Company’s Board
belakang pendidikan pertambangan dan akuntansi.                      of Directors and have backgrounds in mining and accounting
                                                                     education.


Berikut komposisi anggota Komite Investasi Perseroan yang            Below is the composition of the Company’s Investment
diangkat berdasarkan Berita Acara Keputusan Rapat tanggal            Committee, appointed based on the Minutes of Meeting Decision
30 Mei 2022 (2022-sekarang):                                         dated May 30, 2022 (2022-present), as follows:
Ketua     : Rudy Suhendra                                            Chairman : Rudy Suhendra
Anggota : Hidayat Dwiputro Sulaksono                                 Member : Hidayat Dwiputro Sulaksono
Anggota : Scott Gerald Atkinson                                      Member : Scott Gerald Atkinson



Profil Komite Investasi                                              Profile of Investment Committee

Profil lengkap anggota Komite Investasi dapat dilihat pada bab       Complete profiles of the Investment Committee members can be
Profil Perusahaan bagian Profil Direksi dalam Laporan Tahunan ini.   found in the Company Profile section under the Board of Directors
                                                                     Profile in this Annual Report.



Pernyataan Independensi Komite                                       Statement of Independence of the
Investasi                                                            Investment Committee

Komite Investasi bertindak secara independen, mandiri, dan           The Investment Committee acts independently, autonomously,
profesional, serta menjalankan tugas dan tanggung jawabnya tanpa     and professionally, carrying out its duties and responsibilities
adanya benturan kepentingan atau pengaruh dari pihak manapun.        without any conflicts of interest or influence from any party.



Rapat Komite Investasi                                               Investment Committee’s Meetings
Kebijakan Rapat Komite Investasi                                     Investment Committee’s Meeting Policy
Berdasarkan Piagam Komite Investasi, Komite Investasi                Based on Investment Committee Charter, the Investment
diwajibkan menyelenggarakan rapat minimal 1 kali dalam 3 bulan.      Committee is required to hold a meeting at least once every 3
Rapat tersebut juga dapat dilaksanakan sewaktu-waktu apabila         months. Such meeting shall also be held at any time deemed
dianggap perlu.                                                      necessary.




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      Tingkat Kehadiran Rapat Komite Investasi                                 Attendance Level of Investment Committee’s
                                                                               Meetings
      Frekuensi dan tingkat kehadiran rapat masing-masing anggota              The frequency and attendance level of each Investment
      Komite Investasi selama tahun 2023 diuraikan sebagai berikut:            Committee member in the meetings are outlined as follows:


                 Nama                         Jabatan                Total Rapat               Total Kehadiran
                                                                                                                                  (%)
                 Name                         Position              Total Meeting             Total Attendance

                                    Ketua
       Rudy Suhendra                                                       4                           4                         100,00
                                    Chairman

                                    Anggota
       Hidayat Dwiputro Sulaksono                                          4                           4                         100,00
                                    Member

                                    Anggota
       Scott Gerald Atkinson                                               4                           4                         100,00
                                    Member




      Pengembangan Kompetensi Komite                                           Competency Development of Investment
      Investasi                                                                Committee

      Informasi pelatihan dan/atau peningkatan anggota Komite                  Information on training and/or development programs for members
      Investasi di tahun 2023 dapat dilihat pada Pelatihan dan/atau            of the Investment Committee in 2023 can be found in the Training
      Peningkatan Kompetensi Dewan Komisaris dan Direksi dalam                 and/or Competency Development for the Board of Commissioners
      Laporan Tahunan ini.                                                     and Board of Directors section of this Annual Report.



      Pelaksanaan Tugas Komite Investasi                                       Implementation of Investment
                                                                               Committee’s Duties

      Sepanjang tahun 2023, Komite Investasi telah melaksanakan tugas          Throughout 2023, the Investment Committee performed its duties
      dan tanggung jawabnya yang berpedoman pada kebijakan tata                and responsibilities in accordance with the corporate governance
      kelola perusahaan dan prosedur, sebagaimana diatur dalam Piagam          policy and procedures, as stipulated in the Investment Committee
      Komite Investasi yang meliputi kegiatan memantau, meninjau, dan          Charter. These activities include monitoring, reviewing, and
      menyetujui rencana pengeluaran belanja modal Perseroan.                  approving the Company’s capital expenditure plans.




      Sekretaris Perusahaan
      Corporate Secretary


      Sekretaris Perusahaan berperan penting dalam menjaga hubungan            Corporate Secretary plays a crucial role in maintaining relationship
      antara Perseroan dengan pemangku kepentingan melalui publikasi           between the Company and stakeholders through publication
      aktivitas perusahaan, serta memelihara kewajaran, konsistensi,           of corporate activities, as well as ensuring appropriateness,
      dan transparansi mengenai hal-hal terkait tata kelola perusahaan         consistency, and transparency on corporate governance matters
      dan tindakan korporasi. Selain itu, Sekretaris Perusahaan berperan       and corporate actions. Additionally, the Corporate Secretary
      dalam memonitor kepatuhan Perseroan terhadap peraturan                   is responsible for monitoring the Company’s compliance with
      perundang-undangan di bidang pasar modal.                                regulations in the capital market sector.



      Piagam Sekretaris Perusahaan                                             Corporate Secretary Charter

      Sekretaris Perusahaan menjalankan tugas dan tanggung jawab               The Corporate Secretary carries out duties and responsibilities
      dengan berpedoman pada Peraturan Otoritas Jasa Keuangan                  guided by the Financial Services Authority Regulation
      No. 35/POJK.04/2014 tentang Sekretaris Perusahaan Emiten                 No. 35/POJK.04/2014 on Corporate Secretary of Issuers or Public
      atau Perusahaan Publik serta Anggaran Dasar Perseroan.                   Companies as well as the Company’s Articles of Association.




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                                                                                                              Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




Profil Sekretaris Perusahaan                                      Profile of Corporate Secretary
Hidayat Dwiputro Sulaksono                                        Hidayat Dwiputro Sulaksono
Sekretaris Perusahaan                                             Corporate Secretary


Diangkat sebagai Sekretaris Perusahaan berdasarkan Keputusan      Appointed as the Corporate Secretary based on the Board of
Direksi secara Sirkuler sebagai Pengganti Rapat Direksi tanggal   Directors’ Circular Decision in lieu of the Board of Directors’s Meeting
5 Januari 2023. Informasi lengkap terkait profil Sekretaris       dated January 5, 2023. Complete information regarding the profile of
Perusahaan dapat dilihat pada bab Profil Perusahaan.              the Corporate Secretary can be found in the Company Profile section.



Tugas dan Tanggung Jawab Sekretaris                               Duties and Responsibilities of Corporate
Perusahaan                                                        Secretary

Sekretaris Perusahaan memiliki tugas dan tanggung jawab           The Corporate Secretary has the following duties and
sebagai berikut:                                                  responsibilities:
1. Memastikan kepatuhan Perseroan terhadap segala peraturan       1. Ensuring the Company’s compliance with all applicable
   yang berlaku serta pelaksanaan GCG;                                regulations and GCG implementation;
2. Mengikuti perkembangan pasar modal, khususnya peraturan-       2. Keeping up with capital market development, especially
   peraturan yang berlaku di bidang pasar modal;                      regulations applicable in the capital market sector;
3. Memberikan pelayanan atas setiap informasi yang dibutuhkan     3. Providing services for any information requied by investors
   pemodal yang berkaitan dengan kondisi Perseroan;                   related to the Company’s condition;
4. Memberikan masukan kepada Direksi untuk mematuhi               4. Providing input to the Board of Directors to comply with
   ketentuan Undang-Undang Pasar Modal dan peraturan                  the provisions of Capital Market Law and its implementing
   pelaksanannya; dan                                                 regulations; and
5. Menjadi penghubung atau contact person antara Perseroan        5. As a liaison or contact person between the Company and the
   dengan lembaga otoritas, seperti Otoritas Jasa Keuangan,           authorities, such as Financial Services Authority, and the
   dan masyarakat.                                                    public.



Pengembangan Kompetensi Sekretaris                                Competency Development of Corporate
Perusahaan                                                        Secretary

Informasi pelatihan dan/atau peningkatan Sekretaris Perusahaan    Information on training and/or development programs Corporate
di tahun 2023 dapat dilihat pada Pelatihan dan/atau Peningkatan   Secretary in 2023 can be found in the Training and/or Competency
Kompetensi Dewan Komisaris dan Direksi dalam Laporan              Development for the Board of Commissioners and Board of
Tahunan ini.                                                      Directors section of this Annual Report.



Pelaksanaan Tugas Sekretaris                                      Implementation of Corporate Secretary’s
Perusahaan                                                        Duties

Sepanjang tahun 2023, Sekretaris Perusahaan telah                 Throughout 2023, Corporate Secretary performed its duties and
melaksanakan tugas dan tanggung jawabnya yang meliputi:           responsibilities, including:
1. Berkorespondensi dengan Bursa Efek Indonesia dan Otoritas      1. Correspondence with Indonesia Stock Exchange and
   Jasa Keuangan sebagai regulator pasar modal;                       Financial Services Authority as capital market regulators;
2. Memberikan masukan kepada Direksi untuk mematuhi ketentuan     2. Provided input to the Board of Directors to comply with the
   Undang-Undang Pasar Modal dan peraturan pelaksanaannya;            provisions of Capital Market Law and its implementing regulations;
3. Mewakili Dewan Komisaris dan Direksi dalam menjalankan         3. Represented the Board of Commissioners and Board of
   GCG meliputi:                                                      Directors in GCG implementation, such as:
   a. Penyampaian laporan secara tepat waktu kepada                   a. Submitting report promptly to the regulators, including
       regulator, termasuk Bursa Efek Indonesia dan Otoritas              Indonesia Stock Exchange and Financial Services
       Jasa Keuangan;                                                     Authority;
   b. Penyampaian keterbukaan informasi secara tepat waktu            b. Delivering information disclosure promptly to the public
       kepada publik dan ketersediaan informasi pada situs web            and ensuring information availability on the Company’s
       perusahaan; serta                                                  website; and
   c. Mengorganisir dan mendokumnetasikan rapat Dewan                 c. Organizing and documenting the Board of Commissioners
       Komisaris dan/atau Direksi, dan RUPS.                              and/or Board of Directors meetings and the GMS.
4. Menjadi penghubung antara Perseroan dengan para                4. Became a liaison between the Company and stakeholders.
   pemangku kepentingan.                                                                                      PT Archi Indonesia Tbk
                                                                                                                    2023 Annual Report
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      Unit Audit Internal
      Internal Audit Unit




      Perseroan membentuk Unit Audit Internal guna memberikan pendapat         The Company has established an Internal Audit Unit to provide
      profesional, independen, dan objektif kepada Direksi terhadap            professional, independent, and objective opinions to the Board of
      aktivitas dan operasi Perseroan. Lebih jauh, fungsi dari Unit Audit      Directors on the Company’s activities and operations. The Internal
      Internal adalah untuk memberikan assurance dan konsultasi yang           Audit Unit also functions to provide independent and objective
      bersifat independen dan objektif, yang sesuai kebutuhan Perseroan.       assurance and consulting services as required by the Company.



      Piagam Unit Audit Internal                                               Internal Audit Unit Charter

      Unit Audit Internal memiliki Piagam Internal Audit yang telah disahkan   The Internal Audit Unit has an Internal Audit Charter, which has
      sejak tanggal 10 Februari 2021.                                          been approved since February 10, 2021.



      Tugas dan Tanggung Jawab Unit Audit                                      Duties and Responsibilities of Internal
      Internal                                                                 Audit Unit

      Tugas dan tanggung jawab Unit Audit Internal diuraikan sebagai           The duties and responsibilities of Internal Audit Unit can be
      berikut:                                                                 described as follows:
      1. Membantu untuk memfasilitasi penilaian risiko;                        1. Assisting to facilitate risk assessment;
      2. Memiliki akses atas pemantauan dan hasil audit;                       2. Having access to monitoring and results of audit;
      3. Melakukan kerja sama dengan divisi bisnis Perseroan;                  3. Collaborating with the Company’s business divisions;
      4. Mempertahankan ketaatan terkait dengan standar                        4. Maintaining compliance related to the implementing and
          pelaksanaan dan disiplin;                                               discipline standards;
      5. Menyusun dan melaksanakan rencana audit internal tahunan;             5. Preparing and carrying out annual internal audit plan;
      6. Menguji dan mengevaluasi pelaksanaan pengendalian intern              6. Testing and evaluating the implementation of internal control
          dan sistem manajemen risiko sesuai dengan kebijakan                     and risk management system following the Company’s
          Perseroan;                                                              policies;
      7. Melakukan pemeriksaan dan penilaian atas efisiensi dan                7. Conducting inquiry and assessment on the efficiency and
          efektivitas di bidang keuangan, akuntansi, operasional,                 effectiveness in the fields of finance, accounting, operations,
          sumber daya manusia, pemasaran, teknologi informasi, dan                human resources, marketing, information technology, and
          kegiatan lainnya;                                                       other activities;
      8. Memberikan saran perbaikan dan informasi yang objektif                8. Providing suggestions for improvement and objective
          tentang kegiatan yang diperiksa pada semua tingkat                      information on audited activities at all management levels;
          manajemen;
      9. Melakukan pemeriksaan dan penilaian atas efisiensi dan                9. Conducting inquiry and assessment on the efficiency and
          efektivitas di bidang keuangan, akuntansi, operasional,                  effectiveness in the fields of finance, accounting, operations,
          sumber daya manusia, pemasaran, teknologi informasi, dan                 human resources, marketing, information technology and
          kegiatan lainnya;                                                        other activities;
      10. Membuat laporan hasil audit dan menyampaikan laporan                 10. Preparing report on audit results and submitting it to the
          tersebut kepada Direktur Utama Perseroan dan Komite Audit                Company’s President Director and Audit Committee;
          Perseroan;
      11. Memantau, menganalisis, dan melaporkan pelaksanaan tindak            11. Monitoring, analyzing, and reporting the implementation of
          lanjut perbaikan yang telah disarankan oleh Unit Audit Internal          follow-up on improvements suggested by Internal Audit Unit
          dalam Perseroan;                                                         in the Company;
      12. Melakukan kerja sama dengan Komite Audit Perseroan;                  12. Collaborating with the Company’s Audit Committee;
      13. Menyusun program untuk mengevaluasi mutu kegiatan audit              13. Preparing program to evaluate the quality of internal audit
          internal yang telah dikhususkan oleh Unit Audit Internal; dan            activities specialized by the Internal Audit Unit; and
      14. Melakukan pemeriksaan khusus apabila diperlukan.                     14. Conducting special audit if necessary.




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                                                                                                                              Tata Kelola Perusahaan
                                                                                                                          Good Corporate Governance




Struktur dan Kedudukan Unit Audit                                              Structure and Position of the Internal
Internal                                                                       Audit Unit

Berdasarkan Piagam Unit Audit Internal, Unit Audit Internal                    According to the Internal Audit Unit Charter, the Internal Audit
dipimpin oleh seorang Kepala Unit Audit Internal yang diangkat                 Unit is led by a Head of Internal Audit Unit, who is appointed and
dan diberhentikan oleh Direktur Utama atas persetujuan Dewan                   dismissed by the President Director with the approval of the Board
Komisaris. Penghentian Kepala Unit Audit Internal dilakukan                    of Commissioners. The termination of Head of Internal Audit
apabila Kepala Unit Audit Internal tidak memenuhi persyaratan                  Unit occurs if the Head of Internal Audit Unit fails to meet the
sebagai Auditor di Unit Audit Internal sebagaimana diatur                      requirements as an Auditor in the Internal Audit Unit as stipulated
dalam Pedoman Audit Internal dan/atau gagal atau tidak cakap                   in the Internal Audit Charter and/or fails or is incompetent in
menjalankan tugas.                                                             performing duties.


Dalam menjalankan tugasnya, Kepala Unit Audit Internal bertanggung             In carrying out the duties, the Head of Internal Audit Unit is
jawab kepada Direktur Utama sedangkan auditor yang duduk dalam                 accountable to the President Director, while auditors within the
Unit Audit Internal bertanggung jawab secara langsung kepada                   Internal Audit Unit are directly accountable to the Head of Internal
Kepala Unit Audit Internal. Hingga 31 Desember 2023, Unit Internal             Audit Unit. As of December 31, 2023, the Internal Audit Unit is
Audit didukung oleh 1 Kepala Unit Audit Internal dan 1 anggota.                supported by 1 Head of Internal Audit Unit and 1 member.



Profil Kepala Unit Audit Internal                                              Profile of the Chairman of Internal Audit Unit

                                                              REIN SANDI BONGGO
                                                              Unit Audit Internal
                                                              Internal Audit Unit

                                                              Dasar Hukum Pengangkatan
                                                              Legal Basis of Appointment
                                                              Keputusan Direksi dan Dewan Komisaris tanggal 31 Juli 2023.
                                                              Decision of Board of Directors and Board of Commissioners dated July 31, 2023.

                                                              Riwayat Pendidikan
                                                              Educational Background
                                                              •   Magister di bidang Bisnis dari Institut Teknonlogi & Bisnis (2023); dan
                                                              •   Sarjana Akuntansi dari Universitas Pelita Harapan (2008).
                                                              •   Master of Business from Institut Teknologi & Bisnis (2023); and
                                                              •   Bachelor of Accountinig from Universitas Pelita Harapan (2008).

                                                              Pengalaman Kerja
                                                              Work Experience
                                                              •   Internal Audit Perseroan (2021-2023);
                                                              •   Management Accounting Superintendent Bukit Baiduri Energy Group (2013-2021);
          Kewarganegaraan                                     •   Internal Audit Supervisor PT Bukit Makmur Mandiri Utama (2010-2013);
          Nationality                                         •   Senior Internal Auditor PT Adaro Energy Tbk (2010);
          Indonesia                                           •   Junior Internal Auditor PT Indomobil Finance Indonesia (2009-2010); dan
                                                              •   Junior Auditor Deloitte (2008).
          Usia
                                                              •   Internal Audit of the Company (2021-2023);
          Age                                                 •   Management Accounting Superintendent at Bukit Baiduri Energy Group (2013-2021);
          37 Tahun / years old                                •   Internal Audit Supervisor at PT Bukit Makmur Mandiri Utama (2010-2013);
                                                              •   Senior Internal Auditor at PT Adaro Energy Tbk (2010);
          Domisili                                            •   Junior Internal Auditor at PT Indomobil Finance Indonesia (2009-2010); and
          Domicile                                            •   Junior Auditor at Deloitte (2008).
          Jakarta

          Hubungan Afiliasi                                   Rangkap Jabatan
          Affiliation Relationship                            Concurrent Position
          Tidak mmiliki hubungan afiliasi dengan              Tidak memiliki rangkap jabatan di dalam dan/atau luar Perseroan dan Entitas Anak.
          anggota Dewan Komisaris, Direksi, serta             Has no concurrent position inside and/or outside the Company and Subsidiaries.
          Pemegang Saham Utama dan Pengendali,
          baik langsung maupun tidak langsung
          sampai kepada pemilik akhir individu.
          Has no affiliation with members of the Board
          of Commissioners, Board of Directors, as well
          as the Majority and Controlling Shareholders,
          either directly or indirectly, up to the ultimate
          individual owners.




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Page 150
      Kualifikasi/Sertifikasi Auditor Internal                                    Qualification/Certification of Internal
                                                                                  Auditor

      Kepala Unit Audit Internal telah memiliki sertifikasi sebagai profesi       The Head of Internal Audit Unit holds certification as a Certified
      Audit Internal, yaitu:                                                      Internal Auditor (CIA), as follows:
      1. Certified Internal Audit Professional (2022);                            1. Certified Internal Audit Professional (2022);
      2. ISO 9001 Certification Quality Management Standards (2022);              2. ISO 9001 Certification Quality Management Standards (2022);
      3. ISOIEC 27001 Information Security Associate (2022);                      3. ISOIEC 27001 Information Security Associate (2022);
      4. Certified Professional IT Auditor (2022);                                4. Certified Professional IT Auditor (2022);
      5. Certified Fraud Investigator Professional (2022); dan                    5. Certified Fraud Investigator Professional (2022); and
      6. Chartered Accountant (passed 4 tests of 7) (2020).                       6. Chartered Accountant (passed 4 tests of 7) (2020).



      Rapat Unit Unit Audit Internal                                              Internal Audit Unit’s Meetings

      Unit Audit Internal Perseroan melakukan rapat secara berkala dengan         The Internal Audit Unit of the Company holds regular meetings
      Dewan Komisaris, Direksi, dan Komite Audit guna menyampaikan                with the Board of Commissioners, Board of Directors, and Audit
      laporan hasil audit. Pada tahun 2023, Unit Audit Internal telah             Committee to present audit findings. In 2023, the Internal Audit
      melaksanakan rapat sebanyak 4 kali.                                         Unit conducted a total of 4 meetings.



      Pengembangan Kompetensi Unit Audit                                          Competency Development of Internal
      Internal                                                                    Audit Unit

      Pengembangan kompetensi yang diikuti oleh Unit Audit Internal               The competency development programs attended by the Internal
      selama tahun 2023 diuraikan sebagai berikut:                                Audit Unit throughout 2023 are outlined as follows:


                       Materi Pengembangan Kompetensi                                   Waktu     Tempat                 Penyelenggara
                       Competency Development Material                                  Date       Venue                   Organizer
                                                                                 Desember
       Conference: Sweden-Indonesia Sustainability Partnership Conference 2023                    Jakarta    Embassy of Sweden
                                                                                 December

       Studi Umum: ChatGPT and AI in Business                                    Juni
                                                                                                  Malang     Institut Teknologi dan Bisnis Asia Malang
       General Study: ChatGPT and AI in Business                                 June




      Pelaksanaan Tugas Unit Audit Internal                                       Implementation of Internal Audit Unit’s
                                                                                  Duties

      Sepanjang tahun 2023, Unit Audit Internal telah melaksanakan                Throughout 2023, the Internal Audit Unit performed the following
      tugas dan tanggung jawab sebagai berikut:                                   duties and responsibilities:
      1. Memberikan assurance dan usulan terkait proses bisnis yang               1. Providing assurance and recommendations regarding
          ada untuk memastikan sistemnya berjalan dengan efektif dan                  existing business processes to ensure their effective and
          efisien, serta selaras dengan objektif Perseroan;                           efficient operation, as well as alignment with the Company’s
                                                                                      objectives;
      2. Memberikan usulan peningkatan pengendalian internal (jika                2. Providing recommendations for improving internal control (if
         diperlukan); serta                                                           necessary); and
      3. Memastikan setiap proses bisnis terhubung satu sama lain                 3. Ensuring that each business process is interconnected to
         guna meminimalisasi gangguan komunikasi.                                     minimize communication disruptions.




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                                                                                                              Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




Sistem Pengendalian Internal
Internal Control System



Komitmen Perseroan dalam meningkatkan kualitas penerapan GCG         The Company’s commitment to continuously improving the quality
secara berkelanjutan salah satunya diwujudkan dengan membentuk       of GCG implementation is realized by establishing an internal
sistem pengendalian internal. Sistem pengendalian internal disusun   control system. The internal control system is established to
agar dapat memberikan keyakinan kepada pemangku kepentingan          provide assurance to stakeholders that operations run effectively
bahwa pelaksanaan operasional berjalan secara efektif dan            and efficiently, financial statements are accurate and reliable,
efisien, laporan keuangan yang akurat dan dapat diandalkan, serta    and the Company complies with the applicable regulations.
kepatuhan terhadap peraturan yang berlaku. Berikut implementasi      The following is the internal control system implemented in the
sistem pengendalian internal yang diterapkan di Perseroan:           Company:
1. Pengendalian Keuangan                                             1. Finance Control
     Sistem pengendalian keuangan Perseroan diterapkan dengan            The Company’s financial control system is implemented
     menyediakan informasi keuangan sesuai dengan standar                by providing financial information in accordance with the
     akuntansi yang berlaku. Guna memenuhi tujuan tersebut,              applicable accounting standards. To meet such objectives, all
     seluruh penilaian laporan keuangan yang relevan yang                relevant financial statement assessments on all significant
     terkait dengan semua akun dan pengungkapan penting perlu            accounts and disclosures shall be handled. The Company
     ditangani. Perseroan memberikan mandat kepada Kantor                provides a mandate to Public Accounting Firm Purwantono,
     Akuntan Publik Purwantono, Sungkoro & Surja (anggota firma          Sungkoro & Surja (a member firm of Ernst & Young Global
     Ernst & Young Global Limited) untuk melakukan pemeriksaan           Limited) to conduct a comprehensive audit on the Company’s
     secara komprehensif atas catatan keuangan perusahaan.               financial records.
2. Pengendalian Operasional                                          2. Operational Control
     Penerapan pengendalian internal yang berkaitan dengan               The implementation of internal control related to operational
     tujuan operasional membantu manajemen untuk memahami                objectives helps the management understand the extent
     sejauh mana tujuan operasional Perseroan tercapai. Dalam            to which the Company’s operational objectives have been
     praktiknya, pengendalian operasional dilakukan dengan               achieved. In practice, operational control is conducted
     menerapkan kebijakan dan prosedur yang membantu                     by applying policies and procedures that help achieve
     pencapaian tujuan operasional dan secara wajar memastikan           operational objectives and reasonably ensure compliance
     kepatuhan terhadap undang-undang dan peraturan yang                 with the applicable laws and regulations. Operational and
     berlaku. Tujuan operasional dan kepatuhan juga relevan untuk        compliance objectives are also relevant to achieving financial
     pencapaian sasaran pelaporan keuangan. Oleh karenanya,              reporting goals. Therefore, in establishing and evaluating
     dalam menetapkan dan mengevaluasi pengendalian internal             internal control over financial reporting and disclosure,
     atas pelaporan dan pengungkapan keuangan, semua proses              all processes beyond financial reporting must also be
     di luar pelaporan keuangan juga harus dipertimbangkan.              considered.
3. Pengendalian Kepatuhan                                            3. Compliance Control
     Perseroan terus berupaya mematuhi hukum, peraturan, serta           The Company strives to comply with laws, regulations, and
     rekomendasi dari regulator agar kegiatan usaha Perseroan            recommendations from regulators so that the Company’s
     dapat berjalan dengan baik dan sesuai dengan peraturan              business activities can run properly and in accordance with
     perundang-undangan yang berlaku.                                    the applicable laws and regulations.



Tinjauan atas Efektivitas Sistem                                     Review of the Effectiveness of Internal
Pengendalian Internal                                                Control System

Perseroan telah melakukan evaluasi atas efektivitas sistem           The Company evaluated the internal control system effectiveness
pengendalian internal di tahun 2023 melalui kegiatan Unit Audit      in 2023 through Internal Audit Unit’s activities related to risk
Internal terkait dengan pengelolaan risiko. Perbaikan atas sistem    management. Improvements to the internal control system are
pengendalian internal dilakukan secara berkelanjutan dan diawasi     continuously carried out and monitored to ensure that:
pelaksanaannya guna memastikan:
1. Prosedur kerja sesuai dengan praktik terbaik yang ada;            1.   Work procedures are in line with the existing best practices;
2. Semua prosedur kerja terhubung;                                   2.   All work procedures are linked;
3. Risiko yang menghambat telah teridentifikasi; serta               3.   Obstructing risks have been identified; and
4. Kontrol yang efektif dan efisien telah diterapkan untuk           4.   Effective and efficient controls are in place to detect and
    mendeteksi dan memitigasi risiko.                                     mitigate risks.



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      Pernyataan Dewan Komisaris dan Direksi                                          Statement of the Board of Commissioners
      atas Kecukupan Sistem Pengendalian                                              and Board of Directors on the Adequacy
      Internal                                                                        of Internal Control System

      Berdasarkan evaluasi pelaksanaan sistem pengendalian internal                   Based on the internal control system evaluation throughout 2023,
      yang dilakukan, sepanjang tahun 2023, Dewan Komisaris dan                       the Board of Commissioners and Board of Directors considered
      Direksi menilai sistem pengendalian internal Perseroan telah                    that the Company’s internal control system run effectively, and
      berjalan dengan efektif, sehingga aktivitas bisnis dapat dijalankan             therefore, business activities could be carried out in accordance
      sesuai dengan peraturan dan perundang-undangan yang berlaku.                    with the applicable laws and regulations.




      Sistem Manajemen Risiko
      Risk Management System



      Dalam menjalankan kegiatan usaha, Perseroan tentunya                            In conducting its business activities, the Company inevitably
      menghadapi perubahan lingkungan bisnis yang dinamis serta                       faces dynamic changes in the business environment as well as
      kendala dan risiko bisnis. Dalam mengantisipasi dan menghadapi                  obstacles and business risks. To anticipate and address potential
      risiko yang mungkin akan timbul, baik dari faktor internal maupun               risks, both internal and external factors, the Company strives to
      eksternal, maka Perseroan berupaya untuk memitigasi risiko                      mitigate risks through the implementation of a risk management
      melalui penerapan sistem manajemen risiko.                                      system.



      Penerapan Sistem Manajemen Risiko                                               Implementation of Risk Management
                                                                                      System

      Perseroan menerapkan sistem manajemen risiko berdasarkan                        The Company adopts a risk management system based on
      ISO 31000:2018. Standar mutu tersebut menjadi kerangka kerja                    ISO 31000:2018. This quality standard serves as a framework
      manajemen risiko dan menerapkan pendekatan 3 lini pertahanan                    for risk management and implements the three lines of defense
      yang melibatkan pemilik risiko sebagai lini pertama, pengawas                   approach, involving risk owners as the first line, risk supervisors
      risiko sebagai lini kedua, dan penyedia jaminan independen                      as the second line, and independent assurance providers as the
      sebagai lini ketiga untuk memitigasi risiko yang muncul.                        third line to mitigate emerging risks.



      Jenis Risiko dan Cara Pengelolaannya                                            Risk Types and How to Manage

      Perseroan melakukan identifikasi, analisis, evaluasi, dan                       The Company performs identification, analysis, evaluation,
      pengendalian risiko untuk mengetahui jenis risiko yang berpotensi               and control of risks to determine the types of risks that could
      memengaruhi kinerja Perseroan. Beberapa risiko utama beserta                    potentially affect its performance. Several key risks along with
      langkah mitigasi yang telah dirumuskan oleh Perseroan diuraikan                 mitigation steps formulated by the Company are outlined as
      sebagai berikut:                                                                follows:


            Jenis Risiko                             Identifikasi Risiko                                              Upaya Mitigasi
             Risk Type                               Risk Identification                                             Mitigation Efforts
       Risiko Kredit               Risiko bahwa mitra usaha tidak akan memenuhi kewajiban        Melakukan bisnis dengan pihak ketiga yang telah dikenal dan
       Credit RIsk                 berdasarkan instrumen keuangan atau kontrak pelanggan,        mempunyai kelayakan keuangan untuk mendapat kredit.
                                   sehingga mengakibatkan kerugian keuangan.                     Conducting business with third parties known to have financial
                                   Risk that business partners will not meet their obligations   eligibility for credit.
                                   based on financial instruments or customer contracts,
                                   resulting in financial losses.




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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                        Good Corporate Governance




     Jenis Risiko                            Identifikasi Risiko                                              Upaya Mitigasi
      Risk Type                              Risk Identification                                             Mitigation Efforts
Risiko Valuta Asing        Transaksi dengan beberapa valuta asing, misalnya Dolar        Memantau eksposur valuta asing dan akan mempertimbangkan
Foreign Exchange Risk      Australia (AUD), Rupiah (Rp), Dolar Singapura (SGD), Yen      untuk melakukan lindung nilai atas risiko valuta asing yang
                           Jepang (JPY), dan Euro (EUR).                                 signifikan jika diperlukan.
                           Transactions involving several foreign currencies, such as    Monitoring foreign exchange exposure and considering hedging
                           Australian Dollar (AUD), Indonesian Rupiah (IDR), Singapore   the significant foreign exchange risks if necessary.
                           Dollar (SGD), Japanese Yen (JPY), and Euro (EUR).
Risiko Likuiditas          Risiko yang timbul karena tidak memiliki arus kas yang        Memantau kebutuhan likuiditas dengan memonitor ketat
Liquidity Risk             cukup untuk memenuhi likuiditas.                              pembayaran utang terjadwal untuk liabilitas keuangan dan arus
                           Risk arising from insufficient cash flows to meet liquidity   kas keluar sehubungan dengan operasional sehari-hari.
                           needs.                                                        Monitoring liquidity requirements closely, including scheduled
                                                                                         debt payments for financial liabilities, and cash outflows
                                                                                         related to day-to-day operations.
Hubungan Masyarakat        Kegiatan operasional dapat menimbulkan gesekan dengan         Mengidentifikasi kebutuhan masyarakat sekitar tambang dan
Community Relationship     masyarakat sekitar, baik terkait dengan ekonomi maupun        membuat program tanggung jawab sosial yang tepat sasaran
                           isu lingkungan yang berdampak pada kegiatan operasional       dengan melibatkan seluruh komponen masyarakat, seperti
                           Perseroan.                                                    kepala desa, forum komunikasi kehutanan masyarakat, tokoh
                           Operational activities can cause conflict with the            masyarakat, dan masyarakat ring 1, 2, dan 3.
                           surrounding community, both related to the economy and        Identifying the needs of the community in the mine area
                           environmental issues that affect the Company’s operations.    and designing a targeted CSR program involving all social
                                                                                         components, such as village head, communication forum for
                                                                                         community forestry, community ceaders, and community
                                                                                         society 1, 2, and 3.
Cuaca                      Curah hujan yang tinggi dapat mengakibatkan banjir pada       Melakukan pemantauan atas curah hujan yang turun selama
Weather                    pit.                                                          musim penghujan serta menerapkan sistem manajemen air
                           Flooding may occur at the pit due to heavy rainfall.          tambang.
                                                                                         Monitoring rainfall during the rainy season and implementing a
                                                                                         mine water management system.
Kesehatan, Keselamatan,    Kecelakaan di lingkungan kerja dan pencemaran lingkungan.     • Mengidentifikasi proses yang berpotensi mengakibatkan
dan Lingkungan             Accidents in the work environment and environmental             kecelakaan dan/atau pencemaran lingkungan dengan
Health, Safety, and        pollution.                                                      senantiasa menjalankan kegiatan usaha sesuai prosedur
Environment (“HSE”)                                                                        operasi standar, termasuk penyediaan alat pelindung diri
                                                                                           yang memadai.
                                                                                         • Membangun kolam-kolam penampungan untuk mengolah
                                                                                           air sisa aktivitas operasional dan melakukan pengukuran
                                                                                           secara berkala guna memastikan air telah sesuai dengan
                                                                                           baku mutu yang dipersyaratkan sebelum di buang.
                                                                                         • Identifying processes that may lead to accidents and/
                                                                                           or environmental pollution by consistently conducting
                                                                                           business activities according to standard operating
                                                                                           procedures, including providing adequate personal
                                                                                           protective equipment.
                                                                                         • Constructing reservoirs to treat wastewater from
                                                                                           operational activities and regularly measuring to ensure the
                                                                                           water meets required quality standards before disposal.
Sosial dan Lingkungan      Kebijakan hukum terkait sosial dan lingkungan.                Menerapkan upaya-upaya pemantauan dan evaluasi
Social and Environmental   Legal policy related to social and environmental aspects.     berkelanjutan, pelatihan kesadaran karyawan terhadap standar
Policy                                                                                   keselamatan dan lingkungan, dan pemanfaatan teknologi.
                                                                                         Implementing continuous monitoring and evaluation
                                                                                         efforts, employee awareness training regarding safety and
                                                                                         environmental standards, and the utilization of technology.
Komponen Penting           Ketidaktersediaan komponen suku cadang utama atau             Mengidentifikasi      komponen-komponen         kritikal  yang
Critical Component         komponen produksi utama.                                      dibutuhkan untuk kegiatan operasional Perseroan serta
                           Unavailability of main spare parts or main production         membuat kontrak kerja sebagai jaminannya.
                           components.                                                   Identifying critical components required for the Company’s
                                                                                         operational activities and creating contracts as guarantees.
Gangguan Bisnis            Kerusakan smelter dan banjir di pit.                          Memiliki tim yang berpengalaman dalam mengoperasikan
Interruption               Smelter breakdown and floods in pit.                          dan melakukan perawatan pabrik, sebagai bentuk persiapan
                                                                                         terhadap gangguan yang disebabkan oleh hal-hal di luar kendali
                                                                                         Perseroan.
                                                                                         Having an experienced team to operate and maintain the
                                                                                         factory, as a preparation for disruptions caused by factors
                                                                                         beyond the Company’s control.
Ketersediaan Lahan         Ketidaksediaan lahan untuk melakukan kegiatan                 Melakukan pembelian lahan telah disesuaikan dengan rencana
Land Availability          operasional.                                                  penambangan dan umur tambang.
                           Unavailability of land to carry out operational activities.   Land acquisitions have been adjusted according to mining
                                                                                         plans and the lifespan of the mine.




                                                                                                                           PT Archi Indonesia Tbk
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      Tinjauan atas Efektivitas Sistem                                   Overview of the Effectiveness of Risk
      Manajemen Risiko                                                   Management System
      Penerapan sistem manajemen risiko senantiasa dievaluasi oleh       The implementation of risk management system is constantly
      Direksi dan Unit Audit Internal, di bawah pengawasan Dewan         evaluated by the Board of Directors and Internal Audit Unit,
      Komisaris dan Komite Audit. Proses evaluasi tersebut dilakukan     under the supervision of the Board of Commissioners and
      untuk mengetahui dan mengidentifikasi hal-hal yang kurang selama   Audit Committee. The evaluation process is carried out to find
      proses penerapan sistem manajemen risiko. Kemudian, Perseroan      out and identify matters that are lacking during the process of
      akan merumuskan metode yang tepat guna meningkatkan penerapan      implementing the risk management system. Then, the Company
      manajemen risiko sesuai dengan perkembangan bisnis Perseroan.      will formulate appropriate method to improve the risk management
                                                                         implementation in line with the Company’s business developments.



      Pernyataan Dewan Komisaris dan Direksi                             Statement of the Board of Commissioners
      atas Kecukupan Sistem Manajemen                                    and Board of Directors on Adequacy of
      Risiko                                                             Risk Management System

      Dewan Komisaris dan Direksi menilai Perseroan telah menerapkan     The Board of Commissioners and Board of Directors assessed
      sistem manajemen risiko yang komprehensif yang memiliki            that the Company implemented a comprehensive risk
      kecukupan perangkat yang cukup baik di tahun 2023. Meskipun        management system with sufficiently robust tools in 2023.
      demikian, Perseroan senantiasa untuk terus memperbaiki dan         However, the Company continuously strives to improve and refine
      menyempurnakan manajemen risiko yang diterapkan agar dapat         the risk management practices to enhance the effectiveness of
      meningkatkan efektivitas pelaporan, kelancaran proses mitigasi,    reporting, smoothness of mitigation processes, and oversight of
      serta pengawasan tingkat risiko.                                   risk levels.




      Perkara Hukum
      Legal Cases


      Sepanjang tahun 2023, Perseroan, Entitas Anak, Dewan               Throughout 2023, the Company, its Subsidiaries, the Board of
      Komisaris, dan Direksi tidak terlibat dalam kasus hukum yang       Commissioners, and Board of Directors were not involved in any
      secara material berpengaruh dan berisiko pada kegiatan usaha       material legal cases that posed significant risks to the business
      Perseroan dan Entitas Anak.                                        activities of the Company and its Subsidiaries.




      Sanksi Administratif
      Administrative Sanctions


      Sepanjang tahun 2023, Perseroan, Dewan Komisaris, dan Direksi      Throughout 2023, the Company, the Board of Commissioners,
      tidak menerima sanksi dari otoritas mana pun, baik Otoritas        and Board of Directors were not imposed of any sanctions by any
      Jasa Keuangan maupun Bursa Efek Indonesia, yang berdampak          authorities, including Financial Services Authority or Indonesia
      material terhadap Perseroan.                                       Stock Exchange, that had a material impact on the Company.




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                                                                                                              Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




Kode Etik
Code of Ethics




Perseroan telah memiliki Kode Etik sebagai wujud komitmen           The Company has established a Code of Ethics as a manifestation
Perseroan untuk melaksanakan secara sungguh-sungguh praktik         of its commitment to earnestly implementing healthy business
bisnis yang sehat berbasis prinsip GCG. Kode Etik ini menjelaskan   practices based on the principles of GCG. This Code of Ethics
standar perilaku seluruh insan Perseroan untuk menjaga hubungan     outlines the standards of behavior for all individuals within
yang baik dan harmonis antara Perseroan dan pemangku                the Company to maintain good and harmonious relationships
kepentingan, serta menjaga keberlanjutan usaha Perseroan.           between the Company and stakeholders, as well as to uphold the
                                                                    sustainability of the Company’s operations.



Pokok-Pokok Kode Etik                                               Principles of the Code of Ethics

Pokok-pokok Kode Etik Perseroan meliputi:                           The principles of the Company’s Code of Ethics include:
1. Kepatuhan terhadap hukum, peraturan perundang-undangan,          1. Compliance with laws, regulations, and policies within the
   dan kebijakan dalam grup;                                            Group.
2. Etika perilaku bisnis dan hubungan yang wajar:                   2. Ethical business conduct and reasonable relationships:
   a. Hubungan dengan pelanggan;                                        a. Relations with the customers;
   b. Hubungan dengan pemasok dan kontraktor;                           b. Relations with the suppliers and contractors;
   c. Hubungan dengan karyawan;                                         c. Relations with the employees;
   d. Hubungan dengan kompetitor; dan                                   d. Relations with the competitors; and
   e. Hubungan dengan media.                                            e. Relations with the media.
3. Benturan kepentingan:                                            3. Conflict of interests:
   a. Keterlibatan atau hubungan bisnis eksternal;                      a. External business involvement or relations;
   b. Hubungan dengan pihak terkait;                                    b. Relations with the related parties;
   c. Hadiah dan penjamuan;                                             c. Gifts and banquets;
   d. Anti suap;                                                        d. Anti-bribery;
   e. Non-solitisasi; dan                                               e. Non-solicitation; and
   f. Perdagangan orang dalam.                                          f. Insider trading.
4. Properti dan aset grup;                                          4. Group’s properties and assets;
5. Kinerja kerja;                                                   5. Work performance;
6. Pemangku kepentingan lainnya; dan                                6. Other stakeholders; and
7. Kesehatan, keselamatan, dan lingkungan hidup.                    7. Health, safety, and environment.



Bentuk Sosialisasi Kode Etik dan Upaya                              Dissemination and Enforcement of Code
Penegakannya                                                        of Ethics

Guna mengimplementasikan Kode Etik secara menyeluruh di             To apply the Code of Ethics thoroughly in all lines of the Company’s
seluruh lini bisnis Perseroan, sosialisasi Kode Etik senantiasa     business, the dissemination of Code of Ethics is continuously
dikembangkan dan ditelaah dari waktu ke waktu sebagai langkah       developed and reviewed from time to time as a step to adapt
penyesuaian kebijakan dengan perkembangan peraturan dan             policies to developments in applicable regulations and practices.
praktik-praktik yang berlaku. Langkah sosialisasi dilakukan         Dissemination steps are carried out periodically both within the
secara berkala, baik di lingkup Perseroan maupun Entitas Anak.      Company and its Subsidiaries. The Company’s Code of Ethics can
Kode Etik Perseroan dapat diunduh melalui situs web Perseroan.      be downloaded via the Company’s website.


Upaya yang dilakukan Perseroan dalam menegakkan Kode Etik           The Company’s efforts to enforce the Code of Ethics include
adalah dengan memberikan sanksi kepada pelaku pelanggaran.          imposing sanctions on violators. Sanctions are adjusted
Sanksi yang dikenakan disesuaikan dengan tingkat pelanggarannya,    according to the severity of the violation, with the most severe
dengan sanksi terberat berupa pemberhentian hubungan kerja.         sanction being termination of employment.




                                                                                                             PT Archi Indonesia Tbk
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Page 156
      Pernyataan bahwa Kode Etik Berlaku bagi                           Statement that the Code of Ethics
      Anggota Dewan Komisaris, Direksi, dan                             Applies to Members of the Board of
      Karyawan Perseroan                                                Commissioners, Board of Directors, and
                                                                        Employees of the Company

      Kode Etik berlaku bagi segenap insan Perseroan, mulai dari        The Code of Ethics applies to all Company personnel, from
      karyawan, jajaran manajemen, Direksi hingga Dewan Komisaris.      employees, management, Board of Directors, to Board of
      Hal ini dilakukan guna memastikan seluruh kegiatan bisnis         Commissioners. This is to ensure that all business activities
      senantiasa sesuai dengan aturan yang berlaku.                     always comply with the applicable regulations.



      Jumlah Pelanggaran Kode Etik                                      Number of Code of Ethics Violations

      Sepanjang tahun 2023, tidak terdapat laporan pelanggaran Kode     Throughout 2023, there were no reports of violations of the Code
      Etik yang dilakukan oleh Dewan Komisaris, Direksi, dan seluruh    of Ethics committed by the Board of Commissioners, Board of
      karyawan Perseroan.                                               Directors, and all employees of the Company.




      Kebijakan Pengadaan Barang dan Jasa
      Policy on Procurement of Goods and Services


      Proses pengadaan barang dan jasa harus memiliki sistem            The procurement process for goods and services must have a
      komunikasi bisnis yang jujur dan adil dengan semua pihak,         business communication system that is honest and fair with all
      termasuk pemasok, kontraktor, konsultan, dan agen terkait         parties, including suppliers, contractors, consultants, and other
      lainnya. Dengan demikian, Perseroan menggunakan pemasok           relevant agents. Therefore, the Company utilizes suppliers who
      yang telah memenuhi kualifikasi yang ditetapkan Perseroan dan     meet the qualifications set by the Company, consistently meet
      secara konsisten memenuhi standar kualitas baik bagi barang       quality standards for goods and services offered at competitive
      dan jasa yang ditawarkan dengan biaya yang kompetitif dan         and representative costs, as well as comply with applicable
      representatif. Begitu pula dengan kepatuhan terhadap peraturan    laws and regulations, especially those related to manpower,
      perundang-undangan yang berlaku, terutama yang berkaitan          environment, health and safety, intellectual property rights, and
      dengan ketenagakerjaan, lingkungan, kesehatan dan keamanan,       any unusual payment history.
      hak kekayaan intelektual, hingga riwayat pembayaran yang tidak
      wajar.


      Upaya tersebut dibuktikan dengan penandatanganan pakta            These efforts are demonstrated by signing integrity pacts, stating
      integritas yang menyatakan bahwa kedua bilah pihak akan saling    that both parties will make mutual efforts to create a harmonious
      melakukan upaya perbaikan dalam menciptakan hubungan              and constructive relationship. The Company reserves the right to
      yang harmonis dan konstruktif. Perseroan berhak membatalkan       unilaterally terminate contracts if the supplier acts contrary to
      kontrak secara sepihak jika pemasok bertindak dengan cara yang    the principles in the Code of Ethics, regulations, and/or Company
      bertentangan dengan prinsip-prinsip dalam Kode Etik, peraturan,   procedures.
      dan/atau prosedur Perseroan.




      Sistem Pelaporan Pelanggaran
      Whistleblowing System


      Sebagai wujud komitmen Perseroan dalam menghadirkan praktik       As a manifestation of the Company’s commitment to promoting
      bisnis sehat yang berlandaskan prinsip-prinsip GCG, Perseroan     healthy business practices based on the principles of GCG, the
      membangun suatu mekanisme pelaporan atas pelanggaran terhadap     Company has established a mechanism for reporting violations




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kebijakan dan/atau prosedur serta etika dan nilai-nilai Perseroan,   of policies and/or procedures as well as the Company’s ethics
yakni sistem pelaporan pelanggaran (whistleblowing system/WBS).      and values, namely a whistleblowing system (WBS). The
Penerapan sistem ini diharapkan dapat membantu Perseroan dalam       implementation of this system is expected to assist the Company
memberantas segala pelanggaran ataupun potensi pelanggaran           in eradicating any violations or potential violations that could
yang dapat merusak reputasi Perseroan atau karyawan tertentu.        damage the reputation of the Company or certain employees.



Cara Penyampaian dan Pihak yang                                      Reporting Method and Parties Managing
Mengelola Pengaduan Pelaporan                                        the Complaints
Pelanggaran

Semua pihak dari internal maupun eksternal dapat melakukan           All parties, both internal and external, can report violations to
pelaporan pelanggaran kepada Perseroan melalui saluran               the Company through the communication channels provided as
komunikasi yang disediakan sebagai berikut:                          follows:

PT Archi Indonesia Tbk                                               PT Archi Indonesia Tbk
Rajawali Place Lt. 27                                                Rajawali Place 27th Floor
Jl. HR Rasuna Said Kav. B/4                                          Jl. HR Rasuna Said Kav. B/4
Jakarta Selatan 12910                                                Jakarta Selatan 12910
T : +62 21 576 1719                                                  T : +62 21 576 1719
F : +62 21 576 1720                                                  F : +62 21 576 1720
E : corsec@archimining.com                                           E : corsec@archimining.com
W : www.archiindonesia.com                                           W : www.archiindonesia.com


Sistem WBS Archi dikelola secara profesional oleh Komite Etik,       Archi’s WBS System is professionally managed by the Ethics
bersama dengan Direksi dan/atau Dewan Komisaris serta tim            Committee, along with the Board of Directors and/or Board of
investigasi yang ditugaskan.                                         Commissioners, as well as the assigned investigation team.



Perlindungan bagi Pelapor                                            Protection for Whistleblowers

Perseroan mempunyai komitmen memberikan perlindungan                 The Company is committed to providing protection to
kepada pelapor. Perlindungan pelapor diberikan untuk                 whistleblowers. Protection is provided to whistleblowers to
menumbuhkan rasa aman dan mendorong pelapor untuk berani             foster a sense of security and encourage them to bravely report
melaporkan pelanggaran. Perlindungan kepada pelapor diberikan        violations. Protection for whistleblowers is provided in the
dalam bentuk perlindungan kerahasiaan identitas pelapor              form of confidentiality of the whistleblower’s identity, including
termasuk informasi yang dapat digunakan untuk menghubungi            information that can be used to contact the whistleblower, as
pelapor serta perlindungan atas tindakan balasan dari terlapor       well as protection against retaliation from the accused or other
atau pihak lain yang mempunyai kepentingan.                          parties with vested interests.



Penanganan Pengaduan                                                 Complaint Handling

Setiap pengaduan pelanggaran yang masuk akan dikelola untuk          Every reported violation will be managed and further investigated
selanjutnya dilakukan investigasi atas kebenaran laporan yang        to verify the accuracy of the received report. In the event that the
diterima. Jika diketahui bahwa laporan terbukti kebenarannya,        report is proven to be true, it will be submitted to the Board of
maka akan disampaikan kepada Dewan Komisaris dan Direksi             Commissioners and Board of Directors to determine the type of
untuk menentukan jenis sanksi yang akan diberikan. Demikian          sanction to be imposed. Likewise, sanctions may also be imposed
pula, sanksi dapat diberikan apabila laporan mengarah pada           in the event that the report leads to defamation act or other
tindak pencemaran nama baik atau perbuatan tidak bertanggung         irresponsible acts.
jawab lainnya.



Pelaporan Pelanggaran dan Tindak Lanjut                              Whistleblowing Report and Follow-Up on
Pengaduan                                                            the Complaints

Pada tahun 2023, Perseroan tidak menerima laporan pengaduan          In 2023, the Company did not receive any reports of violations or
pelanggaran.                                                         complaints.


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      Kebijakan Pengungkapan Informasi
      Information Disclosure Policy




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

      Kebijakan pengungkapan informasi merupakan bagian dari proses       The information disclosure policy is part of the process of
      pemberian informasi kepada para Pemegang Saham dan komunitas        providing information to shareholders and the investment
      investasi secara wajar dan tepat waktu sehingga dapat melakukan     community in a fair and timely manner, enabling them to assess
      penilaian atas strategi, perkembangan, operasional dan kinerja      the Company’s strategies, developments, operations, and
      keuangan Perseroan, serta memungkinkan Pemegang Saham dan           financial performance. This policy allows shareholders and the
      komunitas investasi terlibat secara aktif dengan Perseroan.         investment community to actively engage with the Company.


      Ketentuan dari kebijakan tersebut mewajibkan seluruh anggota        The provisions of this policy require all members of the Board of
      Dewan Komisaris dan Direksi untuk memberitahukan atau               Commissioners and Board of Directors to notify, or report share
      melaporkan kepemilikan saham dan/atau setiap perubahan              ownership and/or any changes in share ownership, both directly
      kepemilikan saham, baik langsung maupun tidak langsung, pada        and indirectly, in the Company within the deadlines specified in
      Perseroan dengan tenggat waktu sesuai dengan Peraturan Otoritas     Financial Services Authority Regulation No. 11/POJK.04/2017 on
      Jasa Keuangan No. 11/POJK.04/2017 tentang Laporan Kepemilikan       the Report of Ownership or Any Changes in Share Ownership of
      atau Setiap Perubahan Kepemilikan Saham Perusahaan Terbuka,         Public Companies, as follows:
      yaitu:
      1. Pemberitahuan kepada Perseroan selambat-lambatnya 3 hari         1. Notification to the Company no later than 3 working days
          kerja setelah terjadinya kepemilikan atau setiap perubahan         after the occurrence of share ownership or any change in
          kepemilikan saham dalam Perseroan; dan                             share ownership in the Company; and
      2. Pelaporan kepada Otoritas Jasa Keuangan selambat-                2. Reporting to the Financial Services Authority no later than 10
          lambatnya 10 hari terhitung sejak terjadinya kepemilikan atau      days from the date of share ownership or any change in share
          setiap perubahan kepemilikan saham dalam Perseroan.                ownership in the Company.


      Informasi lengkap jumlah saham Perseroan yang tercatat atas         Full information on the number of Company’s shares held by
      nama anggota Dewan Komisaris dan Direksi, kecuali Komisaris         members of the Board of Commissioners and Board of Directors,
      Independen, dapat dilihat pada bab Profil Perusahaan Laporan        excluding Independent Commissioners, can be found in the
      Tahunan ini.                                                        Company Profile section of this Annual Report.




      Kebijakan Anti-Korupsi dan Gratifikasi
      Anti-Corruption and Anti Gratification Policies



      Perseroan berkomitmen untuk senantiasa melakukan                    The Company is committed to consistently combating Corruption,
      pemberantasan Korupsi, Kolusi, dan Nepotisme (“KKN”) melalui        Collusion, and Nepotism (“KKN”) through the establishment of
      pembuatan kebijakan anti-korupsi dan gratifikasi. Perseroan dan     anti-corruption and gratification policies. The Company and its
      Entitas Anak berkomitmen tidak adanya toleransi (zero-tolerance)    Subsidiaries are committed to applying zero-tolerance towards
      terhadap suap dan korupsi, baik secara langsung ataupun tidak       bribery and corruption, both directly and indirectly.
      langsung.


      Direksi, Dewan Komisaris, dan karyawan tidak diperbolehkan untuk    The Board of Directors, Board of Commissioners, and employees
      menawarkan, membayar, mencari atau menerima pembayaran,             are prohibited from offering, paying, soliciting, or receiving
      hadiah atau bantuan dalam bentuk apapun, dengan tujuan              payments, gifts, or assistance in any form with the intention of
      memengaruhi hasil bisnis. Adapun jika situasi tidak memungkinkan    influencing business outcomes. However, if the situation does not




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untuk menolak hadiah atau undangan jamuan, maka pihak yang           permit refusal of gifts or invitations to meals, the recipient must
menerima harus segera membuat laporan dan menyatakannya              immediately report it and declare it in the Gift and Entertainment
dalam Formulir Deklarasi Hadiah dan Perjamuan kepada tim             Declaration Form to the Internal Audit team and the Human
Internal Audit dan Departemen Sumber Daya Manusia. Kebijakan         Resources Department. This policy applies except for simple
ini berlaku kecuali untuk pemberian sederhana dan bernilai wajar,    and reasonable gifts, which are limited to a maximum of US$250
yaitu maksimum AS$250 atau setara dalam mata uang lainnya.           or equivalent in other currencies.



Pelatihan/Sosialisasi Anti-Korupsi                                   Training/Dissemination of Anti-Corruption

Perseroan berupaya meningkatkan kesadaran seluruh karyawan           The Company strives to increase awareness among all employees
dalam mencegah atau menghindari praktik korupsi dan gratifikasi,     in preventing or avoiding practices of corruption and gratification.
antara lain dengan sosialisasi melalui pertemuan tatap muka atau     This is done through various means, including dissemination
penyebaran poster dan pamflet.                                       through face-to-face meetings or the distribution of posters and
                                                                     pamphlets.




Kebijakan Insider Trading
Insider Trading Policy


Kode Etik mengungkapkan adanya kebijakan terkait insider trading     The Code of Ethics reflects the existence of a policy on insider
yang berlaku di lingkungan Perseroan. Setiap insan Perseroan yang    trading within the Company. Any individual within the Company
memiliki akses informasi orang dalam atau bersifat material, tidak   who has access to insider or material information must not
boleh menyalahgunakan jabatan dan pekerjaannya, khususnya terkait    abuse the position and job, particularly concerning the misuse of
penyalahgunaan informasi yang dapat memengaruhi keputusan            information that could influence investor decisions to buy, sell, or
investor untuk membeli, menjual, atau saham Perseroan serta          trade the Company’s shares, as well as material information of the
informasi material Perseroan kepada orang-orang yang memiliki        Company, to individuals with special relationships to conduct trading
hubungan istimewa untuk melakukan tindakan transaksi perdagangan     transactions involving goods/services with the Company. Guided by
barang/jasa kepada Perseroan. Dengan berpedoman pada kebijakan       the insider trading policy, only Management is authorized to disclose
insider trading, hanya pihak Manajemen yang dapat mengeluarkan       all confidential and material Company information to other parties.
seluruh informasi Perseroan yang bersifat rahasia dan material       Therefore, all employees are required to comply with this policy, and
kepada pihak lain. Oleh karenanya, seluruh karyawan wajib mematuhi   those found to violate this policy will face sanctions.
kebijakan tersebut dan bagi mereka yang terbukti melakukan
pelanggaran terhadap kebijakan tersebut akan dikenakan sanksi.




Kebijakan Benturan Kepentingan
Conflict-of-Interest Policy


Benturan kepentingan terjadi ketika Dewan Komisaris, Direksi,        Conflict of interest occurs when members of the Board of
atau karyawan Perseroan (termasuk anggota keluarga dan pihak         Commissioners, Board of Directors, or employees of the Company
terkait lainnya) mempunyai kepentingan profesional atau pribadi      (including family members and other related parties) have conflicting
yang bertentangan yang memengaruhi kualitas pekerjaannya,            professional or personal interests that affect the quality of their work
atau menimbulkan persepsi tidak pantas yang dapat merusak            or create inappropriate perceptions that could damage customer or
kepercayaan pelanggan atau publik.                                   public trust.


Dewan Komisaris, Direksi, atau karyawan Perseroan diharapkan         The Board of Commissioners, Board of Directors, or employees
untuk selalu mengambil tindakan terbaik bagi kepentingan             of the Company are expected to always act in the best interests of
Perseroan dan harus mengambil langkah-langkah yang diperlukan        the Company and must take necessary steps to avoid conflicts of
untuk menghindari benturan kepentingan, baik benturan                interest, whether actual, perceived, or potential. When conflicts of



                                                                                                                 PT Archi Indonesia Tbk
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      kepentingan yang aktual, yang dipersepsikan atau yang berpotensi                interest cannot be avoided, the Board of Commissioners, Board of
      terjadi. Ketika benturan kepentingan tidak dapat dihindari, Dewan               Directors, or employees of the Company are required to promptly
      Komisaris, Direksi, atau karyawan Perseroan diharuskan untuk                    report to their immediate superior and refrain from performing tasks
      melapor secepatnya kepada atasan langsung, dan berhenti                         that put them in a conflicted position, whether actual or perceived
      melaksanakan tugas yang menempatkan mereka dalam posisi                         conflicts.
      konflik, baik konflik yang nyata ataupun yang dipersepsikan.




      Kepatuhan Perpajakan
      Tax Compliance


      Perseroan berkomitmen untuk mematuhi perundang-undangan                         The Company is committed to complying with applicable laws and
      dan ketentuan yang berlaku. Bentuk kepatuhan tersebut                           regulations. One form of compliance is fulfilling obligations to
      salah satunya diwujudkan dengan memenuhi kewajiban untuk                        pay taxes. The Company is required to withhold/collect taxes on
      membayar pajak. Perseroan wajib melakukan pemotongan/                           every taxable object, such as employees’ Income Tax (“PPh”) and
      pemungutan pajak terhadap setiap objek kena pajak, seperti                      Value Added Tax (“VAT”). The Company also submits tax obligation
      Pajak Penghasilan (“PPh”) karyawan dan Pajak Pertambahan Nilai                  documents, such as annual or monthly Tax Returns (“SPT”), and
      dan lain-lain (“PPN”). Perseroan juga menyampaikan dokumen                      regulatory obligation documents to regulatory institutions in a
      kewajiban perpajakan, seperti Surat Pemberitahuan Pajak (“SPT”)                 timely manner.
      tahunan maupun bulanan, serta dokumen kewajiban ke lembaga
      regulator dengan tepat waktu.




      Penerapan Pedoman Tata Kelola Perusahaan Terbuka
      Implementation of Public Company Governance Guidelines


      Penerapan GCG di Perseroan senantiasa disesuaikan dengan                        The implementation of GCG (Good Corporate Governance) in
      Pedoman Tata Kelola Perusahaan Terbuka yang tercantum dalam                     the Company is always adjusted to Public Company Governance
      Surat Edaran Otoritas Jasa Keuangan No. 32/SEOJK.04/2015                        Guidelines stated in the Financial Services Authority Circular
      sebagaimana diungkapkan berikut ini:                                            No. 32/SEOJK.04/2015 as expressed below:


                          Aspek/Prinsip/Rekomendasi                      Pemenuhan                                  Keterangan
       No.
                       Aspect/Principle/Recommendation                   Fulfillment                                Description
        I.      HUBUNGAN PERUSAHAAN TERBUKA DENGAN PEMEGANG SAHAM DALAM MENJAMIN HAK-HAK PEMEGANG SAHAM
                RELATIONSHIP BETWEEN THE PUBLIC COMPANY AND SHAREHOLDERS IN GUARANTEEING THE SHAREHOLDERS’ RIGHTS
        1.      Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (“RUPS”)
                Increasing the Value of Convening General Meeting Shareholders (“GMS”)
        a.      Perusahaan terbuka memiliki cara atau prosedur teknis     Terpenuhi       Prosedur pengumpulan suara (voting) dalam RUPS telah diatur dalam
                pengumpulan suara (voting), baik secara terbuka maupun    Complied        Anggaran Dasar dan peraturan internal Perseroan. Prosedur ini juga
                tertutup yang mengedepankan independensi, dan                             tercantum dalam tata tertib RUPS yang diinformasikan kepada Para
                kepentingan Pemegang Saham.                                               Pemegang Saham di awal pelaksanaan RUPS.
                The public company has technical voting methods                           The voting procedure during the GMS is regulated under the Articles
                or procedures, either open or close, prioritizing                         of Association and internal regulations of the Company. This
                independence, and interest of Shareholders.                               procedure is also outlined in the GMS conduct, which is informed to
                                                                                          the Shareholders at the beginning of the GMS.
        b.      Seluruh anggota Direksi dan anggota Dewan Komisaris       Terpenuhi       RUPS Tahunan Perseroan dihadiri oleh Dewan Komisaris dan Direksi.
                perusuhaan terbuka hadir dalam RUPS Tahunan.              Complied        The Company’s Annual GMS is attended by the Board of
                All members of the Board of Directors and Board of                        Commissioners and the Board of Directors.
                Commissioners of a public company attend the Annual
                GMS.




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               Aspek/Prinsip/Rekomendasi                         Pemenuhan                                    Keterangan
No.
            Aspect/Principle/Recommendation                      Fulfillment                                  Description
c.    Ringkasan risalah RUPS tersedia dalam situs web             Terpenuhi     Ringkasan risalah RUPS telah tersedia dalam situs web Perseroan
      perusahaan terbuka paling sedikit selama 1 tahun.           Complied      selama lebih dari 1 tahun. Ringkasan risalah RUPS telah tersedia
      The summary of GMS minutes is available on the public                     sejak tahun 2021 dan masih tersedia sampai dengan saat ini.
      company’s website for at least 1 year.                                    The summary of GMS minutes is available on the Company’s website
                                                                                for over a year. The summary of GMS minutes has been available
                                                                                since 2021 and is still accessible up to the present time.
2.    Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor
      Increasing the Communication Quality between the Public Company and Shareholders or Investors
a.    Perusahaan terbuka memiliki suatu kebijakan komunikasi      Terpenuhi     Perseroan telah memiliki kebijakan komunikasi dengan Pemegang
      dengan Pemegang Saham atau investor.                        Complied      Saham Perseroan melalui Sistem Pelaporan Elektrik (“SPE-OJK”).
      Public company has communication policy with                              The Company already has a communication policy with Shareholders
      Shareholders or investors.                                                through the Electronic Reporting System of Financial Services
                                                                                Authority (“SPE-OJK”).
b.    Perusahaan    terbuka    mengungkapkan kebijakan            Terpenuhi     Perseroan menjalankan kebijakan komunikasi perusahaan terbuka
      komunikasi Perseroan terbuka dengan Pemegang                Complied      dengan Pemegang Saham atau investor melalui situs web Perseroan.
      Saham atau investor dalam situs web.                                      The Company implements communication policy of a public company
      Public company discloses its policy on communication                      with Shareholders or investors through the Company’s website.
      with Shareholders or investors on the website.
II.   FUNGSI DAN PERAN DEWAN KOMISARIS
      FUNCTION AND ROLE OF THE BOARD OF COMMISSIONERS
3.    Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
      Strengthening the Membership and Composition of the Board of Commissioners
a.    Penentuan jumlah anggota Dewan Komisaris                    Terpenuhi     Pada tahun 2023, Perseroan memiliki anggota Dewan Komisaris
      mempertimbangkan kondisi perusahaan terbuka.                Complied      sejumlah 6 orang dengan 3 orang diantaranya merupakan Komisaris
      Determination of the number of members of the Board                       Independen. Jumlah tersebut telah disesuaikan dengan kebutuhan
      of Commissioners considers the condition of the public                    dan kondisi Perseroan.
      company.                                                                  In 2023, the Company had a total of 6 members of the Board of
                                                                                Commissioners, with 3 of them being Independent Commissioners.
                                                                                This number has been adjusted to the Company’s needs and
                                                                                conditions.
b.    Penentuan komposisi anggota Dewan Komisaris                 Terpenuhi     Komposisi anggota Dewan Komisaris Perseroan telah memperhatikan
      memperhatikan keberagaman keahlian, pengetahuan,            Complied      keberagaman keahlian, pengetahuan, dan pengalaman sebagaimana
      dan pengalaman yang dibutuhkan.                                           terefleksi dalam daftar riwayat hidup.
      Determination of the composition of the Board of                          The Board of Commissioners’ composition has considered diversity
      Commissioners considers the diversity of expertise,                       in expertise, knowledge, and experience as reflected in the
      knowledge, and experience required.                                       curriculum vitae.
4.    Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris
      Increasing the Quality of Implementation of Duties and Responsibilities of the Board of Commissioners
a.    Dewan Komisaris mempunyai kebijakan penilaian sendiri       Terpenuhi     Dewan Komisaris Perseroan telah memiliki kebijakan self assessment
      (self assessment) untuk menilai kinerja Dewan Komisaris.    Complied      atas penilaian kinerja Dewan Komisaris sebagaimana telah diatur
      The Board of Commissioners has a self-assessment                          dalam Piagam Dewan Komisaris.
      policy to assess the performance of the Board of                          The Board of Commissioners of the Company already has a self-
      Commissioners.                                                            assessment policy for evaluating the performance of the Board of
                                                                                Commissioners as stipulated in the Board of Commissioners Charter.
b.    Kebijakan penilaian sendiri (self assessment) untuk         Terpenuhi     Perseroan telah mengungkapkan kebijakan self assessment atas
      menilai kinerja Dewan Komisaris, diungkapkan melalui        Complied      kinerja Dewan Komisaris pada Laporan Tahunan ini.
      Laporan Tahunan perusahaan terbuka.                                       The Company has disclosed the self-assessment policy for the
      The self-assessment policy to assess the performance                      performance of the Board of Commissioners in this Annual Report.
      of the Board of Commissioners is disclosed in the public
      company’s Annual Report.
c.    Dewan Komisaris mempunyai kebijakan terkait                 Terpenuhi     Dewan Komisaris telah memiliki kebijakan terkait pengunduran diri
      pengunduran diri anggota Dewan Komisaris apabila            Complied      anggota Dewan Komisaris apabila terlibat dalam kejahatan keuangan
      terlibat dalam kejahatan keuangan.                                        sebagaimana diatur dalam Piagam Dewan Komisaris.
      The Board of Commissioners has a policy regarding the                     The Board of Commissioners already has a policy on the resignation
      resignation of members of the Board of Commissioners                      of Board of Commissioners’ members if involved in financial crimes
      if involved in financial crimes.                                          as stipulated in the Board of Commissioners Charter.




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                          Aspek/Prinsip/Rekomendasi                        Pemenuhan                                   Keterangan
      No.
                       Aspect/Principle/Recommendation                     Fulfillment                                 Description
       d.       Dewan Komisaris atau Komite yang menjalankan fungsi          Terpenuhi      Perseroan telah memiliki Komite Nominasi dan Remunerasi yang
                Nominasi dan Remunerasi menyusun kebijakan suksesi           Complied       berfungsi dan bertanggung jawab dalam menyusun kebijakan
                dalam proses nominasi anggota Direksi.                                      suksesi dalam proses nominasi anggota Direksi.
                The Board of Commissioners or committee performing                          The Company already has a Nomination and Remuneration
                Nomination and Remuneration function prepares a                             Committee that functions and is responsible for preparing
                succession policy for nominating members of the Board                       succession policies in the process of nominating members of the
                of Directors.                                                               Board of Directors.
                FUNGSI DAN PERAN DIREKSI
      III.
                FUNCTION AND ROLE OF THE BOARD OF DIRECTORS
                Memperkuat Keanggotaan dan Komposisi Direksi
       5.
                Strengthening the Membership and Composition of the Board of Directors
       a.       Penentuan jumlah anggota Direksi mempertimbangkan            Terpenuhi      Pada tahun 2023, jumlah anggota Direksi Perseroan saat ini
                kondisi perusahaan terbuka, serta efektifitas dalam          Complied       sebanyak 4 orang. Jumlah tersebut telah disesuaikan dengan kondisi
                pengambilan keputusan.                                                      Perseroan.
                Determination of the number of members of the Board of                      In 2023, the total number of members of the Company’s Board of
                Directors considers the condition of the public company                     Directors was 4. This number is already adjusted to the Company’s
                and effectiveness in decision making.                                       conditions.
       b.       Penentuan komposisi anggota Direksi memperhatikan,           Terpenuhi      Komposisi anggota Direksi Perseroan telah memperhatikan
                keberagaman keahlian, pengetahuan, dan pengalaman            Complied       keberagaman keahlian, pengetahuan, dan pengalaman yang
                yang dibutuhkan.                                                            dibutuhkan. Hal tersebut tercermin dari profil masing-masing anggota
                Determination of the composition of the Board                               Direksi.
                of Directors considers the diversity of expertise,                          The Board of Directors’ composition has considered diversity in
                knowledge, and experience required.                                         expertise, knowledge, and experience required. This is reflected in
                                                                                            the profiles of each member of the Board of Directors.
        c.      Anggota Direksi yang membawahi bidang akuntansi atau         Terpenuhi      Perseroan memiliki anggota Direksi yang membawahi bidang
                keuangan memiliki keahlian dan/atau pengetahuan di           Complied       akuntansi dan keuangan serta memiliki keahlian dan pengetahuan di
                bidang akuntansi.                                                           bidang akuntansi dan keuangan.
                Members of the Board of Directors in charge of                              The Company has members of Board of Directors overseeing
                accounting or finance have expertise and/or knowledge                       accounting and finance areas and possessing expertise and
                in accounting.                                                              knowledge in accounting and finance.
                Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
       6.
                Increasing the Quality of Implementation of Duties and Responsibilities of the Board of Directors
       a.       Direksi mempunyai kebijakan penilaian sendiri (self          Terpenuhi      Direksi Perseroan telah memiliki kebijakan self assessment atas
                assessment) untuk menilai kinerja Direksi.                   Complied       penilaian kinerja Direksi sebagaimana telah diatur di dalam Piagam
                The Board of Directors has a self-assessment policy to                      Direksi.
                assess the performance of the Board of Directors.                           The Company’s Board of Directors already has a self-assessment
                                                                                            policy for evaluating the Board of Directors’ performance, as outlined
                                                                                            in the Board of Directors Charter.
       b.       Kebijakan penilaian sendiri (self assessment) untuk          Terpenuhi      Perseroan telah mengungkapkan kebijakan self assessment atas
                menilai kinerja Direksi diungkapkan melalui Laporan          Complied       kinerja Direksi pada laporan tahunan ini.
                Tahunan perusahaan terbuka.                                                 The Company has disclosed the self-assessment policy for the Board
                The self-assessment policy to assess the performance                        of Directors’ performance in this annual report.
                of the Board of Directors is disclosed in the public
                company’s Annual Report.
       c.       Direksi mempunyai kebijakan terkait pengunduran              Terpenuhi      Direksi Perseroan memiliki kebijakan terkait pengunduran diri
                diri anggota Direksi apabila terlibat dalam kejahatan        Complied       anggota Direksi apabila terlibat dalam kejahatan keuangan yang
                keuangan.                                                                   dituangkan dalam Piagam Direksi.
                The Board of Directors has a policy regarding the                           The Company’s Board of Directors has a policy on the resignation of
                resignation of members of the Board of Directors if                         Board of Directors members if involved in financial crimes, as stated
                involved in financial crimes.                                               in the Board of Directors Charter.




160          PT Archi Indonesia Tbk
             Laporan Tahunan 2023
Page 163
                                                                                                                           Tata Kelola Perusahaan
                                                                                                                       Good Corporate Governance




                Aspek/Prinsip/Rekomendasi                           Pemenuhan                                Keterangan
No.
             Aspect/Principle/Recommendation                        Fulfillment                              Description
      PARTISIPASI PEMANGKU KEPENTINGAN
IV.
      STAKEHOLDERS’ PARTICIPATION
      Meningkatkan Aspek Tata Kelola Perseroan melalui Partisipasi Pemangku Kepentingan
 7.
      Increasing the Corporate Governance Aspect through Stakeholders’ Participation
a.    Perusahaan terbuka memiliki kebijakan untuk mencegah           Terpenuhi    Perseroan telah memiliki kebijakan untuk mencegah terjadinya
      terjadinya insider trading.                                    Complied     insider trading sebagaimana tercantum dalam Kode Etik perusahaan.
      Public company has a policy to prevent insider trading.                     The Company has a policy to prevent insider trading as outlined in the
                                                                                  Company’s Code of Ethics.
b.    Perusahaan terbuka memiliki kebijakan anti korupsi dan         Terpenuhi    Perseroan memiliki kebijakan khusus terkait anti penyuapan dan
      anti fraud.                                                    Complied     korupsi serta strategi anti fraud sebagaimana tercantum dalam Kode
      Public company has anti-corruption and anti-fraud                           Etik perusahaan.
      policy.                                                                     The Company has specific policy on anti-bribery and corruption as
                                                                                  well as anti-fraud strategies as stated in the Company’s Code of
                                                                                  Ethics.
c.    Perusahaan terbuka memiliki kebijakan tentang seleksi          Terpenuhi    Perseroan telah memiliki penyusunan kebijakan tentang seleksi
      dan peningkatan kemampuan pemasok atau vendor.                 Complied     dan peningkatan kemampuan pemasok atau vendor sebagaimana
      Public company has a policy on supplier or vendor                           tercantum dalam Kode Etik perusahaan.
      selection and capacity improvement.                                         The Company has established policy for the selection and capacity
                                                                                  improvement of supplier or vendor as outlined in the Company’s
                                                                                  Code of Ethics.
 d.   Perusahaan terbuka memiliki          kebijakan    tentang      Terpenuhi    Perseroan memiliki kebijakan khusus terkait pemenuhan hak-hak
      pemenuhan hak-hak kreditur.                                    Complied     kreditur sebagaimana tercantum dalam Kode Etik perusahaan.
      Public company has a policy on fulfillment of creditor                      The Company has specific policy on the fulfillment of creditors’
      rights.                                                                     rights as stated in the Company’s Code of Ethics
 e.   Perusahaan terbuka memiliki kebijakan              sistem      Terpenuhi    Perseroan memiliki kebijakan WBS dan diungkapkan dalam laporan
      whistleblowing.                                                Complied     tahunan ini dan situs web Perseroan.
      Public company has a whistleblowing system.                                 The Company has a WBS policy disclosed in this annual report and
                                                                                  the Company’s website.
 f.   Perusahaan terbuka memiliki kebijakan pemberian                Terpenuhi    Perseroan telah menentukan dann menyepakati beberapa ketentuan
      insentif jangka panjang kepada Direksi dan karyawan.           Complied     eligibilitas manajemen dan karyawan untuk program Management
      Public company has a policy on granting long-term                           Employee Stock Option Plan (“MESOP”).
      incentives to the Board of Directors and employees.                         The Company has determined and agreed upon several eligibility
                                                                                  criteria for management and employees to participate in the
                                                                                  Management Employee Stock Option Plan (“MESOP”) program.
      KETERBUKAAN INFORMASI
V.
      INFORMATION DISCLOSURE
      Meningkatkan Pelaksanaan Keterbukaan Informasi
 8.
      Increasing the Implementation of Information Disclosure
 a.   Perusahaan terbuka memanfaatkan penggunaan                     Terpenuhi    Perseroan telah memanfaatkan teknologi informasi untuk
      teknologi informasi secara lebih luas selain situs web         Complied     keterbukaan informasi diantaranya situs web Perseroan, surel
      sebagai media keterbukaan informasi.                                        korporasi, LinkedIn, Instagram, dan YouTube.
      Public company utilizes information technology more                         The Company has utilized information technology for information
      widely than websites as a channel for information                           disclosure, including the Company’s website, corporate email,
      disclosure.                                                                 LinkedIn, Instagram, and YouTube.
 b.   Laporan Tahunan perusahaan terbuka mengungkapkan               Terpenuhi    Perseroan telah mengungkapkan pemilik manfaat akhir dalam
      pemilik manfaat akhir dalam kepemilikan saham                  Complied     kepemilikan saham Perseroan paling sedikit 5% dalam laporan
      perusahaan terbuka paling sedikit 5%, selain                                tahunan ini.
      pengungkapan pemilik manfaat akhir dalam kepemilikan                        The Company has disclosed ultimate beneficial owners holding at
      saham perusahaan terbuka melalui Pemegang Saham                             least 5% of the Company’s shares in this annual report.
      Utama dan Pengendali.
      The Annual Report of a public company discloses the
      ultimate beneficial owner in its share ownership of at
      least 5%, in addition to disclosing the ultimate beneficial
      owner in its share ownership through the Major and
      Controlling Shareholders.




                                                                                                                           PT Archi Indonesia Tbk
                                                                                                                                  2023 Annual Report
                                                                                                                                                           161
Page 164
      Pedoman Umum Governansi Korporat Indonesia 2021
      dan Annual Report Award 2022
      General Guidelines for Indonesian Corporate Governance 2021
      and Annual Report Award 2022


                                Prinsip/Rekomendasi                                 Keterangan                  Implementasi di Perseroan
                             Principle/Recommendation                               Description               Implementation in the Company
                  PERAN DAN TANGGUNG JAWAB DIREKSI DAN DEWAN KOMISARIS
      1.
                  ROLES AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS
                  Peran dan Tanggung Jawab Direksi
      1.1
                  Roles and Responsibilities of the Board of Directors
      1.1.1       Untuk mencapai penciptaan nilai yang berkelanjutan, Direksi        Terpenuhi    Direksi mewujudkan standar etika bisnis yang tinggi dan
                  menjalankan peran kepemimpinannya dan berupaya mencapai            Complied     memastikan pelaksanaan kode etik yang melahirkan budaya
                  hasil governansi sebagai berikut:                                               korporasi yang berintegritas. Hal ini dilakukan dengan
                  a. Berdaya saing dan berfokus ke kinerja jangka panjang;                        menerapkan nilai-nilai perusahaan.
                  b. Beretika dan bertanggung jawab dalam menjalankan bisnis;                     The Board of Directors realizes high standards of business
                  c. Berkontribusi positif terhadap masyarakat dan lingkungan;                    ethics and ensures that the Code of Ethics implementation
                     serta                                                                        creates a corporate culture with integrity. This is done, among
                  d. Berkemampuan dalam bertahan dan bertumbuh (corporate                         others, by implementing the Company’s Values.
                     resilience).
                  To achieve sustainable value creation, the Board of Directors
                  carries out its leadership role and seeks to achieve the
                  following governance results:
                  a. Be competitive and focused on long-term performance;
                  b. Be ethical and responsible in conducting business;
                  c. Have positive contributions to the community and the
                      environment; and
                  d. Be able to survive and grow (corporate resilience).
      1.1.2       Direksi harus memastikan bahwa misi, visi, tujuan, sasaran,        Terpenuhi    Direksi telah menjadikan optimalisasi penerapan teknologi
                  strategi, dan rencana tahunan dan jangka menengah                  Complied     informasi terkini sebagai salah satu pilar strategi dalam
                  korporasi konsisten dengan tujuan jangka panjang, dengan                        mencapai target bisnis baik jangka pendek maupun jangka
                  memanfaatkan inovasi dan teknologi secara efektif.                              panjang.
                  The Board of Directors must ensure that the corporate                           The Board of Directors has made the optimization of the latest
                  mission, vision, goals, objectives, strategies, and annual as                   information technology application as one of the strategic
                  well as mid-term plans are consistent with the long-term goals,                 pillars in achieving both short and long-term business targets.
                  by effectively utilizing innovation and technology.
      1.1.3       Direksi memastikan bahwa korporasi menerapkan manajemen            Terpenuhi    Sistem manajemen risiko dan pengendalian internal Perseroan
                  risiko dan sistem pengendalian internal yang tepat dan efektif     Complied     senantiasa selaras dengan visi, misi, tujuan, sasaran, dan
                  yang selaras dengan visi, misi, tujuan, sasaran, dan strategi                   strategi korporasi serta mematuhi peraturan perundang-
                  korporasi serta mematuhi peraturan perundang-undangan dan                       undangan dan standar yang berlaku.
                  standar yang berlaku.                                                           The Company’s risk management and internal control systems
                  The Board of Directors ensures that the corporation                             are always aligned with the corporate vision, mission, goals,
                  implements an appropriate and effective risk management                         objectives, and strategies as well as complying with applicable
                  and internal control system, that is aligned with the corporate                 laws and regulations and standards.
                  vision, mission, goals, objectives, and strategies, as well as
                  complies with applicable laws and regulations and standards.
      1.1.4       Direksi memastikan integritas akuntansi dan sistem pelaporan       Terpenuhi    Direksi memastikan bahwa setiap orang yang terlibat dalam
                  keuangan korporasi dan pengungkapan yang tepat waktu dan           Complied     persiapan dan pengungkapan informasi korporasi memiliki
                  akurat atas semua informasi material mengenai korporasi.                        kemampuan dan latar belakang yang memadai untuk
                  The Board of Directors ensures the integrity of corporate                       menjalankan pekerjaannya. Direksi juga bertanggung jawab
                  accounting and financial reporting system and the timely                        atas dan melakukan publikasi Laporan Keuangan Triwulanan di
                  and accurate disclosure of all material information on the                      situs web Perseroan dan media massa sesuai peraturan yang
                  corporation.                                                                    berlaku.
                                                                                                  The Board of Directors ensures that everyone involved in
                                                                                                  the preparation and disclosure of corporate information has
                                                                                                  adequate skills and background to perform the work. The
                                                                                                  Board of Directors is also responsible for and publishes the
                                                                                                  Quarterly Financial Statements on the Company’s website and
                                                                                                  mass media in accordance with applicable regulations.




162           PT Archi Indonesia Tbk
              Laporan Tahunan 2023
Page 165
                                                                                                                              Tata Kelola Perusahaan
                                                                                                                          Good Corporate Governance




                      Prinsip/Rekomendasi                                    Keterangan                  Implementasi di Perseroan
                   Principle/Recommendation                                  Description               Implementation in the Company
1.1.5   Direksi memastikan pelaporan keberlanjutan telah disusun              Terpenuhi    Direksi beserta jajaran manajemen telah memastikan Laporan
        sebagaimana mestinya.                                                 Complied     Keberlanjutan disusun berdasarkan kerangka pelaporan
        The Board of Directors ensures that sustainability reporting                       yang sesuai dengan ukuran dan kompleksitas korporasi dan
        has been prepared properly.                                                        memenuhi standar nasional.
                                                                                           The Board of Directors and the management have ensured
                                                                                           that the Sustainability Report is prepared based on a reporting
                                                                                           framework that is appropriate to the corporate size and
                                                                                           complexity and meets national standards.
1.1.6   Direksi membangun kerangka kerja untuk governansi teknologi           Terpenuhi    Strategi dan kerangka kerja governansi TI Perseroan dijelaskan
        informasi korporasi yang selaras dengan kebutuhan dan                 Complied     dengan rinci pada Laporan Tahunan ini. Direksi memastikan
        prioritas bisnis korporasi, mendorong peluang dan kinerja                          bahwa Perseroan memiliki kebijakan alokasi sumber daya
        bisnis, memperkuat manajemen risiko, serta mendukung                               TI yang memadai dan optimal untuk mendukung tujuan dan
        tujuan dan strategi korporasi.                                                     strategi Bank.
        The Board of Directors builds a framework for corporate                            The Company’s IT governance strategy and framework
        information technology governance that is aligned with                             are explained in detail in this Annual Report. The Board of
        corporate business needs and priorities, drives business                           Directors ensures that the Company has adequate and optimal
        opportunities and performance, strengthens risk management,                        IT resource allocation policies to support the Company’s goals
        as well as supports corporate goals and strategies.                                and strategies.
1.1.7   Bagi korporasi yang menjalankan kegiatan usaha berdasarkan            Terpenuhi    Perseroan tidak memiliki kegiatan usaha yang dijalankan atas
        prinsip Syariah, Direksi perlu memastikan kewenangan dan              Complied     dasar prinsip syariah.
        ketersediaan perangkat pendukung yang memadai agar Dewan                           The Company does not conduct business activities based on
        Pengawas Syariah dapat menjalankan perannya dengan efektif.                        sharia principles.
        For corporations that conduct business activities based on
        sharia principles, the Board of Directors needs to ensure the
        authority and availability of adequate supporting tools, allowing
        the Sharia Supervisory Board to carry out its role effectively.
1.1.8   Piagam Direksi secara periodik ditinjau. Piagam mencakup              Terpenuhi    Piagam Direksi di reviu secara berkala. Piagam terkini telah
        antara lain pembagian peran Direktur secara individual dapat          Complied     diperbarui dan diunggah ke situs web Perseroan.
        diatur di Piagam Direksi atau dengan surat keputusan Direksi.                      The Board of Directors’ Charter is reviewed periodically.
        The Board of Directors’ Charter is periodically reviewed.                          The latest Charter has been updated and uploaded to the
        The Charter includes, among others, the division of roles for                      Company’s website.
        the Directors individually, which can be regulated in the Board
        of Directors’ Charter or by a decision letter of the Board of
        Directors.
1.1.9   Direksi mempunyai kebijakan terkait pengunduran diri anggota          Terpenuhi    Piagam Direksi dan Kebijakan Nominasi Perseroan telah
        Direksi apabila terlibat dalam kejahatan keuangan dan terbukti        Complied     mencantumkan kebijakan terkait pengunduran diri anggota
        melakukan kesalahan.                                                               Direksi apabila terlibat dalam kejahatan keuangan dan terbukti
        The Board of Directors has a policy on resignation of members                      melakukan kesalahan.
        of the Board of Directors if involved in a financial crime and are                 The Company’s Board of Directors’ Charter and Nomination
        proven to have made a mistake.                                                     Policy have included a policy on resignation of Board of
                                                                                           Directors’ members if involved in a financial crime and proven
                                                                                           to have made a mistake.
        Penilaian Kinerja - Direksi dan Anggotanya
1.2
        Performance Assessment - Board of Directors and its Members
1.2.1   Dewan Komisaris melakukan evaluasi formal tahunan secara              Terpenuhi    Perseroan memiliki kebijakan penilaian terhadap kinerja
        obyektif dan independen untuk menentukan efektivitas Direksi          Complied     Direksi yang terdiri dari penilaian kinerja kolegial Direksi,
        dan setiap individu Direktur.                                                      dilakukan minimum 1 kali dalam setahun.
        The Board of Commissioners conducts an annual formal                               The Company has a performance assessment policy for the
        evaluation objectively and independently to determine the                          Board of Directors, which consists of a collective performance
        effectiveness of the Board of Directors and each individual                        evaluation of the Board of Directors, conducted at least once
        Director.                                                                          a year.
1.2.2   Dewan Komisaris dengan pertimbangan Komite Nominasi dan               Terpenuhi    Hasil penilaian dibahas oleh Komite Nominasi dan Remunerasi
        Remunerasi, bertanggung jawab menentukan kriteria evaluasi            Complied     untuk mendapatkan masukan dan rekomendasi sebelum
        kinerja dan menilai kinerja Direktur Utama dan anggota Direksi                     dimintakan persetujuan Dewan Komisaris.
        lainnya.                                                                           The assessment results are discussed by the Nomination
        The Board of Commissioners, with considerations from the                           and Remuneration Committee to obtain input and
        Nomination and Remuneration Committee, is responsible for                          recommendations before seeking approval from the Board of
        determining performance evaluation criteria and assessing the                      Commissioners.
        performance of the President Director and other members of
        the Board of Directors.




                                                                                                                              PT Archi Indonesia Tbk
                                                                                                                                    2023 Annual Report
                                                                                                                                                             163
Page 166
                              Prinsip/Rekomendasi                                 Keterangan                  Implementasi di Perseroan
                           Principle/Recommendation                               Description               Implementation in the Company
                Peran dan Tanggung Jawab Dewan Komisaris
      1.3
                Roles and Responsibilities of the Board of Commissioners
      1.3.1     Dewan Komisaris mereviu strategi korporasi paling tidak            Terpenuhi    Dewan Komisaris bersama Direksi setiap tahun melakukan
                setiap tahun dan menyetujui misi, visi dan strategi korporasi      Complied     kajian dan reviu mengenai kesesuaian visi dan misi perusahaan
                yang dirumuskan oleh Direksi. Dewan Komisaris juga mereviu,                     terhadap strategi, kondisi perusahaan saat ini dan tantangan
                memberikan saran dan menyetujui rencana bisnis dan rencana                      usaha yang akan dihadapi ke depan. Dewan Komisaris juga
                keuangan jangka panjang dan rencana keuangan jangka                             mereviu, memberikan saran dan menyetujui rencana bisnis
                pendek korporasi. Dewan Komisaris memberikan advis dan                          dan rencana keuangan jangka panjang dan rencana keuangan
                melakukan pemantauan kepada Direksi atas pengelolaan                            jangka pendek korporasi dan melakukan pemantauan atas
                implementasinya. Direksi dan Dewan Komisaris terlibat dalam                     pengelolaan implementasinya oleh Direksi sebagaimana
                keputusan yang sangat penting bagi korporasi, diatur dalam                      disampaikan pada pembahasan visi dan misi Perseroan serta
                anggaran dasar korporasi.                                                       rapat Dewan Komisaris dan Direksi di Laporan Tahunan ini.
                The Board of Commissioners reviews the corporate strategy                       The Board of Commissioners, together with the Board of
                at least annually and approves the corporate mission, vision,                   Directors, annually conducts studies and reviews on the
                and strategy formulated by the Board of Directors. The Board                    suitability of the Company’s vision and mission to the strategy,
                of Commissioners also reviews, provides advice, and approves                    the Company’s current condition, and business challenges to
                long-term business and financial plans and the company’s                        face in the future. The Board of Commissioners also reviews,
                short-term financial plans. The Board of Commissioners                          provides advice, approves business plans, long-term financial
                provides advice and monitors the Board of Directors on the                      plans, and short-term financial plans for the Company, as well
                management of its implementation. The Board of Directors                        as oversees the management of their implementation by the
                and Board of Commissioners are involved in decisions deemed                     Board of Directors as stated in the discussion of the Company’s
                crucial for the corporation, as regulated in the Articles of                    vision and mission, as well as in meetings of the Board of
                Association of the Company.                                                     Commissioners and Board of Directors in this Annual Report.
      1.3.2     Jenis keputusan yang memerlukan persetujuan Dewan                  Terpenuhi    Keputusan-keputusan yang diambil oleh Dewan Komisaris
                Komisaris harus diungkapkan dalam laporan tahunan.                 Complied     telah disampaikan pada pembahasan Dewan Komisaris di
                The types of decisions that require the Board of Commissioners’                 Laporan Tahunan ini.
                approval must be disclosed in the Annual Report.                                Decisions taken by the Board of Commissioners have been
                                                                                                presented in the discussion of the Board of Commissioners in
                                                                                                this Annual Report.
      1.3.3     Dengan memperhatikan rekomendasi Komite Nominasi dan               Terpenuhi    Dewan Komisaris berperan aktif dalam proses pengangkatan
                Remunerasi, Dewan Komisaris mengusulkan kepada, dan untuk          Complied     dan/atau pemberhentian anggota Direksi dan anggota
                diputuskan oleh, RUPS pengangkatan dan/atau pemberhentian                       Dewan Komisaris, dengan memperhatikan rekomendasi
                anggota Direksi dan anggota Dewan Komisaris. Dalam                              Komite Nominasi dan Remunerasi dan keberagaman dengan
                mengusulkan hal di atas, Dewan Komisaris memperhatikan                          memberikan kesempatan yang sama tanpa membedakan suku,
                keberagaman, unsur nondiskriminatif dan memberikan                              agama, ras, antar golongan dan gender serta dilakukan dengan
                kesempatan yang sama tanpa membedakan suku, agama,                              formal dan transparan.
                ras, antar golongan dan jender. Dewan Komisaris memastikan                      The Board of Commissioners plays an active role in the process
                proses pencalonan dan pemilihan anggota Direksi dan anggota                     of appointing and/or dismissing members of the Board of
                Dewan Komisaris adalah formal dan transparan.                                   Commissioners and Board of Directors, by paying attention to
                Taking into account the recommendations from the                                the recommendations from the Nomination and Remuneration
                Nomination and Remuneration Committee, the Board of                             Committee and diversity by providing equal opportunities
                Commissioners proposes to, and to be resolved by, the GMS                       regardless of ethnicity, religion, race, class, and gender; and
                the appointment and/or dismissal of members of the Board                        carries out the nomination in a formal and transparent manner.
                of Directors and members of the Board of Commissioners.
                In proposing the above, the Board of Commissioners pays
                attention to diversity, non-discriminatory elements, and
                provides equal opportunities regardless of ethnicity, religion,
                race, class, and gender. The Board of Commissioners ensures
                a formal and transparent nomination and selection process for
                members of the Board of Directors and members of the Board
                of Commissioners.
      1.3.4     Dewan Komisaris atau Komite yang menjalankan fungsi                Terpenuhi    Dalam rangka mempersiapkan regenerasi kepemimpinan,
                nominasi menyusun kebijakan suksesi dalam proses nominasi          Complied     Perseroan memiliki dan menjalankan kebijakan suksesi Direksi
                anggota Direksi. Setiap tahun Dewan Komisaris meninjau                          dan/atau Manajemen Senior yang merupakan bagian dari
                pelaporan pelaksanaan rencana pengembangan dan suksesi                          Piagam Komite Nominasi dan Remunerasi sebagaimana yang
                yang disampaikan Direktur Utama.                                                tertuang dalam Laporan Tahunan.
                The Board of Commissioners or the Committee conducting                          In order to prepare for leadership regeneration, the Company
                the nomination function prepares a succession policy in the                     has established and implemented a succession policy for the
                process of nominating members of the Board of Directors.                        Board of Directors and/or Senior Management, which is part of
                Every year, the Board of Commissioners reviews the report                       the Nomination and Remuneration Committee Charter and has
                on implementation of development and succession plans                           been presented in the Annual Report.
                submitted by the President Director.




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                                                                                                                          Tata Kelola Perusahaan
                                                                                                                      Good Corporate Governance




                     Prinsip/Rekomendasi                                  Keterangan                  Implementasi di Perseroan
                  Principle/Recommendation                                Description               Implementation in the Company
1.3.5   Dewan Komisaris:                                                   Terpenuhi    Komite Nominasi dan Remunerasi melakukan pembahasan
        a. mengajukan kepada RUPS, yang dapat didahului oleh usulan        Complied     atas remunerasi Dewan Komisaris dan Direksi dengan
           dari Komite yang menjalankan fungsi remunerasi, besaran                      mempertimbangkan informasi atas kisaran dan standar
           remunerasi anggota Direksi dan anggota Dewan Komisaris                       remunerasi dengan industri sejenis (peers group) di pasaran
           yang selaras dengan pengembangan korporasi yang                              serta kemampuan Perseroan; Komite Nominasi dan
           berkelanjutan dan kepentingan jangka panjang korporasi                       Remunerasi memberikan rekomendasi untuk selanjutnya
           dan Pemegang Saham; serta                                                    dibahas dalam rapat Dewan Komisaris; Dewan Komisaris
        b. secara berkala mereviu sistem remunerasi Direksi dan                         mempelajari rekomendasi dari Komite Nominasi dan
           Dewan Komisaris.                                                             Remunerasi dan mengusulkan remunerasi tersebut kepada
        The Board of Commissioners:                                                     RUPS; dan RUPS menetapkan remunerasi untuk Dewan
                                                                                        Komisaris, untuk kemudian diimplementasikan sesuai
        a. Submits to the GMS, which may be preceded by
                                                                                        penetapannya oleh Direksi.
           recommendation from the committee conducting
           remuneration function, the remuneration amount for                           The Nomination and Remuneration Committee discusses the
           members of the Board of Directors and members of the                         remuneration for the Board of Commissioners and Board of
           Board of Commissioners, in line with the sustainable                         Directors, taking into account information on the range and
           corporate development and long-term interests of the                         standards of remuneration within similar industries (peer
           corporation and Shareholders; and                                            groups) in the market, as well as the Company’s capabilities.
        b. Periodically reviews the remuneration system for the Board                   The Nomination and Remuneration Committee provides
           of Directors and Board of Commissioners.                                     recommendations to be further discussed in the Board of
                                                                                        Commissioners’ meeting. The Board of Commissioners
                                                                                        reviews the recommendations from the Nomination and
                                                                                        Remuneration Committee and proposes this remuneration to
                                                                                        the GMS. The GMS then determines the remuneration for the
                                                                                        Board of Commissioners, which is subsequently implemented
                                                                                        by the Board of Directors according to the resolution.
1.3.6   Dewan Komisaris mengawasi efektivitas kebijakan governansi         Terpenuhi    Dewan Komisaris baik secara langsung atau melalui komite-
        korporat dan implementasinya serta mengusulkan perubahan           Complied     komite senantiasa mengawasi dan mengarahkan kebijakan dan
        jika diperlukan.                                                                efektivitas penerapan tata kelola.
        The Board of Commissioners oversees the effectiveness of                        The Board of Commissioners, either directly or through
        corporate governance policies and their implementation and                      committees, always supervises and directs the policies and
        proposes changes if necessary.                                                  effectiveness of governance implementation.
1.3.7   Dewan Komisaris memantau dan mengarahkan agar korporasi            Terpenuhi    Dewan Komisaris baik secara langsung atau melalui komite-
        menerapkan manajemen risiko dan sistem pengendalian                Complied     komite senantiasa mengawasi dan mengarahkan kebijakan
        internal yang tepat dan efektif yang selaras dengan tujuan,                     dan efektivitas penerapan manajemen risiko dan sistem
        sasaran, dan strategi korporasi serta mematuhi peraturan                        pengedalian internal yang dilakukan oleh manajemen.
        perundang-undangan, kode perilaku, dan standar yang berlaku.                    The Board of Commissioners, either directly or through
        The Board of Commissioners monitors and directs the                             committees, always supervises and directs the policies and
        corporation to implement appropriate and effective risk                         effectiveness of risk management and internal control systems
        management and internal control systems that are aligned                        carried out by management.
        with the corporate goals, objectives, and strategies, as well
        as complying with applicable laws and regulations, codes of
        conduct, and standards.
1.3.8   Dewan Komisaris mengawasi dan mengarahkan agar tercapai            Terpenuhi    Dewan Komisaris baik secara langsung atau melalui komite-
        integritas akuntansi dan sistem pelaporan keuangan korporat,       Complied     komite senantiasa memastikan integritas akuntansi dan
        serta independensi fungsi audit internal dan eksternal.                         sistem pelaporan keuangan serta independensi fungsi audit
        The Board of Commissioners supervises and directs the                           internal dan eksternal yang tercermin melalui pembahasan
        integrity of the corporate accounting and financial reporting                   Komite Audit dan Unit Audit Internal di Laporan Tahunan ini.
        system, as well as the independence of internal and external                    The Board of Commissioners, either directly or through
        audit functions.                                                                committees, always ensures the integrity of the accounting
                                                                                        and financial reporting systems as well as the independence
                                                                                        of internal and external audit functions, which are reflected
                                                                                        through the discussions on Audit Committee and Internal Audit
                                                                                        Unit in this Annual Report.
1.3.9   Dewan Komisaris memantau, mereviu, dan menyetujui                  Terpenuhi    Penyusunan Laporan Tahunan dan Laporan Keberlanjutan
        laporan tahunan dan laporan keberlanjutan Korporasi                Complied     direviu dan disetujui oleh Dewan Komisaris.
        serta memastikan integritasnya, serta mengawasi proses                          The preparation of the Annual Report and Sustainability Report
        pengungkapan dan pengkomunikasian korporasi.                                    is monitored and approved by the Board of Commissioners.
        The Board of Commissioners monitors, reviews, and approves
        the Annual Report and Sustainability Report of the corporation,
        ensures their integrity, and oversees the corporation’s
        disclosure and communication process.




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                              Prinsip/Rekomendasi                                   Keterangan                  Implementasi di Perseroan
                           Principle/Recommendation                                 Description               Implementation in the Company
      1.3.10    Piagam Dewan Komisaris secara periodik ditinjau.                     Terpenuhi    Piagam Dewan Komisaris dikaji secara berkala. Piagam terkini
                The Board of Commissioners Charter is periodically reviewed.         Complied     telah diperbarui dan diunggah ke situs web Perseroan.
                                                                                                  The Board of Commissioners’ Charter is reviewed periodically.
                                                                                                  The latest Charter has been updated and uploaded to the
                                                                                                  Company’s website.
      1.3.11    Dewan Komisaris mempunyai kebijakan terkait pengunduran              Terpenuhi    Piagam Dewan Komisaris telah mengatur bagi anggota Dewan
                diri anggota Dewan Komisaris apabila terlibat dalam kejahatan        Complied     Komisaris yang terlibat dalam kejahatan keuangan dan/atau
                keuangan dan terbukti melakukan kesalahan.                                        tindak pidana lainnya wajib mengundurkan diri dari jabatannya.
                The Board of Commissioners has a policy on resignation                            The Board of Commissioners Charter stipulates that members
                of members of the Board of Commissioners if involved in a                         of the Board of Commissioners who are involved in financial
                financial crime and are proven to have made a mistake.                            crimes and/or other criminal activities are required to resign
                                                                                                  from their positions.
      1.3.12    Komisaris independen sangat diharapkan untuk dapat                   Terpenuhi    Seluruh Komisaris Independen Perseroan memiliki rekam
                berkontribusi dalam diskusi yang jujur, obyektif, aktif, dan         Complied     jejak yang kredibel dan dapat berkontribusi dalam kemajuan
                konstruktif pada rapat Dewan Komisaris.                                           perusahaan. Hal ini ditunjukan dengan persentase kehadiran
                Independent commissioners are highly expected to be able                          di rapat Dewan Komisaris dan Komite yang rata-rata 100% dan
                to contribute to honest, objective, active, and constructive                      hasil penilaian kinerja baik Dewan Komisaris dan Komite yang
                discussions at the Board of Commissioners’ meetings.                              sangat baik dan istimewa.
                                                                                                  All Independent Commissioners of the Company have a credible
                                                                                                  track record and can contribute to the Company’s progress.
                                                                                                  This is indicated by the attendance percentage at the Board
                                                                                                  of Commissioners’ meetings which is at an average of 100%
                                                                                                  and the excellent and outstanding performance assessment
                                                                                                  results of both Board of Commissioners and Committee.
      1.3.13    Komisaris Utama berperan sebagai koordinator Dewan                   Terpenuhi    Komisaris Utama Perseroan memiliki tugas dan tanggung
                Komisaris dan memastikan efektivitasnya. Komisaris Utama             Complied     jawab di antaranya mengkoordinasikan pelaksanaan tugas dan
                mendorong budaya keterbukaan dan dialog konstruktif yang                          tanggung jawab Dewan Komisaris, serta memberikan usulan
                memungkinkan berbagai pandangan diungkapkan, termasuk                             untuk mengadakan rapat termasuk agenda rapat. Selain itu,
                mengkoordinasi penetapan agenda rapat dewan yang tepat dan                        rapat gabungan Dewan Komisaris dan Direksi dilaksanakan
                memastikan waktu yang cukup tersedia untuk mendiskusikan                          secara berkala.
                semua agenda. Selain itu, juga harus ada kesempatan bagi                          The Company’s President Commissioner has duties and
                Dewan Komisaris untuk bertemu dengan jajaran Direksi dan                          responsibilities including coordinating the implementation
                manajemen senior.                                                                 of duties and responsibilities of Board of Commissioners
                The President Commissioner acts as the coordinator of                             and providing suggestions to conduct meetings. In addition,
                the Board of Commissioners and ensures its effectiveness.                         joint meetings of the Board of Commissioners and Board of
                The President Commissioner promotes a culture of                                  Directors are held regularly.
                transparency and constructive dialogue that allows a variety
                of views to be expressed, including coordinating the setting
                of appropriate board meeting agenda and ensuring sufficient
                time is available to discuss all agenda items. In addition, there
                should be opportunities for the Board of Commissioners to
                meet with the Board of Directors and Senior Management.
                Pembentukan Komite
      1.4
                Establishment of a Committee
      1.4.1     Korporasi memiliki komite-komite di bawah Dewan Komisaris            Terpenuhi    Komite-komite di tingkat Dewan Komisaris terdiri dari Komite
                sekurang-kurangnya terdiri dari: Komite Audit, Komite                Complied     Audit, Komite Etik, serta Komite Nominasi dan Remunerasi.
                Nominasi dan Remunerasi, dan Komite Pemantau Manajemen                            Committees under the Board of Commissioners consist of
                Risiko.                                                                           the Audit Committee, Ethics Committee, and Nomination and
                The Corporation has committees under the Board of                                 Remuneration Committee.
                Commissioners, consisting of at least: Audit Committee,
                Nomination and Remuneration Committee, and Risk
                Management Monitoring Committee.
      1.4.2     Dewan Komisaris memastikan bahwa anggota Komite Audit                Terpenuhi    Anggota Komite Audit Perseroan seluruhnya merupakan
                seluruhnya independen dan komite lain yang dibentuk Dewan            Complied     Komisaris Independen dan pihak independen, dan ketua
                Komisaris adalah mayoritas dari pihak independen, serta                           Komite Audit dijabat oleh salah satu Komisaris Independen
                semua anggota komite memiliki kompetensi, berkomitmen,                            yaitu Dr. Ir. Bambang Setiawan.
                serta memiliki wewenang yang memadai untuk menjalankan                            All members of the Company’s Audit Committee are
                perannya secara efektif dan independen.                                           Independent Commissioners and independent parties, and the
                The Board of Commissioners ensures that all Audit Committee’s                     Chairman of Audit Committee is held by one of the Independent
                members are independent, and majority of members of other                         Commissioners, Dr. Ir. Bambang Setiawan.
                committees established by the Board of Commissioners
                are independent parties, and that all committee members
                are competent, committed, and have sufficient authority to
                perform their roles in an effective and independent manner.




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                                                                                                                              Tata Kelola Perusahaan
                                                                                                                          Good Corporate Governance




                      Prinsip/Rekomendasi                                   Keterangan                   Implementasi di Perseroan
                   Principle/Recommendation                                 Description                Implementation in the Company
1.4.3   Untuk memastikan pemantauan atas pelaksanaan tugas                   Terpenuhi    Komposisi anggota komite lainnya juga mayoritas merupakan
        Komite Audit berjalan obyektif dan independen, Komisaris             Complied     Komisaris Independen dan pihak independen. Hal ini
        Utama tidak boleh menjadi ketua Komite Audit, kecuali dalam                       disampaikan lebih detail dalam pembahasan Komite Audit dan
        keadaan luar biasa yang harus dijelaskan dalam Laporan                            komite lainnya masing-masing secara terpisah pada Laporan
        Tahunan.                                                                          Tahunan ini.
        To ensure objective and independent monitoring on the                             The composition of other committee members also mostly
        implementation of Audit Committee’s duties, the President                         consists of Independent Commissioners and independent
        Commissioner is not allowed to be the chairman of Audit                           parties. This is detailed further in the discussions of Audit
        Committee, except in exceptional circumstances which must                         Committee and other committees separately in this Annual
        be explained in the Annual Report.                                                Report.
        Penilaian Kinerja – Dewan Komisaris dan Anggotanya
1.5
        Performance Assessment – Board of Commissioners and its Members
1.5.1   Dewan Komisaris melakukan evaluasi formal tahunan secara             Terpenuhi    Pelaksanaan penilaian kinerja Dewan Komisaris dan komitenya
        obyektif untuk menentukan efektivitas Dewan, komitenya, dan          Complied     dilakukan setiap tahun (minimum satu tahun sekali). Penilaian
        setiap individu Komisaris.                                                        kinerja Dewan Komisaris dan komitenya (termasuk Komisaris
        The Board of Commissioners conducts an annual formal                              Utama) menggunakan beberapa kriteria sebagaimana yang
        evaluation objectively to determine the effectiveness of the                      tertuang dalam Laporan Tahunan.
        Board, its committees, and each individual Commissioner.                          The performance assessment of the Board of Commissioners
                                                                                          and its committees is carried out every year (at least once
                                                                                          a year). The performance assessment of the Board of
                                                                                          Commissioners and its committees (including President
                                                                                          Commissioner) uses several criteria as stated in the Annual
                                                                                          Report.
        Benturan Kepentingan
1.6
        Conflict of Interest
1.6.1   Anggota Direksi yang mempunyai rangkap jabatan di luar               Terpenuhi    Anggota Direksi Perseroan yang mempunyai rangkap jabatan
        korporasi, harus mendapatkan persetujuan dari Dewan                  Complied     di luar Archi, telah mendapat persetujuan Dewan Komisaris.
        Komisaris. Seorang Komisaris memberi tahu Dewan Komisaris                         Komisaris yang menerima penunjukan dari perusahaan
        dan ketua komite yang menjalankan fungsi nominasi, sebelum                        terbuka lain, wajib menyampaikan informasi tersebut kepada
        menerima penunjukan baru sebagai Direktur atau Komisaris                          Dewan Komisaris dan/atau Komite Nominasi dan Remunerasi.
        dari korporasi terbuka, jabatan Direktur lainnya atau posisi lain                 Members of the Company’s Board of Directors who hold
        dengan komitmen waktu yang signifikan.                                            concurrent positions outside of Archi have obtained approval
        Members of the Board of Directors with concurrent positions                       from the Board of Commissioners. Commissioners who receive
        outside the corporation must obtain approval from the Board                       appointments from other public companies are required to
        of Commissioners. A Commissioner shall notify the Board of                        disclose this information to the Board of Commissioners and/
        Commissioners and the chairman of committee performing                            or the Nomination and Remuneration Committee.
        nominating function, prior to accepting a new appointment
        as Director or Commissioner of a publicly listed corporation,
        other Director positions, or other positions with a significant
        time commitment.
1.6.2   Dewan Komisaris memantau dan mengelola potensi benturan              Terpenuhi    Dalam pelaksanaan tugas dan tanggung jawabnya, seluruh
        kepentingan manajemen, anggota Direksi, Dewan Komisaris              Complied     anggota Dewan Komisaris berkomitmen untuk menghindari
        dan Pemegang Saham, termasuk penyalahgunaan aset                                  terjadinya potensi benturan kepentingan atau selalu
        korporasi dan penyalahgunaan dalam transaksi pihak berelasi.                      menempatkan diri untuk tidak berada dalam potensi terjadinya
        Komisaris yang memiliki benturan kepentingan tidak turut                          benturan kepentingan dalam situasi apapun sebagaimana
        serta dalam pemantauan dan pengambilan keputusan atas                             tercantum dalam Piagam Dewan Komisaris. Dalam hal terjadi
        potensi benturan kepentingan yang melibatkan Komisaris atau                       benturan kepentingan, anggota Dewan Komisaris dilarang
        afiliasi Komisaris yang bersangkutan.                                             mengambil tindakan yang dapat merugikan atau mengurangi
        The Board of Commissioners monitors and manages potential                         keuntungan Perseroan dan wajib mengungkapkan potensi
        conflicts of interest within the management, members of the                       benturan kepentingan dimaksud dalam setiap keputusan.
        Board of Directors, Board of Commissioners, and Shareholders,                     In performing their duties and responsibilities, all members
        including misuse of corporate assets and misuse of related                        of the Board of Commissioners are committed to avoiding
        party transactions. Commissioners with conflicts of interest                      potential conflicts of interest or always position themselves
        shall not participate in monitoring and making decisions on                       not to be involved in any situation containing potential conflicts
        matters containing potential conflicts of interest involving the                  of interest as stated in the Board of Commissioners’ Charter.
        Commissioners or affiliates of the Commissioner concerned.                        In the event of a conflict of interest, members of the Board of
                                                                                          Commissioners are prohibited from taking actions that may
                                                                                          harm or reduce the Company’s profits and must disclose the
                                                                                          potential conflict of interest referred to in every decision.




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                              Prinsip/Rekomendasi                                  Keterangan                   Implementasi di Perseroan
                           Principle/Recommendation                                Description                Implementation in the Company
                Peningkatan Kompetensi Anggota Direksi dan Dewan Komisaris
      1.7
                Competency Improvement of Members of the Board of Directors and Board of Commissioners
      1.7.1     Dewan Komisaris memastikan bahwa anggota Direksi dan                Terpenuhi    Dewan Komisaris dan Direksi telah mengikuti pendidikan dan
                Dewan Komisaris memahami peran dan tanggung jawab                   Complied     pelatihan dengan tujuan untuk meningkatkan kemampuan
                mereka, karakteristik dan operasi korporasi, peraturan                           stategis, menambah pengetahuan bisnis, meningkatkan
                perundang-undangan dan standar yang relevan serta                                kepemimpinan, mengembangkan keterampilan baru, serta
                kewajiban lain yang berlaku. Direksi melalui sekretaris                          meningkatkan dan menjaga kualitas layanan yang dimiliki.
                korporasi mendukung semua anggota Direksi dan Dewan                              Adapun rincian pendidikan dan pelatihan yang diikuti Dewan
                Komisaris dalam memperbarui dan menyegarkan keterampilan                         Komisaris dan Direksi telah tertuang dalam Laporan Tahunan.
                dan pengetahuan mereka yang diperlukan untuk menjalankan                         The Board of Commissioners and Board of Directors have
                peran mereka di Dewan.                                                           attended education and training programs with the aim of
                The Board of Commissioners ensures that members of the                           enhancing strategic capabilities, adding business knowledge,
                Board of Directors and Board of Commissioners understand                         enhancing leadership, developing new skills, and improving as
                their roles and responsibilities, characteristics and operations                 well as maintaining the quality of services. Details of education
                of the corporation, relevant laws and regulations, and other                     and training programs attended by the Board of Commissioners
                applicable standards and obligations. The Board of Directors,                    and Board of Directors are presented in this Annual Report.
                through the Corporate Secretary, supports all members of the
                Board of Directors and Board of Commissioners in updating
                and refreshing the required skills and knowledge to perform
                their roles on the Board.
                KOMPOSISI DAN REMUNERASI DIREKSI DAN DEWAN KOMISARIS
      2
                COMPOSITION AND REMUNERATION OF THE BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS
                Komposisi Direksi dan Dewan Komisaris
      2.1
                Composition of the Board of Directors and Board of Commissioners
      2.1.1     Dalam menentukan kandidat calon Direktur, Dewan Komisaris           Terpenuhi    Sebagaimana diatur dalam Kebijakan Nominasi yang mengatur
                melalui Komite Nominasi dan Remunerasi tidak hanya                  Complied     tentang proses pemilihan, pengangkatan, pemberhentian
                mengandalkan rekomendasi dari Dewan Komisaris, manajemen                         dan/atau penggantian anggota Dewan Komisaris, Direksi dan
                atau Pemegang Saham mayoritas. Dewan Komisaris melalui                           pihak independen, Perseroan dapat menggunakan jasa pihak
                Komite Nominasi dan Remunerasi dapat menggunakan sumber                          ketiga (search firms) yang independen dan memiliki reputasi
                independen untuk menentukan kandidat yang memenuhi                               baik dalam proses seleksi kandidat Dewan Komisaris. Pihak
                syarat.                                                                          ketiga yang ditunjuk (search firms) oleh Perseroan akan
                In determining Director candidates, the Board of                                 membantu proses seleksi.
                Commissioners, through the Nomination and Remuneration                           As stipulated in the Nomination Policy, which governs the
                Committee, does not rely solely on recommendations from                          process of selection, appointment, termination, and/or
                the Board of Commissioners, management, or majority                              replacement of members of the Board of Commissioners,
                shareholders. The Board of Commissioners, through                                Board of Directors, and independent parties, the Company
                the Nomination and Remuneration Committee, may use                               may engage the services of independent third parties (search
                independent sources to determine qualified candidates.                           firms) with a good reputation in the selection process of Board
                                                                                                 of Commissioners candidates. Third parties (searh firms)
                                                                                                 appointed by the Company will assist the selection process.
      2.1.2     Dewan Komisaris memastikan bahwa kriteria dalam menyeleksi          Terpenuhi    Kebijakan Nominasi juga mengatur minimum kriteria yang
                anggota Direksi mencakup paling tidak pengetahuan,                  Complied     harus dimiliki oleh calon anggota Dewan Komisaris dan Direksi
                kemampuan, dan keahlian yang dibutuhkan untuk memenuhi                           Perseroan, baik dari sisi integritas, kompetensi, reputasi,
                secara tepat peran Direksi serta memperhatikan terpenuhinya                      domisili, independensi, atau kriteria khusus lainnya sesuai
                keberagaman Direksi.                                                             bidang Direktur.
                The Board of Commissioners ensures that the criteria for                         Nomination Policy also ensures the minimum criteria that
                selecting members of the Board of Directors include at least                     must be possessed by candidates of the Company’s Board of
                the required knowledge, abilities, and expertise to properly                     Commissioners and Board of Directors in terms of integrity,
                meet the role of the Board of Directors and pay attention to the                 competence, reputation, domicile, independence, or other
                fulfillment of the Board of Directors’ diversity.                                special criteria according to the respective field of each
                                                                                                 Director.
      2.1.3     Kebijakan korporasi tentang keberagaman pada, Direksi dan           Terpenuhi    Kebijakan keberagaman komposisi Dewan Komisaris dan
                Dewan Komisaris diungkapkan dalam Laporan Tahunan.                  Complied     Direksi telah diatur dalam Kebijakan Keberagaman dan
                The corporate policy on diversity in the Board of Directors and                  pencapaiannya telah disampaikan dalam Laporan Tahunan
                Board of Commissioners is disclosed in the Annual Report.                        ini. Komposisi Dewan Komisaris telah memenuhi kebutuhan
                                                                                                 Perseroan.
                                                                                                 The policy on diversity in the composition of the Board of
                                                                                                 Commissioners and Board of Directors has been regulated in
                                                                                                 the Diversity Policy, and its achievements have been presented
                                                                                                 in this Annual Report. The composition of the Board of
                                                                                                 Commissioners has met the Company’s needs.




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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                        Good Corporate Governance




                     Prinsip/Rekomendasi                                   Keterangan                  Implementasi di Perseroan
                  Principle/Recommendation                                 Description               Implementation in the Company
2.1.4   Dewan Komisaris memastikan bahwa kebijakan dan prosedur             Terpenuhi    Perseroan telah mengatur keberagaman komposisi anggota
        untuk seleksi dan nominasi Komisaris adalah jelas dan               Complied     Dewan Komisaris dan Direksi yang tertuang dalam Kebijakan
        transparan sehingga dapat menghasilkan komposisi Dewan                           Keberagaman Komposisi Anggota Dewan Komisaris dan
        yang diinginkan. Dewan Komisaris menggunakan sumber                              Direksi.
        independen untuk menentukan kandidat yang memenuhi                               The Company has regulated the diversity in the composition
        syarat.                                                                          of the Board of Commissioners and Board of Directors, as
        The Board of Commissioners ensures that the policies and                         outlined in the Diversity Composition Policy for Board of
        procedures for the selection and nomination of Commissioners                     Commissioners and Board of Directors members.
        are clear and transparent so as to produce the desired Board
        composition. The Board of Commissioners uses independent
        sources to determine qualified candidates.
2.1.5   Dewan Komisaris/Komite yang menjalankan fungsi nominasi             Terpenuhi    Komite Nominasi dan Remunerasi menjalankan fungsi
        menetapkan prosedur dan kriteria nominasi yang konsisten            Complied     nominasi berdasarkan prosedur dan kriteria nominasi yang
        dengan matriks keahlian Dewan Komisaris yang telah disetujui                     tertuang dalam Kebijakan Nominasi dan disetujui oleh Dewan
        Dewan Komisaris dan memastikan bahwa profil kandidat                             Komisaris.
        memenuhi persyaratan yang ditetapkan dalam matriks                               The Nomination and Remuneration Committee performs the
        keahlian dan kriteria nominasi.                                                  nomination function based on the procedures and nomination
        The Board of Commissioners/Committee that performs the                           criteria set out in the Nomination Policy and approved by the
        nomination function establishes nomination procedures and                        Board of Commissioners.
        criteria, which are consistent with the Board of Commissioners’
        expertise matrix, which has been approved by the Board of
        Commissioners, and ensures that the candidate profile meets
        the established requirements in the expertise matrix and
        nomination criteria.
2.1.6   Komposisi Dewan Komisaris harus dibentuk sedemikian                 Terpenuhi    Komite Nominasi dan Remunerasi juga telah melakukan fungsi
        rupa sehingga anggota-anggotanya secara kelompok                    Complied     dan tanggung jawabnya dalam memastikan proses nominasi
        mencerminkan keberagaman dalam hal kemampuan, keahlian,                          dan remunerasi di Perseroan berjalan dengan benar dan
        pengetahuan, pengalaman, usia, latar belakang budaya, dan                        transparan demi kepentingan perusahaan. Hal ini bisa dilihat
        gender yang dibutuhkan untuk memenuhi secara tepat peran                         pada pembahasan di Laporan Tahunan ini.
        Dewan Komisaris.                                                                 The Nomination and Remuneration Committee has also
        The Board of Commissioners’ composition must be formed in                        fulfilled its function and responsibility in ensuring that the
        such a way that its members as a group reflect the diversity in                  nomination and remuneration processes in the Company are
        terms of abilities, skills, knowledge, experience, age, cultural                 conducted correctly and transparently for the benefit of the
        background, and gender required to properly fulfill the roles of                 Company. This can be observed in the discussions presented
        the Board of Commissioners.                                                      in this Annual Report.
2.1.7   Untuk memampukan Dewan Komisaris dalam memberikan                   Terpenuhi    Pelaksanaan tugas Dewan Komisaris termasuk komposisi,
        advis dan supervisi secara independen kepada Direksi                Complied     masa jabatan, independensi, kehadiran rapat dan pelatihan
        dan untuk peran-peran yang terdapat potensi benturan                             di sepanjang tahun disampaikan secara detail pada Laporan
        kepentingan, Dewan Komisaris terdiri dari Komisaris                              Tahunan ini.
        Independen yang cukup jumlahnya, dengan masa jabatan                             The implementation of the Board of Commissioners’ duties,
        yang dibatasi dan terdapat pengungkapan jangka waktu                             including composition, term of office, independence, meeting
        keanggotaan Dewan Komisaris serta independensi mereka                            attendance, and training throughout the year is presented in
        dari sudut pandang korporasi.                                                    detail in this Annual Report.
        To enable the Board of Commissioners to provide independent
        advice and supervision to the Board of Directors and for
        roles with potential conflicts of interest, the Board of
        Commissioners shall consist of a sufficient number of
        Independent Commissioners, with a limited term of office and
        disclosure of the term of office of the Board of Commissioners
        and their independence from a corporate perspective.
2.1.8   Untuk memfasilitasi fungsi Direksi dan Dewan Komisaris yang         Terpenuhi    Komite Nominasi dan Remunerasi juga telah melakukan fungsi
        efektif dan guna meningkatkan kepercayaan investor dan              Complied     dan tanggung jawabnya dalam memastikan proses nominasi
        pemangku kepentingan, Komite Nominasi dan Remunerasi                             dan remunerasi di Perseroan berjalan dengan benar dan
        memastikan bahwa terdapat proses yang formal, ketat, dan                         transparan demi kepentingan perusahaan. Hal ini bisa dilihat
        transparan untuk penunjukan dan pengangkatan anggota                             pada pembahasan di Laporan Tahunan ini.
        Direksi dan Dewan Komisaris.                                                     The Nomination and Remuneration Committee has also
        To facilitate effective function of the Board of Directors                       performed its functions and responsibilities in ensuring that
        and Board of Commissioners and to increase investors                             the nomination and remuneration process at the Company runs
        and stakeholders trust, the Nomination and Remuneration                          properly and transparently in the interests of the Company.
        Committee ensures that there is a formal, rigorous, and                          This matter can be seen in the discussion in this Annual Report.
        transparent process for the selection and appointment
        of members of the Board of Directors and Board of
        Commissioners.




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                              Prinsip/Rekomendasi                                  Keterangan                   Implementasi di Perseroan
                           Principle/Recommendation                                Description                Implementation in the Company
                Remunerasi Direksi dan Dewan Komisaris
      2.2
                Remuneration of the Board of Directors and Board of Commissioners
      2.2.1     Kebijakan remunerasi anggota Direksi terdiri atas struktur          Terpenuhi    Perseroan memiliki dan menjalankan Kebijakan Remunerasi
                remunerasi yang berorientasi pada pengembangan korporasi            Complied     Berbasiskan Risiko. Kebijakan Remunerasi Perseroan dikaji
                yang berkelanjutan dan mendorong pencapaian tujuan jangka                        ulang secara berkala. Hingga tahun 2023, kebijakan tersebut
                panjang. Remunerasi Direksi harus diusulkan, dapat dengan                        masih relevan dan belum perlu dilakukan perbaikan. Kebijakan
                melalui Komite Nominasi dan Remunerasi, oleh Dewan                               remunerasi tersebut disusun dengan mengedepankan sistem
                Komisaris untuk diputuskan oleh RUPS. Jumlah remunerasi                          remunerasi yang kompetitif, adil dan seimbang, berdasarkan
                yang diusulkan kepada RUPS tersebut ditetapkan dengan                            peraturan perundang-undangan yang berlaku.
                mempertimbangkan peran setiap anggota Direksi dan situasi                        The Company has and operates a Risk-Based Remuneration
                ekonomi serta kinerja korporasi.                                                 Policy. The Company’s Remuneration Policy is periodically
                The remuneration policy for the Board of Directors’ members                      reviewed. Until 2023, the policy remains relevant and does not
                consists of a remuneration structure that is oriented towards                    require amendment. The remuneration policy is formulated
                sustainable corporate development and encourages the                             by prioritizing a competitive, fair, and balanced remuneration
                achievement of long-term goals. The Board of Directors’                          system based on applicable regulations.
                remuneration must be proposed, possibly through the
                Nomination and Remuneration Committee, by the Board of
                Commissioners to be resolved by the GMS. The remuneration
                amount proposed to the GMS is determined by considering the
                role of each member of the Board of Directors, the economic
                situation, and the corporate performance.
      2.2.2     Kebijakan remunerasi anggota Dewan Komisaris terdiri atas           Terpenuhi    Perseroan menyusun struktur, kebijakan, dan besaran
                struktur remunerasi yang berorientasi pada pengembangan             Complied     remunerasi masing-masing anggota Dewan Komisaris dengan
                korporasi yang berkelanjutan dan mendorong pencapaian                            memperhatikan tugas, wewenang, kinerja, dan tanggung jawab
                tujuan jangka panjang. Jumlah remunerasi yang diusulkan                          Dewan Komisaris. Perseroan juga memperhatikan remunerasi
                Dewan Komisaris kepada RUPS tersebut ditetapkan dengan                           yang berlaku di industri sejenis dan kemampuan perusahaan.
                mempertimbangkan peran setiap anggota Dewan Komisaris                            The Company prepares the structure, policies, and amount of
                dan situasi ekonomi serta kinerja korporasi. Di samping itu juga                 remuneration for each member of the Board of Commissioners
                harus dipertimbangkan posisinya sebagai Komisaris Utama                          by considering duties, authorities, performance, and
                dan ketua serta keanggotaannya dalam komite-komite.                              responsibilities of the Board of Commissioners. The Company
                The remuneration policy for the Board of Commissioners’                          also pays attention to the remuneration that applies in similar
                members consists of a remuneration structure that is oriented                    industries as well as the Company’s capabilities.
                towards sustainable corporate development and encourages
                the achievement of long-term goals. The remuneration
                amount proposed by the Board of Commissioners to the GMS
                is determined by considering the role of each member of the
                Board of Commissioners, the economic situation, and the
                corporate performance. In addition, it must also consider his/
                her position as President Commissioner and chairman as well
                as membership in committees.
      2.2.3     Untuk memastikan bahwa paket remunerasi ditentukan                  Terpenuhi    Komite Nominasi dan Remunerasi melakukan pembahasan
                berdasarkan prestasi, kualifikasi, dan kompetensi Direktur dan      Complied     atas remunerasi Dewan Komisaris dengan mempertimbangkan
                Komisaris dengan memperhatikan kinerja operasi korporasi,                        informasi atas kisaran dan standar remunerasi dengan industri
                kinerja individu dan kondisi pasar, Komite Nominasi dan                          sejenis di pasaran serta kemampuan Perseroan. Remunerasi
                Remunerasi memastikan bahwa terdapat prosedur yang adil                          Dewan Komisaris dan Direksi ditetapkan oleh RUPS.
                dan transparan untuk menetapkan kebijakan remunerasi                             The Nomination and Remuneration Committee discusses the
                anggota Direksi dan Dewan Komisaris.                                             remuneration for the Board of Commissioners by considering
                To ensure that the remuneration package is determined based                      information based on the range and standards of remuneration
                on the achievements, qualifications, and competencies of the                     within similar industries in the market, as well as the Company’s
                Directors and Commissioners by considering the corporate                         capabilities. The remuneration for the Board of Commissioners
                operational performance, individual performance, and market                      and Board of Directors is determined by the GMS.
                conditions, the Nomination and Remuneration Committee
                ensures that there are fair and transparent procedures for
                establishing remuneration policies for members of the Board
                of Directors and Board of Commissioners.




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                                                                                                                           Tata Kelola Perusahaan
                                                                                                                       Good Corporate Governance




                     Prinsip/Rekomendasi                                  Keterangan                  Implementasi di Perseroan
                  Principle/Recommendation                                Description               Implementation in the Company
        HUBUNGAN KERJA ANTARA DIREKSI DAN DEWAN KOMISARIS
3
        WORKING RELATIONSHIP BETWEEN THE BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS
        Sifat Hubungan Kerja
3.1
        Nature of Working Relationship
3.1.1   Terdapat diskusi yang terbuka antara Direksi dengan Dewan          Terpenuhi    Diskusi Direksi dan Dewan Komisaris dapat dilakukan melalui
        Komisaris serta di antara para anggota Direksi dan para            Complied     rapat Dewan Komisaris bersama dengan Direksi. Melalui rapat-
        anggota Dewan Komisaris. Namun, tetap penting menjaga                           rapat tersebut diantaranya, Dewan Komisaris membahas
        kerahasiaan informasi agar tidak terjadi kebocoran informasi                    berbagai hal, di antaranya laporan tindak lanjut dari risalah
        rahasia.                                                                        rapat Dewan Komisaris; laporan kinerja keuangan; dan laporan
        There are open discussions between the Board of Directors                       komite-komite di bawah Dewan Komisaris.
        and the Board of Commissioners as well as among members                         Discussions between the Board of Directors and the Board of
        of the Board of Directors and members of the Board of                           Commissioners can be conducted through joint meetings of
        Commissioners. However, it remains important to maintain the                    the Board of Commissioners and Board of Directors. Through
        confidentiality of information to avoid leakage of confidential                 these meetings, the Board of Commissioners discusses
        information.                                                                    various matters, including follow-up report from the minutes of
                                                                                        the Board of Commissioners’ meetings; financial performance
                                                                                        report; and reports from committees under the Board of
                                                                                        Commissioners.
3.1.2   Sesuai dengan tugas dan perannya masing-masing, Direksi            Terpenuhi    Setiap tahun, strategi dan kebijakan Perseroan dalam jangka
        bekerja sama dengan Dewan Komisaris dalam merumuskan               Complied     pendek dan menengah disusun sesuai dengan visi dan misi
        misi, visi, dan strategi korporasi dan secara reguler membahas                  yang telah ditetapkan. Secara berkala, Direksi bersama Dewan
        pengimplementasiannya.                                                          Komisaris beserta jajaran Manajemen Senior Perseroan
        In accordance with their respective duties and roles, members                   melakukan evaluasi berkala terhadap strategi dan kebijakan
        of the Board of Directors cooperate with those of the Board of                  perusahaan serta implementasinya di seluruh level organisasi.
        Commissioners in formulating corporate missions, visions, and                   Every year, the Company’s strategy, and policies in the short
        strategies, and regularly discuss their implementation.                         and medium-term are prepared in accordance with the
                                                                                        established vision and mission. Periodically, the Board of
                                                                                        Directors, together with the Board of Commissioners along
                                                                                        with the Company’s Senior Management, periodically evaluates
                                                                                        the company’s strategy and policies and their implementation
                                                                                        at all levels of the organization.
3.1.3   Sekretaris Korporasi memiliki peran penting dalam mendukung        Terpenuhi    Perseroan menunjuk Hidayat Dwiputro Sulaksono sebagai
        efektivitas hubungan kerja antara Direksi dengan Dewan             Complied     Sekretaris Perusahaan berdasarkan Keputusan Direksi
        Komisaris, mendorong implementasi praktik governansi                            secara Sirkuler sebagai Pengganti Rapat Direksi tanggal
        korporat yang baik, termasuk komunikasi yang efektif dengan                     5 Januari 2023. Sekretaris Perusahaan Perseroan bertanggung
        Pemegang Saham dan pemangku kepentingan lainnya.                                jawab untuk memelihara citra dan melindungi kepentingan
        The Corporate Secretary has a crucial role in supporting the                    perusahaan dengan membangun komunikasi dan hubungan
        effectiveness of working relationship between the Board of                      baik dengan semua pihak serta sebagai penghubung antara
        Directors and the Board of Commissioners, encouraging the                       Perseroan dengan Pemegang Saham serta Pemangku
        implementation of good corporate governance practices,                          Kepentingan lainnya.
        including effective communication with Shareholders and                         The Company appointed Hidayat Dwiputro Sulaksono as the
        other stakeholders.                                                             Corporate Secretary based on the Board of Directors’ Circular
                                                                                        Decision as a Substitute for the Board of Directors Meeting
                                                                                        on January 5, 2023. The Company’s Corporate Secretary is
                                                                                        responsible for maintaining the image and protecting the
                                                                                        Company’s interests by establishing good communication
                                                                                        and relations with all parties and being a liaison between the
                                                                                        Company and Shareholders and other stakeholders.
        Akses informasi Dewan Komisaris
3.2
        Access to Information for the Board of Commissioners
3.2.1   Direksi bertanggung jawab untuk memastikan Dewan                   Terpenuhi    Dewan Komisaris dapat berinteraksi dengan Direksi baik
        Komisaris mendapatkan akses informasi yang akurat, relevan,        Complied     secara langsung maupun melalui rapat Dewan Komisaris
        dan tepat waktu. Dewan Komisaris sendiri memastikan bahwa                       bersama Direksi yang sudah dijadwalkan di awal tahun maupun
        ia memperoleh informasi yang memadai. Direksi menyediakan                       juga ad-hoc jika ada informasi/peristiwa yang material harus
        informasi kepada Dewan Komisaris secara teratur, tanpa                          disampaikan kepada Dewan Komisaris.
        penundaan, dan secara komprehensif tentang semua masalah                        The Board of Commissioners can interact with the Board
        yang relevan dengan korporasi. Dewan Komisaris sewaktu-                         of Directors both directly and through the joint meeting of
        waktu dapat meminta Direksi untuk memberikan informasi                          the Board of Commissioners and Board of Directors that is
        tambahan.                                                                       scheduled at the beginning of the year and ad-hoc if there is
        The Board of Directors is responsible for ensuring that the                     material information/event that needs to be conveyed to the
        Board of Commissioners has access to accurate, relevant, and                    Board of Commissioners.
        timely information. The Board of Commissioners itself ensures
        that it obtains adequate information. The Board of Directors
        provides information to the Board of Commissioners regularly,
        without delay, and comprehensively on all matters relevant to
        the corporation. The Board of Commissioners may at any time
        request additional information to the Board of Directors.




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                              Prinsip/Rekomendasi                               Keterangan                  Implementasi di Perseroan
                           Principle/Recommendation                             Description               Implementation in the Company
                Tanggung jawab Direksi dan Dewan Komisaris atas Dampak Struktur
      3.3
                Responsibilities of the Board of Directors and Board of Commissioners on Impacts of the Structure
      3.3.1     Dampak struktur kepemilikan terhadap korporasi. Direksi dan      Terpenuhi    Direksi dan Dewan Komisaris Perseroan memastikan bahwa
                Dewan Komisaris mempertimbangkan tanggung jawabnya               Complied     struktur Pemegang Saham dan hubungan antar-Pemegang
                dalam konteks struktur kepemilikan saham dan hubungan                         Saham tidak memengaruhi pelaksanaan peran dan tanggung
                antar-Pemegang Saham korporasi yang mungkin berdampak                         jawab Direksi dan Dewan Komisaris perusahaan. Seluruh
                terhadap pengelolaan dan operasi korporasi.                                   keputusan dan kebijakan yang diambil Direksi dan Dewan
                The impact of ownership structure on the corporation. The                     Komisaris diambil secara independen dan transparan demi
                Board of Directors and Board of Commissioners consider their                  kepentingan Perseroan.
                responsibilities in the context of shareholding structure and                 The Company’s Board of Directors and Board of Commissioners
                relationships between corporate Shareholders, which may                       ensure that the Shareholder structure and relations between
                have an impact on corporate management and operations.                        Shareholders do not affect the implementation of roles and
                                                                                              responsibilities of the Company’s Board of Directors and Board
                                                                                              of Commissioners. All decisions and policies made by the
                                                                                              Company’s Board of Directors and Board of Commissioners are
                                                                                              taken independently and transparently for the benefit of the
                                                                                              Company.
                PERILAKU ETIS DAN BERTANGGUNG JAWAB
      4
                ETHICAL AND RESPONSIBLE CONDUCT
                Pedoman Etika dan Perilaku
      4.1
                Code of Conduct
      4.1.1     Pernyataan ini dituangkan dalam Pedoman Perilaku dan Etika       Terpenuhi    Perseroan memiliki Kode Etik yang wajib ditaati oleh Direksi,
                Usaha yang harus secara jelas mengungkapkan harapan              Complied     Dewan Komisaris dan seluruh karyawan. Pelaksanaan dan
                korporasi bahwa setiap anggota Direksi dan Dewan Komisaris                    penerapan Kode Etik menjadi tanggung jawab seluruh
                serta karyawan akan:                                                          manajemen dan karyawan di seluruh jenjang organisasi.
                a. Bertindak untuk kepentingan terbaik korporasi;
                b. Bertindak dengan jujur dan dengan integritas berstandar
                   tinggi;
                c. Bersikap independen dan bertindak berdasarkan informasi
                   yang lengkap, dengan itikad baik, dengan uji tuntas dan
                   kehati-hatian;
                d. Mematuhi peraturan perundang-undangan yang berlaku
                   bagi korporasi dan operasinya;
                e. Menghindari tindakan yang melanggar peraturan
                   perundang-undangan atau tindakan yang tidak etis
                   berdasarkan pedoman etika korporasi;
                f. Tidak terlibat atau berpartisipasi dalam kegiatan apa pun
                   yang akan menimbulkan benturan kepentingan dengan
                   kepentingan terbaik korporasi atau yang akan berdampak
                   negatif terhadap reputasi korporasi;
                g. Tidak mengambil manfaat atas properti atau informasi
                   yang dimiliki korporasi, kepemilikan aset lainnya atau
                   pelanggannya untuk kepentingan pribadi atau yang
                   menyebabkan kerugian bagi korporasi dan pelanggannya.
                h. Tidak memanfaatkan jabatannya atau peluang yang
                   dihasilkan oleh jabatannya untuk kepentingan pribadi;
                i. 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;
                j. Menghormati perbedaan pendapat dan hak-hak setiap
                   anggota Direksi, Dewan Komisaris, dan karyawan; serta
                k. 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.




172         PT Archi Indonesia Tbk
            Laporan Tahunan 2023
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                                                                                                                              Tata Kelola Perusahaan
                                                                                                                          Good Corporate Governance




                      Prinsip/Rekomendasi                                    Keterangan                  Implementasi di Perseroan
                   Principle/Recommendation                                  Description               Implementation in the Company
        This statement is set out in the Code of Conduct and Business                      The Company has a Code of Conducts that must be adhered
        Ethics, which must clearly state the corporate expectation                         to by the Board of Directors, the Board of Commissioners, and
        that each member of the Board of Directors and Board of                            all employees. The implementation and enforcement of the
        Commissioners and employees will:                                                  Code of Conducts is the responsibility of all management and
        a. Act in the best interests of the corporation;                                   employees at all levels of the organization.
        b. Act honestly and with a high standard of integrity;
        c. Be independent and act based on complete information, in
           good faith, with due diligence and prudence;
        d. Comply with laws and regulations that apply to the
           corporation and its operations;
        e. Avoid actions that violate laws and regulations or unethical
           actions based on corporate ethics guidelines;
        f. Not be involved or participate in any activity that will create
           a conflict of interest with the corporation’s best interests or
           have a negative impact on the corporation’s reputation;
        g. Not take advantage of property or information owned by the
           corporation, ownership of other assets or its customers, for
           personal gain or which causes harm to the corporation and
           its customers;
        h. Not take advantage of the position or opportunities
           generated by the position for personal gain;
        i. Avoid the act of requesting or receiving from third parties
           payments, gratuities, or other benefits for oneself or
           for other people that will lead to conflicts of interest /
           provide benefits to third parties by violating the laws and
           regulations;
        j. Respect differences of opinion and the rights of each
           member of the Board of Directors, Board of Commissioners,
           and employees; and
        k. Ensure complete, fair, accurate, timely, and understandable
           disclosure in reports and documents submitted by
           the corporation to regulators and in other public
           communications.
4.1.2   Direksi menetapkan kebijakan dan praktik anti pencucian               Terpenuhi    Informasi lebih lengkap disampaikan dalam Laporan Tahunan
        uang dan pendanaan terorisme, anti suap, antikorupsi, anti            Complied     ini.
        kecurangan, keterlibatan dalam politik dengan mengacu pada                         More detailed information is presented in this Annual Report.
        standar nasional atau internasional mengenai anti pencucian
        uang, anti suap, antikorupsi, anti kecurangan, atau standar
        terkait lainnya.
        The Board of Directors establishes policies and practices
        for anti-money laundering and terrorism financing, anti-
        bribery, anti-corruption, anti fraud, political involvement with
        reference to the national or international standards regarding
        anti-money laundering, anti-bribery, anti-corruption, anti-
        fraud, or other related standards.
        Nilai–Nilai dan Budaya Organisasi
4.2
        Corporate Values and Culture
4.2.1   Korporasi  mengartikulasikan,       menumbuhkan,              dan     Terpenuhi    Perseroan menerapkan nilai-nilai perusahaan setiap
        mengungkapkan budaya serta nilai-nilai korporasi.                     Complied     insan Archi dapat menjalankan operasional dengan baik
        The corporation articulates, fosters, and discloses corporate                      dan mencegah terjadinya berbagai tindakan kecurangan,
        culture and values.                                                                pencucian uang dan pendanaan terorisme, anti korupsi,
                                                                                           penawaran atau penerimaan suap serta pembayaran atau
                                                                                           bujukan-bujukan lainnya untuk melakukan perbuatan yang
                                                                                           melanggar peraturan perundang-undangan atau tidak etis.
                                                                                           The Company applies corporate values to ensure that every
                                                                                           individual at Archi can conduct operations effectively and
                                                                                           prevent various fraudulent activities, money laundering, and
                                                                                           terrorism financing, as well as anti-corruption, offering or
                                                                                           accepting bribes, and other inducements to engage in actions
                                                                                           that violate laws or are unethical.




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                              Prinsip/Rekomendasi                                 Keterangan                   Implementasi di Perseroan
                           Principle/Recommendation                               Description                Implementation in the Company
      4.3       Penegakan dan Komunikasi Pedoman Etika, Nilai-Nilai, dan Budaya
                Enforcement and Communication of the Code of Conduct, Values, and Culture
      4.3.1     Pedoman perilaku dan kode etik korporasi dikomunikasikan           Terpenuhi    Internalisasi Kode Etik dilakukan secara berkala melalui
                secara efektif kepada Direksi, Dewan Komisaris, serta seluruh      Complied     berbagai media yang tersedia guna menumbuhkan kesadaran
                karyawan, diintegrasikan ke dalam strategi dan operasi                          dan pemahaman untuk menerapkan perilaku yang sesuai
                korporasi termasuk sistem manajemen risiko dan struktur                         dengan nilai utama Perseroan.
                remunerasi, serta ditegakkan.
                                                                                                Internalization of the Code of Conduct is regularly carried
                The corporate code of conduct and code of ethics are                            out through various available media to raise awareness and
                communicated effectively to the Board of Directors, Board of                    understanding to implement behavior that is in line with the
                Commissioners, and all employees, integrated into corporate                     Company’s core values.
                strategy and operations, including risk management system
                and remuneration structure, and being enforced.
                MANAJEMEN RISIKO, PENGENDALIAN INTERNAL, DAN KEPATUHAN
      5
                RISK MANAGEMENT, INTERNAL CONTROL, AND COMPLIANCE
                Pengendalian Internal dan Kepatuhan
      5.1
                Internal Control and Compliance
                Direksi melakukan reviu secara berkala atas ketepatan desain       Terpenuhi    Direksi telah melaksanakan Sistem Pengendalian Intern
                dan efektivitas operasional sistem governansi, pengelolaan         Complied     sesuai dengan prinsip-prinsip pengendalian dan evaluasi yang
                risiko, pengendalian internal dan kepatuhan korporasi                           dilakukan Perseroan secara keseluruhan memperlihatkan
                dan melaporkan pelaksanaan dan hasil reviu kepada para                          kualitas yang baik. Direksi dan Dewan Komisaris menyatakan
                Pemegang Saham melalui Laporan Tahunan Korporasi.                               bahwa Perseroan telah memiliki sistem pengendalian intern
                The Board of Directors periodically reviews the accuracy of                     yang efektif dan memadai dalam mengelola risiko-risiko yang
                designs and operational effectiveness of the governance                         dihadapi tetap berada dalam batas toleransi (risk appetite) dalam
                system, risk management, internal control, and corporate                        mendukung pencapaian tujuan Perseroan yang mana telah
                compliance and reports the implementation and review results                    disampaikan di dalam pembahasan Komite Pemantau Risiko dan
                to Shareholders through the Corporate Annual Report.                            Sistem Pengendalian Intern pada Laporan Tahunan ini.
                                                                                                The Board of Directors has implemented an Internal Control
                                                                                                System in accordance with the overall principles of control and
                                                                                                evaluation performed by the Company, which indicates that
                                                                                                the quality of the Company’s internal control system is running
                                                                                                properly. The Board of Directors and Board of Commissioners
                                                                                                state that the Company has an effective and adequate internal
                                                                                                control system in managing the risks faced by the Company
                                                                                                while remaining within the tolerance limit (risk appetite) in
                                                                                                supporting the achievement of the Company’s objectives,
                                                                                                which has been conveyed in the discussion of Risk Monitoring
                                                                                                Committee and Internal Control System in this Annual Report.
                Manajemen Risiko
      5.2
                Risk Management
      5.2.1     Strategi dan risiko merupakan satu kesatuan, diungkapkan           Terpenuhi    Dewan Komisaris dan Direksi senantiasa melakukan
                secara transparan, masuk ke dalam pelaksanaan tugas dan            Complied     pengelolaan dan pemantauan risiko-risiko utama dengan
                tanggung jawab Direksi dan Dewan Komisaris, serta dalam                         baik. Menyeimbangkan antara risiko, budaya kepatuhan dan
                diskusi di rapat Dewan Komisaris dan Direksi.                                   kecukupan modal juga menjadi kebijakan pilar strategis
                Strategy and risk is a unity, disclosed transparently, included                 Perseroan. Dewan Komisaris dan Direksi secara berkala
                in the implementation of duties and responsibilities of the                     memantau dan mengkaji efektivitas pengendalian dan
                Board of Directors and Board of Commissioners, as well as in                    pengelolaan risiko di setiap rapat, yang dibantu juga oleh Unit
                discussions at meetings of the Board of Commissioners and                       Audit Internal.
                Board of Directors.                                                             The Board of Commissioners and Board of Directors always
                                                                                                manage and monitor the Company’s main risks properly.
                                                                                                Balancing risk, compliance culture, and capital adequacy
                                                                                                is also the Company’s strategic pillar policy. The Board of
                                                                                                Commissioners and Board of Directors regularly monitor and
                                                                                                review the effectiveness of risk control and management at
                                                                                                each meeting and are also assisted by the Internal Audit Unit.
      5.2.2     Komite Pemantau Manajemen Risiko membantu pelaksanaan              Terpenuhi    Perseroan belum memiliki Komite Pemantau Risiko. Meski
                tugas Dewan Komisaris dengan menciptakan mekanisme                 Complied     demikian, organ-organ Perseroan secara solid saling
                yang transparan, fokus, dan independen dalam pengawasan                         membantu memastikan bahwa penerapan manajemen risiko
                manajemen risiko korporasi.                                                     Perseroan tetap memenuhi unsur-unsur kecukupan prosedur
                The Risk Management Monitoring Committee assists the                            dan metodologi pengelolaan risiko, sehingga kegiatan usaha
                implementation of the Board of Commissioners’ duties by                         Perseroan tetap dapat terkendali pada batas/limit yang dapat
                creating a transparent, focused, and independent mechanism                      diterima dan menguntungkan.
                for overseeing corporate risk management.                                       The Company does not have a Risk Monitoring Committee.
                                                                                                However, the Company’s organs work together in solidarity
                                                                                                to ensure that the implementation of risk management at
                                                                                                the Company continues to meet the elements of sufficient
                                                                                                risk management procedures and methodologies, so that
                                                                                                the Company’s business activities remain controlled within
                                                                                                acceptable limits and are profitable.




174         PT Archi Indonesia Tbk
            Laporan Tahunan 2023
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                                                                                                                              Tata Kelola Perusahaan
                                                                                                                          Good Corporate Governance




                      Prinsip/Rekomendasi                                    Keterangan                  Implementasi di Perseroan
                   Principle/Recommendation                                  Description               Implementation in the Company
        Integrasi Governansi, Manajemen Risiko, dan Kepatuhan
5.3
        Integration of Governance, Risk Management, and Compliance
5.3.1   Direksi membangun sistem governansi, manajemen risiko,                Terpenuhi    Direksi memastikan adanya koordinasi dan peningkatan
        dan kepatuhan (“GRC”) yang terintegrasi, dengan menangani             Complied     kapabilitas di antara sistem utama yang meliputi sistem
        berbagai ketidakpastian secara terpadu dan dengan integritas                       governansi, manajemen strategi, manajemen kinerja,
        yang tinggi, untuk meyakinkan bahwa korporasi dapat                                manajemen risiko, manajemen kepatuhan, dan sistem audit
        mencapai tujuannya.                                                                internal agar korporasi tetap berada pada jalur yang benar
        The Board of Directors establishes an integrated governance,                       dalam mencapai tujuannya.
        risk management, and compliance (GRC) system, by handling                          The Board of Directors ensures coordination and capability
        various uncertainties in an integrated manner and with high                        building among the main systems, which include governance
        integrity, to ensure that the corporation can achieve its                          system, strategic management, performance management,
        objectives.                                                                        risk management, compliance management, and internal audit
                                                                                           system to ensure that the Company stays on the right track in
                                                                                           achieving its objectives.
5.3.2   Direksi memastikan bahwa bagian yang membawahi fungsi                 Terpenuhi    Direktur Perseroan tidak merangkap melakanakan fungsi yang
        kepatuhan tidak merangkap melaksanakan fungsi yang                    Complied     berpotensi menimbulkan benturan kepentingan sebagaimana
        berpotensi menimbulkan benturan kepentingan.                                       digambarkan dalam struktur organisasi Perseroan dalam
        The Board of Directors ensures that the division in charge                         Laporan Tahunan ini.
        of the compliance function does not concurrently perform                           The Directors of the Company do not hold concurrent roles that
        functions that have the potential to cause a conflict of interest.                 may potentially create conflicts of interest, as depicted in the
                                                                                           Company’s organizational structure in this Annual Report.
        Audit Internal
5.4
        Internal Audit
5.4.1   Dewan Komisaris melalui Komite Audit memantau dan                     Terpenuhi    Dewan Komisaris memiliki Komite Audit yang memastikan
        memastikan bahwa fungsi audit internal membantu korporasi             Complied     pelaksanaan tugas audit internal telah dilakukan secara
        untuk mencapai tujuannya dengan membawa pendekatan yang                            objektif dan independen.
        objektif dan disiplin untuk mengevaluasi dan meningkatkan                          The Board of Commissioners has established the Audit
        efektivitas manajemen risiko, pengendalian internal, dan                           Committee, which ensures that the internal audit duties are
        governansi korporat.                                                               performed objectively and independently.
        The Board of Commissioners, through the Audit Committee,
        oversees and ensures that the internal audit function
        assists the corporation to achieve its objectives through an
        objective and disciplined approach to evaluate and improve
        the effectiveness of risk management, internal control, and
        corporate governance.
        PENGUNGKAPAN DAN TRANSPARANSI
6
        DISCLOSURE AND TRANSPARENCY
        Kebijakan Pengungkapan
6.1
        Disclosure Policy
6.1.1   Korporasi memiliki kebijakan dan prosedur pengungkapan                Terpenuhi    Perseroan memiliki Kebijakan Tata Kelola dan Kebijakan
        dan transparansi yang memastikan pengungkapan informasi               Complied     Komunikasi dengan Pemegang Saham dan Investor yang
        material dan menjaga informasi sensitif serta rahasia                              mengatur pengungkapan informasi material dan menjaga
        korporasi.                                                                         informasi sensitif serta rahasia, dan kewajiban pengungkapan/
        The corporation has disclosure and transparency policies and                       keterbukaan informasi berdasarkan peraturan berlaku.
        procedures that ensure disclosure of material information and                      The Company has established a Corporate Governance Policy
        safeguard sensitive information as well as corporate secrets.                      and Communication Policy with Shareholders and Investors,
                                                                                           which regulates the disclosure of material information and
                                                                                           safeguarding sensitive and confidential information, as well
                                                                                           as obligation to disclose/disclosure of information based on
                                                                                           applicable regulations.
6.1.2   Hak Pemegang Saham untuk memperoleh secara teratur dan                Terpenuhi    Perseroan memastikan seluruh Pemegang Saham memiliki hak
        tepat waktu informasi material yang relevan tentang korporasi         Complied     yang sama dalam menerima informasi material secara benar,
        harus dipenuhi.                                                                    tepat waktu, berkala dan sesuai peraturan yang berlaku.
        Shareholders’ rights to obtain regularly and timely relevant                       The Company ensures that all Shareholders have the same
        material information regarding the corporation must be                             rights in receiving material information correctly, timely,
        fulfilled.                                                                         periodically, and in accordance with the applicable regulations.




                                                                                                                              PT Archi Indonesia Tbk
                                                                                                                                     2023 Annual Report
                                                                                                                                                              175
Page 178
                              Prinsip/Rekomendasi                                   Keterangan                  Implementasi di Perseroan
                           Principle/Recommendation                                 Description               Implementation in the Company
      6.2       Laporan Keuangan dan Keberlanjutan
                Financial Statements and Sustainability Report
      6.2.1     Korporasi mengungkapkan sistem dan prosedur untuk                    Terpenuhi    Perseroan memiliki sistem dan prosedur yang mengatur
                memastikan bahwa laporan keuangan interim yang tidak                 Complied     pengendalian internal atas pelaporan keuangan, termasuk
                diaudit atau direviu oleh auditor eksternal secara material                       laporan keuangan interim, peran fungsi manajemen risiko/
                adalah akurat, lengkap, dan memberikan investor informasi                         kepatuhan/pengawasan manajemen dan fungsi audit internal
                yang tepat untuk membuat keputusan investasi yang tepat.                          dalam memastikan integritas laporan keuangan interim, dan
                The Corporation discloses systems and procedures to ensure                        peran Komite Audit dalam mereviu Laporan Keuangan yang
                that Interim Financial Statements that are not materially                         akan dipublikasikan oleh perusahaan.
                audited or reviewed by external auditors are accurate,                            The Company has systems and procedures to regulate internal
                complete, and provide investors with the appropriate                              control over financial reporting, including Interim Financial
                information to make the right investment decisions.                               Statements, the role of risk management/ compliance/
                                                                                                  supervision management function, and internal audit functions
                                                                                                  to ensure the integrity of Interim Financial Statements, and the
                                                                                                  role of the Audit Committee in reviewing Financial Statements
                                                                                                  to be published by the Company.
      6.2.2     Komite Audit memastikan kualitas audit laporan keuangan yang         Terpenuhi    Komite Audit memastikan kualitas audit Laporan Keuangan
                dilaksanakan oleh auditor eksternal. Kegiatan ini termasuk           Complied     yang dilaksanakan oleh auditor eksternal. Kegiatan ini termasuk
                merekomendasikan penunjukan, penunjukan kembali dan, jika                         merekomendasikan penunjukan, penunjukan kembali dan, jika
                perlu, pemberhentian, serta remunerasi auditor eksternal.                         perlu, pemberhentian dan remunerasi auditor eksternal.
                The Audit Committee ensures the quality of audits on Financial                    The Audit Committee ensures the quality of audits on Financial
                Statements conducted by the external auditors. This activity                      Statements conducted by external auditors. This activity
                includes recommending the appointment, reappointment,                             includes recommending the appointment, reappointment,
                and, if necessary, dismissal and remuneration of the external                     and, if necessary, dismissal and remuneration of the external
                auditors.                                                                         auditors.
      6.2.3     Laporan keberlanjutan harus disiapkan dan diungkapkan                Terpenuhi    Laporan Keberlanjutan Perseroan mengadopsi standar-
                dengan akurat dan disusun sesuai kerangka pelaporan                  Complied     standar yang berlaku seperti POJK dan GRI, dan lain-lain.
                keberlanjutan nasional atau internasional.                                        The Company’s Sustainability Report adopts applicable
                The Sustainability Report shall be accurately prepared and                        standards such as the Financial Services Authority Regulations
                disclosed and compiled in accordance with national or                             and Global Reporting Initiative, and others.
                international sustainability reporting frameworks.
      6.2.4     Korporasi menerbitkan laporan tahunan secara terintegrasi            Terpenuhi    Laporan Tahunan Perseroan telah mencantumkan kinerja
                yang menempatkan kinerja historis ke dalam konteks dan               Complied     historis dalam konteks dan menggambarkan risiko, peluang,
                menggambarkan risiko, peluang, dan prospek korporasi di                           dan prospek korporasi di masa depan.
                masa depan, sehingga membantu Pemegang Saham dan                                  The Company’s Annual Report has put historical performance
                pemangku kepentingan memahami tujuan strategis korporasi                          in context and described the risks, opportunities, and future
                dan kemajuannya dalam menciptakan nilai yang berkelanjutan.                       prospects of the corporation.
                The corporation issues an integrated Annual Report that
                puts historical performance into context and describes the
                corporation’s risks, opportunities, and future prospects,
                thereby helping Shareholders and stakeholders understand the
                corporation’s strategic objectives and its progress in creating
                sustainable value.
                Diseminasi Informasi
      6.3
                Dissemination of Information
      6.3.1     Saluran penyebaran informasi harus menyediakan akses yang            Terpenuhi    Perseroan secara berkala memperbarui dan memberikan
                setara, tepat waktu, dan relatif murah untuk informasi yang          Complied     kemudahan akses informasi seputar aktivitas dan kinerjanya
                relevan bagi pengguna.                                                            kepada para pemangku kepentingan agar mengetahui
                Channels for disseminating Information should provide users                       kondisi perusahaan secara jelas dan terbuka. Berbagai kanal
                with equal, timely, and relatively inexpensive access to relevant                 komunikasi yang tersedia termasuk media sosial, situs web,
                information.                                                                      email blast dan paparan publik bagi publik, siaran pers, serta
                                                                                                  kanal komunikasi khusus internal untuk karyawan Archi,
      6.3.2     Korporasi memastikan bahwa pernyataan tahunan terhadap               Terpenuhi    diantaranya:
                penerapan Pedoman Umum Governansi Korporat Indonesia,                Complied     • Pertemuan analis, interaksi dan diskusi dengan investor
                termasuk penjelasan atas penerapan atas masing-masing                                dan analis dalam bentuk teleconference maupun in-house
                Rekomendasi dan Panduan tersedia di situs web selama jangka                          meeting, Annual Review dengan lembaga pemeringkat
                waktu minimal 5 tahun.                                                               nasional dan internasional, dan Paparan Publik Tahunan.
                The corporation ensures that an annual statement regarding                        • Situs web dan media sosial yang dimiliki Perseroan dan
                the implementation of General Guidelines for Indonesian                              siaran pers.
                Corporate Governance, including an explanation of the
                implementation of each Recommendation and Guideline is
                available on the website for a minimum period of 5 years.




176         PT Archi Indonesia Tbk
            Laporan Tahunan 2023
Page 179
                                                                                                                               Tata Kelola Perusahaan
                                                                                                                           Good Corporate Governance




                      Prinsip/Rekomendasi                                      Keterangan                  Implementasi di Perseroan
                   Principle/Recommendation                                    Description               Implementation in the Company
6.3.3   Untuk korporasi yang terdaftar di pasar modal di yurisdiksi             Terpenuhi    The Company regularly updates and provides easy access
        selain yurisdiksi asal, peraturan perundang-undangan atas               Complied     to information regarding the Company’s activities and
        governansi korporat yang berlaku harus di diungkapkan dengan                         performance to stakeholders, allowing them to be informed
        jelas. Dalam hal cross listing, kriteria dan prosedur cross listing,                 about the condition in a clear and transparent manner. Various
        kriteria dan prosedur untuk mengakui persyaratan listing untuk                       available communication channels include social media,
        listing utama harus transparan dan didokumentasikan.                                 websites, e-mail blasts, and public expose for customers
        For corporations listed on the capital market in jurisdictions                       and the public, press releases, as well as special internal
        other than the jurisdiction of origin, applicable laws and                           communication channels for the Archi’s employees, such as:
        regulations on corporate governance must be clearly disclosed.                       • Analyst meetings, interactions, and discussions with
        In the case of cross listing, the criteria and procedures for                          investors and analysts in the form of teleconferences and
        cross listing, criteria and procedures for recognizing the listing                     in-house meetings, Annual Reviews with national and
        requirements for the primary listing must be transparent and                           international rating agencies, and Annual Public Expose.
        documented.                                                                          • The Company’s website and social media channels, as well
                                                                                               as press releases.
        PERLINDUNGAN TERHADAP HAK-HAK PEMEGANG SAHAM
7
        PROTECTION OF SHAREHOLDERS RIGHTS
        Hak Pemegang Saham
7.1
        Shareholders Rights
7.1.1   Korporasi memiliki suatu kebijakan komunikasi yang                      Terpenuhi    Perseroan memiliki Kebijakan Komunikasi dengan Pemegang
        memfasilitasi dan mendorong partisipasi Pemegang Saham                  Complied     Saham dan Investor yang dapat menjadi acuan bagi anak
        atau investor.                                                                       perusahaan dan dapat diakses publik melalui situs web
        The corporation has a communication policy that facilitates                          Perseroan. Hak, wewenang, dan tanggung jawab Pemegang
        and encourages shareholder or investor participation.                                Saham juga diatur secara rinci dalam Anggaran Dasar
                                                                                             Perseroan yang dapat diakses juga di situs web perusahaan.
7.1.2   Korporasi yang merupakan entitas induk memastikan bahwa                 Terpenuhi
                                                                                             The Company has a Shareholder and Investor Communication
        kebijakan governansi korporatnya berlaku bagi entitas anak              Complied
                                                                                             Policy, which serves as a reference for subsidiaries and is
        dan entitas sepengendali yang di dalamnya investasi korporasi
                                                                                             accessible to the public through the Company’s website.
        adalah signifikan.
                                                                                             The rights, authorities, and responsibilities of Shareholders
        Corporations that are Parent Entities ensure that their                              are also detailed in the Company’s Articles of Association,
        corporate governance policies apply to Subsidiaries and                              which can also be accessed on the Company’s website.
        Entities under Common Control in which their investment is
        significant.
7.1.3   Korporasi memiliki aturan dan prosedur yang mengatur                    Terpenuhi
        akuisisi, pengambil alihan, dan transaksi luar biasa, seperti           Complied
        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.
        Corporations have rules and procedures that govern
        acquisitions, takeovers, and extraordinary transactions, such
        as mergers and sales of substantial corporate assets to ensure
        that the transactions occur in a transparent manner and under
        reasonable conditions as well as protecting the rights of all
        Shareholders according to class.
        Perlakuan Adil Terhadap Pemegang Saham
7.2
        Fair Treatment to Shareholders
7.2.1   Korporasi memiliki aturan dan prosedur yang memastikan:                 Terpenuhi    Sesuai dengan Anggaran Dasar Perseroan, Perseroan telah
        a. Semua Pemegang Saham dari seri yang sama dalam satu                  Complied     memiliki aturan dan prosedur terkait kepemilikan saham.
           kelas saham harus diperlakukan setara,                                            In accordance with the Company’s Articles of Association, the
        b. Pengungkapan aturan dan prosedur tersebut serta                                   Company has rules and procedures related to share ownership.
           pengungkapan struktur modal dan pengaturan yang
           memungkinkan Pemegang Saham tertentu memeroleh
           pengaruh atau kendali yang tidak proporsional dengan
           kepemilikan sahamnya.
        Corporations have rules and procedures ensuring that:
        a. All Shareholders of the same series in one class of shares
           shall be treated equally,
        b. There shall be disclosure of such rules and procedures, as
           well as disclosure of capital structure and arrangements
           that allow certain Shareholders to gain influence or control
           that is disproportionate to their share ownership.




                                                                                                                               PT Archi Indonesia Tbk
                                                                                                                                      2023 Annual Report
                                                                                                                                                              177
Page 180
                              Prinsip/Rekomendasi                                  Keterangan                   Implementasi di Perseroan
                           Principle/Recommendation                                Description                Implementation in the Company
      7.2.2     Korporasi memiliki aturan dan prosedur yang memastikan              Terpenuhi    Perseroan senantiasa memastikan transaksi pihak berelasi
                transaksi pihak berelasi disetujui dan dilaksanakan sedemikian      Complied     yang dilaksanakan tidak memiliki benturan kepentingan serta
                rupa yang dapat meyakinkan bahwa benturan kepentingan                            kepentingan Perseroan dan pemegang saham telah terlindungi.
                telah dikelola dengan tepat, dan melindungi kepentingan                          The Company always ensures that the related-party
                korporasi dan Pemegang Saham.                                                    transactions made do not have conflicts of interest and that
                The corporation has rules and procedures that ensure related                     the interests of the Company and Shareholders are protected.
                party transactions are approved and implemented in such
                a way as to ensure that conflicts of interest are properly
                managed and protect the interests of the corporation and
                Shareholders.
      7.2.3     Korporasi memiliki dan mengungkapkan kebijakan untuk                Terpenuhi    Pengungkapan untuk mencegah terjadinya insider trading,
                mencegah terjadinya insider trading. Korporasi memiliki             Complied     salah satunya tertuang dalam Kode Etik.
                aturan yang jelas mengenai perdagangan apa pun dalam                             Disclosure to prevent insider trading, one of which is set out in
                saham korporasi yang dilakukan oleh Direktur, Komisaris dan                      the Code of Conduct.
                orang dalam untuk memastikan bahwa siapa pun tidak boleh
                mendapatkan keuntungan secara langsung atau tidak langsung
                dari informasi yang tidak/belum tersedia di pasar.
                The corporation has and discloses policies to prevent insider
                trading. The corporation has clear rules regarding any trading
                in corporate shares conducted by Directors, Commissioners,
                and insiders to ensure that no one may benefit directly or
                indirectly from information that is not/not yet available in the
                market.
                Rapat Umum Pemegang Saham
      7.3
                General Meeting of Shareholders
      7.3.1     Korporasi melakukan panggilan RUPS dengan agenda dan                Terpenuhi    Perseroan melakukan Panggilan RUPS paling lambat 21 hari
                materi RUPS selengkap dan sedini mungkin (paling lambat             Complied     sebelum RUPS, dengan tidak memperhitungkan tanggal
                28 hari sebelum RUPS) untuk memberikan waktu dan materi                          pemanggilan dan pelaksanaan RUPS serta lengkap dengan
                yang cukup bagi Pemegang Saham untuk mempelajari dengan                          agenda dan materi RUPS di situs web perusahaan.
                baik agenda rapat. Undangan rapat dan seluruh informasi                          The Company announces the Notice for the GMS no later than
                RUPS diungkapkan melalui sarana elektronik seperti melalui                       21 days prior to the date of the GMS, regardless of the date of
                situs web korporasi.                                                             the notice. Complete information regarding the GMS agenda
                The corporation makes a notice for GMS with the agenda                           and materials is also available on the Company’s website.
                and materials for GMS as completely and as early as possible
                (no later than 28 days prior to the GMS) to provide sufficient
                time and materials for Shareholders to properly study the
                meeting agenda. Meeting invitations and all GMS information
                are disclosed through electronic means, such as through the
                corporate website.
      7.3.2     Korporasi memiliki dan mengungkapkan aturan dan prosedur            Terpenuhi    Mekanisme pengambilan keputusan/pemungutan suara RUPS
                yang memfasilitasi Pemegang Saham dalam berpartisipasi dan          Complied     disampaikan dalam Tata Tertib RUPS yang disampaikan di situs
                memberikan suara secara efektif di RUPS.                                         web Perseroan dan dibacakan kembali oleh pimpinan RUPS
                The Corporation has and discloses rules and procedures that                      pada saat dimulainya RUPS. Pemungutan suara dilakukan
                facilitate Shareholders to participate and vote effectively at                   untuk masing-masing agenda RUPS Tahunan (satu keputusan)
                the GMS.                                                                         dan menunjuk pihak independen juga Notaris untuk melakukan
                                                                                                 perhitungan suara.
                                                                                                 The GMS resolution adoption/voting mechanism is stated in
                                                                                                 the GMS Conduct, which is posted on the Company’s website
                                                                                                 and read out by the GMS chair at the beginning of the GMS.
                                                                                                 Voting is conducted for each agenda item during the Annual
                                                                                                 GMS (one resolution) and an independent party, as well as a
                                                                                                 Notary, is appointed to count the votes.
      7.3.3     Pemegang Saham berpartisipasi efektif dalam menetapkan              Terpenuhi    Riwayat hidup kandidat anggota Direksi dan Dewan Komisaris
                penunjukan anggota Direksi dan Dewan Komisaris.                     Complied     serta auditor eksternal telah disampaikan bersamaan dengan
                Shareholders participate effectively to determine the                            Panggilan RUPS Tahunan kepada publik melalui situs web
                appointment of members of the Board of Directors and Board                       Perseroan, dan pemungutan suara juga dilakukan secara
                of Commissioners.                                                                terpisah untuk masing-masing kandidat.
                                                                                                 The curriculum vitae of candidates for the Board of Directors
                                                                                                 and the Board of Commissioners, as well as the external
                                                                                                 auditors, have been presented along with the Annual GMS
                                                                                                 (GMS) Noticeto the public through the Company’s website, and
                                                                                                 voting is also conducted separately for each candidate.




178         PT Archi Indonesia Tbk
            Laporan Tahunan 2023
Page 181
                                                                                                                          Tata Kelola Perusahaan
                                                                                                                      Good Corporate Governance




                     Prinsip/Rekomendasi                                  Keterangan                  Implementasi di Perseroan
                  Principle/Recommendation                                Description               Implementation in the Company
7.3.4   Korporasi memastikan transparansi dan akuntabilitas auditor        Terpenuhi    Hasil pemungutan suara dan ringkasan risalah RUPS Perseroan
        eksternal di RUPS.                                                 Complied     secara lengkap diumumkan ke publik di hari yang sama setelah
        The corporation ensures transparency and accountability of                      selesainya RUPS melalui situs web perusahaan.
        the external auditor at the GMS.                                                The voting results and a comprehensive summary of the
                                                                                        Company’s GMS minutes are announced to the public on the
                                                                                        same day following the conclusion of the GMS through the
                                                                                        Company’s website.
7.3.5   Penyampaian hasil pemungutan suara dan ringkasan risalah           Terpenuhi    Informasi lebih lengkap disampaikan dalam pembahasan RUPS
        RUPS secara lengkap diumumkan ke publik pada hari kerja            Complied     pada Laporan Tahunan ini.
        berikutnya.                                                                     Further details are provided in the GMS discussions in this
        Submission of voting results and a complete summary of the                      Annual Report.
        GMS minutes are announced to the public on the following
        working day.
        PENGHARGAAN TERHADAP PEMANGKU KEPENTINGAN
8
        AWARD FOR STAKEHOLDERS
        Keterlibatan Pemangku Kepentingan Kunci (stakeholder engagement)
8.1
        Key Stakeholder Engagement
8.1.1   Korporasi melalui Sekretaris Korporasi melaksanakan                Terpenuhi    Perseroan mengungkapkan proses dalam mengidentifikasi
        komunikasi yang reguler, transparan dan efektif dengan             Complied     dan memilih pemangku kepentingan kunci yang akan
        pemangku kepentingan kunci serta melibatkan mereka                              dilibatkan telah diuangkapkan dalam Laporan Keberlanjutan.
        untuk memahami harapan dan keluhan mereka serta dampak                          Perseroan juga memiliki Whistleblowing System sebagai sarana
        korporasi terhadap mereka.                                                      penyampaian saran, masukan dan keluhan/pengaduan yang
        The corporation, through the Corporate Secretary, carries                       aman dan independen.
        out regular, transparent, and effective communication with                      The Company discloses the process of identifying and selecting
        key stakeholders and engages them to understand their                           key stakeholders to be involved, which has been disclosed in
        expectations, grievances, and the impact of the corporation                     the Sustainability Report. The Company has also established a
        on them.                                                                        WBS as a safe and independent channel to convey suggestions,
                                                                                        input, and grievances/complaints.
        Integrasi Keberlanjutan dalam Model Bisnis
8.2
        Integration of Sustainability in Business Models
8.2.1   Dewan Komisaris bersama-sama dengan Direksi bertanggung            Terpenuhi    Direksi memastikan bahwa strategi, prioritas dan target
        jawab, akuntabel, dan transparan atas governansi                   Complied     keberlanjutan korporasi serta kinerja terhadap target ini
        keberlanjutan, termasuk menetapkan strategi, prioritas, dan                     dikomunikasikan kepada para pemangku kepentingan
        target keberlanjutan korporasi. Direksi dan Dewan Komisaris                     sebagaimana dilaporkan dalam Laporan Tahunan ini.
        memasukkan pertimbangan keberlanjutan ketika menjalankan                        The Board of Directors ensures that corporate sustainability
        perannya, termasuk antara lain dalam pengembangan dan                           strategies, priorities, and targets, as well as performance
        implementasi strategi korporasi, rencana bisnis, rencana aksi                   against such targets are communicated to stakeholders as
        utama dan manajemen risiko.                                                     reported in this Annual Report.
        The Board of Commissioners and the Board of Directors are
        responsible, accountable, and transparent for sustainability
        governance, including in establishing corporate sustainability
        strategies, priorities, and targets. The Board of Directors and
        Board of Board of Commissioners incorporate sustainability
        considerations when performing their roles, including by
        developing and implementing corporate strategies, business
        plans, main action plans, and risk management.
        Perlindungan terhadap Pemangku Kepentingan
8.3
        Protection for Stakeholders
8.3.1   Direksi memastikan dan mengungkapkan bahwa operasi                 Terpenuhi    Perseroan memiliki berbagai kebijakan sebagai pedoman
        korporasi mencerminkan penerapan standar etika, tanggung           Complied     dalam menjalankan operasi bisnis yang sesuai etika, tanggung
        jawab sosial dan lingkungan yang tinggi di seluruh korporasi                    jawab sosial dan lingkungan serta menghormati dan mematuhi
        dan memastikan bahwa kebijakan dan prosedur yang tepat                          hak-hak pemangku kepentingan. Hal ini disampaikan secara
        diterapkan untuk menghormati serta mematuhi hak-hak                             lengkap pada Laporan Tahunan dan Laporan Keberlanjutan
        pemangku kepentingan.                                                           Perseroan.
        The Board of Directors ensures and discloses that corporate                     The Company has various policies as guidelines in carrying
        operations reflect the application of high standards of                         out business operations that are ethical, socially, and
        ethics, social and environmental responsibility throughout                      environmentally responsible, and respecting and complying
        the corporation and ensures that appropriate policies                           with the stakeholders’ rights. This is presented completely in
        and procedures are in place to respect and comply with                          the Company’s Annual Report and Sustainability Report.
        stakeholders’ rights.
8.3.2   Direksi mendorong karyawan bekerja untuk kepentingan               Terpenuhi    Perseroan juga memiliki kebijakan pemberian insentif jangka
        jangka panjang korporasi dan mengedepankan keberlanjutan.          Complied     panjang, yakni remunerasi untuk karyawan yang sudah bekerja
        The Board of Directors encourages employees to work for                         lebih dari 5 tahun dan kelipatannya.
        the long-term interests of the corporation and prioritizes                      The Company also has a policy of providing long-term
        sustainability.                                                                 incentives, namely remuneration for employees who have
                                                                                        worked for more than 5 years and multiples thereof.




                                                                                                                          PT Archi Indonesia Tbk
                                                                                                                                 2023 Annual Report
                                                                                                                                                         179
Page 182
               TANGGUNG JAWAB
               SOSIAL DAN
               LINGKUNGAN HIDUP
               Social and Environmental Responsibility




180   PT Archi Indonesia Tbk
      Laporan Tahunan 2023
Page 183
PT Archi Indonesia Tbk
     2023 Annual Report
                          181
Page 184
      Ikhtisar Tanggung Jawab Sosial
      Social Responsibility Highlights




      Penambangan secara bertanggung jawab merupakan prioritas                 Responsible mining is Archi’s top priority. Archi consistently
      utama dari Archi. Archi senantiasa mengelola dampak dari                 manages the impacts of its business activities carefully, utilizing
      kegiatan usaha secara hati-hati dengan memanfaatkan peluang              economic opportunities to generate long-term sustainable
      ekonomi untuk menghasilkan manfaat jangka panjang yang                   benefits for the surrounding community. Archi also enhances its
      berkelanjutan bagi masyarakat sekitar. Archi juga meningkatkan           commitment to the local community and demonstrates respect
      kepedulian terhadap masyarakat sekitar serta menunjukkan rasa            for all individuals, laws, and regulations, as well as cultures
      hormat kepada semua orang, hukum dan peraturan, serta budaya             wherever Archi conducts its business activities.
      di manapun Archi melakukan kegiatan usaha.


      Archi telah dan akan terus membangun hubungan yang                       Archi has and will continue to build sustainable relationships
      berkesinambungan dengan masyarakat lokal serta lembaga                   with the local community, regional and national government
      pemerintah regional dan nasional, serta masyarakat secara                institutions, as well as the public, to create well-being for the
      umum, untuk menciptakan kesejahteraan untuk saat ini dan di              present and the future.
      masa yang akan datang.




                                                                        PILAR CSR




                         Kesehatan              Pendidikan                Ekonomi            Sosial dan               Infrastruktur
                           Health               Education                 Economy             Budaya                 Infrastructure
                                                                                            Socio-Culture




                                                                       KESEHATAN
                                                                         HEALTH


          Archi menjunjung tinggi aspek kesehatan sebagai salah satu program   Archi places a high value on the health aspect as one of its social
          kontribusi sosial kepada masyarakat, terutama untuk masyarakat       contribution programs to the community, especially for the
          sekitar. Implementasi kebijakan terkait kesehatan dan keamanan       surrounding community. Such high standards of health and safety
          dengan standar yang tinggi oleh Archi telah mendapatkan pengakuan    policies has brought Archi an “Utama” award from the Directorate
          dengan diraihnya penghargaan “Utama” dari Direktorat Jenderal        General of Minerals and Coal of the Ministry of Energy and Mineral
          Mineral dan Batubara dari Kementerian Energi dan Sumber Daya         Resources. In addition, Archi has obtained ISO 18001 / ISO 45001
          Mineral serta telah mendapatkan sertifikasi ISO 18001 / ISO 45001.   certification.




182       PT Archi Indonesia Tbk
          Laporan Tahunan 2023
Page 185
                                                                                                    Tanggung Jawab Sosial dan Lingkungan Hidup
                                                                                                         Social and Environmental Responsibility




                                               Berikut program terkait kesehatan pada tahun 2023:
                                          The health-related programs for the year 2023 were as follows:


1      Program 1.000 Hari Pertama dalam Kehidupan;                        3   Posyandu Lanjut Usia (Lansia).
       First 1,000 Days of Life Program;                                      Integrated Post Health Services for the Elderly (Posyandu Lansia).


2      Kegiatan Vaksin; dan
       Vaccination Activities; and




                                                                  PENDIDIKAN
                                                                  EDUCATION


    Archi telah melaksanakan beberapa program di bidang pendidikan            Archi enhances school quality by conducting several education
    yang bertujuan untuk meningkatkan kualitas sumber daya manusia di         programs aimed at improving the quality of human resources in
    sekitar lingkar tambang melalui peningkatan kualitas sekolah. Archi       the vicinity of the mining area. Archi strives to prepare the younger
    berupaya menyiapkan generasi muda di sekitar wilayah operasional          generation within the operational area to face the challenges of the
    untuk menghadapi perkembangan zaman dan meningkatkan kualitas             times and improve their quality of life.
    hidup.




                                              Berikut program terkait pendidikan pada tahun 2023:
                                        The education-related programs for the year 2023 were as follows:


1      Beasiswa;                                                          5   Pendidikan Anak Usia Dini;
       Scholarships;                                                          Early Childhood Education;


2      Pelatihan Guru;                                                    6   Program Pengembangan Sekolah Unggul berbasis Sains,
       Teacher Training;                                                      Teknologi, Teknik, dan Matematika (STEM); serta
                                                                              STEM (Science, Technology, Engineering, and Mathematics)-
3      Perpustakaan;                                                          based Excellent School Development Program; and
       Libraries;
                                                                          7   Pengembangan Mutu Pendidikan, Karakter, dan Kreativitas
                                                                              melalui kegiatan Kantin Kejujuran di Sekolah Dasar.
4      Laboratorium Komputer;
                                                                              Development of Education Quality, Character, and Creativity
       Computer Laboratories;
                                                                              through “the Honest Canteen” activities in Elementary Schools.




                                                                   EKONOMI
                                                                   ECONOMY


    Archi berperan aktif dalam meningkatkan aktivitas ekonomi dari            Archi plays an active role in boosting economic activities among the
    masyarakat sekitar tambang. Hasil audit awal menunjukkan bahwa            communities surrounding the mining area. Initial audits have shown
    banyak keluarga di sekitar tambang tidak memiliki penghasilan             that many families in the vicinity of the mining area lack stable
    tetap. Oleh karena itu, Archi bekerjasama dengan lembaga terkait,         incomes. Therefore, Archi collaborates with relevant institutions to
    menyediakan bantuan teknis/pelatihan. Selain pelatihan, Archi juga        provide technical assistance/training. In addition to training, Archi
    menyalurkan modal dalam bentuk pinjaman mikro tanpa bunga dalam           also provides capital in the form of interest-free micro loans to
    rangka mendorong masyarakat setempat untuk memulai usaha sendiri.         encourage local communities to start their own businesses.




                                                Berikut program terkait ekonomi pada tahun 2023:
                                         The economy-related programs for the year 2023 were as follows:


1      Pengembangan Ekonomi Mikro;                                        4   Agro Marine; dan
       Microeconomic Development;                                             Agro-Marine; and


2      Agribisnis Terpadu Kelapa, Jagung, dan Ternak;                     5   Peternakan Ayam, Sapi, dan Kambing.
       Integrated Agribusiness of Coconut, Corn, and Livestock;               Poultry, Cattle, and Goat Farming.

3      Pengembangan Pangan Olahan;
       Processed Food Development;




                                                                                                                           PT Archi Indonesia Tbk
                                                                                                                                  2023 Annual Report
                                                                                                                                                       183
Page 186
                                                                  SOSIAL DAN BUDAYA
                                                                    SOCIO-CULTURE


          Sebagai bentuk penghormatan terhadap nilai-nilai sosial dan budaya        As a form of respect for the social and cultural values of the
          masyarakat sekitar wilayah operasi tambang, Archi telah menjalin          communities around the mining operation area, Archi has established
          hubungan baik dengan masyarakat melalui berbagai upaya. Archi             good relations with the community through various efforts. Archi has
          telah melakukan pertemuan dengan warga desa dan kecamatan,                held meetings with village and district residents, attended condolence
          kunjungan belasungkawa di masyarakat pada saat duka, menghadiri           visits during times of mourning, participated in religious celebrations
          perayaan keagamaan salah satunya saat hari raya Idul Fitri, di mana       such as Eid al-Fitr, where Archi accepted several invitations for Halal
          Archi memenuhi beberapa undangan Halal Bihalal ke desa-desa               Bihalal gatherings in villages around the mining area. Additionally,
          sekitar area tambang. Selain itu, Archi juga menghadiri beberapa          Archi has attended several traditional ceremonies in the community.
          perayaan adat yang terjadi di masyarakat.




                                                  Berikut program terkait sosial dan budaya pada tahun 2023:
                                           The social and cultural-related programs for the year 2023 were as follows:


      1      Sarana dan/atau Prasarana Ibadah serta Hubungan di Bidang          2   Partisipasi dalam Pelestarian Budaya dan Kearifan Lokal
             Keagamaan; dan                                                         Setempat.
             Facilities and/or Infrastructure for Worship and Religious             Participation in Preserving Local Culture and Wisdom.
             Relations; and




                                                                     INFRASTRUKTUR
                                                                    INFRASTRUCTURE


          Pertumbuhan ekonomi dan kesejahteraan sebuah daerah tidak                 Economic growth and prosperity of a region cannot be achieved
          akan tercapai tanpa infrastruktur yang memadai. Oleh karena itu,          without adequate infrastructure. Therefore, Archi Indonesia actively
          Archi Indonesia secara aktif berpartisipasi dalam pembangunan             participates in local infrastructure development.
          infrastruktur setempat.




                                                     Berikut program terkait infrastruktur pada tahun 2023
                                             The infrastructure-related programs for the year 2023 were as follows:


      1      Program Air Bersih; serta                                          2   Pembangunan Prasarana Desa dan/atau Sekolah.
             Clean Water Program; and                                               Village and/or School Infrastructure Development.




184   PT Archi Indonesia Tbk
      Laporan Tahunan 2023
Page 187
                                                                                          Tanggung Jawab Sosial dan Lingkungan Hidup
                                                                                               Social and Environmental Responsibility




Ikhtisar Tanggung Jawab Lingkungan Hidup
Environmental Responsibility Highlights




Archi memiliki komitmen yang tinggi terhadap pengelolaan              Archi is highly committed to managing the environment.
lingkungan hidup. Oleh karena itu, kebijakan-kebijakan yang           Therefore, the policies implementation are supported by regular
dibuat didukung oleh tinjauan rutin internal, pihak ketiga,           internal reviews, third-party assessments, and an environmental
serta sistem manajemen lingkungan yang selaras dengan                 management system in line with ISO 14001:2015.
ISO 14001:2015.


Kebijakan pengelolaan lingkungan yang dikeluarkan didasarkan          The environmental management policies issued are based on the
pada identifikasi, penilaian, dan pengendalian risiko terhadap        identification, assessment, and control of risks associated with
bahan baku di seluruh fase bisnis perusahaan (dari eksplorasi         raw materials throughout the Company’s business phases (from
hingga pengembangan, operasi dan penutupan tambang).                  exploration to development, operations, and mine closure). In
Dalam pengambilan keputusan, Archi selalu melibatkan seluruh          decision-making process, Archi always involves all stakeholders
pemangku kepentingan dan mempertimbangkan perspektif dan              and considers their perspectives and knowledge.
pengetahuan mereka.


Archi juga berkomitmen untuk menghindari atau meminimalkan            Archi is also committed to avoiding or minimizing environmental
dampak lingkungan dari aktivitas yang dilakukan. Selain itu, Archi    impacts from its activities. Archi consistently strives to preserve
selalu berusaha untuk melestarikan sumber daya dan bahan baku         resources and raw materials to provide sustainable environmental
untuk memberikan manfaat lingkungan yang berkelanjutan.               benefits.




               Informasi lebih lengkap terkait kinerja keberlanjutan aspek sosial dan lingkungan hidup dapat dilihat di
                                        Laporan Keberlanjutan PT Archi Indonesia Tbk 2023.
                 More detailed information regarding the sustainability performance of the social and environmental
                          aspects can be found in the 2023 Sustainability Report of PT Archi Indonesia Tbk.




                                                                                                               PT Archi Indonesia Tbk
                                                                                                                    2023 Annual Report
                                                                                                                                            185
Page 188
               LAPORAN KEUANGAN
               KONSOLIDASIAN
               Consolidated Financial Statements



186   PT Archi Indonesia Tbk
      Laporan Tahunan 2023
Page 189
PT Archi Indonesia Tbk
dan entitas anaknya/and its subsidiaries

Laporan keuangan konsolidasian tanggal 31 Desember 2023
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements as of December 31, 2023
and for the year then ended with independent auditor’s report
Page 190
                                                                            The original consolidated financial statements included herein are in the
                                                                                                                               Indonesian language.


              PT ARCHI INDONESIA TBK                                                     PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        LAPORAN KEUANGAN KONSOLIDASIAN                                             CONSOLIDATED FINANCIAL STATEMENTS
            TANGGAL 31 DESEMBER 2023                                                     AS OF DECEMBER 31, 2023
         DAN UNTUK TAHUN YANG BERAKHIR                                                AND FOR THE YEAR THEN ENDED
             PADA TANGGAL TERSEBUT                                                 WITH INDEPENDENT AUDITOR’S REPORT
       BESERTA LAPORAN AUDITOR INDEPENDEN


                             Daftar Isi                                                             Table of Contents

                                                                 Halaman/
                                                                   Page

Surat Pernyataan Direksi                                                                                               Directors’ Statement

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 and
Komprehensif Lain Konsolidasian..................................    4-5    ................................... 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 Konsolidasian .............            9-98   .........Notes to the Consolidated Financial Statements



                                                        ************************
Page 191

          
Page 192

          
Page 193
                                                            The original report included herein is in the Indonesian language.




Laporan Auditor Independen                               Independent Auditor’s Report

Laporan    No.    00320/2.1032/AU.1/02/1716-             Report No.           00320/2.1032/AU.1/02/1716-
3/1/III/2024                                             3/1/III/2024

Pemegang Saham, Dewan Komisaris,                         The Shareholders and the Boards of
dan Direksi                                              Commissioners and Directors
PT Archi Indonesia Tbk                                   PT Archi Indonesia Tbk

Opini                                                    Opinion

Kami telah mengaudit laporan keuangan                    We have audited the accompanying consolidated
konsolidasian      PT    Archi    Indonesia    Tbk       financial statements of PT Archi Indonesia Tbk
(”Perusahaan”) dan entitas anaknya (secara               (the “Company”) and its subsidiaries (collectively
kolektif disebut sebagai ”Grup”) terlampir, yang         referred to as the “Group”), which comprise the
terdiri dari laporan posisi keuangan konsolidasian       consolidated statement of financial position as of
tanggal 31 Desember 2023, serta laporan laba rugi        December 31, 2023, and the consolidated
dan penghasilan komprehensif lain konsolidasian,         statements of profit or loss and other
laporan perubahan ekuitas konsolidasian, dan             comprehensive income, consolidated statement
laporan arus kas konsolidasian untuk tahun yang          of changes in equity, and consolidated statement
berakhir pada tanggal tersebut, serta catatan atas       of cash flows for the year then ended, and notes
laporan keuangan konsolidasian, termasuk                 to the consolidated financial statements,
informasi kebijakan akuntansi material.                  including material accounting policy information.

Menurut     opini    kami,   laporan    keuangan         In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar,         financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan           respects, the consolidated financial position of
konsolidasian Grup tanggal 31 Desember 2023,             the Group as of December 31, 2023, and its
serta    kinerja   keuangan     dan   arus    kas        consolidated financial performance and cash
konsolidasiannya untuk tahun yang berakhir pada          flows for the year then ended, in accordance with
tanggal tersebut, sesuai dengan Standar Akuntansi        Indonesian Financial Accounting Standards.
Keuangan di Indonesia.

Basis opini                                              Basis for opinion

Kami melaksanakan audit kami berdasarkan                 We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut              Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung jawab        Indonesian Institute of Certified Public
kami menurut standar tersebut diuraikan lebih            Accountants (“IICPA”). Our responsibilities under
lanjut dalam paragraf Tanggung Jawab Auditor             those standards are further described in the
terhadap     Audit   atas    Laporan    Keuangan         Auditor’s Responsibilities for the Audit of the
Konsolidasian pada laporan kami. Kami independen         Consolidated Financial Statements paragraph of
terhadap Grup berdasarkan ketentuan etika yang           our report. We are independent of the Group in
relevan dalam audit kami atas laporan keuangan           accordance with the ethical requirements
konsolidasian di Indonesia, dan kami telah               relevant to our audit of the consolidated financial
memenuhi tanggung jawab etika lainnya                    statements in Indonesia, and we have fulfilled our
berdasarkan ketentuan tersebut. Kami yakin               other ethical responsibilities in accordance with
bahwa bukti audit yang telah kami peroleh adalah         such requirements. We believe that the audit
cukup dan tepat untuk menyediakan suatu basis            evidence we have obtained is sufficient and
bagi opini kami.                                         appropriate to provide a basis for our opinion.

                                                     i
Page 194
                                                        The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                Independent Auditor’s Report (continued)

Laporan    No. 00320/2.1032/AU.1/02/1716-            Report No. 00320/2.1032/AU.1/02/1716-
3/1/III/2024 (lanjutan)                              3/1/III/2024 (continued)

Hal audit utama                                      Key audit matters

Hal audit utama adalah hal-hal yang, menurut         Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal         professional judgment, were of most significance
yang paling signifikan dalam audit kami atas         in our audit of the consolidated financial
laporan keuangan konsolidasian periode kini. Hal     statements of the current period. Such key audit
audit utama tersebut disampaikan dalam konteks       matters were addressed in the context of our
audit kami atas laporan keuangan konsolidasian       audit of the consolidated financial statements
secara keseluruhan, dan dalam merumuskan opini       taken as a whole, and in forming our opinion
kami atas laporan keuangan konsolidasian terkait,    thereon, and we do not provide a separate
dan kami tidak menyatakan suatu opini terpisah       opinion on such key audit matters. For the key
atas hal audit utama tersebut. Untuk hal audit       audit matter below, our description of how our
utama di bawah ini, penjelasan kami tentang          audit addressed such key audit matter is provided
bagaimana audit kami merespons hal tersebut          in such context.
disampaikan dalam konteks tersebut.

Kami telah memenuhi tanggung jawab yang              We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab Auditor      the Auditor’s Responsibilities for the Audit of the
terhadap     Audit   atas   Laporan     Keuangan     Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk            our report, including in relation to the key audit
sehubungan dengan hal audit utama yang               matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu,       audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang        designed to respond to our assessment of the
didesain untuk merespons penilaian kami atas         risks of material misstatement of the
risiko kesalahan penyajian material dalam laporan    accompanying          consolidated        financial
keuangan konsolidasian terlampir. Hasil prosedur     statements. The results of our audit procedures,
audit kami, termasuk prosedur yang dilakukan         including the procedures performed to address
untuk merespons hal audit utama di bawah ini,        the key audit matter below, provide the basis for
menyediakan basis bagi opini kami atas laporan       our opinion on the accompanying consolidated
keuangan konsolidasian terlampir.                    financial statements.




                                                ii
Page 195
                                                               The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                       Independent Auditor’s Report (continued)

Laporan    No. 00320/2.1032/AU.1/02/1716-                   Report No. 00320/2.1032/AU.1/02/1716-
3/1/III/2024 (lanjutan)                                     3/1/III/2024 (continued)

Hal audit utama (lanjutan)                                  Key audit matters (continued)

Evaluasi nilai realisasi neto persediaan emas               Assessment of net realizable value of gold
                                                            inventories

Penjelasan atas hal audit utama:                            Description of the key audit matter:

Harga pasar komoditas emas fluktuatif dan dapat             The market price of gold commodity is
menyebabkan realisasi persediaan emas Grup                  fluctuating and may cause the Group’s gold
direalisasi kurang dari nilai tercatatnya. Penentuan        inventories realized below their carrying amount.
nilai realisasi neto persediaan emas juga                   Determining net realizable values of gold
dipengaruhi secara signifikan oleh pertimbangan             inventories is also significantly affected by
dan estimasi manajemen yang terutama                        management’s judgment and estimation which
menyangkut estimasi harga jual barang jadi emas             primarily include estimation of the selling price
dan biaya konversi bijih emas yang tersedia untuk           for finished goods and the cost of conversion of
diproses (stockpiles) berdasarkan harga pasar               gold ore available for processing (stockpiles)
yang tersedia dan biaya saat ini. Pada tanggal              based on available market price and current
31 Desember 2023, jumlah persediaan emas                    costs. As at December 31, 2023, the carrying
adalah sebesar AS$105.520.742 atau 13% dari                 amount of gold inventories is amounting to
total aset konsolidasian. Analisis nilai realisasi neto     US$105,520,742 or 13% of the consolidated
persediaan emas ini adalah hal audit utama bagi             total assets. The net realizable values
kami karena saldo persediaan emas yang material             assessment of gold inventories is a key audit
dan diperlukannya penerapan pertimbangan dan                matter to us because the balance is material and
estimasi signifikan dari manajemen.                         it required significant judgment and estimation
                                                            from the management.

Pengungkapan sehubungan dengan persediaan                   The disclosures in relation to inventories are
disajikan dalam Catatan 7 pada laporan keuangan             included in Note 7 to the accompanying
konsolidasian terlampir.                                    consolidated financial statements.




                                                      iii
Page 196
                                                           The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                   Independent Auditor’s Report (continued)

Laporan    No. 00320/2.1032/AU.1/02/1716-               Report No. 00320/2.1032/AU.1/02/1716-
3/1/III/2024 (lanjutan)                                 3/1/III/2024 (continued)

Hal audit utama (lanjutan)                              Key audit matters (continued)

Nilai realisasi neto persediaan emas (lanjutan)         Net realizable          value       of    gold      inventories
                                                        (continued)

Respons audit:                                          Audit response

Kami mengevaluasi dan menguji rancangan                 We evaluated and assessed the design of the key
pengendalian utama atas proses evaluasi nilai           controls over the process of the net realizable
realisasi neto persediaan emas. Kami melakukan          value assessment of gold inventories. We
reviu atas evaluasi manajemen terhadap nilai            reviewed management’s assessment of the net
realisasi neto persediaan barang jadi emas dan bijih    realizable values of the Group’s gold finished
emas yang tersedia untuk diproses (stockpiles)          goods and gold ore available for processing
berdasarkan estimasi harga jual barang jadi emas.       (stockpiles) based on the estimated selling prices
Kami menguji kewajaran estimasi harga jual barang       of gold finished goods. We tested the
jadi dengan melakukan inspeksi faktur penjualan         reasonableness of the estimated selling prices of
serta informasi harga pasar yang tersedia pada          finished goods by inspecting the sales invoices as
periode barang jadi tersebut diharapkan dapat           well as available market price information at the
dijual. Kami melakukan evaluasi atas estimasi biaya     period the finished goods are expected to be sold.
konversi bijih emas yang tersedia untuk diproses        We evaluated the estimated conversion costs of
(stockpiles) dan biaya lainnya untuk menyelesaikan      gold ore available for processing (stockpiles) and
dan       menjual      barang      jadi     dengan      other costs to complete and sell the finished
membandingkannya dengan biaya saat ini dan              goods by comparing them to the current costs
analisis kandungan emasnya. Kami menguji akurasi        and the related gold content analysis. We tested
matematis analisis nilai realisasi neto dan             the mathematical accuracy of the net realizable
melakukan evaluasi atas kecukupan pengungkapan          values analysis and evaluated the adequacy of
terkait atas persediaan pada laporan keuangan           the related disclosures regarding inventory in the
konsolidasian terlampir.                                notes to the accompanying consolidated financial
                                                        statements.




                                                   iv
Page 197
                                                          The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                  Independent Auditor’s Report (continued)

Laporan    No. 00320/2.1032/AU.1/02/1716-              Report No. 00320/2.1032/AU.1/02/1716-
3/1/III/2024 (lanjutan)                                3/1/III/2024 (continued)

Informasi lain                                         Other information

Manajemen bertanggung jawab atas informasi lain.       Management is responsible for the other
Informasi lain terdiri dari informasi yang tercantum   information. Other information comprises the
dalam Laporan Tahunan 2023 (“Laporan                   information included in the 2023 Annual Report
Tahunan”) selain laporan keuangan konsolidasian        (“Annual Report”) other than the accompanying
terlampir dan laporan auditor independen kami.         consolidated financial statements and our
Laporan Tahunan diharapkan akan tersedia bagi          independent auditor’s report thereon. The
kami setelah tanggal laporan auditor independen        Annual Report is expected to be made available
ini.                                                   to us after the date of this independent auditor’s
                                                       report.
Opini kami atas laporan keuangan konsolidasian         Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan          financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk          Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan tersebut.        form of assurance on the Annual Report.
Sehubungan dengan audit kami atas laporan              In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung jawab       consolidated       financial   statements,   our
kami adalah untuk membaca Laporan Tahunan              responsibility is to read the Annual Report when
ketika tersedia dan, dalam pelaksanaannya,             it becomes available and, in doing so, consider
mempertimbangkan apakah Laporan Tahunan                whether the Annual Report is materially
mengandung      ketidakkonsistensian    material       inconsistent with the accompanying consolidated
dengan laporan keuangan konsolidasian terlampir        financial statements or our knowledge obtained
atau pemahaman yang kami peroleh selama audit,         in the audit, or otherwise appears to be
atau mengandung kesalahan penyajian material.          materially misstated.
Ketika kami membaca Laporan Tahunan, jika kami         When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan            that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan        are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada             charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola dan      actions based on the applicable laws and
melakukan tindakan yang tepat berdasarkan              regulations.
peraturan perundang-undangan yang berlaku.

Tanggung jawab manajemen dan pihak yang                Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap            charged with governance for the consolidated
laporan keuangan konsolidasian                         financial statements
Manajemen bertanggung jawab atas penyusunan            Management is responsible for the preparation
dan    penyajian   wajar   laporan   keuangan          and fair presentation of the consolidated
konsolidasian tersebut sesuai dengan Standar           financial statements in accordance with
Akuntansi Keuangan di Indonesia, dan atas              Indonesian Financial Accounting Standards, and
pengendalian internal yang dianggap perlu oleh         for such internal control as management
manajemen untuk memungkinkan penyusunan                determines is necessary to enable the
laporan keuangan konsolidasian yang bebas dari         preparation of consolidated financial statements
kesalahan penyajian material, baik yang                that are free from material misstatement,
disebabkan oleh kecurangan maupun kesalahan.           whether due to fraud or error.




                                                   v
Page 198
                                                           The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                   Independent Auditor’s Report (continued)

Laporan    No. 00320/2.1032/AU.1/02/1716-               Report No. 00320/2.1032/AU.1/02/1716-
3/1/III/2024 (lanjutan)                                 3/1/III/2024 (continued)

Tanggung jawab manajemen dan pihak yang                 Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap             charged with governance for the consolidated
laporan keuangan konsolidasian (lanjutan)               financial statements (continued)

Dalam      penyusunan       laporan      keuangan       In preparing the consolidated financial
konsolidasian, manajemen bertanggung jawab              statements, management is responsible for
untuk    menilai    kemampuan       Grup      dalam     assessing the Group’s ability to continue
mempertahankan        kelangsungan       usahanya,      as a going concern, disclosing, as applicable,
mengungkapkan, sesuai dengan kondisinya, hal-hal        matters related to going concern and using the
yang berkaitan dengan kelangsungan usaha, dan           going concern basis of accounting, unless
menggunakan basis akuntansi kelangsungan                management either intends to liquidate the
usaha, kecuali manajemen memiliki intensi untuk         Group or to cease its operations or has no
melikuidasi Grup atau menghentikan operasinya           realistic alternative but to do so.
atau tidak memiliki alternatif yang realistis selain
melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola           Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses                for overseeing the Group’s financial reporting
pelaporan keuangan Grup.                                process.

Tanggung jawab auditor terhadap audit atas              Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian                          consolidated financial statements

Tujuan kami adalah untuk memeroleh keyakinan            Our objectives are to obtain reasonable
memadai tentang apakah laporan keuangan                 assurance about whether the consolidated
konsolidasian secara keseluruhan bebas dari             financial statements taken as a whole are free
kesalahan penyajian material, baik yang                 from material misstatement, whether due to
disebabkan oleh kecurangan maupun kesalahan,            fraud or error, and to issue an independent
dan     untuk    menerbitkan    laporan    auditor      auditor’s report that includes our opinion.
independen yang mencakup opini kami. Keyakinan          Reasonable assurance is a high level of
memadai merupakan suatu tingkat keyakinan               assurance, but is not a guarantee that an audit
tinggi, namun bukan merupakan suatu jaminan             conducted in accordance with Standards on
bahwa audit yang dilaksanakan berdasarkan               Auditing established by the IICPA will always
Standar Audit yang ditetapkan oleh IAPI akan            detect a material misstatement when it exists.
selalu mendeteksi kesalahan penyajian material          Misstatements can arise from fraud or error and
ketika hal tersebut ada. Kesalahan penyajian dapat      are considered material if, individually or in the
disebabkan oleh kecurangan maupun kesalahan             aggregate, they could reasonably be expected to
dan dianggap material jika, baik secara individual      influence the economic decisions of users taken
maupun agregat, dapat diekspektasikan secara            on the basis of these consolidated financial
wajar akan memengaruhi keputusan ekonomi yang           statements.
diambil oleh pengguna berdasarkan laporan
keuangan konsolidasian tersebut.




                                                   vi
Page 199
                                                          The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                 Independent Auditor’s Report (continued)

Laporan    No. 00320/2.1032/AU.1/02/1716-             Report No. 00320/2.1032/AU.1/02/1716-
3/1/III/2024 (lanjutan)                               3/1/III/2024 (continued)

Tanggung jawab auditor terhadap audit atas            Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)             consolidated financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan           As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami         on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan               professional judgment and maintain professional
mempertahankan skeptisisme profesional selama         skepticism throughout the audit. We also:
audit. Kami juga:

   Mengidentifikasi dan menilai risiko kesalahan        Identify and assess the risks of material
    penyajian material dalam laporan keuangan             misstatement of the consolidated financial
    konsolidasian, baik yang disebabkan oleh              statements, whether due to fraud or error,
    kecurangan maupun kesalahan, mendesain                design and perform audit procedures
    dan melaksanakan prosedur audit yang                  responsive to such risks, and obtain audit
    responsif terhadap risiko tersebut, serta             evidence that is sufficient and appropriate to
    memeroleh bukti audit yang cukup dan tepat            provide a basis for our opinion. The risk of
    untuk menyediakan basis bagi opini kami.              not detecting a material misstatement
    Risiko tidak terdeteksinya suatu kesalahan            resulting from fraud is higher than for one
    penyajian material yang disebabkan oleh               resulting from error, as fraud may involve
    kecurangan lebih tinggi dari yang disebabkan          collusion, forgery, intentional omissions,
    oleh kesalahan, karena kecurangan dapat               misrepresentations, or override of internal
    melibatkan kolusi, pemalsuan, penghilangan            control.
    secara sengaja, pernyataan salah, atau
    pengabaian atas pengendalian internal.

   Memeroleh suatu pemahaman tentang                    Obtain an understanding of internal control
    pengendalian internal yang relevan dengan             relevant to the audit in order to design audit
    audit untuk mendesain prosedur audit yang             procedures that are appropriate in the
    tepat sesuai dengan kondisinya, tetapi bukan          circumstances, but not for the purpose of
    untuk tujuan menyatakan opini atas                    expressing an opinion on the effectiveness of
    keefektivitasan pengendalian internal Grup.           the Group’s internal control.

   Mengevaluasi ketepatan kebijakan akuntansi           Evaluate the appropriateness of accounting
    yang digunakan serta kewajaran estimasi               policies used and the reasonableness of
    akuntansi dan pengungkapan terkait yang               accounting estimates and related disclosures
    dibuat oleh manajemen.                                made by management.




                                                vii
Page 200
                                                            The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                   Independent Auditor’s Report (continued)

Laporan    No. 00320/2.1032/AU.1/02/1716-               Report No. 00320/2.1032/AU.1/02/1716-
3/1/III/2024 (lanjutan)                                 3/1/III/2024 (continued)

Tanggung jawab auditor terhadap audit atas              Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)               consolidated financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan             As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami           on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                 professional judgment and maintain professional
mempertahankan skeptisisme profesional selama           skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan)                            (continued)

   Menyimpulkan ketepatan penggunaan basis                Conclude on the appropriateness of
    akuntansi     kelangsungan      usaha   oleh            management's use of the going concern basis
    manajemen dan, berdasarkan bukti audit yang             of accounting and, based on the audit
    diperoleh,     apakah      terdapat    suatu            evidence obtained, whether a material
    ketidakpastian material yang terkait dengan             uncertainty exists related to events or
    peristiwa    atau    kondisi     yang  dapat            conditions that may cast significant doubt on
    menyebabkan keraguan signifikan atas                    the Group's ability to continue as a going
    kemampuan Grup untuk mempertahankan                     concern. If we conclude that a material
    kelangsungan      usahanya.     Ketika  kami            uncertainty exists, we are required to draw
    menyimpulkan       bahwa     terdapat  suatu            attention in our independent auditor's report
    ketidakpastian material, kami diharuskan                to the related disclosures in the consolidated
    untuk menarik perhatian dalam laporan auditor           financial statements or, if such disclosures
    independen kami ke pengungkapan terkait                 are inadequate, to modify our opinion. Our
    dalam laporan keuangan konsolidasian atau,              conclusion is based on the audit evidence
    jika pengungkapan tersebut tidak memadai,               obtained up to the date of independent
    memodifikasi opini kami. Kesimpulan kami                auditor's report. However, future events or
    didasarkan pada bukti audit yang diperoleh              conditions may cause the Group to cease to
    hingga tanggal laporan auditor independen               continue as a going concern.
    kami. Namun, peristiwa atau kondisi masa
    depan dapat menyebabkan Grup tidak dapat
    mempertahankan kelangsungan usahanya.

   Mengevaluasi penyajian, struktur, dan isi              Evaluate the overall presentation, structure
    laporan keuangan konsolidasian secara                   and content of the consolidated financial
    keseluruhan, termasuk pengungkapannya, dan              statements, including the disclosures, and
    apakah laporan keuangan konsolidasian                   whether      the    consolidated    financial
    mencerminkan transaksi dan peristiwa yang               statements represent the underlying
    mendasarinya dengan suatu cara yang                     transactions and events in a manner that
    mencapai penyajian wajar.                               achieves fair presentation.

   Memeroleh bukti audit yang cukup dan tepat             Obtain sufficient appropriate audit evidence
    terkait informasi keuangan entitas atau                 regarding the financial information of the
    aktivitas bisnis dalam Grup untuk menyatakan            entities or business activities within the
    suatu     opini    atas   laporan   keuangan            Group to express an opinion on the
    konsolidasian. Kami bertanggung jawab atas              consolidated financial statements. We are
    arahan, supervisi, dan pelaksanaan audit grup.          responsible for the direction, supervision,
    Kami tetap bertanggung jawab sepenuhnya                 and performance of the group audit. We
    atas opini kami.                                        remain solely responsible for our opinion.



                                                 viii
Page 201
                                                          The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                  Independent Auditor’s Report (continued)

Laporan    No. 00320/2.1032/AU.1/02/1716-              Report No. 00320/2.1032/AU.1/02/1716-
3/1/III/2024 (lanjutan)                                3/1/III/2024 (continued)

Tanggung jawab auditor terhadap audit atas             Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)              consolidated financial statements (continued)

Kami mengomunikasikan kepada pihak yang                We communicate with those charged with
bertanggung jawab atas tata kelola mengenai,           governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang               planned scope and timing of the audit and
direncanakan atas audit serta temuan audit             significant audit findings, including any
signifikan, termasuk setiap defisiensi signifikan      significant deficiencies in internal control that we
dalam pengendalian internal yang teridentifikasi       identify 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              relevant    ethical  requirements    regarding
yang relevan mengenai independensi, dan                independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh         relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara      reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami,          independence, and where applicable, related
dan jika relevan, pengamanan terkait.                  safeguards.

Dari hal-hal yang dikomunikasikan kepada pihak         From the matters communicated with those
yang bertanggung jawab atas tata kelola, kami          charged with governance, we determine those
menentukan hal-hal tersebut yang paling signifikan     matters that were of most significance in the
dalam audit atas laporan keuangan konsolidasian        audit of the consolidated financial statements of
periode kini dan oleh karenanya menjadi hal audit      the current period and are therefore the key
utama.     Kami menguraikan hal audit utama            audit matters. We describe such key audit
tersebut dalam laporan auditor independen kami         matters in our independent auditor’s report
kecuali peraturan perundang-undangan melarang          unless laws or regulations preclude public
pengungkapan publik tentang hal audit utama            disclosure about such key audit matters or when,
tersebut atau ketika, dalam kondisi yang sangat        in extremely rare circumstances, we determine
jarang terjadi, kami menentukan bahwa suatu hal        that a key audit matter should not be
audit utama tidak boleh dikomunikasikan dalam          communicated in our independent auditor’s
laporan auditor independen kami karena                 report because the adverse consequences of
konsekuensi        yang      merugikan        dari     doing so would reasonably be expected to
mengomunikasikan        hal    tersebut      akan      outweigh the public interest benefits of such
diekspektasikan secara wajar melebihi manfaat          communication.
kepentingan publik atas komunikasi tersebut.

                                KAP Purwantono, Sungkoro & Surja




                                            Dede Rusli
        Registrasi Akuntan Publik No.: AP.1716/Public Accountant Registration No.: AP.1716

                                  26 Maret 2024/March 26, 2024



                                                 ix
Page 202
                                                                                           The original consolidated financial statements included herein are in the
                                                                                                                                              Indonesian language.

                   PT ARCHI INDONESIA TBK                                                                   PT ARCHI INDONESIA TBK
                    DAN ENTITAS ANAKNYA                                                                       AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                                   CONSOLIDATED STATEMENT OF
                        KONSOLIDASIAN                                                                          FINANCIAL POSITION
                   Tanggal 31 Desember 2023                                                                  As of December 31, 2023
            (Disajikan dalam Dolar Amerika Serikat,                                                      (Expressed in United States Dollar,
                     kecuali dinyatakan lain)                                                                 unless otherwise stated)



                                                                               Catatan/
                                                          2023                  Notes                 2022
Aset                                                                                                                                                               Assets

Aset Lancar                                                                                                                                 Current Assets
Kas dan setara kas                                        9.320.177                 5                10.339.434                  Cash and cash equivalents
Kas yang dibatasi penggunaannya                              31.054                 8                 2.160.269                             Restricted cash
Piutang usaha - pihak ketiga                                 53.538                 6                 3.814.651              Trade receivables - third parties
Piutang lain-lain - pihak ketiga                         19.092.256                 6                16.578.824              Other receivables - third parties
Persediaan                                               60.785.367                 7                50.930.188                                   Inventories
Uang muka pemasok                                         2.988.778                                   1.860.798                       Advances to suppliers
Biaya dibayar dimuka                                      2.291.106                                   1.490.352                           Prepaid expenses

Total Aset Lancar                                        94.562.276                                  87.174.516                             Total Current Assets


Aset Tidak Lancar                                                                                                                     Non-Current Assets
Kas yang dibatasi penggunaannya                          11.156.638                 8                10.915.417                             Restricted cash
Tagihan dan keberatan atas                                                                                                        Claims for tax refund and
   hasil pemeriksaan pajak                              15.245.712                  12               5.766.626            tax assessments under appeals
Persediaan                                              66.284.625                   7              96.317.883                                   Inventories
Investasi pada entitas asosiasi                          5.203.473                   4               3.121.508                      Investment in associate
Aset pajak tangguhan                                       190.777                  12                 163.634                          Deferred tax assets
Aset eksplorasi dan evaluasi                            65.663.437                  10              58.819.920            Exploration and evaluation assets
Properti pertambangan                                  384.599.949                  11             311.230.122                              Mine properties
Aset tetap                                             159.256.546                   9             142.699.098                                 Fixed assets
Aset tidak lancar lainnya                                1.416.748                                   1.607.698                     Other non-current assets

Total Aset Tidak Lancar                                709.017.905                                 630.641.906                      Total Non-Current Assets

Total Aset                                             803.580.181                                 717.816.422                                           Total Assets




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak        The accompanying notes to the consolidated financial statements form an integral part
       terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                                  of these consolidated financial statements.


                                                                                    1
Page 203
                                                                                           The original consolidated financial statements included herein are in the
                                                                                                                                              Indonesian language.

                   PT ARCHI INDONESIA TBK                                                                    PT ARCHI INDONESIA TBK
                    DAN ENTITAS ANAKNYA                                                                       AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                                   CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                                FINANCIAL POSITION (continued)
                   Tanggal 31 Desember 2023                                                                   As of December 31, 2023
            (Disajikan dalam Dolar Amerika Serikat,                                                      (Expressed in United States Dollar,
                     kecuali dinyatakan lain)                                                                 unless otherwise stated)



                                                                               Catatan/
                                                          2023                  Notes                 2022

Liabilitas dan Ekuitas                                                                                                                     Liabilities and Equity

Liabilitas                                                                                                                                                    Liabilities

Liabilitas Jangka Pendek                                                                                                                  Current Liabilities
Utang bank jangka pendek                                 47.171.790                 13               60.699.682                        Short-term bank loans
Utang usaha                                                                         14                                                        Trade payables
   Pihak ketiga                                          29.914.214                                  44.954.824                                Third parties
   Pihak berelasi                                        18.903.058                 19               15.412.563                               Related party
Utang lain-lain - pihak ketiga                            1.474.407                 15                7.108.170                  Other payables - third parties
Biaya masih harus dibayar                                                           16                                                     Accrued expenses
   Pihak ketiga                                          15.201.751                                  24.734.745                                Third parties
   Pihak berelasi                                         5.451.508                 19                7.350.485                               Related party
Liabilitas imbalan kerja                                                                                                                Short-term employee
   jangka pendek                                             256.046                18                  427.241                             benefits liability
Utang pajak                                                1.711.260                12                5.715.144                                Taxes payable
Bagian lancar atas liabilitas                                                                                                            Current maturities of
   jangka panjang:                                                                  17                                                  long-term liabilities:
   Utang bank                                              2.000.000                                 34.940.627                                 Bank loans
   Utang pembiayaan konsumen                                  76.786                                    159.202                    Consumer finance loans

Total Liabilitas Jangka Pendek                         122.160.820                                 201.502.683                         Total Current Liabilities


Liabilitas Jangka Panjang                                                                                                             Non-Current Liabilities
Liabilitas jangka panjang, setelah                                                                                                 Non-current liabilities, net of
   dikurangi bagian lancar:                                                         17                                                    current maturities:
   Utang bank                                          355.964.113                                 216.525.840                                    Bank loans
   Utang pembiayaan konsumen                                     -                                      77.793                      Consumer finance loans
Liabilitas pajak tangguhan                              43.990.022                  12              34.898.466                          Deferred tax liabilities
Provisi untuk reklamasi dan                                                                                                          Provision for reclamation
   penutupan tambang                                     13.016.790                 20               12.258.073                            and mine closure
Liabilitas imbalan kerja                                  5.818.451                 18                4.798.128                     Employee benefits liability

Total Liabilitas Jangka Panjang                        418.789.376                                 268.558.300                 Total Non-Current Liabilities

Total Liabilitas                                       540.950.196                                 470.060.983                                       Total Liabilities




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak        The accompanying notes to the consolidated financial statements form an integral part
       terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                                  of these consolidated financial statements.


                                                                                    2
Page 204
                                                                                              The original consolidated financial statements included herein are in the
                                                                                                                                                 Indonesian language.


                   PT ARCHI INDONESIA TBK                                                                      PT ARCHI INDONESIA TBK
                    DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                                    CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                                  FINANCIAL POSITION (continued)
                   Tanggal 31 Desember 2023                                                                     As of December 31, 2023
            (Disajikan dalam Dolar Amerika Serikat,                                                        (Expressed in United States Dollar,
                     kecuali dinyatakan lain)                                                                   unless otherwise stated)



                                                                               Catatan/
                                                          2023                  Notes                    2022

Liabilitas dan Ekuitas                                                                                                                        Liabilities and Equity
   (lanjutan)                                                                                                                                          (continued)

Ekuitas                                                                                                                                                               Equity

Ekuitas yang Dapat Diatribusikan                                                                                                Equity Attributable to
   kepada Pemilik Entitas Induk                                                                                           the Owners of the Parent
Modal saham -                                                                                                                             Share capital -
   nilai nominal Rp10 per saham                                                                                             par value Rp10 per share
   Modal dasar - 94.370.000.000 saham                                                                              Authorized - 94,370,000,000 shares
   Ditempatkan dan disetor penuh -                                                                                             Issued and fully paid -
       24.835.000.000 saham          20.350.482                                     1,21a               20.350.482         24,835,000,000 shares
Tambahan modal disetor               95.790.451                                      22                 95.790.451             Additional paid-in capital
Selisih atas akuisisi                                                                                               Difference arising from acquisition
   kepentingan non-pengendali         (5.105.641)                                    23                 (5.105.641)       of non-controlling interests
Selisih kurs atas                                                                                                             Exchange differences on
   penjabaran laporan                                                                                                      translation of subsidiaries’
   keuangan entitas anak                (398.163)                                                         (575.414)              financial statements
Saldo laba                                                                                                                           Retained earnings
   Ditentukan penggunaannya              300.000                                    21b                    200.000                       Appropriated
   Belum ditentukan
       penggunaannya                151.597.771                                     21d               137.178.047                                    Unappropriated

                                                       262.534.900                                    247.837.925

Kepentingan Non-Pengendali                                     95.085                                        (82.486)                  Non-Controlling Interests

Total Ekuitas                                          262.629.985                                    247.755.439                                            Total Equity

Total Liabilitas dan Ekuitas                           803.580.181                                    717.816.422                    Total Liabilities and Equity




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak           The accompanying notes to the consolidated financial statements form an integral part
       terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                                     of these consolidated financial statements.


                                                                                     3
Page 205
                                                                                           The original consolidated financial statements included herein are in the
                                                                                                                                              Indonesian language.


                  PT ARCHI INDONESIA TBK                                                            PT ARCHI INDONESIA 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 Tanggal                                                        For the Year Ended
                      31 Desember 2023                                                                  December 31, 2023
           (Disajikan dalam Dolar Amerika Serikat,                                               (Expressed in United States Dollar,
                    kecuali dinyatakan lain)                                                          unless otherwise stated)



                                                                               Catatan/
                                                          2023                  Notes                 2022

Pendapatan dari kontrak                                                                                                                  Revenue from contracts
  dengan pelanggan                                     249.630.768                  24             216.476.272                                 with customers

Beban pokok penjualan                                 (179.861.073)                 25           (156.945.808)                                   Cost of goods sold

Laba bruto                                               69.769.695                                  59.530.464                                           Gross profit

Beban penjualan                                           (1.095.124)                                   (901.937)                            Selling expenses
                                                                                                                                    General and administrative
Beban umum dan administrasi                               (9.519.064)               26              (8.694.788)                                    expenses
Pendapatan operasi lain                                    5.145.015                27              11.589.493                         Other operating income
Beban operasi lain                                        (8.669.496)               28             (13.994.037)                      Other operating expenses

Laba usaha                                               55.631.026                                  47.529.195                       Income from operations

Penghasilan keuangan                                        186.709                                    220.821                                 Finance income
Beban keuangan                                          (31.276.430)                29             (20.516.504)                                  Finance costs
Bagian atas laba entitas asosiasi                         3.667.598                  4               1.339.753                  Share in profit of an associate

Laba sebelum beban                                                                                                                                Profit before
  pajak penghasilan                                      28.208.903                                  28.573.265                           income tax expense

Beban pajak penghasilan                                 (13.449.779)                12             (14.036.452)                                Income tax expense

Laba Tahun Berjalan                                      14.759.124                                  14.536.813                                  Profit for the Year

Penghasilan Komprehensif Lain:                                                                                             Other Comprehensive Income:
Pos-pos yang tidak akan                                                                                                    Items that will not be reclassified
  direklasifikasi ke laba rugi pada                                                                                                      to profit or loss in
  periode selanjutnya:                                                                                                               subsequent periods:
  Pengukuran kembali                                                                                                                  Remeasurement of
      liabilitas imbalan kerja                                (66.061)          18,12e                   993.328              employee benefits liability
  Bagian atas penghasilan
      komprehensif lain                                                                                                      Share of other comprehensive
      entitas asosiasi                                           4.232              4                      10.147                 income of an associate
Pos yang akan direklasifikasi                                                                                                   Item that may be reclassified
  ke laba rugi pada periode                                                                                                                  to profit or loss
  selanjutnya:                                                                                                                       in subsequent periods:
  Selisih kurs atas penjabaran                                                                                                     Exchange differences on
      laporan keuangan                                                                                                        translation of subsidiaries’
      entitas anak                                            177.251                                   (372.171)                     financial statements

Penghasilan
   Komprehensif Lain                                                                                                                      Other Comprehensive
  Tahun Berjalan                                                                                                                          Income For the Year,
  Setelah Pajak                                               115.422                                    631.304                                   Net of Tax
Total Penghasilan Komprehensif                                                                                                             Total Comprehensive
   Tahun Berjalan                                        14.874.546                                  15.168.117                            Income for the Year




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak        The accompanying notes to the consolidated financial statements form an integral part
       terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                                  of these consolidated financial statements.


                                                                                    4
Page 206
                                                                                           The original consolidated financial statements included herein are in the
                                                                                                                                              Indonesian language.

                  PT ARCHI INDONESIA TBK                                                             PT ARCHI INDONESIA 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
                         (lanjutan)                                                                           (continued)
          Untuk Tahun yang Berakhir pada Tanggal                                                         For the Year Ended
                      31 Desember 2023                                                                   December 31, 2023
           (Disajikan dalam Dolar Amerika Serikat,                                                (Expressed in United States Dollar,
                    kecuali dinyatakan lain)                                                           unless otherwise stated)



                                                                               Catatan/
                                                          2023                  Notes                 2022

Laba tahun berjalan yang dapat
  diatribusikan kepada:                                                                                                 Profit for the year attributable to:
  Pemilik entitas induk                                  14.569.739                                  14.550.684                      Owners of the parent
  Kepentingan non-pengendali                                189.385                                     (13.871)                 Non-controlling interests

Total                                                    14.759.124                                  14.536.813                                                       Total

Total penghasilan komprehensif
   tahun berjalan yang dapat                                                                                     Total comprehensive income for
   diatribusikan kepada:                                                                                                the year attributable to:
   Pemilik entitas induk                                 14.696.975                                  15.168.641             Owners of the parent
   Kepentingan non-pengendali                               177.571                                        (524)         Non-controlling interests

Total                                                    14.874.546                                  15.168.117                                                       Total

Laba per saham dasar                                                                                                                 Basic earnings per share
  yang dapat diatribusikan                                                                                                                    attributable to
  kepada pemilik entitas induk                                 0,0006               30                     0,0006                      owners of the parent




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak        The accompanying notes to the consolidated financial statements form an integral part
       terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                                  of these consolidated financial statements.


                                                                                    5
Page 207
                                                                                                                                                                                                                                                       The original consolidated financial statements included herein are in the Indonesian language.


                                                   PT ARCHI INDONESIA TBK                                                                                                                                                          PT ARCHI INDONESIA 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 2023                                                                                                                                   For the Year Ended December 31, 2023
                                 (Disajikan dalam Dolar Amerika Serikat, kecuali dinyatakan lain)                                                                                                                   (Expressed in United States Dollar, unless otherwise stated)


                                                                                                                         Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/
                                                                                                                                 Equity Attributable to the Owners of the Parent

                                                                                                                      Selisih Atas              Selisih Kurs atas
                                                                                                                        Akuisisi              Penjabaran Laporan              Saldo Laba/Retained Earnings
                                                                 Modal                                               Kepentingan               Keuangan Entitas
                                                             Ditempatkan                                            Non-Pengendali/                   Anak/
                                                              dan Disetor                                              Difference             Exchange Differences
                                                                Penuh/                     Tambahan                   Arising from              on Translation of                                 Belum                                                       Kepentingan
                                                              Issued and                 Modal Disetor/              Acquisition of               Subsidiaries’         Ditentukan              Ditentukan                                                   Non-Pengendali/
                                          Catatan/             Fully Paid                  Additional               Non-controlling                 Financial         Penggunaannya/          Penggunaannya/                     Sub-total/                  Non-controlling              Total Ekuitas/
                                           Notes             Share Capital               Paid-in Capital                Interest                   Statements          Appropriated           Unappropriated                     Sub-total                      Interests                  Total Equity

Saldo per 1 Januari 2022                                              20.350.482                  95.790.451                   (5.105.641)               (208.435 )                       -           121.842.427                     232.669.284                         (81.962)                  232.587.322         Balance as of January 1, 2022

Laba tahun berjalan                                                              -                            -                           -                      -                        -            14.550.684                      14.550.684                         (13.871)                   14.536.813                        Profit for the year

Penghasilan komprehensif lain                                                    -                            -                           -              (366.979 )                       -                  984.936                       617.957                         13.347                      631.304             Other comprehensive income

Total penghasilan komprehensif                                                                                                                                                                                                                                                                                              Total comprehensive income
   tahun berjalan                                                                -                            -                           -              (366.979 )                       -            15.535.620                      15.168.641                             (524)                  15.168.117                          for the year

Pencadangan laba ditahan                     21b                                 -                            -                           -                      -                200.000                 (200.000 )                               -                              -                           -       Appropriation of retained earnings


Saldo per 31 Desember 2022                                            20.350.482                  95.790.451                   (5.105.641)               (575.414 )               200.000             137.178.047                     247.837.925                         (82.486)                  247.755.439      Balance as of December 31, 2022

Laba tahun berjalan                                                              -                            -                           -                      -                        -            14.569.739                      14.569.739                         189.385                    14.759.124                        Profit for the year

Penghasilan komprehensif lain                                                    -                            -                           -               177.251                         -                  (50.015 )                     127.236                        (11.814)                     115.422             Other comprehensive income

Total penghasilan komprehensif                                                                                                                                                                                                                                                                                              Total comprehensive income
   tahun berjalan                                                                -                            -                           -               177.251                         -            14.519.724                      14.696.975                         177.571                    14.874.546                          for the year


Pencadangan laba ditahan                     21b                                 -                            -                           -                      -                100.000                 (100.000 )                               -                              -                           -       Appropriation of retained earnings

Saldo per 31 Desember 2023                                            20.350.482                  95.790.451                   (5.105.641)               (398.163 )               300.000             151.597.771                     262.534.900                          95.085                   262.629.985      Balance as of December 31, 2023




                                     Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari                                                            The accompanying notes to the consolidated financial statements form an integral part of these
                                                            laporan keuangan konsolidasian secara keseluruhan.                                                                                                        consolidated financial statements taken as a whole.


                                                                                                                                                                         6
Page 208
                                                                                            The original consolidated financial statements included herein are in
                                                                                                                                       the Indonesian language.


                  PT ARCHI INDONESIA TBK                                                             PT ARCHI INDONESIA TBK
                   DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
          LAPORAN ARUS KAS KONSOLIDASIAN                                                     CONSOLIDATED STATEMENT OF CASH FLOWS
          Untuk Tahun yang Berakhir pada Tanggal                                                         For the Year Ended
                      31 Desember 2023                                                                   December 31, 2023
           (Disajikan dalam Dolar Amerika Serikat,                                                (Expressed in United States Dollar,
                    kecuali dinyatakan lain)                                                           unless otherwise stated)



                                                                               Catatan/
                                                          2023                  Notes               2022

Arus Kas dari Aktivitas                                                                                                       Cash Flows from
Operasi                                                                                                                   Operating Activities
Penerimaan kas dari pelanggan                          258.390.322                               218.328.533      Cash receipts from customers
Pembayaran kepada kontraktor,                                                                                         Payments to contractors,
   pemasok dan lainnya                                (151.357.201)                             (114.899.385)            suppliers and others
Pembayaran kepada karyawan                             (14.665.403)                              (14.534.420)          Payments to employees
Pembayaran kepada pemerintah                                                                                       Payments to the government
   Royalti                                              (19.866.547)                             (10.564.146)                         Royalties
   Pajak lainnya                                        (11.432.841)                              (6.773.066)                      Other taxes
Penghasilan bunga                                           186.709                                  220.821                    Interest received
Pembayaran beban bunga                                                                                           Payments of interest and other
   dan keuangan lainnya                                 (31.172.853)                             (16.976.616)                financial charges
Penerimaan tagihan pajak                                 14.188.693                               21.773.574   Receipts of claims for tax refund
Pembayaran pajak penghasilan                            (23.048.488)                             (22.284.087) Payments of corporate income tax

Kas Neto Diperoleh dari                                                                                                                 Net Cash Provided by
  Aktivitas Operasi                                      21.222.391                                54.291.208                           Operating Activities


Arus Kas dari Aktivitas                                                                                                         Cash Flows from Investing
Investasi                                                                                                                                           Activities
Penambahan aset eksplorasi                                                                                                       Additions to exploration and
   dan evaluasi                                          (7.800.972)                10             (5.103.104)                           evaluation assets
Penambahan aset tetap                                   (56.156.100)                 9             (6.844.067)                      Additions to fixed assets
Penambahan properti pertambangan                        (58.337.279)                11            (57.397.581)                  Additions to mine properties

Kas Neto Digunakan untuk                                                                                                                      Net Cash Used in
  Aktivitas Investasi                                 (122.294.351)                               (69.344.752)                            Investing Activities




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak         The accompanying notes to the consolidated financial statements form an integral
           terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                           part of these consolidated financial statements.


                                                                                    7
Page 209
                                                                                              The original consolidated financial statements included herein are in
                                                                                                                                         the Indonesian language.


                  PT ARCHI INDONESIA TBK                                                               PT ARCHI INDONESIA TBK
                   DAN ENTITAS ANAKNYA                                                                   AND ITS SUBSIDIARIES
          LAPORAN ARUS KAS KONSOLIDASIAN                                                       CONSOLIDATED STATEMENT OF CASH FLOWS
                           (lanjutan)                                                                          (continued)
          Untuk Tahun yang Berakhir pada Tanggal                                                           For the Year Ended
                      31 Desember 2023                                                                     December 31, 2023
           (Disajikan dalam Dolar Amerika Serikat,                                                  (Expressed in United States Dollar,
                    kecuali dinyatakan lain)                                                             unless otherwise stated)



                                                                               Catatan/
                                                          2023                  Notes                 2022

Arus Kas dari Aktivitas                                                                                                                     Cash Flows from
Pendanaan                                                                                                                                Financing Activities
Penambahan kas dibatasi                                                                                                            Increase in restricted cash -
   penggunaanya - jaminan                                                                                                                        reclamation
   reklamasi dan                                                                                                                           and mine closure
   penutupan tambang                                          241.221                8                   (665.305)                                 guarantee
Pengurangan kas                                                                                                                                   Decrease in
   yang dibatasi penggunaannya                             2.129.215                 8                 4.770.665                              restricted cash
Penerimaan dividen kas                                     1.639.905                                           -                  Proceeds from cash dividend
Penerimaan utang bank                                                                                                                Proceeds from short-term
   jangka pendek                                                        -           13,31            43.015.154                                   bank loans
Pembayaran utang bank                                                                                                                 Repayment of short-term
   jangka pendek                                        (14.500.000)                13,31           (14.500.000)                                  bank loans
Penerimaan utang bank                                                                                                                 Proceeds from long-term
   jangka panjang                                      365.000.000                  17,31                            -                            bank loans
Pembayaran utang bank                                                                                                                Repayments of long-term
   jangka panjang                                     (254.353.421)                 17,31           (18.532.802)                                  bank loans
Pembayaran utang                                                                                                                                Repayments of
   pembiayaan konsumen                                       (160.209)                                   (410.940)                   consumer finance loans

Kas Neto Diperoleh dari                                                                                                                   Net Cash Provided by
  Aktivitas Pendanaan                                    99.996.711                                  13.676.772                           Financing Activities

Penurunan Neto                                                                                                                            Net Decrease in
  Kas dan Setara Kas                                      (1.075.249)                                 (1.376.772)             Cash and Cash Equivalents

Dampak Neto Perubahan                                                                                                                   Net Effect of Exchange
  Nilai Tukar Atas Kas                                                                                                                Rate Changes on Cash
  dan Setara Kas                                               55.992                                    (582.666)                     and Cash Equivalents
Kas dan Setara Kas                                                                                                             Cash and Cash Equivalents
  Awal Tahun                                             10.339.434                                  12.298.872              At the Beginning of the Year

Kas dan Setara Kas                                                                                                               Cash and Cash Equivalents
  Akhir Tahun                                              9.320.177                 5               10.339.434                     At the End of the Year




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak           The accompanying notes to the consolidated financial statements form an integral
           terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                             part of these consolidated financial statements.


                                                                                     8
Page 210
                                                              The original consolidated financial statements included herein are in
                                                                                                        the Indonesian language.


           PT ARCHI INDONESIA TBK                                            PT ARCHI INDONESIA TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
    KEUANGAN KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
        Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
  Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
    (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
             kecuali dinyatakan lain)                                         unless otherwise stated)


1. UMUM                                                      1.    GENERAL

  a.   Pendirian dan Informasi Umum                               a.    Establishment and General Information

       PT Archi Indonesia Tbk (“Perusahaan”) didirikan                  PT Archi Indonesia Tbk (the “Company”) was
       berdasarkan Akta Notaris Fatma Agung                             established based on Notarial Deed No. 1 of
       Budiwijaya, S.H., No. 1 tanggal 14 September                     Fatma Agung Budiwijaya. S.H., dated
       2010 dengan nama PT Archi Indonesia. Akta                        September 14, 2010 under its original
       pendirian Perusahaan telah disahkan oleh                         name of PT Archi Indonesia. The Company’s
       Menteri Kehakiman dalam surat keputusan                          deed of establishment was approved
       No. AHU-47797.AH.01.01.Tahun 2010 tanggal                        by the Minister of Justice in decision letter
       11 Oktober 2010 dan telah diumumkan dalam                        No. AHU-47797.AH.01.01.Tahun 2010 dated
       Berita Negara Republik Indonesia No. 19 tanggal                  October 11, 2010 and published in the State
       6 Maret 2012, Tambahan No. 6799.                                 Gazette No. 19 dated March 6, 2012,
                                                                        Supplement No. 6799.

       Anggaran Dasar Perusahaan telah mengalami                        The Company’s Articles of Association has
       beberapa kali perubahan, perubahan terakhir                      been amended several times, the most recent
       berdasarkan Akta Notaris Mala Mukti, S.H.                        of which was documented in Notarial Deed
       LL.M., No. 28 tanggal 9 Februari 2021                            No. 28 of Mala Mukti, S.H. LL.M., dated
       sehubungan, antara lain:                                         February 9, 2021 about, among others:
          Perubahan nama Perusahaan menjadi                               Change the Company’s name to PT Archi
           PT Archi Indonesia Tbk.                                          Indonesia Tbk.
          Perubahan status Perusahaan sebagai                             Change of the Company’s status to public
           perusahaan terbuka.                                              entity.
          Pemecahan nilai nominal saham dari Rp100                        Share split par value from Rp100 per
           per saham menjadi Rp10 per saham dan                             share to Rp10 per share and increase the
           peningkatan modal dasar saham menjadi                            authorized     shares     to     become
           94.370.000.000 saham.                                            94,370,000,000 shares.
          Mengubah      seluruh   anggaran    dasar                       Change the articles of association of the
           Perusahaan untuk disesuaikan dengan                              Company to comply with Rule IX.J.1,
           Peraturan IX.J.1, Peraturan Otoritas Jasa                        Financial Services Authority Regulation
           Keuangan (“POJK”) 33 dan peraturan terkait                       (“POJK”) 33 and other related regulations
           lainnya    termasuk     kegiatan    usaha                        including the Company's business
           Perusahaan.                                                      activities.

       Perubahan tersebut telah disetujui oleh Menteri                  The amendments were approved by the
       Hukum dan Hak Asasi Manusia Republik                             Minister of Law and Human Rights of the
       Indonesia     dalam    surat      No.     AHU-                   Republic of Indonesia in letter No. AHU-
       0008681.AH.01.02.TAHUN        2021      tanggal                  0008681.AH.01.02.TAHUN      2021    dated
       10 Februari 2021.                                                February 10, 2021.




                                                         9
Page 211
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.


             PT ARCHI INDONESIA TBK                                           PT ARCHI INDONESIA TBK
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
             CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
      KEUANGAN KONSOLIDASIAN (lanjutan)                                 FINANCIAL STATEMENTS (continued)
          Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
    Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
      (Disajikan dalam Dolar Amerika Serikat,                             (Expressed in United States Dollar,
               kecuali dinyatakan lain)                                        unless otherwise stated)


1. UMUM (lanjutan)                                              1.   GENERAL (continued)

    a.   Pendirian dan Informasi Umum (lanjutan)                     a.    Establishment and General Information
                                                                           (continued)

         Sesuai dengan Pasal 3 Anggaran Dasar                              In accordance with Article 3 of the Company's
         Perusahaan, maksud dan tujuan Perusahaan                          Articles of Association, the objectives and
         adalah melakukan usaha dalam bidang aktivitas                     purposes of the Company are to conduct
         investasi dengan kegiatan utamanya adalah                         business as holding company with main
         kepemilikan dan/atau penguasaan aset dari                         activity in ownership and/or control of assets
         sekelompok entitas anak baik di dalam maupun                      of a group of subsidiary both at domestic and
         luar negeri yang antara lain termasuk namun                       overseas which include but not limited to do
         tidak terbatas melakukan usaha baik secara                        business either directly or indirectly through
         langsung maupun tidak langsung melalui                            joint operations, participation (investment) or
         kerjasama operasi, penyertaan (investasi)                         divestment of capital and/or joint ventures
         ataupun pelepasan (divestasi) modal dan/atau                      with other parties, in companies engaged in
         melakukan bentuk usaha patungan dengan                            mining and other sectors. To achieve those
         pihak lain, pada perusahaan yang bergerak di                      objectives and purposes, the Company may
         bidang pertambangan dan sektor lainnya. Untuk                     carry out other management consulting
         mencapai maksud dan tujuan tersebut,                              activities,   including providing advice,
         Perusahaan     dapat    melakukan     aktivitas                   guidance and business operations and other
         konsultasi manajemen lainnya, termasuk                            organizational and management issues, such
         memberikan bantuan nasihat, bimbingan dan                         as strategic and organizational planning,
         operasional usaha dan permasalahan organisasi                     decisions related to finance, marketing
         dan manajemen lainnya, seperti perencanaan                        objectives and policies, planning, practice
         strategi dan organisasi, keputusan berkaitan                      and human resource policies, scheduling
         dengan keuangan, tujuan dan kebijakan                             planning and production control.
         pemasaran, perencanaan, praktik dan kebijakan
         sumber      daya    manusia,     perencanaan
         penjadwalan dan pengendalian produksi.

         Perusahaan berdomisili di Rajawali Place lantai                   The Company is domiciled at Rajawali Place
         27, Jalan HR Rasuna Said Kav. B/4, Setiabudi,                     floor 27th, Jalan HR Rasuna Said Kav. B/4,
         Jakarta Selatan, Indonesia.                                       Setiabudi, South Jakarta, Indonesia.

         Perusahaan mulai beroperasi secara komersial                      The Company commenced its commercial
         pada tahun 2010.                                                  operations in 2010.

         Manajemen       bertanggung      jawab     atas                   The management is responsible for the
         penyusunan dan penyajian laporan keuangan                         preparation and presentation of the
         konsolidasian ini, yang telah diselesaikan dan                    consolidated financial statements, which
         disetujui untuk diterbitkan oleh direksi                          were completed and authorized for issuance
         Perusahaan pada tanggal 26 Maret 2024.                            by    the    Company’s     directors    on
                                                                           March 26, 2024.

         PT Rajawali Corpora adalah entitas induk                           PT Rajawali Corpora is the Company’s
         Perusahaan. Perusahaan tidak memiliki entitas                      parent. The Company has no ultimate
         induk terakhir.                                                    parent.




                                                           10
Page 212
                                                                The original consolidated financial statements included herein are in
                                                                                                           the Indonesian language.


              PT ARCHI INDONESIA TBK                                         PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                               FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                           (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                      unless otherwise stated)


1.   UMUM (lanjutan)                                           1.   GENERAL (continued)

     b. Manajemen Kunci dan Informasi Lainnya                        b. Key Management and Other Information

        Susunan Dewan Komisaris dan Direksi serta                       The members of the Company’s Boards of
        Komite Audit Perusahaan adalah sebagai                          Commissioners and Directors and Audit
        berikut:                                                        Committee are as follows:

        Dewan Komisaris                                                                          Board of Commissioners
        Komisaris Utama                    Kenneth Ronald Kennedy Crichton                         President Commissioner
        Wakil Komisaris Utama                     Rizki Indrakusuma                           Vice President Commissioner
        Komisaris                                      Abed Nego                                             Commissioner
        Komisaris Independen                  Dr. Ir. Bambang Setiawan                          Independent Commissioner
        Komisaris Independen                       Hamid Awaluddin                              Independent Commissioner
        Komisaris Independen                          Jhoni Ginting                             Independent Commissioner

        Dewan Direksi                                                                                      Board of Directors
        Direktur Utama                               Rudy Suhendra                                          President Director
        Direktur                            Christian Emanuel David Sompie                                            Director
        Direktur                              Hidayat Dwiputro Sulaksono                                              Director
        Direktur                                  Scott Gerald Atkinson                                               Director

        Komite Audit                                                                                         Audit Committee
        Ketua                                  Dr. Ir. Bambang Setiawan                                             Chairman
        Anggota                                     Hamid Awaluddin                                                  Member
        Anggota                                         Herwan Ng                                                    Member

        Pada tanggal 31 Desember 2023 dan 2022 Grup                     As of December 31, 2023 and 2022, the Group
        mempunyai masing-masing 674 dan 696                             has 674 and 696 permanent employees,
        karyawan tetap (tidak diaudit).                                 respectively (unaudited).


     c. Penawaran Umum dan Aksi Korporasi yang                      c. Public Offering and Corporate Actions
        Mempengaruhi     Modal     Saham  yang                         Affecting Issued and Fully Paid Share
        Ditempatkan dan Disetor Penuh                                  Capital

        Pada tahun 2021, Perusahaan melakukan                           In 2021, the Company conducted an Initial
        penawaran saham perdana kepada masyarakat                       Public Offering of 3,725,250,000 shares or
        sebanyak       3.725.250.000     saham    yang                  15% of its 24,835,000,000 issued and fully
        merupakan 15% dari jumlah 24.835.000.000                        paid shares. The shares offered to the public
        saham ditempatkan dan disetor penuh.                            during the Initial Public Offering were listed on
        Penawaran saham kepada masyarakat tersebut                      June 28, 2021 in Indonesia Stock Exchange.
        dicatat di Bursa Efek Indonesia pada tanggal 28                 As of December 31, 2023 and 2022, all the
        Juni 2021. Pada tanggal 31 Desember 2023 dan                    Company’s issued and fully paid shares of
        2022, semua saham ditempatkan dan disetor                       24,835,000,000 shares are listed in the
        penuh sejumlah 24.835.000.000 lembar saham                      Indonesia Stock Exchange.
        telah dicatat di Bursa Efek Indonesia.




                                                          11
Page 213
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.


              PT ARCHI INDONESIA TBK                                                 PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                       FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                             As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                   (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                              unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.      SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL                                                             POLICIES INFORMATION

     a.   Dasar   Penyajian       Laporan      Keuangan                   a.    Basis of Presentation of Consolidated
          Konsolidasian                                                         Financial Statements

          Laporan keuangan konsolidasian telah disusun                          The consolidated financial statements have
          sesuai dengan Standar Akuntansi Keuangan di                           been prepared in accordance with Indonesian
          Indonesia (“SAK”), yang mencakup Pernyataan                           Financial Accounting Standards (“SAK”),
          dan Interpretasi yang dikeluarkan oleh Dewan                          which comprise the Statements and
          Standar Akuntansi Keuangan Ikatan Akuntan                             Interpretations issued by the Financial
          Indonesia (“DSAK IAI”), dan Peraturan-                                Accounting Standards Board of the Indonesian
          Peraturan serta Pedoman Penyajian dan                                 Institute of Chartered Accountants (Dewan
          Pengungkapan Laporan Keuangan yang                                    Standar Akuntansi Keuangan Ikatan Akuntan
          diterbitkan oleh Otoritas Jasa Keuangan (“OJK”).                      Indonesia or “DSAK IAI”) and the Regulations
                                                                                and Guidelines on Financial Statement
                                                                                Presentation and Disclosures issued by
                                                                                Financial Services Authority (Otoritas Jasa
                                                                                Keuangan or “OJK”).

          Laporan keuangan konsolidasian disusun                                The consolidated financial statements have
          berdasarkan konsep akrual, kecuali laporan arus                       been prepared on the accrual basis, except for
          kas konsolidasian dengan menggunakan konsep                           the consolidated statement of cash flows,
          biaya historis, kecuali seperti yang disebutkan                       using the historical cost concept of accounting,
          dalam Catatan atas laporan keuangan                                   except as disclosed in the relevant Notes to the
          konsolidasian yang relevan.                                           consolidated financial statements herein.

          Laporan arus kas konsolidasian yang disajikan                         The consolidated statements of cash flows
          dengan menggunakan metode langsung,                                   which have been presented using the direct
          menyajikan penerimaan dan pengeluaran kas                             method, present receipts and disbursements
          dan setara kas yang diklasifikasikan ke dalam                         of cash and cash equivalents classified into
          aktivitas operasi, investasi dan pendanaan.                           operating, investing and financing activities.

          Kebijakan akuntansi yang diterapkan oleh                              The accounting policies adopted by the
          Perusahaan dan entitas anak (selanjutnya                              Company and its subsidiaries ((collectively
          secara kolektif dirujuk sebagai “Grup") adalah                        referred to as the “Group”) are consistently
          selaras bagi tahun yang dicakup oleh laporan                          applied for the years covered by the
          keuangan konsolidasian, kecuali untuk standar                         consolidated financial statements, except for
          akuntansi revisi seperti diungkapkan pada                             the revised accounting standards as disclosed
          bagian berikut Catatan ini.                                           in the following paragraphs of this Note.

          Grup telah menyusun laporan keuangan                                  The Group has prepared the consolidated
          konsolidasian dengan dasar bahwa Grup akan                            financial statements on the basis that it will
          mempertahankan kelangsungan usaha.                                    continue as a going concern.




                                                             12
Page 214
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     b.   Perubahan Kebijakan Akuntansi                                b.     Changes in Accounting Policies

          Grup menerapkan pertama kali standar yang                          The Group made first time adoption of the
          direvisi yang berlaku efektif untuk periode yang                   revised standards effective for the periods
          dimulai pada atau setelah 1 Januari 2023                           beginning on or after January 1, 2023 as
          sebagai berikut:                                                   follows:

          Amandemen Pernyataan Standar Akuntansi                             Amendment of Statements of Financial
          Keuangan (“PSAK”) 1: Penyajian Laporan                             Accounting     Standards   (“PSAK”) 1:
          Keuangan -    Pengungkapan Kebijakan                               Presentation of Financial Statement -
          Akuntansi                                                          Disclosure of Accounting Policies

          Amandemen ini memberikan panduan untuk                             This amendments provide guidance to help
          membantu entitas menerapkan pertimbangan                           entities apply materiality judgements to
          materialitas dalam pengungkapan kebijakan                          accounting       policy      disclosures.      The
          akuntansi. Amandemen tersebut bertujuan untuk                      amendments aim to help entities provide
          membantu entitas menyediakan pengungkapan                          accounting policy disclosures that are more
          kebijakan akuntansi yang lebih berguna dengan                      useful by replacing the requirement for entities
          mengganti persyaratan dalam mengungkapkan                          to disclose their ‘significant’ accounting policies
          kebijakan akuntansi 'signifikan' entitas menjadi                   with a requirement to disclose their ‘material’
          persyaratan untuk mengungkapkan kebijakan                          accounting policies and adding guidance on
          akuntansi 'material' entitas dan menambahkan                       how entities apply the concept of materiality in
          panduan tentang bagaimana entitas menerapkan                       making decisions about accounting policy
          konsep materialitas dalam membuat keputusan                        disclosures.
          tentang pengungkapan kebijakan akuntansi.

          Amandemen      tersebut   berdampak      pada                      The amendments have had an impact on the
          pengungkapan kebijakan akuntansi Grup, namun                       Group’s disclosures of accounting policies, but
          tidak berdampak pada pengukuran, pengakuan                         not on the measurement, recognition or
          atau penyajian pos apapun dalam laporan                            presentation of any items in the Group’s
          keuangan konsolidasian Grup.                                       consolidated financial statements.

          Amendemen PSAK 16: Aset Tetap - Hasil                              Amendment of PSAK 16: Fixed Assets -
          sebelum Penggunaan yang Diintensikan                               Proceeds before Intended Use

          Amandemen ini tidak memperbolehkan entitas                         The amendment prohibit entities from
          untuk mengurangi suatu hasil penjualan item yang                   deducting from the cost of an item of fixed
          diproduksi saat membawa aset tersebut ke lokasi                    assets, any proceeds from selling items
          dan kondisi yang diperlukan supaya aset dapat                      produced while bringing that asset to the
          beroperasi sesuai dengan intensi manajemen dari                    location and condition necessary for it to be
          biaya perolehan suatu aset tetap. Sebaliknya,                      capable of operating in the manner intended by
          entitas mengakui hasil dari penjualan item-item                    management. Instead, an entity recognizes the
          tersebut, dan biaya untuk memproduksi item-item                    proceeds from selling such items, and the costs
          tersebut, dalam laba rugi.                                         of producing those items, in the profit or loss.




                                                             13
Page 215
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                            PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     b.   Perubahan Kebijakan Akuntansi (lanjutan)                      b.   Changes     in            Accounting            Policies
                                                                             (continued)

          Amendemen PSAK 16: Aset Tetap - Hasil                              Amendment of PSAK 16: Fixed Assets -
          sebelum Penggunaan yang Diintensikan                               Proceeds before Intended Use (continued)
          (lanjutan)

          Grup menerapkan amandemen tersebut secara                          The Group applies the amendments
          retrospektif hanya untuk aset tetap yang dibuat                    retrospectively only to items of fixed assets
          supaya aset siap digunakan pada atau setelah                       made available for use on or after the beginning
          awal periode penyajian paling awal ketika entitas                  of the earliest period presented when the entity
          pertama kali menerapkan amandemen tersebut.                        first applies the amendment.

          Amandemen ini tidak berdampak pada laporan                         The amendment had no impact on the
          keuangan konsolidasian karena tidak relevan                        consolidated financial statements since they
          dengan kegiatan usaha Grup.                                        are not relevant to the operations of the Group.

          Amandemen PSAK 25: Kebijakan Akuntansi,                            Amendment of PSAK 25: Accounting
          Perubahan     Estimasi     Akuntansi,   dan                        Policies, Changes in Accounting Estimates
          Kesalahan - Definisi Estimasi Akuntansi                            and Errors - Definition of Accounting
                                                                             Estimates

          Amandemen PSAK 25 memperjelas perbedaan                            The amendments to PSAK 25 clarify the
          antara perubahan estimasi akuntansi, perubahan                     distinction between changes in accounting
          kebijakan akuntansi dan koreksi kesalahan.                         estimates, changes in accounting policies and
          Amandemen juga mengklarifikasi bagaimana                           the correction of errors. They also clarify how
          entitas menggunakan teknik pengukuran dan                          entities use measurement techniques and
          masukan (input) untuk mengembangkan estimasi                       inputs to develop accounting estimates.
          akuntansi.

          Amandemen ini tidak memiliki dampak terhadap                       This amendment had no impact on the Group’s
          laporan keuangan konsolidasian Grup.                               consolidated financial statements.

          Amandemen PSAK 46: Pajak Penghasilan -                             Amendment of PSAK 46: Income Taxes -
          Pajak Tangguhan Terkait Aset dan Liabilitas                        Deferred Tax related to Assets and
          Yang Timbul Dari Transaksi Tunggal                                 Liabilities arising from a Single Transaction

          Amandemen PSAK 46 mempersempit ruang                               The amendments to PSAK 46 narrow the
          lingkup pengecualian pengakuan awal, sehingga                      scope of the initial recognition exception, so
          tidak lagi berlaku pada transaksi yang                             that it no longer applies to transactions that give
          menimbulkan perbedaan temporer           dapat                     rise to equal taxable and deductible temporary
          dikurangkan dalam jumlah yang sama dan                             differences       such      as     leases      and
          perbedaan temporer kena pajak dan seperti sewa                     decommissioning liabilities.
          dan liabilitas dekomisioning.




                                                              14
Page 216
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                            PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     b.   Perubahan Kebijakan Akuntansi (lanjutan)                      b.   Changes     in            Accounting            Policies
                                                                             (continued)

          Amandemen PSAK 46: Pajak Penghasilan -                             Amendment of PSAK 46: Income Taxes -
          Pajak Tangguhan Terkait Aset dan Liabilitas                        Deferred Tax related to Assets and
          Yang Timbul Dari Transaksi Tunggal (lanjutan)                      Liabilities arising from a Single Transaction
                                                                             (continued)

          Amandemen ini tidak mempunyai dampak                               This amendment had no impact on the Group’s
          terhadap laporan keuangan konsolidasian Grup.                      consolidated financial statements.

          Amandemen PSAK 46: Pajak Penghasilan -                             Amendment of PSAK 46: Income Taxes -
          Reformasi Pajak Internasional - Ketentuan                          International Tax Reform - Pillar Two Model
          Model Pilar Dua                                                    Rules

          Amandemen PSAK 46 ini diperkenalkan sebagai                        The amendments to PSAK 46 have been
          tanggapan terhadap aturan Model Pilar Dua yang                     introduced in response to the Pillar Two Rules,
          diterbitkan oleh Organisasi Kerjasama dan                          issued by Organization for Economic Co-
          Pengembangan Ekonomi atau Organization for                         operation and Development (OECD), and
          Economic Co-operation and Development                              include:
          (“OECD”), dan mencakup:
          1. Pengecualian        atas   pengakuan       dan                  1.   An exception to the recognition and
               pengungkapan informasi mengenai aset dan                           disclosure of deferred taxes related to the
               liabilitas pajak tangguhan terkait dengan                          Pillar Two income taxes; and
               pajak penghasilan Pilar Dua; dan
          2. Persyaratan pengungkapan bagi entitas yang                      2.   Disclosure requirements for affected
               terkena dampak untuk membantu pengguna                             entities to help users of the financial
               laporan keuangan lebih memahami eksposur                           statements better understand an entity’s
               entitas terhadap pajak penghasilan Pilar Dua                       exposure to Pillar Two income taxes
               yang timbul dari undang-undang tersebut,                           arising from that legislation, particularly
               terutama sebelum tanggal berlakunya                                before its effective date.
               undang-undang tersebut.

          Pengecualian tersebut - yang penggunaannya                         The exception - the use of which is required to
          harus diungkapkan - segera berlaku saat                            be disclosed - applies immediately upon the
          penerbitan     amandemen       ini. Persyaratan                    issue of these amendments. The remaining
          pengungkapan lainnya berlaku untuk periode                         disclosure requirements apply for annual
          pelaporan tahunan yang dimulai pada atau                           reporting periods beginning on or after January
          setelah 1 Januari 2023, namun tidak untuk                          1, 2023, but not for any interim periods ending
          periode interim yang berakhir pada atau sebelum                    on or before December 31, 2023.
          31 Desember 2023.

          Pada tanggal 31 Desember 2023, Perundang-                          As of December 31, 2023, the Pillar Two
          undangan terkait pajak penghasilan Pilar Dua                       income taxes legislation has not yet been
          belum diberlakukan atau secara substantif belum                    enacted or has not yet substantively enacted in
          diberlakukan di Indonesia tempat Grup                              Indonesia where the Group operates.
          beroperasi. Oleh karena itu, Grup masih dalam                      Therefore, the Group is still in the process of
          proses melakukan penilaian atas potensi                            assessing the potential exposure to Pillar Two
          eksposur pajak penghasilan Pilar Dua. Potensi                      income taxes. The potential exposure, if any, to
          eksposur pajak penghasilan Pilar Dua, jika ada,                    Pillar Two income taxes is currently not known
          saat ini tidak diketahui atau dapat diperkirakan                   or reasonably estimable.
          secara wajar.




                                                              15
Page 217
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

     c.   Dasar   Penyajian        Laporan      Keuangan                 c.    Basis of Presentation of Consolidated
          Konsolidasian                                                        Financial Statements

          Laporan keuangan konsolidasian meliputi                              The      consolidated financial       statements
          laporan keuangan Perusahaan dan entitas-                             comprise the financial statements of the
          entitas anak. Kendali diperoleh bila Grup                            Company and its subsidiaries. Control is
          terekspos atau memiliki hak atas imbal hasil                         achieved when the Group is exposed, or has
          variabel dari keterlibatannya dengan investee                        rights, to variable returns from its involvement
          dan memiliki kemampuan untuk mempengaruhi                            with the investee and has the ability to affect
          imbal hasil tersebut melalui kekuasaannya atas                       those returns through its power over the
          investee.                                                            investee.

          Dengan demikian, investor mengendalikan                              Thus, the Group controls an investee if and
          investee, jika dan hanya jika, investor memiliki                     only if the Group has all of the following:
          seluruh hal berikut ini:                                             i) Power over the investee, that is existing
          i) Kekuasaan atas investee, yaitu hak yang ada                          rights that give the Group current ability to
               saat ini yang memberi investor kemampuan                           direct the relevant activities of the investee,
               kini untuk mengarahkan aktivitas relevan dari
               investee,                                                       ii) Exposure, or rights, to variable returns from
          ii) Eksposur atau hak atas imbal hasil variabel                           its involvement with the investee, and
               dari keterlibatannya dengan investee, dan                       iii) The ability to use its power over the
          iii) Kemampuan           untuk     menggunakan                            investee to affect its returns.
               kekuasaannya        atas  investee     untuk
               mempengaruhi jumlah imbal hasil.

          Bila Grup tidak memiliki hak suara atau hak                          When the Group has less than a majority of the
          serupa secara mayoritas atas suatu investee,                         voting or similar rights of an investee, the
          Grup mempertimbangkan semua fakta dan                                Group considers all relevant facts and
          keadaan yang relevan dalam mengevaluasi                              circumstances in assessing whether it has
          apakah mereka memiliki kekuasaan atas                                power over an investee, including:
          investee, termasuk:
          i) Pengaturan kontraktual dengan pemilik hak                         i)   The contractual arrangement with the other
               suara lainnya dari investee,                                         vote holders of the investee,
          ii) Hak yang timbul atas pengaturan kontraktual                      ii) Rights arising from other contractual
               lain, dan                                                            arrangements, and
          iii) Hak suara dan hak suara potensial yang                          iii) The Group's voting rights and potential
               dimiliki Grup.                                                       voting rights.

          Grup menilai kembali apakah mereka                                   The Group re-assesses whether or not it
          mengendalikan investee bila fakta dan keadaan                        controls an investee if facts and circumstances
          mengindikasikan adanya perubahan terhadap                            indicate that there are changes to one or more
          satu atau lebih dari ketiga elemen dari                              of the three elements of control. Consolidation
          pengendalian. Konsolidasi atas entitas-entitas                       of a subsidiary begins when the Group obtains
          anak dimulai sejak Grup memperoleh                                   control over the subsidiary and ceases when
          pengendalian atas entitas anak dan berakhir                          the Group loses control of the subsidiary.
          pada saat Grup kehilangan pengendalian atas                          Assets, liabilities, income and expenses of a
          entitas anak. Aset, liabilitas, penghasilan dan                      subsidiary acquired during the year are
          beban dari entitas anak yang diakuisisi pada                         included in the consolidated financial
          tahun tertentu disertakan dalam laporan                              statements from the date the Group gains
          keuangan konsolidasian sejak tanggal Grup                            control until the date the Group ceases to
          memperoleh kendali sampai tanggal Grup tidak                         control the subsidiary.
          lagi mengendalikan entitas anak tersebut.




                                                               16
Page 218
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     c.   Dasar   Penyajian     Laporan        Keuangan                 c.    Basis of of Presentation of Consolidated
          Konsolidasian (lanjutan)                                            Financial Statements (continued)

          Seluruh laba rugi dan setiap komponen                               Profit or loss and each component of other
          penghasilan      komprehensif     lain   (“PKL”)                    comprehensive income (“OCI”) are attributed
          diatribusikan pada pemilik entitas induk dan                        to the equity holders of the parent of the Group
          pada kepentingan non-pengendali (“KNP”),                            and to the non-controlling interests (“NCI”),
          walaupun hal ini akan menyebabkan saldo KNP                         even if this results in the NCI having a deficit
          yang defisit. Bila dipandang perlu, penyesuaian                     balance. When necessary, adjustments are
          dilakukan terhadap laporan keuangan entitas                         made to the financial statements of
          anak untuk diselaraskan dengan kebijakan                            subsidiaries to bring their accounting policies
          akuntansi Grup.                                                     into line with the Group’s accounting policies.

          Seluruh aset dan liabilitas, ekuitas, penghasilan                   All intra-group assets and liabilities, equity,
          dan beban dan arus kas atas transaksi antar                         income, expenses and cash flows relating to
          anggota Grup dieliminasi sepenuhnya pada saat                       transactions between members of the Group
          konsolidasi.                                                        are eliminated in full on consolidation.

          Perubahan dalam bagian kepemilikan entitas                          A change in the parent’s ownership interest in
          induk pada entitas anak yang tidak                                  a subsidiary, without loss of control, is
          mengakibatkan hilangnya pengendalian, dicatat                       accounted for as an equity transaction. If the
          sebagai transaksi ekuitas. Bila kehilangan                          Group loses control over a subsidiary, it
          pengendalian atas suatu entitas anak, maka                          derecognizes the related assets (including
          Grup menghentikan pengakuan atas aset                               goodwill), liabilities, NCI and other component
          (termasuk goodwill), liabilitas, KNP dan                            of equity, while any resultant gain or loss is
          komponen lain dari ekuitas terkait, sementara                       recognized in the profit or loss. Any investment
          rugi atau laba yang dihasilkan diakui pada laba                     retained is recognized at fair value.
          rugi. Bagian dari investasi yang tersisa diakui
          pada nilai wajar.

     d.   Klasifikasi Lancar dan Tak Lancar                             d.    Current and Non-Current Classification
          Grup menyajikan aset dan liabilitas dalam                           The Group presents assets and liabilities in
          laporan     posisi     keuangan   konsolidasian                     the statement of financial position based on
          berdasarkan klasifikasi lancar atau tak lancar                      current or non-current classification. An asset
          dan jangka pendek atau panjang. Suatu aset                          is current when it is:
          disajikan lancar bila:
          i) akan direalisasi, dijual atau dikonsumsi                         i)   expected to be realized or intended to be
               dalam siklus operasi normal,                                        sold or consumed in the normal operating
                                                                                   cycle,
          ii) untuk diperdagangkan,                                           ii) held primarily for the purpose of trading,
          iii)akan direalisasi dalam 12 bulan setelah                         iii) expected to be realized within 12 months
              tanggal pelaporan, atau                                              after the reporting period, or
          iv) kas atau setara kas kecuali yang dibatasi                       iv) cash or cash equivalent unless restricted
              penggunaannya atau akan digunakan untuk                              from being exchanged or used to settle a
              melunasi suatu liabilitas dalam paling                               liability for at least 12 months after the
              lambat 12 bulan setelah tanggal pelaporan.                           reporting period.

          Seluruh aset lain diklasifikasikan sebagai tidak                    All other assets are classified as non-current.
          lancar.




                                                              17
Page 219
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)
     d.   Klasifikasi Lancar dan Tak Lancar (lanjutan)                   d.    Current and Non-Current Classification
                                                                               (continued)
          Suatu liabilitas disajikan lancar bila:                              A liability is current when it is:
          i) akan dilunasi dalam siklus operasi normal,                        i) expected to be settled in the normal
                                                                                    operating cycle,
          ii) untuk diperdagangkan,                                            ii) held primarily for the purpose of trading,
          iii)akan dilunasi dalam 12 bulan setelah                             iii) due to be settled within 12 months after the
              tanggal pelaporan, atau                                               reporting period, or
          iv) tidak ada hak tanpa syarat untuk                                 iv) there is no unconditional right to defer the
              menangguhkan pelunasannya dalam paling                                settlement of the liability for at least 12
              lambat 12 bulan setelah tanggal pelaporan.                            months after the reporting period.

          Seluruh liabilitas lain diklasifikasikan sebagai                     All other liabilities are classified as non-
          tidak lancar.                                                        current.

          Aset      dan    liabilitas pajak     tangguhan                      Deferred tax assets and liabilities are
          diklasifikasikan sebagai aset dan liabilitas tidak                   classified as non-current assets and liabilities.
          lancar.

     e.   Transaksi dan Saldo dalam Mata Uang Asing                      e.    Foreign Currency              Transactions          and
                                                                               Balances

          Mata uang pelaporan yang digunakan pada                              The reporting currency used in the
          laporan keuangan konsolidasian adalah Dolar                          consolidated financial statements is United
          Amerika Serikat (“Dolar AS” atau AS$), yang                          States Dollar (“US Dollar” or US$), which is the
          juga merupakan mata uang fungsional                                  functional currency of the Company,
          Perusahaan, Archipelago Resources Pte. Ltd                           Archipelago Resources Pte. Ltd (“ARPTE”),
          (“ARPTE”), PT Meares Soputan Mining (“MSM”)                          PT Meares Soputan Mining (“MSM”) and PT
          dan PT Tambang Tondano Nusajaya (“TTN”).                             Tambang Tondano Nusajaya (“TTN”). The
          Mata uang fungsional PT Karya Kreasi Mulia                           functional currencies of PT Karya Kreasi Mulia
          (“KKM”), PT Elang Mulia Abadi Sempurna                               (“KKM”), PT Elang Mulia Abadi Sempurna
          (“EMAS”) dan PT Jasa Pertambangan Perkasa                            (“EMAS”) and        PT Jasa Pertambangan
          (“JPP”) adalah Rupiah. Tiap entitas dalam Grup                       Perkasa (“JPP”) are Rupiah. Each entity in the
          menentukan mata uang fungsionalnya masing-                           Group determines its own functional currency
          masing dan laporan keuangannya masing-                               and their financial statements are measured
          masing diukur menggunakan mata uang                                  using that functional currency.
          fungsional tersebut.

          Transaksi dalam mata uang asing dicatat dalam                        Transactions involving foreign currencies are
          Dolar AS berdasarkan kurs yang berlaku pada                          recorded in US Dollar at the rates of exchange
          saat transaksi dilakukan. Pada tanggal                               prevailing at the time the transactions are
          pelaporan, aset dan liabilitas moneter dalam                         made. At the reporting date, monetary assets
          mata uang asing dijabarkan ke dalam mata uang                        and liabilities denominated in foreign
          fungsional berdasarkan rata-rata kurs jual dan                       currencies are translated to the functional
          beli yang diterbitkan oleh Bank Indonesia pada                       currency based on the average of the selling
          tanggal transaksi perbankan terakhir pada tahun                      and buying rates of exchange prevailing at the
          yang bersangkutan, dan laba atau rugi kurs yang                      last banking transaction date of the year,
          timbul, dikreditkan atau dibebankan pada operasi                     published by Bank Indonesia, and any
          tahun berjalan.                                                      resulting gains or losses are credited or
                                                                               charged to operations of the current year.




                                                               18
Page 220
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.


              PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     e.   Transaksi dan Saldo dalam Mata Uang Asing                   e.     Foreign Currency Transactions                      and
          (lanjutan)                                                         Balances (continued)

          Pada tanggal 31 Desember 2023 dan 2022 nilai                       As of December 31, 2023 and 2022 the
          tukar yang digunakan untuk AS$1 adalah:                            exchange rates used for US$1 were:

                                                 2023             2022

          1.000 Rupiah                              0,0649                 0,0636                                  1,000 Rupiah
          1 Dolar Australia                         1,4600                 1,4900                             1 Australian Dollar
          1 Dolar Singapura                         1,3200                 1,3500                             1 Singapore Dollar

          Menteri Keuangan, dalam surat keputusan                             The Ministry of Finance, in decision letter
          No.       KEP-1859/WPJ.04/2014        tanggal                       No.       KEP-1859/WPJ.04/2014           dated
          28 November 2014, menyetujui permohonan                             November 28, 2014, approved the
          Perusahaan       untuk     menyelenggarakan                         Company’s application to maintain its books
          pembukuan dengan menggunakan bahasa                                 in English and in US Dollar starting with fiscal
          Inggris dan satuan mata uang Dolar AS berlaku                       year 2015.
          mulai tahun buku 2015.

          Untuk tujuan konsolidasi, akun KKM, EMAS dan                       For consolidation purposes, the accounts of
          JPP dijabarkan ke dalam Dolar AS dengan                            KKM, EMAS and JPP are translated into US
          menggunakan dasar sebagai berikut:                                 Dollar using the following basis:
          i)   Aset dan kewajiban, baik moneter maupun                       i) Assets and liabilities, both monetary and
               non     moneter,     dijabarkan    dengan                         non-monetary, are translated using the
               menggunakan kurs penutupan.                                       closing rate of exchange.
          ii) Pendapatan dan beban dijabarkan dengan                         ii) Revenues and expenses are translated
               menggunakan kurs tanggal transaksi, atau                          using transactions date exchange rate, or if
               jika berlaku, kurs rata-rata untuk tahun                          applicable, average rate for the year.
               berjalan.
          iii) Selisih kurs yang dihasilkan disajikan                        iii) The resulting exchange difference is
               sebagai “Pendapatan Komprehensif Lain -                            presented as ”Other Comprehensive
               Selisih Kurs atas Penjabaran Laporan                               Income - Exchange Differences on
               Keuangan Entitas Anak” pada bagian                                 Translation of Subsidiaries’ Financial
               ekuitas sampai pelepasan investasi bersih.                         Statements” in the equity section until the
                                                                                  disposal of the net investment.

     f.   Kas dan Setara Kas                                          f.     Cash and Cash Equivalents

          Kas dan setara kas terdiri atas kas dan bank                       Cash and cash equivalents comprised of cash
          serta deposito jangka pendek yang jatuh tempo                      on hand and in banks and short-term deposits
          dalam waktu 3 bulan atau kurang, yang dapat                        with maturity of three (3) months or less, that
          segera dapat dikonversikan menjadi kas dalam                       are readily convertible to a known amount of
          jumlah yang ditentukan dan memiliki risiko                         cash and subject to an insignificant risk of
          perubahan nilai yang tidak signifikan.                             changes in value.

     g.   Kas yang Dibatasi Penggunaannya                             g.     Restricted Cash

          Kas yang dibatasi penggunaannya dinyatakan                         Restricted cash is stated at nominal value and
          sebesar   nilai  nominal   dan  ditentukan                         the purpose is restricted only for repayment of
          penggunaannya untuk pembayaran utang bank                          bank loans and mine closure guarantee.
          dan jaminan penutupan tambang.




                                                            19
Page 221
                                                                     The original consolidated financial statements included herein are in
                                                                                                                the Indonesian language.


              PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

     h.   Instrumen Keuangan                                              h. Financial Instruments

          Instrumen keuangan adalah setiap kontrak yang                      A financial instrument is any contract that gives
          memberikan aset keuangan bagi satu entitas dan                     rise to a financial asset of one entity and a
          liabilitas keuangan atau ekuitas bagi entitas lain.                financial liability or equity instrument of another
                                                                             entity.

          Aset Keuangan                                                      Financial Assets

          Pengakuan dan Pengukuran Awal                                      Initial Recognition and Measurement

          Pada pengakuan awal, Grup mengukur aset                            At initial recognition, the Group measures a
          keuangan pada nilai wajarnya ditambah biaya                        financial asset at its fair value plus transaction
          transaksi, dalam hal aset keuangan tidak diukur                    costs, in the case of a financial asset not at fair
          dalam nilai wajar melalui laba rugi (“NWLR”).                      value through profit or loss (“FVTPL”). Trade
          Piutang usaha yang tidak mengandung                                receivables that do not contain a significant
          komponen pembiayaan yang signifikan, dimana                        financing component, for which the Group has
          Grup telah menerapkan cara praktis, diukur pada                    applied the practical expedient are measured
          harga transaksi yang ditentukan sesuai PSAK                        at the transaction price determined under
          72.                                                                PSAK 72.

          Agar aset keuangan diklasifikasikan dan diukur                     In order for a financial asset to be classified
          pada biaya perolehan diamortisasi atau nilai                       and measured at amortized cost or fair value
          wajar melalui penghasilan komprehensif lain                        through    other    comprehensive      income
          (“NWPKL”), aset keuangan harus menghasilkan                        (“FVOCI”), it needs to give rise to cash flows
          arus kas yang semata-mata dari pembayaran                          that are ‘solely payments of principal and
          pokok dan bunga (“SPPB”) dari pokok belum                          interest (“SPPI”)’ on the principal amount
          dilunasi. Penilaian ini disebut uji SPPB dan                       outstanding. This assessment is referred to as
          dilakukan pada tingkat instrumen.                                  SPPI test and is performed at an instrument
                                                                             level.

          Model bisnis Grup untuk mengelola aset                             The Group’s business model for managing
          keuangan mengacu pada bagaimana mereka                             financial assets refers to how it manages its
          mengelola     aset     keuangannya        untuk                    financial assets in order to generate cash
          menghasilkan    arus    kas. Model        bisnis                   flows. The business model determines whether
          menentukan apakah arus kas akan dihasilkan                         cash flows will result from collecting
          dari pendapatan arus kas kontraktual, penjualan                    contractual cash flows, selling the financial
          aset keuangan, atau keduanya.                                      assets, or both.




                                                                20
Page 222
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.


              PT ARCHI INDONESIA TBK                                          PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                            (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                       unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     h.   Instrumen Keuangan (lanjutan)                               h. Financial Instruments (continued)

          Aset Keuangan (lanjutan)                                       Financial Assets (continued)

          Pengukuran Selanjutnya                                         Subsequent Measurement

          Untuk tujuan pengukuran selanjutnya, aset                      For purposes of subsequent measurement,
          keuangan diklasifikasikan dalam empat kategori:                financial assets are classified in four
                                                                         categories:
             Aset keuangan pada biaya perolehan                             Financial assets at amortized cost (debt
              diamortisasi (instrumen utang),                                 instruments),
             Aset keuangan pada NWPKL dengan daur                           Financial assets at FVOCI with recycling
              ulang keuntungan dan kerugian kumulatif                         of cumulative gains and losses (debt
              (instrumen utang),                                              instruments),
             Aset keuangan yang ditetapkan pada                           Financial assets designated at FVOCI
              NWPKL tanpa daur ulang keuntungan dan                            with no recycling of cumulative gains and
              kerugian kumulatif setelah penghentian                           losses upon derecognition (equity
              pengakuan (instrumen ekuitas), dan                               instruments), and
             NWLR                                                         FVTPL

          Pengukuran selanjutnya dari aset keuangan                      The subsequent measurement of financial
          tergantung kepada klasifikasi masing-masing                    assets depends on their classification as
          seperti berikut ini:                                           described below:

          Aset keuangan pada biaya             perolehan                 Financial assets at amortized cost (debt
          diamortisasi (instrumen utang)                                 instruments)

          Grup mengukur aset keuangan yang diukur                        The Group measures financial assets at
          dengan biaya perolehan diamortisasi jika kedua                 amortised cost if both of the following
          kondisi berikut terpenuhi:                                     conditions are met:
           Aset keuangan dimiliki dalam model bisnis                        The financial asset is held within
              dengan tujuan untuk memiliki aset                               a business model with the objective to
              keuangan dalam rangka mendapatkan arus                          hold financial assets in order to collect
              kas kontraktual, dan                                            contractual cash flows, and
             Persyaratan kontraktual dari aset keuangan                     The contractual terms of the financial
              menghasilkan arus kas pada tanggal                              asset give rise on specified dates to cash
              tertentu yang merupakan SPPB dari jumlah                        flows that are SPPI on the principal
              pokok terutang.                                                 amount outstanding.

          Aset keuangan yang diukur pada biaya                           Financial assets at amortized cost are
          perolehan diamortisasi selanjutnya diukur                      subsequently measured using the effective
          dengan menggunakan metode suku bunga                           interest (“EIR”) method and are subject to
          efektif (“SBE”) dan menjadi subjek penurunan                   impairment. Gains and losses are recognized
          nilai. Keuntungan dan kerugian diakui dalam                    in profit or loss when the asset is
          laba rugi pada saat aset dihentikan                            derecognized, modified or impaired.
          pengakuannya, dimodifikasi atau diturunkan
          nilainya.




                                                            21
Page 223
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                            PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     h.   Instrumen Keuangan (lanjutan)                                 h. Financial Instruments (continued)

          Aset Keuangan (lanjutan)                                         Financial Assets (continued)

          Pengukuran Selanjutnya (lanjutan)                                Subsequent Measurement (continued)

          Aset keuangan Grup pada biaya perolehan                          The Group’s financial assets at amortized cost
          diamortisasi termasuk piutang usaha dan                          includes trade receivables and other
          piutang lain-lain.                                               receivables.

          Penghentian Pengakuan                                            Derecognition

          Aset keuangan (atau, sesuai dengan                              A financial asset (or, where applicable, a part of
          kondisinya, bagian dari aset keuangan atau                      a financial asset or part of a group of similar
          bagian dari kelompok aset keuangan serupa)                      financial assets) is primarily derecognized (i.e.,
          terutama dihentikan pengakuannya (yaitu,                        removed from the Group’s consolidated
          dihapuskan dari laporan posisi keuangan                         statement of financial position) when:
          konsolidasian Grup) ketika:
          ● Hak untuk menerima arus kas dari aset                          The rights to receive cash flows from the asset
               telah berakhir, atau                                         have expired, or
          ● Grup telah mengalihkan haknya untuk                            The Group has transferred its rights to receive
               menerima arus kas dari aset atau                             cash flows from the asset or has assumed an
               menanggung kewajiban untuk membayar                          obligation to pay the received cash flows in full
               arus kas yang diterima tersebut secara                       without material delay to a third party under a
               penuh tanpa penundaan yang material
                                                                            ‘pass-through’ arrangement; and either (a) the
               kepada      pihak    ketiga    berdasarkan
               kesepakatan pelepasan (pass-through),                        Group has transferred substantially all the risks
               dan salah satu dari (a) Grup telah                           and rewards of the asset, or (b) the Group has
               mengalihkan secara substansial seluruh                       neither transferred nor retained substantially all
               risiko dan manfaat atas aset, atau (b) Grup                  the risks and rewards of the asset, but has
               tidak mengalihkan maupun tidak memiliki                      transferred control of the asset
               secara substansial atas seluruh risiko dan
               manfaat      atas    aset,   tetapi    telah
               mengalihkan kendali atas aset.

          Ketika Grup telah mengalihkan haknya untuk                       When the Group has transferred its rights to
          menerima arus kas dari suatu aset atau telah                     receive cash flows from an asset or has
          menandatangani kesepakatan ‘pass-through’,                       entered into a pass-through arrangement, it
          Grup mengevaluasi jika, dan sejauh mana, Grup                    evaluates if, and to what extent, it has retained
          masih mempertahankan risiko dan manfaat atas                     the risks and rewards of ownership. When it
          kepemilikan aset. Ketika Grup tidak mengalihkan                  has neither transferred nor retained
          maupun tidak memiliki secara substansial                         substantially all of the risks and rewards of the
          seluruh risiko dan manfaat atas aset, maupun                     asset, nor transferred control of the asset, the
          tidak mengalihkan kendali atas aset, Grup tetap                  Group continues to recognize the transferred
          mengakui aset yang dialihkan sebesar                             asset to the extent of its continuing
          keterlibatan berkelanjutannya. Dalam hal                         involvement. In that case, the Group also
          tersebut, Grup juga mengakui liabilitas terkait.                 recognizes an associated liability. The
          Aset yang dialihkan dan liabilitas terkait diukur                transferred asset and the associated liability
          dengan dasar yang mencerminkan hak dan                           are measured on a basis that reflects the rights
          kewajiban yang masih dimiliki Grup.                              and obligations that the Group has retained.




                                                              22
Page 224
                                                                     The original consolidated financial statements included herein are in
                                                                                                                the Indonesian language.


              PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                   POLICIES INFORMATION (continued)

     h.   Instrumen Keuangan (lanjutan)                                   h. Financial Instruments (continued)

          Aset Keuangan (lanjutan)                                           Financial Assets (continued)

          Penghentian Pengakuan (lanjutan)                                   Derecognition (continued)

          Keterlibatan berkelanjutan dalam bentuk                            Continuing involvement that takes the form of
          jaminan atas aset yang ditransfer diukur pada                      a guarantee over the transferred asset is
          nilai yang lebih rendah antara nilai tercatat awal                 measured at the lower of the original carrying
          aset dan jumlah maksimum imbalan yang dapat                        amount of the asset and the maximum amount
          diminta untuk dibayar kembali oleh Grup.                           of consideration that the Group could be
                                                                             required to repay.

          Penurunan Nilai                                                    Impairment

          Grup mengakui penyisihan kerugian kredit                           The Group recognizes an allowance for
          ekspektasian (“KKE”) untuk semua instrumen                         expected credit loss (“ECL”) for all debt
          utang yang bukan pada NWLR dan kontrak                             instruments not held at FVTPL and financial
          jaminan keuangan. KKE ditentukan atas                              guarantee contracts. ECLs are based on the
          perbedaan antara arus kas kontraktual sesuai                       difference between the contractual cash flows
          kontrak dan semua arus kas yang diharapkan                         due in accordance with the contract and all the
          akan diterima oleh Grup, didiskonto pada                           cash flows that the Group expects to receive,
          estimasi SBE awal. Arus kas yang diharapkan                        discounted at an approximation of the original
          mencakup setiap arus kas dari penjualan agunan                     EIR. The expected cash flows include any cash
          yang dimiliki atau peningkatan kredit lainnya                      flows from the sale of collateral held or other
          yang merupakan bagian dari ketentuan kontrak.                      credit enhancements that are integral to the
                                                                             contractual terms.

          KKE diakui dalam dua tahap. Bila belum terdapat                    ECLs are recognized in two stages. When
          peningkatan risiko kredit signifikan sejak                         there have been significant increases in credit
          pengakuan awal, KKE diakui untuk kerugian                          risks since initial recognition, ECLs are
          kredit yang dihasilkan dari peristiwa gagal bayar                  provided for credit losses that result from
          yang mungkin terjadi dalam jangka waktu 12                         default events that are possible within the next
          bulan ke depan (KKE 12 bulan). Namun, bila                         12-months (a 12-month ECL). But, when there
          telah terdapat peningkatan signifikan risiko kredit                have been significant increases in credit risks
          sejak pengakuan awal, penyisihan kerugian                          since initial recognition, a loss allowance is
          diakui untuk kerugian kredit yang diperkirakan                     recognized for credit losses expected over the
          selama sisa umur aset, terlepas dari jangka                        remaining life of the asset, irrespective of
          waktu gagal bayar (KKE sepanjang umurnya).                         timing of the default (a lifetime ECL).

          Karena aset kontrak, piutang usaha dan piutang                     Because its contract assets, trade and other
          lain-lainnya   tidak     memiliki   komponen                       receivables do not contain significant financing
          pembiayaan signifikan, Grup menerapkan                             component, the Group applies a simplified
          pendekatan yang disederhanakan dalam                               approach in calculating ECL. Therefore, the
          perhitungan KKE. Oleh karena itu, Grup tidak                       Group does not track changes in credit risk, but
          menelurusi perubahan dalam risiko kredit,                          instead recognizes a loss allowance based on
          namun justru mengakui penyisihan kerugian                          lifetime ECL at each reporting date. The Group
          berdasarkan KKE sepanjang umurnya pada                             established a provision matrix that is based on
          setiap tanggal pelaporan. Grup membentuk                           its historical credit loss experience, adjusted
          matriks provisi berdasarkan pengalaman                             for forward-looking factors specific to the
          kerugian kredit masa lampau, disesuaikan                           debtors and the economic environment.
          dengan perkiraan masa depan (forward-looking)
          atas faktor yang spesifik untuk debitur dan
          lingkungan ekonomi.



                                                                23
Page 225
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     h.   Instrumen Keuangan (lanjutan)                                 h.    Financial Instruments (continued)

          Liabilitas Keuangan                                                 Financial Liabilities

          Pengakuan dan Pengukuran Awal                                       Initial Recognition and Measurement

          Liabilitas keuangan diklasifikasikan, pada                          Financial liabilities are classified, at initial
          pengakuan awal, sebagai liabilitas keuangan                         recognition, as financial liabilities at FVTPL,
          yang diukur pada NWLR, utang dan pinjaman                           loans and borrowings, or as derivatives
          atau derivatif ditetapkan sebagai instrumen                         designated as hedging instruments in an
          lindung nilai pada lindung nilai yang efektif,                      effective   hedge,     as    appropriate,    as
          sesuai dengan kondisinya.                                           appropriate.
          Semua liabilitas keuangan diakui pada nilai wajar                   All financial liabilities are recognized initially at
          saat pengakuan awal dan, bagi liabilitas                            fair value and, in the case of loans and
          keuangan dalam bentuk utang dan pinjaman,                           borrowings and payables, net of directly
          dicatat pada nilai wajar ditambah biaya transaksi                   attributable transaction costs.
          yang dapat diatribusikan secara langsung.
          Grup menetapkan liabilitas keuangannya                              The Group designated its financial liabilities as
          sebagai utang dan pinjaman, seperti utang bank                      loans and borrowings, such as short-term bank
          jangka pendek, utang usaha dan lain-lain, biaya                     loans, trade and other payables, accrued
          masih harus dibayar, liabilitas imbalan kerja                       expenses, short-term employee benefits
          jangka pendek, utang bank jangka panjang dan                        liability, long-term bank loans and consumer
          utang pembiayaan konsumen.                                          financing loans.

          Pengukuran Selanjutnya                                              Subsequent Measurement
          Pengukuran selanjutnya dari liabilitas keuangan                    The subsequent measurement of financial
          ditentukan oleh klasifikasinya sebagai berikut:                    liabilities depends on their classification as
                                                                             described below:

          Liabilitas keuangan pada biaya perolehan                           Financial liabilities at amortized cost (loans and
          diamortisasi (utang dan pinjaman)                                  borrowings)

          (i) Utang dan Pinjaman Jangka Panjang yang                         (i) Long-term Interest-bearing             Loans       and
              Dikenakan Bunga                                                    Borrowings

             Setelah pengakuan awal, utang dan                                  Subsequent to initial recognition, long-term
             pinjaman jangka panjang yang berbunga                              interest-bearing loans and borrowings are
             diukur pada biaya perolehan yang                                   measured at amortized acquisition costs using
             diamortisasi dengan menggunakan metode                             EIR method. At the reporting dates, accrued
             SBE. Pada tanggal pelaporan, biaya bunga                           interest is recorded separately from the
             yang masih harus dibayar dicatat secara                            associated borrowings within the current
             terpisah, dari pokok pinjaman terkait, dalam                       liabilities section. Gains and losses are
             bagian liabilitas jangka pendek. Keuntungan                        recognized in the profit or loss when the
             dan kerugian diakui pada laba rugi ketika                          liabilities are derecognized as well as through
             liabilitas dihentikan pengakuannya maupun                          the EIR amortization process.
             melalui proses amortisasi menggunakan
             metode SBE.
             Biaya    amortisasi    dihitung    dengan                          Amortized cost is calculated by taking into
             mempertimbangkan setiap diskonto atau                              account any discount or premium on
             premium atas akusisi dan komisi atau biaya                         acquisition and fee or costs that are an integral
             yang merupakan bagian tidak terpisahkan                            part of the EIR. The EIR amortization is
             dari SBE. Amortisasi SBE dicatat sebagai                           included in “Finance costs” in the profit or loss.
             “Beban Keuangan” pada laba rugi.


                                                              24
Page 226
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     h.   Instrumen Keuangan (lanjutan)                                 h.    Financial Instruments (continued)

          Liabilitas Keuangan (lanjutan)                                      Financial Liabilities (continued)

          Pengukuran Selanjutnya (lanjutan)                                   Subsequent Measurement (continued)

          Liabilitas keuangan pada biaya perolehan                           Financial liabilities at amortized cost (loans and
          diamortisasi (utang dan pinjaman)                                  borrowings)

          (ii) Utang dan Akrual                                              (ii) Payables and Accruals

             Liabilitas untuk utang usaha dan utang                             Liabilities for current trade and other accounts
             lain-lain jangka pendek, biaya masih harus                         payable, accrued expenses and short-term
             dibayar dan liabilitas imbalan kerja jangka                        employee benefits liability are stated at
             pendek dinyatakan sebesar jumlah tercatat                          carrying amounts (notional amounts), which
             (jumlah nosional), yang kurang lebih sebesar                       approximate their fair values.
             nilai wajarnya.

          Penghentian Pengakuan                                               Derecognition

          Suatu      liabilitas  keuangan dihentikan                          A financial liability is derecognized when the
          pengakuannya pada saat kewajiban yang                               obligation under the contract is discharged or
          ditetapkan dalam kontrak dihentikan atau                            cancelled or expired.
          dibatalkan atau kedaluwarsa.

          Ketika sebuah liabilitas keuangan ditukar dengan                    When an existing financial liability is replaced
          liabilitas keuangan lain dari pemberi pinjaman                      by another from the same lender on
          yang sama atas persyaratan yang secara                              substantially different terms, or the terms of an
          substansial berbeda, atau bila persyaratan dari                     existing liability are substantially modified,
          liabilitas keuangan tersebut secara substansial                     such an exchange or modification is treated as
          dimodifikasi,    pertukaran    atau    modifikasi                   derecognition of the original liability and
          persyaratan      tersebut     dicatat    sebagai                    recognition of a new liability, and the difference
          penghentian pengakuan liabilitas keuangan awal                      in the respective carrying amounts is
          dan pengakuan liabilitas keuangan baru, dan                         recognized in profit or loss.
          selisih antara nilai tercatat masing-masing
          liabilitas keuangan tersebut diakui dalam laba
          rugi.

          Saling Hapus Instrumen Keuangan                                     Offsetting of Financial Instruments

          Aset keuangan dan liabilitas keuangan disaling                      Financial assets and financial liabilities are
          hapuskan dan nilai netonya disajikan dalam                          offset and the net amount reported in the
          laporan posisi keuangan konsolidasian jika, dan                     consolidated statements of financial position if,
          hanya jika, terdapat hak secara hukum untuk                         and only if, there is a currently enforceable
          melakukan saling hapus atas jumlah tercatat dari                    legal right to offset the recognized amounts
          aset keuangan dan liabilitas keuangan tersebut                      and there is an intention to settle on a net
          dan terdapat intensi untuk menyelesaikan secara                     basis, or to realize the assets and settle the
          neto, atau untuk merealisasikan aset dan                            liabilities simultaneously.
          menyelesaikan liabilitas secara bersamaan.




                                                              25
Page 227
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

     i.   Transaksi dengan Pihak Berelasi                                i.    Transactions with Related Parties

          Grup mempunyai transaksi dengan pihak                                The Group has transactions with related
          berelasi, dengan definisi yang diuraikan pada                        parties, as defined in PSAK 7, “Related Party
          PSAK 7, “Pengungkapan Pihak-pihak Berelasi”.                         Disclosures”.

          Transaksi dengan pihak berelasi ini dilakukan                        These transactions with related parties are
          berdasarkan persyaratan yang disetujui oleh                          made based on terms agreed by the parties,
          kedua belah pihak, yang mungkin tidak sama                           which may not be the same as those of the
          dengan transaksi lain yang dilakukan dengan                          transactions between unrelated parties.
          pihak-pihak yang tidak berelasi.

          Seluruh transaksi dan saldo yang material                            All significant transactions and balances with
          dengan pihak-pihak berelasi diungkapkan                              related parties are disclosed in the relevant
          dalam catatan atas laporan keuangan                                  Notes herein.
          konsolidasian yang relevan.

          Kecuali diungkapkan khusus sebagai pihak                             Unless specifically identified as related parties,
          berelasi, maka pihak-pihak lain yang disebutkan                      the parties disclosed in the Notes to the
          dalam Catatan atas laporan keuangan                                  consolidated     financial     statements     are
          konsolidasian merupakan pihak tidak berelasi.                        unrelated parties.

     j.   Persediaan                                                     j.    Inventories

          Persediaan diukur sebesar nilai yang lebih                           Inventories are valued at the lower of cost or
          rendah antara biaya perolehan atau nilai realisasi                   net realizable value. Cost is calculated using
          neto. Biaya perolehan ditentukan dengan                              the weighted-average method.
          menggunakan metode rata-rata tertimbang.

          Biaya yang dikeluarkan untuk setiap produk agar                       Costs incurred in bringing each product to its
          berada pada lokasi dan kondisi siap untuk dijual                      present location and condition are accounted
          dicatat sebagai berikut:                                              for as follow:
           i. Bahan baku, suku cadang dan bahan                                 i. Raw materials, spare parts and factory
              pembantu: harga pembelian;                                            supplies: purchase cost;
          ii. Barang jadi dan persediaan dalam proses:                         ii. Finished goods and work in-process: cost
              biaya bahan baku dan tenaga kerja langsung                             of direct materials and labor and a
              dan bagian proporsional dari beban overhead                            proportion of manufacturing overheads
              berdasarkan kapasitas operasi normal namun                             based on normal operating capacity but
              tidak termasuk biaya pinjaman.                                         excluding borrowing costs.

          Nilai realisasi neto adalah estimasi harga jual                      Net realizable value is the estimated selling
          dalam kegiatan usaha normal dikurangi estimasi                       price in the ordinary course of business, less
          biaya penyelesaian dan estimasi biaya yang                           estimated costs of completion and the
          diperlukan untuk melakukan penjualan.                                estimated costs necessary to make the sale.




                                                               26
Page 228
                                                                     The original consolidated financial statements included herein are in
                                                                                                                the Indonesian language.


              PT ARCHI INDONESIA TBK                                                 PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                       FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                             As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                   (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                              unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                   POLICIES INFORMATION (continued)

     j.   Persediaan (lanjutan)                                           j.    Inventories (continued)
          Bijih emas yang telah diangkat dan tersedia                           Gold ore extracted from the mine and
          untuk pengolahan lebih lanjut disusun pada                            available for further processing are arranged
          timbunan persediaan. Bila bijih emas ini                              in stockpiles. When these gold ore stockpiles
          diperkirakan tidak akan diolah dalam waktu                            are estimated will not be processed within 12
          12 bulan setelah tanggal laporan posisi                               months after the consolidated statement of
          keuangan konsolidasian, biaya perolehannya                            financial position date, their costs are
          disajikan sebagai bagian dari aset tidak lancar.                      presented as part of non-current assets. Work
          Persediaan dalam penyelesaian mencakup bijih                          in progress inventory includes gold ore
          emas yang telah diangkat dan tersedia untuk                           stockpiles and other partly processed
          pengolahan lanjutan dan material lain yang                            material. Quantities are assessed primarily
          diolah sebagian. Kuantitas diukur terutama                            through truckings, surveys and assays.
          melalui pengangkutan, survei dan pengujian
          kadar emas.
          Grup menetapkan penyisihan untuk nilai realisasi                      The Group provides allowance for net
          neto persediaan berdasarkan hasil penelaahan                          realizable value of inventories based on
          berkala atas kondisi fisik dan nilai realisasi neto                   periodic reviews of the physical conditions and
          persediaan.                                                           net realizable values of the inventories.

     k.   Pengeluaran Eksplorasi, Evaluasi              dan               k.    Mineral Resources Exploration, Evaluation
          Pengembangan Sumber Daya Mineral                                      and Development Expenditures

          Pengeluaran Sebelum Perolehan Ijin                                    Pre-license Costs

          Pengeluaran yang dilakukan sebelum perolehan                          Pre-license costs are expensed in the period
          ijin penambangan dibebankan pada saat                                 in which they are incurred.
          terjadinya.

          Pengeluaran untuk Eksplorasi dan Evaluasi                             Exploration and Evaluation Expenditures
          Kegiatan eksplorasi dan evaluasi mencakup                             Exploration and evaluation activity involves
          pencarian sumber daya mineral, penentuan                              the search for mineral resources, the
          kelayakan teknik dan penilaian kelayakan                              determination of technical feasibility and the
          komersial dari sumber daya teridentifikasi.                           assessment of commercial viability of an
                                                                                identified resource.




                                                                27
Page 229
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     k.   Pengeluaran Eksplorasi,         Evaluasi dan                  k.    Mineral Resources Exploration, Evaluation
          Pengembangan Sumber             Daya Mineral                        and      Development        Expenditures
          (lanjutan)                                                          (continued)

          Pengeluaran untuk Eksplorasi dan Evaluasi                           Exploration and Evaluation Expenditures
          (lanjutan)                                                          (continued)

          Kegiatan eksplorasi dan evaluasi meliputi, antara                   Exploration and evaluation activity includes
          lain:                                                               among others:
          - Perolehan hak untuk eksplorasi.                                   - Obtaining right to explore.
          - Kajian topografi, geologi, geokimia dan                           - Topography, geology, geochemical and
              geofisika.                                                         geophysical studies.
          - Pengeboran eksplorasi.                                            - Exploratory drilling.
          - Pemaritan.                                                        - Trenching.
          - Pengambilan contoh.                                               - Sampling.
          - Aktivitas yang terkait dengan evaluasi                            - Technical and commercial feasibility on
              kelayakan teknis dan komersial atas                                mining of mineral resource.
              penambangan sumber daya mineral.

          Pengeluaran untuk eksplorasi dan evaluasi                           Exploration and evaluation expenditures are
          dikapitalisasi dan diakui sebagai “Aset                             capitalized and recognized as “Exploration
          Eksplorasi dan Evaluasi” untuk setiap daerah                        and Evaluation Assets” for each area of
          pengembangan (area of interest) apabila izin                        interest when mining rights are obtained and
          pertambangan telah diperoleh dan masih berlaku                      still valid and: (i) the costs are expected to be
          dan: (i) biaya tersebut diharapkan dapat                            recouped through successful development
          diperoleh     kembali   melalui    keberhasilan                     and exploitation of the area of interest, or (ii)
          pengembangan       dan    eksploitasi   daerah                      where activities in the area of interest have not
          pengembangan, atau (ii) apabila kegiatan                            reached the stage that allow a reasonable
          tersebut    belum mencapai tahap yang                               assessment of the existence of economically
          memungkinkan untuk menentukan adanya                                recoverable reserves, and active and
          cadangan terbukti yang secara ekonomis dapat                        significant operations in, or in relation to, the
          diperoleh, serta kegiatan yang aktif dan                            area of interest are continuing. These
          signifikan, dalam daerah pengembangan (area                         expenditures include materials and fuel used,
          of interest) terkait masih berlangsung.                             surveying costs, drilling and stripping costs
          Pengeluaran ini meliputi penggunaan bahan                           before the commencement of production
          pembantu dan bahan bakar, biaya survei, biaya                       stage and payments made to contractors.
          pengeboran dan pengupasan tanah sebelum                             Exploration and evaluation assets are initially
          dimulainya tahap produksi dan pembayaran                            stated at cost. The Group’s Contract of Work
          kepada kontraktor. Aset eksplorasi dan evaluasi                     (“CoW”) area is considered as one area of
          pada pengakuan awal dicatat sebesar harga                           interest for purposes of applying this
          perolehan. Wilayah Kontrak Karya (“KK”) Grup                        accounting policy.
          diperlakukan sebagai satu area of interest
          berkenaan dengan penerapan kebijakan
          akuntansi ini.

          Setelah pengakuan awal, aset eksplorasi dan                         After initial recognition, exploration and
          evaluasi     selanjutnya  diukur      dengan                        evaluation assets are subsequently measured
          menggunakan metode biaya dan diklasifikasikan                       using the cost method and classified as
          sebagai aset berwujud.                                              tangible assets.




                                                              28
Page 230
                                                                  The original consolidated financial statements included herein are in
                                                                                                             the Indonesian language.


              PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     k.   Pengeluaran Eksplorasi,        Evaluasi dan                  k.    Mineral Resources Exploration, Evaluation
          Pengembangan Sumber            Daya Mineral                        and      Development        Expenditures
          (lanjutan)                                                         (continued)

          Pengeluaran untuk Eksplorasi dan Evaluasi                          Exploration and Evaluation Expenditures
          (lanjutan)                                                         (continued)

          Pemulihan aset eksplorasi dan evaluasi                             The ultimate recoupment of deferred
          tergantung pada keberhasilan pengembangan                          exploration and evaluation expenditure is
          dan       eksploitasi    komersial     daerah                      dependent upon successful development and
          pengembangan (area of interest) tersebut. Aset                     commercial exploitation of the related area of
          eksplorasi dan evaluasi diuji untuk penurunan                      interest. Exploration and evaluation assets
          nilai bila fakta dan kondisi mengindikasikan                       shall be assessed for impairment when facts
          bahwa jumlah tercatatnya mungkin melebihi                          and circumstances suggest that the carrying
          jumlah terpulihkannya. Dalam keadaan tersebut,                     amount of an exploration and evaluation asset
          maka entitas harus mengukur, menyajikan dan                        may exceed its recoverable amount. In such a
          mengungkapkan rugi penurunan nilai terkait.                        case, an entity shall measure, present and
                                                                             disclose any resulting impairment loss.

          Ketika kelayakan teknis dan komersial atas                         When technical and commercial feasibility of
          penambangan sumber daya mineral dapat                              mining of mineral resources are demonstrable,
          dibuktikan, aset eksplorasi dan evaluasi                           exploration and evaluation assets are
          direklasifikasi ke      “Tambang     dalam                         reclassified as “Mines under Construction” at
          Pengembangan”      pada    akun    “Properti                       “Mine Properties” account in the consolidated
          Pertambangan” pada laporan posisi keuangan                         statement of financial position.
          konsolidasian.

          Properti Pertambangan                                              Mine Properties

          Biaya untuk Tambang dalam Pengembangan                             Expenditures for Mines under Construction

          Biaya untuk tambang dalam pengembangan dan                         Expenditures for mines under construction and
          biaya-biaya     lain   yang     terkait   dengan                   incorporated costs in developing an area of
          pengembangan suatu area of interest setelah                        interest subsequent to the transfer from
          transfer dari aset eksplorasi dan evaluasi namun                   exploration and evaluation assets but prior to
          sebelum dimulainya tahap produksi pada area                        the commencement of the production stage in
          yang bersangkutan, dikapitalisasi ke “Tambang                      the respective area, are capitalized to “Mines
          dalam Pengembangan” dan disajikan sebagai                          under Construction” and presented as part of
          bagian dari akun “Properti Pertambangan”                           “Mine Properties” account as long as these
          sepanjang memenuhi kriteria kapitalisasi.                          meet the capitalization criteria.

          Biaya untuk Tambang pada Tahap Produksi                            Expenditures for Producing Mines

          Pada saat tambang dalam pengembangan                               Upon completion of mines under construction
          diselesaikan dan tahap produksi dimulai, biaya                     and the production stage has commenced, the
          yang dikapitalisasi pada akun “Tambang dalam                       expenditures capitalized to “Mines under
          Pengembangan” direklasifikasi ke “Tambang                          Construction” account is reclassified to
          pada Tahap Produksi” pada akun “Properti                           “Producing Mines” under the “Mine Properties”
          Pertambangan”, yang dicatat pada nilai                             account, which is stated at cost, less depletion
          perolehan, dikurangi deplesi dan akumulasi                         and accumulated impairment losses.
          penurunan nilai.




                                                             29
Page 231
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.


              PT ARCHI INDONESIA TBK                                             PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                   FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                               (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     k.   Pengeluaran Eksplorasi,        Evaluasi dan                 k.    Mineral Resources Exploration, Evaluation
          Pengembangan Sumber            Daya Mineral                       and      Development        Expenditures
          (lanjutan)                                                        (continued)

          Properti Pertambangan (lanjutan)                                  Mine Properties (continued)

          Biaya untuk Tambang pada Tahap Produksi                           Expenditures for Producing Mines (continued)
          (lanjutan)

          Pengeluaran pengembangan lebih lanjut, setelah                    Further development expenditures, incurred
          dimulainya produksi, dikapitalisasi hanya bila                    after commencement of production, are
          terdapat manfaat ekonomi masa mendatang                           capitalized only when substantial future
          secara substansial, atau pengeluaran tersebut                     economic benefits are established, otherwise,
          dibebankan sebagai bagian dari biaya produksi.                    such expenditure is charged as part of the
                                                                            production costs.

          Amortisasi tambang pada tahap produksi adalah                     Amortization of producing mines is based on
          berdasarkan metode unit produksi sejak area of                    the unit-of-production method from the date of
          interest tersebut telah berproduksi secara                        commercial production of the respective area
          komersial, selama periode waktu yang lebih                        of interest over the shorter of the life of the
          pendek antara umur tambang dan sisa                               mine and the remaining terms of the CoW.
          berlakunya KK.

          Aktivitas Pengupasan Lapisan Tanah                                Stripping Activities

          Aktivitas pengupasan lapisan tanah adalah                         Stripping costs are the costs of removing
          biaya untuk memindahkan overburden dari                           overburden from a mine. Stripping costs
          tambang. Biaya pengupasan lapisan tanah                           incurred in the development of a mine before
          yang timbul pada tahap pengembangan                               production commences are capitalized as part
          tambang sebelum dimulainya tahap produksi                         of the cost of developing the mine, and are
          dikapitalisasi sebagai bagian dari biaya                          subsequently amortized using a unit-of-
          pengembangan tambang, dan disusutkan                              production method.
          menggunakan metode unit produksi.

          Aktivitas pengupasan lapisan tanah yang terjadi                   Stripping activity conducted during the
          selama tahap produksi mungkin memiliki dua                        production phase may provide two benefits: (i)
          manfaat: (i) bijih yang dapat diproses untuk                      ore that is processed into inventory in the
          menjadi persediaan dalam periode berjalan dan                     current period and (ii) improved access to the
          (ii) meningkatkan akses ke badan bijih di                         ore body in future periods. To the extent that
          periode berikutnya. Sepanjang manfaat dari                        benefit from the stripping activity is realized in
          aktivitas pengupasan lapisan tanah dapat                          the form of inventory produced, the Group
          direalisasikan dalam bentuk persediaan yang                       accounts for the costs of that stripping activity
          diproduksi, Grup mencatat biaya atas aktivitas                    in accordance with PSAK 14 “Inventories”.
          pengupasan lapisan tanah sesuai dengan
          PSAK 14 “Persediaan”.




                                                            30
Page 232
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     k.   Pengeluaran Eksplorasi,         Evaluasi dan                  k.    Mineral Resources Exploration, Evaluation
          Pengembangan Sumber             Daya Mineral                        and      Development        Expenditures
          (lanjutan)                                                          (continued)

          Aktivitas    Pengupasan       Lapisan      Tanah                    Stripping Activities (continued)
          (lanjutan)

          Sepanjang manfaat pengupasan lapisan tanah                          To the extent the benefit is improved access to
          pada      tahap     produksi     adalah     untuk                   ore, the Group recognizes these costs as a
          meningkatkan akses menuju bijih, Grup                               stripping activity asset, if, and only if, all the
          mencatat biaya tersebut sebagai aset                                following criteria are met:
          aktivitas pengupasan lapisan tanah jika dan
          hanya jika, seluruh kriteria berikut terpenuhi:
          •    besar kemungkinan bahwa manfaat                                •   it is probable that the future economic
               ekonomis masa depan (peningkatan akses                             benefits (improved access to the ore
               menuju badan bijih) yang terkait dengan                            body) associated with the stripping activity
               aktivitas pengupasan lapisan tanah akan                            will flow to the Group;
               mengalir kepada Grup;
          •    Grup dapat mengidentifikasi komponen                           •   the Group can identify the component of
               badan bijih yang aksesnya telah                                    the ore body for which access has been
               ditingkatkan; dan                                                  improved; and
          •    biaya yang terkait dengan aktivitas                            •   the costs relating to the stripping activity
               pengupasan lapisan tanah atas komponen                             associated with that component can be
               tersebut dapat diukur secara andal.                                measured reliably.

          Aset aktivitas pengupasan lapisan tanah pada                        The stripping activity asset is initially measured
          awalnya diukur pada biaya perolehan, biaya ini                      at cost, which is the accumulation of costs
          merupakan akumulasi dari biaya-biaya yang                           directly incurred to perform the stripping
          secara langsung terjadi untuk melakukan                             activity that improves access to the identified
          aktivitas pengupasan lapisan tanah yang                             component of ore body, plus an allocation of
          meningkatkan akses terhadap komponen                                directly attributable overhead costs.
          badan bijih teridentifikasi, ditambah alokasi
          biaya overhead yang diatribusikan secara
          langsung.

          Jika aktivitas insidentil terjadi pada saat yang                    If incidental activities are occurring at the same
          bersamaan dengan pengupasan lapisan tanah                           time as the production stripping activity, but
          tahap produksi, namun aktivitas insidentil                          are not necessary for the production stripping
          tersebut tidak harus ada untuk melanjutkan                          activity to continue as planned, the costs
          aktivitas     pengupasan        lapisan    tanah                    associated with these incidental activities are
          sebagaimana direncanakan, biaya yang terkait                        not included in the cost of the stripping activity
          dengan aktivitas insidentil tersebut tidak dapat                    asset.
          dimasukkan sebagai biaya perolehan aset
          aktivitas pengupasan lapisan tanah.




                                                              31
Page 233
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     k.   Pengeluaran Eksplorasi,         Evaluasi dan                  k.    Mineral Resources Exploration, Evaluation
          Pengembangan Sumber             Daya Mineral                        and      Development        Expenditures
          (lanjutan)                                                          (continued)

          Aktivitas    Pengupasan       Lapisan      Tanah                    Stripping Activities (continued)
          (lanjutan)

          Ketika biaya perolehan aset aktivitas                               When the costs of the stripping activity asset
          pengupasan lapisan tanah dan persediaan                             and the inventory produced are not separately
          yang diproduksi tidak dapat diidentifikasi secara                   identifiable, the Group allocates the production
          terpisah,     Grup     mengalokasikan       biaya                   stripping asset by using an allocation basis
          pengupasan lapisan tanah dalam tahap                                that is based on a relevant production
          produksi antara persediaan yang diproduksi                          measure. This production measure is
          dan aset aktivitas pengupasan lapisan tanah                         calculated for the identified component of the
          menggunakan dasar alokasi berdasarkan                               ore body, and is used as a benchmark to
          ukuran produksi yang relevan. Ukuran produksi                       identify the extent to which the additional
          tersebut dihitung untuk komponen badan bijih                        activity of creating a future benefit has taken
          teridentifikasi, dan digunakan sebagai patokan                      place. The Group uses the actual versus
          untuk mengidentifikasi sejauh mana aktivitas                        expected volume of waste extracted.
          tambahan yang menciptakan manfaat di masa
          depan telah terjadi. Grup menggunakan volume
          aktual dibandingkan ekspektasi volume sisa
          yang diekstrak.

          Setelah pengakuan awal, aset aktivitas                              Subsequently, the stripping activity asset is
          pengupasan lapisan tanah dicatat menggunakan                        carried at cost less depreciation or
          biaya perolehan dikurangi dengan penyusutan                         amortization and any impairment losses, if
          atau amortisasi dan rugi penurunan nilai, jika                      any. The stripping activity asset is depreciated
          ada. Aset aktivitas pengupasan lapisan tanah                        or amortized using the units of production
          disusutkan atau diamortisasi menggunakan                            method over the expected useful life of the
          metode unit produksi selama masa manfaat dari                       identified component of the ore body that
          komponen badan bijih yang teridentifikasi yang                      becomes more accessible as a result of the
          menjadi lebih mudah diakses sebagai akibat dari                     stripping activity unless another method is
          aktivitas pengupasan lapisan tanah, kecuali                         appropriate.
          terdapat metode lain yang lebih tepat.

          Aset aktivitas pengupasan lapisan tanah, bila                       A stripping activity asset, if any, is accounted
          ada, dicatat sebagai penambahan atau                                for as an addition to, or enhancement of, an
          peningkatan dari aset yang ada, sehingga                            existing asset, and therefore is presented as
          disajikan sebagai “properti pertambangan” pada                      part of “mine properties” in the consolidated
          laporan posisi keuangan konsolidasian.                              statement of financial position.

     l.   Aset Tetap                                                    l.    Fixed Assets

          Aset tetap awalnya diakui sebesar biaya                             Fixed assets are initially recognized at cost,
          perolehan, yang terdiri atas harga perolehan dan                    which comprises its purchase price and any
          biaya-biaya tambahan yang dapat diatribusikan                       costs directly attributable in bringing the asset
          langsung untuk membawa aset ke lokasi dan                           to the location and condition necessary for it to
          kondisi yang diinginkan supaya aset tersebut                        be capable of operating in the manner
          siap digunakan sesuai dengan maksud                                 intended by management.
          manajemen.

          Setelah pengakuan awal, aset tetap dinyatakan                       Subsequent to initial recognition, fixed assets
          pada biaya perolehan dikurangi akumulasi                            are carried at cost less accumulated
          penyusutan dan akumulasi rugi penurunan nilai.                      depreciation and impairment losses.




                                                              32
Page 234
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.


              PT ARCHI INDONESIA TBK                                                  PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                        FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                              As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                    (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                               unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                    POLICIES INFORMATION (continued)

     l.   Aset Tetap (lanjutan)                                            l.    Fixed Assets (continued)

          Penyusutan untuk aset tetap dihitung dengan                            Depreciation for other fixed assets is
          menggunakan metode garis lurus selama masa                             calculated using the straight-line method over
          yang lebih pendek antara taksiran masa manfaat                         the shorter of the estimated economic useful
          ekonomis aset tetap yang bersangkutan atau                             lives of the assets or the period of CoW, as
          masa KK, sebagai berikut:                                              follows:
                                            Tahun/Years              Metode
                                                           Penyusutan/Depreciation
                                                                     Method
          Bangunan dan prasarana                4-8            Garis lurus dan unit                         Building and improvements
                                                          produksi/Straight-line and unit
                                                                  of production
          Pabrik dan peralatan                 1-20            Garis lurus dan unit                                Plant and equipment
                                                          produksi/Straight-line and unit
                                                                  of production
          Perabotan dan perlengkapan            1-5          Garis lurus/Straight-line                      Office furniture and fixtures
           kantor
          Kendaraan                             4-8          Garis lurus/Straight-line                                          Vehicles
          Aset purnaoperasi dan restorasi        -            Unit produksi/Unit of                                   Decommissioning
                                                                    production                                    and restoration assets

          Tanah dinyatakan sebesar harga perolehannya                            Land is stated at cost and is not depreciated.
          dan tidak disusutkan.

          Penelaahan penurunan nilai jumlah tercatat aset                        The fixed assets are reviewed for impairment
          tetap dilakukan jika terjadi peristiwa atau                            when events or changes in circumstances
          perubahan keadaan yang mengindikasikan                                 indicate that their carrying values may not be
          bahwa jumlah tercatat aset mungkin tidak dapat                         fully recoverable.
          terpulihkan seluruhnya.

          Nilai tercatat komponen dari suatu aset tetap                          The carrying amount of an item of fixed assets
          dihentikan pengakuannya pada saat dilepaskan                           is derecognized upon disposal or when no
          atau saat sudah tidak ada lagi manfaat ekonomis                        future economic benefits are expected, from
          masa depan yang diharapkan dari penggunaan                             its use or disposal. Any gain or loss arising
          maupun pelepasannya. Laba atau rugi yang                               from the derecognition of the asset is directly
          timbul dari penghentian pengakuan tersebut                             charged to the operations when the item is
          dibebankan pada operasi tahun dimana                                   derecognized.
          penghentian pengakuan tersebut dilakukan.
          Nilai residu aset, umur manfaat dan metode                             The asset residual values, useful lives and
          penyusutan dievaluasi setiap akhir tahun                               depreciation method are reviewed at the end
          pelaporan dan disesuaikan secara prospektif jika                       of each reporting year and adjusted
          dipandang perlu.                                                       prospectively if necessary.

          Aset tetap dalam penyelesaian dicatat sebesar                          Constructions in progress are stated at cost,
          biaya perolehan, yang mencakup kapitalisasi                            including capitalized borrowing costs and
          biaya pinjaman dan biaya-biaya lainnya yang                            other charges incurred in connection with the
          terjadi sehubungan dengan pendanaan aset                               financing of an asset’s construction. The
          tetap dalam penyelesaian tersebut. Akumulasi                           accumulated costs are reclassified to the
          biaya perolehan akan direklasifikasi ke akun                           appropriate “Fixed Assets” account when the
          “Aset Tetap” yang bersangkutan pada saat aset                          construction is completed and the assets are
          tetap tersebut telah selesai dikerjakan dan siap                       commissioned. Assets under construction are
          untuk digunakan. Aset tetap dalam penyelesaian                         not depreciated as these are not yet available
          tidak disusutkan karena belum tersedia untuk                           for use.
          digunakan.



                                                             33
Page 235
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

     l.   Aset Tetap (lanjutan)                                          l.    Fixed Assets (continued)

          Semua biaya pemeliharaan dan perbaikan yang                          All other repairs and maintenance costs that
          tidak memenuhi kriteria pengakuan diakui dalam                       do not meet the recognition criteria are
          laba atau rugi pada saat terjadinya. Beban                           recognized in profit or loss as incurred. The
          pemugaran dan perbaikan dalam jumlah besar                           cost of major renovation and restoration is
          dikapitalisasi kepada jumlah tercatat aset terkait                   included in the carrying amount of the related
          bila besar kemungkinan bagi Grup manfaat                             asset when it is probable that future economic
          ekonomi masa depan menjadi lebih besar dari                          benefits in excess of the originally assessed
          standar     kinerja   awal    yang     ditetapkan                    standard of performance of the existing asset
          sebelumnya dan disusutkan sepanjang sisa                             will flow to the Group, and is depreciated over
          masa manfaat aset terkait.                                           the remaining useful life of the related asset.

     m. Investasi pada Entitas Asosiasi                                  m.    Investment in an Associate

          Entitas asosiasi      adalah entitas      yang                       An associate is an entity over which the Group
          terhadapnya Grup memiliki pengaruh signifikan.                       has significant influence. Significant influence
          Pengaruh signifikan adalah kekuasaan untuk                           is the power to participate in the financial and
          berpartisipasi dalam keputusan kebijakan                             operating policy decisions of the investee, but
          keuangan dan operasional investee, tetapi tidak                      is not control or joint control over those
          mengendalikan atau mengendalikan bersama                             policies.
          atas kebijakan tersebut.

          Pertimbangan yang dibuat dalam menentukan                            The considerations made in determining
          pengaruh signifikan adalah serupa dengan hal-                        significant influence are similar to those
          hal yang diperlukan dalam menentukan kendali                         necessary to determine control over
          atas entitas anak.                                                   subsidiaries.

          Investasi Grup pada entitas asosiasi dicatat                         The Group’s investment in its associate is
          dengan menggunakan metode ekuitas. Dalam                             accounted for using the equity method. Under
          metode ekuitas, investasi awalnya diakui pada                        the equity method, the investment in an
          harga perolehan. Nilai tercatat investasi                            associate is initially recognized at cost. The
          disesuaikan untuk mengakui perubahan bagian                          carrying amount of the investment is adjusted
          Grup atas aset neto entitas asosiasi sejak                           to recognize changes in the Group’s share of
          tanggal perolehan.                                                   net assets of the associate since the acquisition
                                                                               date.

          Laba rugi konsolidasian mencerminkan bagian                          The consolidated profit or loss reflects the
          dari Grup atas hasil operasi dari entitas                            Group’s share of the results of operations of the
          asosiasi. Perubahan penghasilan komprehensif                         associate. Any change in OCI of the associate
          lain dari entitas asosiasi disajikan sebagai                         is presented as part of the Group’s OCI. In
          bagian dari penghasilan komprehensif Grup.                           addition, when there has been a change
          Selain itu, bila terdapat perubahan yang diakui                      recognized directly in the equity of the
          langsung pada ekuitas entitas asosiasi, Grup                         associate, the Group recognizes its share of
          mengakui bagiannya atas perubahan, jika                              any changes, when applicable, in the
          sesuai, dalam laporan perubahan ekuitas                              consolidated statement of changes in equity.
          konsolidasian. Laba atau rugi yang belum                             Unrealized gains and losses resulting from
          direalisasi sebagai hasil dari transaksi-transaksi                   transactions between the Group and the
          antara Grup dengan entitas asosiasi dieliminasi                      associate are eliminated to the extent of the
          sesuai dengan kepentingan dalam entitas                              interest in the associate.
          asosiasi.




                                                               34
Page 236
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

     m. Investasi pada Entitas Asosiasi (lanjutan)                       m.    Investment in an Associate (continued)

          Gabungan bagian Grup atas laba rugi entitas                          The aggregate of the Group’s share of profit or
          asosiasi disajikan pada muka laporan laba rugi                       loss of an associate is shown on the face of the
          dan      penghasilan     komprehensif      lain                      consolidated statement of profit or loss and
          konsolidasian (sebagai laba atau rugi) di luar                       other comprehensive income (as profit or loss)
          laba usaha dan mencerminkan laba atau rugi                           outside operating profit and represents profit or
          setelah pajak dan kepentingan non-pengendali                         loss after tax and NCI in the subsidiaries of the
          pada entitas anak dari entitas asosiasi.                             associate.

          Laporan keuangan entitas asosiasi disusun                            The financial statements of the associate are
          atas periode pelaporan yang sama dengan                              prepared for the same reporting period of the
          Grup.                                                                Group.

          Setelah penerapan metode ekuitas, Grup                               After application of the equity method, the
          menentukan      apakah     diperlukan    untuk                       Group determines whether it is necessary to
          mengakui tambahan rugi penurunan nilai atas                          recognize an additional impairment loss on the
          investasi Grup dalam entitas asosiasi. Grup                          Group’s investment in its associate. The Group
          menentukan pada setiap tanggal pelaporan                             determines at each reporting date whether
          apakah terdapat bukti yang obyektif yang                             there is any objective evidence that the
          mengindikasikan bahwa investasi dalam entitas                        investment in the associate is impaired. If this
          asosiasi mengalami penurunan nilai. Dalam hal                        is the case, the Group calculates the amount of
          ini, Grup menghitung jumlah penurunan nilai                          impairment as the difference between the
          berdasarkan selisih antara jumlah terpulihkan                        recoverable amount of the investment in
          atas investasi dalam entitas asosiasi dan nilai                      associate and its carrying value, and
          tercatatnya dan mengakuinya dalam laba rugi.                         recognizes the amount in profit or loss.

          Pada saat kehilangan pengaruh signifikan atas                        Upon loss of significant influence over the
          entitas asosiasi, Grup mengukur dan mengakui                         associate, the Group measures and recognizes
          bagian investasi tersisa pada nilai wajar. Selisih                   any retained investment at its fair value. Any
          antara nilai tercatat entitas asosiasi dan nilai                     difference between the carrying amount of the
          wajar investasi yang tersisa dan penerimaan                          associate and the fair value of the retained
          dari pelepasan investasi diakui pada laba rugi.                      investment and proceeds from disposal is
                                                                               recognized in profit or loss.

     n.   Reklamasi dan Penutupan Tambang                                n.    Reclamation and Mine Closure

          Grup mencatat nilai kini taksiran biaya atas                         The Group recognizes the present value of
          kewajiban hukum dan kewajiban konstruktif yang                       estimated costs of legal and constructive
          disyaratkan untuk memulihkan kondisi wilayah                         obligations required to restore the condition of
          pertambangan akibat operasi pertambangan                             mining area caused by mining operations in
          pada periode dimana kewajiban tersebut terjadi.                      the period in which the obligation is incurred.
          Aktivitas reklamasi dan penutupan tambang                            The reclamation and mine closure activities
          meliputi pembongkaran dan pemindahan                                 include dismantling and removing structures,
          bangunan, rehabilitasi pertambangan dan                              rehabilitating mines and tailings dams,
          bendungan tailing, pembongkaran fasilitas                            dismantling operating facilities, closure of plant
          operasi,    penutupan  pabrik    dan    lokasi                       and waste sites, and restoration, reclamation
          penampungan limbah, dan restorasi, reklamasi                         and re-vegetation of affected areas.
          dan penanaman kembali di lokasi-lokasi yang
          terganggu.




                                                               35
Page 237
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.


              PT ARCHI INDONESIA TBK                                                  PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                        FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                              As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                    (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                               unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                    POLICIES INFORMATION (continued)

     n.   Reklamasi       dan     Penutupan        Tambang                 n.    Reclamation and Mine Closure (continued)
          (lanjutan)
          Liabilitas pada umumnya timbul pada saat suatu                         The obligation normally arises when the asset
          aset dipasang atau tanah/lingkungan terganggu                          is installed or the ground/environment is
          di area operasi pertambangan. Pada saat                                disturbed by mining operations. At the initial
          pengakuan awal liabilitas, nilai kini dari estimasi                    recognition of the liability, the present value of
          biaya dikapitalisasi dengan meningkatkan nilai                         the estimated costs are capitalized by
          tercatat aset pertambangan terkait sepanjang                           increasing the carrying amount of the related
          biaya     tersebut   terjadi    sebagai      akibat                    mining assets to the extent that it was incurred
          pengembangan/konstruksi tambang.                                       as a result of the development/construction of
                                                                                 the mine.

          Liabilitas reklamasi dan penutupan tambang                             Any reclamation and mine closure obligations
          yang timbul pada tahap produksi dibebankan                             that arise through the production phase are
          saat terjadinya. Dengan berlalunya waktu,                              expensed as incurred. Over time, the
          liabilitas yang didiskonto akan meningkat karena                       discounted liability is increased for the change
          perubahan nilai kini berdasarkan tingkat diskonto                      in present value based on the discount rates
          yang mencerminkan nilai pasar saat ini dan risiko                      that reflect current market assessments and
          yang melekat          pada liabilitas   tersebut.                      the risks specific to the liability. The periodic
          Peningkatan liabilitas yang mencerminkan                               unwinding of the discount is recognized in the
          berlalunya waktu diakui di laporan laba rugi dan                       consolidated statement of profit or loss and
          penghasilan        komprehensif     konsolidasian                      comprehensive income as other operating
          sebagai beban operasi lain. Tambahan                                   expenses. Additional disturbances or changes
          gangguan atau perubahan biaya reklamasi dan                            in reclamation and mine closure costs are
          penutupan tambang diakui sebagai penambahan                            recognized as additions or charges to the
          atau pembebanan pada aset terkait dan liabilitas                       corresponding assets and reclamation and
          reklamasi dan penutupan tambang pada saat                              mine closure liability when they occur.
          terjadinya.
          Perubahan pada estimasi biaya masa depan                               Changes to estimated future costs are
          diakui dalam laporan posisi keuangan                                   recognized in the consolidated statement of
          konsolidasian baik dengan menaikkan atau                               financial position by either increasing or
          menurunkan liabilitas reklamasi dan penutupan                          decreasing the reclamation and mine closure
          tambang serta aset terkait apabila estimasi biaya                      liability and the related asset if the estimated
          reklamasi dan penutupan tambang pada                                   costs of reclamation and mine closure were
          awalnya diakui sebagai bagian dari aset yang                           originally recognized as part of an asset
          diukur sesuai dengan PSAK 16, “Aset Tetap”.                            measured in accordance with PSAK 16, “Fixed
                                                                                 Assets”.
          Setiap penurunan liabilitas reklamasi dan                              Any reduction in the reclamation and mine
          penutupan tambang serta pengurangan aset                               closure liability and deduction from the related
          terkait, tidak boleh melebihi nilai tercatat aset                      asset may not exceed the carrying amount of
          tersebut. Bila melebihi nilai tercatat aset terkait,                   that asset. If it does exceed the carrying value
          maka kelebihan tersebut diakui segera dalam                            of the related asset, such excess is
          laporan laba rugi dan penghasilan komprehensif                         immediately recognized in the consolidated
          lain konsolidasian.                                                    statement of profit or loss and other
                                                                                 comprehensive income.
          Apabila      perubahan      dalam        estimasi                      If the change in estimates results in an
          mengakibatkan kenaikan dalam liabilitas                                increase in the reclamation and mine closure
          reklamasi dan penutupan tambang serta                                  liability and, an addition to the carrying value
          penambahan pada nilai tercatat aset terkait,                           of the related asset, the Group assesses the
          Grup melakukan pengujian penurunan nilai                               impairment in accordance with PSAK 48,
          sesuai PSAK 48, “Penurunan Nilai Aset” bila                            “Impairment of Asset” if there is indication of
          terdapat indikasi penurunan nilai atas aset terkait                    impairment of such assets.
          tersebut.

                                                                 36
Page 238
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.


              PT ARCHI INDONESIA TBK                                                  PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                        FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                              As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                    (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                               unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                    POLICIES INFORMATION (continued)

     o.   Imbalan Kerja                                                    o.    Employee Benefits

          Grup menyelenggarakan program pensiun                                  The Group have a defined benefit plan
          manfaat pasti yang meliputi seluruh karyawan                           covering all of the eligible employees. The
          yang memenuhi syarat. Aset dana pensiun                                plan’s assets are managed by Dana Pensiun
          dikelola oleh Dana Pensiun Lembaga                                     Lembaga Keuangan (“DPLK”) Manulife
          Keuangan (“DPLK”) Manulife Indonesia yang                              Indonesia, which establishment had been
          pendiriannya telah disetujui Kementerian                               approved by the Ministry of Finance of the
          Keuangan Republik Indonesia.                                           Republic of Indonesia.

          Grup juga mencatat penyisihan manfaat                                  The Group also provides additional provisions
          tambahan selain program dana pensiun                                   on top of the benefits provided under the
          tersebut di atas untuk memenuhi dan menutup                            above-mentioned defined contribution pension
          imbalan minimum yang harus dibayar kepada                              programs in order to meet and cover the
          karyawan-karyawan sesuai dengan Undang-                                minimum benefits required to be paid to the
          undang     Ketenagakerjaan      yang berlaku.                          qualified employees under the applicable
          Penyisihan tambahan tersebut diestimasi                                Labor Law. The said additional provisions are
          dengan menggunakan perhitungan aktuarial                               estimated using actuarial calculations using
          metode “Projected Unit Credit”.                                        the “Projected Unit Credit” method.

          Pengukuran kembali, terdiri atas keuntungan                            Re-measurements, comprising of actuarial
          dan kerugian aktuarial, segera diakui pada                             gains and losses, are recognized immediately
          laporan posisi keuangan dengan pengaruh                                in the statement of financial position with a
          langsung didebit atau dikreditkan kepada saldo                         corresponding debit or credit to retained
          laba melalui penghasilan komprehensif lain                             earnings through other comprehensive income
          pada periode terjadinya. Pengukuran kembali                            in the period in which they occur. Re-
          tidak direklasifikasi ke laba rugi pada periode                        measurements are not reclassified to profit or
          berikutnya.                                                            loss in subsequent periods.

          Biaya jasa lalu harus diakui sebagai beban pada                        Past service costs are recognized in profit or
          saat yang lebih awal antara:                                           loss at the earlier between:
          i) ketika      amandemen        program     atau                       i) the date of the plan amendment or
               kurtailmen terjadi; dan                                               curtailment, and
          ii) ketika Perusahaan mengakui biaya                                   ii) the date the Company recognizes related
               restrukturisasi atau imbalan terminasi                                restructuring costs.
               terkait.

          Bunga neto dihitung dengan menerapkan                                  Net interest is calculated by applying the
          tingkat diskonto yang digunakan terhadap                               discount rate to the net defined benefit liability.
          liabilitas imbalan kerja. Perusahaan mengakui                          The Company recognizes the following
          perubahan berikut pada kewajiban obligasi neto                         changes in the net defined benefit obligation
          pada akun “Beban Pokok Penjualan” dan                                  under “Cost of Goods Sold” and “General and
          “Beban Umum dan Administrasi” pada laporan                             Administrative Expenses” as appropriate in the
          laba rugi dan penghasilan komprehensif lain:                           statement of profit or loss and other
                                                                                 comprehensive income:
          i)    Biaya jasa terdiri atas biaya jasa kini, biaya                   i) Service costs comprising current service
                jasa lalu, keuntungan atau kerugian atas                             costs, past-service costs, gains or losses
                penyelesaian (curtailment) tidak rutin, dan                          on     curtailments     and     non-routine
                                                                                     settlements, and
          ii)   Beban atau penghasilan bunga neto.                               ii) Net interest expense or income.




                                                                 37
Page 239
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

     p.   Provisi                                                        p.    Provisions

          Provisi diakui jika Grup memiliki kewajiban kini                     Provisions are recognized when the Group
          (baik bersifat      hukum     maupun      bersifat                   has a present obligation (legal or constructive)
          konstruktif), yang diakibatkan peristiwa di masa                     where, as a result of a past event, it is probable
          lalu, besar kemungkinannya penyelesaian                              that an outflow of resources embodying
          kewajiban tersebut mengakibatkan arus keluar                         economic benefits will be required to settle the
          sumber daya yang mengandung manfaat                                  obligation and a reliable estimate can be made
          ekonomi dan estimasi yang andal mengenai                             of the amount of the obligation.
          jumlah kewajiban tersebut dapat dibuat.

          Provisi ditelaah pada setiap tanggal pelaporan                       Provisions are reviewed at each reporting date
          dan disesuaikan untuk mencerminkan estimasi                          and adjusted to reflect the current best
          terbaik yang paling kini. Jika arus keluar sumber                    estimate. If it is no longer probable that an
          daya      untuk    menyelesaikan        kewajiban                    outflow of resources embodying economic
          kemungkinan besar tidak terjadi, maka provisi                        benefits will be required to settle the obligation,
          tersebut dibatalkan.                                                 the provision is reversed.

     q.   Perpajakan                                                     q.    Taxation

          Pajak Kini                                                           Current Tax

          Aset dan liabilitas pajak kini untuk periode                         Current income tax assets and liabilities for
          berjalan diukur sebesar jumlah yang diharapkan                       the current period are measured at the
          dapat direstitusi dari atau dibayarkan kepada                        amount expected to be recovered from or paid
          otoritas perpajakan. Tarif pajak dan peraturan                       to the taxation authority. The tax rates and tax
          pajak yang digunakan untuk menghitung jumlah                         laws used to compute the amount are those
          tersebut adalah yang telah berlaku atau secara                       that are enacted or substantively enacted at
          substantif telah berlaku pada tanggal pelaporan                      the reporting date in the countries where the
          di negara tempat Grup beroperasi dan                                 Group operates and generates taxable
          menghasilkan pendapatan kena pajak.                                  income.

          Bunga dan denda disajikan sebagai bagian dari                        Interests and penalties are presented as part
          penghasilan atau beban operasi lain karena                           of other operating income or expenses since
          tidak dianggap sebagai bagian dari beban pajak                       they are not considered as part of the income
          penghasilan.                                                         tax expense.

          Pajak Tangguhan                                                      Deferred Tax

          Pajak tangguhan diakui dengan menggunakan                            Deferred tax is provided using the liability
          metode liabilitas atas perbedaan temporer antara                     method on temporary differences between the
          dasar pengenaan pajak dari aset dan liabilitas                       tax bases of assets and liabilities and their
          dan jumlah tercatatnya untuk tujuan pelaporan                        carrying amounts for financial reporting
          keuangan pada tanggal pelaporan.                                     purposes at the reporting date.




                                                               38
Page 240
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

     q.   Perpajakan (lanjutan)                                          q.    Taxation (continued)

          Pajak Tangguhan (lanjutan)                                           Deferred Tax (continued)

          Liabilitas pajak tangguhan diakui untuk semua                       Deferred tax liabilities are recognized for all
          perbedaan temporer yang kena pajak, kecuali:                        taxable temporary differences, except:
           i. liabilitas pajak tangguhan yang terjadi dari                     i. when the deferred tax liability arises from
              pengakuan awal goodwill atau dari aset atau                         the initial recognition of goodwill or an asset
              liabilitas dari transaksi yang bukan transaksi                      or liability in a transaction that is not a
              kombinasi bisnis, dan pada waktu transaksi                          business combination and, at the time of the
              tidak mempengaruhi laba akuntansi dan laba                          transaction, affects neither the accounting
              kena pajak/rugi pajak;                                              profit nor taxable profit or loss;
          ii. dari perbedaan temporer kena pajak atas                         ii. in respect of taxable temporary differences
              investasi pada entitas anak, perusahaan                             associated with investments in subsidiaries,
              asosiasi dan kepentingan dalam pengaturan                           associates      and      interests   in    joint
              bersama, yang saat pembalikannya dapat                              arrangements, when the timing of the
              dikendalikan dan besar kemungkinannya                               reversal of the temporary differences can be
              bahwa beda temporer itu tidak akan dibalik                          controlled and it is probable that the
              dalam waktu dekat.                                                  temporary differences will not reverse in the
                                                                                  foreseeable future.

          Aset pajak tangguhan diakui untuk semua                             Deferred tax assets are recognized for all
          perbedaan temporer yang dapat dikurangkan,                          deductible temporary differences, the carry
          saldo kredit pajak yang tidak digunakan dan                         forward of unused tax credits and any unused
          akumulasi rugi fiskal yang tidak terpakai. Aktiva                   tax losses. Deferred tax assets are recognized
          pajak tangguhan diakui apabila besar                                to the extent that it is probable that taxable profit
          kemungkinan bahwa jumlah penghasilan kena                           will be available against which the deductible
          pajak akan memadai untuk dikompensasi                               temporary differences, and the carry forward of
          dengan perbedaan temporer yang dapat                                unused tax credits and any unused tax losses
          dikurangkan, dan penerapan kredit pajak yang                        can be utilised, except:
          tidak terpakai serta akumulasi rugi fiskal yang
          dapat digunakan, kecuali:
          i. jika aset pajak tangguhan timbul dari                             i.    where the deferred tax asset relating to the
              pengakuan awal aset atau liabilitas dalam                              deductible temporary difference arises
              transaksi yang bukan transaksi kombinasi                               from the initial recognition of an asset or
              bisnis dan tidak mempengaruhi laba                                     liability in a transaction that is not a
              akuntansi maupun laba kena pajak/rugi                                  business combination and, at the time of
              pajak; atau                                                            the transaction, affects neither the
                                                                                     accounting profit nor taxable profit or loss;
                                                                                     or
          ii. dari perbedaan temporer yang dapat                               ii.   in respect of deductible temporary
              dikurangkan atas investasi pada entitas                                differences associated with investments in
              anak, perusahaan asosiasi dan kepentingan                              subsidiaries, associates and interest in
              dalam pengaturan bersama, aset pajak                                   joint arrangements, deferred tax assets
              tangguhan hanya diakui bila besar                                      are recognized only to the extent that it is
              kemungkinannya bahwa beda temporer itu                                 probable that the temporary differences
              tidak akan dibalik dalam waktu dekat dan                               will reverse in the foreseeable future and
              laba kena pajak dapat dikompensasi dengan                              taxable profit will be available against
              beda temporer tersebut.                                                which the temporary differences can be
                                                                                     utilised.




                                                               39
Page 241
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     q.   Perpajakan (lanjutan)                                         q.    Taxation (continued)

          Pajak Tangguhan (lanjutan)                                          Deferred Tax (continued)

          Jumlah tercatat aset pajak tangguhan ditelaah                       The carrying amount of deferred tax assets is
          pada setiap tanggal pelaporan dan diturunkan                        reviewed at each reporting date and reduced
          apabila laba fiskal mungkin tidak memadai untuk                     to the extent that it is no longer probable that
          mengkompensasi sebagian atau semua manfaat                          sufficient taxable profit will be available to allow
          aset pajak tangguhan. Aset pajak tangguhan                          all or part of the deferred tax asset to be
          yang tidak diakui ditinjau ulang pada setiap                        utilised. Unrecognized deferred tax assets are
          tanggal pelaporan dan akan diakui apabila besar                     re-assessed at each reporting date and are
          kemungkinan bahwa laba fiskal pada masa yang                        recognized to the extent that it has become
          akan datang akan tersedia untuk pemulihannya.                       probable that future taxable profits will allow
                                                                              the deferred tax assets to be recovered.

          Aset dan liabilitas pajak tangguhan diukur                          Deferred tax assets and liabilities are
          dengan menggunakan tarif pajak yang                                 measured at the tax rates that are expected to
          diharapkan akan berlaku pada tahun saat aset                        apply to the year when the asset is realised or
          dipulihkan     atau     liabilitas   diselesaikan                   the liability is settled, based on tax rates and
          berdasarkan tarif pajak dan peraturan pajak yang                    tax laws that have been enacted or
          berlaku atau yang secara substantif telah berlaku                   substantively enacted as at the reporting date.
          pada tanggal pelaporan.

          Pajak tangguhan atas pos dan transaksi                              Deferred tax for the underlying items and
          pendasar yang diakui bukan pada laba rugi                           transactions recognized outside profit or loss
          disesuaikan pengakuannya baik pada PKL atau                         are accordingly recognized either in OCI or
          langsung pada ekuitas.                                              directly in equity.

          Pajak Pertambahan Nilai                                             Value Added Tax

          Pendapatan, beban-beban dan aset-aset diakui                        Revenue, expenses and assets are recognized
          neto atas jumlah Pajak Pertambahan Nilai                            net of the amount of Value Added Tax (“VAT”)
          (“PPN”) kecuali:                                                    except:
             PPN yang muncul dari pembelian aset atau                            When the VAT incurred on a purchase of
              jasa yang tidak dapat dikreditkan oleh kantor                        assets or services is not recoverable from
              pajak, yang dalam hal ini PPN diakui                                 the taxation authority, in which case the
              sebagai bagian dari biaya perolehan aset                             VAT is recognized as part of the cost of
              atau sebagai bagian dari item beban-beban                            acquisition of the asset or as part of the
              yang diterapkan; dan                                                 expense item as applicable; and
             Piutang dan utang yang disajikan termasuk                           When receivables and payables are
              dengan jumlah PPN.                                                   stated with the amount of VAT included.

          Jumlah PPN neto yang terpulihkan dari, atau                         The net amount of VAT recoverable from, or
          terutang kepada, kantor pajak termasuk sebagai                      payable to, the taxation authorities is included
          bagian dari piutang atau utang pada laporan                         as part of receivables or payables in the
          posisi keuangan konsolidasian.                                      consolidated statement of financial position.




                                                              40
Page 242
                                                                  The original consolidated financial statements included herein are in
                                                                                                             the Indonesian language.


              PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     q.   Perpajakan (lanjutan)                                        q.    Taxation (continued)

          Pajak Final                                                        Final Tax

          Sesuai peraturan perpajakan di Indonesia, Pajak                    In accordance with the tax regulation in
          final dikenakan atas nilai bruto transaksi, dan                    Indonesia, final tax is applied to the gross value
          tetap dikenakan walaupun atas transaksi                            of transactions, even when the parties carrying
          tersebut pelaku transaksi mengalami kerugian.                      the transaction recognizing losses.

          Pajak final tidak termasuk dalam lingkup yang                      Final tax is scoped out from PSAK 46: Income
          diatur oleh PSAK 46: Pajak Penghasilan.                            Tax.

     r.   Pendapatan dari Kontrak dengan Pelanggan                     r.    Revenue from Contracts with Customers
          dan Pengakuan Beban                                                and Recognition of Expenses

          Perusahaan dan entitas anak mengelola                              The Company and its subsidiaries are
          pertambangan emas dan menjual produk terkait.                      managing gold mines and selling the related
          Pendapatan dari kontrak dengan pelanggan                           products.       Revenue from contracts with
          diakui ketika pengendalian atas barang jadi                        customers is recognized when control of the
          emas dialihkan kepada pelanggan pada suatu                         gold finished goods are transferred to the
          jumlah yang mencerminkan imbalan yang                              customers at an amount that reflects the
          diharapkan Grup sebagai imbalan atas barang                        consideration to which the Group expects to be
          tersebut. Grup secara umum menyimpulkan                            entitled in exchange for those goods. The
          bahwa mereka adalah prinsipal dalam                                Group has generally concluded that it is the
          pengaturan pendapatannya.                                          principal in its revenue arrangements.

          Piutang usaha merupakan hak Grup atas                              Trade receivables represent the Group’s right
          sejumlah imbalan yang tidak bersyarat (yaitu,                      to an amount of consideration that is
          hanya berlalunya waktu yang diperlukan                             unconditional (i.e., only the passage of time is
          sebelum pembayaran imbalan jatuh tempo).                           required before payment of the consideration is
          Lihat kebijakan akuntansi aset keuangan di                         due). Refer to accounting policies of financial
          bagian    Instrumen   Keuangan    mengenai                         assets in Financial Instruments section
          pengakuan awal dan pengukuran selanjutnya.                         regarding initial recognition and subsequent
                                                                             measurement.

          Penghasilan/Beban Bunga                                            Interest Income/Expense

          Untuk semua instrumen keuangan yang diukur                         For all financial instruments measured at
          pada biaya perolehan diamortisasi, penghasilan                     amortized cost, interest income or expense is
          atau beban bunga dicatat dengan menggunakan                        recorded using the EIR, which is the rate that
          metode SBE, yaitu suku bunga yang secara tepat                     exactly discounts the estimated future cash
          mendiskontokan estimasi pembayaran atau                            payments or receipts over the expected life of
          penerimaan kas di masa yang akan datang                            the financial instrument or a shorter period,
          selama perkiraan umur dari instrumen keuangan,                     where appropriate, to the net carrying amount
          atau jika lebih tepat, selama periode yang lebih                   of the financial asset or liability.
          singkat, untuk nilai tercatat neto dari aset
          keuangan atau liabilitas keuangan.

          Beban                                                              Expenses

          Beban diakui pada saat terjadinya (asas akrual).                   Expenses are recognized when they are
                                                                             incurred (accrual basis).




                                                             41
Page 243
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.


              PT ARCHI INDONESIA TBK                                                   PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                         FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                               As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                     (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                                unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.      SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                     POLICIES INFORMATION (continued)
     s.   Informasi Segmen                                                  s.    Segment Information

          Untuk tujuan manajemen, Grup dibagi menjadi                             For management purposes, the Group is
          tiga segmen operasi berdasarkan produk dan                              organized into three operating segments
          jasa yang dikelola secara independen oleh                               based on their products and services which are
          masing-masing    pengelola    segmen     yang                           independently managed by the respective
          bertanggung jawab atas kinerja dari masing-                             segment managers responsible for the
          masing segmen. Para pengelola segmen                                    performance of the respective segments under
          melaporkan    secara     langsung     kepada                            their charge. The segment managers report
          manajemen Perusahaan yang secara teratur                                directly to the management who regularly
          mengkaji laba segmen sebagai dasar untuk                                review the segment results in order to allocate
          mengalokasikan sumber daya ke masing-masing                             resources to the segments and to assess the
          segmen dan untuk menilai kinerja segmen.                                segment performance.
          Pengungkapan tambahan pada masing-masing                                Additional disclosures on each of these
          segmen terdapat dalam Catatan 34, termasuk                              segments are shown in Note 34, including the
          faktor yang digunakan untuk mengidentifikasi                            factors used to identify the reportable
          segmen yang dilaporkan dan dasar pengukuran                             segments and the measurement basis of
          informasi segmen.                                                       segment information.

     t.   Laba per Saham                                                    t.    Earnings per Share

          Laba per saham dihitung dengan membagi laba                             The amount of earnings per share is calculated
          tahun berjalan yang dapat diatribusikan kepada                          by dividing the income for the year attributable
          pemilik entitas dengan jumlah rata-rata tertimbang                      to owners of the company by the weighted-
          saham yang beredar dan disetor penuh selama                             average number of shares issued and fully paid
          tahun yang bersangkutan.                                                during the year.
          Jika jumlah saham biasa atau instrumen                                  If the total number of ordinary shares or
          berpotensi saham biasa yang beredar meningkat                           potential ordinary shares instrument issued
          sebagai akibat dari kapitalisasi, penerbitan saham                      increase as a result of capitalization, issuance
          bonus atau pemecahan saham, atau menurun                                of bonus shares or share split, or decrease as a
          sebagai akibat dari penggabungan saham, maka                            result of reverse share split, hence the basic
          penghitungan laba per saham dasar dan dilusian                          computation of basic and diluted earning per
          untuk seluruh periode yang disajikan disesuaikan                        share for the whole reporting periods are
          secara retrospektif. Jika perubahan tersebut                            adjusted retrospectively. If such changes occur
          terjadi setelah periode pelaporan tetapi sebelum                        after the reporting period but before financial
          laporan keuangan diotorisasi untuk terbit, maka                         statements are authorized to be published, the
          penghitungan per saham untuk periode berjalan                           computation per share for the current period
          dan setiap periode sajian sebelumnya disajikan                          and every previous reported period will be
          berdasarkan jumlah saham yang baru.                                     stated based on the new total number of shares.

3.   PERTIMBANGAN, ESTIMASI DAN                   ASUMSI            3.     SIGNIFICANT ACCOUNTING JUDGMENTS,
     AKUNTANSI YANG SIGNIFIKAN                                             ESTIMATES AND ASSUMPTIONS
     Penyusunan laporan keuangan konsolidasian Grup                         The preparation of the Group’s consolidated
     mengharuskan       manajemen     untuk      membuat                    financial statements requires management to make
     pertimbangan,      estimasi  dan     asumsi     yang                   judgments, estimates and assumptions that affect
     mempengaruhi jumlah yang dilaporkan dari                               the reported amounts of revenues, expenses,
     penghasilan, beban, aset dan liabilitas, dan                           assets and liabilities, and the disclosures of
     pengungkapan atas liabilitas kontinjensi, pada akhir                   contingent liabilities, at the end of the reporting
     tahun pelaporan. Ketidakpastian mengenai asumsi                        year. Uncertainty about these assumptions and
     dan estimasi tersebut dapat mengakibatkan                              estimates could result in outcomes that may
     penyesuaian material terhadap nilai tercatat aset dan                  require material adjustments to the carrying
     liabilitas yang terpengaruh pada tahun pelaporan                       amounts of the assets and liabilities affected in
     berikutnya.                                                            future reporting year.


                                                               42
Page 244
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


3.   PERTIMBANGAN, ESTIMASI DAN ASUMSI                            3.     SIGNIFICANT ACCOUNTING JUDGMENTS,
     AKUNTANSI YANG SIGNIFIKAN (lanjutan)                                ESTIMATES AND ASSUMPTIONS (continued)

     Pertimbangan                                                         Judgments

     Pertimbangan berikut dibuat oleh manajemen dalam                     The following judgments are made by
     proses penerapan kebijakan akuntansi Grup yang                       management in the process of applying the
     memiliki dampak yang paling signifikan terhadap                      Group’s accounting policies that have the most
     jumlah-jumlah yang diakui dalam laporan keuangan                     significant effects on the amounts recognized in
     konsolidasian:                                                       the consolidated financial statements:

     Perpajakan                                                           Taxation

     Ketidakpastian atas interpretasi dari peraturan pajak                Uncertainties exist with respect to the interpretation
     yang kompleks, perubahan peraturan pajak dan                         of complex tax regulations, changes in tax laws,
     jumlah dan saat timbulnya penghasilan kena pajak di                  and the amount and timing of future taxable
     masa depan, dapat menyebabkan penyesuaian di                         income, could necessitate future adjustments to tax
     masa depan atas pendapatan dan beban pajak yang                      income and expense already recorded.
     telah dicatat.

     Grup mengakui liabilitas atas pajak penghasilan badan                The Group recognizes liabilities for expected
     berdasarkan estimasi apakah akan terdapat tambahan                   corporate income tax issues based on estimates of
     pajak penghasilan badan. Penjelasan lebih rinci                      whether additional corporate income tax will be
     diungkapkan dalam Catatan 12.                                        due. Further details are disclosed in Note 12.

     Pengeluaran untuk Kegiatan Eksplorasi dan Evaluasi                  Exploration and Evaluation Expenditures

     Penerapan       kebijakan   akuntansi    Grup    atas                The application of the Group’s accounting policy for
     pengeluaran eksplorasi dan evaluasi mensyaratkan                     exploration and evaluation expenditure requires
     pertimbangan dalam menentukan apakah besar                           judgment in determining whether it is likely that
     kemungkinan bahwa manfaat ekonomis masa depan                        future economic benefits are likely either from
     dapat diperoleh baik melalui eksploitasi maupun                      future exploitation or sale. The deferral policy
     pelepasan di masa depan. Kebijakan penangguhan                       requires management to make certain estimates
     mensyaratkan manajemen untuk membuat estimasi                        and assumptions about future events or
     dan asumsi atas kejadian atau kondisi di masa depan                  circumstances,      in particular       whether      an
     terutama mengenai apakah kegiatan ekstraksi yang                     economically viable extraction operation can be
     memiliki nilai ekonomis dapat dilakukan. Bila setelah                established. If after expenditure is capitalized,
     pengeluaran dikapitalisasi, terdapat informasi bahwa                 information becomes available suggesting that the
     pemulihan dari pengeluaran tersebut adalah kecil                     recovery of expenditure is unlikely, the amount
     kemungkinannya, jumlah yang dikapitalisasi tersebut                  capitalised is written off to the profit or loss in the
     dihapus ke laba rugi pada saat informasi tersebut                    period when the new information becomes
     diterima.                                                            available.

     Penjelasan lebih rinci atas “Aset Eksplorasi dan                     Further details on “Exploration and Evaluation
     Evaluasi” diungkapkan dalam Catatan 10.                              Assets” are disclosed in Note 10.




                                                             43
Page 245
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


3.   PERTIMBANGAN, ESTIMASI DAN ASUMSI                            3.     SIGNIFICANT ACCOUNTING JUDGMENTS,
     AKUNTANSI YANG SIGNIFIKAN (lanjutan)                                ESTIMATES AND ASSUMPTIONS (continued)

     Pertimbangan (lanjutan)                                              Judgments (continued)

     Dimulainya Tahap Produksi                                            Commencement of Production Stage

     Grup mengevaluasi tahapan dari masing-masing                         The Group assesses the stage of each mine under
     tambang dalam pengembangan untuk menentukan                          construction to determine when a mine moves into
     saatnya dimulai tahap produksi bila tambang telah                    the production stage being when the mine is
     selesai secara menyeluruh dan siap untuk                             substantially complete and ready for its intended
     digunakan.      Kriteria yang digunakan untuk                        use. The criteria used to assess the start date are
     mengevaluasi dimulainya tahap produksi tersebut                      determined based on the unique nature of each
     ditentukan berdasarkan karakter alamiah masing-                      mine construction project, such as the complexity
     masing tambang, seperti kompleksitas dan lokasi.                     of a plant and its location. When the production
     Pada saat tahap produksi dimulai:                                    stage is considered to commence:
     a) seluruh jumlah terkait dari “tambang dalam                        a) all related amounts are reclassified from
         pengembangan” direklasifikasi ke “tambang                            “mines under construction” to “producing
         produktif”;                                                          mines”;
     b) kapitalisasi atas pengembangan tambang                            b) capitalization of certain mine development
         dihentikan, kecuali bagi pengeluaran yang                            ceases, except for costs that qualify for
         memenuhi syarat kapitalisasi yang terkait dengan                     capitalization relating to mining asset additions
         penambahan aset pertambangan atau perbaikan,                         or     improvements,       underground      mine
         pengembangan tambang di bawah tanah atau                             development         or     mineable      reserve
         pengembangan cadangan yang dapat ditambang;                          development;
     c) deplesi “tambang produktif” dimulai; dan                          c) depletion of “producing mines” commences;
                                                                              and
     d) biaya pengupasan tanah ditangguhkan dan                           d) stripping costs are deferred and charged to
        dibebankan sebagai biaya produksi sesuai                              production costs in accordance with the policy
        dengan kebijakan akuntansi yang diungkapkan                           disclosed in Note 2k.
        pada Catatan 2k.

     Penjelasan lebih rinci atas “Properti Pertambangan”                  Further details on “Mine Properties” are disclosed
     diungkapkan dalam Catatan 11.                                        in Note 11.

     Estimasi dan Asumsi                                                 Estimates and Assumptions

     Asumsi utama masa depan dan sumber utama                             The key assumptions concerning the future and
     estimasi ketidakpastian lain pada tanggal pelaporan                  other key sources of uncertainty of estimation at
     yang memiliki risiko signifikan bagi penyesuaian yang                the reporting date that have a significant risk of
     material terhadap nilai tercatat aset dan liabilitas                 causing material adjustments to the carrying
     untuk tahun berikutnya diungkapkan di bawah ini.                     amounts of assets and liabilities within the next
     Grup mendasarkan asumsi dan estimasi pada                            financial year are disclosed below. The Group
     parameter yang tersedia pada saat laporan keuangan                   bases its assumptions and estimates on
     konsolidasian disusun. Asumsi dan situasi mengenai                   parameters available when the consolidated
     perkembangan masa depan mungkin berubah akibat                       financial statements were prepared. Existing
     perubahan pasar atau situasi di luar kendali Grup.                   circumstances and assumptions about future
     Perubahan tersebut dicerminkan dalam asumsi                          developments may change due to market changes
     terkait pada saat terjadinya.                                        or circumstances arising beyond the control of the
                                                                          Group. Such changes are reflected in the related
                                                                          assumptions as they occur.




                                                             44
Page 246
                                                                        The original consolidated financial statements included herein are in
                                                                                                                   the Indonesian language.


              PT ARCHI INDONESIA TBK                                                 PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                       FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                             As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                   (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                              unless otherwise stated)


3.   PERTIMBANGAN, ESTIMASI DAN ASUMSI                             3.     SIGNIFICANT ACCOUNTING JUDGMENTS,
     AKUNTANSI YANG SIGNIFIKAN (lanjutan)                                 ESTIMATES AND ASSUMPTIONS (continued)
     Estimasi dan Asumsi (lanjutan)                                       Estimates and Assumptions (continued)
     Estimasi Cadangan dan Sumber Daya Mineral                             Mineral Reserves and Resources Estimates

     Cadangan mineral diestimasi berdasarkan nilai                         Mineral reserves are estimates of the amount of
     mineral yang secara ekonomis dan legal dapat                          mineral that can be economically and legally
     dihasilkan dari pertambangan Grup. Grup melakukan                     extracted from the Company’s mine properties.
     estimasi atas cadangan mineral dan sumber daya                        The Company estimates its mineral reserves and
     mineral berdasarkan informasi yang dikumpulkan                        mineral resources based on information compiled
     oleh profesional yang memiliki kualifikasi yang layak                 by appropriately qualified professionals relating to
     sehubungan data geologis mengenai ukuran,                             the geological data on the size, depth and shape
     kedalaman dan bentuk cetakan bijih, serta                             of the ore body, and requires complex geological
     membutuhkan        pertimbangan    geologis      yang                 judgments to interpret the data. Changes in the
     kompleks untuk mengartikan data tersebut.                             reserve and resource estimates may have an
     Perubahan pada estimasi cadangan dan sumber                           impact on the amortization charges of mine
     daya mineral akan mempengaruhi nilai amortisasi                       properties and fixed assets depreciated using the
     dari properti pertambangan dan aset tetap yang                        unit of production method.
     disusutkan dengan metode unit produksi.

     Jumlah cadangan mineral MSM dan TTN pada                              MSM and TTN’s mineral reserves as of
     tanggal 31 Desember 2020 mengandung sekitar                           December 31, 2020 containing approximately
     3.884 kilo ons emas (cadangan terbukti dan terkira).                  3,884 gold kilo ounces (proved and probable
     MSM dan TTN melakukan estimasi cadangan                               reserves). MSM and TTN estimated mineral
     mineral pada pit tertentu dan estimasi hasil tersebut                 reserves of certain pit and the estimated results
     ditelaah oleh SRK Consulting (Australasian) Pty. Ltd.                 were reviewed by SRK Consulting (Australasian)
     sebagaimana didokumentasikan dalam pernyataan                         Pty. Ltd. as documented in its consent statement
     persetujuannya tanggal 28 Februari 2021.                              dated February 28, 2021.

     Jumlah produksi emas MSM dan TTN pada tahun                           MSM and TTN’s total gold production for the
     berjalan adalah sekitar 123 kilo ons (2022: 111 kilo                  current year was approximately 123 kilo ounces
     ons) (tidak diaudit). Akumulasi jumlah produksi emas                  (2022: 111 kilo ounces) (unaudited). The
     sejak awal kegiatan produksi sampai dengan tanggal                    accumulated total gold production since the start of
     laporan posisi keuangan adalah sekitar 2.301 kilo ons                 production activities up to the date of the statement
     (tidak diaudit).                                                      of financial position was approximately 2,301 kilo
                                                                           ounces (unaudited).

     Imbalan Kerja                                                         Employee Benefits

     Pengukuran liabilitas imbalan kerja Grup bergantung                   The measurement of the Group’s employee
     pada pemilihan asumsi yang digunakan oleh                             benefits liability is dependent on its selection of
     aktuaris independen dalam menghitung jumlah-                          certain assumptions used by the independent
     jumlah tersebut. Asumsi tersebut termasuk, antara                     actuaries in calculating such amounts. Those
     lain, tingkat diskonto, tingkat kenaikan gaji tahunan,                assumptions include, among others, discount
     tingkat pengunduran diri karyawan tahunan, tingkat                    rates, annual salary increase rate, annual
     kecacatan, umur pensiun dan tingkat kematian.                         employee turn-over rate, disability rate, retirement
                                                                           age and mortality rate.

     Keuntungan atau kerugian aktuarial yang timbul dari                   Actuarial gains or losses arising from experience
     penyesuaian dan perubahan dalam asumsi-asumsi                         adjustments and changes in actuarial assumptions
     aktuarial diakui secara langsung pada laporan posisi                  are recognized immediately in the consolidated
     keuangan konsolidasian dengan debit atau kredit ke                    financial position with a corresponding debit or
     saldo laba melalui penghasilan komprehensif lain                      credit to retained earnings through other
     dalam periode terjadinya.                                             comprehensive income the the period in which
                                                                           they occur.




                                                              45
Page 247
                                                                        The original consolidated financial statements included herein are in
                                                                                                                   the Indonesian language.


              PT ARCHI INDONESIA TBK                                                 PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                       FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                             As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                   (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                              unless otherwise stated)


3.   PERTIMBANGAN, ESTIMASI DAN ASUMSI                             3.     SIGNIFICANT ACCOUNTING JUDGMENTS,
     AKUNTANSI YANG SIGNIFIKAN (lanjutan)                                 ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan Asumsi (lanjutan)                                       Estimates and Assumptions (continued)

     Imbalan Kerja                                                         Employee Benefits

     Walaupun Grup berkeyakinan bahwa asumsi                               While the Group believes that its assumptions are
     tersebut adalah wajar dan sesuai, perbedaan                           reasonable and appropriate, significant differences
     signifikan pada hasil aktual atau perubahan                           in the Company’s actual experiences or significant
     signifikan    dalam    asumsi  yang   ditetapkan                      changes in the Company’s assumptions may
     Perusahaan dapat mempengaruhi secara material                         materially affect its liabilities for employee benefits
     liabilitas imbalan kerja dan beban imbalan kerja                      and net employee benefits expense. Further details
     neto.                                                                 are disclosed in Note 18.

     Nilai tercatat neto liabilitas imbalan kerja Grup pada                The net carrying amount of the Group’s employee
     tanggal 31 Desember 2023 adalah sebesar                               benefit liability as of December 31, 2023 was
     AS$6.074.497 (2022: AS$5.225.369). Penjelasan                         US$6,074,497 (2022: US$5,225,369). Further
     lebih rinci atas liabilitas imbalan kerja diungkapkan                 details on employee benefit liability are disclosed
     dalam Catatan 18.                                                     in Note 18.

     Penyisihan Nilai Realisasi Neto Persediaan                             Allowance for           Net     Realizable        Values      of
                                                                            Inventories

     Penyisihan nilai realisasi neto persediaan diestimasi                  Allowance for net realizable values decline of
     berdasarkan fakta dan situasi yang tersedia,                           inventories is estimated based on the best
     termasuk namun tidak terbatas kepada, kondisi fisik                    available facts and circumstances, including but
     persediaan yang dimiliki, harga jual pasar, estimasi                   not limited to, the inventories’ own physical
     biaya penyelesaian dan estimasi biaya yang timbul                      conditions, their market selling prices, estimated
     untuk penjualan. Penyisihan dievaluasi kembali dan                     costs of completion and estimated costs to be
     disesuaikan jika terdapat tambahan informasi yang                      incurred for their sales. The allowance is re-
     mempengaruhi jumlah yang diestimasi. Nilai tercatat                    evaluated and adjusted as additional information
     persediaan lancar Grup sebelum penyisihan nilai                        received affects the amount estimated. The
     realisasi neto dan keusangan pada tanggal                              carrying amount of the Group’s current inventories
     31 Desember 2023 adalah sebesar AS$65.299.967                          before allowance for net realizable value and
     (2022: AS$55.198.952). Nilai tercatat persediaan                       obsolescence as of December 31, 2023 was
     tidak lancar Grup sebelum penyisihan nilai realisasi                   US$65,299,967 (2022: US$55,198,952). The
     neto dan keusangan pada tanggal 31 Desember                            carrying amount of the Group’s non-current
     2023 adalah sebesar AS$66.284.625 (2022:                               inventories before allowance for net realizable
     AS$96.317.883). Penjelasan lebih rinci mengenai                        value and obsolescence as of December 31, 2023
     persediaan diungkapkan dalam Catatan 7.                                was US$66,284,625 (2022: US$96.317.883).
                                                                            Further details regarding inventories are disclosed
                                                                            in Note 7.




                                                              46
Page 248
                                                                                   The original consolidated financial statements included herein are in
                                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                                              PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                             NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                                    FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                                          As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                                (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                                           unless otherwise stated)


4.   ENTITAS ANAK DAN ENTITAS ASOSIASI                                            4.       SUBSIDIARIES AND ASSOCIATE

     Entitas Anak                                                                          Subsidiaries

     Perusahaan memegang kendali pada entitas anak                                         The Company holds control in subsidiaries as
     sebagai berikut:                                                                      follows:
                                                                                                                                 Total Aset
                                                                                                                            (Sebelum Eliminasi)
                                                                                                                       (dalam Dolar Amerika Serikat)/
                                                                                       Kepemilikan Efektif/                     Total Assets
                                                                     Tahun             Effective Ownership                  (Before Elimination)
                                                                    Operasi                   Interest                    (in United States Dollar)
                                                                   Komersial/
                                                   Jenis Usaha/      Start of      31 Desember/December 31,             31 Desember/December 31,
           Entitas Anak/       Domisili/            Nature of      Commercial
           Subsidiaries        Domicile             Business       Operations      2023                  2022          2023                   2022

         ARPTE             Singapura/         Investasi/
                           Singapore          Investment holding      2011        100%                  100%              2.230.410                  3.887.815

         MSM               Sulawesi Utara/    Pertambangan emas/
                           North Sulawesi     Gold mining             2011        100%                  100%            426.180.220               403.325.830

         TTN               Sulawesi Utara/    Pertambangan emas/
                           North Sulawesi     Gold mining             2011        100%                  100%            391.603.624               319.078.348

         KKM               Jakarta Selatan/   Jasa tambang/
                           South Jakarta      Mining services         2018        99.99%               99.99%             4.295.582                  2.977.334

         EMAS              Jakarta Selatan/   Perdagangan dan
                           South Jakarta      pengolahan emas/
                                              Trading and gold
                                              processing              2019         51%                   51%              3.896.934                  8.589.263

         JPP               Jakarta Selatan/   Jasa tambang/
                           South Jakarta      Mining services         2020        99.96%               99.96%             5.248.180                  3.126.443


     Pada tanggal 31 Desember 2023 dan 2022,                                               As of December 31, 2023 and 2022, the
     Perusahaan memiliki secara langsung 99,5% saham                                       Company directly owns 99.5% of the outstanding
     beredar MSM dan TTN sedangkan ARPTE, entitas                                          shares of MSM and TTN while ARPTE, a wholly-
     anak yang dimiliki penuh, memiliki 0,5% saham                                         owned subsidiary, owns 0.5% of the outstanding
     beredar MSM dan TTN.                                                                  shares of MSM and TTN.

     ARPTE                                                                                 ARPTE

     ARPTE adalah perseroan terbatas yang didirikan dan                                    ARPTE is a limited liability company incorporated
     berkedudukan di Singapura. Kantor dan tempat                                          and domiciled in Singapore. ARPTE’s registered
     usaha utama ARPTE berlokasi di 140 Paya Lebar                                         office and principal place of business is located at
     Road #09-21, Paya Lebar Singapura, Singapura                                          140 Paya Lebar Road #09-21, Paya Lebar
     409015. ARPTE terutama bergerak dibidang                                              Singapore, Singapore 409015. ARPTE is primarily
     investasi.                                                                            involved in investment holding.

     MSM                                                                                   MSM

     MSM menandatangani KK dengan Pemerintah                                               MSM signed a CoW with the Government of
     Republik Indonesia pada tanggal 2 Desember 1986.                                      Indonesia on December 2, 1986. The primary
     Tujuan utama dari MSM adalah mengeksplorasi,                                          purpose of MSM is to explore for, develop and
     mengembangkan dan menambang sumber daya                                               mine mineral resources, principally gold, within its
     mineral, terutama emas, dalam wilayah KK MSM di                                       CoW area in North Sulawesi.
     Sulawesi Utara.




                                                                             47
Page 249
                                                                     The original consolidated financial statements included herein are in
                                                                                                                the Indonesian language.


              PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                           unless otherwise stated)


4.   ENTITAS      ANAK     DAN     ENTITAS      ASOSIASI            4.   SUBSIDIARIES AND ASSOCIATE (continued)
     (lanjutan)

     Entitas Anak (lanjutan)                                             Subsidiaries (continued)

     MSM (lanjutan)                                                       MSM (continued)

     Berdasarkan surat MSM No. 093/MSM/II/2011                            Based on MSM’s letter No. 093/MSM/II/2011
     tanggal 24 Februari 2011 kepada Direktorat Jenderal                  dated February 24, 2011 to the Directorate
     Mineral, Batubara dan Panas Bumi (“DJMBP”), MSM                      General of Minerals, Coal and Geothermal
     mengajukan perubahan tahapan kegiatan MSM dari                       (“DGMCG”), MSM requested for the change in
     konstruksi ke produksi. Pada tanggal 3 Agustus 2011,                 status of MSM’s activities stage from construction
     berdasarkan surat DJMBP No. 937.K/30/DJB/2011,                       to production. On August 3, 2011, based on
     MSM telah mendapat persetujuan atas perubahan                        DGMCG letter No. 937.K/30/DJB/2011, MSM
     tersebut.                                                            obtained approval for such change.

     Pada tanggal 23 Desember 2015, MSM                                   On December 23, 2015, MSM signed
     menandatangani     amandemen       KK dengan                         amendments of CoW with the Government of
     Pemerintah Republik Indonesia. Amandemen                             Republic of Indonesia. The amendments were
     tersebut dilakukan untuk menyesuaikan isi KK                         made to align the contents of CoW with Law No.
     dengan Undang-Undang No. 4 tahun 2009 tentang                        4 year 2009 concerning Mineral and Coal Mining.
     Pertambangan Mineral dan Batubara.

     Amandemen KK tersebut, secara umum meliputi hal-                     In general, the CoW amendments include the
     hal sebagai berikut:                                                 following:
          1. Luas wilayah KK                                                  1. CoW area
          2. Keberlanjutan operasi usaha                                      2. Continuation of operation
          3. Penerimaan negara                                                3. State revenue
          4. Kewajiban untuk melakukan pengolahan                             4. Obligation to do processing and refining
             dan pemurnian di dalam negeri                                        domestically
          5. Kewajiban      divestasi   saham    pada                         5. Divestment obligation to the government,
             pemerintah, pemerintah daerah, badan                                 local government, state-owned company,
             usaha milik negara, badan usaha milik                                local state-owned company or private
             daerah, atau badan usaha swasta nasional                             national company
          6. Kewajiban keutamaan penggunaan tenaga                            6. Obligation to prioritize domestic labor,
             kerja, barang dan jasa dalam negeri                                  goods and services

     Tidak ada perubahan untuk luas wilayah KK MSM,                       There was no change for the MSM’s CoW area
     yaitu   sebesar      8.969    hektar.    Berdasarkan                 which covers 8,969 hectares. Based on CoW
     amandemen KK, MSM memiliki ijin operasional                          amendments, MSM has license to operate until
     sampai dengan 2041 dan dapat diperpanjang 2x10                       2041 and can be extended 2x10 years in form of
     tahun dalam bentuk IUPK. Penerimaan Negara akan                      IUPK. State revenue will follow prevailing rates,
     mengikuti tarif yang berlaku, kecuali untuk tarif pajak              except for corporate income tax which will still
     penghasilan badan yang tetap mengacu ke KK. MSM                      follow CoW. MSM has been doing processing and
     sudah melakukan kewajiban pengolahan dan                             refining domestically since commencement of
     pemurnian dalam negeri sejak pertama kali                            production. MSM had fulfilled its divestment
     berproduksi. MSM sudah menyelesaikan kewajiban                       obligation of its foreign ownership to a private
     divestasi kepemilikan asing kepada badan swasta                      national company in the month of February 2016.
     nasional pada bulan Februari 2016. MSM sudah                         MSM has been prioritizing usage of domestic
     mengutamakan penggunaan tenaga kerja, barang                         labor, goods and services.
     dan jasa dalam negeri.




                                                               48
Page 250
                                                                     The original consolidated financial statements included herein are in
                                                                                                                the Indonesian language.


              PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                           unless otherwise stated)


4.   ENTITAS      ANAK     DAN     ENTITAS      ASOSIASI            4.   SUBSIDIARIES AND ASSOCIATE (continued)
     (lanjutan)

     Entitas Anak (lanjutan)                                             Subsidiaries (continued)

     TTN                                                                  TTN

     TTN menandatangani KK dengan Pemerintah                              TTN signed a CoW with the Government of
     Republik Indonesia pada tanggal 28 April 1997.                       Indonesia on April 28, 1997. The primary purpose
     Tujuan utama dari TTN adalah mengeksplorasi,                         of TTN is to explore for, develop and mine mineral
     mengembangkan dan menambang sumber daya                              resources, principally gold, within its CoW area in
     mineral, terutama emas, dalam wilayah KK di                          North Sulawesi.
     Sulawesi Utara.

     Berdasarkan surat TTN No. 058/TTN/II/2011 tanggal                   Based on TTN’s letter No. 058/TTN/II/2011 dated
     24 Februari 2011 kepada DJMBP, TTN mengajukan                       February 24, 2011 to the DGMCG, TTN
     perubahan tahapan kegiatan TTN dari konstruksi ke                   requested for the change in status of TTN’s
     produksi. Pada tanggal 5 Agustus 2011, berdasarkan                  activities stage from construction to production.
     surat DJMBP No. 946.K/30/DJB/2011, TTN telah                        On August 5, 2011, based on DGMCG letter No.
     mendapat persetujuan atas perubahan tersebut.                       946.K/30/DJB/2011, TTN obtained approval for
                                                                         such change.

     Pada tanggal 23 Desember 2015, TTN                                  On December 23, 2015, TTN signed amendments
     menandatangani     amandemen       KK dengan                        of CoW with the Government of Republic
     Pemerintah Republik Indonesia. Amandemen                            Indonesia. The amendments were made to align
     tersebut dilakukan untuk menyesuaikan isi KK                        the contents of CoW with Law No. 4 year 2009
     dengan Undang-Undang No. 4 tahun 2009 tentang                       concerning Mineral and Coal Mining.
     Pertambangan Mineral dan Batubara.

     Amandemen KK tersebut, secara umum meliputi hal-                     In general, the CoW amendments include the
     hal sebagai berikut:                                                 following:
         1. Luas wilayah KK                                                   1. CoW area
         2. Keberlanjutan operasi usaha                                       2. Continuation of operation
         3. Penerimaan negara                                                 3. State revenue
         4. Kewajiban untuk melakukan pengolahan                              4. Obligation to do processing and refining
             dan pemurnian di dalam negeri                                        domestically
         5. Kewajiban       divestasi   saham    pada                         5. Divestment obligation to the Government,
             Pemerintah, pemerintah daerah, badan                                 local government, state-owned company,
             usaha milik negara, badan usaha milik                                local state-owned company or private
             daerah, atau badan usaha swasta nasional                             national company
         6. Kewajiban keutamaan penggunaan tenaga                             6. Obligation to prioritize domestic labor,
             kerja, barang dan jasa dalam negeri                                  goods and services

     Tidak ada perubahan untuk luas wilayah KK TTN,                      There was no change for the TTN’s CoW area,
     yaitu sebesar 30.848 hektar. Berdasarkan                            which covers 30,848 hectares. Based on CoW
     amandemen KK, TTN memiliki ijin operasional                         amendments, TTN has license to operate until
     sampai dengan 2041 dan dapat diperpanjang 2x10                      2041 and can be extended 2x10 years in form of
     tahun dalam bentuk IUPK. Penerimaan Negara akan                     IUPK. State revenue will follow prevailing rates,
     mengikuti tarif yang berlaku, kecuali untuk tarif pajak             except for corporate income tax which will still
     penghasilan badan yang tetap mengacu ke KK.                         follow CoW.

     TTN sudah melakukan kewajiban pengolahan dan                        TTN has been doing processing and refining
     pemurnian dalam negeri sejak pertama kali                           domestically since commencement of production.
     berproduksi. TTN sudah menyelesaikan kewajiban                      TTN had fulfilled its divestment obligation of its
     divestasi kepemilikan asing kepada badan swasta                     foreign ownership to a private national company in
     nasional pada bulan Februari 2016. TTN sudah                        the month of February 2016. TTN has been
     mengutamakan penggunaan tenaga kerja, barang                        prioritizing usage of domestic labor, goods and
     dan jasa dalam negeri.                                              services.


                                                               49
Page 251
                                                                                      The original consolidated financial statements included herein are in
                                                                                                                                 the Indonesian language.


              PT ARCHI INDONESIA TBK                                                                 PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                                    AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                                                NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                                       FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                                             As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                        for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                                   (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                                              unless otherwise stated)


4.   ENTITAS           ANAK          DAN        ENTITAS          ASOSIASI            4.      SUBSIDIARIES AND ASSOCIATE (continued)
     (lanjutan)

     Entitas Anak (lanjutan)                                                                 Subsidiaries (continued)

     KKM                                                                                     KKM

     KKM adalah perseroan terbatas yang didirikan dan                                        KKM is a limited liability company incorporated
     berkedudukan di Indonesia. Kantor dan tempat                                            and domiciled in Indonesia. KKM’s registered
     usaha utama KKM berlokasi di Rajawali Place lantai                                      office and principal place of business are located
     27, Jalan HR Rasuna Said Kav. B/4, Setiabudi,                                           at Rajawali Place floor 27th, Jalan HR Rasuna
     Jakarta Selatan, Indonesia. KKM terutama bergerak                                       Said Kav. B/4, Setiabudi, South Jakarta,
     dibidang jasa pertambangan.                                                             Indonesia. KKM is primarily involved in mining
                                                                                             services.

     EMAS                                                                                    EMAS

     Berdasarkan Akta Notaris Ritasari S.H., M.Kn., No. 1                                    Based on Notarial Deed No. 1 of Ritasari, S.H.,
     tanggal 10 April 2019, Perusahaan bersama PT                                            M.Kn. dated April 10, 2019, the Company
     Royal       Raffles       Capital        mendirikan                                     together with PT Royal Raffles Capital
     PT Elang Mulia Abadi Sempurna dengan                                                    established PT Elang Mulia Abadi Sempurna with
     kepemilikan masing-masing sebesar 51% dan 49%.                                          the ownership of 51% and 49%, respectively.
     Kantor EMAS berlokasi di Rajawali Place lantai 27,                                      EMAS’s registered office are located at Rajawali
     Jalan HR Rasuna Said Kav. B/4, Setiabudi, Jakarta                                       Place floor 27th, Jalan HR Rasuna Said Kav. B/4,
     Selatan, Indonesia, sedangkan lokasi utama                                              Setiabudi, South Jakarta, Indonesia while the
     kegiatan usaha EMAS adalah di Cimareme,                                                 principal place of EMAS’s business is at
     Bandung. EMAS terutama bergerak dibidang                                                Cimareme, Bandung. EMAS is primarily involved
     perdagangan dan pengolahan emas.                                                        in trading and gold processing.

     JPP                                                                                     JPP

     JPP adalah perseroan terbatas yang didirikan dan                                        JPP is a limited liability company incorporated
     berkedudukan di Indonesia. Kantor dan tempat                                            and domiciled in Indonesia. JPP’s registered
     usaha utama JPP berlokasi di Rajawali Place lantai                                      office and principal place of business are located
     27, Jalan HR Rasuna Said Kav. B/4, Setiabudi,                                           at Rajawali Place floor 27, Jalan HR Rasuna Said
     Jakarta Selatan, Indonesia. JPP terutama bergerak                                       Kav. B/4, Setiabudi, South Jakarta, Indonesia.
     dibidang jasa pertambangan.                                                             JPP is primarily involved in mining services.

     Entitas Asosiasi                                                                        Associate

     Investasi Perusahaan pada entitas asosiasi pada                                         The Company’s investment in associate as of
     tanggal 31 Desember 2023 dan 2022 adalah sebagai                                        December 31, 2023 and 2022 are as follows:
     berikut:

                                                                                                                                    Total Aset/
                                                                                          Kepemilikan Efektif/            (dalam Dolar Amerika Serikat)/
                                                                        Tahun             Effective Ownership                      Total Assets
                                                                       Operasi                   Interest                    (in United States Dollar)
                                                                      Komersial/
                                                     Jenis Usaha/       Start of      31 Desember/December 31,             31 Desember/December 31,
            Entitas Asosiasi/       Domisili/         Nature of       Commercial
              Associate             Domicile          Business        Operations      2023                   2022        2023                     2022

           PT Geopersada Mulia   Manado/         Jasa pertambangan/
             Abadi (“GMA”)       Manado          Mining services         2020        25%                         25%       77.567.811                 65.378.166




                                                                                50
Page 252
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


              PT ARCHI INDONESIA TBK                                             PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                   FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                               (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                          unless otherwise stated)


4.   ENTITAS       ANAK      DAN     ENTITAS    ASOSIASI          4.     SUBSIDIARIES AND ASSOCIATE (continued)
     (lanjutan)

     Entitas Asosiasi (lanjutan)                                         Associate (continued)

     GMA                                                                 GMA

     Berdasarkan Akta Notaris Ambat Stientje, S.H.,                      Based on Notarial Deed No. 1 of Ambat Stientje,
     MKn., No. 1 tanggal 2 Juni 2020, JPP bersama                        S.H., MKn. dated June 2, 2020, JPP together with
     PT Manado Karya Anugrah dan PT Global Ekuitas                       PT Manado Karya Anugrah and PT Global
     Nusantara mendirikan PT Geopersada Mulia Abadi,                     Ekuitas Nusantara established PT Geopersada
     entitas asosiasi, dengan kepemilikan masing-masing                  Mulia Abadi, an associate entity, with the
     sebesar 25%, 50% dan 25%. Kantor dan tempat                         ownership of 25%, 50% and 25%, respectively.
     usaha utama GMA berlokasi Kota Manado, Sulawesi                     GMA’s registered office and principal place of
     Utara, Indonesia. GMA terutama bergerak dibidang                    business are located at Manado, North Sulawesi,
     jasa pertambangan.                                                  Indonesia. GMA is primarily involved in mining
                                                                         services.

     Berikut ini adalah rincian investasi JPP di GMA:                    The following describes               detail      of    JPP’s
                                                                         investment in GMA:

                                                 2023             2022

         Nilai perolehan investasi                  171.774             171.774                               Cost of investment
         Akumulasi bagian atas laba                                                                   Accumulated share in profit
            dan penghasilan komprehensif lain      6.878.233           3.206.403               and other comprehensive income
         Dividen                                  (1.556.824)                  -                                        Dividend
         Pengaruh nilai tukar                       (289.710)           (256.669)                       Foreign exchange effects

         Nilai tercatat investasi                 5.203.473            3.121.508                    Carrying value of investment


         Ringkasan informasi keuangan:                                                  The summary of financial information:

         Total aset                              77.567.811        65.378.166                                             Total assets
         Total liabilitas                        56.753.920        52.892.132                                           Total liabilities

         Aset neto                               20.813.891        12.486.034                                               Net assets


         Laba tahun berjalan                     14.670.392            5.359.012                                 Profit for the year
         Bagian atas laba entitas asosiasi        3.667.598            1.339.753                     Share in profit of an associate


         Penghasilan komprehensif lain                                                               Other comprehensive income
           tahun berjalan                               16.928           40.589                                       for the year
         Bagian atas penghasilan                                                                     Share in other comprehensive
           komprehensif entitas asosiasi                 4.232           10.147                           income of an associate




                                                             51
Page 253
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.


              PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                            unless otherwise stated)


5.   KAS DAN SETARA KAS                                          5.      CASH AND CASH EQUIVALENTS

                                                 2023                 2022

     Kas                                             10.055                  9.694                                        Cash on hand

     Bank                                                                                                              Cash in banks
       Dolar AS                                                                                                          US Dollar
          PT Bank Mandiri (Persero)                                                                   PT Bank Mandiri (Persero)
            Tbk ("Mandiri")                       6.828.581            7.541.881                              Tbk ("Mandiri")
          PT Bank Rakyat Indonesia                                                                    PT Bank Rakyat Indonesia
            (Persero) Tbk ("BRI")                   162.607                96.571                      (Persero) Tbk ("BRI")
          Lain-lain                                 154.945               105.744                                        Others
       Rupiah                                                                                                              Rupiah
          Mandiri                                   408.023               873.635                                       Mandiri
          PT Bank Central Asia Tbk                  384.565               362.897                      PT Bank Central Asia Tbk
          Lain-lain                                  89.269                92.186                                        Others
       Mata uang lainnya                             69.680                89.832                                Others currencies

     Sub-total                                    8.097.670            9.162.746                                                Sub-total

     Setara kas - deposito berjangka                                                                  Cash equivalents - time deposit
       Rupiah                                                                                                               Rupiah
          Mandiri                                 1.212.452            1.166.994                                         Mandiri

     Total                                        9.320.177           10.339.434                                                    Total


      Pada tanggal 31 Desember 2023 dan 2022, kas                      As of December 31, 2023 and 2022, the Group’s cash
      Grup diasuransikan dengan nilai pertanggungan                    on hand is covered by insurance with coverage
      sebesar AS$800.000.                                              amount of US$800,000.

      Pada tanggal 31 Desember 2023 dan 2022, tidak                    As of December 31, 2023 and 2022, there are no
      terdapat saldo kas dan setara kas dengan pihak                   balance of cash and cash equivalents with related
      berelasi.                                                        parties.

      Rekening di bank memiliki tingkat bunga                          Accounts in bank earn interest at floating rates based
      mengambang sesuai dengan tingkat penawaran                       on the offered rate from bank. For the year ended
      pada bank. Untuk tahun yang berakhir pada tanggal                December 31, 2023 and 2022, time deposit in Rupiah
      31 Desember 2023 dan 2022, tingkat suku bunga                    earned annual interest at the rate of 2.5%
      tahunan atas deposito berjangka dalam mata uang                  (2022: 3.25%).
      Rupiah sebesar 2,5% (2022: 3,25%).

      Kas dan setara kas tertentu Grup digunakan sebagai               Certain cash and cash equivalents of the Group is
      jaminan atas fasilitas pinjaman yang diperoleh dari              pledged as collateral to the loan facilities obtained
      kreditor (Catatan 17).                                           from creditors (Note 17).




                                                            52
Page 254
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


6.   PIUTANG USAHA DAN LAIN-LAIN                                  6.      TRADE AND OTHER RECEIVABLES

     Piutang Usaha                                                         Trade Receivables

     Piutang usaha terdiri dari:                                           Trade receivables consists of:

                                                2023                   2022

     Pihak ketiga                                                                                                            Third parties
       Rupiah                                       53.538                 37.746                                               Rupiah
       Dolar AS                                          -              3.776.905                                            US Dollar

     Total                                          53.538              3.814.651                                                    Total


     Analisa umur piutang usaha adalah sebagai berikut:                    The aging analysis of trade receivables is as
                                                                           follows:

                                                2023                   2022

      Lancar dan tidak mengalami
        penurunan nilai                             53.538              3.814.651                        Neither past due nor impaired


     Pada tanggal 31 Desember 2023 dan 2022,                               As of December 31, 2023 and 2022, management
     manajemen berkeyakinan bahwa piutang usaha,                           believes that the trade receivables, are fully
     dapat ditagih sepenuhnya sehingga tidak diperlukan                    collectible and therefore no allowance for
     penyisihan kerugian penurunan nilai.                                  impairment loss is necessary.

     Piutang usaha tertentu Grup digunakan sebagai                         Certain trade receivables of the Group is pledged
     jaminan atas fasilitas pinjaman yang diperoleh dari                   as collateral to the loan facilities obtained from
     kreditur (Catatan 17). Piutang usaha tidak dikenakan                  creditors (Note 17). Trade receivables are non-
     bunga dan umumnya dikenakan syarat pembayaran                         interest bearing and generally on 1 to 30 days
     selama 1 sampai dengan 30 hari.                                       term of payment.

     Piutang Lain-lain                                                     Other Receivables

     Piutang lain-lain terdiri dari:                                       Other receivables consists of:

                                                2023                   2022

     Pihak ketiga                                                                                                        Third parties
     Kantor Pajak                                                                                                           Tax Office
       Pajak Penghasilan Badan                                                                                Corporate Income Tax
         2022                                    5.563.899                       -                                               2022
         2021                                            -                  25.047                                               2021
       PPN                                                                                                                     VAT
         2023                                   11.859.229                      -                                                2023
         2022                                            -             14.693.093                                                2022

     Sub-total (Catatan 12a)                    17.423.128             14.718.140                                   Sub-total (Note 12a)
     Lain-lain                                   1.669.128              1.860.684                                                Others

     Total                                      19.092.256             16.578.824                                                    Total


     Pada tanggal 31 Desember 2023 dan 2022,                               As of December 31, 2023 and 2022, management
     manajemen berkeyakinan bahwa piutang lain-lain,                       believes that the other receivables, are fully
     dapat ditagih sepenuhnya sehingga tidak diperlukan                    collectible and therefore no allowance for
     penyisihan kerugian penurunan nilai.                                  impairment loss is necessary.




                                                             53
Page 255
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.


              PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                            unless otherwise stated)


6.   PIUTANG USAHA DAN LAIN-LAIN (lanjutan)                      6.      TRADE       AND             OTHER            RECEIVABLES
                                                                         (continued)
     Piutang Lain-lain (lanjutan)                                         Other Receivables (continued)
     Piutang lain-lain tertentu Grup digunakan sebagai                    Certain other receivables of the Group is pledged
     jaminan atas fasilitas pinjaman yang diperoleh dari                  as collateral to the loan facilities obtained from
     kreditur (Catatan 17). Piutang lain-lain tidak                       creditors (Note 17). Other receivables are non-
     dikenakan bunga.                                                     interest bearing.


7.   PERSEDIAAN                                                  7.      INVENTORIES
     Persediaan terdiri atas:                                          Inventories consist of:
                                                 2023                 2022

     Barang jadi - emas batangan dan                                                              Finished goods - gold bar and dore
        dore bullions, pada biaya perolehan      8.719.790             8.620.924                                  bullions, at cost
     Persediaan (dore bullions) dalam proses
        proses, pada biaya perolehan             2.835.719             3.705.450                     Dore bullions in process, at cost
     Bijih emas tersedia untuk diproses                                                                         Gold ore available for
        (stockpiles), pada biaya perolehan      27.680.608            17.428.881                    processing (stockpiles), at cost
     Suku cadang dan bahan pembantu,                                                                   Spare parts and consumables,
        pada nilai realisasi neto               21.549.250            21.174.933                             at net realizable value

     Total persediaan lancar                    60.785.367            50.930.188                            Total current inventories

     Bijih emas tersedia untuk diproses                                                                         Gold ore available for
         (stockpiles), pada biaya perolehan     66.284.625            96.317.883                    processing (stockpiles), at cost

     Total persediaan tidak lancar              66.284.625            96.317.883                      Total non-current inventories


     Perubahan saldo penyisihan keusangan dan nilai                       The movements in the balance of allowance for
     realisasi neto persediaan adalah sebagai berikut:                    obsolescence and net realizable value of
                                                                          inventories are as follows:
                                                 2023                 2022

     Saldo awal                                  4.268.764             3.917.914                                  Beginning balance
     Penyisihan tahun berjalan                     245.836               350.850                                Provision for the year


     Saldo akhir                                 4.514.600             4.268.764                                      Ending balance


     Sebagian persediaan bijih kadar rendah disajikan                     A portion of sub-grade ore inventories are
     sebagai persediaan tidak lancar, karena Grup tidak                   presented as non-current inventories, as the
     mempunyai rencana untuk mengolahnya dalam                            Group does not have a plan to process them
     waktu 12 bulan setelah tanggal laporan posisi                        within 12 months after the date of the consolidated
     keuangan konsolidasian.                                              statement of financial position.

     Berdasarkan hasil penelaahan terhadap harga pasar                    Based on a review of the market prices and
     dan kondisi fisik persediaan pada tanggal pelaporan,                 physical conditions of the inventories at the
     manajemen berkeyakinan bahwa penyisihan tersebut                     reporting dates, management believes that the
     cukup untuk menutup kemungkinan kerugian dari                        allowance is adequate to cover any possible
     keusangan dan penurunan nilai persediaan.                            losses from obsolescence and decline in market
                                                                          values of inventories.




                                                            54
Page 256
                                                                                                          The original consolidated financial statements included herein are in
                                                                                                                                                     the Indonesian language.


               PT ARCHI INDONESIA TBK                                                                                  PT ARCHI INDONESIA TBK
                DAN ENTITAS ANAKNYA                                                                                     AND ITS SUBSIDIARIES
               CATATAN ATAS LAPORAN                                                                                 NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN (lanjutan)                                                                        FINANCIAL STATEMENTS (continued)
            Tanggal 31 Desember 2023 dan                                                                              As of December 31, 2023 and
      Tahun yang Berakhir pada Tanggal Tersebut                                                                         for the Year Then Ended
        (Disajikan dalam Dolar Amerika Serikat,                                                                    (Expressed in United States Dollar,
                 kecuali dinyatakan lain)                                                                               unless otherwise stated)


7.   PERSEDIAAN (lanjutan)                                                                           7.      INVENTORIES (continued)

     Pada tanggal 31 Desember 2023 dan 2022, sebagian                                                         As of December 31, 2023 and 2022, small portion
     kecil   persediaan   diasuransikan.  Manajemen                                                           of inventories were insured. Management
     berpendapat bahwa langkah-langkah mitigasi risiko                                                        believes that adequate risk mitigation measures
     sudah memadai untuk meminimalkan risiko                                                                  have been put in place to minimize the risk of loss
     kehilangan persediaan.                                                                                   of inventory.
     Persediaan tertentu Grup digunakan sebagai jaminan                                                       Certain inventories of the Group are pledged as
     atas fasilitas pinjaman yang diperoleh dari kreditur                                                     collateral to the loan facilities obtained from
     (Catatan 17).                                                                                            creditors (Note 17).


8.   KAS YANG DIBATASI PENGGUNAANNYA                                                                 8.       RESTRICTED CASH

                                                                       2023                               2022

     Dolar AS                                                                                                                                                        US Dollar
       Jaminan penutupan
          tambang (Catatan 20)                                        11.156.638                          10.915.417                 Mine closure guarantee (Note 20)
       Pinjaman bank (Catatan 17)                                          8.930                           2.022.047                             Bank loans (Note 17)
     Mata uang lainnya                                                                                                                                  Other currencies
       Pinjaman bank (Catatan 17)                                             22.124                          138.222                            Bank loans (Note 17)

     Total                                                            11.187.692                          13.075.686                                                  Total
     Dikurangi bagian lancar                                              31.054                           2.160.269                                   Less current portion

     Bagian tidak lancar                                              11.156.638                          10.915.417                                  Non-current portion



9.   ASET TETAP                                                                                      9.       FIXED ASSETS
                                                                    31 Desember 2023/December 31, 2023

                                                                                                          Selisih kurs
                                                                                                      karena penjabaran
                                          Saldo awal/                                                  laporan keuangan/
                                          Beginning         Penambahan/         Reklasifikasi/            Translation        Saldo akhir/
                                           balance           Additions         Reclassifications          adjustment        Ending balance

     Biaya Perolehan:                                                                                                                                                          Cost:
     Tanah                                    836.479                   -                    -                    17.147           853.626                                      Land
     Bangunan dan prasarana                17.268.822             261.611              514.344                    15.673        18.060.450             Buildings and improvements
     Pabrik dan peralatan                 205.578.342             898.009               64.341                    15.565       206.556.257                     Plant and equipment
     Perabotan dan                                                                                                                                             Office furnitures and
        perlengkapan kantor                  9.311.116            148.789               37.549                     5.241         9.502.695                                fixtures
     Kendaraan                              10.980.673                  -                    -                     4.887        10.985.560                                  Vehicles
     Aset purnaoperasi                                                                                                                                            Decommissioning
        dan restorasi                        6.288.445                  -                    -                         -         6.288.445                 and restoration assets
     Aset dalam penyelesaian                28.049.830         54.847.691          (31.195.615)                   18.148        51.720.054                 Construction in progress

     Total                                278.313.707          56.156.100          (30.579.381) *)                76.661       303.967.087                                    Total

     Akumulasi Penyusutan:                                                                                                                            Accumulated Depreciation:
     Bangunan dan prasarana                 6.623.438              472.637                       -                   741         7.096.816             Buildings and improvements
     Pabrik dan peralatan                 107.308.208            7.046.717                       -                 2.449       114.357.374                     Plant and equipment
     Perabotan dan                                                                                                                                             Office furnitures and
        perlengkapan kantor                  4.828.283           1.174.977                       -                 1.315         6.004.575                                fixtures
     Kendaraan                               8.814.644             317.794                       -                   860         9.133.298                                  Vehicles
     Aset purnaoperasi                                                                                                                                            Decommissioning
        dan restorasi                        3.913.839              78.442                       -                      -        3.992.281                 and restoration assets

     Total                                131.488.412            9.090.567                       -                 5.365       140.584.344                                    Total

     Akumulasi penurunan nilai:                                                                                                                          Accumulated impairment:
     Bangunan dan prasarana                  3.917.180                    -                      -                      -        3.917.180             Buildings and improvements
     Pabrik dan peralatan                      190.797                    -                      -                      -          190.797                     Plant and equipment
     Kendaraan                                  18.220                    -                      -                      -           18.220                                 Vehicles

     Total                                   4.126.197                    -                      -                      -        4.126.197                                    Total

     Nilai Tercatat Neto                  142.699.098                                                                          159.256.546                  Net Carrying Amount

     *) Pengalihan ke properti pertambangan (Catatan 11)/Transfer to mine properties (Note 11)




                                                                                     55
Page 257
                                                                                                          The original consolidated financial statements included herein are in
                                                                                                                                                     the Indonesian language.


               PT ARCHI INDONESIA TBK                                                                                  PT ARCHI INDONESIA TBK
                DAN ENTITAS ANAKNYA                                                                                     AND ITS SUBSIDIARIES
               CATATAN ATAS LAPORAN                                                                                 NOTES TO THE CONSOLIDATED
        KEUANGAN KONSOLIDASIAN (lanjutan)                                                                        FINANCIAL STATEMENTS (continued)
            Tanggal 31 Desember 2023 dan                                                                              As of December 31, 2023 and
      Tahun yang Berakhir pada Tanggal Tersebut                                                                         for the Year Then Ended
        (Disajikan dalam Dolar Amerika Serikat,                                                                    (Expressed in United States Dollar,
                 kecuali dinyatakan lain)                                                                               unless otherwise stated)


9.   ASET TETAP (lanjutan)                                                                           9.       FIXED ASSETS (continued)

                                                                    31 Desember 2022/December 31, 2022

                                                                                                          Selisih kurs
                                                                                                      karena penjabaran
                                          Saldo awal/                                                  laporan keuangan/
                                          Beginning         Penambahan/          Reklasifikasi/           Translation         Saldo akhir/
                                           balance           Additions          Reclassifications         adjustment         Ending balance

     Biaya Perolehan:                                                                                                                                                          Cost:
     Tanah                                    922.461                    -                    -                  (85.982)          836.479                                      Land
     Bangunan dan prasarana                15.569.471              719.873              990.251                  (10.773)       17.268.822             Buildings and improvements
     Pabrik dan peralatan                 200.313.009            1.536.695            3.784.374                  (55.736)      205.578.342                     Plant and equipment
     Perabotan dan                                                                                                                                             Office furnitures and
        perlengkapan kantor                  6.911.850            993.522             1.421.664                   (15.920)       9.311.116                                fixtures
     Kendaraan                              10.979.950             24.226                     -                   (23.503)      10.980.673                                  Vehicles
     Aset purnaoperasi                                                                                                                                            Decommissioning
        dan restorasi                        6.288.445                   -                    -                         -        6.288.445                 and restoration assets
     Aset dalam penyelesaian                36.100.603           3.569.751          (11.614.397)                   (6.127)      28.049.830                 Construction in progress

     Total                                277.085.789            6.844.067           (5.418.108) *)              (198.041)     278.313.707                                    Total

     Akumulasi Penyusutan:                                                                                                                            Accumulated Depreciation:
     Bangunan dan prasarana                 6.369.493              259.710                       -                 (5.765)       6.623.438             Buildings and improvements
     Pabrik dan peralatan                 101.062.232            6.260.151                       -                (14.175)     107.308.208                     Plant and equipment
     Perabotan dan                                                                                                                                             Office furnitures and
        perlengkapan kantor                  4.195.023            641.044                        -                 (7.784)        4.828.283                               fixtures
     Kendaraan                               8.300.929            518.672                        -                 (4.957)        8.814.644                                 Vehicles
     Aset purnaoperasi                                                                                                                                            Decommissioning
        dan restorasi                        3.846.679              67.160                       -                      -         3.913.839                and restoration assets

     Total                                123.774.356            7.746.737                       -                (32.681)     131.488.412                                    Total

     Akumulasi penurunan nilai:                                                                                                                          Accumulated impairment:
     Bangunan dan prasarana                  3.917.180                    -                      -                      -         3.917.180            Buildings and improvements
     Pabrik dan peralatan                      190.797                    -                      -                      -           190.797                    Plant and equipment
     Kendaraan                                  18.220                    -                      -                      -            18.220                                Vehicles

     Total                                   4.126.197                    -                      -                      -         4.126.197                                   Total

     Nilai Tercatat Neto                  149.185.236                                                                          142.699.098                  Net Carrying Amount


     *) Pengalihan ke properti pertambangan (Catatan 11)/Transfer to mine properties (Note 11)


     Rincian pembebanan biaya penyusutan adalah                                                               The detailed charges of depreciation expense is
     sebagai berikut:                                                                                         as follows:

                                                                       2023                               2022

     Beban pokok penjualan
       (Catatan 25)                                                     8.955.660                          7.629.578                          Cost of goods sold (Note 25)
     Beban umum dan administrasi                                                                                                               General and administrative
       (Catatan 26)                                                           134.907                         117.159                               expenses (Note 26)

     Total                                                              9.090.567                          7.746.737                                                       Total


     Beberapa aset tetap Grup digunakan sebagai                                                               Certain fixed assets of the Group are pledged as
     jaminan atas fasilitas pinjaman yang diperoleh dari                                                      collateral to the loan facilities obtained from
     kreditur (Catatan 17). Selain itu, kendaraan yang                                                        creditors (Note 17). Vehicles, which acquisitions
     diperoleh melalui utang pembiayaan konsumen                                                              were financed by consumer finance loans, are
     dijaminkan terhadap pinjaman terkait.                                                                    pledged to the respective loan.




                                                                                      56
Page 258
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.


              PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
               DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
       KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
           Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
     Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
       (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
                kecuali dinyatakan lain)                                             unless otherwise stated)


9.   ASET TETAP (lanjutan)                                        9.       FIXED ASSETS (continued)

     Pada tanggal 31 Desember 2023 dan 2022, aset                          As of December 31, 2023 and 2022, fixed assets
     tetap telah diasuransikan terhadap risiko kerugian                    are covered by insurance against material
     atas kerusakan alat, kehilangan keuntungan dan                        damage, loss on profit and other risks under
     risiko lainnya dengan nilai pertanggungan masing-                     blanket insurance policies with combined
     masing       sebesar       AS$412.081.305     dan                     coverage amounting to US$412,081,305 and
     AS$390.527.442,        yang    menurut   pendapat                     US$390,527,442       respectively,    which     in
     manajemen cukup untuk menutup kemungkinan                             management’s opinion, is adequate to cover
     kerugian atas risiko tersebut.                                        possible losses that may arise from such risks.

     Biaya perolehan aset tetap Grup yang telah                            The cost of the Group’s fixed assets which are
     disusutkan penuh dan masih digunakan pada                             fully depreciated and still being used as at
     tanggal-tanggal 31 Desember 2023 dan 2022 adalah                      December 31, 2023 and 2022 amounted to
     masing-masing sebesar AS$17.404.031         dan                       US$17,404,031          and     US$16,289,170,
     AS$16.289.170.                                                        respectively.

     Berdasarkan hasil penelaahan pada akhir tahun,                        Based on the results of review at year-end, the
     manajemen berkeyakinan bahwa tidak terdapat                           management believes there were no impairment
     indikasi penurunan nilai atas aset tetap, kecuali                     indicators for fixed assets, except as disclose in
     seperti diungkapkan pada paragraf selanjutnya.                        the succeeding paragraph.

     Berdasarkan hasil penelaahan penurunan nilai pada                     Based on the results of impairment evaluation at
     akhir tahun atas kelompok aset tetap bangunan dan                     year-end on the fixed assets classes of buildings
     prasarana, pabrik dan peralatan dan kendaraan,                        and improvements, plant and equipment and
     manajemen berkeyakinan bahwa penyisihan atas                          vehicles, the management believes that the
     kerugian penurunan nilai aset tetap di atas cukup                     allowance for impairment losses stated above is
     untuk menutup kerugian atas penurunan nilai aset                      sufficient to cover losses from impairment of such
     tetap tersebut.                                                       fixed assets.

     Rincian aset tetap dalam penyelesaian adalah                          The details of constructions in-progress are as
     sebagai berikut:                                                      follows:
                                  Persentase        Akumulasi               Estimasi Tahun
                                 Penyelesaian/        Biaya/                 Penyelesaian/
                                 Percentage of     Accumulated              Estimated Year
                                  Completion           Cost                  of Completion

     31 Desember 2023                                                                                              December 31, 2023
     Bangunan dan prasarana                 85%           49.314.617                   2024                  Building and improvement
     Pabrik dan peralatan                   90%            2.405.437              2024-2025                        Plant and equipment

     Total                                                51.720.054                                                              Total

     31 Desember 2022                                                                                              December 31, 2022
     Bangunan dan prasarana                  7%            3.791.897                   2023                  Building and improvement
     Pabrik dan peralatan                   90%           24.257.933              2023-2024                        Plant and equipment

     Total                                                28.049.830                                                              Total



     Pada tahun 2023 dan 2022, terdapat aset dalam                         During the 2023 and 2022, there were
     penyelesaian yang direklasifikasi ke properti                         constructions in progress that were transferred to
     pertambangan karena pekerjaannya sudah selesai.                       mine properties as constructions have been
                                                                           completed.




                                                          57
Page 259
                                                               The original consolidated financial statements included herein are in
                                                                                                          the Indonesian language.


            PT ARCHI INDONESIA TBK                                          PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                            (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                       unless otherwise stated)


10. ASET EKSPLORASI DAN EVALUASI                              10. EXPLORATION AND EVALUATION ASSETS
                                              2023             2022

   Saldo awal                                58.819.920        57.724.890                                   Beginning balance
   Penambahan                                 7.800.972         5.103.104                                             Additions
   Pengalihan ke properti pertambangan                                                              Transfer to mine properties
     (Catatan 11)                              (957.455)        (4.008.074)                                        (Note 11)

   Saldo akhir                               65.663.437        58.819.920                                       Ending balance



   Aset eksplorasi dan evaluasi Grup dimiliki oleh MSM             The Group’s exploration and evaluation assets
   dan TTN dengan rincian sebagai berikut:                         belong to MSM and TTN with details as follows:

   MSM                                                                                                                       MSM
                                              2023             2022

   Saldo awal                                27.818.378        26.212.219                                   Beginning balance
   Penambahan                                 3.908.466         1.891.118                                             Additions
   Transfer ke properti pertambangan           (415.600)         (284.959)                          Transfer to mine properties

   Saldo akhir                               31.311.244        27.818.378                                       Ending balance

   TTN                                                                                                                        TTN
                                              2023             2022

   Saldo awal                                31.001.542        31.512.671                                   Beginning balance
   Penambahan                                 3.892.506         3.211.986                                             Additions
   Transfer ke properti pertambangan           (541.855)       (3.723.115)                          Transfer to mine properties

   Saldo akhir                               34.352.193        31.001.542                                       Ending balance



11. PROPERTI PERTAMBANGAN                                     11. MINE PROPERTIES

                                              2023             2022

   Saldo awal                               594.162.797       527.339.034                                     Beginning balance
   Penambahan                                16.246.225        24.654.341                                             Additions
   Total biaya yang dikapitalisasi
     (Catatan 25)                            42.091.054        32.743.240                      Total cost capitalized (Note 25)
   Pengalihan dari aset tetap
     (Catatan 9)                             30.579.381         5.418.108                  Transfer from fixed assets (Note 9)
   Pengalihan dari aset eksplorasi                                                              Transfer from exploration and
     dan evaluasi (Catatan 10)                  957.455         4.008.074                      evaluation assets (Note 10)

   Saldo akhir                              684.036.912       594.162.797                                        Ending balance

   Akumulasi amortisasi                                                                              Accumulated amortization
   Saldo awal                               243.263.781       214.564.386                                 Beginning balance
   Penambahan (Catatan 25)                   16.504.288        28.699.395                                 Additions (Note 25)

   Saldo akhir                              259.768.069       243.263.781                                        Ending balance

   Akumulasi penurunan nilai                 39.668.894        39.668.894                        Accumulated impairment loss

   Neto                                     384.599.949       311.230.122                                                      Net



   Manajemen berkeyakinan bahwa penyisihan atas                    The management believes that the allowance for
   kerugian penurunan nilai properti pertambangan di               impairment losses of mine properties mentioned
   atas cukup untuk menutup kerugian atas penurunan                above is sufficient to cover losses from
   nilai properti pertambangan tersebut.                           impairment of such mine properties.



                                                         58
Page 260
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.


            PT ARCHI INDONESIA TBK                                                  PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                        FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                              As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                    (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                               unless otherwise stated)


12. PERPAJAKAN                                                       12. TAXATION

   a.   Tagihan   dan    Keberatan            atas      Hasil            a.    Claims for Tax Refund                        and      Tax
        Pemeriksaan Pajak                                                      Assessments under Appeals

        Rincian tagihan dan keberatan atas hasil                               The details of claims for tax refund and tax
        pemeriksaan pajak adalah sebagai berikut:                              assessments under appeals are as follows:

                                                     2023             2022

        Pajak Penghasilan Badan                                                                                 Corporate Income Tax
          2023                                        6.835.714                -                                              2023
          2022                                        5.563.899        5.584.743                                              2022
          2021                                                -           25.047                                              2021
        PPN                                                                                                                      VAT
          2023                                       20.269.227                -                                              2023
          2022                                                -       14.693.093                                              2022
          2021                                                -          107.504                                              2021
          2014                                                -           74.379                                              2014

        Total                                        32.668.840       20.484.766                                                 Total
        Dikurangi bagian lancar (Catatan 6)          17.423.128       14.718.140                         Less current portion (Note 6)

        Bagian tidak lancar                          15.245.712        5.766.626                                  Non-current portion


        Beban pajak atas hasil pemeriksaan, keberatan                          Tax expenses arising from tax audits,
        dan banding sudah dicatat pada laba rugi                               objections and appeals, were recorded in the
        konsolidasian pada tahun terkait.                                      profit or loss of the respective years.

        Sampai dengan tanggal penyelesaian laporan                             Up to the completion date of the consolidated
        keuangan konsolidasian ini, tagihan atas PPN                           financial statements, claims for tax refund
        tahun 2023 masih menunggu keputusan dari                               concerning VAT for year 2023 are awaiting
        Kantor Pajak.                                                          decisions from the Tax Office.




                                                                59
Page 261
                                                            The original consolidated financial statements included herein are in
                                                                                                       the Indonesian language.


            PT ARCHI INDONESIA TBK                                        PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                              FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                     unless otherwise stated)


12. PERPAJAKAN (lanjutan)                                  12. TAXATION (continued)

   b.   Utang Pajak                                            b.    Taxes Payable

                                            2023            2022

        Pajak penghasilan                                                                                       Income taxes
          Pasal 4 (2)                           1.007           55.901                                          Article 4 (2)
          Pasal 21                            337.368          369.196                                            Article 21
          Pasal 22                                170            2.613                                            Article 22
          Pasal 23                            297.736          468.962                                            Article 23
          Pasal 25                            987.085        1.284.777                                            Article 25
          Pasal 29                              5.634        3.507.778                                            Article 29
        PPN                                    82.260           25.917                                                     VAT

        Total                                1.711.260       5.715.144                                                    Total


   c.   Komponen Pajak Penghasilan Badan                       c.    Components of Corporate Income Tax

        Rincian dari beban pajak penghasilan adalah                  Details of income tax expense are as follows:
        sebagai berikut:

                                            2023            2022

        Dibebankan ke laba rugi                                                                   Charged to profit or loss
        Pajak penghasilan badan -                                                                    Corporate income tax-
           tahun berjalan                   (4.320.504)     (12.744.338)                                   current year
        Penyesuaian atas tahun                                                                      Adjustments in respect
           sebelumnya                          (47.365)      (3.184.723)                          of the previous years

                                            (4.367.869)    (15.929.061)

        Pajak tangguhan                                                                                        Deferred tax
            Tahun berjalan                  (8.895.977)         110.989                                    Current year
            Penyesuaian atas tahun                                                              Adjustments in respect
               Sebelumnya                    (185.933)       1.781.620                          of the previous years

                                            (9.081.910)      1.892.609


        Beban pajak penghasilan yang                                                                Income tax expense
           dibebankan ke laba rugi         (13.449.779)     (14.036.452)                     charged to profit or loss

        Dibebankan ke penghasilan
            komprehensif lain                                                   Charged to other comprehensive income
        Pajak tangguhan                                                                                    Deferred tax
            Pengukuran kembali                                                                   Re-measurement of
               liabilitas imbalan kerja         17.497        (461.478 )               employee benefits liability




                                                      60
Page 262
                                                                  The original consolidated financial statements included herein are in
                                                                                                             the Indonesian language.


            PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                           unless otherwise stated)


12. PERPAJAKAN (lanjutan)                                        12. TAXATION (continued)

   d.   Rekonsiliasi Pajak Penghasilan Badan                         d.    Reconciliation of Corporate Income Tax

        Rekonsiliasi antara laba sebelum beban pajak                       The reconciliation between the profit before
        penghasilan seperti yang tercantum dalam                           income tax expense as shown in the
        laporan laba rugi dan penghasilan komprehensif                     consolidated statement of profit or loss and
        lain konsolidasian dan rugi fiskal adalah sebagai                  other comprehensive income and the tax loss
        berikut:                                                           is as follows:

                                                2023              2022

        Laba sebelum beban pajak
           penghasilan                          28.208.903        28.573.265                    Profit before income tax expense
        Dikurangi laba entitas anak                                                                       Less subsidiaries’ profit
           sebelum pajak penghasilan           (40.163.819)       (35.562.743)                               before income tax
        Ditambah penghasilan dividen             1.556.201                  -                                Add dividend income

        Rugi sebelum pajak                                                                                             Loss before
          penghasilan - Perusahaan             (10.398.715)        (6.989.478)                        income tax- the Company
        Beda tetap                                                                                         Permanent differences
        Penghasilan bunga yang                                                                            Interest income already
          dikenakan pajak final                    (23.724)           (67.897)                             subjected to final tax
        Biaya yang tidak dapat
          dikurangkan untuk tujuan
          pajak                                    255.005         1.131.682                             Non-deductible expenses
        Penghasilan dividen                     (1.556.201)                -                                    Dividend income

        Rugi fiskal                            (11.723.635)        (5.925.693)                                           Tax loss
        Rugi fiskal                                                                                      Tax loss carried forward
          awal tahun                           (57.559.180)       (69.768.500)                             at beginning of year
        Rugi fiskal kadaluwarsa                 14.095.414         18.135.013                  Expired tax loss carried forward

        Akumulasi rugi fiskal                                                           Accumulated tax loss carried forward
          akhir tahun - Perusahaan             (55.187.401)       (57.559.180)               at end of year - the Company


        Jumlah rugi fiskal dan akumulasi rugi fiskal                       The amount of tax loss and accumulated tax
        Perusahaan untuk tahun 2023 seperti yang                           loss carried forward for 2023, as stated in the
        disebutkan di atas akan dilaporkan oleh                            foregoing, will be reported by the Company in
        Perusahaan dalam Surat Pemberitahuan                               its 2023 annual income tax returns
        Tahunan Pajak Penghasilan Badan (“SPT PPh                          (“SPT PPh Badan”).
        Badan”) tahun 2023.

        Jumlah rugi fiskal dan akumulasi rugi fiskal                       The amount of tax loss and accumulated tax
        Perusahaan untuk tahun 2022 seperti yang                           loss carried forward for 2022, as stated in the
        disebutkan di atas telah dilaporkan oleh                           foregoing, have been reported by the
        Perusahaan dalam SPT PPh Badan tahun 2022.                         Company in its 2022 annual income tax
                                                                           returns.




                                                            61
Page 263
                                                               The original consolidated financial statements included herein are in
                                                                                                          the Indonesian language.


            PT ARCHI INDONESIA TBK                                           PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                 FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                             (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                        unless otherwise stated)


12. PERPAJAKAN (lanjutan)                                     12. TAXATION (continued)

   d.   Rekonsiliasi    Pajak    Penghasilan     Badan            d.    Reconciliation of Corporate Income Tax
        (lanjutan)                                                      (continued)

        Pada tanggal 31 Desember 2023, Grup memiliki                    As of December 31, 2023, the Group has tax
        rugi fiskal yang dapat dikompensasi dengan                      losses carried forward which can be utilized
        penghasilan kena pajak di masa depan sampai                     against future taxable income up to five years
        dengan lima tahun sejak rugi fiskal tersebut                    since the tax loss reported amounting to
        dilaporkan sebesar AS$55.187.401 (2022:                         US$55,187,401 (2022: US$57,559,180).
        AS$57.559.180).

        Pada tanggal 31 Desember 2023, untuk                            As of December 31, 2023, for a portion of the
        sebagian dari jumlah rugi fiskal yang dapat                     above-mentioned tax loss carried forward,
        dikompensasi     di   atas,    yaitu  sebesar                   amounting     to    US$55,187,401      (2022:
        AS$55.187.401 (2022: AS$57.559.180), Grup                       US$57,559,180), the Group does not
        tidak mengakui aset pajak tangguhannya karena                   recognize the related deferred tax assets that
        tidak memenuhi syarat pengakuan. Apabila aset                   do not fulfill recognition criteria. If these
        pajak tangguhan tersebut dapat diakui, maka                     deferred tax assets are recognized, retained
        saldo    laba   akan     meningkat    sebesar                   earnings    would      be    increased      by
        AS$12.141.228 (2022: AS$12.663.020).                            US$12,141,228 (2022: US$12,663,020).

        Rekonsiliasi antara beban pajak penghasilan                     A reconciliation between income tax expense,
        yang dihitung dengan menggunakan tarif pajak                    as calculated by applying the applicable tax
        yang berlaku atas laba sebelum beban pajak                      rate to profit before income tax expense, and
        penghasilan dengan beban pajak penghasilan                      income tax expense as shown in the
        seperti yang disajikan dalam laporan laba                       consolidated statements of profit lor loss and
        rugi dan penghasilan komprehensif lain                          other comprehensive income is as follows:
        konsolidasian adalah sebagai berikut:

                                                2023           2022

         Laba sebelum beban
           pajak penghasilan                   28.208.903      28.573.265                    Profit before income tax expense

         Beban pajak penghasilan
           berdasarkan tarif yang                                                                         Income tax expense
           berlaku                             (10.275.942)    (10.110.380)                           at the applicable rate
         Pengaruh pajak atas beda tetap:                                                Tax effects of permanent differences:
         Penghasilan yang sudah
           dikenakan pajak yang                                                                       Income already subjected
           bersifat final                         433.926           64.119                                to final income tax
         Beban yang tidak dapat
           dikurangkan untuk
           tujuan pajak                          (793.785)      (1.185.051)                        Non-deductible expenses
         Penyesuaian pajak tangguhan                                                       Deferred tax adjustment in respect
           atas tahun sebelumnya                 (185.933)      1.781.620                             of the previous years
         Penyesuaian atas pajak
           penghasilan badan tahun                                                          Adjustment in respect of corporate
           sebelumnya                              (47.365)     (3.184.723)                income tax of the previous years
         Rugi fiskal yang tidak
           dapat terealisasi                    (2.579.200)     (1.305.104)                              Unrecoverable tax loss
         Lain-lain                                  (1.480)        (96.933)                                             Others

         Beban pajak penghasilan
           sesuai dengan laporan                                                                         Income tax expense
           laba rugi dan penghasilan                                                           per consolidated statement
           komprehensif lain                                                                    of profit or loss and other
           konsolidasian                       (13.449.779)    (14.036.452)                        comprehensive income




                                                         62
Page 264
                                                                                   The original consolidated financial statements included herein are in
                                                                                                                              the Indonesian language.


            PT ARCHI INDONESIA TBK                                                              PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                             NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                                    FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                          As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                           unless otherwise stated)


12. PERPAJAKAN (lanjutan)                                                       12. TAXATION (continued)

   e.     Aset dan Liabilitas Pajak Tangguhan                                        e.       Deferred Tax Assets and Liabilities

          Rincian pajak tangguhan adalah sebagai berikut:                                     The details of the deferred tax are as follow:

                                                                                Penghasilan
                                                                               Komprehensif
                                             Saldo                                  Lain/            Saldo
                                             Awal/                                 Other             Akhir/
                                           Beginning        Laba Rugi/        Comprehensive         Ending
                                            Balance        Profit or Loss         Income            Balance

        2023                                                                                                                                     2023
        Aset Pajak Tangguhan                                                                                                    Deferred Tax Assets
        Aset tetap                             29.540             (32.146)                 -            (2.606)                        Fixed assets
        Liabilitas imbalan kerja              105.130              24.025              9.843           138.998              Employee benefits liability
        Rugi fiskal yang dapat
           dikompensasi                         28.964             25.421                     -          54.385               Tax loss carried forward

        Total aset pajak tangguhan            163.634              17.300              9.843           190.777             Total deferred tax assets


        Liabilitas Pajak Tangguhan                                                                                             Deferred Tax Liabilities
        Provisi nilai realisasi                                                                                            Provision for net realizable
          neto persediaan                    1.494.067            86.043                   -          1.580.110                 value of inventories
        Aset tetap                         (44.269.487 )      (9.529.089 )                 -        (53.798.576)                          Fixed assets
        Provisi penutupan tambang            4.070.429           252.915                   -          4.323.344             Provision for mine closure
        Liabilitas imbalan kerja             1.636.812           218.462               7.654          1.862.928             Employee benefits liability
        Lain-lain                             (105.682)           (4.706)                  -           (110.388)                                Others
        Rugi fiskal yang dapat
           dikompensasi                     2.275.395           (122.835 )                    -      2.152.560                Tax loss carried forward

        Total liabilitas pajak tangguhan   (34.898.466 )      (9.099.210)              7.654        (43.990.022)        Total deferred tax liabilities


        2022                                                                                                                                     2022
        Aset Pajak Tangguhan                                                                                                    Deferred Tax Assets
        Aset tetap                             (3.988 )            33.528                  -            29.540                         Fixed assets
        Liabilitas imbalan kerja              203.327             (36.341 )          (61.856)          105.130              Employee benefits liability
        Rugi fiskal yang dapat
           dikompensasi                                -           28.964                     -          28.964               Tax loss carried forward

        Total aset pajak tangguhan            199.339              26.151            (61.856)          163.634             Total deferred tax assets


        Liabilitas Pajak Tangguhan                                                                                             Deferred Tax Liabilities
        Provisi nilai realisasi                                                                                            Provision for net realizable
          neto persediaan                    1.371.270           122.797                   -          1.494.067                 value of inventories
        Aset tetap                         (43.635.559 )        (633.928 )                 -        (44.269.487)                          Fixed assets
        Provisi penutupan tambang            3.833.442           236.987                   -          4.070.429             Provision for mine closure
        Liabilitas imbalan kerja             2.073.101           (36.667 )          (399.622)         1.636.812             Employee benefits liability
        Lain-lain                               (7.556)          (98.126 )                 -           (105.682)                                Others
        Rugi fiskal yang dapat
           dikompensasi                                -       2.275.395                      -      2.275.395                Tax loss carried forward

        Total liabilitas pajak tangguhan   (36.365.302 )       1.866.458            (399.622)       (34.898.466)        Total deferred tax liabilities




                                                                        63
Page 265
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


            PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                            unless otherwise stated)


12. PERPAJAKAN (lanjutan)                                         12. TAXATION (continued)

   f.   Tarif Pajak Penghasilan Badan                                 f.    Corporate Income Tax Rate

        Pada tanggal 29 Oktober 2021, Presiden                              On October 29, 2021, the President of the
        Republik Indonesia menandatangani UU                                Republic of Indonesia signed UU No.7/2021
        No.7/2021 (“UU 7/2021”) tentang “Harmonisasi                        (UU 7/2021) regarding “Harmonization of Tax
        Peraturan Perpajakan”, yang menerapkan,                             Regulation”, which applies, among others, the
        antara lain, tarif pajak penghasilan badan                          corporate income tax rate as follows:
        sebagai berikut:

        a.   sebesar 22% yang mulai berlaku pada tahun                      a.    22% effective starting fiscal year 2022;
             pajak 2022;
        b.   Perusahaan Terbuka dalam negeri dengan                         b.    Resident publicly-listed companies in
             jumlah keseluruhan saham yang disetor                                Indonesia whose at least 40% or more of
             diperdagangkan pada bursa efek di                                    the total paid-up shares or other equity
             Indonesia paling sedikit 40% dan memenuhi                            instruments are listed for trading in the
             persyaratan tertentu sesuai dengan                                   Indonesia stock exchanges and meet
             peraturan pemerintah, dapat memperoleh                               certain requirements in accordance with
             tarif sebesar 3% lebih rendah dari tarif pada                        the government regulations, can earn a
             butir a di atas.                                                     tariff of 3% lower than tariff as stated in
                                                                                  point a above.

        Untuk tahun 2023 dan 2022, tarif pajak                              For 2023 and 2022, the corporate income tax
        penghasilan badan yang berlaku untuk                                rate applicable to the Company, KKM and
        Perusahaan, KKM dan EMAS adalah 22%.                                EMAS is 22%.

        Tarif pajak penghasilan badan yang berlaku                          The corporate income tax rate applicable to
        untuk ARPTE adalah 17%.                                             ARPTE is 17%.

        Tarif pajak penghasilan badan yang berlaku                          Corporate income tax rates applicable to
        untuk MSM adalah sebagai berikut:                                   MSM, are as follows:
        a. 15% atas penghasilan kena pajak untuk                            a. 15% for taxable income up to
           jumlah sampai dengan Rp10.000.000.                                  Rp10,000,000.
        b. 25% atas penghasilan kena pajak untuk                            b. 25% for taxable income exceeding
           jumlah lebih dari Rp10.000.000 sampai                               Rp10,000,000 up to Rp50,000,000; and
           dengan Rp50.000.000.
        c. 35% atas penghasilan kena pajak untuk                            c. 35%    for  taxable               income         above
           jumlah lebih dari Rp50.000.000.                                     Rp50,000,000.

        Tarif pajak penghasilan badan yang berlaku                          Corporate income tax rates applicable to TTN,
        untuk TTN adalah sebagai berikut:                                   are as follows:
        a. 10% atas penghasilan kena pajak untuk                            a. 10% for taxable income up to
           jumlah sampai dengan Rp25.000.000.                                  Rp25,000,000.
        b. 15% atas penghasilan kena pajak untuk                            b. 15% for taxable income exceeding
           jumlah lebih dari Rp25.000.000 sampai                               Rp25,000,000 up to Rp50,000,000; and
           dengan Rp50.000.000.
        c. 30% atas penghasilan kena pajak untuk                            c. 30% for taxable               income       exceeding
           jumlah lebih dari Rp50.000.000.                                     Rp50,000,000.

        Tarif pajak penghasilan badan yang berlaku                          The corporate income tax rate applicable to
        untuk MSM dan TTN mengacu pada tarif pajak                          MSM and TTN follows the corporate income
        penghasilan badan yang sudah ditentukan di KK.                      tax rate stated in CoW.




                                                             64
Page 266
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


            PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                            unless otherwise stated)


13. UTANG BANK JANGKA PENDEK                                       13. SHORT-TERM BANK LOANS
                                                  2023              2022

  Mandiri                                         44.744.421        44.198.875                                              Mandiri
  Hongkong and Shanghai                                                                                   Hongkong and Shanghai
    Banking Corporation Limited                                                                     Banking Corporation Limited
    (“HSBC - Hong Kong”)                           2.427.369         2.000.807                           (“HSBC - Hong Kong”)
  PT Bank Syariah Indonesia Tbk                                                                     PT Bank Syariah Indonesia Tbk
    (“BSI”)                                                   -     14.500.000                                           (“BSI”)

  Total                                           47.171.790        60.699.682                                                    Total


   HSBC - Hong Kong                                                    HSBC - Hong Kong

   Pada tanggal 4 November 2020, EMAS dan                              On      November      4,  2020,   EMAS        and
   HSBC - Hongkong setuju untuk membuat Perjanjian                     HSBC - Hongkong agreed to enter Precious Metal
   Pinjaman Logam Mulia. Fasilitas tersebut merupakan                  Loan Agreement. This loan facility is an
   fasilitas pinjaman berjangka waktu tetap tanpa                      uncommitted fixed term loan. This loan facility is
   komitmen. Fasilitas tersebut berlaku 1 tahun sejak                  valid for 1 year after commencement date of the
   tanggal penandatanganan perjanjian dan dapat                        agreement and can be extended.
   diperpanjang.

   Berdasarkan       persyaratan-persyaratan   dalam                  Under the terms of the loan agreements, EMAS is
   perjanjian pinjaman, EMAS diharuskan untuk                         required to obtain prior written approval from the
   memperoleh persetujuan tertulis sebelumnya dari                    bank in relation with transactions, among others,
   bank sehubungan dengan transaksi-transaksi, antara                 borrowing, lien or guarantee on its assets.
   lain, pinjaman, gadai dan jaminan atas aset

   Fasilitas kredit yang diperoleh dari HSBC - Hong Kong               The credit facility obtained from HSBC - Hong Kong
   dijamin oleh fasilitas Non Cash Loan yang didapatkan                was secured by the Non Cash Loan facility obtained
   dari Mandiri.                                                       from Mandiri.

   Fasilitas diatas dikenakan bunga sebesar 1,9% per                   The above facilities bear interest of approximately
   tahun untuk tahun 2023 dan 2022.                                    1.9% per annum in 2023 and 2022, respectively.

   Mandiri                                                             Mandiri

   Grup mempunyai beberapa fasilitas kredit dari Mandiri               The Group obtained several credit facilities from
   sebagai berikut:                                                    Mandiri as follows:

   a.   Fasilitas kredit modal kerja dengan batas                      a. Working capital credit facility with maximum limit
        maksimum sebesar AS$50.000.000.                                   of US$50,000,000.
   b.   Fasilitas pinjaman non-kas (non-cash loan facility)            b. Non-cash loan facility with maximum limit of
        dengan         batas    maksimum         sebesar                  US$10,000,000.
        AS$10.000.000.
   c.   Fasilitas jalur perbendaharaan (treasury line                  c. Treasury line facility with maximum limit of
        facility) dengan batas maksimum sebesar                           US$278,600,000.
        AS$278.600.000.

   Fasilitas kredit yang diperoleh dari Mandiri dijamin                 The credit facilities obtained from Mandiri were
   sederajat (pari passu) dengan jaminan pinjaman CFA                   secured equally (pari passu) with CFA and MMQ
   dan MMQ (Catatan 17). Semua fasilitas tersebut telah                 loans (Note 17). These facilities had been extended
   diperpanjang sampai dengan 8 Maret 2024.                             up to March 8, 2024.

   Fasilitas diatas dikenakan bunga sebesar 3,5% - 4%                  The above facilities bear interest of approximately
   per tahun untuk tahun 2023 dan 2022.                                3.5% - 4% per annum in 2023 and 2022, respectively.




                                                              65
Page 267
                                                                The original consolidated financial statements included herein are in
                                                                                                           the Indonesian language.


            PT ARCHI INDONESIA TBK                                           PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                 FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                             (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                        unless otherwise stated)


13. UTANG BANK JANGKA PENDEK (lanjutan)                        13. SHORT-TERM BANK LOANS (continued)
   BSI                                                             BSI
   Grup menandatangani fasilitas modal kerja dengan                The Group signed working capital facility with BSI
   BSI   yang    berlaku   efektif    pada    tanggal              which is effective on October 12, 2021. Several
   12 Oktober 2021. Beberapa fasilitas dari BSI terdiri            credit facilities from BSI consists of:
   dari:
   a.    Fasilitas pembiayaan kas (cash financing)                a. Musyarakah cash financing credit facility with
         Musyarakah dengan batas maksimum sebesar                    maximum limit of US$14,500,000.
         AS$14.500.000.
   b.    Fasilitas  pembiayaan   non-kas   (non-cash               b. Murabahah non cash financing facility with
         financing) Murabahah dengan batas maksimum                   maximum limit of US$10,000,000.
         sebesar AS$10.000.000.
   Fasilitas tersebut dijamin sederajat (pari passu)                The said facilities were secured equally (pari passu)
   dengan jaminan pinjaman CFA dan MMQ (Catatan 17)                 with CFA and MMQ loans (Note 17) and valid for 12
   dan berlaku untuk 12 bulan sejak penandatanganan                 months from the date of the agreement.
   perjanjian.
   Fasilitas diatas dikenakan bunga sebesar 3,5% - 4%              The above facilities bear interest of approximately
   per tahun untuk tahun 2023 dan 2022.                            3.5% - 4% per annum in 2023 and 2022, respectively.
   Pinjaman ini telah dilunasi sepenuhnya pada bulan               This loan was fully paid in August 2023.
   Agustus 2023.

14. UTANG USAHA                                                14. TRADE PAYABLES

   Utang usaha terutama timbul atas pembelian bahan               Trade payables primarily arise from purchases of
   bakar, suku cadang dan bahan pembantu, serta                   fuels, spareparts and comsumables as well as
   penggunaan jasa pertambangan yang dibutuhkan                   purchases of mining services required for the
   untuk operasi Grup, dengan klasifikasi mata uang               Group’s operations, with the following classification
   sebagai berikut:                                               based on currency:

   Berdasarkan Mata Uang                                          Based on Currency

                                              2023              2022

         Rupiah                               29.872.002        44.394.546                                                 Rupiah
         Dolar Amerika Serikat                    42.212           557.177                                    United States Dollar
         Dolar Australia                               -             3.101                                       Australian Dollar

         Sub-total                            29.914.214        44.954.824                                                Sub-total

         Pihak berelasi (Catatan 19)                                                                     Related party (Note 19)
         Dalam Rupiah                         18.903.058        15.412.563                                             In Rupiah

         Total                                48.817.272        60.367.387                                                     Total


   Utang usaha tidak dijamin, tidak dikenakan bunga               Trade payables are unsecured, non-interest
   dan umumnya dikenakan syarat pembayaran                        bearing and generally on 60 to 90 days terms of
   antara 60 hari sampai dengan 90 hari.                          payment.




                                                          66
Page 268
                                                                  The original consolidated financial statements included herein are in
                                                                                                             the Indonesian language.


            PT ARCHI INDONESIA TBK                                             PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                   FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                               (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                          unless otherwise stated)


15. UTANG LAIN-LAIN -            PIHAK   KETIGA      DAN         15. OTHER PAYABLES - THIRD PARTIES AND
    KONTRAK LIABILITAS                                               CONTRACT LIABILITIES

   Utang Lain-lain - Pihak Ketiga                                   Other Payables - Third Parties

                                                 2023             2022
   Pihak ketiga                                                                                                     Third parties
       Utang kepada pemasok non-usaha             1.016.683        1.309.828                   Payables to non-trade suppliers
       Kontrak liabilitas                                 -        5.025.311                                Contract liabilities
       Lain-lain (masing-masing di
          bawah AS$200.000)                         457.724           773.031                Others (each below US$200,000)
   Total                                          1.474.407        7.108.170                                                    Total


   Utang kepada pemasok non-usaha merupakan utang                    Payables to non-trade suppliers represent liabilities
   dari kegiatan yang tidak berhubungan dengan                       from activities which are not related to direct mining
   kegiatan penambangan secara langsung seperti,                     activities such as, but not limited to, catering, travel
   namun tidak terbatas pada, katering, agen                         agencies, hotels and hospitals.
   perjalanan, hotel dan rumah sakit.

   Utang lain-lain tidak dijamin, tidak dikenakan bunga              Other payables are unsecured, non-interest bearing
   dan umumnya dikenakan syarat pembayaran antara                    and generally on 60 to 90 days terms of payment.
   60 hari sampai dengan 90 hari.

   Kontrak liabilitas merupakan dana yang diterima dari              Contract liabilities represent fund received from the
   pelanggan untuk mendapatkan produk dari Grup.                     customer to obtain products from the Group.
   Kontrak liabilitas tersebut tersebut disajikan sebagai            These contract liabilities are presented as current
   liabilitas jangka pendek karena akan diselesaikan                 liabilities since these will be settled within a period
   dalam jangka waktu kurang dari 12 bulan.                          of less than 12 months.


16. BIAYA MASIH HARUS DIBAYAR                                    16. ACCRUED EXPENSES

                                                 2023             2022

   Pihak ketiga                                                                                                        Third parties
     Jasa kontraktor pertambangan                 7.714.952        9.421.221                         Mining contractor services
     Bunga                                        2.838.967        1.861.439                                            Interest
     Pembelian persediaan                         1.977.605        2.556.189                            Purchases of inventory
     Listrik dan utilitas                         1.123.763          981.491                             Electricity and utilities
     Jasa profesional                               862.472          791.404                                   Professional fee
     Provisi pajak                                        -        8.045.069                                       Tax provision
     Lain-lain (masing-masing di
        bawah AS$100.000)                           683.992        1.077.932                 Others (each below US$100,000)

   Total                                         15.201.751       24.734.745                                                     Total

   Pihak berelasi (Catatan 19)                    5.451.508        7.350.485                               Related party (Note 19)


   Biaya masih harus dibayar tidak dijamin, tidak                    Accrued expenses are unsecured, non-interest
   dikenakan bunga dan umumnya dikenakan syarat                      bearing and generally on 60 to 90 days terms of
   pembayaran antara 60 hari sampai dengan 90 hari.                  payment.




                                                            67
Page 269
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


            PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                            unless otherwise stated)


17. UTANG JANGKA PANJANG                                          17. LONG-TERM LIABILITIES

   Utang Bank                                                         Bank Loan
                                                 2023              2022

  Fasilitas kredit konvensional                 284.909.178       188.316.709                            Conventional credit facility
  Fasilitas kredit                                                                                       Musyarakah Mutanaqisah
    Musyarakah Mutanaqisah                       79.590.822        65.536.712                                      credit facility
  Dikurangi beban tangguhan                                                                                 Less deferred charges
    atas utang bank                              (6.535.887)       (2.386.954)                                    on bank loans

                                                357.964.113       251.466.467

  Dikurangi bagian lancar                         2.000.000        34.940.627                                Less current maturities

  Bagian jangka panjang                         355.964.113       216.525.840                                  Non-current portion


   Fasilitas Kredit Konvensional                                      Conventional Credit Facility

   Pada tanggal 29 Agustus 2018, Perusahaan, MSM,                     On August 29, 2018, the Company, MSM, TTN and
   TTN dan Mandiri sepakat untuk melakukan                            Mandiri agreed to amend the conventional facility
   amandemen       atas   perjanjian    fasilitas kredit              agreement (“CFA”) to increase the loan facility to
   konvensional (conventional facility agreement atau                 US$289,018,855, consisting of US$118,500,000
   “CFA”) untuk meningkatkan fasilitas pinjaman menjadi               from Mandiri, US$118,500,000 from Mandiri
   sebesar     AS$289.018.855,     yang terdiri dari                  Singapore, US$31,643,855 from MUFG Bank, Ltd,
   AS$118.500.000 oleh Mandiri, AS$118.500.000 oleh                   Jakarta Branch (“MUFG” - formerly The Bank of
   Mandiri Singapura, AS$31.643.855 oleh MUFG Bank,                   Tokyo-Mitsubishi UFJ. Ltd.) and US$20,375,000
   Ltd, Jakarta Branch (“MUFG”- sebelumnya The Bank                   from Credit Suisse AG, Singapore Branch (“CS”).
   of Tokyo-Mitsubishi UFJ. Ltd.) dan AS$20.375.000
   oleh Credit Suisse AG, Cabang Singapore (“CS”).

   Pada tahun 2020, Perusahaan, MSM, TTN dan                          In 2020, the Company, MSM, TTN and Mandiri
   Mandiri sepakat untuk melakukan amandemen CFA,                     agreed to amend the CFA concerning, among
   antara lain meliputi:                                              others:
   1. Menambah           fasilitas    pinjaman   sebesar              1. Increase of loan facility by US$81,000,000
       AS$81.000.000 dan Rp300.000.000.000; dan                           and Rp300,000,000,000; and divided the CFA
       membagi CFA menjadi 3 fasilitas: yaitu fasilitas                   into 3 facilities, namely Conventional Facility A,
       konvensional (Conventional Facility) A, fasilitas                  Conventional Facility B and Conventional
       konvensional (Conventional Facility) B dan                         Facility C with principal amounting to
       fasilitas konvensional (Conventional Facility) C                   US$313,660,178,          US$50,000,000        and
       dengan pokok pinjaman masing-masing sebesar                        Rp300,000,000,000, respectively.
       AS$313.660.178,             AS$50.000.000    dan
       Rp300.000.000.000.
   2. MUFG tidak berpartisipasi lagi dan saldo yang                   2.    MUFG cease to participate in the CFA and the
       belum dibayar Grup dialihkan ke Mandiri.                             Group’s outstanding balance was transferred to
   3. PT Bank Woori Saudara (Woori) berpartisipasi                          Mandiri.
       dalam CFA dengan menyediakan pinjaman                          3.    PT Bank Woori Saudara (Woori) participated in
       dengan maksimum fasilitas yang dapat digunakan                       the CFA by providing loan with maximum limit
       dari fasilitas konvensional (Conventional Facility)                  under Conventional Facility A amounting to
       A sebesar AS$10.000.000.                                             US$10,000,000.
   4. BRI berpartisipasi dalam fasilitas konvensional                 4.    BRI participated in by providing loan under the
       (Conventional Facility) A dengan pokok pinjaman                      Conventional Facility A amounting to
       sebesar AS$30.000.000.                                               US$30,000,000.

   Grup telah mencairkan seluruh tambahan pinjaman                   The Group had fully withdrawn the additional loans
   Conventional Facility A dan C. Sampai dengan tanggal              from Conventional Facility A and C. Up to March 30,
   30 Maret 2023, Grup belum mencairkan pinjaman                     2023, the Group has not withdrawn loan under the
   Conventional Facility B.                                          Conventional Facility B.



                                                             68
Page 270
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


            PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                           unless otherwise stated)


17. UTANG JANGKA PANJANG (lanjutan)                               17. LONG-TERM LIABILITIES (continued)

   Utang Bank (lanjutan)                                              Bank Loan (continued)

   Fasilitas Kredit Konvensional (lanjutan)                           Conventional Credit Facility (continued)

   Tingkat bunga CFA menjadi sebesar London Interbank                The interest rate is at London Interbank Offer Rate
   Offer Rate (“LIBOR”) dengan tambahan marjin                       (“LIBOR”) with addition of certain margin. These
   tertentu. Pinjaman ini dilunasi melalui angsuran 3                loans shall be repaid through quarterly installments
   bulanan sampai dengan 31 Mei 2025.                                up to May 31, 2025.

   Tujuan CFA, antara lain, adalah:                                  The purposes of the CFA, among others, were:
   -   pembayaran biaya, ongkos dan pengeluaran                      -   payment of fees, costs and expenses under, or
       menurut atau sehubungan dengan CFA;                               in connection with the CFA;
   -   pembayaran semua kewajiban lindung nilai yang                 -   payment of hedging liabilities incurred in relation
       ditimbulkan sehubungan CFA; dan                                   to the CFA; and
   -   modal kerja dan pengeluaran umum.                             -   working capital and general corporate
                                                                         purposes.

   Pada tanggal 16 Agustus 2023 Grup telah melunasi                  On August 16, 2023 group has fully paid and
   dan mengakhiri Perjanjian CFA tanggal 29 Agustus                  terminated the CFA agreement on August 29, 2018.
   2018.

   Perusahaan, MSM, TTN dan Mandiri menandatangani                   The Company, MSM, TTN and Mandiri signed the
   perjanjian CFA dengan nilai fasilitas pinjaman sebesar            CFA      of   US$285,300,000,   consisting    of
   AS$285.300.000, yang terdiri dari AS$234.000.000                  US$234,000,000 from Mandiri, US$25,800,000 from
   oleh     Mandiri,  AS$25.800.000           oleh   BRI,            BRI, US$20,000,000 from Nobu and US$5,500,000
   AS$20.000.000 oleh Nobu dan AS$5.500.000 oleh PT                  from PT Bank Woori Saudara Indonesia 1906 Tbk.
   Bank Woori Saudara Indonesia 1906 Tbk. (“Woori”)                  (“Woori”) on August 16, 2023.
   pada tanggal 16 Agustus 2023.

   Tujuan CFA, antara lain, adalah:                                  The purposes of the CFA, among others, were:
   -   pembayaran biaya, ongkos dan pengeluaran                      -   payment of fees, costs and expenses under, or
       menurut atau sehubungan dengan CFA;                               in connection with the CFA;
   -   pembayaran semua kewajiban lindung nilai yang                 -   payment of hedging liabilities incurred in relation
       ditimbulkan sehubungan CFA;                                       to the CFA;
   -   pembayaran seluruh kewajban fasilitas Grup; dan               -   payment of all Group facility obligations; and
   -   modal kerja                                                   -   working capital

   Pada tanggal 16 Agustus 2023, Grup telah mencairkan               On August 16, 2023, Group had fully withdrawn all
   seluruh fasilitas pinjaman.                                       loan facilities.

   Tingkat suku bunga CFA adalah Term Secured                        The interest rate is at Term Secured Overnight
   Overnight Financing Rate (“Term SOFR”) dengan                     Financing Rate (“Term SOFR”) with addition of
   tambahan marjin tertentu. Pinjaman ini dilunasi melalui           certain margin. These loans shall be repaid through
   angsuran 3 bulanan sampai dengan 31 Agustus 2028.                 quarterly installments up to August 31, 2028.

   Total pinjaman CFA per 31 Desember 2023 dan 2022                  Total outstanding principal of the CFA as of
   adalah sebagai berikut:                                           December 31, 2023 and 2022 is as follows:
                                   Perusahaan/
                                  The Company        TTN          MSM                Total

   2023                                                                                                                         2023
      Mandiri                        92.439.035     85.735.090    55.505.328       233.679.453                              Mandiri
      BRI                            10.146.771      9.318.948     6.298.938        25.764.657                                BRI
      Nobu                            1.786.495     11.354.837     6.831.271        19.972.603                               Nobu
      Woori                           3.921.125      1.123.068       448.272         5.492.465                               Woori

   Total                            108.293.426    107.531.943    69.083.809       284.909.178                                    Total




                                                             69
Page 271
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


            PT ARCHI INDONESIA TBK                                              PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                    FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                           unless otherwise stated)


17. UTANG JANGKA PANJANG (lanjutan)                               17. LONG-TERM LIABILITIES (continued)

   Utang Bank (lanjutan)                                              Bank Loan (continued)

   Total pinjaman CFA per 31 Desember 2023 dan 2022                  Total outstanding principal of the CFA as of
   adalah sebagai berikut: (lanjutan)                                December 31, 2023 and 2022 is as follows:
                                                                     (continued)
                                   Perusahaan/
                                  The Company        TTN          MSM                Total

   2022                                                                                                                         2022
      Mandiri                        64.896.653     10.838.729     6.458.188        82.193.570                              Mandiri
      Mandiri Singapura              42.486.467      6.499.181    24.934.423        73.920.071                   Mandiri Singapore
      BRI                            10.201.949      3.972.899     3.320.632        17.495.480                                 BRI
      CS                              1.796.211      5.543.717     1.847.906         9.187.834                                 CS
      Woori                           3.942.454      1.126.643       450.657         5.519.754                               Woori

   Total                            123.323.734     27.981.169    37.011.806       188.316.709                                    Total



   Fasilitas     Kredit   Musyarakah        Mutanaqisah               Musyarakah             Mutanaqisah         Credit       Facility
   (“MMQ”)                                                            (“MMQ”)

   Pada tanggal 29 Agustus 2018, Perusahaan, TTN dan                  On August 29, 2018, the Company, TTN and MSM,
   MSM      memperoleh       fasilitas   MMQ          dari            obtained MMQ facility from PT Bank Syariah
   PT Bank Syariah Indonesia (“BSI” sebelumnya PT                     Indonesia (‘BSI” previously PT Bank Mandiri
   Bank Mandiri Syariah), sebagai pengatur fasilitas, dan             Syariah), as the facility arranger, and Lembaga
   Lembaga Pembiayaan Ekspor Indonesia (“Exim”)                       Pembiayaan Ekspor Indonesia (“Exim”) for a total
   dengan jumlah pokok sebesar AS$110.981.145, yang                   principal of US$110,981,145, consisting of
   terdiri dari AS$70.231.145 oleh Exim dan                           US$70,231,145 from Exim and US$40,750,000 from
   AS$40.750.000 oleh Mandiri Syariah. Pada tahun                     Mandiri Syariah. In 2020, the Company, MSM, TTN
   2020, Perusahaan, MSM, TTN dan Mandiri sepakat                     and Mandiri agreed to increase the facility by
   untuk penambahan fasilitas sebesar AS$27.000.000                   US$27,000,000 to become US$116,339,822.
   sehingga menjadi sebesar AS$116.339.822.

   Plafon tingkat bagi hasil MMQ adalah sebesar suku                 The ceiling profit rate for the MMQ was at certain rate
   bunga tertentu per tahun. Pinjaman ini akan dilunasi              per annum. The loan are being repaid through
   dengan angsuran 3 bulanan sampai dengan                           quarterly installments up to May 31, 2025. On
   31 Mei 2025. Pada tanggal 16 Agustus 2023 Grup,                   August 16, 2023 group has fully paid and terminated
   telah melunasi dan mengakhiri Perjanjian MMQ                      the MMQ agreement on August 29, 2018
   tanggal 29 Agustus 2018.

   Pada tanggal 16 Agustus 2023, Perusahaan, TTN dan                  On August 16, 2023, the Company, TTN and MSM,
   MSM      memperoleh         fasilitas  MMQ       dari              obtained MMQ facility from BSI, as the facility
   BSI, sebagai pengatur fasilitas, dan Exim dengan                   arranger, and Exim for a total principal of
   jumlah pokok sebesar AS$79.700.000, yang terdiri dari              US$79,700,000, consisting of US$48,000,000 from
   AS$48.000.000 oleh BSI dan AS$31.700.000 oleh                      BSI and US$31,700,000 from Exim. On August 16,
   Exim. Pada tanggal 16 Agustus 2023, Grup telah                     2023, Group had fully withdrawn all loan facilities.
   mencairkan seluruh fasilitas pinjaman.

   Plafon tingkat bagi hasil MMQ adalah sebesar suku                 The ceiling profit rate for the MMQ was at certain
   bunga tertentu per tahun. Pinjaman ini akan dilunasi              rate per annum. The loan are being repaid through
   dengan angsuran 3 bulanan sampai dengan 31                        quarterly installments up to August 31, 2028.
   Agustus 2028.




                                                             70
Page 272
                                                                                          The original consolidated financial statements included herein are in
                                                                                                                                     the Indonesian language.


            PT ARCHI INDONESIA TBK                                                                     PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                                    NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                                           FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                                 As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                            for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                       (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                                  unless otherwise stated)


17. UTANG JANGKA PANJANG (lanjutan)                                                      17. LONG-TERM LIABILITIES (continued)

   Utang Bank (lanjutan)                                                                     Bank Loan (continued)

   Total pinjaman MMQ per 31 Desember 2023 dan 2022                                         The total outstanding principal of the MMQ as of
   adalah sebagai berikut:                                                                  December 31, 2023 and 2022 is as follows:

                                              Perusahaan/
                                             The Company                TTN              MSM               Total
   2023                                                                                                                                                      2023
   BSI                                                       -        24.188.667         23.745.580        47.934.247                                         BSI
   Exim                                                      -        11.520.099         20.136.476        31.656.575                                        Exim

   Total                                                     -        35.708.766         43.882.056        79.590.822                                        Total


   2022                                                                                                                                                      2022
   BSI                                                       -        16.844.364         16.844.364        33.688.728                                         BSI
   Exim                                                      -        11.604.307         20.243.677        31.847.984                                        Exim

   Total                                                     -        28.448.671         37.088.041        65.536.712                                        Total



   Pada tanggal 29 Agustus 2018, yang kemudian                                               On August 29, 2018, which subsequently were
   diamandemen pada tahun 2020, Perusahaan, MSM                                              amended in 2020, the Company, MSM and TTN,
   dan TTN menandatangani Common Terms Agreement                                             entered into the Common Terms Agreement with
   dengan Mandiri, MUFG, Mandiri Singapura, CS,                                              Mandiri, MUFG, Mandiri Singapore, CS, Mandiri
   Mandiri Syariah dan Exim sehubungan dengan                                                Syariah and Exim in relation to common terms of
   jaminan dan persyaratan umum CFA dan MMQ.                                                 CFA and MMQ.

                                                                                             Pembayaran Tahun                               Total/
                           Jumlah Batas Pinjaman                                                 Berjalan/                                  Total
          Kreditor/             Maksimum/                     Jadwal Pelunasan/              Repayments for the
          Creditors         Maximum Credit Limit            Schedule of Repayments              Current Year                   2023                   2022
    Perusahaan/
      Company

    Mandiri                              92.565.837                      Agustus 2028/                 65.023.445              92.439.035             64.896.653
                                                                          August 2028
    Mandiri Singapura                             -                                  -                 42.486.468                       -             42.486.467
    BRI                                  10.160.690                      Agustus 2028/                 10.215.868              10.146.771             10.201.949
                                                                          August 2028
    CS                                            -                                  -                  1.796.211                       -              1.796.211
    Woori                                 3.926.504                      Agustus 2028/                  3.947.833               3.921.125              3.942.454
                                                                          August 2028
    Nobu                                  1.788.945                      Agustus 2028/                      2.450               1.786.495                       -
                                                                          August 2028
    Entitas Anak/
      Subsidiaries

    Mandiri                             141.434.163                      Agustus 2028/                 17.490.661            141.240.418              17.296.917
                                                                          August 2028
    Mandiri Singapura                             -                                  -                 31.433.604                       -             31.433.604
    BRI                                  15.639.310                      Agustus 2028/                  7.314.955              15.617.886              7.293.531
                                                                          August 2028
    CS                                            -                                  -                  7.391.623                       -              7.391.623
    Woori                                 1.573.496                      Agustus 2028/                  1.579.456               1.571.340              1.577.300
                                                                          August 2028
    Nobu                                 18.211.055                      Agustus 2028/                     24.947              18.186.108                       -
                                                                          August 2028
    BSI                                  48.000.000                      Agustus 2028/                 33.754.491              47.934.247             33.688.728
                                                                          August 2028
    Exim                                 31.700.000                      Agustus 2028/                 31.891.409              31.656.575             31.847.984
                                                                          August 2028
    Sub-total/Sub-total                                                                                                       364.500.000            253.853.421


    Dikurangi beban tangguhan atas utang bank/Less deferred charges on bank loans                                               6.535.887              2.386.954
    Neto/Net                                                                                                                  357.964.113            251.466.467

    Dikurangi bagian yang jatuh tempo dalam waktu satu tahun/Less current portion                                               2.000.000             34.940.627
    Bagian Jangka Panjang/Long-term Portion                                                                                   355.964.113            216.525.840




                                                                                71
Page 273
                                                                  The original consolidated financial statements included herein are in
                                                                                                             the Indonesian language.


            PT ARCHI INDONESIA TBK                                             PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                   FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                               (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                          unless otherwise stated)


17. UTANG JANGKA PANJANG (lanjutan)                              17. LONG-TERM LIABILITIES (continued)

   Utang Bank (lanjutan)                                             Bank Loan (continued)

   Jaminan dan Pembatasan                                            Collaterals and Covenants

   CFA dan MMQ ini dijamin oleh:                                    CFA and MMQ are secured by:
   -  Pengalihan perjanjian lindung nilai MSM dan TTN               -  The assignment of hedging agreement of MSM
                                                                        and TTN
   -   Pengalihan kontrak Perusahaan, MSM dan TTN                   -  The assignment of contracts of the Company,
       (Hukum Indonesia)                                                MSM and TTN (Indonesia Law)
   -   Gadai rekening Perusahaan, MSM dan TTN                       -  The pledge of accounts of the Company, MSM
                                                                        and TTN
   -   Jaminan fidusia atas piutang Perusahaan, MSM                 -  The fiduciary security over receivables of the
       dan TTN                                                          Company, MSM and TTN
   -   Gadai saham MSM, TTN, KKM, JPP, dan ARPTE                    -  The pledge of shares of MSM, TTN, KKM, JPP
                                                                        and ARPTE
   -   Jaminan fidusia atas bangunan MSM dan TTN                    -  The fiduciary security over buildings of MSM
                                                                        and TTN
   -   Jaminan fidusia atas klaim-klaim asuransi MSM                -  The fiduciary security over insurance claims of
       dan TTN                                                          MSM and TTN
   -   Jaminan fidusia atas persediaan MSM dan TTN                  -  The fiduciary security over inventory of MSM
                                                                        and TTN
   -   Jaminan fidusia atas aset bergerak MSM dan TTN               -  The fiduciary security over movable assets of
                                                                        MSM and TTN
   -   Penanggungan dan pemberian ganti rugi oleh                   -  Corporate guarantee and indemnity from the
       Perusahaan, MSM, TTN, KKM, JPP dan ARPTE                         Company, MSM, TTN, KKM, JPP and ARPTE

   Berdasarkan      persyaratan-persyaratan        dalam            Under the terms of the loan agreements, the Group
   perjanjian pinjaman, Grup diharuskan untuk                       are required to obtain prior written approval from
   memperoleh persetujuan tertulis sebelumnya dari                  banks in relation with transactions, among others,
   bank sehubungan dengan transaksi-transaksi, antara               merger or acquisition, investment, transfer of assets,
   lain, merger atau akuisisi, investasi, penjualan aset,           borrowing or guarantee.
   pinjaman atau garansi.

   Grup juga diharuskan untuk mempertahankan rasio-                 The Group is also required to maintain certain
   rasio keuangan tertentu.                                         financial ratios.

   Pada tanggal 31 Desember 2023 dan 2022, Grup telah               As of December 31, 2023 and 2022, the Group has
   memenuhi semua persyaratan pinjaman.                             complied with all existing loan covenants.

   Pembatalan atas CFA dan MMQ berlaku secara cross                 Cancellation of CFA and MMQ is applied by cross
   default terhadap kelalaian dari Perusahaan, MSM atau             default term on noncompliance by the Company,
   TTN terhadap pembayaran angsuran sesuai jadwal                   MSM or TTN relating to repayment of loans based
   yang       ditetapkan    dan      kegagalan   dalam              on the stated schedules and failure in maintaining
   mempertahankan rasio-rasio keuangan.                             certain financial ratios.




                                                            72
Page 274
                                                                     The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


            PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                             unless otherwise stated)


17. UTANG JANGKA PANJANG (lanjutan)                                17. LONG-TERM LIABILITIES (continued)

   Utang Pembiayaan Konsumen                                            Consumer Finance Loans

   Grup memiliki beberapa perjanjian pembiayaan                         The Group has several consumer finance loans
   konsumen dengan PT Mandiri Tunas Finance dan                         from PT Mandiri Tunas Finance and PT BCA
   PT BCA Finance untuk pembelian beberapa                              Finance to finance the purchases of vehicles.
   kendaraan. Pinjaman tersebut akan dilunasi melalui                   These loans are repayable through 36 monthly
   angsuran bulanan selama 36 bulan dan dikenakan                       installments and bear certain annual interest rate
   suku bunga tertentu pada tahun 2023 dan 2022.                        in 2023 and 2022.

18. LIABILITAS IMBALAN KERJA                                        18. EMPLOYEE BENEFITS LIABILITY

   Grup mempunyai program dana pensiun manfaat                           The Group has defined benefit retirement plans
   pasti untuk seluruh karyawan tetap yang memenuhi                      covering all their qualified permanent employees
   syarat yang dikelola oleh DPLK Manulife Indonesia,                    that is managed by DPLK Manulife Indonesia, the
   yang pendiriannya telah disetujui oleh Menteri                        establishment of which was approved by the
   Keuangan.                                                             Minister of Finance.

   Iuran dana pensiun yang ditanggung Grup pada                         The contribution funded by the Group in 2023 and
   tahun berjalan pada tahun 2023 dan 2022 adalah                       2022 amounted to Rp8,395,300,000 and
   masing-masing sebesar Rp8.395.300.000 dan                            Rp14,643,154,000, respectively.
   Rp14.643.154.000.

   Selain mempunyai program pensiun manfaat pasti,                      On top of the benefits provided under the above-
   Grup juga mencatat penyisihan imbalan kerja untuk                    mentioned defined benefit retirement plans, the
   memenuhi imbalan minimum yang diwajibkan untuk                       Group has also made additional provisions for
   dibayar kepada karyawan yang memenuhi                                employee service entitlements in order to meet the
   persyaratan sesuai dengan Undang-undang Cipta                        minimum benefits required to be paid to qualified
   Kerja No. 11 tahun 2020 (“UU Cipta Kerja”) dan                       employees as stipulated under the Job Creation
   Peraturan Pemerintah Nomor 35 Tahun 2021 (PP                         Law No. 11 year 2020 (“UU Cipta Kerja”) and
   35/2021).                                                            Government Regulation Number 35 Year 2021 (PP
                                                                        35/2021).
   Liabilitas imbalan kerja yang diakui pada tanggal                    The employee benefits liability recognized as of
   31 Desember 2023 dan 2022 didasarkan pada                            December 31, 2023 and 2022 are based on
   laporan valuasi aktuarial KKA Santhi Devi dan                        actuarial valuation reports of KKA Santhi Devi and
   Ardianto Handoyo (dahulu PT Willis Towers Watson),                   Ardianto Handoyo (previously PT Willis Towers
   aktuaris independen.                                                 Watson), an independent actuary.

   Perhitungan liabilitas imbalan kerja didasarkan pada                 The calculation of employee benefits liability is
   asumsi-asumsi signifikan berikut:                                    based on the following significant assumptions:

   Tingkat diskonto tahunan            :                   2023: 6,50%                       :             Annual discount rate
                                                          (2022: 7,00%)
   Tingkat kenaikan gaji tahunan       :                   2023: 7,00 %                      :              Future annual salary
                                                          (2022: 7,00%)                                             increase rate
   Tingkat pengunduran diri            :          10% untuk karyawan di usia 20              :                 Annual employee
                                                tahun dan akan berkurang secara                                    turn-over rate
                                           linear sampai 0% pada usia 46 - 54 tahun/
                                               10% for employees at the age of 20
                                                 years and will decrease linearly
                                               until 0% at the age of 46 - 54 years
   Tingkat cacat tahunan           :               10% dari tingkat kematian/                    :         Annual disability rate
                                                      10% from mortality rate
   Usia pensiun normal             :                       55 tahun/55 years                     :       Normal retirement age
   Tingkat kematian                :        Tabel Mortalita Indonesia 2019 (TMI 2019)            :                Mortality rate
                                           Indonesian Mortality Table 2019 (TMI 2019)




                                                           73
Page 275
                                                         The original consolidated financial statements included herein are in
                                                                                                    the Indonesian language.


            PT ARCHI INDONESIA TBK                                    PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                       AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                          FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                           for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                      (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                 unless otherwise stated)


18. LIABILITAS IMBALAN KERJA (lanjutan)                  18. EMPLOYEE BENEFITS LIABILITY (continued)

   Perubahan Kewajiban Imbalan Kerja                       Changes in Employee Benefits Obligations
                                          2023           2022

    Saldo awal tahun                       5.225.369       6.957.720                        Balance at beginning of year

    Perubahan yang dibebankan
      ke laba rugi                                                                     Changes charged to profit or loss
    Beban jasa kini                         906.662        1.417.982                              Current service cost
    Beban bunga                             340.543          385.295                                      Interest cost
    Selisih penjabaran mata uang asing       97.415         (646.631)                    Foreign exchange differences
    Beban jasa masa lalu                          -         (545.546)                                Past service cost

    Sub-total                              6.569.989       7.568.820                                              Sub-total

    Laba pengukuran kembali                                                                      Re-measurement gains
      yang dibebankan ke penghasilan                                                                charged to other
      komprehensif lain                                                                      comprehensive income
    Perubahan aktuaria yang timbul dari                                                  Actuarial changes arising from
      perubahan asumsi keuangan              249.040        (914.900)                changes in financial assumption
    Penyesuaian pengalaman                  (165.482)       (539.906)                          Experience adjustments

                                               83.558     (1.454.806)
    Kontribusi Grup atas                                                                      Contributions to plan made
      aset program                          (544.584)       (792.776)                                    by the Group
    Pembayaran manfaat                       (34.466)        (95.869)                                       Benefits paid

    Saldo akhir tahun                      6.074.497       5.225.369                               Balance at end of year

    Dikurangi bagian jangka pendek          256.046          427.241                                  Less current portion

    Bagian jangka panjang                  5.818.451       4.798.128                                 Non-current portion


   Mutasi Nilai Wajar Aset Program                        Fair Value of Plan Assets Movement

                                          2023           2022

   Saldo awal                                  50.173         42.875                                Beginning balance
   Kontribusi Grup atas                                                                    Contributions to plan made
       aset program                          544.584         792.776                                 by the Group
   Imbal hasil ekspektasi aset program         2.362           1.865                    Expected return on plan assets
   Pembayaran manfaat aset program          (535.586)       (782.277)                  Benefit payments of plan assets
   Selisih penjabaran mata uang asing            (64)         (5.066)                     Foreign exchange difference

   Total                                       61.469         50.173                                                  Total


   Rincian Liabilitas Imbalan Kerja                          Details of Employee Benefit Liability

                                          2023           2022

   Nilai kini kewajiban                                                                      Present value of employee
      imbalan kerja                        6.135.966       5.275.542                               benefit obligations
   Nilai wajar aset program                  (61.469)        (50.173)                          Fair value of plan assets

   Neto                                    6.074.497       5.225.369




                                                    74
Page 276
                                                                             The original consolidated financial statements included herein are in
                                                                                                                        the Indonesian language.


            PT ARCHI INDONESIA TBK                                                         PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                        NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                               FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                     As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                           (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                      unless otherwise stated)


18. LIABILITAS IMBALAN KERJA (lanjutan)                                     18. EMPLOYEE BENEFITS LIABILITY (continued)

   Mutasi Saldo Liabilitas Imbalan Pasti                                         Movements in the Present Value of the
                                                                                 Group’s Defined Benefit Obligation

                                                      2023                   2022

   Saldo awal                                           5.275.542              7.000.595                                Beginning balance
   Biaya jasa kini                                        906.662              1.417.982                               Current service cost
   Biaya bunga                                            340.960                385.295                                       Interest cost
   Pembayaran manfaat aset                                                                                              Benefit payment of
       program                                            (535.586)             (782.277)                                   plan assets
   Pembayaran manfaat                                      (34.466)              (95.869)                                     Benefits paid
   Pengukuran kembali                                                                                        Remeasurement of employee
       liabilitas imbalan karyawan                         85.503             (1.444.310)                               benefit liabilities
   Selisih penjabaran mata uang asing                      97.351               (660.328)                     Foreign exchange difference
   Biaya jasa lalu atas perubahan                                                                           Past service costs for changes
       imbalan                                                   -              (545.546)                                     in benefits

  Total                                                 6.135.966              5.275.542                                                  Total


   Pembayaran kontribusi yang diharapkan dari                                       The following payments are the expected
   kewajiban imbalan kerja pada tahun mendatang                                     contributions to the benefit obligation in future
   adalah sebagai berikut:                                                          years:

                                                      2023                   2022

    Dalam 12 bulan mendatang                              256.046                427.240                            Within the next 12 months
    Antara 1 sampai 2 tahun                               610.396                577.739                               Between 1 and 2 years
    Antara 2 sampai 5 tahun                             2.100.547              2.117.455                               Between 2 and 5 years
    Di atas 5 tahun                                     4.082.380              4.744.997                                       Beyond 5 years

                                                        7.049.369              7.867.431


   Durasi rata-rata dari kewajiban imbalan kerja pada                               The average duration of the benefit obligation at
   tanggal    31    Desember      2023    dan    2022                               December 31, 2023 and 2022 is 3.64 until 10.24
   masing-masing adalah 3,64 sampai 10,24 tahun dan                                 years and 2.73 until 9.68 years, respectively.
   2,73 sampai 9,68 tahun.

   Analisa sensitivitas terhadap asumsi utama yang                                 Sensitivity analysis to the key assumptions used
   digunakan dalam menentukan kewajiban imbalan                                    in determining employee benefits obligations are
   kerja adalah sebagai berikut:                                                   as follows:

                                                                          (Penurunan)/Kenaikan
                                              Kenaikan/                Liabilitas imbalan kerja Neto/
                                            (Penurunan)/              (Decrease)/Increase in the Net
    Asumsi utama                        Increase/ (Decrease)            Employee Benefits Liability                          Key assumptions
    31 Desember 2023                                                                                                        December 31, 2023
    Tingkat diskonto tahunan                    1%/(1%)                     (360.698)/483.910                              Annual discount rate
    Tingkat kenaikan gaji tahunan               1%/(1%)                     477.380/(362.520)                     Future annual salary increase

    31 Desember 2022                                                                                                        December 31, 2022
    Tingkat diskonto tahunan                    1%/(1%)                     (306.024)/452.372                              Annual discount rate
    Tingkat kenaikan gaji tahunan               1%/(1%)                     448.232/(309.030)                     Future annual salary increase



   Analisa sensitivitas di atas dihitung menggunakan                               The sensitivity analysis above has been
   metode ekstrapolasi atas pengaruh terhadap                                      determined based on a method that extrapolates
   kewajiban imbalan kerja sebagai hasil dari perubahan                            the impact on benefit obligation as a result of
   yang wajar atas asumsi utama yang mungkin terjadi                               reasonable changes in key assumptions
   pada tanggal pelaporan.                                                         occurring at the end of the reporting period.


                                                                 75
Page 277
                                                                                   The original consolidated financial statements included herein are in
                                                                                                                              the Indonesian language.


            PT ARCHI INDONESIA TBK                                                               PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                              NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                                     FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                           As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                 (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                            unless otherwise stated)


19. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                       19. TRANSACTIONS AND                            BALANCES             WITH
    BERELASI                                                                         RELATED PARTIES

          Pihak-pihak berelasi/                               Sifat hubungan/                                             Jenis transaksi/
             Related parties                                Nature of relationship                                     Nature of transactions

   GMA                                             Entitas asosiasi/Associate                         Jasa pertambangan/Mining services


   Saldo dengan pihak yang berelasi adalah sebagai                                       Balances with related party are as follows:
   berikut:

                                                                              Persentase terhadap total Liabilitas/
                                                   Total/Total                    Percentage to total Liability

                                            2023                 2022             2023                  2022

   Utang usaha (Catatan 14)                                                                                                           Trade payable (Note 14)
   Entitas asosiasi                                                                                                                                 Associate
      GMA                                   18.903.058           15.412.563               3,49                  3,28                                GMA



   Biaya masih harus dibayar (Catatan 16)                                                                                         Accrued expenses (Note 16)
   Entitas asosiasi                                                                                                                                Associate
      GMA                                    5.451.508            7.350.485               1,01                  1,56                               GMA




   Transaksi dengan pihak yang berelasi adalah                                         Transactions with related party are as follows:
   sebagai berikut:

                                                                                 Persentase terhadap Beban
                                                                                     yang bersangkutan/
                                                   Total/Total                Percentage to respective Expenses

                                            2023                 2022             2023                  2022

   Beban pokok penjualan (Catatan 25)                                                                                             Cost of goods sold (Note 25)
   Entitas asosiasi                                                                                                                                  Associate
      GMA                                   34.680.597           42.880.400              19,28                 27,32                                  GMA




   Beban kompensasi bruto bagi manajemen kunci                                          Gross compensation for the key management
   (termasuk dewan komisaris dan direksi) Grup adalah                                  (including board of commissioners and directors)
   sebagai berikut:                                                                    of the Group are as follows:

                                                          2023                     2022

   Imbalan kerja jangka pendek                              2.210.719                 1.742.756                            Short-term employee benefits




                                                                        76
Page 278
                                                             The original consolidated financial statements included herein are in
                                                                                                        the Indonesian language.


            PT ARCHI INDONESIA TBK                                        PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                              FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                          (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                     unless otherwise stated)


20. PROVISI UNTUK REKLAMASI DAN PENUTUPAN                   20. PROVISION FOR RECLAMATION AND MINE
    TAMBANG                                                     CLOSURE
   Provisi untuk reklamasi dan penutupan tambang               Provision for reclamation and mine closure relates
   merupakan jumlah yang masih harus dibayar atas              to the accrued portion of the environmental
   estimasi biaya pengolahan lingkungan selama masa            protection requirements during the mine’s life and
   tambang dan penutupan tambang yang akan terjadi             estimated closure costs to be incurred at the end of
   pada akhir umur tambang.                                    a mine’s life.
   Pada tanggal 31 Desember 2023 dan 2022, mutasi              As of December 31, 2023 and 2022, movement of
   provisi untuk reklamasi dan penutupan tambang               the provision for reclamation and mine closure is as
   adalah sebagai berikut:                                     follows:
                                           2023              2022

   Saldo awal                               12.258.073       11.547.014                                 Beginning balance
   Pelepasan diskonto (Catatan 28)             758.717          711.059                    Unwinding of discount (Note 28)

   Saldo akhir                              13.016.790       12.258.073                                      Ending balance


   Pemerintah Republik Indonesia mensyaratkan MSM               The Government of Indonesia requires MSM and
   dan TTN menempatkan jaminan reklamasi atas                   TTN to place reclamation guarantees for
   rencana reklamasi (2016-2023) dan jaminan pasca-             reclamation plan (2016-2023) as well as post-
   tambang (2015-2022). Jaminan tersebut akan                   mining guarantees (2015-2022). The guarantees
   dilepaskan setelah MSM dan TTN melakukan                     will be release when MSM and TTN has perform
   kegiatan reklamasi dan penutupan tambang. Rincian            the reclamation and mine closure activities. The
   jaminan pada tanggal 31 Desember 2023 dan 2022,              details of guarantee as of December 31, 2023
   adalah sebagai berikut:                                      and 2022, are as follows:
                                           2023              2022

   Jaminan reklamasi                                                                                   Reclamation guarantee
     2023                                    2.068.254                -                                              2023
     2022                                    1.478.909        1.478.909                                              2022
     2021                                      980.437          980.437                                              2021
     2020                                      205.761          908.213                                              2020
     2019                                      136.872          811.139                                              2019
     2018                                       32.272          132.190                                              2018
     2017                                       28.784          159.315                                              2017
     2016                                       11.227          127.099                                              2016
     2015                                            -           82.996                                              2015
     2014                                            -           31.607                                              2014
   Jaminan pasca-tambang                                                                                Post-mining guarantee
     2022                                      906.526          665.305                                              2022
     2021                                    1.395.238        1.395.238                                              2021
     2016                                    4.427.437        4.427.437                                              2016
     2015                                    4.427.437        4.427.437                                              2015

   Total                                    16.099.154       15.627.322                                                     Total

   MSM                                                         MSM
   Pada tanggal 31 Desember 2023, MSM telah                    As of December 31, 2023, MSM placed deposit
   menempatkan           jaminan     pasca-tambang             amounting to US$7,289,322 (2022: US$7,289,322)
   berupa       deposito    sebesar   AS$7.289.322             at BRI and Mandiri amounting to US$536,046
   (2022:S$7.289.322) di BRI dan di Mandiri sebesar            (2022: AS$294,825) as post-mining guarantee
   AS$536.046 (2022: AS$294.825) yang tercatat                 which is recorded in the account “Restricted Cash”
   dalam akun “Kas yang Dibatasi Penggunaannya”                (Note 8).
   (Catatan 8).
    Pada tanggal 31 Desember 2023 dan 2022, BSI                  As of December 31, 2023 and 2022, BSI issued
    menerbitkan garansi bank untuk kepentingan                   bank guarantee to cover the MSM’s reclamation
    jaminan reklamasi MSM sebesar AS$2.268.800 dan               guarantee amounting to US$2,268,800 and
    AS$2.675.385.                                                US$2,675,385, respectively.

                                                       77
Page 279
                                                                                           The original consolidated financial statements included herein are in
                                                                                                                                      the Indonesian language.


            PT ARCHI INDONESIA TBK                                                                        PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                                       NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                                              FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                                    As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                               for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                          (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                                     unless otherwise stated)


20. PROVISI UNTUK REKLAMASI DAN PENUTUPAN                                              20. PROVISION FOR RECLAMATION AND MINE
    TAMBANG (lanjutan)                                                                     CLOSURE (continued)

   TTN                                                                                         TTN

   Pada tanggal 31 Desember 2023, TTN telah                                                    On December 31, 2023, TTN placed deposit
   menempatkan          jaminan       pasca-tambang                                            amounting       to    US$1,565,552    (2022:
   berupa      deposito    sebesar     AS$1.565.552                                            US$1,565,552) at BRI and Mandiri amounting to
   (2022: AS$1.565.552) di BRI dan di Mandiri sebesar                                          US$1,765.718 (2022: US$1,765,718) as mine
   AS$1.765.718 (2022: AS$1.765.718) yang tercatat                                             closure guarantee which is recorded in the
   dalam akun “Kas yang Dibatasi Penggunaannya”                                                account “Restricted Cash” (Note 8).
   (Catatan 8).

   Pada tanggal 31 Desember 2023 dan 2022, BSI                                                 As of December 31, 2023 and 2022, Mandiri
   menerbitkan garansi bank untuk kepentingan                                                  issued a bank guarantee to cover TTN’s
   jaminan reklamasi TTN sebesar AS$2.673.716 dan                                              reclamation   guarantee    amounting        to
   AS$2.036.520.                                                                               US$2,673,716 and US$2,036,520, respectively.


21. MODAL SAHAM DAN CADANGAN WAJIB                                                     21. SHARE   CAPITAL                       AND         MANDATORY
                                                                                           RESERVE

   a. Modal Saham                                                                              a.     Share Capital

      Susunan pemegang saham Perusahaan dan                                                           The Company’s shareholders and their
      persentase   kepemilikan   pada      tanggal                                                    ownership interests as of December 31, 2023
      31 Desember 2023 adalah sebagai berikut:                                                        are as follows:
                                            Jumlah Saham
                                           Ditempatkan dan
                                            Disetor Penuh/            Persentase
                                              Number of              Kepemilikan/
                                            Shares Issued            Percentage of                    AS$/
          Pemegang Saham                    and Fully Paid            Ownership                       US$                          Shareholders

      PT Rajawali Corpora                     21.109.650.000                     85,00%                  17.440.060                         PT Rajawali Corpora
      PT Basis Utama Prima                     1.533.512.500                      6,17%                   1.266.935                       PT Basis Utama Prima
      Hidayat Dwiputro Sulaksono*)                   771.900                      0,00%                         583                 Hidayat Dwiputro Sulaksono*)
      Lain-lain (dengan kepemilikan
        masing-masing di bawah 5%,                                                                                                 Others (with ownership interest
        termasuk publik)                       2.191.065.600                       8,83%                     1.642.904         below 5% each, including public)

      Total                                   24.835.000.000                    100,00%                  20.350.482                                         Total

      *) Hidayat Dwiputro Sulaksono adalah direktur Perusahaan/Hidayat Dwiputro Sulaksono is the director of the Company


      Susunan pemegang saham Perusahaan dan                                                           The Company’s shareholders and their
      persentase   kepemilikan   pada      tanggal                                                    ownership interests as of December 31, 2022
      31 Desember 2022 adalah sebagai berikut:                                                        are as follows:
                                            Jumlah Saham
                                           Ditempatkan dan
                                            Disetor Penuh/            Persentase
                                              Number of              Kepemilikan/
                                            Shares Issued            Percentage of                    AS$/
          Pemegang Saham                    and Fully Paid            Ownership                       US$                          Shareholders

      PT Rajawali Corpora                     21.109.650.000                     85,00%                  17.440.060                         PT Rajawali Corpora
      PT Basis Utama Prima                     1.533.512.500                      6,17%                   1.266.935                       PT Basis Utama Prima
      Hidayat Dwiputro Sulaksono*)                   771.900                      0,00%                         583                 Hidayat Dwiputro Sulaksono*)
      Lain-lain (dengan kepemilikan
        masing-masing di bawah 5%,                                                                                                 Others (with ownership interest
        termasuk publik)                       2.191.065.600                       8,83%                     1.642.904         below 5% each, including public)

      Total                                   24.835.000.000                    100,00%                  20.350.482                                         Total

      *) Hidayat Dwiputro Sulaksono adalah direktur Perusahaan/Hidayat Dwiputro Sulaksono is the director of the Company




                                                                            78
Page 280
                                                              The original consolidated financial statements included herein are in
                                                                                                         the Indonesian language.


           PT ARCHI INDONESIA TBK                                            PT ARCHI INDONESIA TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
    KEUANGAN KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
        Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
  Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
    (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
             kecuali dinyatakan lain)                                         unless otherwise stated)


21. MODAL SAHAM         DAN    CADANGAN       WAJIB          21. SHARE    CAPITAL    AND                       MANDATORY
    (lanjutan)                                                   RESERVE (continued)

   b.   Cadangan Wajib                                            b.     Mandatory Reserve
        Grup dipersyaratkan oleh Undang-undang No.                       The Group is required by the Law No. 40 Year
        40 Tahun 2007 tentang Perseroan Terbatas,                        2007 regarding Limited Liability Entities, to
        untuk mengalokasikan sampai dengan 20% dari                      allocate and maintain a non-distributable
        modal saham ditempatkan dan disetor penuh ke                     reserve fund until the said reserve reaches
        dalam dana cadangan yang tidak boleh                             20% of the issued and fully paid share capital.
        didistribusikan.   Persyaratan    permodalan                     This externally imposed capital requirement is
        eksternal tersebut dipertimbangkan oleh Grup                     considered by the Group at the Annual
        pada Rapat Umum Pemegang Saham Tahunan                           General Shareholders Meeting (“AGM”).
        (“RUPST”).
        Dalam RUPST yang diselenggarakan pada                            In the AGM held on April 26, 2022, which was
        tanggal 26 April 2022 yang disahkan dengan                       covered by Notarial Deed No. 77 dated April
        Akta Notaris Mala Mukti, S.H., L.L.M., No. 77                    26, 2022 of Mala Mukti, S.H., L.L.M., the
        tanggal 26 April 2022, para pemegang saham                       shareholders approved appropriation of
        menyetujui cadangan umum atas saldo laba                         retained earnings for general reserve
        yang telah ditentukan penggunaannya sebesar                      amounting to US$200,000.
        AS$200.000.
        Dalam RUPST yang diselenggarakan pada                            In the AGM held on June 19, 2023, which was
        tanggal 19 Juni 2023 yang disahkan dengan                        covered by Notarial Deed No. 53 dated June
        Akta Notaris Mala Mukti, S.H., L.L.M., No. 53                    19, 2023 of Mala Mukti, S.H., L.L.M., the
        tanggal 19 Juni 2023, para pemegang saham                        shareholders      approved      addition    of
        menyetujui penambahan cadangan umum atas                         appropriation of retained earnings for general
        saldo    laba    yang     telah    ditentukan                    reserve amounting to US$100,000.
        penggunaannya sebesar AS$100.000.

   c.   Pengelolaan Modal                                         c.     Capital Management

        Tujuan utama pengelolaan modal Grup adalah                       The primary objective of the Group’s capital
        untuk memastikan pemeliharaan rasio modal                        management is to ensure that it maintains
        yang sehat untuk mendukung bisnis dan                            healthy capital ratios in order to support its
        memaksimalkan nilai pemegang saham.                              business and maximize shareholder value.

        Grup mengelola permodalan untuk menjaga                          The Group manages its capital to safeguard
        kelangsungan    usahanya    dalam  rangka                        the Group’s ability to continue as a going
        memaksimumkan kekayaan para pemegang                             concern in order to maximize the return to
        saham dan manfaat kepada pihak lain yang                         shareholders and benefits for other
        berkepentingan terhadap Grup dan untuk                           stakeholders, and to maintain optimal capital
        menjaga struktur optimal permodalan untuk                        structure to reduce the cost of capital.
        mengurangi biaya permodalan.

   d.   Saldo Laba                                                d.     Retained Earnings

        Pada tanggal 31 Desember 2023, saldo laba                        As of December 31, 2023, retained earnings
        sebesar         AS$151.597.771       (2022:                      amounting to US$151,597,771 (2022:
        AS$137.178.047) terdapat bagian penghasilan                      US$137,178,047)     consists    of   other
        (rugi) komprehensif lainnya atas pengukuran                      comprehensive income (loss) from the
        kembali liabilitas imbalan kerja sebesar                         remeasurement of employee benefit liability
        AS$1.342.039 (2022: AS$1.408.100).                               amounting   to    US$1,342,039      (2022:
                                                                         US$1,408,100).




                                                        79
Page 281
                                                                          The original consolidated financial statements included herein are in
                                                                                                                     the Indonesian language.


            PT ARCHI INDONESIA TBK                                                     PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                    NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                           FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                 As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                       (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                  unless otherwise stated)


22. TAMBAHAN MODAL DISETOR                                              22.    ADDITIONAL PAID-IN CAPITAL

   Unsur-unsur tambahan modal disetor adalah sebagai                           The components of additional paid-in capital are
   berikut:                                                                    as follows:

   Agio saham, setelah dikurangi biaya                                                             Share premium, net of share issuance
      emisi saham                                            61.705.645                                                       costs
   Kombinasi bisnis                                                                                              Business combination
      entitas sepengendali                                   33.995.425                                      under common control
   Opsi saham                                                    89.381                                                   Share options

   Total                                                     95.790.451                                                                 Total


   Rincian dari kombinasi bisnis entitas sepengendali                         The details of business combination under
   adalah sebagai berikut:                                                    common control are as follows:
                                                                                                                           Selisih Nilai
                                                                                                                      Transaksi Kombinasi
                                                                                                                          Bisnis Entitas
                                                                                                                         Sepengendali/
                                                                                             Nilai Tercatat            Difference in Value
                                                                                           Aset Neto Entitas               of Business
                                          Tanggal Efektif                                   yang Diakuisisi/             Combination of
                                             Transaksi/            Total Imbalan/          Carrying Amount               Entities Under
                Deskripsi/               Effective Date of             Total               of Net Assets of             Common Control
               Description                  Transaction            Consideration           Entities Acquired              Transactions
   Akuisisi saham ARPTE/ Acquisition     8 Januari 2014/
         of ARPTE’s shares               January 8, 2014              195.203.975                 229.199.400                     33.995.425
   Total/Total                                                                                                                    33.995.425

   Opsi Saham                                                                 Share Options

   MESOP                                                                      MESOP

   Berdasarkan Akta Notaris Mala Mukti, S.H. LL.M.,                           Based Notarial Deed No. 28 of Mala Mukti, S.H.
   No. 28 tanggal 9 Februari 2021, Perusahaan                                 LL.M., dated February 9. 2021, the Company
   memberikan MESOP kepada karyawan yang                                      grants the MESOP to certain eligible employee
   memenuhi syarat tertentu sebanyak-banyaknya                                maximum 400,000,000 shares.
   400.000.000 saham.

   Hak opsi dalam MESOP akan diterbitkan dalam tiga                           The option rights of MESOP will be issued
   tahapan yaitu: (i) tahap pertama sebesar 60% dari                          gradually in three stages by the following dates: (i)
   jumlah hak opsi MESOP ini akan diterbitkan                                 first stage at the latest 12 months after the listing
   selambat-lambatnya 12 bulan sejak tanggal                                  date in the maximum of 60% of the total options of
   pencatatan saham; (ii) tahap kedua sebesar 20% dari                        MESOP; (ii) second stage at the latest 24 months
   jumlah hak opsi MESOP ini akan diterbitkan                                 after the listing date in the maximum of 20% from
   selambat-lambatnya 24 bulan sejak tanggal                                  the total options of MESOP, and (iii) third stage at
   pencatatan saham; dan (iii) tahap ketiga sebesar                           the latest 36 months after the listing date in the
   20% dari jumlah hak opsi MESOP ini akan diterbitkan                        maximum 20% of the total options of MESOP.
   selambat-lambatnya 36 bulan sejak tanggal
   pencatatan saham.

   Hak opsi berlaku selama 5 tahun terhitung sejak                            The option rights valid for 5 years after the grant
   tanggal penerbitannya, 9 Februari 2021, dan akan                           date, February 9, 2021, and have vesting period of
   dikenakan masa tunggu (vesting period) ditetapkan 1                        1 year after the issuance of the option rights.
   tahun terhitung sejak penerbitan hak opsi.

   Tujuan utama MESOP adalah agar manajemen dan                               The main purpose of the MESOP is for our key
   karyawan kunci mempunyai rasa memiliki                                     management and employees to have a sense of
   Perusahaan.                                                                belonging in the Company.



                                                              80
Page 282
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.


            PT ARCHI INDONESIA TBK                                                PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                      FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                  (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                             unless otherwise stated)


22. TAMBAHAN MODAL DISETOR (lanjutan)                             22.     ADDITIONAL PAID-IN CAPITAL (continued)

   Opsi Saham (lanjutan)                                                 Share Options (continued)

   MESOP (lanjutan)                                                      MESOP (continued)

   Pada tanggal 21 Oktober 2021, Perusahaan telah                        On October 21, 2021, the Company issued first
   menerbitkan hak opsi tahap pertama sebanyak                           stage the option rights of 240,000,000 shares with
   240.000.000 saham dengan harga eksekusi Rp750                         exercise price Rp750 (in full Rupiah).
   (dalam Rupiah penuh).
   Pada tanggal 31 Desember 2023 dan 2022, saldo                          As of December 31, 2023 dan 2022, balance of
   opsi saham sebesar AS$89.381.                                          share options amounted to US$89,381.

   Rata-rata tertimbang sisa umur kontrak opsi saham                      The weighted average remaining contractual life
   yang beredar pada tanggal 31 Desember 2023                             for the share options outstanding as at 31
   adalah 2 tahun (2022: 3 tahun).                                        December 2023 was 2 years (2022: 3 years).

   Harga pelaksanaan untuk opsi yang beredar pada                         The exercise price for options outstanding at the
   akhir tahun adalah Rp750 (2022: Rp750).                                end of the year was Rp750 (2022: Rp750).

   Rata-rata tertimbang dari nilai wajar opsi pada                       The weighted average of fair value of option as of
   tanggal 31 Desember 2023 dan 2022 adalah sebesar                      December 31, 2023 and 2022 is Rp5.31.
   Rp5,31.

   Beban kompensasi ditentukan berdasarkan nilai                         The compensation cost is determined based on
   wajar dengan menggunakan metode penentuan                             the fair value using the “Black-Scholes” option
   harga   opsi   “Black-Scholes”   untuk   tanggal                      pricing model for December 31, 2022 and 2021
   31 Desember 2022 dan 2021 dengan asumsi suku                          with the assumptions of risk free interest rate and
   bunga bebas risiko dan ekspektasi ketidakstabilan                     expected share volatility are 3.3% and 38.9%,
   harga masing-masing sebesar 3,3% dan 38,9%.                           respectively.

   Volatilitas yang diharapkan mencerminkan asumsi                        The expected volatility reflects the assumption
   bahwa volatilitas historis selama periode yang serupa                  that the historical volatility over a period similar to
   dengan umur opsi merupakan indikasi tren masa                          the life of the options is indicative of future trends,
   depan, yang belum tentu merupakan hasil aktual.                        which may not necessarily be the actual outcome.


23. SELISIH ATAS AKUISISI KEPENTINGAN NON-                        23. DIFFERENCE   ACQUISITION                        OF        NON-
    PENGENDALI                                                        CONTROLLING INTERESTS
   Akun ini merupakan selisih nilai antara imbalan yang                  This account represents difference between the
   dialihkan dan nilai tercatat 5% kepemilikan non-                      consideration transferred and the carrying amount
   pengendali pada MSM dan TTN yang diambil alih                         of 5% non-controlling equity interests in MSM and
   oleh Perusahaan dari pihak ketiga pada awal tahun                     TTN acquired by the Company from a third party in
   2011, dengan rincian sebagai berikut:                                 the beginning of 2011, with details follows:
   Imbalan yang dialihkan                                   2.266.667                                Consideration transferred
   Dikurangi:                                                                                                              Less:
   Nilai tercatat kepentingan non-pengendali               (2.838.974)              Carrying amount of non-controlling interests
                                                                                         Difference arising from acquisition of
   Selisih atas akuisisi kepentingan non-pengendali         5.105.641                             non-controlling interests




                                                           81
Page 283
                                                                                The original consolidated financial statements included herein are in
                                                                                                                           the Indonesian language.


            PT ARCHI INDONESIA TBK                                                           PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                          NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                                 FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                       As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                  for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                             (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                        unless otherwise stated)


24. PENDAPATAN               DARI         KONTRAK           DENGAN             24. REVENUE   FROM                     CONTRACTS                  WITH
    PELANGGAN                                                                      CUSTOMERS

   Berdasarkan Tujuan                                                             Based on Sales Area

                                                            2023                2022

   Penjualan domestik (Catatan 34)                          130.632.999        150.338.309                             Domestic sales (Note 34)
   Penjualan luar negeri (Catatan 34)                       118.997.769         66.137.963                               Export sales (Note 34)

   Total                                                    249.630.768        216.476.272                                                       Total


   Berdasarkan Pelanggan                                                          Based on Customers
                                              2023                 %            2022                %

   Pihak ketiga                                                                                                                            Third parties
       Sri Exports                             60.428.435              24,21     9.616.563               4,44                              Sri Exports
       StoneX APAC Pte Ltd                     54.908.935              21,99    26.570.650              12,27                  StoneX APAC Pte Ltd
       PT Swarnim Murni Mulia                  51.281.644              20,54             -                  -                PT Swarnim Murni Mulia
       PT Untung Bersama Sejahtera             50.488.794              20,23             -                  -          PT Untung Bersama Sejahtera
       PT Indo Exim International               8.059.963               3,23             -                  -              PT Indo Exim International
       PT Bhumi Satu Inti                       4.855.210               1,94   135.555.649              62,62                      PT Bhumi Satu Inti
       PT King Halim Jewelry                    4.299.891               1,72             -                  -                  PT King Halim Jewelry
       Zaveri and Company Jewellers Private     3.660.399               1,47             -                  -   Zaveri and Company Jewellers Private
       PT Lotus Lingga Pratama                  4.562.734               1,83     9.052.083               4,18               PT Lotus Lingga Pratama
       PT Indo Prosperity International         1.995.812               0,80             -                  -         PT Indo Prosperity International
       YLG Bullion                                                                                                                        YLG Bullion
           Singapore Pte Ltd                            -                  -    29.950.750              13,84                   Singapore Pte Ltd
       Lain-lain (masing-masing di
           bawah AS$500.000)                    5.088.951               2,04     5.730.577               2,65       Others (each below US$500,000)

   Total                                      249.630.768               100    216.476.272               100                                      Total


   Kewajiban pelaksanaan pada Grup, yang mencakup                                The performance obligations of the Group, which
   produk-produk di atas, dipenuhi pada saat                                     cover the products mentioned above, are satisfied
   pengiriman dari lokasi Grup atau pada penyerahan                              upon shipment from the Group’s location or upon
   barang di lokasi pelanggan sesuai persyaratan                                 delivery of the goods at the customer’s location as
   dalam kontrak. Jangka waktu pembayaran yang                                   agreed in the contracts. The term of payment is
   ditetapkan pada kontrak adalah antara 1 sampai 30                             generally due within 1 to 30 days upon fulfillment of
   hari setelah kewajiban pelaksanaan dipenuhi. Untuk                            the performance obligation. For export sales, the
   penjualan ekspor, Grup mensyaratkan pembayaran                                Group requires cash against the presentation of
   saat penyerahan dokumen penjualan.                                            documents of title.




                                                                         82
Page 284
                                                                            The original consolidated financial statements included herein are in
                                                                                                                       the Indonesian language.


            PT ARCHI INDONESIA TBK                                                        PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                       NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                              FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                    As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                          (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                     unless otherwise stated)


25. BEBAN POKOK PENJUALAN                                                25. COST OF GOODS SOLD

                                                     2023                  2022

   Biaya produksi:                                                                                                        Production costs:
     Jasa kontraktor pertambangan                    73.860.664             64.065.785                         Mining contractor services
     Pemakaian bahan                                 24.146.940             24.305.397                                    Materials used
     Royalti                                         19.686.373             10.443.670                                            Royalty
     Amortisasi (Catatan 11)                         16.504.288             28.699.395                             Amortization (Note 11)
     Gaji, upah, bonus dan                                                                                 Salaries, wages, bonuses and
        kesejahteraan karyawan                       15.492.924             15.897.758                               employee benefits
     Listrik                                         12.600.379             11.786.049                                          Electricity
     Pemeliharaan dan perbaikan                      10.177.374             10.185.846                         Repairs and maintenance
     Penyusutan (Catatan 9)                           8.955.660              7.629.578                              Depreciation (Note 9)
     Lain-lain                                       19.975.129             22.128.438                                             Others
     Total biaya yang dikapitalisasi
        ke properti pertambangan                                                                                Total cost capitalized to
        (Catatan 11)                                (42.091.054)           (32.743.240)                     mine properties (Note 11)

   Beban pokok produksi                             159.308.677            162.398.676                           Cost of goods produced

   Persediaan awal                                                                                                    Beginning inventories
     Bijih emas tersedia untuk                                                                                      Gold ore available for
        diproses (stockpiles)                       113.746.764            105.614.553                         processing (stockpiles)
     Barang jadi - emas batangan                                                                               Finished goods - Gold bar
        dan dore bullions                             8.620.924             10.919.680                               and dore bullions
     Persediaan (dore bullions) dalam proses          3.705.450              4.086.037                            Dore bullions in process
   Persediaan akhir (Catatan 7)                                                                                 Ending inventories (Note 7)
     Bijih emas tersedia untuk                                                                                     Gold ore available for
        diproses (stockpiles)                       (93.965.233)          (113.746.764)                        processing (stockpiles)
     Barang jadi - emas batangan                                                                               Finished goods - Gold bar
        dan dore bullions                             (8.719.790)            (8.620.924)                             and dore bullions
     Persediaan (dore bullions) dalam proses          (2.835.719)            (3.705.450)                        Dore bullions in process

   Beban pokok penjualan                            179.861.073            156.945.808                                 Cost of goods sold



   Untuk tahun yang berakhir pada tanggal                                      For the year ended December 31, 2023 and 2022,
   31 Desember 2023 dan 2022, pembelian yang                                   purchases that were more than 10% of the
   melebihi 10% dari jumlah pendapatan konsolidasian                           consolidated revenue were as follows:
   adalah sebagai berikut:
                                                                            Persentase terhadap
                                                                         pendapatan konsolidasian/
                                                                         Percentage to consolidated
                                              Total/Total                         revenue

                                       2023                 2022           2023               2022

   Jasa kontraktor pertambangan                                                                                       Mining contractor services
      GMA (Catatan 19)                 34.680.597           42.880.400            13,89            19,81                    GMA (Note 19)




                                                                   83
Page 285
                                                           The original consolidated financial statements included herein are in
                                                                                                      the Indonesian language.


            PT ARCHI INDONESIA TBK                                      PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                            FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                             for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                        (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                   unless otherwise stated)


26. BEBAN UMUM DAN ADMINISTRASI                           26. GENERAL AND ADMINISTRATIVE EXPENSES
                                            2023           2022

    Gaji, upah, bonus dan                                                                  Salaries, wages, bonuses and
      kesejahteraan karyawan                 6.526.775      5.981.767                                employee benefits
    Jasa profesional                           880.288        914.494                                  Professional fees
    Lain-lain                                2.112.001      1.798.527                                            Others

    Total                                    9.519.064      8.694.788                                                   Total


27. PENDAPATAN OPERASI LAIN                               27. OTHER OPERATING INCOME
                                            2023           2022

   Penjualan perak                           4.998.441      5.499.055                                          Sale of silver
   Royalti                                    (180.174)      (120.476)                                              Royalty

                                             4.818.267      5.378.579
   Laba selisih kurs                                 -      4.980.563                           Gain on foreign exchange
   Pendapatan klaim asuransi                         -      1.000.000                        Income from insurance claim
   Lain-lain                                   326.748        230.351                                              Others

   Total                                     5.145.015     11.589.493                                                   Total


28. BEBAN OPERASI LAIN                                    28. OTHER OPERATING EXPENSES

                                            2023           2022

    Remediasi pit Araren                     5.230.407     10.962.103                              Araren pit remediation
    Beban pajak                              1.389.324      1.255.508                                        Tax expense
    Pelepasan diskonto atas provisi                                                             Unwinding of discount for
      untuk reklamasi dan penutupan                                                       provision for reclamation and
      tambang (Catatan 20)                    758.717          711.059                           mine closure (Note 20)
    Rugi selisih kurs                         457.008                -                         Loss on foreign exchange
    Penyisihan atas                                                                          Allowance for obsolescence
      keusangan suku cadang                   246.238          350.850                                    of spareparts
    Pembayaran berbasis saham yang                                                              Cash settled share based
      diselesaikan dengan kas                       -          393.937                                         payment
    Lain-lain                                 587.802          320.580                                             Others

    Total                                    8.669.496     13.994.037                                                   Total


29. BEBAN KEUANGAN                                        29. FINANCE COSTS

                                            2023           2022

    Beban bunga atas utang jangka panjang   29.728.294     18.009.374              Interest expenses on long term loans
    Amortisasi biaya tangguhan                                                       Amortization of deferred charges of
      utang bank                              586.468       2.147.542                                      bank loans
    Lain-lain                                 961.668         359.588                                             Others

    Total                                   31.276.430     20.516.504                                                   Total




                                                     84
Page 286
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.


            PT ARCHI INDONESIA TBK                                               PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                     FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                 (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                            unless otherwise stated)


30. LABA PER SAHAM DASAR                                          30. BASIC EARNINGS PER SHARE

                                                2023                2022

   Laba tahun berjalan                                                                                           Profit for the year
     yang dapat diatribusikan                                                                                     attributable to
     kepada pemilik entitas induk                14.569.739         14.550.684                              owners of the parent
   Jumlah rata-rata                                                                                              Weighted average
     tertimbang saham                        24.835.000.000      24.835.000.000                                 number of shares
   Laba per saham dasar yang
     dapat diatribusikan kepada                                                                       Basic earnings per share
     pemilik entitas induk                           0,0006              0,0006            attributable owners of the parent



31. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                         31. FINANCIAL     RISK      MANAGEMENT
    KEUANGAN                                                          OBJECTIVES AND POLICIES

   Risiko utama dari instrumen keuangan Grup adalah                     The main risks arising from the Group’s financial
   risiko kredit, risiko valuta asing, risiko suku bunga,               instruments are credit risk, foreign currency risk
   risiko harga komoditas dan risiko likuiditas. Direksi                interest rate risk, commodity price risk and liquidity
   menelaah dan menyetujui kebijakan untuk                              risk. The Directors review and agree policies for
   mengelola masing-masing risiko tersebut yang                         managing each of these risks, which are
   dijelaskan dengan lebih rinci sebagai berikut:                       described in more details as follows:

   a.   Risiko Kredit                                                   a. Credit Risk

        Risiko kredit adalah risiko bahwa mitra usaha                       Credit risk is the risk that a counterparty will not
        tidak     akan     memenuhi         kewajibannya                    meet its obligations under a financial
        berdasarkan instrumen keuangan atau kontrak                         instrument or customer contract, leading to a
        pelanggan, sehingga mengakibatkan kerugian                          financial loss. The Group’s objective is to seek
        keuangan. Tujuan Grup adalah pertumbuhan                            continual sales growth and at the same time
        penghasilan secara terus-menerus dan pada                           minimizing losses incurred due to increased
        saat yang sama meminimalkan kerugian yang                           credit risk exposure. The Group trades only
        terjadi akibat paparan risiko kredit. Grup hanya                    with recognized and creditworthy third parties.
        berbisnis dengan pihak ketiga yang telah dikenal
        dan mempunyai kelayakan keuangan untuk
        mendapat kredit.

        Kebijakan Grup adalah menjual emas ke pihak                         The Group’s policy is to sell gold to third parties
        ketiga secara kas atau melalui pembayaran                           using cash method or advance payment
        dimuka. Oleh karena itu, risiko kredit Grup                         method. Hence, the credit risk for the Group is
        adalah minimum.                                                     minimum.

        Kas dalam bank ditempatkan pada lembaga                             Cash in banks are placed with financial
        keuangan yang diatur dan mempunyai reputasi                         institutions which are regulated and reputable.
        baik.

        Paparan maksimum terhadap risiko kredit                             The maximum exposure to credit risk is
        dinyatakan dengan nilai tercatat dari setiap                        represented by the carrying amount of each
        kelompok aset keuangan dalam laporan posisi                         class of financial assets in the consolidated
        keuangan konsolidasian.                                             statements of financial position.




                                                            85
Page 287
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.


            PT ARCHI INDONESIA TBK                                                 PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                       FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                             As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                   (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                              unless otherwise stated)


31. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                       31. FINANCIAL     RISK        MANAGEMENT
    KEUANGAN (lanjutan)                                             OBJECTIVES AND POLICIES (continued)

   b. Risiko Valuta Asing                                                b. Foreign Currency Risk

      Grup melakukan transaksi bisnis utama dalam                             The Group transacts its main business in
      beberapa valuta asing, misalnya Dolar Australia                         foreign currencies i.e Australian dollar (AUD),
      (AUD), Rupiah (Rp), Dolar Singapura (SGD),                              Indonesian Rupiah (IDR), Singapore dollar
      dan Euro (EUR) oleh karena itu, terpapar pada                           (SGD), and Euro (EUR) and therefore is
      risiko valuta asing. Grup tidak mempunyai                               exposed to foreign exchange risk. The Group
      kebijakan lindung nilai valuta asing. Namun                             does not have a foreign currency hedging
      demikian, manajemen memantau eksposur                                   policy. However, management monitors
      valuta asing dan akan mempertimbangkan untuk                            foreign exchange exposure and will consider
      melakukan lindung nilai atas risiko valuta asing                        hedging significant foreign exchange risk
      yang signifikan jika perlu.                                             should the need arises.

      Pada tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and December 31,
      31 Desember 2022, Grup memiliki aset dan                                2022, the Group has assets and liabilities
      liabilitas dalam mata uang asing. Aset dan                              denominated in foreign currencies. The foreign
      liabilitas dalam mata uang asing pada tanggal                           currencies-denominated assets and liabilities
      tersebut disajikan dengan kurs yang berlaku                             are presented using exchange rates as of
      pada tanggal 31 Desember 2023 dan 31                                    December 31, 2023 and December 31, 2022
      Desember 2022 dengan liabilitas neto dalam                              amounted      to     US$15,945,540        and
      mata uang asing sebesar AS$15.945.540 dan                               US$46,499,158, respectively.
      AS$46.499.158.
      Berdasarkan simulasi yang rasional, dengan                              Based on a sensible simulation, with all other
      seluruh variabel-variabel lain tidak berubah,                           variables held constant, sensitivity analysis on
      analisa sensitivitas atas perubahan nilai tukar                         the change of exchange rate of US Dollar
      Dolar AS terhadap Rupiah, Dolar Australia,                              against Rupiah, Australian Dollar, New
      Dolat Selandia Baru, Dolar Singapura dan Euro                           Zealand Dollar, Singapore Dollar and Euro is
      adalah sebagai berikut:                                                 as follows:
                                                        2023

                                                                             Pengaruh
                                 Tingkat                                   pada Ekuitas/
                                Kepekaan/          Laba Rugi/                Effect on
                              Sensitivity Rate    Profit or loss              Equity

      Rupiah (Rp)                        10%             1.444.029                1.444.029                             Rupiah (IDR)
      Dolar Australia (AUD)              10%               153.604                  153.604                  Australian Dollar (AUD)
      Dolar Singapura (SGD)              10%                (1.908)                  (1.908)                 Singapore Dollar (SGD)
      Euro (EUR)                         10%                (1.768)                  (1.768)                             Euro (EUR)

                                                        2022

                                                                             Pengaruh
                                 Tingkat                                   pada Ekuitas/
                                Kepekaan/          Laba Rugi/                Effect on
                              Sensitivity Rate    Profit or loss              Equity

      Rupiah (Rp)                        10%             4.551.143                4.551.143                             Rupiah (IDR)
      Dolar Australia (AUD)              10%               (10.691)                 (10.691)                 Australian Dollar (AUD)
      Dolar Singapura (SGD)              10%                (2.123)                  (2.123)                 Singapore Dollar (SGD)
      Euro (EUR)                         10%                (1.197)                  (1.197)                             Euro (EUR)




                                                         86
Page 288
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.


            PT ARCHI INDONESIA TBK                                             PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                   FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                               (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                          unless otherwise stated)


31. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                       31. FINANCIAL     RISK        MANAGEMENT
    KEUANGAN (lanjutan)                                             OBJECTIVES AND POLICIES (continued)

   c.   Risiko Suku Bunga                                            c. Interest Rate Risk

        Risiko suku bunga adalah risiko bahwa nilai                       Interest rate risk is the risk that the fair value
        wajar arus kas masa mendatang suatu                               on future cash flows of a financial instrument
        instrumen keuangan akan berfluktuasi karena                       will fluctuate because of changes in market
        perubahan pada suku bunga pasar.                                  interest rate.

        Karena Grup tidak mempunyai aset berbunga                         As the Group has no significant interest-
        yang signifikan, penghasilan dan arus kas                         bearing assets, the Group’s income and
        operasional Grup pada umumnya bebas dari                          operating cash flows are substantially
        perubahan suku bunga pasar.                                       independent of changes in market interest
                                                                          rates.

        Eksposur Grup terhadap risiko suku bunga                          The Group’s exposure to interest rate risk
        timbul terutama dari pinjaman jangka pendek                       arises primarily from its short-term and long-
        dan jangka panjang dengan suku bunga                              term loans with floating interest rates.
        mengambang.

        Kebijakan Grup adalah meminimalkan paparan                        The Group’s policy is to minimize interest rate
        risiko suku bunga pada saat perolehan                             risk exposure while obtaining sufficient funds
        kecukupan dana untuk perluasan usaha dan                          for business expansion and working capital
        kebutuhan modal kerja.                                            needs.

        Untuk tahun-tahun yang berakhir pada tanggal                      For the years ended December 31, 2023
        31 Desember 2023 dan 2022, berdasarkan                            and 2022, based on a sensible simulation, had
        simulasi yang rasional, jika tingkat suku bunga                   the floating interest rates of short-term and
        mengambang pinjaman jangka pendek dan                             long-term loans        been 100 basis points
        jangka panjang lebih tinggi/lebih rendah 100                      higher/lower, with all other variables held
        basis poin, dengan seluruh variabel-variabel                      constant, profit (loss) before income tax would
        lain tidak berubah, maka efek pada laba (rugi)                    have been affected as follows:
        sebelum pajak penghasilan akan menjadi
        sebagai berikut:

                                               2023              2022

        Lebih rendah/tinggi                       297.517            180.384                                         Lower/higher

   d.   Risiko Harga Komoditas                                      d.    Commodity Price Risk

        Grup menjual emas berdasarkan harga spot dan                      The Group sells gold at spot rates and has not
        tidak mempunyai kontrak penjualan forward.                        entered into any forward sales contracts. For
        Untuk tahun yang berakhir pada tanggal 31                         the year ended December 31, 2023 and 2022,
        Desember 2023 and 2022, kebijakan Grup                            the Group’s policy is that no hedging in the
        adalah untuk tidak melakukan lindung nilai atas                   said commodity price risk shall be undertaken.
        risiko harga komoditas tersebut.

        Tidak ada analisis sensitivitas disajikan karena                  No sensitivity analysis is presented as
        manajemen yakin bahwa risiko komoditas tidak                      management believes that commodity risk is
        signifikan.                                                       not significant.




                                                           87
Page 289
                                                                           The original consolidated financial statements included herein are in
                                                                                                                      the Indonesian language.


            PT ARCHI INDONESIA TBK                                                       PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                             FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                   As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                         (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                    unless otherwise stated)


31. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                          31. FINANCIAL     RISK        MANAGEMENT
    KEUANGAN (lanjutan)                                                OBJECTIVES AND POLICIES (continued)

   e.   Risiko Likuiditas                                                     e.    Liquidity Risk

        Risiko likuiditas adalah risiko yang timbul karena                          Liquidity risk is a risk arising when the cash
        Grup tidak memiliki arus kas yang cukup untuk                               flow position of the Group is not enough to
        memenuhi likuiditasnya. Grup memantau                                       cover the liabilities which become due. The
        kebutuhan likuiditasnya dengan memonitor ketat                              Group monitors its liquidity needs by closely
        pembayaran utang terjadwal untuk liabilitas                                 monitoring scheduled debt servicing payments
        keuangan dan arus kas keluar sehubungan                                     for financial liabilities and its cash outflows due
        dengan operasional sehari-hari.                                             to day to day operations.

        Tabel di bawah ini merangkum profil jatuh                                   The table below summarizes the maturity
        tempo liabilitas keuangan Grup, berdasarkan                                 profile of the Group’s financial liabilities, based
        arus kas kontraktual yang tidak terdiskonto,                                on contractual undiscounted payments, which
        yang mencakup beban bunga terkait:                                          include the related interest charges:

                                                          2023

                                    Kurang dari
                                    1 tahun/Less     1 s.d. 5 tahun/                Total/
                                     than 1 year      1 to 5 years                  Total

        Utang bank jangka
          pendek                       50.386.879                      -              50.386.879                      Short term bank loans
        Utang usaha                    48.817.272                      -              48.817.272                             Trade payables
        Utang lain-lain                 1.474.407                      -               1.474.407                             Other payables
        Biaya masih harus dibayar      20.653.259                      -              20.653.259                         Accrued expenses
        Utang pembiayaan
          konsumen                         76.786                      -                   76.786                  Consumer finance loans
        Utang bank jangka panjang                                                                                               Long-term
                                       45.661.333       459.761.150                 505.422.483                            bank loans

        Total                         167.069.936       459.761.150                 626.831.086                                         Total


                                                          2022

                                    Kurang dari
                                    1 tahun/Less     1 s.d. 5 tahun/                Total/
                                     than 1 year      1 to 5 years                  Total

        Utang bank jangka
          pendek                       63.259.204                      -              63.259.204                      Short term bank loans
        Utang usaha                    60.367.387                      -              60.367.387                             Trade payables
        Utang lain-lain                 7.108.170                      -               7.108.170                             Other payables
        Biaya masih harus dibayar      32.085.230                      -              32.085.230                         Accrued expenses
        Utang pembiayaan
          konsumen                        159.202             77.793                     236.995                   Consumer finance loans
        Utang bank jangka panjang                                                                                               Long-term
                                       42.789.807       253.615.830                 296.405.637                            bank loans

        Total                         205.769.000       253.693.623                 459.462.623                                         Total




                                                             88
Page 290
                                                                                The original consolidated financial statements included herein are in
                                                                                                                           the Indonesian language.


            PT ARCHI INDONESIA TBK                                                           PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                          NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                                 FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                       As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                  for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                             (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                        unless otherwise stated)


31. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                  31. FINANCIAL     RISK        MANAGEMENT
    KEUANGAN (lanjutan)                                                        OBJECTIVES AND POLICIES (continued)

   e.   Risiko Likuiditas (lanjutan)                                                e. Liquidity Risk (continued)

        Perubahan Pada Liabilitas Yang Timbul Dari                                       Changes In Liabilities                 Arising       From
        Aktivitas Pendanaan                                                              Financing Activities

                                                                    2023
                                                                Amortisasi
                                                                  beban
                                                             tangguhan atas
                                                               utang bank/
                                                              Amortization of
                                                                 deferred
                           1 Januari/     Arus Kas/             charges on          Lain-Lain/      31 Desember/
                           January 1      Cash Flow             bank loans           Others         December 31
   Utang bank jangka                                                                                                                       Short-term
    pendek                  60.699.682    (14.500.000)                      -            972.108        47.171.790                       bank loans
   Bagian lancar atas                                                                                                              Current maturities
    utang bank jangka                                                                                                                 on long-term
    panjang                 34.940.627   (254.353.421)                      -        221.412.794         2.000.000                      bank loans
   Utang bank jangka                                                                                                                        Long-term
    panjang                216.525.840    365.000.000                586.468       (226.148.195)       355.964.113                       bank loans
   Total liabilitas dari                                                                                                        Total liabilities from
    aktivitas pendanaan    312.166.149     96.146.579                586.468          (3.763.293)      405.135.903            financing activities



                                                                    2022
                                                                Amortisasi
                                                                  beban
                                                             tangguhan atas
                                                               utang bank/
                                                              Amortization of
                                                                 deferred
                           1 Januari/     Arus Kas/             charges on          Lain-Lain/      31 Desember/
                           January 1      Cash Flow             bank loans           Others         December 31
   Utang bank jangka                                                                                                                       Short-term
    pendek                  34.204.922     28.515.154                       -         (2.020.394)       60.699.682                       bank loans
   Bagian lancar atas                                                                                                              Current maturities
    utang bank jangka                                                                                                                 on long-term
    panjang                 68.154.329    (18.532.802)                      -        (14.680.900)       34.940.627                      bank loans
   Utang bank jangka                                                                                                                        Long-term
    panjang                200.978.858                   -         2.147.542          13.399.440       216.525.840                       bank loans
   Total liabilitas dari                                                                                                        Total liabilities from
    aktivitas pendanaan    303.338.109       9.982.352             2.147.542          (3.301.854)      312.166.149            financing activities


   Kolom ‘Lainnya’ mencakup efek reklasifikasi ke                                 The ‘Other’ column includes the effect of
   bagian lancar atas utang bank jangka panjang dan                               reclassification to current maturities on long-term
   efek translasi kurs.                                                           bank loans and foreign exchange effects.




                                                                  89
Page 291
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.


            PT ARCHI INDONESIA TBK                                             PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                   FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                               (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                          unless otherwise stated)


32. INSTRUMEN KEUANGAN                                          32. FINANCIAL INSTRUMENTS
   Nilai tercatat instrumen keuangan yang disajikan                The carrying values of financial instruments
   pada laporan posisi keuangan kurang lebih sebesar               presented in the statements of financial position
   nilai wajarnya. Manajemen berpendapat bahwa nilai               approximate their fair values. Management believes
   tercatat kas dan setara kas, piutang usaha dan lain-            that the carrying values of cash and cash
   lain, kas yang dibatasi penggunaannya, utang usaha              equivalents, trade and other receivables, restricted
   dan lain-lain dan biaya masih harus dibayar,                    cash, trade and other payables and accrued
   mendekati nilai wajarnya karena bersifat jangka                 expenses approximate their fair values due to their
   pendek. Nilai tercatat dari liabilitas jangka panjang           short-term maturity. The carrying amounts of long-
   dengan suku bunga mengambang kurang lebih                       term liabilities with floating interest rates
   sebesar nilai wajarnya karena dinilai ulang secara              approximate their fair values as they are reassessed
   berkala.                                                        frequently.

33. PERJANJIAN        PENTING,     KOMITMEN        DAN          33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI                                                     AND CONTINGENCIES

   a.   Kontrak Penjualan                                           a.    Sales Agreements

        YLG Bullion Singapore Pte Ltd                                     YLG Bullion Singapore Pte Ltd

        Pada tanggal 28 Juli 2017, MSM dan TTN,                           On July 28, 2017, MSM and TTN, entered into
        melakukan perjanjian jual beli emas dengan                        a gold sale and purchase agreement with YLG
        YLG Bullion Singapore Pte Ltd, Singapura (YLG                     Bullion Singapore Pte Ltd, Singapore (YLG
        Bullion). Perjanjian tersebut berlaku sampai                      Bullion). The agreement is effective until
        dengan pemberitahuan yang lebih lanjut.                           further notice.

        StoneX APAC Pte Ltd                                               StoneX APAC Pte Ltd

        Pada tanggal 20 September 2017, MSM dan                           On September 20, 2017, MSM and TTN,
        TTN, melakukan perjanjian jual beli emas                          entered into a gold sale and purchase
        dengan StoneX APAC Pte Ltd, Singapura.                            agreement with StoneX APAC Pte Ltd,
        Perjanjian tersebut berlaku sampai dengan                         Singapore. The agreement is effective until
        pemberitahuan yang lebih lanjut.                                  further notice.

        Klausul dalam perjanjian-perjanjian penjualan di                  The above sales agreements state that title of
        atas menyatakan kepemilikan emas beralih                          the gold in respect of a transaction passes to
        kepada pembeli pada saat pembeli atau agen                        the buyer once the buyer or the buyer’s agent
        pembeli memberikan kepada penjual atau                            provides to the seller or the refinery written
        refinery pernyataan tertulis penerimaan emas di                   acknowledgement of receipt of the gold at the
        lokasi pemurnian.                                                 delivery location.

        PT Bhumi Satu Inti                                                PT Bhumi Satu Inti

        Pada tanggal 1 Agutus 2021, MSM dan TTN,                          On August 1, 2021, MSM and TTN, entered
        melakukan perjanjian jual beli emas dengan                        into a gold sale and purchase agreement with
        PT Bhumi Satu Inti, Indonesia. Perjanjian                         PT Bhumi Satu Inti, Indonesia. The agreement
        tersebut berlaku sampai dengan 31 Juli 2024.                      is effective until July 31, 2024.

        Sri Exports                                                       Sri Exports

        Pada tanggal 1 Juli 2022, EMAS, melakukan                         On July 1, 2022, EMAS, entered into a gold
        perjanjian jual beli emas dengan Sri Exports,                     sale and purchase agreement with Sri
        India. Perjanjian tersebut berlaku sampai                         Exports, India. The agreement is effective until
        dengan 30 Juni 2025.                                              June 30, 2025.




                                                           90
Page 292
                                                                The original consolidated financial statements included herein are in
                                                                                                           the Indonesian language.


            PT ARCHI INDONESIA TBK                                            PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                         unless otherwise stated)


33. PERJANJIAN     PENTING,       KOMITMEN        DAN          33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                         AND CONTINGENCIES (continued)

   b.   Perjanjian Pemurnian                                       b.    Refining Agreements

        PT Simba Jaya Utama                                              PT Simba Jaya Utama

        Pada tanggal 15 April 2023, MSM dan TTN,                         On April 16, 2020, MSM and TTN,
        entitas anak, melakukan perjanjian pemurnian                     subsidiaries, entered into a refining agreement
        dengan PT Simba Jaya Utama (“Pemurni”) untuk                     with PT Simba Jaya Utama (“Refiner”) for a
        jangka waktu tiga tahun.                                         period of three years.

        Berdasarkan perjanjian tersebut, Pemurni setuju                  Based on the agreement, Refiner agreed to
        untuk memberikan jasa untuk memurnikan dore                      provide services for refining gold/silver dore
        bullion emas/perak milik MSM dan TTN.                            bullion owned by MSM and TTN.

        Perjanjian tersebut   berakhir   pada   tanggal                  This agreement valid for a period up to
        15 April 2026.                                                   April 15, 2026.

   c.   Perjanjian Penyediaan Solar                                c. Fuel Supply Agreement

        Pada tanggal 28 Februari 2018, MSM, entitas                      On February 28, 2018, MSM, a subsidiary,
        anak, melakukan perjanjian penyediaan solar                      entered into a fuel supply agreement with
        dengan PT AKR Corporindo Tbk (AKR) untuk                         PT AKR Corporindo Tbk (AKR) for a period of
        jangka waktu tiga tahun. Saat ini perjanjian                     three years. This agreement has been
        tersebut telah diperpanjang sampai 31 Maret                      extended until March 31, 2024.
        2024.

        Berdasarkan perjanjian tersebut, AKR setuju                      Based on the agreement, AKR agreed to
        untuk menyediakan High Speed Diesel Fuel                         supply High Speed Diesel Fuel to MSM using
        untuk MSM dengan menggunakan sistem                              consignment stock arrangement.
        konsinyasi.

   d.   Komitmen                                                   d.    Commitments

        Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the Group
        Grup mempunyai komitmen kontrak yang tidak                       has unrecognized contractual commitment of
        tercatat masing-masing sebesar AS$18.223.739                     US$18,223,739         and      US$13,222,397,
        dan AS$13.222.397 sehubungan dengan                              respectively, in respect of capital commitment
        komitmen pengeluaran modal dan pengeluaran                       and operating expenditures incurred in the
        operasional yang terjadi dalam pelaksanaan                       normal course of business.
        kegiatan usaha normal.




                                                          91
Page 293
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.


            PT ARCHI INDONESIA TBK                                             PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                   FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                               (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                          unless otherwise stated)


33. PERJANJIAN     PENTING,        KOMITMEN        DAN          33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                          AND CONTINGENCIES (continued)

   e.   Perjanjian Kepemilikan Bersama                              e.    Joint Ownership Agreement

        Pada bulan Januari 2005, MSM dan TTN                              In January 2005, MSM and TTN submitted a
        mengajukan usulan untuk kepemilikan bersama                       proposal for joint ownership process plant to
        atas pabrik pengolahan kepada Menteri Energi                      the Ministry of Energy and Mineral Resources
        dan Sumber daya Mineral Republik Indonesia                        of the Republic of Indonesia (“ESDM”).
        (“ESDM”).

        Pada bulan Mei 2005, ESDM telah menyetujui                        In May 2005, ESDM approved the proposal,
        usulan tersebut, dengan persyaratan berikut:                      with the following condition:
        - Persentase kepemilikan akan didasarkan                          - Percentage of ownership is based on
           pada perbandingan sumber daya dua KK.                              comparison of the resources of two CoW.
        - Semua transaksi keuangan akan dicatat oleh                      - All financial transactions are recorded by
           setiap entitas sesuai dengan peraturan yang                        each entity in accordance with the rules
           terkait dengan masing-masing KK.                                   pertaining to each CoW.
        - Semua       kewajiban    keuangan kepada                        - All financial liabilities to the government,
           Pemerintah, termasuk royalti dan pajak-pajak                       including royalty and taxes must comply
           harus mematuhi persyaratan yang disebut                            with the requirements stated in the
           dalam masing-masing KK.                                            respective CoW.
        - Semua rencana yang tidak selaras dengan                         - Any plans not in alignment with the joint
           kepemilikan bersama harus direvisi dan                             ownership plan must be revised and
           diajukan kepada Pemerintah.                                        submitted to the Government.
        - Semua        kewajiban     lainnya    kepada                    - All other liabilities to the Government
           Pemerintah tetap berlaku sesuai dengan                             remain valid in accordance with the
           peraturan yang berlaku.                                            prevailing regulation.

   f.   Perjanjian Jual Beli Listrik                                f.    Agreement of Sale and Purchase of
                                                                          Electricity

        Pada tanggal 2 Juni 2016, MSM dan PT PLN                          On June 2, 2016, MSM and PT PLN (Persero)
        (Persero) (“PLN”) melakukan perjanjian jual beli                  (“PLN”) entered into an agreement of sale and
        listrik di mana PLN bersedia untuk menyediakan                    purchase of electricity whereby PLN agreed to
        listrik kepada MSM sampai dengan berakhirnya                      provide electricity to the Company until the
        KK antara MSM dan pemerintah.                                     CoW between MSM and the government
                                                                          expires.

        Sebagai pembayaran atas biaya penyambungan                        As a form of payment for the connection fee to
        ke jaringan listrik PLN, MSM menghibahkan                         PLN’s electricity grid, MSM handed over its
        gardu listrik kepada PLN.                                         substation to PLN.

        MSM membayar uang jaminan yang dapat                              MSM paid a refundable deposit related to this
        dikembalikan sehubungan dengan perjanjian                         agreement amounting to Rp10,880,000,000
        tersebut sebesar Rp10.880.000.000 (ekuivalen                      (equivalent    US$705.760).   The     Group
        AS$705.760). Grup menyajikan aset yang                            presented the assets transferred and
        dialihkan serta uang jaminan terkait perjanjian                   refundable deposit as part of “Other Non-
        tersebut sebagai bagian dari akun “Aset Tidak                     current Asset” account as of December 31,
        Lancar Lainnya” pada laporan posisi keuangan                      2023, in the consolidated statements of
        konsolidasian pada tanggal 31 Desember 2023                       financial position (2022: Rp10,880,000,000
        (2022:       Rp10.880.000.000        (ekuivalen                   (equivalent US$ 691,628)).
        AS$691.628)).




                                                           92
Page 294
                                                              The original consolidated financial statements included herein are in
                                                                                                         the Indonesian language.


            PT ARCHI INDONESIA TBK                                          PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                            (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                       unless otherwise stated)


33. PERJANJIAN     PENTING,      KOMITMEN       DAN          33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                       AND CONTINGENCIES (continued)

   g.   Perjanjian Jasa Pertambangan                             g.    Mining Services Agreements

        PT Samudera Mulia Abadi                                        PT Samudera Mulia Abadi

        Pada tanggal 1 Juni 2016, MSM, TTN dan                         On June 1, 2016, MSM, TTN and
        PT Samudera Mulia Abadi (“SMA”) melakukan                      PT Samudera Mulia Abadi (“SMA”) entered
        perjanjian penyediaan jasa pertambangan                        into an agreement concerning mining services
        dimana SMA bersedia untuk menyediakan jasa                     whereby SMA agreed to provide load and haul
        pemuatan dan pengangkutan kepada MSM dan                       services to MSM and TTN. This agreement
        TTN. Perjanjian ini sudah diperpanjang sampai                  has been extended up to June 30, 2024.
        dengan tanggal 30 Juni 2024.

        GMA                                                            GMA

        Pada tanggal 19 Agustus 2020, MSM, TTN dan                     On August 19, 2020, MSM, TTN and GMA
        GMA melakukan perjanjian penyediaan jasa                       entered into an agreement concerning mining
        pertambangan dimana GMA bersedia untuk                         services whereby GMA agreed to provide load
        menyediakan jasa pemuatan dan pengangkutan                     and haul services to MSM and TTN. This
        kepada MSM dan TTN. Perjanjian ini berlaku                     agreement is effective for 5 years.
        selama 5 tahun.
   h.   Perjanjian Pendirian Entitas                             h.    Agreement of Establishment Entity

        Berdasarkan perjanjian tanggal 23 September                    Based on agreement dated September 23,
        2021, Perusahaan dan PT Ormat Geothermal                       2021, the Company and PT Ormat Geothermal
        Indonesia bermaksud untuk mendirikan entitas                   Indonesia intend to set up an entity to
        untuk melaksanakan pengeboran eksplorasi dan                   exploration drilling and maintenance the
        pemeliharaan fasilitas panas bumi. Sampai                      geothermal facilities. Up to the date of
        dengan tanggal penyelesaian laporan keuangan                   completion of these consolidated financial
        konsolidasian ini, entitas tersebut belum                      statements, the entity has not been
        didirikan.                                                     established.

34. INFORMASI SEGMEN                                         34. SEGMENT INFORMATION

    Untuk kepentingan manajemen, Grup digolongkan                For management purposes, the Group is
    menjadi unit usaha berdasarkan produk dan jasa               organized into business units based on their
    dan memiliki tiga segmen operasi dilaporkan                  products and services and has three reportable
    sebagai berikut:                                             operating segments as follows:

    Segmen pertambangan emas                                     Gold mining segment
    Segmen pertambangan emas melakukan kegiatan                  Gold mining segment is involved in the
    usaha dalam pengembangan dan pemeliharaan                    development and maintenance of gold mines, the
    tambang emas, pengolahan bijih emas serta                    processing of the gold ore, and also the marketing
    aktivitas pemasaran dan penjualan barang jadi                and selling activities of the gold finished goods.
    terkait.

    Segmen perdagangan dan pengolahan emas                       Gold trading and processing segment
    Segmen perdagangan dan pengolahan emas                       Gold trading and processing segment conducted
    melakukan pengolahan produk emas dan                         processing of gold products and trading of gold and
    perdagangan produk tersebut dan lainnya terkait.             other related products.

    Segmen lain-lain                                             Others Segment
    Segmen lain-lain melakukan penyediaan jasa                   Others segment is involved in the rendering of
    pertambangan dan investasi.                                  mining services and investment holding


                                                        93
Page 295
                                                                                    The original consolidated financial statements included herein are in
                                                                                                                               the Indonesian language.


            PT ARCHI INDONESIA TBK                                                                  PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                                 NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                                        FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                              As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                         for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                    (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                               unless otherwise stated)


34. INFORMASI SEGMEN (lanjutan)                                                  34. 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
    pengambilan keputusan mengenai alokasi sumber                                       making decisions about resource allocation and
    daya dan penilaian kinerja. Kinerja segmen                                          performance assessment. Segment performance
    dievaluasi berdasarkan laba rugi operasi dan diukur                                 is evaluated based on operating profit or loss and
    secara konsisten dengan laba rugi operasi pada                                      is measured consistently with operating profit or
    laporan     keuangan     konsolidasian.    Namun,                                   loss in the consolidated financial statements.
    pendanaan Grup (termasuk beban keuangan dan                                         However, the Group financing (including finance
    penghasilan keuangan) dan pajak penghasilan                                         costs and finance income) and income taxes are
    dikelola secara grup dan tidak dialokasikan kepada                                  managed on a group basis and are not allocated to
    segmen operasi.                                                                     operating segments.

    Harga transfer antar entitas hukum dan antar                                        Transfer prices between legal entities and
    segmen diatur dengan cara yang serupa dengan                                        segments are set on a manner similar to
    transaksi dengan pihak ketiga.                                                      transactions with third parties.

    Tabel berikut ini menyajikan informasi pendapatan                                   The following table presents revenue and profit,
    dan laba dan aset dan liabilitas tertentu                                           and certain asset and liability information
    sehubungan dengan segmen operasi Grup:                                              regarding the Group’s operating segments:

    a. Laba Segmen                                                                      a. Segment Income
                                                               Perdagangan
                                                                    dan
                                                                Pengolahan
                                            Penambangan            Emas/
                                               emas/            Trading and      Lain-Lain/
                                             Gold Mining      Gold Processing     Others            Total/Total

        2023                                                                                                                                         2023
        Pendapatan                                                                                                                                Revenue
        Pendapatan dari pelanggan
          Eksternal                           235.280.986          72.423.493         4.452.371       312.156.850         Revenue from external customers
        Penjualan antar segmen                (58.038.230)            (35.481)       (4.452.371)      (62.526.082 )              Inter segment revenue

        Total pendapatan                      177.242.756          72.388.012                  -      249.630.768                           Total revenue

        Laba/(rugi) usaha segmen                 4.560.691         57.122.214        (6.051.879)       55.631.026         Segment operating profit/(loss)


        Penghasillan keuangan                      133.934             20.768           32.007             186.709                         Finance income
        Beban keuangan                         (19.605.435)           (74.596)     (11.596.399)        (31.276.430)                          Finance costs
        Bagian atas laba entitas asosiasi                -                  -        3.667.598           3.667.598             Shares in profit of associate

        Laba/(rugi) sebelum pajak
          penghasilan                          (14.910.810)        57.068.386      (13.948.673)        28.208.903          Profit/(loss) before income tax

        Laba tahun berjalan                                                                            14.759.124                       Profit for the year

        Informasi segmen lainnya                                                                                             Other segment information
           Penyusutan dan amortisasi           25.363.364             128.639          102.852         25.594.855       Depreciation and amortization
           Belanja modal                      121.657.346             559.617           77.388        122.294.351               Capital expenditures




                                                                          94
Page 296
                                                                                    The original consolidated financial statements included herein are in
                                                                                                                               the Indonesian language.


            PT ARCHI INDONESIA TBK                                                                  PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                                                 NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                                        FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                                              As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                         for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                                                    (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                                               unless otherwise stated)


34. INFORMASI SEGMEN (lanjutan)                                                  34. SEGMENT INFORMATION (continued)

    a. Laba Segmen (lanjutan)                                                           a. Segment Income (continued)
                                                               Perdagangan
                                                                    dan
                                                                Pengolahan
                                            Penambangan            Emas/
                                               emas/            Trading and      Lain-Lain/
                                             Gold Mining      Gold Processing     Others            Total/Total

        2022                                                                                                                                         2022
        Pendapatan                                                                                                                                Revenue
        Pendapatan dari pelanggan
          eksternal                           212.286.824          15.434.483         4.072.157       231.793.464         Revenue from external customers
        Penjualan antar segmen                (11.157.691)            (87.344)       (4.072.157)      (15.317.192 )              Inter segment revenue

        Total pendapatan                      201.129.133          15.347.139                  -      216.476.272                           Total revenue

        Laba/(rugi) usaha segmen               40.957.326          10.950.372        (4.378.503)       47.529.195         Segment operating profit/(loss)


        Penghasillan keuangan                      147.986              2.948            69.887            220.821                         Finance income
        Beban keuangan                         (11.820.230)           (78.968)       (8.617.306)       (20.516.504)                          Finance costs
        Bagian atas laba entitas asosiasi                -                  -         1.339.753          1.339.753             Shares in profit of associate

        Laba/(rugi) sebelum pajak
          penghasilan                          29.285.082          10.874.352      (11.586.169)        28.573.265          Profit/(loss) before income tax

        Laba tahun berjalan                                                                            14.536.813                       Profit for the year

        Informasi segmen lainnya                                                                                             Other segment information
           Penyusutan dan amortisasi           36.258.268             100.779           87.085         36.446.132       Depreciation and amortization
           Belanja modal                       68.919.110             229.529          196.113         69.344.752               Capital expenditures



   b. Aset dan Liabilitas Segmen                                                        b. Segment Assets and Liabilities
                                                               Perdagangan
                                                                    dan
                                                                Pengolahan
                                            Penambangan            Emas/
                                               emas/            Trading and      Lain-Lain/
                                             Gold Mining      Gold Processing     Others            Total/Total

        2023                                                                                                                                          2023
        Aset                                                                                                                                    Assets
        Aset segmen                          791.682.181           3.896.934        8.001.066       803.580.181                         Segment assets

        Liabilitas                                                                                                                         Liabilities
        Liabilitas segmen                    429.615.625           3.249.338     108.085.233        540.950.196                      Segment liabilities



                                                               Perdagangan
                                                                    dan
                                                                Pengolahan
                                            Penambangan            Emas/
                                               emas/            Trading and      Lain-Lain/
                                             Gold Mining      Gold Processing     Others            Total/Total

        2022                                                                                                                                          2022
        Aset                                                                                                                                    Assets
        Aset segmen                          702.535.439           8.398.246        6.882.737       717.816.422                         Segment assets

        Liabilitas                                                                                                                         Liabilities
        Liabilitas segmen                    338.022.757           7.863.175     124.175.051        470.060.983                      Segment liabilities




                                                                          95
Page 297
                                                                The original consolidated financial statements included herein are in
                                                                                                           the Indonesian language.


            PT ARCHI INDONESIA TBK                                           PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                 FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                             (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                        unless otherwise stated)


34. INFORMASI SEGMEN (lanjutan)                                34. SEGMENT INFORMATION (continued)
    c. Informasi Geografis                                          c. Geographical Information
       Seluruh aset produktif Grup berada di Indonesia.                  All of the Group’s productive assets are
       Informasi    penjualan    berdasarkan     pasar                   located in Indonesia. The sales information
       geografis adalah sebagai berikut:                                 based on the geographical market is as
                                                                         follows:

                                              2023              2022

       Indonesia                             130.632.999       150.338.309                                             Indonesia
       India                                  64.088.834         9.616.563                                                  India
       Singapura                              54.908.935        56.521.400                                             Singapore

       Total                                 249.630.768       216.476.272                                                   Total



35. STANDAR    AKUNTANSI YANG TELAH                            35. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                                YET EFFECTIVE
    EFEKTIF
   Standar akuntansi yang telah diterbitkan sampai                 The accounting standards that have been issued up
   tanggal penerbitan laporan keuangan konsolidasian               to the date of issuance of the Group’s consolidated
   Grup namun belum berlaku efektif diungkapkan berikut            financial statements, but not yet effective are
   ini. Manajemen akan menerapkan standar tersebut                 disclosed below. The management will adopt these
   yang dipertimbangkan relevan terhadap Grup pada                 standards that are considered relevant to the Group
   saat efektif. Namun, pengaruhnya terhadap posisi dan            when they become effective. However, the impact to
   kinerja keuangan konsolidasian Grup masih diestimasi            the consolidated financial position and performance
   sampai dengan tanggal penyelesaian laporan                      of the Group is still being estimated as of the date of
   keuangan konsolidasian ini:                                     completion of these consolidated financial
                                                                   statements:
   Mulai efektif pada atau setelah 1 Januari 2024                  Effective beginning on or after January 1, 2024
   Pilar Standar Akuntansi Keuangan                                Financial Accounting Standards Pillars
   Standar ini memberikan persyaratan dan pedoman                 These standards provides requirements and
   bagi entitas untuk menerapkan standar akuntansi                guidelines for entities to apply the correct financial
   keuangan yang benar dalam menyusun laporan                     accounting standards in preparing general purpose
   keuangan bertujuan umum. Akan ada 4 (empat)                    financial statements. There will be 4 (four) financial
   standar akuntansi keuangan yang saat ini diterapkan            accounting standards that are currently applied in
   di Indonesia, yaitu:                                           Indonesia, namely:
   1. Pilar     1     Standar     Akuntansi Keuangan              1. Pillar 1 International Financial Accounting
        Internasional,                                                Standards,
   2. Pilar 2 Standar Akuntansi Keuangan Indonesia                2. Pillar 2 Indonesian Financial Accounting
        (PSAK),                                                       Standards (PSAK),
   3. Pilar 3 Standar Akuntansi Keuangan Indonesia                3. Pillar 3 Indonesian Financial Accounting
        untuk    Entitas Swasta/Standar      Akuntansi                Standards for Private Entities/Indonesian
        Keuangan Indonesia untuk Entitas Tanpa                        Financial Accounting Standards for Entities
        Akuntabilitas Publik, dan                                     without Public Accountability, and
   4. Pilar 4 Standar Akuntansi Keuangan Indonesia                4. Pillar 4 Indonesian Financial Accounting
        untuk Entitas Mikro Kecil dan Menengah.                       Standards for Micro Small and Medium Entities.




                                                          96
Page 298
                                                               The original consolidated financial statements included herein are in
                                                                                                          the Indonesian language.


            PT ARCHI INDONESIA TBK                                          PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                            (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                       unless otherwise stated)


35. STANDAR       AKUNTANSI YANG TELAH                        35. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                               YET EFFECTIVE (continued)
    EFEKTIF (lanjutan)

   Mulai efektif pada atau setelah 1 Januari 2024                 Effective beginning on or after January 1, 2024
   (lanjutan)                                                     (continued)

   Standar Akuntansi Keuangan Internasional                       International Financial Accounting Standard

  Standar ini merupakan adopsi penuh dari                        This standard is a full-adoption of International
  International Financial Reporting Standards (“IFRS”)           Financial Reporting Standards (“IFRS”) which is
  yang diterjemahkan kata demi kata dan tidak ada                translated in a word-for-word basis and there is no
  modifikasi dari Standar IFRS, termasuk tanggal                 modifications from IFRS Standards, including the
  efektifnya. Entitas yang memenuhi persyaratan dapat            effective date. Entities that meet the requirements
  menerapkan standar ini, sejak tanggal efektif.                 can apply this standard, from the effective date.

   Nomenklatur Standar Akuntansi Keuangan                         Financial Accounting Standards Nomenclature

  Standar ini ini mengatur penomoran baru untuk                  This standard regulates the new numbering for
  standar akuntansi keuangan yang berlaku di                     financial accounting standards applicable in
  Indonesia yang diterbitkan oleh DSAK IAI.                      Indonesia issued by DSAK IAI.

  Amandemen PSAK 1: Liabilitas Jangka Panjang                     Amendment of PSAK 1: Non-current Liabilities with
  dengan Kovenan                                                  Covenants

  Amandemen ini menentukan persyaratan untuk                     The amendments specify the requirements for
  mengklasifikasikan suatu liabilitas sebagai jangka             classifying liabilities as current or non-current and
  pendek atau jangka panjang dan menjelaskan:                    clarify:
    hal yang dimaksud sebagai hak untuk                           what is meant by a right to defer settlement,
     menangguhkan pelunasan,
    hak untuk menangguhkan pelunasan harus ada                     the right to defer must exist at the end of the
     pada akhir periode pelaporan,                                  reporting period,
    klasifikasi tersebut tidak dipengaruhi oleh                   classification is not affected by the likelihood
     kemungkinan entitas akan menggunakan hakya                     that an entity will exercise its deferral right, and
     untuk menangguhkan liabilitas, dan
    hanya jika derivatif melekat pada liabilitas                  only if an embedded derivative in a convertible
     konversi tersebut adalah suatu instrumen                       liability is an equity instrument would the terms
     ekuitas, maka syarat dan ketentuan dari suatu                  and conditions of a liability will not impact its
     liabilitas konversi tidak akan berdampak pada                  classification.
     klasifikasinya.

  Selain itu, persyaratan telah diperkenalkan untuk              In addition, a requirement has been introduced to
  mewajibkan pengungkapan ketika suatu kewajiban                 require disclosure when a liability arising from a
  timbul dari pinjaman perjanjian diklasifikasikan               loan agreement is classified as non-current and the
  sebagai tidak lancar dan hak entitas untuk menunda             entity’s right to defer settlement is contingent on
  penyelesaian bergantung pada kepatuhan terhadap                compliance with future covenants within twelve
  persyaratan di masa depan dalam waktu dua belas                months.
  bulan.

  Amendemen tersebut berlaku efektif untuk periode               The amendments are effective for annual reporting
  pelaporan tahunan yang dimulai pada atau setelah               periods beginning on or after January 1, 2024
  1 Januari 2024 secara retrospektif dengan penerapan            retrospectively with early adoption permitted.
  dini diperkenankan.




                                                         97
Page 299
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.


            PT ARCHI INDONESIA TBK                                            PT ARCHI INDONESIA TBK
             DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
     KEUANGAN KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
     (Disajikan dalam Dolar Amerika Serikat,                              (Expressed in United States Dollar,
              kecuali dinyatakan lain)                                         unless otherwise stated)


35. STANDAR       AKUNTANSI YANG TELAH                          35. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                                 YET EFFECTIVE (continued)
    EFEKTIF (lanjutan)

   Mulai efektif pada atau setelah 1 Januari 2024                   Effective beginning on or after January 1, 2024
   (lanjutan)                                                       (continued)

  Amandemen PSAK 73: Liabilitas Sewa dalam Jual Beli                Amendment of PSAK 73: Lease liability in a Sale and
  dan Sewa-balik                                                    Leaseback

  Amandemen PSAK 73 menetapkan persyaratan                         The amendment to PSAK 73 specifies the
  yang digunakan penjual-penyewa dalam mengukur                    requirements that a seller-lessee uses in measuring
  kewajiban sewa yang timbul dalam transaksi jual beli             the lease liability arising in a sale and leaseback
  dan sewa-balik, untuk memastikan penjual-penyewa                 transaction, to ensure the seller-lessee does not
  tidak mengakui jumlah setiap keuntungan atau                     recognise any amount of the gain or loss that
  kerugian yang terkait dengan hak guna yang                       relates to the right of use it retains.
  dipertahankan.

  Amandemen berlaku secara retrospektif untuk                      The amendment applies retrospectively to annual
  periode pelaporan tahunan yang dimulai pada atau                 reporting periods beginning on or after January 1,
  setelah 1 Januari 2024. Penerapan dini                           2024. Earlier application is permitted. The Group is
  diperkenankan. Grup saat ini sedang menilai dampak               currently assessing the impact of the amendment to
  dari amandemen tersebut untuk menentukan                         determine the impact they will have on the Group’s
  dampaknya terhadap pelaporan keuangan Grup.                      financial reporting.

  Amandemen PSAK 2 dan PSAK 60: Pengaturan                          Amendment of PSAK 2 and PSAK 60: Supplier
  Pembiayaan Pemasok                                                Finance Arrangements

  Amandemen PSAK 2 dan PSAK 60 mengklarifikasi                     The amendments to PSAK 2 and PSAK 60 clarify
  karakteristik pengaturan pembiayaan pemasok dan                  the       characteristics   of   supplier      finance
  mensyaratkan pengungkapan tambahan atas                          arrangements and require additional disclosure of
  pengaturan      pembiayaan      pemasok      tersebut.           such arrangements. The disclosure requirements in
  Persyaratan pengungkapan dalam amandemen ini                     the amendments are intended to assist users of
  dimaksudkan untuk membantu pengguna laporan                      financial statements in understanding the effects of
  keuangan dalam memahami dampak pengaturan                        supplier finance arrangements on an entity’s
  pembiayaan pemasok terhadap liabilitas, arus kas,                liabilities, cash flows and exposure to liquidity risk.
  dan eksposur terhadap risiko likuiditas suatu entitas.

  Amandemen ini akan berlaku efektif untuk periode                 The amendments will be effective for annual
  pelaporan tahunan yang dimulai pada atau setelah                 reporting periods beginning on or after January 1,
  1 Januari 2024. Penerapan dini diperkenankan,                    2024. Early adoption is permitted, but will need to
  namun perlu diungkapkan. Amandemen tersebut                      be disclosed.The amendments are not expected to
  diperkirakan tidak mempunyai dampak material                     have a material impact on the Group’s financial
  terhadap laporan keuangan Grup.                                  statements.




                                                           98
Page 300
Rajawali Place Lt. 27 / 27th Floor
 Jl. HR Rasuna Said Kav. B/4
     Jakarta Selatan 12910

        +62 21 576 1719
        +62 21 576 1720
  corsec@archiindonesia.com
   www.archiindonesia.com




       2023
   Laporan Tahunan
    Annual Report

File

File Open PDF
Source IDX
Size9.93 MB
Published1 May 2024
Pages300
Characters1,609,037
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OCR confidence—

Names mentioned 139 people and organisations named in the text · linked when the evidence is strong

linked org Archi Indonesia Tbk p.2 ×400
linked person Kenneth Ronald Kennedy Crichton · Member p.25 ×9
linked person Rudy Suhendra · Member p.33 ×15
linked person Rizki Indrakusuma · President Commissioner p.40 ×11
linked person Abed Nego · Komisaris p.40 ×8
linked person Hamid Awaluddin · Member p.40 ×11
linked person Jhoni Ginting · Commissioner p.40 ×8
linked person Christian Emanuel David Sompie · Direktur p.41 ×6
linked person Hidayat Dwiputro Sulaksono · Chairman p.41 ×10
linked person Scott Gerald Atkinson · Direktur p.41 ×9
linked org PT Rajawali Corpora p.44 ×47
linked org PT Basis Utama Prima p.44 ×5
linked org Golden Eagle Energy Tbk p.58 ×7
linked org Fortune Indonesia Tbk p.59 ×5
linked org Golden Energy Mines Tbk p.60 ×11
linked org PT ESSA Industries Indonesia Tbk p.61 ×7
linked org Delta Dunia Makmur Tbk p.61 ×9
linked org Bukit Asam Tbk p.62 ×5
linked org Dana Pensiun p.68 ×2
linked org Wijaya Anugerah p.70 ×2
linked org Bank Syariah Indonesia p.130
possible org Bursa Efek Indonesia p.15 ×8
possible person Dr. Ir. Bambang Setiawan · Chairman p.40 ×10
possible org Negara Republik Indonesia p.44 ×2
possible person Herwan Ng · Komisaris p.54
possible org Golden Eagle Energi Tbk p.59 ×2
possible person Dr. Ir. Bambang · Komisaris Independen p.68 ×2
possible person Prof. Dr. Satrio p.75
possible — Central Business p.75
possible — Program ESA p.97
possible org Otoritas Jasa Keuangan p.100 ×7
unresolved org Financial Services Authority p.2 ×9
unresolved org PT Archi p.2
unresolved org Indonesia Tbk p.2
unresolved org Archipelago Resource Pte. Ltd. p.2
unresolved org PT Elang Mulia Abadi Sempurna MSM p.2
unresolved org PT Meares Soputan Mining p.2 ×2
unresolved org PT Jasa Pertambangan Perkasa TTN p.2
unresolved org PT Tambang Tondano Nusajaya GMA p.2
unresolved org PT Geopersada Mulia Abadi KKM p.2
unresolved org PT Karya Kreasi Mulia p.2
unresolved org Kantor Akuntan Publik Wilayah Operasional Information p.4
unresolved person Keberagaman Komposisi · Komisaris p.5
unresolved person General Guidelines · Komisaris p.5
unresolved org Indonesia Stock Exchange p.15 ×8
unresolved org Menteri Energi dan Sumber Daya Mineral Republik Indonesia Minister of Energy and Mineral Resources p.17 ×9
unresolved org Milik Negara p.18
unresolved org PT Meares Soputan Mining Tokatindung Project p.20
unresolved org LRQA Limited LRQA Group Limited p.20 ×6
unresolved org LRQA Limited p.20 ×6
unresolved org PT Lloyd’s Register Indonesia p.20 ×6
unresolved org Llyod’s Register Quality Assurance Limited p.20 ×6
unresolved org PT Meares Soputan Mining Proyek Toka Tindung p.20
unresolved org Organizer SGS United Kingdom Ltd p.20 ×2
unresolved org PT Tambang Tondano Nusajaya Proyek Toka Tindung p.21 ×3
unresolved org Menteri Energi p.26
unresolved org Minister of Energy and Mineral Resources p.26 ×2
unresolved person Whistleblowing System · Komisaris p.29
unresolved org Bank Indonesia p.34 ×4
unresolved person Vice · President Commissioner p.40 ×2
unresolved person Akta Notaris Fatma Agung Budiwijaya p.44
unresolved org PT Archi Indonesia. Akta p.44
unresolved org Menteri Bidang Usaha Kehakiman p.44
unresolved person Budiwijaya p.44 ×2
unresolved org Minister of Justice p.44
unresolved person Fatma Agung Agung Budiwijaya p.45
unresolved org PT Ormat Geothermal Indonesia p.47 ×2
unresolved org Menteri Energi dan Sumber Daya p.53 ×2
unresolved org Minister of Energy and Mineral North Minahasa p.53
unresolved — Contract of Work p.53
unresolved org PT Thies Contractors Indonesia p.57 ×2
unresolved org Eagle High Plantation Tbk p.59 ×12
unresolved — CFO · Director p.59 ×2
unresolved org Trada Alam Mineral Tbk p.60 ×4
unresolved org PT Celanese Indonesia p.60 ×2
unresolved org PT Jogja Magasa Iron p.60 ×2
unresolved org PT Kideco Jaya Agung p.60 ×2
unresolved org PT Newmont Nusa Tenggara p.60 ×2
unresolved org PT Weda Bay Nickel p.60 ×2
unresolved org Kementerian Energi dan Sumber Daya Mineral p.60
unresolved org Ministry of Energy and Mineral Resources p.60 ×2
unresolved org PT Thiess Contractors Indonesia p.60 ×2
unresolved org PT Kalimantan Surya Kencana p.60 ×2
unresolved org Pelita Samudera Shipping Tbk p.61 ×8
unresolved org PT Kutai Energi p.61 ×2
unresolved org PT Kartanegara Energi Perkasa p.61 ×2
unresolved org Industries Indonesia Tbk p.61 ×4
unresolved org PT Indomining p.61 ×2
unresolved org PT Trinsesa Mineral Utama p.61 ×2
unresolved org PT Adimitra Baratama Nusantara p.61 ×2
unresolved org Kementerian Hukum dan Hak Asasi Manusia Republik Pengendali p.62
unresolved org Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia Has p.62
unresolved org Ministry of Law and Human Rights p.62 ×2
unresolved org Kementerian Energi dan Sumber Daya Mineral Republik Indonesia p.64
unresolved org PT Newmont Minahasa Raya p.64 ×4
unresolved org Manajer Proyek Troy Resources Guyana Inc p.66
unresolved org Bawah Tanah Barrick Gold Corporation p.66
unresolved org Troy Resources Guyana Inc p.66
unresolved org Barrick Gold Corporation p.66
unresolved org PT Rajawali Kapital Investama p.70
unresolved org PT Rajawali Kapital Internasional p.70
unresolved org PT Wijaya Anugerah Cemerlang p.70
unresolved org PT Rajawali Corpora. Sedangkan p.70
unresolved org PT Rajawali Corpora. Whereas p.70
unresolved org PT Wijaya Anugerah Cemerlang Public p.71
unresolved org Archipelago Resources Pte Ltd p.71
unresolved org PT Meares Soputan p.71
unresolved org PT Karya Kreasi p.71
unresolved org PT Elang Mulia Abadi Pertambangan Mining p.71
unresolved org PT Geopersada Mulia Abadi Pemegang Konsensi Kontrak Karya p.71
unresolved org Kantor Akuntan Publik Information p.74
unresolved person Purwantono, Sungkoro & Surja · Kantor Akuntan Publik p.74
unresolved org Young Global Limited p.74 ×2
unresolved org PT Datindo Entrycom · Biro Administrasi Efek p.74 ×4
unresolved person Mala Mukti SH · Notaris p.75
unresolved — HHP Law Firm · Konsultan Hukum p.75
unresolved org PT Kustodian Sentral Efek Indonesia p.75
unresolved org PT Kustodian Sentral p.75
unresolved org KJPP Karmanto & Rekan p.75
unresolved org KJPP Karmanto p.75
unresolved — Availability on p.75
unresolved org Kementerian Keuangan RI p.78
unresolved org Ministry of Finance p.78 ×3
unresolved org Minister of Finance-Global Ketidakpastian Hingga Akhir Tahun p.78
unresolved org Kementerian Koordinator Bidang Perekonomian RI p.78
unresolved org Kementerian Keuangan Republik Indonesia p.79
unresolved org Consumer Product Inc. p.82
unresolved org Departemen · Sekretaris Perusahaan p.115
unresolved org Kantor Akuntan Publik Purwantono p.117
unresolved org Kantor Akuntan Publik Independen p.117 ×5
unresolved person Pedoman Kerja · Komisaris p.118
unresolved person Pedoman · Komisaris p.118
unresolved person Annual GMS Resolutions · President Commissioner p.120 ×10
unresolved person Extraordinary GMS Resolutions · Commissioner p.120 ×3
unresolved person Independensi · Komisaris Independen p.120
unresolved person Independence · Komisaris Independen p.120
unresolved person Committee · Komisaris p.122 ×2
unresolved org BSI Global Islamic Finance Summit · Direktur p.130
unresolved person Nominasi · Komisaris p.130

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